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Tuesday, December 4, 2012

Opening Bell for 4/12/12

Good Morning !!!

Today NIFTY may open flat to negative. A decisive break below 5850 (SPOT) may invite fresh sell in NIFTY; on the other hand staying above 5850 (SPOT), NIFTY may target 5910/5930 and above.

Those are long in NIFTY as per our suggestion (posted on Opening Bell of 03/12/12) may stay long with SL of 5850 (hourly closing).

Short NIFTY below 5850 (hourly closing) SL 5870 target 5830/5810/5785

Positional traders may buy dips till 5780 taken out closing basis.

From today onwards, we'll provide NIFTY PULSE SAR Level (NPSAR) for positional trading guide.




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