NIFTY FUTURE HAS TO TRADE AND CLOSE ABOVE 5030 TODAY FOR MOVING FORWARD
NIFTY FUTURE IS STRONG OVER 5000 & WEAK BELOW 4970
NIFTY FUTURE IS STRONG OVER 5000 & WEAK BELOW 4970
LAST CLOSE NIFTY FUT 4989.50 NIFTY SPOT 4985.85
TREND - VOLATILE
TREND DECIDER FOR TODAY <<<4965 >>> ..... <<< 4985 >>>
BUY ABOVE 5009.55 SL 4984.45
TGT 5019.65 > << 5030.85 - 5042.65 >> 5052.65 > 5062.90 >> AND IF SUSTAINS ABOVE 5060 TARGET WILL BE 5070 - 82-95
IF NIFTY FUTURE CLEARS 5030 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5020-30 DUE TO SHORT COVERING AND FRESH BUYING
TGT 4967.40 > << 4958.75 - 4947.25 >> < 4937.50 > 4926.55
IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT 4880-4870
GOOD BUYING SUPPORT IN COMING DAYS IS 4840 - 4800 - 4760
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABOVE 4950-60 SL 4940 FOR TGTS AS MENTIONED ABOVE
SHORT/SELL AROUND/BELOW 5025-35 SL 5050 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 4950 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
MARKET DATA
MARKET DATA
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT. NIFTY FUT SHEDS OPEN INTEREST BY 8.95% WITH INCREASE IN VOLUME BY 42% AND THAT INDICATES SHORT COVERING AND FORMATION LONG POSITIONS TOO. NIFTY FUTURE MAY TRADE VOLATILE.
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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