:: Market Today ::
As we told Nifty is in Overbought zone, still some profit booking may continue today, we have seen a straight Downtrend from 5410 to 5350, due to profit booking. It was a second day of lackluster trade for our market which looked quiet and subdued all day. Asia traded firm but Europe showed weakness which led to our market giving up its morning gains in late trade. Today, realty stocks showed good momentum, followed by metals.
We suggested NO TRADING ZONE for Safe Traders today also due to Neutral Trend in market.
Nifty Future Quote
Open : 5409.25 High : 5412.00 Low : 5350 LTP : 5353
FII Activity
FII activity in Equity Rs. +297.07 Cr. as on 20th July 2010
FII activity in Nifty Rs. -77.32 Cr. as on 20th July 2010
:: Given Trend Decider Level ::
Good Only Above 5416 and Weak Below 5360
:: Given Todays PreMarket Trades :: (Only for Risky Traders)
Downtrend
Sell below 5354 with StopLoss 5372 (Triggred at the end so not traded)
Sell around 5410 with StopLoss 5422
1st Target 5378 (Achieved)
2nd Target 5358 (Achieved)
:: 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.
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...
