WORLD MARKET STATUS
AMERICAN MARKETS ARE IN DOWN TREND FOR THE PAST 4 DAYS, BUT TODAY IT'S FUTURE MARKET TRYING TO MOVE UP, BASED ON THIS ASIAN MARKET ARE ALSO TRYING TO MOVE UP, BUT I CANT ABLE TO SAY THIS IS STRENGTH FULL UP MOVE, FOLLOWING THIS SINGAPORE NIFTY OPENED WITH GAP DOWN AND HOLDING THE DOWN TREND TOO, SO REFLECTING THE ABOVE SITUATION OUR MARKET WILL DO WITH GAP DOWN OPEN AND THERE IS A CHANCE TO RECOVER FORM 5050 TO 5040 LEVELS IF WORLD MARKET DO CONTINUES RECOVER, AND 4990, 4970, 4935, 4900 IS THE IMPORTANT SUPPORT FOR NIFTY SPOT
NIFTY SPOT GENERAL VIEW
5170 TO 5200 WILL GIVE STRONG RESISTANCE TO NIFTY SPOT FOR FURTHER UP MOVE, IF IT CLOSE ABOVE THIS LEVELS FOR 2 DAYS THEN NEXT POSSIBLE TARGET WILL BE 5350, AND 5600 TO 5650, SAME AS 5040 WILL GIVE GOOD SUPPORT FOR NIFTY, BELOW THIS LEVEL 4970, 4900 WILL BE THE NEXT STRONG SUPPORT, ONLY CLOSING BELOW 4900 FOR 2 DAYS NIFTY WILL FACE GOOD CORRECTION
NIFTY SPOT TODAY
TODAY IF NIFTY SPOT CROSS 5092 THEN FURTHER UP SIDE POSSIBLE AS PER NIFTY TODAY LEVELS, SAME AS BELOW 5070 FURTHER DOWN SIDE POSSIBLE AS PER NIFTY LEVELS, BUT IF THERE IS ANY CONTINUES RECOVER IN ASIAN MARKET AND AMERICAN FUTURE MARKET THEN 5055 TO 5040 ACT AS GOOD SUPPORT FOR NIFTY SPOT, SO BASED ON THIS TAKE YOUR TRADE DECISION
NIFTY SPOT TODAY LEVELS
NIFTY SPOT ABOVE 5092 TARGET 5109 TO 5111, 5130, 5141, 5170, 5273
NIFTY SPOT BELOW 5071 TARGET 5055, 5041, 4992, 4978, 4972, 4969,
4957 4934, 4925, 4902, 4873, 4847, 4840
SCRIPT TO WATCH
RCOM
BUY ABOVE 323 TARGET 330, 335, 345, 347, 362, S/L 320
SELL IF NOT CROSS 323 TARGET 316, 313, 310, 306, 303.5, 298, 290, S/L 323
