Nifty - Trade Intraday

[paras_123]

no positions now for me.
booked 20 points morning and lost 6 points.
We'll take trade tomorrow now

 

[paras_123]

Looking at the closing picture. to go up is possible and resistance at 5262-5265 level, clearing it and trading above will be good, 5100 remains a support for today.
closing below would be reversal for bears below 5100. bull run started, now waiting for markets to open....

1. Rakesh Jhunjhunwala's Rare Enterprises bought 25 lakh shares of the company at Rs 30.77 a share on BSE yesterday .....


Check KFA would be very significant....

For Nifty sucess - check SBIN, RELIANCE, INFY, BHEL, ITC, TATA MOTORS, LT
its like this, when we are in uptrend, all these stocks won't fly up straight way.
momentum would be significant in these stocks one by one, one rally and consolidate , by that time other start rally and so on..... pick up the trend and then see

 

[paras_123]

5243 Perfect, trading above it is good in nifty....
we seems like trending upwards,
next targets for today remains at 5269-75 and then 5315-5345 as targets.

 

[paras_123]

5217 hlds support here, after which 5210 comes in picture.


Stay out as long as it wont clears 5243 in nifty for long position, for today's buying opportunity .
Avoid shorts today.

 

[paras_123]

seeing 5217 remains in the picture,
only thing would be interesting to see volume in the direction. if at any point it wont look like trending no positions would be initiated

 

[paras_123]

5260-5264 huge resistance.
selling can be done here with 5238 as Stop Loss.
today s support at 5200 and then 5190 and 5182

 

[paras_123]

sold at 5228

 

[paras_123]

sl revised to 5228

 

[paras_123]

booked 12 points as first profit. sold 50% Portfolio
Market is slow.
Sl as selling point 5228

 

[paras_123]

sell here at 5170. target 5152, 5140.
book profits as arises
sell here