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Monday, October 20, 2008
Nifty Update
Open-3,269.05
High-3,335.95
Low-3,046.60
Close-3,074.35
We told you all that nifty can show some recovery,but dont get trapped in that rise,use the rise only for profit booking....
http://www.orkut.co.in/Main#CommMsgs.aspx?cmm=50012908&tid=5235445312909209823&na=2&nst=107
and see the resulr,nifty made high of 3335 and went back to show low of 3046.....On upside we gave resitance at 3350 and nifty reverted back from3335,and onlowerside we gave support at 3030 and nifty made low of 3046.....this is the accuracy we provide!!!!
Even in this volatile market our accuracy is 100% intact.
If 3030 level is breached on nifty,get ready for downside till 2960-2870 in coming days. However if this level is not breached,we can see a short upside,but again i am saying that dont get trapped in this rise,as this rise wont be stable and market will tank again. Lower levels on nifty are 2870-2640-2445. We can see these levels on nifty in coming time. So every rise is an opportunity to exit from longs and buy again at dips.
Dont leverage positions if you are not aware of the market condition,as trading in this market is just like playing with knifes. So better trade on someone's advice,dont trade without any advice, else hard earned money will be lost!!
Nifty levels for 20-24October
Nifty levels-
Support- 3030-2960-2870-2640-2445
Resistance-3140-3210-3260-3350-3405
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