Nifty Update - Closing Bell - 01-08-2011

Nifty Update - Closing Bell - 01-08-2011



50 DMA @ 5522 NIFTY SPOT
www.MarketDhara.com

MARKET NOT LOOKING GOOD .... SHOULD FALL TILL 5310-5340
TO FILL THE GAP & TRIANGLE BREAKDOWN 5555-245 = 5310 ....
CAN BUY 5300 PUTS ....
GOOD BET FOR TGT 5310-5340 SL 50 DMA ON CLOSING BASIS
www.MarketDhara.com

NOW MANTAIN STOPLOSS FOR SHORT TO 50 DAY MOVING AVG
CURRENTLY 5520 ON CLOSING BASIS ...
EARILER NIFTY WAS TAKING SUPPORT AT 50 DMA
NOW WILL FACE RESISTENCE AT THE SAME
www.MarketDhara.com

NOW KEEP SL @ 5495 CLOSING BASIS ON NIFTY SPOT
IF CLOSING ABOVE THEN BOOK AND EXIT FROM SHORT
SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340
www.MarketDhara.com

ADD + FRESH SHORT ON BREAK BELOW 5555 ON NIFTY SPOT
PLUS CLOSING BELOW 5555 IS MUST - ELSE EXIT
SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340
READ MORE AND TO VIEW CHART VISIT www.MarketDhara.com