Nifty Future Intraday levels for Jan 17, 2012

Buy at / above: 4935.06   Targets: 4950.16 - 4967.76 - 4985.39 - 5003.05

Stoploss : 4917.51

Sell at / below: 4917.51   Targets: 4902.45 - 4884.95 - 4867.49 - 4850.06

Stoploss : 4935.06

NIFTY SPOT SUPPORT AT 4860,4915 AND RESISTANCE AT 4930,4950


Update:

• 09:48 AM
• Book one lot @ 4948-49 and revise SL to cost.
• 10:12 AM
• Have work in office, will be offline. Trade as per levels and keep booking profits whenever seen.
• Risky - If NF unable to cross 4967 then one can Sell below 4967 with small SL above 4967.
• 04:45 PM
• NF long hit 3rd target 4985
• Total profit: 50 points; Total trades:1

                       _____________________________________________________________________________________

• Exit form 4900 CE & 4300 PE call @ 95-99 (CMP) given on Dec 29th. Loss max Rs.500 (click here)

• Exit from NF positional long @ 4950. Entered yesterday @ 4845. Total profit in Positional till now 258 points. (Click here)