Good Morning,
Current Nifty Spot at 5333.50
Current Nifty Future at 5338.55
FII Activity in Equity Rs +792.79 Cr. as on 28th Jun. 2010
FII Activity in NIFTY Futures Rs. + 25.21 Cr. as on 28th Jun. 2010
Nifty at the end, Technical and fundamental charts, which were showing downtrend signal just came out from its danger level. It is again showing uptrend signal but with low volume. We are likely to wittness the recent 7th April 2010 highs of 5400 levels very soon if Nifty sustain and close above 5354 today. We suggest you to avoid shorting in Gap Down Opening. Todays MARKET will be very Volatile, be concious every moment.
Resistances : 5345-5364-5384
Supports : 5290-5272-5244
:: Trend Decider Level ::
Good Above 5330 and Weak Below 5318
:: Todays PreMarket Trades ::
Uptrend
Buy at 5330 with StopLoss 5306
1st Target 5348 2nd Target 5364
If sustain above 5374 for next 5-minutes than 3rd Target 5394.
Downtrend
Sell Below 5289 with StopLoss 5309
1st Target 5272 2nd Target 5258
If sustain below 5254 for 2-minutes than 3rd Target 5240
Risky Trades
Only If opens gap up around 5350-55
Sell at 5356 with StopLoss 5369
1st Target 5336 2nd Target 5318
Only If opens gap down around 5310-15
Buy at 5316 with StopLoss 5290
1st Target 5332 2nd Target 5362
Top 10 Scripts for Future & Options :
01. RELIANCE
02. HINDPETRO
03. BPCL
04. RCOM
05. ONGC
06. RELINFRA
07. TATASTEEL
08. IOC
09. ICICIBANK
10. ABAN
:: Positional Nifty Alert ::
NEW-or-Fresh Positional Investers may BUY around 5320 with SL 5230 for Target 5542-5600 in July Expiry.
:: 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
:: 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.
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...WISHING YOU A VERY HAPPY TRADING...
