Thursday, March 31, 2011

Intraday Sure Tips

As finally Nifty breake out in trading range 5600 and closed at 5654 but still trading below 200 DMA ,but trading above 50 DMA. However, more positive pattern would confirm if the Intraday Nifty closed decisively above 5700 level. On the other hand, in weekly chart, Stochastic and RSI are positive which suggest continuation of the up move. On the higher decisively crossover 5690-5700 range will test 5800-5850-5875, on the flip side , on the flip side, if unable to cross 5700 leve, may test 5550-5470 in near term. Now time to watchful of their long position as long as trade below 5700. 

After positive opening in Intraday Nifty was showing range bound situation. Its try to go 5800, but close below 5800. Above that we can see more upside. Now the important level to watch out for today intraday working resistance is 5801-5840. And support is 5753.
Trend decider of this Week - 5557
Resistance - 5765-5875
Support - 5446-5238

On the last week more than 900 points rally were saw and resulted almost closed near to 200 DMA. However Index has managed to closed above their resistance level, however clear path will be available, if cross successful 18950 with volume. Once this cross this level, first target 19000, then heading towards 19500-19650 in near term. If unable to cross resistance zone like 18950-19000 will mean that the bears are still holding their position. Above bear will cover their short and likely play for long side. 

After positive opening in the sensex was showing very good strength on positive side. It's tries to MR-19343 level but not maintains and closes below that level. Above that level more bullishness in the market. Now the important level to watch out for today intraday working resistance is 19343-19587. And support is 19178-19000.
Trend decider of this Week - 18490
Resistance - 19185-19555
Support - 18119-17423

Above 115 very hot...
Last and final resistance exit 130,
Thereafter power full up move. 

Finally cross and closed 168 with heavy volume
Time to buy........and hold...............
Target 194.....
61.8@ retracement likely. 

We are in a buying mode above 2615
More added above 2800
And time to more added above 2875.
For target 2971-3189
We bought Call Option.
2800 @ 10 (two days before) Yesterday High 74.
2700 @ 30 yesterday high 170 

Ready to move.....
But think to buy only above
If cross ............

Strong based build up at lower level.
Which indicate big move in next series...
Close above 620 - real move.
We are accumulating... Call Option
Strike Price........

No .......IF and BUT
Above 469.. blind game of this counter
For target .............

Above 1000 bull favour
Above 1050 more added your long side
For target 1135........
No of times written in our paid News Letter 

Near to strong resistance...
Once crossover and stay with volume
Target 1150-1170...

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