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2010-12-04

Nifty has taken ‘U’ Turn this Week & will Reach New High(6400) This Expiry


Last week Nifty Closed @ 5993(Spot) 6025(Fut) made a Low of 5690(Spot) & High of 6030 . It shows Nifty has taken ‘U’ Turn to Bullish Trend

In weekly Chart 5700 (Trend Line Support) is Crucial support for Nifty & Rsi Support @50 & Stochastic Indicator also taken ‘U’ Turn

Already I told in Nifty Daily chart it happened now

(Nifty may Take ‘U’ Turn R Again BLOOD Bath Coming Week?)

What will Nifty made Bullish?

Once Nifty is closed Above 5950 Two concsecutive days in daily chart it will Shoot up 6150 & 6240 &6380

Recommandation of this Week

Buy dec futures @ 5980 to 6025 Stop @5920 tgt 6080 & 6130&6230

Option Lovers

Buy 6000 Call@100 &110 hold till Expiry

What will Nifty made bearish?

Once Nifty is Closed Below 5900 Two concsecutive days in daily chart it will Drag down 5800 & 5725 & 5500



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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.