Monday, 5 January 2015

Nifty-Technical View For--6-1-2015

NIFTY CLOSED AT 8378.40 ON 5-1-2015

SUPPORT: - 8364.75 / 8282.70 / 8272.80 / 8160 / 8147.95.  

 RESISTANCE:- 8395.45 / 8411 / 8470 / 8535.35 / 8626.95 / 8720 / 9050.

(Figures in bold are important)

Nifty opened on a positive note at 8407.95 and made a high of 8445.60 and then slipped  down  and made a low of 8363.90 before closing the day near the lower band at 8378.40.It closed 17 points lower today because  of profit booking at higher level but it closed below certain important level also , therefore now fresh long position should only be taken if it moves above 8411 and stays with a stop loss of below 8380 for a target of 8470. The existing long call can still be held on to but get alerted in long position below 8360 and exit trade if it closes below 8265.Going up it will face resistance at 8470 / 8587 & 8627 and moving down it will have support at 8364.75 & 8270.The bias is up now.

REMARK:-  :- Long term up trend is intact .Hold existing long position  but add fresh long position only if it stays  above 8411 with proper stop losses as mentioned above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.


Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.



Saturday, 3 January 2015

Trading Calls For-5-1-2015


BSE-Sensex-Technical View For-5-1-15

BSE-Sensex  closed at 27887.90on 2-1-2015

SUPPORT: - 27851 / 27739 / 27485 / 27354 / 27247 / 27091.


RESISTANCE: - 27937.47 / 28267.08 / 28369 / 28542 / 28823 / 29130.

 (Figures in bold are important)

Sensex opened on a flat to positive note at 27521.28 and made a low of 27519.26 and then moved up and made a high of 27937.47 before closing the day at 27887.90.It gave good up move today and technically also looking O.K, therefore fresh long call can be taken above 27940 with a stop loss of below 27850 for a target of 28200.I Would suggest to hold the existing long call now but get alerted and avoid fresh long position below 27850 & 27739 and exit long position if it closes below 27475. Going up it will face resistance at 27940 / 28270 & 28542 and moving down it will have support at 27739 & 27485.The bias is up now.

REMARK:-  :- Long term up trend is intact .Hold existing long position and can add fresh long position above 27940 with proper stop losses as mentioned above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.


Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.
Contact me for strategic guidance to enter and exit the trade.




CNX-Bank Index-Technical View For-5-1-2015

CNX-Bank Index closed at 19057.80 on 2-1-2015

SUPPORT: - 18923.60 / 18875.45 / 18736.65 / 18728.20 / 18428.10 & 18301.

RESISTANCE: - 19118.85 / 19260 / 19720 / 19770 / 20565.

(Figures in bold are important)

Index opened on a flat to positive note at 18752.20 and the open was the low also and thereafter it moved up steadily and made new all time high of 19118.85 before closing the day at 19057.80.It is exhibiting tremendous strength and technically also looking extremely good. Therefore fresh long call can be taken above 19120 with a stop loss of below 18900 for a target of 19260 & 19400.The existing long call should be held on to but get alerted in long position below 18900 and exit trade if it closes below 18700.Going up it will face resistance at 19260 / 19720 & 19770 and moving down it will have support at 18923 / 18728 & 18428.The bias is up now.

REMARK:-  :- Long term up trend is intact .Hold existing long position and can add fresh long position above 19120 with proper stop losses as mentioned above.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.



Nifty-Technical View For-5-1-2015

NIFTY CLOSED AT 8395.45 ON 2-1-2015

SUPPORT: - 8364.75 / 8282.70 / 8272.80 / 8160 / 8147.95.  

 RESISTANCE:- 8470 / 8535.35 / 8626.95 / 8720 / 9050.

