Sunday, 2 March 2014

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE- 3 MARCH 2014

Nifty 10X3 CL P&F CHART



Strategy for 3 MARCH  2014: In February nifty moved from its low 5933 to 6280. From here I am expecting some correction in nifty so 6310-6320 will be good levels for going short with strictly stop of 6370.  Now for tomorrow nifty major resistance is 6310-6320 if sustain above then we can see till 6350 . And for nifty  major support is 6260 , 6240. If column reverser will happen then I would more comfortable to go short with 50 point stop.


OFSS Medium termPick




è        MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE 45 DEGREE    TRENDLINE AND AFTER LOW POLE MADE DOUBBLE TOP BUY SIGNAL

è       BUY AND HOLD OFSS BETWEEN 3110-3120 SL 3065 TGT 3200,        3250 INTRADAY TRADER BUY IF SUSTAIN ABOVE 3125


                                                         

       RAJU RANJAN

Mob- 9975606284

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