Thursday, May 02, 2013

Nifty


Position : Long[+250] / 50% - Booked[160]

From 11th December,2012 Nifty maintained the resistance around 5965-5971

If close below 5888 then nifty will try touch 5800 [lower top trend line]

Nifty Intra Trading Support 5900-5888 Resistance 5967-5971
Nifty Position Trend Support 5869-5860 Resistance 6026-6050

6111-5477 swing's 61.8% is at 5869

Expectation : Sideways

Suggestion : Hold long with sl 5800 (C)

Without Risk takers stop loss 5888 [+208]
With Risk takers stop loss 5800 [+120]

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