NIFTY FUTURE IS STRONG OVER 4990 AND WEAK BELOW 4960
LAST CLOSE NIFTY FUT 4976 NIFTY SPOT 4985.75
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4965>>> ..... <<<4985 >>>
BUY ABOVE 4983.50 SL 4965.35
TGT 4996.65 > << 5007.85 - 5020.75 >> 5030.75 > 5044.95 >> AND IF SUSTAINS ABOVE 5050 TARGET WILL BE 5068-82-95
IF NIFTY FUTURE CLEARS 5010-20 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5035 WILL TGT 5050 -75 - 95 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5040-50, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 4960.25 SL 4980.55
TGT 4949.75 > 4938.65 > << 4922.35 >> 4911.35 <
IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT 4880-4870
GOOD BUYING SUPPORT IN COMING DAYS IS 4840 - 4800 - 4760
BUY ABOVE 4983.50 SL 4965.35
TGT 4996.65 > << 5007.85 - 5020.75 >> 5030.75 > 5044.95 >> AND IF SUSTAINS ABOVE 5050 TARGET WILL BE 5068-82-95
IF NIFTY FUTURE CLEARS 5010-20 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5035 WILL TGT 5050 -75 - 95 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5040-50, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 4960.25 SL 4980.55
TGT 4949.75 > 4938.65 > << 4922.35 >> 4911.35 <
IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT 4880-4870
GOOD BUYING SUPPORT IN COMING DAYS IS 4840 - 4800 - 4760
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 4930-40 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 UP . MARKET DATA SHOW INCREASE IN OPEN INTEREST BY 3.46% AND DECREASE IN VOLUME BY 18% AND THAT INDICATES WINDING UP OF LONG POSITION AND FORMATION OF SHORTS AS WELL
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 4935-4940 SL 4980 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BELOW 5055 - 65 SL 5585 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 IN BLOG)
BEST OF LUCK AND HAPPY TRADING
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