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Friday, February 17, 2012

NIFTY SPOT – NEAR TERM TRADING LEVELS : 17 FEB 2012

BEST BUY & SUPP @ 5086 ACTUAL RESISTANCE & BEST SHORT LEVEL 5260 (CURRENT SUPP) A BREAK ABOVE 5615 UPSIDE TGT 5824/5998 ; HOWEVER A CRACK BELOW 4826 DOWNSUDE TGT IS 4522/4348

LTP - 5572

STRATEGY :

**TRADER'S CAN SELL NIFTY KEEPING A STOP LOSS @ 5636 FOR TGT 5260 - 5086** A BREAK OUT ABOVE THE REVERSAL PIVOT 5636 RISK APPETITE TRADERS CAN TAKE LONG POSITIONS FOR TGT 5824 - 5880 , OTHER TRADERS CAN WAIT & WATCH TILL 5826 & THEN START BUILDING SHORT POSITIONS ABOVE THE TGT KEEPING A STOP LOSS 6015**

SELL ON ALL RISES ABOVE 5545 TGT 5260

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