Tuesday, April 23, 2013

Nifty

Position : Long / Partly Profit Booked.

Nifty Intra Trading Support 5812-5807 Resistance 5846-5853
Nifty Position Trend Support 5752-5748 Resistance 5869-5879

As per yesterday's recommendation we booked 50% of the nifty long around the High of the Day.
Exactly nifty down from there.

6111-5477 swing's 61.8% is at 5869
Lower Top trend line at 5850

Previous Day Expectation : Close above 5810, then target 5840-5850 [yesterday's high 5844], closed at 5834

Expectation : Sideways

Suggestion : Hold long with sl 5800 (C)

Print this post

No comments: