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Sunday, March 6, 2011

NIFTY SPOT WEEKLY TRADING STRATEGY >> 07/03/2011

AS PER THE PREVIOUS WEEKS TRADING STRATEGY NIFTY ALMOST ACHIEVED OUR GIVEN 1ST TARGET 5609.90.. NIFTY HIGH - 5608.20 ..OUR GIVEN RESISTANCE LEVEL FOR NIFTY SPOT IS 5531.60..ON FRIDAY NIFTY HAS CLOSED @ 5538.75 WHICH IS ABOVE OUR GIVEN RESISTANCE ..
CMP - 5538.75
NIFTY AHEAD : BEST BUY 5423 ( SUPPORT ) RESISTANCE @ 5493.75 ( CURRENT SUPPORT ) A BREAK ABOVE THAT TARGET IS 5722.65/5793.35 ; HOWEVER A CRACK BELOW 5402 DOWNWARDS TARGET IS 5330/5194.15/5123.45..

WE ADVICE OUR TRADER'S TO OPT WAIT & WATCH STRATEGY UNTIL NIFTY TOUCH 5424 COZ THERE MIGHT BE SOME SOUGHT OF PRICE CORRECTION DEPENDING ON THE GLOBAL MARKETS
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