Good Afternoon,
Current Nifty Spot at 5251.40 and Current Nifty Future at 5259
As told that Nifty likely to take support at 5250-60, average trading happen at 5252.53.
Market Today :
The Nifty opened weak, tracking lower Asian stocks. The market extended losses in morning trade. The Nifty weakened once again to hit fresh intraday low in early afternoon trade. The market recovered from lower level in afternoon trade soon after hitting a fresh intraday low of 5231. The intraday recovery gathered steam in mid-afternoon trade and lead it to touch 5268 level.
Lower food price inflation and reports of revival of monsoon rains in soybean-growing areas of central region, aided the recovery on the domestic bourses. The market breadth turned positive from negative. Metal, IT and realty stocks fell.
We still believe, if Nifty breaks 5230 level, a fall till 5180-65 levels is possible.
:: Given Todays PreMarket Trades ::
Buy at 5310 with StopLoss 5282 (Not Came)
Sell around 5292 with StopLoss 5314 (Not Came)
Risky Trades for Risky Traders
Buy at 5258 with StopLoss 5232
Before this trade we gave our LIVE TRADE:
Buy Nifty at 5244 StopLoss 5222 (Nifty Low 5231)
1st target 5264 (Achieved)
2nd target 5284 (Came till 5268)
Closed at 5259
Risky Trades for Risky Traders
Sell at 5232 with StopLoss 5258 (Not done)
:: Given BTST Trades ::
NIFTY
Buy at 5255 with StopLoss 5230
1st Target 5285 2nd Target 5310
Equity - IGL (Code 532514)
BUY at 265-67 with Stoploss 258
Targets 272-276-280
:: Positional Nifty Alert ::
* NEW-or-Fresh Positional Investers may BUY around 5230 with SL 5180-65 for Target 5542-5600 in July Expiry. Nifty came around 5230 so our positional trade got active.
* Please Note: Given BUY around 5320 in earlier post but even that was not triggred.
:: Be Alert ::
* Report on Currency and Finance to be released on July 1, 2010 at 5.00 PM
* Rupee dropped to its lowest level in more than three weeks on Thursday, weighed down by falling stocks and the dollar's gains versus major currencies.
:: 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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Tell them to Join Us on YMessenger ID : angeltrade.vardhman
...WISHING YOU A VERY HAPPY TRADING...
