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

Long call Update

50% Part Booking here @CMP 6124

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.

Fresh addtional Call

Enter Long at 6098 Stop 6075.1 Target 6137.1

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