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 forward-looking statements/predictions and may be subject to change without notice.

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Monday, November 29, 2010

NIFTY SPOT WEEKLY LEVELS & TRADING STRATEGY !!

DEAR TRADERS LAST WEEK MARKET TRADED IN THE RANGE AS EXPECTED & MANAGED TO ACHIEVE OUR GIVEN WEEKLY TARGETS & ALMOST ACHIEVED OUR SHORT TERM  1ST TARGET 5718..& MADE A LOW OF  5690 .....**"SHORT TERM 2ND  TARGET 5615 HAS NOT YET BEEN ACHIEVED"..CLOSED @ 5751.95
              NIFTY SPOT LEVELS FOR THE WEEK AHEAD : BEST BUY 5816 (CURRENT RESISTANCE) ACTUAL RESISTANCE @ 5894.20 ..A BREAK ABOVE THAT NIFTY WILL TEST 6146/6224 ON THE UPSIDE ..HOWEVER A CRACK BELOW 5792 SELL IT FOR A TARGET OF 5565/5488 ON THE DOWNSIDE...
                                CMP - 5751.95
TRADING STRATEGY : WE ADVICE OUR TRADERS TO OPT WAIT & WATCH STRATEGY UNTIL NIFTY TEST 5816 LEVELS & CAN SHORT FROM THERE ..FOR TARGET OF 5615/5565..
HOWEVER IF TRADERS WONT GET A CHANCE TO PARTICIPATE & IF THERE IS A GAP DOWN OPENING ..IF NIFTY CRACKS TILL 5615  THEN TRADERS CAN TAKE A LONG CALL...TECHNICAL BOUNCE BACK OR PULL BACK RALLY CANNOT BE RULED OUT ...

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