Another low for Rupee against US Dollar made Nifty closed at 4835.65 with modest loss of 24.85 points. As said earlier, Trend is still down and we may take it as reversal only if Nifty cross atleast 4970 with volume.
For today, WATCH 4830-4832 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4850/4882 AND EVEN 4910 ON THE UP SIDE WHEREAS BREAKING 4830, NIFTY MAY HIT 4810/4780 ON THE DOWNSIDE.
For today, WATCH 4830-4832 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4850/4882 AND EVEN 4910 ON THE UP SIDE WHEREAS BREAKING 4830, NIFTY MAY HIT 4810/4780 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4700 put and 5000 calls. However, as of now 4780/4800 may act as support and 4970/5000 may act as resistance.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. - 'HAPPY TRADING'.
