NIFTY FUTURE SHOULD TRADE AND SUSTAIN ABOVE 5080 FOR FURTHER UP MOVE
NIFTY FUTURE IS STRONG OVER 5050 AND WEAK BELOW 5000
LAST CLOSE NIFTY FUT 5040.75 NIFTY SPOT 5042.05
TREND - VOLATILE
TREND DECIDER FOR TODAY <<<5020>>> ..... <<<5050 >>>
BUY ABOVE 5048.05 SL 5025.55
TGT 5058.75 > << 5068.50 - 5579.65 >> < 5090.65 > AND IF SUSTAINS ABOVE 5100 TARGET WILL BE 5115-30
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 5065-75, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 5024.55 SL 5046.65
TGT 5010.55 > 5001.25 > 4989.55 > << 4974.35 - 4961.25 >> 4950.65
IF SUSTAINS BELOW 4950 FOR 5-10 MINS TRADE FOR TGT 4942 - 4930 - 4915
GOOD BUYING SUPPORTS IN COMING DAYS ARE 4840 - 4800 - 4760
BUY ABOVE 5048.05 SL 5025.55
TGT 5058.75 > << 5068.50 - 5579.65 >> < 5090.65 > AND IF SUSTAINS ABOVE 5100 TARGET WILL BE 5115-30
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 5065-75, DUE TO SHORT COVERING AND FRESH BUYING.
SELL/SHORT BELOW 5024.55 SL 5046.65
TGT 5010.55 > 5001.25 > 4989.55 > << 4974.35 - 4961.25 >> 4950.65
IF SUSTAINS BELOW 4950 FOR 5-10 MINS TRADE FOR TGT 4942 - 4930 - 4915
GOOD BUYING SUPPORTS IN COMING DAYS ARE 4840 - 4800 - 4760
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 4990-5000 SL 4980 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BELOW 5075 - 85 SL 5100 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.
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP UP . MARKET DATA SHOW FLAT OPEN INTEREST AND INCREASE IN VOLUME BY 81% AND THAT INDICATES SHORT COVERING AND FORMATION OF LONG POSITIONS
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 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
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
FRIENDS MAY VISIT OUR FORUM http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS. PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS )
BEST OF LUCK AND HAPPY TRADING
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