Nifty Spot (03/06/13 - 07/06/13)
Nifty may find support @ 5935 which is a Gann angle support. And if this support is broken then the next support is @ 5853 which is a 50% Gann retracement level form 6229 to 5477.
We will initiate long @ 5935 and 5853 in very small quantity with stop-loss @ 5840 on closing basis.
Resistance levels are 5978, 6010, 6041,6083 and Support levels are 5853, 5784, 5733, 5613
Nifty may find support @ 5935 which is a Gann angle support. And if this support is broken then the next support is @ 5853 which is a 50% Gann retracement level form 6229 to 5477.
We will initiate long @ 5935 and 5853 in very small quantity with stop-loss @ 5840 on closing basis.
Resistance levels are 5978, 6010, 6041,6083 and Support levels are 5853, 5784, 5733, 5613
Today Nifty stopped exactly near our mentioned level of 5935. We have bought (in Small quantity) some Call Options of Nifty6000 June series @ Rs.72. Lets see whats store for us in this coming week.
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