NIFTY Advance Scientific charts for 23'rd & 24'th 2013

Dear Trader,

Yesterday Nifty closed around 6012 mark. SGX nifty is trading -70. We expect market to open gap down. Nifty take support around 5920 to 5900 and find resistance at 5970, 6050. Overall nifty will looks weak and may test 5800 level in during fortnight. overall our target is 5500 during October expiry. However this will volatile trading sessions, Trader should sell at every bounce of nifty, higher level to book profit. For today nifty's range is 5900 to 5980.

 

 

Tuesday, September 18, 2013

Dear Trader,

Yesterday Nifty closed around 5850 mark & Market participant are waiting for FOMC meet (Expected to announce around 23:00 IST). One should keep position as light as possible and wait for the direction after meet, then add fresh position.

 

Dear Trader,

Yesterday Gave 2 Calls & both achieved its target on closing basis. First call Reliance put bought around 19.5 with a target of Rs 30 completed successfully (Made a profit of 3750 on investment of Rs3750) it was weekly call but achieved target same day. Second call Selling Tisco around 307 was available 291 on closing basis.

As our Chart shown Nifty open 100 points higher but lost all gain later during market hours later closed around 5850(we showed same in chart). Nifty made a high 5957 and low of 5798. Today we may see nifty to reach around 5880 to 5900 then see profit booking from higher levels till 5820 to 5800. In stock specific Reliance is week stock to trade.

Trader should buy around 5815 with stop of 5795 and sell around 5880 with stop 5900 with skillfully trading. Trading should with small profits as lot many events and numbers during this week.

NIFTY CHARTS FROM 16'TH& 17'th SEP 2013

Dear Trader,

Nifty closed 5850 on Friday and new week with lot of global events, we may see profit booking ahead of FOMC EVENTS on 17'th and 18'th day. We see Nifty trading between 5970 to 5700 for this week ahead. We expect Reliance to find resistance around 900 to 910 level. L&T find resistance 857-870 & Tisco around 307-318 level.

Trader can Buy put of Reliance at strike of 880 at price of Rs19.50 to 20. with a target of 30 on weekly basis. Trader can Go short around 310-313 in Tisco on a weekly basis for target of 285 (Stoploss of 323).
NIFTY CHARTS 16'TH & 17'th Sep 2013

NIFTY CHARTS FROM 10'TH TO 13'TH SEP 2013

NIFTY ADVANCE SCIENTIFIC CHART 3'rd & 4'th SEP 2013

 

(Forecasting to happen before market open)

 

Happy Trading 

bye.