NIFTY FUTURE HAS TO TRADE ABOVE 5150 FOR MOVING FORWARD
NIFTY FUTURE IS STRONG OVER 5150 & WEAK BELOW 5100
NIFTY FUTURE IS STRONG OVER 5150 & WEAK BELOW 5100
LAST CLOSE NIFTY FUT 5122.50 NIFTY SPOT 5112.00
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<< 5150 >>> ..... <<< 5115 >>>
BUY ABV 5135.20 SL5118.40
TGT 5147.40 > << 5157.55 - 5168.50 >> < 5178.90 > << 5189.05 >> 5210.10> > 5221.50 > >5233.65
IF NIFTY FUTURE CLEARS 5150 NAND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT AND SHOULD TARGET 5175-5190-5210-5225-5245-5260. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5175-85 DUE TO SHORT COVERING AND FRESH BUYING.
IF NIFTY FUTURE CLEARS 5150 NAND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT AND SHOULD TARGET 5175-5190-5210-5225-5245-5260. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5175-85 DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 5115.55 SL5135.05
TGT 5105.30 > 5094.95> << 5082.65 - 5071.45 > > 5060.25 -5050.00
IF SUSTAINS BELOW 5050 FOR 5-10 MINS TRADE FOR TGT 5035-20-5005
GOOD BUYING SUPPORT IS 5050-5020
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABOVE 5100 - 51110SL 5088 FOR TGTS AS MENTIONED ABOVE
SHORT/SELL AT/BELOW 5170-85 SL 5195 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-A- VERSA
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.
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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