Sunday 2 December 2012

Trading the nifty on 3rd December


Trading the nifty on 3rd December

As I wrote in the last post the nifty has seen higher levels. The volumes particularly has been very good. The sustainability of this level is still a question that remains to be answered.  The pivot level is at 5864. If the Nifty continues with the current trend the targets of 3rd and 4rth are possible. If profit booking comes in then 5852 and 5839 are to be seen.

NIFTY
Target >>
1st
2nd
3rd
4th
S/L
Buy above
5877
5890
5903
5916
5929
5877
Sell below
5852
5839
5826
5814
5801
5852

Happy trading!

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