Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Jun 7, 2012
Jun 6, 2012
Nifty Analysis for 07 June 2012
- Nifty month chart shows support at 4530 levels.
- Nifty have good support between 4700 - 4800 level. Trading below 4700 should give 4530 levels.
- High Probability EOW for Wave 5 got completed.Now Correction terminates.
- Daily and Weekly Trend is up above 4919
- Support are 4965 -4920-4890-4863
- Resistances are (5020-5040)-(5090-5120)-5180
- Terminates all long position if market trade below 4900
Jun 5, 2012
Nifty Analysis for 06 June 2012
- Nifty month chart shows support at 4530 levels.
- Nifty have good support between 4700 - 4800 level. Trading below 4700 should give 4530 levels. See Hourly Candle Chart for Support level.
- Daily is getting support at 78.6% Fib level. Broken golden ratio will act as immediate resistance level.
- 4800 remain good buying area for short term gain.
- High Probability EOW for Wave 5 got completed.
Subscribe to:
Posts (Atom)