NIFTY FUT HAS TO CLOSE ABOVE 5075+ TODAY FOR MOVING FORWARD
NIFTY FUTURE IS STRONG OVER 5075 AND WEAK BELOW 5050
LAST CLOSE NIFTY FUT 5069.85 NIFTY SPOT 5083.40
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<5045>>> ..... <<<5080 >>>
BUY ABV 5075.05 SL 5055.75
TGT 5086.40 - 5095.65 - 5104.25 - 5114.65 - 5126.75
IF NIFTY FUTURE CLEARS 5015-25 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5100 WILL TGT 5115 - 26 - 40. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5095-5105, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 5053.95 SL 5073.55
TGT 5041.75 - 5030.20 - 5019.65 - 5008.65
IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT 4989-4970
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840
POSITIONAL NIFTY BUY ABV 4950 SL 5030 AND REVERSE SUGGESTED TO BUY FEW DAYS BACK.ABV 4950
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 4990-80 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. MARKET DATA SHOW MARGINAL DECREASE IN OPEN INTEREST AND INCREASE IN VOLUME BY 10.75% AND THAT INDICATES WINDING UP OF LONG POSITIONS AT HIGHER LEVELS.
NIFTY FUTURE IS STRONG OVER 5075 AND WEAK BELOW 5050
LAST CLOSE NIFTY FUT 5069.85 NIFTY SPOT 5083.40
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<5045>>> ..... <<<5080 >>>
BUY ABV 5075.05 SL 5055.75
TGT 5086.40 - 5095.65 - 5104.25 - 5114.65 - 5126.75
IF NIFTY FUTURE CLEARS 5015-25 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5100 WILL TGT 5115 - 26 - 40. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5095-5105, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 5053.95 SL 5073.55
TGT 5041.75 - 5030.20 - 5019.65 - 5008.65
IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT 4989-4970
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840
POSITIONAL NIFTY BUY ABV 4950 SL 5030 AND REVERSE SUGGESTED TO BUY FEW DAYS BACK.ABV 4950
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 4990-80 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. MARKET DATA SHOW MARGINAL DECREASE IN OPEN INTEREST AND INCREASE IN VOLUME BY 10.75% 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 4990-5000 SL 4980 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BELOW 5125 - 35 SL 5150 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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