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Tuesday, September 20, 2011

NIFTY TRIANGLE BREAKOUT

BUZZING NIFTY: DAY TRIANGLE BREAKOUT
Nifty broke out of the triangle in day chart, the positive breakout has resistance at previous highs of 5196 and 5220, above that the possible target of the break is roughly 400 points, immediate support at 5126 level.


BANK NIFTY
BUZZING NIFTY:   BANK NIFTY TRIANGLE
Bank nifty is trading near the resistance of the triangle, trading above today's close would confirm the breakout, immediate resistance at 9958 and 10054, above that it may target 10387+



1 comment:

Sonal Jain said...

• NYMEX crude falls in Asia as U.S. industry supply data ahead.
• SHFE Copper to Strengthen.
Crude Intraday Tips

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NIFTY STOP AND REVERSE TRADING STRATEGY

NIFTY SAR(STOP AND REVERSE) FOR THE NEXT DAY IS POSTED ON DAILY BASIS ON FACEBOOK GROUP NIFTYHOLIC.

ALL VALUES ARE FOR SPOT NIFTY, TRADE THE FUTURES ACCORDINGLY

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SELL NIFTY BELOW 5405 AND GO LONG ABOVE 5430

IF HOLDS ON CLOSING BASIS

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CLOSED THE POSITION ON 22ND MARCH @5405=100 POINTS OR 5000 RS.

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