Good Noon,
:: Nifty Overall View ::
Nifty open flat due to Overall market presure, but may come down till 5180. Currently we see Nifty in OVERBought Zone. Profit Booking might again come at 5220-30. Overall momentum looks weak, nowonwards watch downtrend below 5150.
:: Nifty Volume Watch ::
Nifty still forming SELL signal but a small bounce back for short term will be seen till 5248. This time it has generated this pattern with very good volume.
Resistances : 5204-5216-5234 (Bold Indicates Strong Resistance)
Supports : 5180-5164-5148-5124 (Bold Indicates Strong Support)
:: Trend Decider Levels ::
Above 5210 : Good and Below 5160 : Weak
No Trading For Safe Traders Between this two levels
:: Todays Live Trade :: (Only For Risky Traders)
Uptrend
Buy around 5182 StopLoss 5160
1st Target 5208 and 2nd Target 5222
Nifty if sustain above 5238 for 2-minutes than 3rd Target 5252.
Downtrend
Sell Below 5158 with StopLoss 5182
1st Target 5140 2nd Target 5126
Nifty if sustain below 5124 for 2-minutes than 3rd Target 5104.
:: Be Alert ::
Safe Traders are suggested to keep aside from Intraday Trading and wait till Nifty crosses our trend decider levels.
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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