2010-11-17

Nifty Daily Chart

Short term

Broke the 1st tend line & 50days MA in daily chart the market will fall upto 5930 levels(38.2 retracement of 5349 to 6336 ) after tht some bounce will be there upto 6000 once it breaks 5930 levels next target will be 5800(50% retracemeant of 5349 to 6336 & 2nd trend line Support in Daily & weekly Chart)after tht Nifty will Shoot up with new highs upto 6500 in jan2011. Immediate support @ 5725(61.8% retracemeant of 5349 to 6336 &100days MA )

Resistance in nifty 6045, 6080,6135,6185,6260,6345

Short Term Call 17/11/2010

Short nifty @6045 stop@6095 tgt 5930 & 5800

Long term Call Before nov expiry

Srong buy dec futures @ 5835 Stop @5750 tgt 6150

Follow up for Weekly report calls Low risk traders can book profit

U Want intraday calls Daily COMEX Futures & MCX & nifty Trading calls vist our Site daily Refesh every 15mins in Trading hrs

Low risk traders book profit Others hold maintain profit stop

Strong Recommendation( Silver XAG/USD)



Sell @ 26 Stp @ 26.8 tgt 24.9 & 21.6

current cmp 25.29 made low 25

Mcx silver Active @ yesterday night

Sell MCX Decmebr Silver between 39710-39760 with strict stop-loss above 40850 Targeting initially 38400 and then 37500

current cmp 37850 made low 37500

Strong Recommendation(Comex copper HGZ0 Futures)

Sell @ 390 Stp @ 407 tgt 339

current cmp 365 made low 363

MCX Copper Players (nov)

Sell@389 Stop @395 Tgt @370
current cmp 380 made low 379

Strong Recommendation( Gold XAU/USD)

Sell @ 1370 Stp @ 1400 tgt 1318 and 1260

current cmp 1335 made low 1329


MCX Gold Players (Dec)

Sell MCX Decmebr GOLD between 20150 TO 20200 with strict stop-loss above 20490 Targeting initially 19800 and then 19400
current cmp 19900 yesterday made high 19850