Dear Reader
This
is a paid mail which sent in morning approx 7:30 in the morning. So do
not crate trade position according to this. This can be used only as
reference only of 14'th Jan 2014.
Nifty future closed 6300 on 13th Jan 2014 up by
122 points. Yesterday as said Nifty future took found resistance around support
at 6250-6260. But later on in last 20 minutes nifty gained another 30 points
rise as a short covering. Nifty future closed 6300 on 13th Jan 2014 up by 122 points.
As predicted in our weekly outlook American market closed negative on Monday.
Dow closed -179 points -1.09%, Nasdaq -61 points -1.47%, S&P -23 points
-1.26%. European market closed between +0.25% to +0.40% on Monday. In Asian
market Hangseng trading -185 points -0.80%, Nikkei -392 -2.47%. SGX Nifty shows
negative points of 40 -0.65%, SGX Nifty future 6265. As per our charts Market undertone
is negative today. Nifty future has support at 6220 and 6260. Our chart shows
Negative trend only. We written that “Today’s (13th Jan) rise can be taken as a
bubble only”. As our chart showing and calendar showed Green ticks for both day
of 10th and 13th Jan 2014. Same happened in this two days and yesterdays
extended rise can be consider for both days.
NIFTY INTRADAY SCIENTIFIC CHART 14'th Jan 2014
(Expected to happen during market timing)
Today Nifty future open lower. SGX nifty and Asian
Market trading in negative. We may see sudden fall in nifty future as it breaks
6270,6250 and time would be up to 10:30 to 11:00 clock. After that nifty future
may become range bound or choppy however it will create lower top and lower bottom
in market means leaves every higher tops. You may see profit booking in bank stocks
and Banknifty. Bank stocks lose its shine. Here trader should create short position
only. Trader should use every opportunity to sell not to buy at lower level
means sell on every rise. We are holding Nifty 6100 put buy which bought between
as per buy call 27.50 to 28.50. It closed between 21 to 21.50 yesterday. You
can book profit between 35 to 37 or keep trailing stop loss in profit. However
we advice them to book profit them at level of 35.
Thanks & Regards
Nishant Jani
9374083399
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