RESISTANCE:- 5969.11, 5994.13, 6034.31
SUPPORT:- 5903.91, 5863.73, 5838.71
MOVEMENT OF NIFTY SPOT FROM 08 DEC 2010 TO 14 DEC 2010
IF WE SEE THE MOVEMENT OF NIFTY SPOT FROM 08 DEC 2010 TO 14 DEC 2010. ITS CLEARLY INDICATES THAT MARKET IS RECOVERING VERY SMARTLY AFTER HUGE BLOODY SESSION. "ON 07 DEC 2010 NIFTY SPOT WAS @ 5976.55 & ON 09 DEC 2010 IT WAS @ 5766.50. SO WITH IN THREE DAYS IT BECAME DOWN -210.05 POINTS. ON 14 DEC 2010 IT CLOSED @ 5944.10, MEANS +177.60 RECOVERED WITH IN 3 TRADING SESSION( FROM 10, 13 & 14 DEC 2010) AND +32.45 POINTS ARE REMAINING TO RECOVER."
AS I SAID THAT ON 12 DEC 2010 THAT NIFTY IS IN UNDER HUGE VOLATILITY. I SUGGESTED THAT IF NIFTY SPOT BREAKS 5750 THEN IT CAN GO UP TO 5600, BUT NIFTY SPOT DID NOT BREAK IT AND RECOVERING VERY SMARTLY. WE SAW NIFTY DID NOT ALSO BREAK THE LAST FOUR MONTHS SUPPORT THAT IS 5720, NIFTY MADE THE LOW OF 5721.10, FROM THIS LEVEL IT RECOVERED SMARTLY . I HAD ALSO SUGGESTED THAT IN CASE NIFTY DOES NOT BREAK 5750, THEN IT CAN GO UP TO 6100 IN COMING DAYS. SO IT IS HAPPENING WHAT I HAD SAID.
ENJOY THIS TREND AND CARRY THE LONG NIFTY 6100 CALL JAN EXPIRY @ RS. 75 WITH STOP LOSS RS. 50, RECOMMENDED ON 12 DEC 2010, CURRENT MARKET PRICE ON 14 DEC 2010 IS RS. 103.90.
AND, LONG NIFTY 5600 PUT JAN EXPIRY RECOMMENDED @ RS. 60 - 80 (ACCORDING TO RISK LEVEL), STOP LOSS RS. 40 ON 12 DEC 2010.CURRENT MARKET PRICE RS. 56.65 ON 14 DEC 2010. CARRY ALSO THIS POSITION TILL STOP LOSS TO BE ON SAFE SIDE.
No comments:
Post a Comment