Good Morning, we posted that Nifty may open gap up due to international market support near our 2nd Target at 5110 (Nifty Open 5123). Safe Traders are advised not to buy in Gap Up Opening, a short term correction may come till 5060.
:: Given Nifty Overall View ::
As far as Nifty hold 4986, it may bounce back till 5204 (Told in 7thJune10), still we see Nifty in Danger as far as it stays below 5151.
Nifty Chart for 11th June 2010 from NSEINDIA.COM
Click On the Chart to ENLARGE
:: Given PreMarket Trades ::
Uptrend
Buy around 5102 StopLoss 5080
1st Target 5122 (Achieved)
2nd Target 5142 (Actual High 5138 v/s our target)
Risky Trade : Only If Nifty sustain above 5150 for 5-mins
Buy at 5152 with StopLoss 5140 (Not Came)
Nifty if sustain near 5036-46 than we may see a Uptrend from this level (Not sustained)
Risky Trade : Only If Nifty after making High of 5140-46 comes Down (Came Down)
Sell at 5132 with StopLoss 5151
1st Target 5104 (Achieved)
2nd Target 5090 (Actual Low 5092.10)
:: Given Live Trade ::
BUY at 5116 with StopLoss 5100
1st Target 5134 (Came till 5128)
2nd Target 5148 (Not came)
Nifty closed at 5113.65
:: Given Alerts ::
Safe Traders are suggested to do Intraday Trading with Downtrend untill Nifty crosses 5151.
As given Positional traders, to Enter Above/at 5034 Level for Target 5374 with SL 4948 in June Expiry, revise your STOPLOSS 5020
Let your friends and relatives also ENJOY our LIVE TRADING
Tell them to Join Us on YMessenger ID : angeltrade.vardhman
...WISHING YOU A VERY HAPPY TRADING...
