:: Given Overall View ::
Good Afternoon,
Safe Traders were advised to buy in deep if opens gap down, a sharp up move was seen till 5140.
(Nifty Open 5138.25)
As told earlier - As far as Nifty holds 4986, it may bounce back till 5204 (Told in 7thJune10), we see Nifty in Danger till it stays below 5151.
(Today it crossed 5151 and near our Target 5204 Nifty High till now 5202.20)
:: Trend Decider Levels ::
Above 5124 : Good and Below 5070 : Weak
:: Given PreMarket Trade ::
Uptrend
Buy around 5101 StopLoss 5080
1st Target 5122 (Achieved Open 5138.25)
2nd Target 5144 (Achieved)
Risky Trade : If Nifty sustain above 5148 for 5-mins
Buy at 5151 with StopLoss 5134
1st Target 5164 (Achieved)
2nd Target 5182 (Achieved)
:: Be Alert ::
Safe Traders are suggested to do Intraday Trading with Uptrend with stoploss of 5078.
As given Positional traders, to Enter Above/at 5034 Level for Target 5374 with SL 4948 in June Expiry, revise your StopLoss 5020
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