Good Morning,
Yesterday, Nifty made an uptrend with huge volume and made the closing above 5400. We seen Nifty was in range bound between 5354-5384 levels, today we can see good support formation between these two levels. So, 5372 level will be todays Strong Support.
In todays trading sessions we might see some more upside movement. The uptrend in Nifty may continue and the next Resistance seems around 5454-5482 level. Momentum strong but still too many hurdle at higher level so be careful at higher level, keep strict stoploss and trade in small quanities. The stoploss for all new buyers in Nifty should be kept around 5350 level.
Resistances : 5432-5454-5480-5496
Supports : 5402-5380-5358-5332
:: Trend Decider Level ::
Good Above 5412 and Weak Below 5378
No Trading Zone for Safe Trader Between these levels
:: Todays PreMarket Trades ::
Uptrend
Buy at 5422 with StopLoss 5406
1st Target 5442 2nd Target 5454
If Sustain Above 5460 next target 5482
Downtrend
Sell below 5398 with StopLoss 5414
Target 5378
For Risky Traders
Sell around 5486 with StopLoss 5499
1st Target 5466 2nd Target 5456
For Risky Traders
Buy at 5382 with StopLoss 5358
Target 5402
:: Positional Nifty Alert ::
Given BUY around 5230 with SL 5180-65 to NEW-or-Fresh Positional Investers for Target 5542-5600 in July Expiry. Please Revise your Stoploss to 5320 as of Now.
:: 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...
