Nifty has taken ‘U’ Turn this Week R Another 500points down

Coming week is Crucial week For Nifty

Daily Chart

In Daily Chart Nifty Close below 200SMA now after may19th2010 but support act @ 5500 levels once close below this support levels it will fall further up to 5400 levels & Rsi @ 30levels in daily chart in every 30 levels nifty will bounce 100 to 200 points becoz Rsi 30 is strong support as per daily chart

In My view on nifty

Short covering will except on tuseday r wednesday (Be ready for tht)

Weekly Chart

As per weekly chart 5500 act as strong support for Nifty once close below this support only another 500points down otherwise it will take u turn from these level

For monday Nifty open gap down only

Trading Tips For Nifty Feb fut

For long term players

Buy Niftyfut @5350 to 5375 levels Stoploss @ 5225 Tgt@5550 & 5650

For Short term players

IF monday open gap down means buy nifty fut on tuesday @3pm hold for wednesday

Any Queries Catch me @ JMSQUARENIFTY@yahoo.com

Nifty Weekly Chart

Sliver broke strong Support in dialy chart

Nifty will break RSI 53 in Hrly chart

Gold will fall upto 1290$ & 1300$

Gold will Fall upto 1290$ to 1300$

Trading calls for gold

Sell gold 1348$ to 1355$ Stop @1375 consecutive 2 days closing Tgt 1325 & 1300

For mcxTraders

Sell @20120 to 20150 stop @ 20450 tgt 19750 & 19500

For physical & longterm buyers

Buy Gold @ 1300$ stop@ 1275 consecutive 2 days closing Tgt 1375 & 1420

Intraday calls for Put Writers players

Sell Niftyjan5900PE@232 to 236 Stop@255 TGt 200 & 180StrictStoploss(cmp 233)

Sell Niftyjan5800PE@145 to 149 Stop@175 TGt 120 & 100StrictStoploss(cmp 148)

Follow up for nifty PUT option Writer Intraday

Risky Lovers Hold Target Intraday players book profit

Sell Niftyjan6000PE@280 to 285 Stop@315 TGt 250 & 200StrictStoploss(cmp 282)

current cmp 262 made low 260

Sell Niftyjan5900PE@193 to 195 Stop@215 TGt 160 & 130StrictStoploss(cmp 194)

current cmp 172 made low 167