LAST CLOSE NIFTY FUT 5087.25 NIFTY SPOT 5090.55
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<5060 >>> ..... <<< 5080 >>>
BUY ABV 5090.65 SL 5069.55
TGT 5102.25 > << 5114.35 -5125.75 >> 5135.65 > << 5145.95 >> 5168.75 >>
IF NIFTY FUTURE CLEARS 5160-70 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. .IF SUSTAINS, NIFTY FUT WOULD TARGET 5180 - 5200- 5220 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5115-5125 DUE TO SHORT COVERING AND FRESH BUYING
TGT 5054.55 > << 5043.10 - 5031.65 >> < 5019.25 > 5008.55 <
IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT - 4980-4960
GOOD BUYING SUPPORTS IN COMING DAYS 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 5020-35 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 MARGINAL GAINS IN OPEN INTEREST WITH INCREASE IN VOLUME AND THAT INDICATES FORMATION OF SHORTS. EXPECT VOLATILITY DUE TO 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.
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 5010-25 SL 5000.00 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5115-25 SL 5140.00 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 THE BLOG)
BEST OF LUCK AND HAPPY TRADING.
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