Tuesday, May 21, 2013

>Nifty pre market 21st may

Hi friends,
                  Yesterday nifty tested resistance zone 6220+and reacted but managed to stay above support of 6150 today we can expect a sideways move and below 6150 a test of 6100 is evident.
6050 is the traling sl for daily longs below that serious selling else this would be taken as a profit booking..

happy trading..

Sunday, May 19, 2013

>Nifty premarket 20th may

Hi friends,
                    Nifty continues to move up inching closer to 6200-6220 which is the resistance for current up move if it maintains 6144 the up move continues else first sign of profit booking emerges.
happy trading...

Friday, May 17, 2013

>Nifty premarket 17th may

hi friends,
                  Nifty continued its up move yesterday and its reaching the trend line to the upside resistance which comes near 6200-6220 need to see the reaction to ascertain further move .
 The daily chart continues to target 6250-80 as shown in below chart.
Happy trading...

Thursday, May 16, 2013

>Nifty premarket 16th may

Hi friends,
                    Nifty  move yesterday confirmed that an abc finished at low of 5980, My expectation was we would test 5950 atleast before reversing but this reversed too soon plus with great strength and we have already conquered the previous high.Will wait for a day or 2 to ascertain the local count
bigger picture remain abcde what i showed in this post  NIFTY .

Happy trading...