Good Morning,
Nifty (F) closed 6300 on 20’Th Dec 2013 up by 107 points. SGX NIFTY is trading +16 points up at 6316. American market closed positive as Christmas rally continues. Asian Market is trading positive. As per our Scientific charts we expect market to positive till 1:00 after that we may see profit booking. Nifty will find profit booking in later trading hours. Nifty has resistance between 6320, 6355, 6387, 6420 & support at 6280, 6250, 6225,6203 levels. Profit booking appear at every higher price. Nifty may find difficult to cross 6347 to 6370. This 20 points band critical for bulls. Nifty under tone is getting weak as day progress it will be more week. After expiry we may see selling pressure in market. After expiry its clear trend to so wait till now. Exit your long positions as market progresses but wait to create short till expiry.
NIFTY INTRADAY SCIENTIFIC CHART 23’rd DEC 2013
(Expected to happen during market timing)
NIFTY INTRADAY SCIENTIFIC Chart
Shows expected Nifty price movements. X-Axis in bottom shows time with hour
& minute format. NIFTY INTRADAY SCIENTIFIC chart shows trend with time
& trend is our friend. If you don't find trend according to chart then stay
away. From the charts Traders can take trading
calls as per their risk appetite. Price Entry + Exit levels depend on market
with traders understanding.
Thanks
& Regards
Niftytodaytomorrow
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