NIFTY SPOT WEEKLY & SHORT TERM TRADING STRATEGY

        NIFTY POSITIONAL TRADING STRATEGY - (1-5DAYS)

BEST BUY LEVEL 5921 (CURRENT RESISTNCE) ACTUAL RESISTNCE IS @ 5956.20 (BEST SHORT LEVEL) A BREAK ABOVE THAT TARGET IS 6070.20/6105.50; A CRACK BELOW 5882 SELL IT FOR A TARGET OF 5808/5772.           

   NIFTY SHORT TERM TRADING STRATEGY -  (2-4 WEEKS)

BEST BUY LEVEL 6062 (CURRENT RESISTNCE) ACTUAL RESISTNCE IS @ 6168 (BEST SHORT LEVEL) A BREAK ABOVE THAT NIFTY SPOT TARGET IS 6508/6615 ; A CRACK BELOW 5992 (STOP LOSS) SELL IT FOR TARGET 5718/5615.

CMP - 5890.30

**TRADING STRATEGY : LAST WEEK WE HAVE WITNESSED A STEEP CORRECTION IN NIFTY SPOT..SO WE CAN ASSUME THAT THERE WILL BE SOME SOUGHT OF TECHNICAL BOUNCE BACK FROM HERE.. INTRA DAY SPECULATORS ARE ADVICED TO KEEP A CLOSE EYE ON 5921 & THEN BUY THERE & BOOK PROFITS @ 5956.20..HOWEVER POSITIONAL TRADERS NEED TO ADOPT SELL ON RISES STRATEGY..ONE CAN WAIT UNTIL NIFTY TOUCH 5656.50 & SHORT 1 LOT THERE & IF BREAKS ABOVE THAT WAIT TILL 6062-6070 & AVERAGE YOUR POSITIONS BY SELLING ANOTHER LOT - 6105.50 RESPECTIVELY KEEPING IN MIND OUR GIVEN SHORT TERM LEVELS.

                                TRADER'S CAN SHORT NIFTY @ 5921 AS PER YOUR RISK APPETITE (IF U DONT WANT TO MISS THE BUS)

      OVERALL TREND - BEARISH (SELL ON RISES)