30 May 2013


 Rocking  call !!!Nifty 6200 call given in last post achieved all targets…  
The all-important May series derivative settlement date was today .Bulls were able to win the task and took the driver seat. Finally nifty touched a height of 6124 ended at this level.
In case, the low probability event of a rise panning out during the day and the index moves above 6120 again, we need to watch for levels at 6140 and 6150....
If the level of 6140 is taken out then there could be very strong supply pressure around 6150 area. Expect a lot of fresh short position building between 6132 and 6150. However, major test of the bulls would take place when they try to take out the resistance zone between 6180 and 6200.
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 RESISTANCE:6120, 6160,6200

SUPPORT:     6080, 6040,6000

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