iCharts Discussions

[sraj]

WORLD MARKET

Current situation of world index are in nervous and volatile stage, this nervous and volatile will reflect in our market too, based on this nifty has strong resistance around 5287 to 5298, and 5219 may act as good support,

NIFTY SPOT

Today if nifty spot breaks 5258 then further up move will go on, even though there may be some nervous move around 5287 to 5298, above this level nifty will try to move towards 5350++, same as if it breaches 5237 then it will try for further down move, but only below 5219 we will see more power full down fall up to 5170 to 5160,

If it breaches 5170 to 5160 levels, again down fall may come towards 5120, and this level is very important support zone for nifty spot, if it breaches strongly, then straight away down side target will be at 5010 to 4960,

WHAT IS THE REASON I AM TELLING THIS:-

In Last two trading session, our market had a very good opportunity to move up! up to 5350 to 5400, but it did not, this is like leaving the easiest catch, if it continues then match will be end with defeat, believing of these players we can't make any match fixing as India will win in cricket , so better to be safe in your profit, always be fast with your profit, if you want more!? please maintain the appropriate s/l,

So important points to watch for further down fall is - 5219, 5160 to 5170, 5120, 5010, 4960,

same as for further up move - 5287 to 5298, 5312 on close


NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5258 Target 5269, 5281, 5287, 5297.5, 5310, 5322, 5356, 5369, 5387

Nifty Spot below 5237 Target 5230, 5219, 5209, 5192, 5179, 5160, 5148, 5121, 5091, 5081, 5040, 5010, 4960


HOT SCRIPT TO WATCH

SUZLON

Buy above 97.2, Target 108, 113, s/l 94.9

Or

Sell around 95.8 to 97 Target 92.5, 85.4 s/l 97.5

Thanks
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