Nifty

Total position 1000 Nifty long from 5680

Position : Without Risk takers  - Nil
                Booked 50%  @ 5970[+290] / Booked 50% 5840[+160]
                Profit : 1st Stage 500 @  5840 - Rs.80,000
                Profit : 2nd Stage 500 @ 5970 - Rs.1,45,000 -
                Total Rs.2,25,000.

Position : With Risk takers - Long 500 - 6069[according to CMP, +389 points]
               Profit : 1st Stage 500 @  5840 - Rs.80,000
               Open 500  = Rs.80,000 + 500 Open long with sl 6000
               [Rs.(Entry 5680-sl 6000)*open 500=1,60,000] - Total - Rs.2,40,000.

9th May 2013 
Nifty Trade Support Range 6043-6029
                   Resistance Range 6080-6087
Nifty Trend Support Range 6013-6000
                   Resistance Range 6102-6110

Yesterdays Level : 
Nifty Intra Day Trading Support 5990-5983
                        Resistance 6080-6087         - Result [EXACT High 6083]
Nifty Position   Trend Support 5970-5963
                        Resistance 6102-6110

Expectation on 6th May 2013 : 6045 is the crucial point for further up
move up to 6102-6127-6160. Wait and watch.
Result : Yesterday Close above 6043 and Towards Target.

Technical Details : Lower top trend line from 6338-6111 is at 6080-6087,
                             Lower top trend line from 6357-6338 is at 6330-6340,
161.8% of the Swing 4531-5629 is at 6309.
Nifty close above 5928 (127.2% of the same swing )

Suggestion : Hold long with sl 6000 (C)

Print this post