JAY SWAMINARAYAN 08-10-2013 :: [ For Tuesday ] We said last day “ below 5930 Nifty will be traded with negative bias and above 5930 Nifty will be traded with positive bias. Open short below 5910 with stop loss 5940 for targets 5890 – 5870. Open long above 5910 with stop loss 5880 for targets 5930 – 5950. “ Nifty opened negative and traded expected. In first half Nifty declined sharp towards 5800 and registered low of 5825.85. After that Nifty tried to recover the losses and succeeded to do so. Nifty registered high of 5912.00 in second half. Nifty lost only 01 points (- 0.02 % ) and closed in red. For Tuesday We expect same, below 5930 Nifty will be traded with negative bias and above 5930 Nifty will be traded with positive bias. Open short below 5910 with stop loss 5940 for targets 5890 – 5870. Open long above 5910 with stop loss 5880 for targets 5930 – 5950. Nifty : 5906.15 , Sup : 5890 – 5870 , Res : 5930 – 5960.
Posted on: Mon, 07 Oct 2013 10:24:34 +0000
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