Good Morning,
Current Nifty at 5037
Todays PreMarket Trades:
Uptrend
Buy at 5024 with StopLoss 4990
1st Target 5046 2nd Target 5068
Again Profit Booking may come around 5070-78.
But Nifty if sustain above 5070-78 for 5-minutes than 3rd Target 5098-5109.
Downtrend
Sell around 4988 with StopLoss 5008
1st Target 4968 2nd Target 4954
If it Breaks 4948 will crash again till 4880 so be alert.
Selling at higher is recommended at 5109 with stop loss 5139 for Target 5066 and 5046. Above 5140 Nifty will form New Mountain which can touch 5190.
:: Suggestion-LongTerm Stratagy ::
* IF you are holding Long Positions, Keep Stop Loss Below 4948.
* IF you are holding Short Positions, Keep Stop Loss Above 5080.
:: Be Alert ::
* MARKET may FALL sharply and will RECOVER Very sharply.
* NEW-or-Fresh Longterm Investers may wait till 2nd week of June.
* Enter Only Above/at 5080 LEVEL for Target 5374 with SL 4948 in June Expiry.
Also We suggest to keep at least 1% of its price as Stop Loss in All Equity Stocks.
To ENJOY - LIVE TRADING
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....Wishing You A Very Happy Trading....
