Stop Gambling Start Investing

SMALL ATTEMPT TO LOOK IN TO THE FUTURE.... DO YOU KNOW WHAT IS GOING TO HAPPEN TODAY & TOMORROW? WHAT WILL HAPPEN IN MARKET BEFORE A DAY, A WEEK OR A MONTH?NIFTY TODAY TOMORROW IS ACTUALLY AN ATTEMPT TO BECOME PROFITABLE VENTURE. TODAY’S PROFITABLE TRADING IS MUCH EASIER AFTER KNOWING TOMORROW’S TREND. SAME TIME IT BECOMES A NIGHTMARE TO TRADE WITHOUT KNOWING TOMORROW’S TREND.

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Thursday, April 7, 2011

Market Mirror 8'th April 2011

Nifty closes 5880 level today. market saw range bound trading on 7'th April. Nifty took support at 5870 level. Nifty finds difficult to cross 5900. Nifty will open positive & trade positive till European market opens. Nifty will find difficult to cross 5920 tomorrow. If nifty trades below 5900 then Nifty has support for 5880,5850. Trader should cut long below 5780. nifty may test support 5835. Nifty will close negative at 5850.Yesterday we told to short reliance future at 1050 with a stop-loss 1063. Trader can continue short as it is closed at 1044. Friday Trader can get Reliance at 1035 level. Trader can book profit at 1035 level.
Sectorial Impact..............
  • Nifty opens positive till European market opens, Nifty will face resistance around 5900,5920 level. 
  • Nifty closes negative. Nifty may loose 50 points from intra day Highs. Nifty may loose 25 to 40 points on closing basis.
  • After initial buying selling can emerge in Nifty & Tata steel & Reliance.
  • DLF & HDIL may see profit taking.
  • Telecom & Software shares may see Selling....
  • Trader can continue short in Reliance future with stop-loss of 1063. 
Tata Steel ADVANCE SCIENTIFIC Chart 8'th April 2011:-
(Forecasting to happen during Trading Hours)
Stop Gambling & Start Investing…..
Nishant Jani
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