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14 Sept 2009

Nifty tip | Sensex Tip | Future and Options Trade as Per Advice


Nifty is now trading at a point where it will either consolidate or go down and one need to watch the level of 4749 which will decide the future direction of the market. If nifty breaks past the level of 4900 than we are heading for good days and will see Nifty touching the levels of 5000 mark which is a psychological barrier and thereafter if conquered will touch the level of 5150 which is likely by Oct series. Important levels to be watched are as enumerated and same are given as per the exponential moving averages which holds importance.

Exponential Day Moving Average (EDMA)Nifty Sensex
144715   15851
50453015226
1004327   14495
2004107  13708

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