NIFTY FUTURE IS STRONG ABOVE 5220 & WEAK BELOW 5180
LAST CLOSE NIFTY FUT 5200.25 NIFTY SPOT 5193.60
TREND - VOLATILE - SIDEWAYS
TREND DECIDER FOR TODAY <<<5170 >>> ..... <<< 5210 >>>
ENTER TRADE ONLY IF LEVELS SUSTAIN ABOVE OR BELOW FOR MINIMUM 5 MINS
BUY ABV 5224.00 SL 5206.85
TGT 5234.95 > << 5248.55 - 5259.00 >> < 5270.25 > << 5280.20 -5295.65 >> << 5307.20 - 5320.65.>>
NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5225-35 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 5189.05 > <<5178.50 - 5165.25 >> < 5154.45 - 5143.85 ><< 5133.45 - 5123.95 >> < 5112.85
SUSTAINS BELOW 5100 FOR 5-10 MINS TRADE FOR TGT 5080- 5065-5048. GOOD BUYING ARE 5020-5000-4965
FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 5165-5185 SL 5150 FOR TGTS AS MENTIONED ABOVE
SHORT AT OR BLW 5255 -65 SL 5275.00 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 5165 - 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 YAHOO MESSENGER. NEVER BUY IN A FALLING TREND AND VICE A VERSA
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN GAP UP. NIFTY FUT SHEDS OPEN INTEREST BY 8.76% WITH DECREASE IN VOLUME BY 15.00% AND THAT INDICATES SHORT COVERING. NIFTY FUTURE MAY TRADE VOLATILE WITH POSITIVE BIAS
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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