Sunday, August 28, 2011

NIFTY ACTION ZONE IN SEPTEMBER SERIES




  
 Nifty Range for September Expiry looks to be a broader range between 5320 to 4295 as 4800 level is the battle line of war between the Bears and Bulls.Last month the the bears have drawn blood and bulls will be waiting to get back at them.
The levels to watch are :

Above 4800 level (bullish view) :

           4933 - 5060 - 5187 - 5317 
Below 4800 level(bearish view ) :
           4679 - 4552 - 4425 - 4296 


This week being the trend deciding week advise to short term traders is to keep intraday view only with strict stop losses.Let Nifty decide the trend and then one has to simply follow(ride) the trend.
Happy trading to all.
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