Tuesday, October 22, 2013

spinning top spotted at eod Nifty chart

spinning top /long legged doji /hanging man spotted at eod double top of Nifty spot  …if it is  double top then minimum fall  will be 350 points if move up then market will move towards all time high ….


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Negative to gap down opening is expected  with possibility of profit booking at higher levels …nifty  /market to be trade in pressure as 2 days up move was due to short covering only and there were  no fresh longs initiated   if market moves up means golden opportunity to initiate short  …keep booking profits also to en-cash each swing of market move …

Trade in Nifty futures as per these levels

Buy at / above: 6226   Targets: 6239 – 6259 – 6277 – 6297
Stoploss : 6206
Sell at / below: 6206   Targets: 6183 – 6162 – 6143 – 6126-6091
Stoploss : 6226

Nifty  bank nifty and  natural gas trades  …calls and charts are posted here  http://dhanvarsha.in/nifty-bank-nifty-natural-gas-trades/

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bank nifty is  trading at pivot and falling trend line ….crucial  level either side break of 500 to 700 bn points within 10 days can not be ruled out



spinning top spotted at eod Nifty chart

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