NIFTY FUTURE HAS TO TRADE AND CLOSE ABOVE 5235 TODAY FOR MOVING FORWARD
NIFTY FUTURE IS STRONG OVER 5200 & WEAK BELOW 5180
NIFTY FUTURE IS STRONG OVER 5200 & WEAK BELOW 5180
LAST CLOSE NIFTY FUT 5194.15 NIFTY SPOT 5187.85
TREND - VOLATILE
TREND DECIDER FOR TODAY <<< 5175 >>> ..... <<< 5210 >>>
BUY ABOVE 5198.50 SL 5183.85
TGT 5208.00 > << 5217.10 - 5226.55 >> 5236.50 > 5247.15 >> AND IF SUSTAINS ABOVE 5250 TARGET WILL BE 5263 - 75 - 88 - 5300
IF NIFTY FUTURE CLEARS 5200 AND STAYS ABOVE THIS LEVEL FOR 10-15 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5190 - 5200 DUE TO SHORT COVERING AND FRESH BUYING
TGT 5173.15 > << 5162.10 - 5152.40 >> < 5143.55 - 5131..05 > << 5120.05 - 5107..00 >>
IF SUSTAINS BELOW 5100 FOR 5-10 MINS TRADE FOR TGT 5086-5070-5054-5035
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABOVE 5145-55 SL 5130 FOR TGTS AS MENTIONED ABOVE
SHORT/SELL AROUND/BELOW 5230 -40 SL 5255 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 PROFITS 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
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT. NIFTY FUT GAINS IN OPEN INTEREST WITH INCREASE IN VOLUME AND THAT INDICATE FORMATION LONG POSITIONS IN NEXT SERIES. NIFTY FUTURE MAY TRADE VOLATILE AND WITH POSSIBILITY OF PROFIT BOOKING AT HIGHER 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.
BEST OF LUCK AND HAPPY TRADING.
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