NIFTY FUTURES STRONG OVER 5025 & WEAK BELOW 4990
LAST CLOSE NIFTY FUT 4997.40 NIFTY SPOT 4088.60
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<< 4975 >>> ..... <<< 5025 >>>
BUY ABV 5010.75 SL 4985.55
TGT 5021.35. > << 5033.45 - 5047.05 >> 5065.65 > << 5075.75 >> 5090.95 >>
IF NIFTY FUTURE CLEARS 5075-90 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. WATCH THIS POINT, IF SUSTAINS, NIFTY FUT WOULD TARGET 5100 - 5118 - 5130 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5030-40, DUE TO SHORT COVERING AND FRESH BUYING
SELL/SHORT BELOW 4980.50 SL 5000.65
TGT TGT 4970.25 > 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 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. NIFTY FUT HAS SHEDS OPEN INTEREST BY 4.25% WITH INCREASE IN VOLUME BY 40.00% AND THAT INDICATES UNWINDING OF LONGS AND ROLL OVER TO NEXT SERIES. BOUNCE BACK EXPECTED FROM LOWER LEVELS.
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/ABV4975 -90 SL 4950 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5050-65 SL 5075 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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