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Wednesday, December 5, 2012

Opening Bell for 5/12/12

Good Morning !!! Today NIFTY may open flat to negative but positive bias should remain for the day. 5870-5940 should be the range of nifty for the day. A decisive break below 5870 may invite fresh selling where as a decisive break above 5940 may invite fresh buying in NIFTY.

Buy NIFTY around 5890, buy more around 5870 SL 5860 (hourly closing basis) target 5910/5925/5940

Sell NIFTY blow 5860 with SL of 5880 (hourly closing basis)  target 5840/5825/5805

Positional players should book part profit around 5910-5930 keep SL of remaining position at 5800 ( daily closing basis).

We are requesting our reader to keep track of NIFTY Pulse page in Facebook for free calls.

Wish you happy trading !!


NP-SAR of NIFTY : 5801



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