JAY SWAMINARAYAN 25-07-2013 :: [ For Thursday ] We said last day “ below 6070 Nifty will be traded with negative bias and above 6070 Nifty will be traded with positive bias. Open short below 6080 with stop loss 6110 for targets 6060 – 6040. Open long above 6080 with stop loss 6050 for targets 6100 – 6120. “ Nifty opened with gape down and traded expected. In first half Nifty registered high of 6047.25 than turned back and declined sharp towards 5960. Nifty traded in red zone all the day and registered low of 5962.60 in second half. Nifty lost 87 points ( - 1.46 % ) and closed in red. For Thursday We expect now, below 5980 Nifty will be traded with negative bias and above 5980 Nifty will be traded with positive bias. Open short below 5990 with stop loss 6020 for targets 5970 – 5950. Open long above 5990 with stop loss 5960 for targets 6010 – 6030. We expect volatility to remains in the market on account of F&O expiry. So be cautious and trade carefully. Nifty : 5990.50 , Sup : 5980 – 5960 , Res : 6020 – 6050.
Posted on: Wed, 24 Jul 2013 17:13:39 +0000
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