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Tuesday, December 10, 2013

Nifty



Nifty was calm today. Today’s low 6317, which was not seen practically on the screen for trading. And it did not break that. The whole day it was trading in a range of 30 / 40 points roughly. There were hardly any trades for positional traders. Intraday traders might have earned somewhere, somehow. The volatility was very low as compare to previous day and this kind of movement is seen since last few days. This shows the
strength on up side. Low volatility indicates NO fear in the market. After a huge gap up, this kind of movement might go on for few days. Now for very short term we can take today’s low ( 6317 ) and today’s high ( 6417 ) as a break / make point. Our prime level is 6240 and 6000 roughly. On upper side we have 6500 for short term. More views and levels, once we reach there. Till then... happy trading & safe trading


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