Nifty : Real time discussions...!

[brightstar]

Current Nifty spot level 4846 at EOD 19.08.2011

Nifty has taken support at 200 Weekly MA of 4836. It seems to be unlikely it will fall below dis level at d moment. But in case if it falls, the fall will be deep and painful all d way till 4720 and next possible target is 4442-4300. I believe Nifty will test resistance of 5200 before the next fall.

I suggest buying Nifty at present level of 4846 for 5100-5200 with SL of 4820.
Sell Nifty below 4800 for 4720-4667 SL of 4840.

Happy trading

 

[bornfree]

waiting for your response!

 

[bornfree]

I'll explain it later during my free time!

waiting for the explanation

 

[sihasan]

Hi Linkon,

Did you take the fib from 5442 to 5030 because you saw consolidation region? Because the high is above 5600 levels, so shouldn't we take fib from there?

hosting images

tgt 2 is 161% extension, 4775 now... sl remains at today's high 5070

 

[.Pride.]

today's trade

 

[PGDIMES]

Have anybody noticed this sudden huge volume in RIL futures in the last 5 min or is it only available in my ODIN???!!!

 

[.Pride.]

yeah I got a huge spike in volume at 10:19...screwed up the scaling of my volume panel

 

[PGDIMES]

again sudden good volume in NF @ 10:57... Ye kya ho raha hai!!!

 

[praveen taneja]

PUT Writing ???????????????????????

 

[sihasan]

There is a slight increase in 4900 puts, but its reducing at almost all other levels