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    Intraday Calls for 5/2/10

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    mr.traderji

    mr.traderji

    Posts: 764
    Points: 1308
    Join date: 2009-01-12
    • Post n°1

    Intraday Calls for 5/2/10

    Post  mr.traderji on Fri Feb 05, 2010 8:21 am

    Nifty Resistance at 4790
    Support at 4686/4630


    NIFTY FUTURE

    Sgx Nifty trading down 130 pts , Overall market trend is Down ,i would suggest to Avoid buying at dips & wait for a Pull back around 4820-4850 to take short position in the market for this feb series with a stoploss around 4900 cause there is high chance for the market to break down 4750 and breach lows of 4200-4050.Only if we maintain to close above 5050 we will use the word "Buy" until that play with these levels..

    Investors can wait and accumulate around those levels.

    Good luck & happy trading

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