Good Morning,
:: Todays Market View ::
The Indian market began the new week Not in a good note with our market moving within a narrow range in yesterday's session. We saw a gap-down opening and then onwards the market traded flat for most part of the day, closing with marginal cuts. Global cues were quiet, too.
Nifty might open Flat, around yesterdays closing 5480-86. Still there is no clear view about the direction of Nifty, wait for clear trend, trade with strict stoploss and with minimum quantity. Today we are likely to wittness some very good movements in Nifty. It can only happen if Nifty break or crocess our trend decider levels. As we told Nifty is in Overbought zone, still some profit booking may continue today also. Today also we see same level as given yesterday.
As suggested yesterday, NO TRADING ZONE for Safe Traders today also 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 5360
:: Todays PreMarket Trades :: (Only for Risky Traders)
Uptrend
Buy around 5364-74 with StopLoss 5350
1st Target 5384 2nd Target 5400
If sustain above 5422 for 2-mins we may see 5440-50
Downtrend
Sell below 5354 with StopLoss 5372
1st Target 5336 2nd Target 5320
Sell around 5410 with StopLoss 5422
1st Target 5378 2nd Target 5358
:: 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...
