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NIFTY TIPS TRADING TIPS..WITH REGARDS TO OUR PREVIOUS UPDATE DATED ON 18TH MARH ONNIFTY POSTED ON OUR 2011 03 18 -nifty-tips NIFTY HAS CERTIANLY FIRED FOR THE UPPER BUULISH LEVELS OF 5950.IWAS CLEARLY TOLD NIFTY LOOKING BULLISH ABOVE 5550 .NOW THE CURRECT SCENARIO UPDATE IS AS .PRESENTLY WITH REGARD TO GRAPH AND MOVEMENT OF NIFTY WE HAVE SEEN A HIGH VOLATILE MOVEMENT OFF LATELY IN LAST FEW WEEKS IN NIFTY.HOWEVER NIFTY IF MANAGES TO CLOSE ABOVE 5950 LEVELS ON EOD BASIS CAN CERTIANLY BE TREATED AS A NEW BULLISH SIGN .IF VOLUME VREAKOUT PERSISTS 6000 LEVEL THEN NIFTY CAN STRAIGHTLY HEAD TOWARDS 6200 LEVELS.HOWEVER ON THE DOWN SIDE BEARS CAN LOOK TO ATTACK BELOW 5850 LEVELS ON CLOSING BASIS..FOLLOWING THIS OVER THE PAST WEEK WE HAVE MAINTAINED HIGH ACCURACY IN OUR STOCK AND MCX CALLS AND PROVIDED ULTRA STOCK MCX TIPS TO HELP THE TRADERS. ………. Market View for 7-FEB-2011 As stated in our previous newsletter the analysis of the markets which we predicted have fallen exactly in line of the market movements.This Year we witnessed a bearish mood in month of January due to the fact FII witdrawing funds from India as major economies of U.S and U.K have recovered well .Technically Nifty has a strong support at 5400 levels below which a bearish sentiment is all set to take market to 5200 5000 levels. Also presently nifty is trading below 200 DMA and reflects weakness in market.
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