Good Morning,
As posted on 10th July 2010 about the Launching of E-mini and E-micro S&P CNX Nifty futures in CME. Today is the Day, Chicago Mercantile Exchange (CME) Group, The National Stock Exchange of India (NSE) and Standard & Poor’s to offer trading institutions two smart new ways to take part in the dynamic opportunities of the Indian stock market.
To read our post of 10th July Click Here
:: Todays Market View ::
Nifty may open Gap Down due to weak Globle cues. But trend as seen in the charts is still in favor of Bulls till it does not break 5290 level. From 14th July, Nifty is trading with very low volume and we see it in Overbought Zone level. Nifty witnessed a correction from the higher levels and came in range bound level between 5350-5410.
Be very careful at higher levels, keep strict stoploss and trade in small quanities.
We suggest NO TRADING ZONE for Safe Traders today due to Neutral Trend in market.
Resistances : 5386-5402-5422-5454
Supports : 5352-5332-5318-5301
:: Trend Decider Level ::
Good Only Above 5416 and Weak Below 5354
NO TRADING ZONE FOR SAFE TRADERS BETWEEN THESE TWO LEVELS
:: Todays PreMarket Trades :: (Only for Risky Traders)
Uptrend
(If opens Gap Down around 5360-67 and holds 5348)
Buy around 5356-65 with StopLoss 5340
1st Target 5384 2nd Target 5396
3rd Target 5406 and Final 4th Target 5416
If Sustain Above 5423 for 2mins it may cross 5448
Buy around 5310-20 with StopLoss 5290
1st Target 5346 2nd Target 5364
Downtrend
If sustain below 5354 for 2-mins
Sell at 5352 with StopLoss 5368
1st Target 5332 2nd Target 5312
Sell Near 5402 with StopLoss 5418
1st Target 5378 2nd Target 5362
:: Be Alert ::
Selling at Higher Level is recommended near 5410-20 with StopLoss 5430-40 for Safe Traders.
:: 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.
If StopLoss hit today, Buy around 5300 with Stoploss 5280.
Again, Buy above 5356 with same StopLoss and same Target.
:: 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 our Risky Traders, that does not mean we also 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...
