Nifty Future closed 6225 on 18'th Nov 2013 up by 137 points. I request my readers to read our weekly prediction carefully (Posted on Saturday 16'th Nov). Yesterday's positive closing was expected by us (Written 16'th & 18'th Nov). SGX NIFTY is trading +4 points Up at 6229. American market closed flat to Negative & Asian Market trading Mixed. Reliance will find difficult to cross its monthly high of 910-20 price. Tatasteel will find resistance between 393 to 407. We carry positional long in Tatasteel from 12'th Nov at price 350, All should book Profits (getting +40 profit). New long only above 407. Nifty find resistance between 6250,6270 levels. Profit booking appear at every higher price. However at every lower level buying will be there. We expect Nifty to close flat to negative. Still positive trend in BANK-NIFTY(F). We expect profit booking every higher level mentioned yesterday also for 20'th & 21'th (Note). Trend is changing from positive to negative.
(Expected to happen during market timing)