Friday, October 11, 2013
Nifty Spot
Nifty will try to challenge 6142 spot by Monday & hence buy in dips is quite good option.
Nifty Future Longs Update
Update stop Loss to 6114 and continue holding the remaining 50% preferably till EOD.
Patience Game
This patience game with remaining 50% longs may yield results towards EOD. IIP Number Push may be there, expected today evening. Update Stop Loss to 6101
Intraday Post
As mentioned Nifty Dealing the Hard Nut between 6115-6121 - Stiff Resistance. Bias is Up. Good IIP can be another selling opportunity.
Market at crutial Juncture
Market at critical juncture and looking quite Bullish. X-wave assumption will fail if Nifty makes a New all Time High & triangle completion at August, 2013 Low will be in contention.
Currently we need to see 6142.5 and whether Nifty is able to cross it by Monday i.e 14th Oct, 2013.
We have to alter the charts thereafter in each of the cases.
Currently we need to see 6142.5 and whether Nifty is able to cross it by Monday i.e 14th Oct, 2013.
We have to alter the charts thereafter in each of the cases.
Twin Calls Nifty Future
1) Enter Long at 6056 Also at 6042 Stop Loss 6025
2) Enter SHORT @ 6114.9 S/L 6137.9 Target 6075.9
2) Enter SHORT @ 6114.9 S/L 6137.9 Target 6075.9
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