Friday, June 4, 2010

4th June 2010

Good Morning,

Yesterday's High 5108.80 v/s our 1st Target 5110 from 5086
Hope you have enjoyed Yesterday...

Today's Trend:

Current Price : 5097.25
Now, Nifty seems to be Range Bound in 5030 to 5160.
Breaking either sides can make a very Sharp Movement.
Technically, We see Nifty in Overbought Zone from Yesterday's Trades...

Resistances : 5110-5130-5150 (Bold Indicates Strong Resistance)
Supports : 5070-5054-5030 (Bold Indicates Strong Support)

Today's PreMarket Trades: If Nifty opens gap down

Uptrend
Buy Only around 5086 with SL 5058
1st Target 5110 and 2nd Target 5126

Nifty if sustain above 5128 for 5-minutes than
Buy again at 5134 with SL 5114
1st Target 5150 and 2nd Target 5162

Downtrend
Sell Only below 5022 with SL 5050
1st Target 5000 and 2nd Target 4986

Selling at higher level is not recommended today.

:: Be Alert ::
As suggested from last 3-4 days : Enter Only Above/at 5080 LEVEL for Target 5374 with SL 4948 in June Expiry, hope you have started buying...

:: Remember Always ::
We suggest to keep at least 1% of its price as Stop Loss in All Equity Stocks.

To ENJOY - LIVE TRADING
Join Us on YMessenger ID : angeltrade.vardhman

...WISHING YOU A VERY HAPPY TRADING...

Nifty in view of experts