HAPPY DIWALI TO ALL READERS OF THIS BLOG AND MAY THE FESTIVAL OF LIGHTS BESTOW MORE HEALTH, HAPPINESS, AND PEACE IN YOUR LIFE !!!



View for Muhurat trading, November 13, 2012 :

Nifty likely to open gap up above 5715 spot (around 5745 futures)  and trade range bound and get a close of 5745 spot price (around 5775 in futures price). Happy Diwali and happy trading !!!

View for Thursday, November 15, 2012:

The weakness will persist below 5695 spot price for Nifty. Next major support level is 5635 spot price (around 5655 futures price). Range bound session likely after the holidays and break out or break down only with higher volumes. Happy trading !!!

View for Friday, November 16, 2012:

The break below 5635 support level yesterday now becomes resistance level for today. Nifty will gain intraday strength only above 5665 spot levels today. A weekly close above 5695 essential today for keeping the technical levels intact with positive bias, as Nifty is very close to breaking the short term trend line support @ 5580.  Happy trading !!!