Good Morning,
We have not updated any premarket trades yesterday due to constant Neutural Trend seen in Nifty. Nifty in Range Bound between 5330-5420. Today Nifty may open Gap Down due to global cues. Now it is in very crutial stage. Safe Traders Please avoid buying at higher levels around 5400, they can Buy Only above 5426 levels. Kindly keep strict StopLoss and Trade in small quanities only. From today we will see good volatile sessions which we have not seen from 14th July. We hope for good volumes today.
5330 is the major Support which has to be break to prove the weakness, and unless the NIFTY is trading above this level, the Markets are positive. Yesterdays close was above 5400 levels. We mentioned that If NIFTY closes above 5400 levels today, further we may see a non stop rally till 5480-5500 in coming days.
Due to Neutral Trend in market, we suggested NO TRADING ZONE for Safe Traders till our Trend Decider Levels are marked.
FII Activity
FII activity in Equity Rs. +362.44 Cr. as on 21st July 2010
FII activity in Nifty Rs. + 73.23 Cr. as on 21st July 2010
Resistances : 5386-5402-5422-5454
Supports : 5352-5332-5318-5301
:: Trend Decider Level ::
Good Only Above 5416 and Weak Below 5370
:: Todays PreMarket Trades :: (Only for Risky Traders)
Uptrend
(If opens gap down)
Buy around 5374-84 with StopLoss 5354
1st Target 5399
(If opens Flat/Gap Up)
Buy above 5408 with StopLoss 5384
1st Target 5414 2nd Target 5422
If sustain above 5428 for 2-mins we may see 5440-45
Downtrend
Sell below 5360 with StopLoss 5382
1st Target 5344 2nd Target 5332
Sell above 5422 with StopLoss 5448
1st Target 5400 2nd Target 5386
:: Be Alert ::
Selling at Higher Level is recommended near 5420-30 with StopLoss 5455 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...