(Figures in bold are important)

Nifty opened on a flat to positive note at 8288.70 and the open was the low also and thereafter it moved up steadily and made a high of 8410.60 before closing the day at 8395.45.It gave a robust move today and technically also looking good ,so fresh long call can be taken above 8411 with a stop loss of below 8350 for a target of 8470 & 8540.The existing long call should be held on to but get alerted in long position below 8360 and exit trade if it closes below 8265.Going up it will face resistance at 8470 / 8587 & 8627 and moving down it will have support at 8364.75 & 8270.The bias is up now.

REMARK:-  :- Long term up trend is intact .Hold existing long position and can add fresh long position above 8411 with proper stop losses as mentioned above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.



Thursday, 1 January 2015

BSE-Sensex-Technical View For-1-1-2015

BSE-Sensex  closed at 27499.42on 31-12-2014

SUPPORT: - 27372 / 27324 / 27160 / 26997/ 26795 / 26469.

RESISTANCE: - 27526 / 27646 / 27740 / 27851.10 / 27924 / 27980 / 28268 / 28823.

(Figures in bold are important)

Sensex opened on a weak note at 27358.30 and made a low of 27346 and thereafter moved up and made a high of 27527.24 before closing the day at 27499.42.It ended the 2014 on a reasonable note.One can try fresh long call if it moves above 27572 and stay with a stop loss of below 27490 for a target of 27672 & 27851. Those who are still holding long position should avoid fresh long if it consistently starts trading below 27490 and get alerted in long position below 27390 and exit trade if it moves below 27300 and stays. Please avoid long call below 27090 for sure. Going up it will have resistance at 27561 / 27672 / 27740 /27852 / 27925 & 28268 and moving down it will find support at 27354 / 27256 / 27160 & 27090.

REMARK:-  :- Long term up trend is intact .One can try long call  above 27572 with a stop loss of  below 27490.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.
Contact me for strategic guidance to enter and exit the trade.




Trading Calls For-1-1-2015


Wednesday, 31 December 2014

Nifty-Technical view For---1-1-15

NIFTY CLOSED AT 8282.70 ON 31-12-14

SUPPORT: - 8270 / 8216 / 8180 / 8160.90 / 8147 / 8115 / 8056 / 7961.35 / 7949 / 7936 / 7856 / 7819 / 7723.85 / 7540 / 7422.15.

 RESISTANCE:-   8290.25 / 8364.75 / 8468 / 8535.35 / 8627.

(Figures in bold are important)

Nifty opened on a flat note at 8243.90 and made a low of 8243.75 and then made a high of 8291 before closing the day near the high at 8282.70.It ended the year 2014 on a firm note. One can go fresh long if it moves above 8291 and stays with a stop loss of below 8260 and can add further long position above 8314 with a stop loss of below 8275 for a target of 8373.Those who are still holding long position should avoid fresh long if it consistently starts trading below 8280 and get alerted in long position below 8250 and exit trade if it moves below 8200 and stays. Please avoid long call below 8147 for sure. Going up it will face resistance at 8314 / 8324 / 8372 / 8468 / 8535.35 & 8627 and moving down it will have support at 8180 / 8160 / 8147 / 8115 & 8051.

REMARK:-  :- Long term up trend is intact .Long call can be tried above 8280 with a stop loss of below 8260.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.
Contact me for strategic guidance to enter and exit the trade.



CNX-Bank Index-Technical View For-1-1-15

CNX-Bank Index closed at 18736.65on 31-12-2014

SUPPORT: - 18676.10 / 18589 / 18532 / 18413.75 / 18356.30 / 18313.10 / 18301 / 18183 / 18109.35 / 18051 / 17890.85 / 17546.70 / 17502.45.

RESISTANCE: - 18807 / 18875.45 / 18923.60 & 19235 .

