Nifty trend

[Capricorn]

NIfty spot running out of steam over 5480. If it does so it should be 5530-5570. Supports at 5460-5440.

 

[Capricorn]

Lot's of talk of H & S in the US indices...on T.V.

 

[Capricorn]

Speaking of our own, We have a rising wedge pointed out earlier ant the upper trend line stands at about 5530 our 1st target.

 

[simple_trader]

NF support for today around 5445. Weekly resistance in the range of 5500-5510. In case, first a few hours can not take out 5500 NF, then I expect NF to test 5445 today. In case we break below 5445 around, then can not rule out sharp fall.

I am personally expecting NF to open 5475 around. If NF needs to show 5300 before expiry (which I think possible still), then today would be critical day to decide.

Happy Trading!

 

[Capricorn]

http://economictimes.indiatimes.com/articleshow/6333952.cms

Naach meri bulbul to paisa milegaa...:lol:

 

[Capricorn]

Another moronic and myopic SEBI move...

http://economictimes.indiatimes.com...tives-by-mutual-funds/articleshow/6333707.cms

As it is we don't have market makers for options, why don't they ban F&O period.

Let's go back to the badla era and the bucket shops.

 

[simple_trader]

If I am not wrong USA has job data today.

 

[Capricorn]

5530 is here...5570 at close????

 

[praveen taneja]

5530 is here...5570 at close????

after 5521 next resistence would be 5555 and not easy to break today and 5656 not easy to break in August

 

[rajeabc]

after 5521 next resistence would be 5555 and not easy to break today and 5656 not easy to break in August

Sirji , you must be scaring bears on this board when you talk about 5656...
I am with you and have been saying that expiry will happen above 5500..
Anyway I have stop loss if it goes against my position.