NIFTY FUTURES STRONG OVER 5075 & WEAK BELOW 5050
LAST CLOSE NIFTY FUT 5070.80 NIFTY SPOT 5063.70
TREND - VOLATILE
TREND DECIDER FOR TODAY <<<5040 >>> ..... <<< 5080 >>>
BUY ABV 5075.25 SL 5052.35
TGT 5085.25 > << 5096.65 - 5105.85 >> 5116.95 > <<5127.75 >> 5138.50 >>
IF NIFTY FUTURE CLEARS 5115-25 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. WATCH THIS POINT, IF SUSTAINS, NIFTY FUT WOULD TARGET 5140 - 5155 - 5170 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5100 - 15, DUE TO SHORT COVERING AND FRESH BUYING
SELL/SHORT BELOW 5055.15 SL 5074.65
TGT 5043.25 << 5030.25 - 5019.95 >> 5008.65 > 4995
IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT 4985 -72 - 61
GOOD BUYING SUPPORTS ARE 5000-4965
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 5000-5020 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 YAHOO MESSENGER NEVER BUY IN A FALLING TREND AND VICE VERSA
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP DOWN NIFTY FUT HAS FLAT OPEN INTEREST WITH DECREASE IN VOLUME BY 15.91% AND THAT INDICATES UNWINDING OF LONGS AND FORMATION OF SHORTS FOR STBT. BOUNCE BACK EXPECTED FROM GAP DOWN OPEN.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOP LOSS AS MENTIONED. HOLDING POSITION BEYOND 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/ABV5020-30 SL 5000 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5115-25 SL 5145 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 (FOR FRIENDS IN THE BLOG)
BEST OF LUCK AND HAPPY TRADING.
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