Tuesday, June 7, 2011

wed nifty Trading call - (8/06/2011)

Today nifty will operate in Down trend  we expecting gap down at 5540-20 level  chances are less to pull back to 5560level
Trader can trade according to fallowing conditions as follows

1. Nifty sell  b/n 5540-80  Target is 5520-5490 . Today it may go to 5440-20  also  keep st+ at 5620.

Positional trader can start sell  near to 5580-600 level keep st+ at 5630  Target is 5320-5200 it may be 5000 also. this call given  5 days back. likely nifty will reach the target by  This  Friday or Monday.

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