Good Morning,
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.

 

Weekly Calls

Buy Nifty 6100(PE) at 19 to 20 with SL 10  target 40.

Buy Tatasteel 380(PE) at 4.5 to 5 with SL 2.5  target 8.

Buy Reliance  860(PE) at 4.5 to 5 with SL 2.5 target 8. 

 

This above trading calls only for today & traders should trade according to their risk appetite. Price & Entry+Exit levels also depends on market with traders understanding. If market opens with vary high Gap UP then avoid buy trading calls.

 

NIFTY INTRADAY SCIENTIFIC CHART 19'th Nov 2013
(Expected to happen during market timing)

Note :- Market will find profit booking in tomorrows later trading hours. Selling may emerge on 20'Th Nov & 21'st Nov