Thursday, May 23, 2013

>Nifty premarket 23rd may

Hi friends,
                  Yesterday nifty expectation was a test of 6150+ and then a sideways to down move towards 6080 and yes nifty did that ,For any strength nifty has to hold above 6080 else 6000-5980 would be next stop ,Which i think eventually nifty has to test ,Overall once we test 5980 it would be certain that we finished an A at the high 6239.
Let the move be few days old and would lable the short term waves.

Happy trading...

Wednesday, May 22, 2013

>Nifty premarket 22nd may

Hi friends,
                   Yesterday nifty went below 6150 and made a low of 6106 ,My expectation was below 6150 a test of 6100.
Now wave wise we have almost done 5 down now if nifty holds 6100-6080 we can retest 6150-60 or else remain sideways in 6100-6080 range for the day.On usdinr frond the long call is doing good we have done 55.40 from 53.50 near 56++ we need to re look at the structure
happy trading..

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...