stock market

THOUGHT FOR TODAY

Storms
If the boat and the boatman are strong, even storms become a gift.

Nifty Future 15-3-2012

We enjoyed last Trade was buying 5290-5209 long…as Position

What for Today…?

Just, watch Resistance today 5536-5555 (This is also Targets if market trade 5448-5472 in opening)

Selling pressure: 5557 around

Down Side move can be 5485 and 5467

Buy will act 5459-5477 (Buy points)

Intraday trader can take profit both of above levels.

Points:

• UNION Budget
• Trend is still Intact up
• Spot Nifty: 5467 Day’s pivot below which the correction continues.
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Yesterday I told you support where buyers might have come for long 5292-5311, but market is trading in pause mode.

Yes, I remembered That “5300 above NIFTY is good for traders”

What for Today?

Day Traders: Support 5274-5284

Today, Nifty Support 5210 in the front targets 5338-5355

Positional:  Nifty will be enter into BULLS only above 5445

I want to tell you that “Today will very important day for swimming traders or US”

We should find exact support of Nifty today for bounce …

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SPOT NIFTY:

LAST(05/03) CLOSED@5280 (-79 POINTS)

LAST HIGH@5344 LOW@5265
WEEKLY HIGH@5458 LOW@5265

5DMA@5349
20DMA@5417
50DMA@5118
200DMA@5172