This week is going to be very volatile as budget week is around the corner.
Go long near 8800-8805 with stoploss @ 8795 on closing basis. Targets for bulls are 8851, 8898, 8991, 9062 ,9085, 9180.
&
Go short if Nifty Spot gives a close below 8790 with stoplss @ 8805 on closing basis. Targets for bears are 8751, 8711, 8618-8627, 8526, 8432, 8355, 8235, 8070, 7950.
Also there is -ve WW forming in Nifty where 9114-9164-9180 can act as a very strong resistance zone.
How & when to take short trade @ higher levels with targets and stoploss will be provided to our paid clients.
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
Go long near 8800-8805 with stoploss @ 8795 on closing basis. Targets for bulls are 8851, 8898, 8991, 9062 ,9085, 9180.
&
Go short if Nifty Spot gives a close below 8790 with stoplss @ 8805 on closing basis. Targets for bears are 8751, 8711, 8618-8627, 8526, 8432, 8355, 8235, 8070, 7950.
Also there is -ve WW forming in Nifty where 9114-9164-9180 can act as a very strong resistance zone.
How & when to take short trade @ higher levels with targets and stoploss will be provided to our paid clients.
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
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