:: Nifty Overall View::
Good Morning, As mentioned earlier Nifty is in OverBought Zone. Due to very low volume in Nifty, Technical and fundamental charts are showing downtrend signal. Today Nifty might open Near our 3rd Target of Yesterday 5288. As told a short term correction may come till 5290, today that correction will be over so as far as Nifty hold 5286-68, again it may bounce back till 5400, and that’s why we also suggest you to avoid shorting in Gap Down Opening.
Yesterday Given : MARKET may FALL sharply and will RECOVER Very sharply.
Resistances : 5330-5345-5374
Supports : 5300-5272-5244
:: Trend Decider Level ::
Good Above 5310 and Weak Below 5272
:: Todays PreMarket Trades ::
Uptrend
Buy at 5310 with StopLoss 5276
1st Target 5330 2nd Target 5353
Downtrend
Sell Below 5264 with StopLoss 5276
1st Target 5248 2nd Target 5228
If sustain below 5224 for 2-minutes than 3rd Target 5210
Risky Trades
Sell at 5296 with StopLoss 5318
1st Target 5278 2nd Target 5254
:: Be Alert ::
For Risky Traders, Positional Sell at 5418 Level with StopLoss 5458 is recommended Target 5358-5308.
Target Achieved 5374 for Positional traders Entered Above/at 5034 Level with SL 4948 in June Expiry (Booked Profit 340 Points)
:: Some Important Points ::
The progress of the monsoon will be keenly watched.
Bulls expected to consolidate gains - Outlook still positive.
Liquidity is coming back in market; be stock specific.
Invest in Index Funds for Diversifying your Portfolio.
:: 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.
Let your friends and relatives also ENJOY our LIVE Trading
Tell them to Join Us on YMessenger ID : angeltrade.vardhman
...WISHING YOU A VERY HAPPY TRADING...
