Nifty opened today with a gap up and went one way up in the closing hour to close at 5199.25.We have not made a new high yet and could be termed as double top.But no clear signals to short yet.We are cross-roads on spot nifty.The first chart show the zone of faster retracement i.e. from 5215 to 5315.We have had two gaps in the said zone.If we open gap up again tomorrow then we may try to reach 5315.The second chart show the zone on chart and RSI marked yesterday.We did not get the opportunity to short as RSI took support at 60 level and bounced from there.We may get a clear opportunity soon till then no commitments and play safe.The month of February has many astrological events occuring simultaneously and it will swing wildly on both sides.So work with strict stop loss and keep intraday view till 10 February(particularly 3rd Feb).Positional traders may get trapped so be careful.Intraday traders can look at the levels on spot nifty to trade on 01.02.2012.
Spot Nifty levels for intra-day trade on 01.02.2012
No trade between 5181 and 5217(to avoid whipsaws)
Buy above 5217 with SL of 5197
for targets of 5235-5257(breakout level on the upside,add positions) 5272-5290-5308-5326-5344-5363.
No trade between 5181 and 5217(to avoid whipsaws)
Buy above 5217 with SL of 5197
for targets of 5235-5257(breakout level on the upside,add positions) 5272-5290-5308-5326-5344-5363.
Sell below 5181 with SL of 5201
for targets of 5163-5145(breakdown level on downside, add positions)-5127 -5109-5091-5074- 5056- 5038.
Happy Trading !
for targets of 5163-5145(breakdown level on downside, add positions)-5127 -5109-5091-5074- 5056- 5038.
nice to c u adding astrology in ur blog again after many days ....nice one ....someone from a big firm will heir u soon......just do not forget ur old friends .........AMIN
ReplyDeleteHi Doc,
ReplyDeleteThanks for your kind words.I prefer this blog and be independent.Love interaction with my fellow readers/traders and in the same way learn the trade through discussions with them.Keep visiting!!!
Regards
K B Raut
Hi KBR:
ReplyDeleteWat is astrological significance of February 3 as mentioned by you.
regards
Vinod
Hi VK,
ReplyDeleteThe astrological significance needs a astrological base to understand for that the knowledge of astrology is essential.This things I cover in my astrological course.
Regards
K B Raut