(Figures in bold are important)

Index  opened on a firm note at 18659.60 and the open was the low also and thereafter it moved up and made a high of 18774.20 before closing the day at 18736.65.It ended the  year 2014 on a very positive and firm note. One can try fresh long call now with a stop loss of below 18640 and add further long position above 18780 with a stop loss of below 18720 for a target of 18875 & 18923.Those who are still holding long position should avoid fresh long position if it consistently starts trading below 18720 and get alerted in long position below 18470 and exit trade if it moves below 18400 and stays. Please avoid long call below 18413 for sure. Going up it will face resistance at 18807 / 18876 / 18923 & 19235 and moving down it will have support at 18676 / 18659 / 18589 / 18532 & 18413.

REMARK:-  :- Long term up trend is intact .Long call can be tried above 18736 with a stop loss of below 18640 for a target of 18875 & 18923.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.



Tuesday, 30 December 2014

Trading Calls For-31-12-14


BSE-Sensex-Technical View For-31-12-14

BSE-Sensex  closed at 27403.54on 30-12-2014

SUPPORT: - 27372 / 27324 / 27160 / 26997/ 26795 / 26469.

RESISTANCE: - 27526 / 27646 / 27740 / 27851.10 / 27924 / 27980 / 28268 / 28823.

(Figures in bold are important)

Sensex opened on a positive note at 27478.30 and the open was the high also and then made a low of 27312.29 before closing the day at 27403.54.It closed a shade higher today then its previous days close which indicate some indecisiveness. I would therefore suggest to take fresh long call only if it moves above 27572 and stays for some time and for those who are holding long call now are advised not to add fresh position if it consistently starts trading below 27330 and should get alerted below 27240 and exit trade below 27200. Short call can be tried if it moves below 27240 and stay with a stop loss of above 27270 for a target of 27095. Please avoid long call below 27090 for sure for the entire week. Going down it can have support at 27240 /27160 / 27090 / 27024 / 26997 & 26795, moving up it will have resistance at 27526 / 27646 / 27740 / 27852 / 27925 & 28268. The overall bias is mixed now with a slight tilt on the downside till it moves above 27852 and stays.

REMARK:-  :- Long term up trend is intact .I suggest  not to initiate any trade in last day of the current year 2014.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.


Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.
Contact me for strategic guidance to enter and exit the trade.




CNX-Bank Index-Technical View For-31-12-14

CNX-Bank Index closed at 18647.55on 30-12-2014

SUPPORT: - 18589 / 18532 / 18413.75 / 18356.30 / 18313.10 / 18301 / 18183 / 18109.35 / 18051 / 17890.85 / 17546.70 / 17502.45.

RESISTANCE: - 18676.10 / 18700.70 / 18875.45 / 18923.60.

(Figures in bold are important)

Index opened on a positive note at 18573.25 and made a high of 18671.95 and a low of 18428.10 before closing the day at 18647.55.I would advice intra-day trader to take fresh long call only if it moves above 18710 and stay and for those who are still holding long call now should get alerted below 18500 and exit trade below 18350. Short call can be tried if it consistently trades below 18500 with a stop loss of 18540. Please note that  long call should be avoided for sure below 18424 for the entire week. Going down it can find support at 18589 / 18528 / 18428 / 18380 / 18213 / 18045 & 17837 and moving up it will have resistance at 18676.10 / 18710 /18876 & 18924.

REMARK:-  :- Long term trend is  up , I suggest  not to initiate any trade in last  day of the current year 2014 and only start a fresh in the year 2015.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.


Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.



Nifty-Technical View For---31-12-14

NIFTY CLOSED AT 8248.25 ON 30-12-14

SUPPORT: - 8216 / 8180 / 8160.90 / 8147 / 8115 / 8056 / 7961.35 / 7949 / 7936 / 7856 / 7819 / 7723.85 / 7540 / 7422.15.

 RESISTANCE:-  8270 / 8290.25 / 8364.75 / 8373 / / 8468 / 8504.65 / 8535.35 / 8627.

