NIFTY FUTURE HAS TO CLOSE/TRADE ABOVE 5151 FOR FURTHER UP MOVE
NIFTY FUTURE IS STRONG OVER 5125 & WEAK BELOW 5100
LAST CLOSE NIFTY FUT 5111.60 NIFTY SPOT 5117.30
TREND - VOLATILE
TREND DECIDER FOR TODAY <<< 5100 >>> ..... <<< 5140 >>>
BUY ABV 5130.35 SL 5109.80
TGT 5140.40 >> 5152.05 - 5161.15 >> 5170.80 > << 5180.90 >> 5191.10 > 5202.55 > 5210.10 > 5222.60
IF NIFTY FUTURE CLEARS 5151 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. IF SUSTAINS NIFTY FUT WOULD TARGET 5168 - 5180 - 5200- 5210 - 5225 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5155 - 65, DUE TO SHORT COVERING AND FRESH BUYING
SELL/SHORT BELOW 5107.30 SL 5125.80
TGT 5097.30 << 5087.55 - 5076.35 >> 5063.50 > 5054.65 <
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 PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 5065-75 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
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT.TO GAP UP. NIFTY FUT SHEDS OPEN INTEREST BY 1% WITH INCREASE IN VOLUME BY 21% AND THAT INDICATES UNWINDING OF LONGS HIGHER LEVELS...VOLATILITY MAY BE SEEN AT HIGHER LEVELS AND SUDDEN PROFIT BOOKING MAY NOT BE RULED OUT. BE ON GUARD ABV 5165-75 LEVELS
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
LAST CLOSE NIFTY FUT 5111.60 NIFTY SPOT 5117.30
TREND - VOLATILE
TREND DECIDER FOR TODAY <<< 5100 >>> ..... <<< 5140 >>>
BUY ABV 5130.35 SL 5109.80
TGT 5140.40 >> 5152.05 - 5161.15 >> 5170.80 > << 5180.90 >> 5191.10 > 5202.55 > 5210.10 > 5222.60
IF NIFTY FUTURE CLEARS 5151 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. IF SUSTAINS NIFTY FUT WOULD TARGET 5168 - 5180 - 5200- 5210 - 5225 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5155 - 65, DUE TO SHORT COVERING AND FRESH BUYING
SELL/SHORT BELOW 5107.30 SL 5125.80
TGT 5097.30 << 5087.55 - 5076.35 >> 5063.50 > 5054.65 <
IF SUSTAINS BELOW 5050 FOR 5-10 MINS TRADE FOR TGT - 5035 - 5025 - 5010. GOOD BUYING SUPPORTS ARE 5000 - 4965
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 PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 5065-75 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
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT.TO GAP UP. NIFTY FUT SHEDS OPEN INTEREST BY 1% WITH INCREASE IN VOLUME BY 21% AND THAT INDICATES UNWINDING OF LONGS HIGHER LEVELS...VOLATILITY MAY BE SEEN AT HIGHER LEVELS AND SUDDEN PROFIT BOOKING MAY NOT BE RULED OUT. BE ON GUARD ABV 5165-75 LEVELS
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 -5080 SL 5050 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5165-75 SL 5195 FOR TGTS MENTIONED ABOVE
SHORT AT/BLW 5165-75 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.
PLEASE WATCH UPDATES IN YAHOO MESSENGER (ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING.
FRIENDS MAY VISIT OUR FORUM http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS.
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