Trading with PT style

[praveen taneja]

Unitech Wireless to Launch Mobile Services Friday
Unitech Wireless Ltd. will Friday start mobile telephony services in India, intensifying competition in the world’s fastest growing telecommunications market by number of users.

The joint venture between Indian real estate company Unitech Ltd. and Norwegian telecom giant Telenor ASA has licenses to operate in India’s all 22 telecom service areas.

 

[praveen taneja]

US markets ended flat. Europe ended flat too. Asia has opened a higher note. Expect Indian Markets to open positive. The crucial support for the Nifty is at 5100 and resistance at 5166-5250

 

[praveen taneja]

Investors should book part profit at around 5,200 levels: Alex Mathews
The market is in a consolidation mode as so it will be very difficult for Nifty to break above 5,214 levels. So investors should book part profit at around 5,200 levels. For Nifty the major resistance is there at 5,214,“ said Alex Mathews head, research centre – Geojit BNP Paribas Financial Services while commenting on the market outlook.

 

[praveen taneja]

Asian Markets
Asian shares trading mixed on Friday.

Nikkei Stock Average 225 up 27.33 points at 10,005.00.
Hang Seng Index down 112.94 points at 22,440.93.
KOSPI Index up 0.82 pct at 1,628.31.
Shanghai Composite Index up 0.92 pct at 3,294.72.

 

[aditya14]

Anyone tell me the significance of SGXNIFTY as volumes are laughable.Why does this have a bearing on opening of our market then?

800 contracts traded today so far....

 

[praveen taneja]

Anyone tell me the significance of SGXNIFTY as volumes are laughable.Why does this have a bearing on opening of our market then?

800 contracts traded today so far....

just to make sentiment opposite of here trade or u can sake big players make sentiment where they want them to b and I am too clever standing in middle will follow them whereever they go but not like dog (VODAFONE) but like a lion:lol:

 

[praveen taneja]

Yesterday Nifty Kissed 5192 and crashed down, Not able to cross 5208 Now Nifty to take Support at 5112--5100--5085 --5066 below 5069 for 5Mins will creat panic in market and will kiss 5050--5032in Minutes Only!!! and Nifty to face Resistance at 5141--5160--5170!!!!

 

[praveen taneja]

5115 trend decider for todays intraday trade. Uptrend to resume above 5142 - 5163. Trading above 5163 with buy volumes needed for further uptrend. Above 5163 further target of 5182 - 5201 not ruled out. Sustaining above 5200 will take nifty to 5219 - 5238. Immediate support below 5115 is placed at 5090 - 5067 - 5044. Have a nice trading session.

 

[praveen taneja]

Life is full of questions and answers. The problem is we search for the answer without understanding the question.
GOOD MORNING & have a nice trading day

 

[Capricorn]

Reliance pe bhi nazar rakho Praveen bhai....