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)

bseindia

Sr. No Scrip Code Existing Name New Name Scrip ID for BOLT System Abbreviated name on BOLT System 1 500254 Lloyds Steel Industries Limited Uttam Value Steels Limited UTTAMVALUE UTTAMVALUE

Profit Booking

Book 50% nifty PROFIT CMP-5843

Nifty Chart

Nifty Position : Long [+103  points]

50% of 5477-6111 is @ 4794 [Yesterdays High @ 4794.35

Previous Wave Completed High @ 5815.35

Lower Top Trend Line at 5840-5851

Intra day Trade Support 5757-5750 Resistance 5798-5807
Position Trade Support 5727-5721 Resistance 5840-5848

Previous day expectation : Above 5732 then again short covering,, Happened 5794 high and closed
5783[+50]

Expectation : Profit Booking around Trade resistance, Close above 5810 then it will touch Trend Resistance

Without risk takers should book 50% long nifty at Trade Resistance
Risk takers will hold the nifty long with sl 5750(C) [+70 points from buy price] and book profit around Trend resistance 50% [this is also with profit of 160 points]