Wednesday, December 21, 2011

Nifty Future Intraday levels for Dec 21, 2011

Buy at / above: 4641.01   Targets: 4655.73 - 4672.8 - 4689.9 - 4707.03
Stoploss : 4624
Sell at / below: 4624   Targets: 4609.31 - 4592.35 - 4575.42 - 4558.52
Stoploss : 4641.01

Update:

  • 10:45 AM - Nfity Spot has support 4600. Breaking this can see down move. 
  • On upside, 4640 spot is resistance. Breaking this can see 4680.
  • 12:03 PM - Range bound market not breaking any side.After Europe open we may see good move.
  • 01:25 AM- NF short hit SL. 17 points loss. 
  • Long active now and hit 1st target(4654 high).
    • 5640 spot is resitance for Nifty. If corsses can see more upmove else will break 5600 on downside. If SL hit in long enter short again.
    • 1:44 PM- Safe players holding one lot book or revise SL to cost. Other hold with same SL 4624
    • 02:40 PM - SL hit in Long and short. 34 points loss.
  • Book profit in Long @ 4675. 
    • 34 points profit.
    • 3rd target hit. Very volatile moves as Nifty is facing support/resitances in very short range.
    • All targets hit.
  • Total loss: 34 points (68-34) at target 4675(our booking level) in NF long. But NF hit all targets with 66 points profit in long and gives final loss of 2 points.

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