Hi All,
You should be very careful while trading in stock market today. This is because of Japan's Earthquake and tsunami, it might possible our market will not react with down movement, as our market is independent market, but, while taking any position, strictly, follow stop loss. Market is range bound with a range of 5390 - 5600, if today it breaks 5390 level then it will fall further up to 5200 again, above 5390 we are in to safe zone.
Looking at Friday's recovery after news got forecast about Japan, our market may not react on negative note much, yes, intra-day market may fall but it will recover immediately.
Looking at Nifty Chart, our market is on the support of Neckline, if it breaks, a free fall may be there in the market, so, today, i will advice you, not to trade in stocks, but trade in Index, with a Strict Stop loss.
Pivot Levels:
P: 5453
R1,R2,R3: 5495 - 5544 - 5586
S1,S2,S3: 5403 - 5362 - 5312
Technical Support: 5411 - 5382 - 5333
Technical Resist: 5456 - 5502 - 5531
Strictly use Stoploss.
If you have any query please get in touch with me.
Anagha Bhave
You should be very careful while trading in stock market today. This is because of Japan's Earthquake and tsunami, it might possible our market will not react with down movement, as our market is independent market, but, while taking any position, strictly, follow stop loss. Market is range bound with a range of 5390 - 5600, if today it breaks 5390 level then it will fall further up to 5200 again, above 5390 we are in to safe zone.
Looking at Friday's recovery after news got forecast about Japan, our market may not react on negative note much, yes, intra-day market may fall but it will recover immediately.
Looking at Nifty Chart, our market is on the support of Neckline, if it breaks, a free fall may be there in the market, so, today, i will advice you, not to trade in stocks, but trade in Index, with a Strict Stop loss.
Pivot Levels:
P: 5453
R1,R2,R3: 5495 - 5544 - 5586
S1,S2,S3: 5403 - 5362 - 5312
Technical Support: 5411 - 5382 - 5333
Technical Resist: 5456 - 5502 - 5531
Strictly use Stoploss.
If you have any query please get in touch with me.
Sincerely,
[Technical Analyst]
Precise Analysis Pvt Ltd.
Flat No: 7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038
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