:: Nifty Overall View ::
As we told Nifty is in OverBought Zone, now again intraday chart indicator enter in Extreme OverBought zone. Still all technical and fundamental charts are showing no trading state. So No Trading Zone for Safe Traders.
Todays Important Level for the day is 5250. (Todays Low 5248.20)
:: Trend Decider Levels ::
Above 5262 : Good and Below 5250 : Weak
Nifty Chart of 18th June 2010 from NSEINDIA.COM
Click on Chart to Enlarge:: Given Todays Live Trade :: (Only For Risky Traders)
Uptrend
Buy around 5274 StopLoss 5254
Given Intimation to Exit at 5284
than StopLoss Hit...
1st Target 5298 and 2nd Target 5312
Downtrend
Sell Below 5268 with StopLoss 5286
1st Target 5250 (Achieved)
2nd Target 5238 (Not Came)
if sustain below 5234 for 2-minutes than 3rd Target 5216
:: Given Alert ::
For Risky Traders, Sell at Higer Level with StopLoss 5348 is recommended.
Positional traders Entered Above/at 5034 Level for Target 5374 with SL 4948 in June Expiry, revise your StopLoss 5120
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