Intraday Technical Analysis with Nifty Chart and Trading Stretegy / Stock Tips for 2 Mar 2010 www.StockInspection.com
Posted by Indrodeep Banerjee on February 27, 2010
Total Views - 835
The previous market session closed on a positive note after a flat opening, after the opening markets cheered the finance bill with huge upsurge in the stock prices, but some profit booking came in at the higher levels of the trading session which pulled the markets marginally lower from the days highs. 20 DMA resistance level of 4880 was broken by huge margin.
It closed above the 5 DMA and 20 DMA levels and RSI around 95 indicating that the market is looking positive and entering the over valued zone. If the market closes above 4900 levels for three trading sessions then 20 DMA will turn as support for this markets, which will help to scale 5000+ levels. .
Nifty finally closed at 4922.30
gaining 63 points or 1.29 %
Trading Strategy for 2 Mar, 2010
Intraday Support for the market shall be 4872 & 4836 .
While the market will experience resistance at 4978 & 5018.
Best Strategy shall be to:-
Buy above 4948 with Stop Loss of 4897
Sell below 4897 with Stop Loss of 4948
.
Recommended Reading:-
Publisher: Sagar Publications, New Delhi.
Author: Indrodeep Banerjee, Astrologer & Stock Market Consultant
Ph: 09415681544, 09455248927 email: admin@TradingFunda.com
ISBN No: 81-7082-099-5 Pages 220
Price: Rs.175/-
By Courier: Rs.175/- + 75/- = Rs.250/-
To get your copy couriered immediately send
D.D. of Rs.250/- in favour of
INDRODEEP BANERJEE payable at Lucknow.
(Payment will be accepted only through D.D./
Bank Draft or Payable At Par Cheaques).
Send your payments to :–
Address: B-2045, Indira Nagar, Lucknow- 226016, U.P.
Available at all Leading Book Stores Across India & Worldwide
Available Online at :-
Vedic Books, Canada USA Australia South Africa
Amazing Indian Book, New Delhi
