DATE-19 FEBRUARY 2014
Nifty 10X3 CL P&F CHART
Strategy for 19 February 2014 : Major trend
of nifty is down because its trading below major 45 degree trend line . If
nifty will close below 6000 mark then one more count will be active for tgt of
5820-5850. As I was expecting that nifty should give some positive bounce due
to its oversold zone and finally nifty has given double top buy signal above
6110 and after taking intraday high of 6141.70 closed 6127 . For tomorrow
resistence for nifty is 6150-6170 -6190. And support for nifty is 6080-6100. So do trade
accordinglyand hold buy nifty with sl of 50 point.
LT– Medium
term Pick
è TRADING ABOVE 9 DEMA AND
ANCHOR POINT , ALSO TRADING ABOVE MAJOR 45 DEGREE TRENDLINE
è BUY AND HOLD LT BETWEEN
1010-1020 SL 985 TGT 1070, 1100
RAJU RANJAN
Mob- 9975606284
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