Today no chart to show as the chart shown for friday is valid.The extra trading session was boring and devoid of any volume so it does not warrant any comments.Spot Nifty range of 4700-4800 is range bound and 4750 is the level to watch for intraday trades.Positional traders can follow earlier chart with various trading zones shown on them.Intraday traders can use the levels given below for trading on spot nifty for 09.01.2012.
Spot Nifty levels for intra-day trade on 09.01.2012
No trade between 4730 and 4764(to avoid whipsaws)
Buy above 4764 with SL of 4744
for targets of 4781-4798(breakout level on the upside,add positions) 4815-4832-4849-4866-4883-4900.
No trade between 4730 and 4764(to avoid whipsaws)
Buy above 4764 with SL of 4744
for targets of 4781-4798(breakout level on the upside,add positions) 4815-4832-4849-4866-4883-4900.
Sell below 4730 with SL of 4750
for targets of 4713-4696(breakdown level on downside, add positions)-4679 -4662-4645- 4628- 4611-4594.
Happy Trading !
for targets of 4713-4696(breakdown level on downside, add positions)-4679 -4662-4645- 4628- 4611-4594.
Happy Trading !
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