Tuesday, July 20, 2010

19th July 2010 (Review)

Market Today

The market moved between positive and negative zone throughout the day. The market recovered from an early slide as Chinese stocks and US index futures rose. The intraday recovery gathered strength in morning trade - the market moved into positive zone. The market slipped into the red again in early afternoon trade. Weakness continued in afternoon trade after European stocks opened lower. The market moved in a range in mid-afternoon trade.

We suggested NO TRADING ZONE for Safe Traders today due to Neutral Trend in market.

Nifty Future Quote

Open : 5373.95 High : 5415.50 Low : 5369.0 LTP : 5387

FII Activity
FII activity in Equity Rs. +153.79 Cr. as on 19th July 2010
FII activity in Nifty Rs. -378.48 Cr. as on 19th July 2010

:: Given Todays PreMarket Trades ::

Uptrend

(If opens Gap Down around 5360-67 and holds 5348) (Opened 5473)
Buy around 5356-65 with StopLoss 5340 (Low 5469)
1st Target 5384 (Achieved)
2nd Target 5396 (Achieved)
3rd Target 5406 (Achieved)
and Final 4th Target 5416 (Almost Achieved)
Todays High 5415.50

If Sustain Above 5423 for 2mins it may cross 5448 (Not Came)

Buy around 5310-20 with StopLoss 5290 (Not Came)

Downtrend
If sustain below 5354 for 2-mins (Not sustained)

Sell Near 5402 with StopLoss 5418
1st Target 5378 (Achieved)
2nd Target 5362 (Came till 5476 only)

:: Given 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. Revised Stoploss 5330.
If StopLoss hit today, Buy around 5300 with Stoploss 5280.
Again, Buy above 5356 with same StopLoss and same Target.

:: 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
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...WISHING YOU A VERY HAPPY TRADING...

Nifty in view of experts