Dated 21-11-2012 trading analysis : As I predicted earlier we are not going so easily 5450 in near term nifty is still moving according to my calculation neither it has given close below 5560 in future nor 5528 is tested sofor.
So my dear friend what will be next move of nifty future I think in intraday again we will nifty future level 5581-90 then first target should be atleast 5684, 5702.
But ultimately my nifty future target in nov 2012 series is 5794 minimum & if mulayam singh takes U tern in FDI matter then who know 5915 in nifty spot is also posible.
Happy Trading
P. K. Chaudhary
100 billion question in every one mind what will be next move of nifty. If you analyzed past of nifty movement has never given easy profit in down side / upside.
I research past & found 5558 nifty spot was break out level in year 2010 and as you know history repeat itself.
What my seance is saying if nifty future take support at 5537-5546 & bounce back to 5788 in coming trading session there should not be surprised . The IInd reason of giving this arguments technically nifty spot should had not been broken 5808.94 (if it was simple replacement from 4531.15 to 5815.50 in nifty spot). And if my view is right then nifty could go attest 6123 in nifty spot in next or this month. Lot of option writer will be trapped who has sold 6000,5900,5800 call in this series.
IInd factor if 5540 in future is broken derisively broken & close below 5540 then serious downfall will be seen.
My trade will be if nifty future take support at 5540 & bounce back to above 5560 then long trade can be initiated with stop loss 5539 for intraday target of 5623 (and positional target will be 5785)
Intraday channel is for Monday is 5458-------5537-------5623
5546
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