NIFTY JUMPS ABOVE 5000 !!!!!!
NIFTY Futures opened today on a flatish note up 15 points @ 4887. It rallied slow and steady whole day and strong buying came above yesterdays high above 4947. It closed above 5000 at almost high point of the day @ 5014.
NIFTY has given an excellent close by ending above 5000. This is added momentum to bull side and there is a possible retest of 5165 Area on the cards. The strong support for this upside lies at 4850 level. Only a close below this level will end upside momentum taking it all the way to 4550 area again.
Our view on Nifty Futures is extremely Bullish. Any dip towards 4900 area can be used to enter the market keeping a strict stoploss below 4850 area. If the strong momentum continues, there could be new high on the cards. This time it may run upto 5250 -5300 Area.
Our closed trade for today:
NIFTY:
BOUGHT @ 4890 ( 10.11.2009 ) - SOLD @ 4990 ( 11.11.2009 ) = PROFIT 50,000/- ( 500 NIFTY )
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www.aaksharstock.com/equitycurve.html
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