WISH   YOU   ALL  A VERY   HAPPY NEW YEAR   2014

The last week lacked volumes due to holiday mood of FIIs. Nifty has been hovering around 6250-6300 and BN is hovering around its 10D EMA.

Hope soon the volumes will return and the range will be broken.

Book Profit

Election results, FOMC, RBI policy reviews ahead. So booked profits at this level.

A break above 6120-6140

Today it has broken the narrow range of 5970-6120 (Last 4 Days)  on upper side. If holds for an hour or so above 6140, a bullish sign in short run.

Bank Nifty in Buy Mode

Bank Nifty SAR triggered. Now it is buy mode. Now SAR for Bank Nifty for the day  will be  10886-50.
9.50 AM. : Nifty SAR also triggered. New SAR for the day will be 6090-20.
12.30 :  Nifty SL triggered. Nifty in sell mode. SL/SAR now is 6090.
01.54  :  Nifty SL triggered. Nifty in Buy mode. SL/SAR now is 6070.
03.28 :  Part profit booked in BN.