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Nifty Levels for Sep 20- 2010
S 1 | S2 | PIVOT | RES1 | RES2
5822 | 5785 | 5849 | 5886 | 5913
Weekly support for Nifty :
Nifty would face Resistances at 5900, 6000 and 6200.
and at the Life time high of Nifty which was 6357.
Trading Cues :
SGX NIFTY Sep trading at 5898 -16pts
SGX NIFTY Oct trading at 5900 -31pts
US Mkts closed Flat to Negative
European Mkts closed Negative
Asian Mkts trading Mixed with NIKKEI trading positive and
HANGSENG trading Negative
Genie’s Views :
Keep a SL of 5444 for all your long positions and TRADE with GREATER CONFIDENCE.
Every dip is a buying oppurtunity –> BUY AT LOWER LEVELS < --
Genie’s Stock Pick for the day:
UPTREND : LUPIN, RANBAXY, RCOM
DOWNTREND : BANKBARODA, HDFC, PATNI
Never trade without Stoploss

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