World market status
As we expect American and Asian markets are in the path of bullish, and Dow Jones if cross these (9760, 9850, 9920) points, then further good up side may be possible, if so our market also march towards 5450 to 5500,
Nifty spot
As we expect yesterday, nifty took support around 4900 and strength full recovery had happened, this will increase our confident about bullish up to 5500, and now this confident will get more strength if nifty breaks 5065, 5111 on closing basis, and next small resistance for nifty spot is at 5170 to 5200, so only above 5200 nifty will march towards 5450 to 5500,
Same as 4900 is our trend reversal point for our longs, you can concentrate on good scripts like RIL, BHEL, REL INFRA, LT, STER, BHARAT FORGE, CLUTH AUTO, IRB INFRA, AXIS, ASIAN PAINT, these scripts will move if market will full fill our expectation, so do your own research and keep the s/l as 4900 on closing basis,
Nifty Today
Nifty spot if cross 5030 today further up side possible up to 5050 to 5065, if cross 5065 strongly then further up side possible up to 5165 to 5200, same as if nifty spot cross down 5021 it will try to come down, even though good down side will be possible only if nifty breach 5000 to 4996 as per camarilla calculation , so initiate your trades according to this
Nifty Spot Today Levels
Nifty spot above 5029 target 5050, 5064 to 5065, 5165, 5193, 5211, 5236
Nifty spot below 5021 target 5008, 5005, 5000, 4996, 4952, 4934, 4930, 4923, 4916,
4898, 4891, 4883, 4874, 4862
Hot scripts
BHEL
This script will boom soon up to 2600, 2800, so patient players can buy on dips, and today's move may be as below
Buy above 2441 target 2465, 2495 to 2500, 2545, 2562, 2597, s/l 2438
Sell if not cross 2438 target 2406, 2378, 2370, s/l 2441
BHEL CHART
REL INFRA
So many patterns are forming in this script, and 1301 is a key point to watch, if it breaks 1301 strongly then 1430, 1510 may be possible soon, and if it try to close above 1301 then further continues up trend may go on…
REL INFRA
Buy above 1301 target 1311, 1334, 1347, 1369, 1430, 1510, s/l 1200 for short term trader,
1270 is s/l for swing trader, (closing basis s/l )
REL INFRA CHART
