LEADER POST for Thursday (13/12/12)
1. Supports are at about 5875
and 5785 while resistances are at about 5897, 5900, 5912, 5930 and 5980. Three
likely +WWs give about 5902, 5930 and 5956 (+WWs with higher targets are not mentioned
as of now). A likely -WW gives about 5835 (other -WWs with lower targets are
not mentioned presently). A bearish flag can give 5832 unless killed above
5930.
Nifty just managed to close at 5888 but
once again failed to close above the psychological level of 5900. The daily
candleis an inside bar, which is a likely reversal sign. But for that to
happen, nifty must cross above 5925 first and then 5965. If nifty closes below
5827, it may be worrisome. Nifty may be very choppy for a few more days. Hence
trade with strict SLs.
2. PCR same
at 1.04 and VIX down at 14.51. Pre-open high/low at
5900.90/5881.35 and close at 5900.35. This may indicate a +ve nifty after a
slight gap up.
3. AS PER
9.30 STRATEGY, SELL ABOVE 5916NF, TARGET 5893/75, SL 5946.
4. 9.30
strategy target met.
5. Nifty
opened up with a small gap and remained flat in a narrow range till afternoon,
before suddenly tanking. It made a lower high and low than those yesterday. The
target of first +ww of the first post was met in the open itself. Also met was
target of 9.30 strategy trade.
The intraday chart of nifty spot values with 5 min candles is shown below.
No comments:
Post a Comment