NIFTY FUTURE SHOULD TRADE AND SUSTAIN ABOVE 5050 FOR FURTHER UP MOVE
NIFTY FUTURE IS STRONG OVER 5030 AND WEAK BELOW 5000
LAST CLOSE NIFTY FUT 5029.90 NIFTY SPOT 5032.70
TREND - VOLATILE
TREND DECIDER FOR TODAY <<< 4995 >>> ..... <<< 5035 >>>
BUY ABOVE 5040.15 SL 5020.25
TGT 5052.35 > - << 5061.25 - 5071.55 >> - < 5084.35 > 5095.35 < 5107.55
IF NIFTY FUTURE CLEARS 5040-5050 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT.. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5050-75, DUE TO SHORT COVERING AND FRESH BUYING. AND SHOULD TARGET 5095.
SELL/SHORT BELOW 4997.55 SL 5018.20
TGT 4988.25 > - << 4978.25 - 4966.20 >> - < 4954.65 >>
IF SUSTAINS BELOW 4950 FOR 5-10 MINS TRADE FOR TGT 4940-4929-4919 GOOD BUYING SUPPORTS ARE 4978 -4955 - 4923 -4888
BUY ABOVE 5040.15 SL 5020.25
TGT 5052.35 > - << 5061.25 - 5071.55 >> - < 5084.35 > 5095.35 < 5107.55
IF NIFTY FUTURE CLEARS 5040-5050 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT.. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5050-75, DUE TO SHORT COVERING AND FRESH BUYING. AND SHOULD TARGET 5095.
SELL/SHORT BELOW 4997.55 SL 5018.20
TGT 4988.25 > - << 4978.25 - 4966.20 >> - < 4954.65 >>
IF SUSTAINS BELOW 4950 FOR 5-10 MINS TRADE FOR TGT 4940-4929-4919 GOOD BUYING SUPPORTS ARE 4978 -4955 - 4923 -4888
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 4990-80 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 NIFTY FUTURE SHEDS N OPEN INTEREST BY 3.11% AND DECREASE IN VOLUME BY 31.% AND THAT INDICATE FORMATION UNWINDING OF LONG POSITIONS. EXPECT VOLATILITY AND RANGE BOUND MOVEMENT. GOOD BOUNCE BACK POSSIBLE FROM LOWER LEVELS .
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 4960-4975 SL 4950 FOR TGTS AS MENTIONED ABOVE - RISK RS 10-20
SHORT AT/BELOW 5060 - 75 SL 5085 FOR TGTS MENTIONED ABOVE - RISK RS 10-15
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 BLOG)
BEST OF LUCK AND HAPPY TRADING
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