Tuesday, April 5, 2011

Tuesday, 5th April 2011

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.

MONDAY TRADE HISTORY :

SPOT       : 11840.70 as High and 11614.45 as Low

FUTURE : 11919.00 as High and 11684.00 as Low
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BANKNIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 11753

RESISTANCE 1 11892                            SUPPORT 1 11666

RESISTANCE 2 11979                            SUPPORT 2 11527

RESISTANCE 3 12206                            SUPPORT 3 11301
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BANKNIFTY ON 5th APRIL 2011

Hai everybody,

Still, All banking sectors are in overbought level. 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 11753, then quick trade upto 11823-11892.

Above 11892, then zoom upto 11936-11979.

Above 11979, then fire upto 12093-12206.

Below 11753, then freefall upto 11709-11666.

Below 11666, then bloodpath upto 11596-11527.

Below 11527, then slide upto 11414-11301.
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TODAY'S HINTS :

Risky players can go short banknifty today with sl of 12100 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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