Wednesday, April 6, 2011

Wednesday, 6th 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.

TUESDAY TRADE HISTORY :

SPOT       : 11861.15 as High and 11678.10 as Low

FUTURE : 11925.00 as High and 11728.00 as Low
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BANKNIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 11779

RESISTANCE 1 11881                            SUPPORT 1 11698f

RESISTANCE 2 11962                            SUPPORT 2 11596

RESISTANCE 3 12145                            SUPPORT 3 11413
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BANKNIFTY ON 6th APRIL 2011

Hai everybody,

Yesterday was 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 11800, then quick trade upto 11830-11881.

Above 11881, then zoom upto 11922-11962.

Above 11962, then fire upto 12054-12145.

Below 11779, then freefall upto 11739-11698.

Below 11698, then bloodpath upto 11647-11596.

Below 11596, then slide upto 11505-11413.
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TODAY'S HINTS :

Yesterday, we initiated the short, 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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