LAST CLOSE NIFTY FUT 5119 NIFTY SPOT 5123.25
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<5080 >>> ..... <<< 5135 >>>
BUY ABV 5135.25 SL5113.95
TGT 3146.05 > << 5158.25 - 5170.35 >> < 5181.35 > << 5194.75 >> 5205.65 >>
IF NIFTY FUTURE CLEARS 5175 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT.IF SUSTAINS, NIFTY FUT WOULD TARGET 5190 - 5210 - 5225 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5135 - 45, DUE TO SHORT COVERING AND FRESH BUYING
SELL/SHORT BELOW 5093.15 SL 5112.25
TGT 5082.25 << 5071.50 - 5062.80 >> < 5050.20>
IF SUSTAINS BELOW 5050 FOR 5-10 MINS TRADE FOR TGT - 5035-5025 -5010
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 5075-85 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 MARGINAL FLAT OPEN INTEREST WITH DECREASE IN VOLUME BY 6% AND THAT INDICATES FORMATION UNWINDING OF LONGS EXPECT VOLATILITY AND PROFIT BOOKING AT EVERY RISE
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 5065-75 SL 5050 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5155-65 SL 5175 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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