:: Nifty Overall View::
Good Morning, Due to good volume in Nifty at the end, Technical and fundamental charts, which were showing downtrend signal just came out from its danger level. Today Nifty might open Flat and will Remain flat till 11:47. As told yesterday that there was a short term correction till 5290 (Nifty Low Yesterday 5396.10), that correction got over. We told that Nifty if holds 5286-68, again it may bounce back till 5400, today we see it to come. We still suggest you to avoid shorting in Gap Down Opening. Todays MARKET will be very Volatile Nifty may FALL sharply and will RECOVER Very sharply, be concious every moment.
Resistances : 5345-5374-5412
Supports : 5290-5272-5244
:: Trend Decider Level ::
Good Above 5330 and Weak Below 5308
:: Todays PreMarket Trades ::
Uptrend
Buy at 5330 with StopLoss 5306
1st Target 5348 2nd Target 5363
If sustain above 5274 for next 5-minutes than 3rd Target 5399-5412.
Downtrend
Sell Below 5294 with StopLoss 5306
1st Target 5272 2nd Target 5258
If sustain below 5254 for 2-minutes than 3rd Target 5240
Risky Trades
Sell at 5396 with StopLoss 5418 1st Target 5372
:: Be Alert ::
From the begining of June Expirty we expected near Nifty to close at 5374 level.
For Risky Traders, Short Term Positional Sell at 5418 with StopLoss 5458 is recommended in July Expiry.
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 our levels mentioned are of Future Nifty not Spot Nifty.
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...
