MARKET TREND FOR 18 JAN 2012
As we have predicted
in our last post that the index will soon cross the level of 5000 today it
touched the high of 4971.30 very near to 5000.Bulls are in action and will
certainly make the attempt to bring index to this level. Nifty hit the level of
4927 in intraday trade.
As we have noticed
continous uptrend in index since last two days so we hope that the same upward
pace to continue tomorrow and the index may cross the level of 5000.
Any major volume
based selling taking the index below 4850 would mean beginning of weakness.
NIFTY OPTION
STRATEGY UPDATE
Yesterday we have
given nifty strangle strategy @cost of RS100 which is already in profit today
4800 put closed @ 15 4900 call closed @ 106 continue to hold…….
NIFTY LEVELS FOR TOMORROW
RESISTANCE1
|
4983.97
|
SUPPORT1
|
4938.07
|
RESISTANCE2
|
4997.48
|
SUPPORT2
|
4911..32
|
RESISTANCE3
|
5043.68
|
SUPPORT3
|
4866.44
|
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