Good Morning !! NIFTY may open flat to positive. Positive bias will be there if NIFTY trades above 6010. On the other hand staying below 5990 price may come down further to 5965/5950.
5965 was previous high, so, this level may act as support. Breaching that level will be first indication of bigger correction.
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.
Sell NIFTY below 5990 SL 6011 (5 min candle closing) Target 5970/5950
Buy NIFTY above 6010 SL 5990 (5 min canle close) Target 6030/6050
5965 was previous high, so, this level may act as support. Breaching that level will be first indication of bigger correction.
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.
Sell NIFTY below 5990 SL 6011 (5 min candle closing) Target 5970/5950
Buy NIFTY above 6010 SL 5990 (5 min canle close) Target 6030/6050
NP-SAR OF 9/1/2013: 5986
Yesterday our free stock call given decent return of Rs. 5000 with one lot.
Buy UNIONBANK above 276.50 SL 273 target 280/283
Wish you happy trading !!
Part book UNIONBANK around 280.
ReplyDeleteNIFTY first target done...
ReplyDelete