Friday, May 03, 2013

Nifty


Position : Long 5680[+319] / 50% - Booked 5840[+160]

Nifty Breached the 11th December,2012 Resistance 5971 and Closed above..

Nifty Intra Day Trading Support 5971-5967 Resistance 6026-6033
Nifty Position Trend Support 5933-5928 Resistance 6075-6081

Expectation : Sideways with Sector wise rotation to hold NIFTY longs, 6045 is the crucial point for further up move.  If close above that then Target 6102-6127-6160. Wait and watch.

Suggestion : Hold long with sl 5900 (C)

Without Risk takers stop loss 5970 [+290]
With Risk takers stop loss 5900 [+220]

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