Nifty closed flat after 100 points up move is clearly indicating that nifty re-tested recent high yesterday and retracement /reversal may be there .( namo namo) . It was posted yesterday ” 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 .” Negative to gap down opening with Friday effect will be there.
Short covering in Nifty / bank Nifty and SBIN is clearly indicating that market was played by big players and sustained above due to small traders short covering >>>indication of bubble which is ready to burst and 4 to 6 % correction within a week may be there
sell on ICICI posted at chat room (http://dhanvarsha.in/chatroom/ ) worked well
ICICI bang on tgt 1 call was
10 Apr 14, 09:55 AM
[×] [o] admin: SELL icici futures at 1262 64 sl 1277.2 tgt 1248 1236
Bank Nifty call gained more than Rs 3500 within 40 minutes trade call was
[×] [o] admin: kailash123p@yahoo.co.in (4/10/2014 9:33:27 AM): SELL bn at 13095 13120 sl 13152 tgt 12955 12860 http://prntscr.com/38mb4t
[×] [o] admin: 6811 traded bang on 38 points tgt call was kailash123p@yahoo.co.in(4/10/2014 2:42:48 PM): SELL NF at 6850 55 sl 6862 tgt 6833 6812http://prntscr.com/38ngmq see real time chart http://prntscr.com/38nokn
PE 6750 may trade above 50 today call was shared like this
[×] [o] admin: pe traded above 42 gained 11 or more points or 35 to 40 % gain call waskailash123p@yahoo.co.in (4/10/2014 2:31:25 PM): BUY 6750 pe at 30 32 sl 28 tgt 37 44 53 http://prntscr.com/38nppu
Trade in Nifty futures as per thee level s
Buy at / above: 6822 Targets: 6847- 6864 – 6885
Stoploss : 6806
Sell at / below: 6806 Targets: 6789 – 6768 – 6747- 6722
Stoploss : 6822
spinning top / doji after gud up move is prior indication of healthy correction …only thoko drill …sell on rise with sl to book gains at swing lows and wait for next swing high to sell ….
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Nifty closed flat after 100 points up move
