Tuesday, 11 September 2012

Trading Nifty on 12th September


NIFTY TRADING LEVELS FOR 12th September

The Nifty had touched 5393 which signals it is likely to move upwards. From this point levels of 5418 and 5431 are possible. 5443 is a very important level to watch for. If Nifty clears this mark we can look forward to levels of 5468, 5480 are also possible.

If the Nifty did not hold the present level, it is likely to see 5390 and 5378

Pivot levels for 12th  September                   
                                             
Mid R3       5453    R3           5473
Mid R2       5422    R2           5433
Mid R1       5392    R1           5412
                                             
Pivot           5372                  
                                             
Mid S1       5361    S1           5350
MID S2      5330    S2           5311
Mid S3       5300    S3           5289

MARKET SUMMARY OF 11th SEPTEMBER

NIFTY
5390
JUNIOR
10160.45
NSEDEFTY
3372.35
NSE500
4234.6
NSEMIDCAP
7278.25
NSEIT
6424.65
BANKNIFTY
10135.9
MIDCAP50
2054.05
NSEESG
3382.47
NSESHARIAH
1203.53
SHARIAH500
1286.97
NSEINFRA
2278.8
NSEREALTY
205.3
NSEENERGY
7793.5
NSEMNC
5567.3
NSEPHARMA
5801.9
NSEPSE
2884.65
NSEPSUBANK
2764.4
NSESERVICE
6393.05
NSEFMCG
13738.7
NSE100
5256.05


Happy trading!!

Trading the currency pairs at MCX


Trading the currency pairs at MCX

Except the Euro all currencies have shown weakness.  A clear picture will emerge today about the direction of USD, GBP and JPY. JPY has lost some value and may stage a comeback. So the traders should assess the market before taking any position.

I give below the pivot levels for trading on 11th Tuesday.

 

EURINR-I
GBPINR-I
JPYINR-I
USDINR-I
R3
71.4350
89.8150
71.3392
55.9175
Mid R3
71.3213
89.5813
71.2388
55.8313
R2
71.2075
89.3475
71.1383
55.7450
Mid R2
71.1425
89.2013
71.0750
55.6950
R1
71.0775
89.0550
71.0117
55.6450
Mid R1
70.9638
88.8213
70.9113
55.5588
Pivot
70.8500
88.5875
70.8108
55.4725
Mid S1
70.7850
88.4413
70.7475
55.4225
S1
70.7200
88.2950
70.6842
55.3725
MID S2
70.6063
88.0613
70.5838
55.2863
S2
70.4925
87.8275
70.4833
55.2000
Mid S3
70.4275
87.6813
70.4200
55.1500
S3
70.3625
87.5350
70.3567
55.1000





















Happy trading!