(Figures in bold are important)

Nifty opened on a positive note at 8260.30 and made a high of 8268.25 and low of 8220.55 before closing the day at 8248.25.It moved in a short range today and closed a shade higher then its previous days close which indicate some indecisiveness. I would therefore suggest to take fresh long call  only if it moves above 8300 and stays for some time and those who are still holding long call now are advised not to add fresh position if it consistently starts trading below 8230 and should get alerted below 8200 and exit trade below 8170. Short call can be tried if it moves below 8200 and stay with a stop loss of above 8220 for a target of 8160.Please avoid long call below 8160 & 8147 for sure for the entire week .Going down it can have support at 8160 / 8147 / 8115 / 8051 & 7949,moving up it will have resistance at  8270 / 8279.15 / 8295 & 8365
.   
REMARK:-  :- Long term up trend is intact .I suggest  not to initiate any trade in the last day of the  year 2014.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.


Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade



Monday, 29 December 2014

Nifty-Technical View For---30-12-14

NIFTY CLOSED AT 8246.30 ON 29-12-14

SUPPORT: - 8216 / 8180 / 8160.90 / 8147 / 8115 / 8056 / 7961.35 / 7949 / 7936 / 7856 / 7819 / 7723.85 / 7540 / 7422.15.

 RESISTANCE:-  8270 / 8290.25 / 8364.75 / 8373 / / 8468 / 8504.65 / 8535.35 / 8627.

(Figures in bold are important)

Nifty opened on a positive note at 8214.70 and the open was the low also and it made a high of 8279.15 before closing the day at 8246.30.I would suggest to avoid any trade in  two trading session left in the current year of 2014 and start a fresh in the new year of 2015. However aggressive intra- day trader can trade and they are advised to try fresh long call above 8280 only. Those who are still holding long call now should not add fresh long position below 8230 and get alerted in long position if it starts trading below 8200 and exit trade if it moves below 8170. Short call can be tried if it consistently starts trading below 8230 with a stop loss of above 8250 for a target of 8160. Please avoid long call below 8160 & 8147 for sure for the entire week .Going down it can have support at 8160 / 8147 / 8115 / 8051 & 7949,moving up it will have resistance at  8270 / 8279.15 / 8295 & 8365.The overall bias is mixed with a slight tilt on the downside till it moves above 8375 and stays.

.   
REMARK:-  :- Long term up trend is intact .I suggest  not to initiate any trade in last two days of the current year 2014.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade



BSE-Sensex-Technical View For---30-12-14

BSE-Sensex  closed at 27395.73on 29-12-2014

SUPPORT: - 27372 / 27324 / 27160 / 26997/ 26795 / 26469.

RESISTANCE: - 27526 / 27646 / 27740 / 27851.10 / 27924 / 27980 / 28268 / 28823.

  (Figures in bold are important)

Sensex opened on a positive note at 27266.49 and the open was the low also and it made a high of 27507.25 before closing the day at 27395.73.I would suggest not to initiate any trade in  two trading session left in the year  2014 and start a fresh in the new year of 2015. However aggressive intra -day trader can trade and they are advised to try fresh long call only above 27520. Those who are still holding long call now should not add fresh long position below 27380 and get alerted in long position if it starts trading below 27230 and exit trade if it moves below 27200. Short call can be tried if it consistently starts trading below 27230 with a stop loss of above 27270 for a target of 27095. Please avoid long call below 27090 for sure for the entire week . Going down it can have support at 27240 /27160 / 27090 / 27024 / 26997 & 26795, moving up it will have resistance at 27852 / 27925 & 28268. The overall bias is mixed  now with a slight tilt on the downside till it moves above 27852 and stays.

.  
REMARK:-  :- Long term up trend is intact .I suggest  not to initiate any trade in last two days of the current year 2014.


Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade




CNX-Bank Index-Technical View For-30-12-14

CNX-Bank Index closed at 18528.35on 29-12-2014

SUPPORT: - 18413.75 / 18356.30 / 18313.10 / 18301 / 18183 / 18109.35 / 18051 /  17890.85 / 17546.70 / 17502.45.

RESISTANCE: - 18532 / 18589 / 18676.10 / 18700.70 / 18875.45 / 18923.60.

