Nifty futures above the pivot of 5747 showed acceleration for the trend and gave a all time high expiry for this year. Nifty futures into uncharted territory for this year is pleasing for those with patience all along the way up. The expiry for November at 5825 is a fact for some it may be still unbelievable Now lets us look forward to the next series. The monthly pivot for December 2012 is at 5821 on the futures. The monthly resistance on the upside are 5898 and 5975. The monthly support on the downside are 5747 and 5673. The short term resistance are at 5859-5895 and supports are at 5821-5783. The ideal target could be 5922-5950 levels which would be stiff resistance on the upside and wellworth looking at as and when we approach it. So follow the levels to profit with the trend. Intraday traders can look at the levels on spot nifty given below to trade on Friday.
No trade between 5806 and 5844(To avoid whipsaws)
Buy above 5844 sl of 5824
targets 5863-5882(add positions, breakout on the upside),
5901-5920-5939-5958-5977.
Sell below 5806 sl of 5826
targets 5787-5768(add positions,breakout on the downside)
5749-5730-5711-5692-5673.
Happy Trading !!!
amazing stuff wednesday n thursday beyond imagination
ReplyDeleteHi,
ReplyDeleteThings change fast when they are due for.....lol..
Regards
K B Raut