:: Todays Market View ::
Uptrend in Nifty may continue as there are no major damage in the charts due to yesterdays volatile session. Nifty witnessed a correction from the higher levels, still momentum seems strong but with many hurdle at higher level so, be very careful at higher level, keep strict stoploss and trade in small quanities. Downside support for today is 5350. If Nifty holds 5350-5340 today than we recommend that traders should not go for Shorting for any more downside.
:: FII Activity ::
FII activity in Equity Rs. +569.24 Cr. as on 13th July 2010
FII activity in Nifty Rs. -429.53 Cr. as on 13th July 2010
Resistances : 5386-5402-5422-5454
Supports : 5352-5332-5318-5301
:: Trend Decider Level ::
Good Above 5386 and Weak Below 5354
:: Todays PreMarket Trades ::
Uptrend
Buy above 5386 with StopLoss 5366
1st Target 5406 2nd Target 5426
If Sustain Above 5428 next target 5452
For Risky Traders
(If opens flat and comes down but holds 5350)
Buy around 5360 with StopLoss 5340 Target 5384
For Risky Traders
(If opens Flat and cant cross 5400)
Sell below 5378 with StopLoss 5398 1st Target 5358
If sustain below 5350 for 2-mins 2nd Target 5338
:: 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 5330 as of Now.
:: PLEASE NOTE ::
Dont get panic in volatile sessions like yesterday, wait and watch is the best stratagy in such market condition. As we say always we are not compulsive traders. We give trades for Intraday Traders that does not mean we trade daily. We do remind you about our philosophy mentioned in WHO can NOT Join Us page. Please go through us before Joining Us.
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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