October 19, 2010

opening bell Tradology

yesterday nifty took support at 6000 level and bounced back very sharply. closed at 6133 level
Now today we are expecting some really good movement in market. one can have an eye on 6082. nifty has support at that level.
Nifty future resistance level is 6177 now. if e cross and sustain 6177 level then nifty will show some real good movement upside.

Number to watch :
NF:
Down: 6082-6100
Up: 6177-6200

stock to watch :
SBIN support at 3140 level and resistance at 3208 level.one can short at higher level with strict stoploss with negative bias.
HDIL future is looking good above 277 level. one can have eye on this stock with positive bias.
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2 comments:

  1. Tradology TeamOctober 19, 2010 at 12:36 PM

    Tradology Team expected 6082 as support level and we are not surprised to see 6083 lowest level today in nifty future as of now. :) it was really a very good support.HDIL future is facing resistance at 277 level . above this level be careful if you are short heavily.

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  2. Tradology TeamOctober 19, 2010 at 1:56 PM

    AS WE HAVE SUGGESTED TWO LEVELS TODAY MORNING .. ONE IS 6082. THT IS TODAY'S LOW. AND SECOND IS 6177 . NOW NIFTY FUTURE AT 6163. :) NEAR RESISTANCE LEVEL . HOPE YOU ALL ENJOYED NIFTY TRADE TODAY . CHEERS !

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