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Sunday, November 16, 2008

NIFTY LEVELS WITH CHART

Nifty intraday chart shows easy trades for comming days. if you look at the attached chart, 2752 is the 50% level of the entire upmove, also it has the trendline there. so this means, that a closing below 2752 would take nifty to 2630 levels, and if that breaks, thn new low for the year. now looking at the way nifty is forming a cluster(support) around 2770 levels, in case we hold 2752 and cross 2874, one can go long with SL 2750 for tgt of 3026, where we will again short heavily. keep this chart handy as this is gonna be very important for trades in comming 1-2 weeks. (60min intraday chart attached, All fut levels)




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