Monday, September 14, 2009

TODAY’S PERFORMANCE
Today nifty gave no opportunity for trade and stop loss doesn’t hit.
STOCK MARKET TODAY
Nifty traded in tight range with very low volume and market breath was negative. FII’s were net sellers for only 44 crorse. Today global cues led the market. Technically in the price chart a waiting pattern was formed. Today I expected a break out, but that had not happened due to negative global cues I feel so.
STOCK MARKET TREND FOR TUESDAY
To my knowledge, news about our economy is positive for market only we have to watch for global cues for trade. Tomorrow, would global cues come positive then technically I expect a break out on upside direction. I suggest visitors to watch 4828 levels and 4780 levels for intraday trade. In addition watch for global cues and trade with strict stop loss. Let’s see what happens tomorrow.
FREE INTRADAY TIPS FOR NIFTY
Technically nifty finds good support at 4780 levels and strongly resisted at 4828 levels, so tomorrow’s trade, I suggest visitors to keep an eye on these levels and on global cues and trade with strict stop loss. Here I give levels for both buying and selling.
NIFTY
BUY ABOVE - 4828
TARGET 1 - 4854
TARGET 2 - 4900
TARGET 3 - 4946
STOP LOSS - 4803
SELL BELOW – 4780
TARGET 1 - 4762
TARGET 2 - 4720
STOP LOSS - 4803
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