NIFTY FUTURE HAS TO TRADE ABOVE 5100 FOR MOVING FORWARD
NIFTY FUTURE IS STRONG OVER 5085 & WEAK BELOW 5060
NIFTY FUTURE IS STRONG OVER 5085 & WEAK BELOW 5060
LAST CLOSE NIFTY FUT 5066.25 NIFTY SPOT 5052.45
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<5050 >>> ..... <<< 5100 >>>
BUY ABV 5085.85 SL 5063.25
TGT 5095.15 > << 5105.35- 5115.55 >> < 5126.85 > << 5137.15 >> < 5148.85 - 5158.75 > << 5169.75 >>
IF NIFTY FUTURE CLEARS 5125 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT AND SHOULD TARGET 5140 - 5151 - 5170 - 5185. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5095 DUE TO SHORT COVERING AND FRESH BUYING
SELL/SHORT BELOW 5069.75 SL 5085.55
TGT 5057.85 > 5046.75 > << 5032.25 - 5020.75 >> 5008.35 >
IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT 4989-4970-4949
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABOVE 5015-25 SL 5000 FOR TGTS AS MENTIONED ABOVE
SHORT/SELL AROUND/BELOW 5115 - 25 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.
FOR NEWER TRADERS
WATCH THE LEVELS IN BLUE COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROITS 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
MARKET DATA
MARKET DATA
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP UP NIFTY FUT GAINS OPEN INTEREST WITH INCREASE IN VOLUME AND THAT INDICATES SHORT COVERING AND FORMATION OF LONG POSITIONS EXPECT VOLATILITY AT HIGHER LEVELS DUE TO ROLL OVER AHEAD OF EXPIRY.
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.
BEST OF LUCK AND HAPPY TRADING.
FRIENDS MAY VISIT http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS OF EMINENT ANALYSTS.
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