Good Morning !! Yesterday, in our opening bell we observed, "First hour we may see some range bound moves before breaking out in either direction. It is highly probable that NIFTY may break yesterday's low." Nifty exactly moved as per our opening bell.
Today, NIFTY may open flat to positive. Two scenarios are possible.
1. After opening, NIFTY may resist at 5985-5995 zone and fall again to the level of 5940-5950 before a final pullback around 5960-5970 level.
2. After opening positive NIFTY may fill opening gap and move within 20-25 points range.
It is highly probable that we may see 5940-5950 level which would be good buying zone with small SL.
Today, NIFTY may open flat to positive. Two scenarios are possible.
1. After opening, NIFTY may resist at 5985-5995 zone and fall again to the level of 5940-5950 before a final pullback around 5960-5970 level.
2. After opening positive NIFTY may fill opening gap and move within 20-25 points range.
It is highly probable that we may see 5940-5950 level which would be good buying zone with small SL.
NP-SAR of 10/01/2013: 5986
Buy :ULTRACEMCO above 1970 SL 1957 target 1985/2000 and above.
Wish you happy trading !!!
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