Wednesday, April 13, 2011

Wednesday, 13th 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       : 11637.00 as High and 11551.75 as Low
 
FUTURE : 11700.00 as High and 11590.05 as Low
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BANKNIFTY PIVOT, RESISTANCES AND SUPPORTS :
 
                                        PIVOT 11596
 
RESISTANCE 1 11639                            SUPPORT 1 11554
 
RESISTANCE 2 11681                            SUPPORT 2 11510
 
RESISTANCE 3 11766                            SUPPORT 3 11425
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BANKNIFTY on 13th APRIL 2011
 
Hai everybody,
 
Some recovery expected in Banknifty today..!!?? Let us wait and see today.
 
Last hope for bear is 11900 and for bull is 11500 at this stage.
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TODAY'S TRADING LEVELS
 
Today banknifty trade above 11596, then quick trade upto 11617-11639.
 
Above 11639, then zoom upto 11660-11681.
 
Above 11681, then fire upto 11723-11766.
 
Below 11596, then freefall upto 11575-11554.
 
Below 11554, then bloodpath upto 11532-11510
 
Below 11510, then slide upto 11468-11425.
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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. We booked 50% @ 11600, cos of range bound and hold balance with revised stoploss of 11850 cost to cost.
 
If today banknifty will close below 11500, then next target 11300.
 
If today banknifty will close above 11900, then next target 12200.
 
So keep ur eyes on 11700 and 11500 levels today also.
 
Tip : Our levels are mentioned only Banknifty spot, not Future.
 
So trade carefully.
 
SAFELY TRADING.

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