:: Nifty Overall View ::
Good Morning,
Todays Market seems to Open Flat and than Bullish. Till Now 5100 became a key level for Market Trend, Safe Traders are advised to buy in deep if opens gap down, a sharp up move is seen till 5140. 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.
Resistances : 5122-5144-5166-5188 (Bold Indicates Strong Resistance)
Supports : 5101-5078-5056-5026 (Bold Indicates Strong Support)
:: Trend Decider Levels ::
Above 5124 : Good and Below 5070 : Weak
:: Todays PreMarket Trade ::
Uptrend
Buy around 5101 StopLoss 5080
1st Target 5122 and 2nd Target 5144
Risky Trade : If Nifty sustain above 5148 for 5-mins
Buy at 5151 with StopLoss 5134
1st Target 5164
After achieving 1st Target Revise your StopLoss to 5156 for 2nd Target 5182
Risky Trade : If makes high near 5160-63 but not able to cross 5168
Sell at 5150 StopLoss 5168
1st Target 5136 2nd Target 5122
Downtrend
Sell Below 5070 with StopLoss 5080
1st Target 5049 2nd Target 5036
:: 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
:: Remember Always ::
We suggest to keep at least 1% of its price as SL in All Equity Stocks.
All PreMarket and Live Trades are for Intraday Trading Only.
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