iCharts Discussions

[sraj]

WORLD MARKET

As we expect some days b4! American index Dow Jones walking towards 10900, as of current status of world markets, our nifty spot will have the resistance around 5301, 5320, 5340, 5375, 5390, and 5259 may act as good support range,

NIFTY SPOT

As we expect b4 our market coming back from 5170 to 5160 range, today if nifty spot breaks 5270 then it will try to move up, even though 5301 may give some resistance, above this point, if nifty move with strength full volume then we may expect 5375 to 5390 as next target, even though 5320, 5340 may have the mild rights to give some resistance to nifty spot as per technical rules,

Same as if nifty spot breaches 5270 then we will conform the bear mode, even though more conformation will come out only below 5259, generally our market is moving direction less, but expect some big thing will happen in our market soon! after that we will find the clear direction, means a big up move or a big down move may come in a single day soon, after that a clear path will come out, until the same volatile and flat market will go on

NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5270 Target 5285, 5301, 5315 to 5320, 5340 to 5344, 5359 to 5362,5383, 5407, 5417, 5443, 5512

Nifty Spot below 5259 Target 5239, 5222, 5200, 5148, 5054

SCRIPT TO WATCH FOR

RCOM

Buy above 186.5 Target 196, 198, s/l 176 (positional call 5 to 10 days)

Thanks
sraj