NIFTY Opened today with a gap up of 40 points @ 5041. It built on the gap making a high of 5082, but sold off towards the end closing @ 5055.
Nifty Futures has maintained an upwards bias whole day. It finally closed above 5025 taking the nifty towards 5082. Breaking above 5025 now leaves room to attack 5175 level again. A strong momentum will take nifty even pass 5250 Area. On the downside,there is a minor support @ 4920 area. And still the major support stands @ 4850.
Our View on Nifty is still Positive. Any dip in Nifty should be taken as an opportunity to enter the market on the long side. Only a close below 4920, will end the upside for now and take nifty into neutral Zone. But a close below 4850 will break the market down. On the Upside, a close above 5025 is positive for Nifty.
Our closed position for today:
NIFTY : BOUGHT @ 4975 ( 13.11.09 ) - SOLD @ 5070 ( 16.11.09 ) = PROFIT 47500/- ( 500 NIFTY )
JSPL: BOUGHT @ 677 ( 10.11.09 ) - SOLD @ 711 ( 16.11.09 ) = PROFIT 32640/- ( 1 LOT )
For a reliable, trustworthy ,and accurate trading calls visit www.aaksharstock.com and register for a free trial.Our trading system is positional based system trading approx 7 - 8 times per month only, giving consistent profit per month.
We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 21 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
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