Alert!!
News and News makers will be a key for market move. So trade with strictly stoploss.
For daily nifty levels, visit http://www.nifty50pulse.blogspot.com/ everyday.
For daily trading ideas, visit http://www.dailytradingidea.blogspot.com/ everyday.
For script trade detail, visit http://www.subiuthra.blogspot.com/ everyday.
SPOT : 11838.05 as High and 11686.55 as Low
FUTURE : 11897.95 as High and 11733.30 as Low
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BANKNIFTY PIVOT, RESISTANCES AND SUPPORTS :
PIVOT 11752
RESISTANCE 1 11817 SUPPORT 1 11665
RESISTANCE 2 11903 SUPPORT 2 11600
RESISTANCE 3 12055 SUPPORT 3 11449
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BANKNIFTY ON 7th APRIL 2011
Hai everybody,
Yesterday also a, Flat cloing day and all banking scripts are in over weightage. Anytime, they will be melted.
Last hope for bear is 12100 and for bull is 11600 at this stage.
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TODAY'S TRADING LEVELS
Today banknifty trade above 11752, then quick trade upto 11784-11817.
Above 11817, then zoom upto 11860-11903.
Above 11903, then fire upto 11979-12055.
Below 11752, then freefall upto 11709-11665.
Below 11665, then bloodpath upto 11633-11600.
Below 11600, then slide upto 11524-11449.
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TODAY'S HINTS :
We initiated the short at 5/4/11, banknifty @ 11850 with sl of 12100 (spot level) above closing basis for min 500 points within 10 days frame.
If today banknifty will close below 11600, then next target 11300.
So keep ur eyes on 11900 and 11600 levels today.
Tip : Our levels are mentioned only Banknifty spot, not Future.
So trade carefully.
SAFELY TRADING.
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