NIFTY FUTURE IS STRONG ABOVE 5330 & WEAK BELOW 5310
LAST CLOSE NIFTY FUT 5318.80 NIFTY SPOT 5282.00
TREND - VOLATILE - SIDEWAYS
TREND DECIDER FOR TODAY <<<5250 >>> ..... <<< 5280 >>>
ENTER TRADE ONLY IF LEVELS SUSTAIN ABOVE OR BELOW FOR MINIMUM 2-5 MINS
BUY ABV 5320.75 SL 5304.45
TGT << 5330.65 - 5340.50 >> < 5351.75 > << 5364.35 >> << 5375.25 - 5390.25.>>
NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5325-35 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. IF SUSTAINS ABOVE 5340 SHOULD TARGET 5355 - 5380 -5400
SELL/SHORT BELOW 5303.55 SL5319.65
TGT 5290.05 -5276.90 > <<5364.50 - 5252.55 - 5240.85 >> < 5225.90 -5210.65 - ><< 5200.05 - 5189.10 >> << 5170.75 >>
SELL/SHORT BELOW 5303.55 SL5319.65
TGT 5290.05 -5276.90 > <<5364.50 - 5252.55 - 5240.85 >> < 5225.90 -5210.65 - ><< 5200.05 - 5189.10 >> << 5170.75 >>
IF SUSTAINS BELOW 5170.00 FOR 5-10 MINS TRADE FOR TGT 5165 - 5154 - 5135
FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 5280 -90 SL 5265 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5340 -55 SL 5370.00 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/CHAT ROOM.
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 5260-75 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. NIFTY FUT GAINS OPEN INTEREST BY 3.45% WITH INCREASE IN VOLUME BY 2% THAT INDICATES FORMATION OF LONG POSITIONS. NIFTY FUTURE MAY TRADE VOLATILE WITH POSITIVE BIAS AND WOULD REMAIN RANGE BOUND. POSSIBILITY OF PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT.
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT. NIFTY FUT GAINS OPEN INTEREST BY 3.45% WITH INCREASE IN VOLUME BY 2% THAT INDICATES FORMATION OF LONG POSITIONS. NIFTY FUTURE MAY TRADE VOLATILE WITH POSITIVE BIAS AND WOULD REMAIN RANGE BOUND. POSSIBILITY OF PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT.
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/CHAT ROOM (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.
