JAY SWAMINARAYAN 29-08-2013 :: [ For Thursday ] We said last day “ below 5300 Nifty will be traded with negative bias and above 5300 Nifty will be traded with positive bias. Open short below 5290 with stop loss 5320 for targets 5270 – 5250. Open long above 5290 with stop loss 5260 for targets 5310 – 5330. “ Nifty opened with bear gape and declined sharp towards 5100 and registered low of 5118.85 In first half. After that Nifty took support at 5120 and tried to recover the losses and succeed to do so. Nifty turned up towards our buying level and achieved our 1st upside target and registered high of 5317.70 in second half. Nifty lost 02 points ( - 0.05 % ) and closed in red. For Thursday We expect same for today, below 5300 Nifty will be traded with negative bias and above 5300 Nifty will be traded with positive bias. Open short below 5290 with stop loss 5320 for targets 5270 – 5250. Open long above 5290 with stop loss 5260 for targets 5310 – 5330. Nifty : 5285.00 , Sup : 5260 – 5240 , Res : 5300 – 5330.
Posted on: Wed, 28 Aug 2013 12:03:02 +0000
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