Good Morning,
Current Nifty at 5056.50
Todays PreMarket Trades:
Resistances : 5050-5080-5110-5140
Supports : 5014-5000-4986-4949
Uptrend
Buy around 5044 with StopLoss 5024
1st Target 5068 2nd Target 5086
Nifty if sustain above 5070-78 for 5-minutes than 3rd Target 5109.
Selling at higher level is recommended around 5109 with StopLoss 5140, 1st Target 5088 and 2nd Target 5068
Downtrend
Sell around 5024 with StopLoss 5048
1st Target 5001 2nd Target 4986
If sustain below 4984 for 5 min than
Sell at 4978 with StopLoss 4996 Target 4966-4952
:: Suggestion-LongTerm Stratagy ::
* IF you are holding Long Positions, Keep Stop Loss Below 4970.
* IF you are holding Short Positions, Keep Stop Loss Above 5080.
:: Be Alert ::
* Today also MARKET may FALL sharply and will RECOVER Very sharply.
* NEW-or-Fresh Longterm Investers may wait till 2nd week of June.
* Enter Only Above/at 5080 LEVEL for Target 5374 with SL 4948 in June Expiry.
Also We suggest to keep at least 1% of its price as Stop Loss in All Equity Stocks.
To ENJOY - LIVE TRADING
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...Wishing You a Very Happy Trading...
