LAST CLOSE NIFTY FUT 5117.50 NIFTY SPOT 5124.00
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<5100 >>> ..... <<< 5135 >>>
BUY ABV 5122.15 SL 5101.05
TGT 5132.60 > << 5143.05 - 5154.55 >> < 5164.30 > << 5178.25 >> << 5188.30 - 5199.85 >>
IF NIFTY FUTURE CLEARS 5160-70 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. .IF SUSTAINS, NIFTY FUT WOULD TARGET 5180 - 5200- 5220 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5135-5150 DUE TO SHORT COVERING AND FRESH BUYING. FAILURE TO TOUCH/SUSTAIN ABOVE THIS LEVEL WILL INVITE PROFIT BOOKING AND SHORT BUILD UP. CRUCIAL POINT TO WATCH FOR LONG TRADES
TGT 5086.50 > <<5074.20 - 5063.55 >> < 5053.40 - 5041.25 > 5026.95 <
IF SUSTAINS BELOW 5020 FOR 5-10 MINS TRADE FOR TGT 5008 - 4987 - 4966
GOOD BUYING SUPPORTS IN COMING DAYS ARE 5000-4965
FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 5075-5085 SL 5065 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5145 - 55 SL 5170.00 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.
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 5085 - 95 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 MILD GAP UP NIFTY FUT GAINS OPEN INTEREST BY 2.18% WITH DECREASE IN VOLUME BY 15.71% AND THAT INDICATES WINDING UP OF LONGS AND PROFIT BOOKING AT HIGHER LEVELS. EXPECT VOLATILITY DUE TO 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.
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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