Good Morning,
:: Todays Market View ::
Nifty may continue its uptrend as there are still no major damage seen in the charts due to volatile sessions of 14th and 15th July. Nifty witnessed a correction from the higher levels and came in range bound level between 5350-5410.
Yesterday on Technical charts Nifty seen giving slight signal of Overbought Zone but momentum seems strong due to its volume charts and price charts. Still we are firm with our Positional Target 5540-5600 in July Expiry. We suggest NOT to Sell any of your stocks and hold your position with stoploss 5330-5320 levels.
As told yesterday, be very careful at higher levels, keep strict stoploss and trade in small quanities. Downside support for today is 5350-40.
:: FII Activity ::
FII activity in Equity Rs. +365.09 Cr. as on 15th July 2010
FII activity in Nifty Rs. -457.71 Cr. as on 15th July 2010
Resistances : 5386-5402-5422-5454
Supports : 5352-5332-5318-5301
:: Trend Decider Level ::
Good Above 5386 and Weak Below 5354
NO TRADING ZONE FOR SAFE TRADERS BETWEEN THESE TWO LEVELS
:: Todays PreMarket Trades ::
Uptrend
Buy above 5386 with StopLoss 5366
1st Target 5406 2nd Target 5426
If Sustain Above 5428 next target 5448
Risky Trade
(If opens Gap Down around 5360-67 and holds 5348)
Buy around 5356-65 with StopLoss 5340 Targets 5384-5396
Downtrend
If sustain below 5360 for 2-mins
Sell at 5352 with StopLoss 5364
1st Target 5332 2nd Target 5312
Risky Trade
Sell below 5422 with StopLoss 5456
1st Target 5398 2nd Target 5378
:: 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, wait and watch is the best stratagy in this kind of market conditions. As we say always we are not compulsive traders. We give PreMarket trades and LiveTrades 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.
:: 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.
Let your friends and relatives also ENJOY our LIVE Trading
Tell them to Join Us on YMessenger ID : angeltrade.vardhman
...WISHING YOU A VERY HAPPY TRADING...
