Good Noon,
Current Nifty Spot at 5256.15
Current Nifty Future at 5268.50
FII Activity in Equity Rs -261.15 Cr. as on 29th Jun. 2010
FII Activity in NIFTY Futures Rs. -1458.22 Cr. as on 29th Jun. 2010
Today Nifty weakened once again after turning positive to hit fresh intraday highs in morning trade. Weak Asian stocks weighed on investor sentiment. Index heavyweight Reliance Industries (RIL) extended initial gains. But, banking and IT stocks fell. The market breadth was negative.
Prime Minister Manmohan Singh said on Tuesday, 29 June 2010, said capital inflows have not become a problem for the Indian economy as of now and the country does not face a situation that requires imposition of capital controls.
Nifty at the end, Technical and fundamental charts, which were showing downtrend signal just came out from its danger level for a day but now it is again showing downtrend signal with high volume.
We are likely to wittness the recent 7th April 2010 highs of 5400 levels very soon if Nifty sustain and close above 5354.
We suggest you to avoid shorting at all level. Todays MARKET will be very Volatile, be concious every moment.
Resistances : 5274-5290-5320
Supports : 5254-5220-5190
:: Trend Decider Level ::
Good Above 5230 and Weak Below 5218
Today there are no permarket trades.
:: Todays Live Trades ::
Uptrend
Buy at 5230 with StopLoss 5206
1st Target 5248 2nd Target 5268
If sustain above 5278 for next 5-minutes than 3rd Target 5298-5314.
Downtrend
Sell around 5294 with StopLoss 5318
1st Target 5272 2nd Target 5258
Risky Trades for Risky Traders
Buy at 5277 with StopLoss 5251
1st Target 5294 2nd Target 5314
:: Positional Nifty Alert ::
NEW-or-Fresh Positional Investers may BUY around 5230 with SL 5180-65 for Target 5542-5600 in July Expiry.
:: Suggestion-LongTerm Stratagy ::
IF you are holding Long Positions, Keep Stop Loss Below 5220.
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.
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...WISHING YOU A VERY HAPPY TRADING...
