iCharts Discussions

[sraj]

WORLD MARKET

American markets had given some hopes due to yesterday close, but current situation of world markets may give some nervous situation to our market in opening phase, due to this nifty spot may get support around 5216, 5195 to 5190, and 5245, 5264 may act as strong resistance, if any point of the above levels will get breaks then the move will be on the same direction with fire mode

NIFTY SPOT

If nifty spot holds the 5216 then, there will be a bright chance to further up move, continuously it has chance to move in up side up to 5244, 5263, above this level next fire move will come out with target of 5285 to 5299,

Same time if it slips 5216 then down move will start, even though 5195 to 5190 may give some strong support to nifty spot today, so if there is any down move! you can use it for long position with s/l of 5190,

Same time if nifty breaches 5190 strongly then, bright full down move will come out with target of 5140, 5040, if so you can use it for short sell with s/l of 5223 or 5245


NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5244 Target 5263, 5296 to 5299, 5320, 5335 to 339, 5374, 5385, 5400, 5423

Nifty Spot below 5216 Target 5206, 5194, 5140, 5129, 5120, 5104 to 5100, 5083, 5045

HOT SCRIPT TO WATCH

AVAYA GLOBAL CONNECT LTD (AVYAGCL)

Buy above 241 to 242 Target 257 s/l 238 for traders, 233 for swing traders
(with in 3 to 5 days view)

thanks
sraj