Good Morning,
Our market opens flat with a knee-jerk reaction to Infosys disappointing Q1 numbers. The market breadth is positive with advances at 557 against declines of 274 on the NSE. US markets closed positive and Asian markets are trading mixed. Still Nifty Future did not break the 5400 level, but it is overall looking strong on charts.
:: FII Activity ::
FII activity in Equity Rs. +1001.75 Cr. as on 12th July 2010
FII activity in Nifty Rs. +609.42 Cr. as on 12th July 2010
Resistances : 5350-5368-5404-5438
Supports : 5332-5312-5286-5264
:: Trend Decider Level ::
Good Above 5380 and Weak Below 5354
No Trading Zone for Safe Trader Between these levels
:: Todays LiveMarket Trades ::
Uptrend
Buy at 5384 with StopLoss 5364
1st Target 5402
If Sustain Above 5408 next target 5422-5442
Downtrend
Sell Below 5354 with StopLoss 5378
1st Target 5334
If Sustain Below 5328 next Target 5318
For Risky Traders
Buy at 5372 with StopLoss 5352
1st Target 5390 2nd Target 5402
For Risky Traders
If Nifty does not sustain above 5408
Sell at 5398 with StopLoss 5414
1st Target 5378 2nd Target 5358
:: Positional Nifty Alert ::
Given BUY around 5230 with SL 5180-65 to NEW-or-Fresh Positional Investers for Target 5542-5600 in July Expiry. Revise your Stoploss to 5230 or follow special stratagy as mentioned in earlier posts.
:: 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...
