Friday, June 18, 2010

18th June 2010 (LiveMarket)

:: Nifty Overall View ::
Good Morning, as we told Nifty is in OverBought Zone, now again intraday chart indicator enter in Extreme OverBought zone. Still all technical and fundamental charts are showing no trading state. So No Trading Zone for Safe Traders. Todays Important Level for the day is 5250.

Resistances : 5252-5272-5300-5330 (Bold Indicates Strong Resistance)
Supports : 5232-5204-5180-5164 (Bold Indicates Strong Support)

:: Trend Decider Levels ::
Above 5262 : Good and Below 5250 : Weak

:: Todays Live Trade :: (Only For Risky Traders)
Uptrend
Buy around 5274 StopLoss 5254
1st Target 5298 and 2nd Target 5312
if sustain above 5316 for 2-minutes than 3rd Target 5334.

Downtrend
Sell Below 5268 with StopLoss 5286
1st Target 5250 2nd Target 5238
if sustain below 5234 for 2-minutes than 3rd Target 5216

:: Be Alert ::
For Risky Traders, Sell at Higer Level with StopLoss 5348 is recommended.
Positional traders Entered Above/at 5034 Level for Target 5374 with SL 4948 in June Expiry, revise your StopLoss 5120

:: Remember Always ::
We suggest to keep at least 1% of its price as SL in All Equity Stocks.
All PreMarket and Live Trades are for Intraday Trading Only.

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

Nifty in view of experts