Monday, December 26, 2011

Nifty Future Intraday levels for Dec 26, 2011


Buy at / above: 4743.76   Targets: 4758.61 - 4775.87 - 4793.16 - 4810.48
Stoploss : 4726.56
Sell at / below: 4726.56   Targets: 4711.74 - 4694.59 - 4677.47 - 4660.39
Stoploss : 4743.76

NIFTY SPOT RESISTANCE AT 4760 AND SUPPORT AT 4690. BOOK PROFITS AT THESE LEVELS DURING FIRST SESSION.


Update:

  • 9:37 AM - First target hit in NF long. Book profits and wait for some time.
  • 10:25 AM - On declines buy NF and keep SL 4750 nifty Spot. (Risky)
    • 10:51 AM - Buy now @ 4770-72 with risk of 10 points.
    • 11:55 AM - Expecting a move from 12:10 PM.
    • 01:41 PM - Hold NF long with NF SL 4760.
    • 01:57 PM - 4790 is next resistance for NF. If crosses can see 4810-20. 
    • 2:21 PM - Safe traders exit from long.
    • 03:07 PM - Book profits @ 4790.
  • Total profit 14+20=34 points.

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