Wednesday, December 14, 2011

Nifty View for 15.12.2011

Nifty was resisted at 4840 on the upside today and on the downside it was supported at 4750 which is good for Nifty. 4750 is the risk management level for Nifty if any longs are to be carried forward.Any close below 4750 will be bad for Nifty.Also closing above 4833 will be positive for starts and above 4933 will try to take out 5000 again.Positional traders can look for the levels given above to take positions in Nifty.Intraday traders can trade as per levels given below.No chart today as we are in the same range of 100 points and yesterday chart levels are valid today also.
Spot Nifty levels for intra-day trade on 15.12.2011
No trade between 4747 and 4781(to avoid whipsaws)
Buy above 4781 with SL of 4761  for targets of 4799-4816(breakout  level on the upside,add positions)-4833-4851-4868-4886-4903-4921.
Sell below 4747 with SL of 4767 for targets of 4730-4712(breakdown level on the downside, add positions)-4695 -4678 -4661 -4644- 4627- 4610.
Happy Trading !
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4 comments:

  1. SUNILTDESHMUKHDecember 14, 2011 at 10:08 PM

    sir agreed with all ur levels but u r also famous for predicting future levels so bottom line which is the expiry level u r predicting for this series do comment i am eagerly waiting for ur reply today also all gann levels intact i am really surprised to c this again and again...today also r1 4830.25 r2 4847.64 r3 4865.06 r4 4882.51 r5 4900 s1 4778.26 s2 4761 s3 4743.76 s4 4726.56 s5 4709.39 initially 1st target hit r1 then came back to s1 then r2 hit again s2 hit.

    ReplyDelete
  2. Gann School of TradingDecember 14, 2011 at 11:51 PM

    Dear Doc,

    Predicting is a risky business and myself being famous for predicting may prove very nasty for my future.But sometimes I do venture those paths but need to control those things now.My views are clear now and I trade as per levels.So predicting and trading are altogether different ball games.Also in predicting you are sometimes right and most times wrong as markets moves against all predictions.Now as per astro I am expecting turn around on the upside still 4750 is the risk management level given.Please follow it strictly.Once it goes below it no longs.Above it long again.Hope I am clear about it.

    Regards

    K B Raut

    ReplyDelete
  3. SandeepDecember 15, 2011 at 9:17 AM

    You are right Sir, we sud follow the market rather than trying to lead...

    Regards

    ReplyDelete
  4. Gann School of TradingDecember 15, 2011 at 9:46 PM

    Hi San,

    Welcome back.Its true follow the markets and you will make money.

    Regards

    K B Raut

    ReplyDelete

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