Good Evening,
Current Nifty Spot at 5256.15 and Current Nifty Future at 5268.50
Today Selling pressure intensified as Nifty hit fresh intraday lows in mid-afternoon trade. Asian and European stocks and US index futures slumped. Metal stocks tumbled after the Conference Board corrected down its April 2010 gauge for the outlook of China's economy. Banking and realty stocks also fell.
The Insurance Regulatory and Development Authority (Irda) announced drastic changes to Unit Linked Insurance Plans (Ulips) on Monday, 28 June 2010, cutting agent commissions, increasing the lock-in period and making it a more risk-based product. The move follows last week's government ordinance on these popular insurance-investment plans, bringing them squarely under Irda's purview.
:: Given Todays PreMarket Trades ::
Uptrend
Buy at 5330 with StopLoss 5306 (Nifty High 5322)
Downtrend
Sell Below 5289 with StopLoss 5309
1st Target 5272 (Achieved)
2nd Target 5258 (Achieved)
If sustain below 5254 for 2-minutes than 3rd Target 5240 (Nifty Low 5240.10)
(Profit Earned Almost 31 points + 14 points)
Risky Trades
Only If opens gap up around 5350-55 (Not Came)
Only If opens gap down around 5310-15 (Nifty Open at 5322)
:: Given Todays Live Trade ::
(ONLY FOR RISKY TRADERS)
Buy at 5266 with StopLoss 5256 for Target 5282
(Nifty came till 5274 and Closed at 5268)
:: Positional Nifty Alert ::
NEW-or-Fresh Positional Investers may BUY around 5320 with SL 5230 for Target 5542-5600 in July Expiry. (Still Not Active)
:: Suggestion-LongTerm Stratagy ::
IF you are holding Long Positions, Keep Stop Loss Below 5230.
IF you are holding Short Positions, Keep Stop Loss Above 5398
:: 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...
