Thursday, 3 April 2014

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

Strategy for 03APRIL 2014:Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . Do follow every new column  X . 6760-6800 is resistance area for nifty for tomorrow so from that levels we could see some correction of 100-200 point but its my assumption and on basis of assumption we should not take trade unless or until price will tell to take  trade. So risky trader can do trade if column reversal will happen from 6800 Tomorrow resistance is 6770, 6800 and support is 6720, 6700. Tomorrow we can see some selling pressure at higher levels because in HIGH LOW method we have seen relative high so at this stage double bottom sell signal with relative high could be tradable with strictly stop .


EXIDEINDMedium termPick


BUY AND HOLD EXIDEIND BETWEEN 123-125  SL 118 TGT 135++

RAJU RANJAN
9975606284


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