Today Nifty intraday updates were provided for blog readers.I hope those who were online and could find time to login here should have benefited with atleast 50 points on the Nifty.We are back to yesterday's close so nothing new to write.On the hourly chart the trend is down as we are below the 20 day moving average of 5312.80.
+BB3 = 5396.6(R3), +BB2 = 5368.80(R2), +BB1 = 5340.80(R1) , 20 Day mov. avg = 5312.80(Pivot above it positive)
-BB1 = 5289.40 (S1), -BB2 = 5256.70(S2), -BB3 = 5228.70(S3).
Spot Nifty levels for intra-day trade on 03.11.2011
No trade between 5240 and 5277(to avoid whipsaws)
Buy above 5277 with SL of 5257 for targets of 5295-5313-5331-5349
Sell below 5240 with SL of 5260 for targets of 5222-5204-5186-5168
Happy Trading !
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