Wednesday, December 10, 2014

Dec'14 Nifty Update

NIFTY SPOT  face RESISTANCE at 8349 and its SUPPORT is around 8312


Yesterday  I told you about RESISTANCE 8502 and SUPPORT 8464. NF made a HIGH 8477.50 and trade below the said price throughout the day. It made a low 8383. Also I wrote NO fresh CALLS ON NIFTY. Friends You might think why I don't give any CALL. Actually I HOLD the SHORT position and need not require to initiate a fresh position. REMEMBER Today also I never like to recommend any fresh position. HOLD your SHORT position. 


Today NF face resistance around 8402 and its support 8364.

WATCH THE PRICE 8310 where I suppose a REVERSAL MAY INITIATE. 




Yesterday  I told you about RESISTANCE 18623 and SUPPORT 18541. BNF made a HIGH 18669.70 and it breach the RESISTANCE but unable to sustain and trade below the 18541. It made a low 18346.30. Also I wrote NO fresh CALLS ON BNF. Friends You might think why I don't give any CALL. I PERSONALLY NOT IN POSITION OF BNF. In my view it is not wise to  initiate a fresh position. Rather, one should HOLD HIS SHORT POSITION.  REMEMBER Today also I never like to recommend any fresh position. HOLD your SHORT position. 


Today BNF face resistance around 18426 and its support 18306.

WATCH THE PRICE 18185 where I suppose a REVERSAL MAY INITIATE.

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