DATE-18 MARCH 2014
Strategy for 18
MARCH 2014: Nifty Major
trend is up because its trading above major and intermediate 45 degree trend
line . From 4 February nifty has given nice move of almost 630 point . Major
trend is up so any correction could be an opportunity for fresh long. For
tomorrow major resistance is 6540,6565,6610
and support is at 6480, 6440. On
candlestick chart nifty has given breakout on large scale so in this scenario
we should avoid short position. From here Any double top buy should be opportunity for
fresh trade and at this stage first sell signal should be avoid . If nifty
sustain above 6565 then we can see 6650 in very short time.
ABIRLANUVO –Medium termPick
è MAJOR
TREND IS DOWN BECAUSE ITS TRADING BELOW MAJOR 45 DEGREE TRENDLINE AND ANCHOR POINT
è SELL ABIRLANUVO IF SUSTAIN BELOW 1045 SL
1075 TGT 1000,990
RAJU RANJAN
Mob- 9975606284
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