Nifty Chart

Position : Nil [yesterday booked]

Nifty Trade Support 5976-5967 Resistance 6022-6026
Nifty Trend Support 5946-5940 Resistance 6057-6062

Analysis :
Both Daily and hourly zones are positive for indices.  Bounce back will
be possible from the supportive range.  So wait and watch to enter long
Still there is no change in the trend, only retracement bounce back will be
used to exit longs.

Support Range from various technical parameters
1. 61.8% of 6342-5700 is  @ 5946
2. Lower Lows Trend Line @ 5967
3. Elliott Wave Target Line @ 5900 [So, Supportive Range 5950-5900]

Resistance Range from various technical parameters
50.0% of 6342-5700 is @ 6022
23.6% of 5118-6342 is @ 6053 [So, Resistance Range 6010-6060]

Closing basis Support 5870 Resistance 6100

Short holders may cover around the supportive range.

Book Profit

ALMOST FIRST TARGET REACHED 6037 [low 6054], cover short

Jindal poly

Change in Group of Equity Shares of Jindal Poly Investment and Finance Company Limited

Content

In continuation to the Exchange’s Notice No. 20131107-22 dated November 07, 2013, trading members are hereby informed that trading in the equity shares of Jindal Poly Investment and Finance Company Limited (Scrip code – 536773) will be permitted under ‘B’ group and shall be transferred from trade for trade segment to rolling segment with effect from November 26, 2013.   In case the trading members require any clarification on the subject matter of the notice, they may please contact the undersigned on  Tel. No. 022 – 2272 8242.

APW President Systems

Change in the name of the company

Content

Trading Members of the Exchange are hereby informed that the under-mentioned company has advised the Exchange about the change in its name. Accordingly, the SCRIP ID and ABBREVIATED NAME for BOLT SYSTEM will be changed as follows w.e.f November 13, 2013. Scrip Code Existing Name New Name Scrip ID for BOLT System Abbreviated name on BOLT System 590033 APW President Systems Limited Schneider Electric President Systems Limited SEPSL SEPSL Trading Members may please note that the share certificates not corrected with the new name of the company will also be good delivery in the market. In case, Trading Members require any clarification on the subject matter of the Notice, they may please contact under-mentioned officials Name of the Officer Contact details Prasad Bhide 022-22728388 prasad.bhide@bseindia.com

EXIT NIFTY

EXIT NF with cost to cost

Buy Nifty

 tipssbsense (11/11/2013 11:52:00 AM): Buy NF-6146-6137 with sl 6100 for 6200+

Nifty Chart

Position : Short

First Triangle breakout target 6037.  Break even point for 180
points target is at 6220.  Closed below the major support 6150.

Option 1 rise from here up to 6250+ then down
Option 2 rise from here up to 6200+ then down
Option 3 directly towards target from here
I prefer Option 2, This is hourly chart, daily chart is still in OBZ
with negative trend.

Both 23.6% of 5700-6342 is at 6190 and positive
Break out Support [now Resistance] 6184-6193 are co-inside
so very strong resistance 6190.

TREND-ve/Momentum-ve