NIFTY FUT HAS TO CLOSE ABOVE 5015+ FOR THREE CONSECUTIVE DAYS FOR MOVING FORWARD.
NIFTY FUTURE IS STRONG OVER 5000 AND WEAK BELOW 4985
LAST CLOSE NIFTY FUT 5001 NIFTY SPOT 5006.85
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4975>>> ..... <<<5015 >>>
BUY ABV 5005.05 SL 4984.35
TGT 5015.55 - 5031.35 - 5044.15 - 5058.45 - 5070.35
IF NIFTY FUTURE CLEARS 5015-25 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5025 WILL TGT 5045 - 63 - 81. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5025-35, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 4985.15 SL 5010.65
TGT 4974.55 - 4963.55 - 4951.45 - 4934.65 - 4925.45
IF SUSTAINS BELOW 4920 FOR 5-10 MINS TRADE FOR TGT 4905
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840
POSITIONAL NIFTY BUY ABV 4950 SL 4930 AND REVERSE.
WATCH THE LEVELS IN BLUE COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4935-45 IF REACHED .
IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS WATCH THE TREND FOR 10-15 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOP LOSS AT NEXT SUPPORT / RESISTANCE. KEEP AN EYE ON UPDATES IN COMMENTS SECTION/YAHOO MESSENGER. NEVER BUY IN A FALLING TREND AND VICE VERSA
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP DOWN. MARKET DATA SHOW MARGINAL DECREASE IN OPEN INTEREST AND DECREASE IN VOLUME BY 31% AND THAT INDICATES WINDING UP OF LONG POSITIONS AT HIGHER LEVELS.
NIFTY FUTURE IS STRONG OVER 5000 AND WEAK BELOW 4985
LAST CLOSE NIFTY FUT 5001 NIFTY SPOT 5006.85
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4975>>> ..... <<<5015 >>>
BUY ABV 5005.05 SL 4984.35
TGT 5015.55 - 5031.35 - 5044.15 - 5058.45 - 5070.35
IF NIFTY FUTURE CLEARS 5015-25 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5025 WILL TGT 5045 - 63 - 81. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5025-35, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 4985.15 SL 5010.65
TGT 4974.55 - 4963.55 - 4951.45 - 4934.65 - 4925.45
IF SUSTAINS BELOW 4920 FOR 5-10 MINS TRADE FOR TGT 4905
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840
POSITIONAL NIFTY BUY ABV 4950 SL 4930 AND REVERSE.
WATCH THE LEVELS IN BLUE COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4935-45 IF REACHED .
IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS WATCH THE TREND FOR 10-15 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOP LOSS AT NEXT SUPPORT / RESISTANCE. KEEP AN EYE ON UPDATES IN COMMENTS SECTION/YAHOO MESSENGER. NEVER BUY IN A FALLING TREND AND VICE VERSA
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP DOWN. MARKET DATA SHOW MARGINAL DECREASE IN OPEN INTEREST AND DECREASE IN VOLUME BY 31% AND THAT INDICATES WINDING UP OF LONG POSITIONS AT HIGHER LEVELS.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOP LOSS AS MENTIONED. HOLDING POSITION AFTER STOP LOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 4950-60 SL 4930 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BELOW 5035 - 45 SL 5065 FOR TGTS MENTIONED ABOVE
NORMAL TRADERS/SAFE PLAYERS MAY NOT ATTEMPT THIS AS THERE IS EVERY POSSIBILITY OF HITTING STOPS IN THESE TRADES UNLESS OTHERWISE SUGGESTED IN YAHOO MESSENGER.
PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING
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