Nifty

For 2nd Dec., 2013

Nifty is again on a very strong resistance zone. This will be Nifty’s fourth attempt to cross the zone of 6240. This time if Nifty closes and sustains above 6240 – 6260 zone, chance are bright that we will see the levels

like 6330 & 6380. Weekly close above 6240 will boost the Nifty for further upward journey. Till then keep a long and positive bias with very strict Stop Loss as I said earlier, we are trading on a higher band of the broad range. Friday’s low should be treated as a clear and strict Stop Loss for very short term trader if you are entering in a long trade in Nifty.

Happy trading, safe trading !