The CNX Nifty garnered 101.15 points or 1.51% to settle at 6,796.20, a record closing high. The index hit a high of 6,808.70 in intraday trade, a lifetime high for the index. The index hit a low of 6,705.10 in intraday trade.
The S&P BSE Sensex garnered 358.89 points or 1.61% to settle at 22,702.34, a record closing high. The index jumped 396.59 points at the day’s high of 22,740.04 in late trade, a lifetime high for the barometer index. The index rose 36.50 points at the day’s low of 22,379.95 in early afternoon trade.
Negative to gap down opening is expected with profit booking at open as yesterday panic short covering was there bears domination will be there below 6820 advising to sell on rise book profits at swing lows and keep stoploss of 15 to 20 points for your short trades .50 to 60 points retracement can not be ruled out and possibility is there that NF may trade at 6750 70. Indicators are supporting bulls but zone is over bought so market players may try to pocket some gains .
Trade in NF as per these levels
Buy at / above: 6847 Targets: 6864 – 6885 – 6906 – 6927
Stoploss : 6826
Sell at / below: 6826 Targets: 6809 – 6789 – 6768 – 6747
Stoploss : 6847
To initiate trade first spot scrips possible intra day move then plan your trade with proper stop loss . Market may move up and down during intraday there fore advising to ride on wave . Please have a look sell advise on spotting bears domination http://dhanvarsha.in/chatroom/
Sell call for natural gas
[×] [o] admin: SELL NG at and below 273.40 sl 274.60 tgt 272.60 271.40 269.40 trading at 273.90
[×] [o] admin: ng 272.50 tgt 1 dn gained 1000/- or more per lot call waskailash123p@yahoo.co.in (4/9/2014 1:36:17 PM): SELL NG at and below 273.40 sl 274.60 tgt 272.60 271.40 269.40 trading at 273.90 http://prntscr.com/38dh6t
[×] [o] admin: 273.10 traded bang on tgt call was kailash123p@yahoo.co.in (4/9/2014 6:46:29 PM): SELL ng at 274.80 275.40 sl 276.20 tgt 273.20 gained rs 2000/ or more per lot ltp 272.50
[×] [o] admin: 272.10 traded bang on tgt call was kailash123p@yahoo.co.in (4/9/2014 6:46:29 PM): SELL ng at 274.80 275.40 sl 276.20 tgt 273.20 gained rs 2500/ or more per lot http://prntscr.com/38egei
Buy call For natural gas
[×] [o] admin: ng traded at 276 bang on tgt 2 call was kailash123p@yahoo.co.in (4/9/2014 7:45:11 PM): BUY ng at 274 sl 272.40 tgt 274.90 275.70 gained 2500 /- or more per lothttp://prntscr.com/38f67w
Carrying NF and BN short positions as STBT ..You may book gains 15 to 25 NIfty points and 40 to 80 bank nifty points on your STBT positions at open or place trailing stoplosses to lock your gains .calls were shared like this
[×] [o] admin: stbt NF at 6846 stbt bn at 13045 keep sl max 25 points for nf and 50 points for bn .. http://prntscr.com/38d78w http://prntscr.com/38d7eb
If BN will not reversed from 12900 it may kiss 13500 600 in near future as per up slanting channel ( blue ) weekly bank nifty chart .
// ]]>
The CNX Nifty garnered 101.15 points