(Figures in bold are important)

Index opened on a positive note at 18589.60 and made a high of 18700.70 and  a low of 18501.05 before closing the day near the low at 18528.35.Today’s move showed some weakness therefore  fresh long call should be completely avoided  below 18600 on 30-12-14 and for those holding long call now should get alerted below  18445 and exit trade below 18330 . In fact short call can be tried if it consistently trades below 18557 with a stop loss of 18600. Going down it can find support at 18448 / 18380 / 18213 / 18045 & 17837 and moving up it will have resistance at 18590 / 18676.10 / 18700.70 /18876 & 18924.

REMARK:-  :- Long term trend is  up , I  would suggest  not to initiate any trade in last two days of the current year 2014 and only start a fresh in the year 2015.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade



Saturday, 27 December 2014

Nifty-Technical View---29-12-14

NIFTY CLOSED AT 8200.70 ON 26-12-14

SUPPORT: -  8180 / 8160.90 / 8147 / 8115 / 8056 / 7961.35 / 7949 / 7936 / 7856 / 7819 / 7723.85 / 7540 / 7422.15.

 RESISTANCE:- 8216 / 8270 / 8290.25 / 8364.75 / 8373 / / 8468 / 8504.65 / 8535.35 / 8627.

(Figures in bold are important)

Nifty opened on a positive note at 8204.80 and made a high of 8234.55 and then moved down and made a low of 8147.95 before closing the day and weekend at 8200.70.After two strong down day it took a breather today and closed little higher at 8200.70 but closing higher does not show the required strength in it. It can regain the up momentum only, if it moves above 8375 & 8468 and stay, chances of which are looking bleak at this point of time,looking at other technical parameter also it seems that nifty may seek lower levels in coming days. Furthermore if it fails to hold the level of 8115 & 8051 then the recent bottom of 7961.35 it made on 17-12-14 can be decisively broken.  I would therefore suggest to wait and watch for initiating long trade at least till clarity on short bottom formation emerges. I would also advice to  try long call only if it moves above 8375 or at least above 8341(it changes every day) which is the upper band of the short term moving averages and stays otherwise try short call on the rise at appropriate level with an adequate stop loss or if it trades below 8160 with a stop loss of 8210, aggressive and intra-day trader can try long call above 8216 with a stop loss of below 8160 on 29-12-14 after watching at least half an hour trade. Please avoid long call below 8160 & 8147 for sure for the entire week starting from 29-12-14.Going down it can have support at 8160 / 8115 / 8051 & 7949,moving up it will have resistance at 8225 / 8270 / 8295 & 8365.   

REMARK:-  :- Long term up trend is intact but since nifty is in correction mode ,therefore it is suggested to avoid long call for now and below 8160 & 8147 for sure for the entire week starting from 29-12-14. Short can be tried on the rise or below 8160.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.



CNX-Bank Index-Technical View-29-12-14

CNX-Bank Index closed at 18557.20on 26-12-2014


SUPPORT: - 18532 / 18413.75 / 18356.30 / 18313.10 / 18301 / 18183 / 18109.35 / 18051 /  17890.85 / 17546.70 / 17502.45.

RESISTANCE: - 18589 / 18676.10 / 18875.45 / 18923.60.

(Figures in bold are important)

Index opened on a positive note at 18602.55 and made a high of 18681.75 and low of 18448.60 before closing the weekend at 18557.20.Technically it is still looking good therefore existing long position could be held on to and fresh long call can be added above 18560 but please get alerted and avoid fresh long call if it breaks below 18535 &18450 and stay and exit long trade if closes below 18280. Going down it can find support at 18380 / 18213 / 18045 & 17837 and moving up it will have resistance at 18589 / 18676.10 / 18876 & 18924.

REMARK:-  :- Long term trend is  up ,Technically looking o.k therefore long call can be tried as suggested herein-above. Avoid long call below 18424 for the entire week starting from 29-12-14.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.


Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade