Today's Market
Nifty may open gap up today. We suggest our positional traders to Start booking profit from 5450 level today , remember still our final target 5500 for today. Nifty seems to be in overbought zone. Today a very voletile session may be seen due to RIL quarterly results and RBI credit policy. So be alert and keep strict stoploss in all trades. As told yesterday, Buy in Deep around 5400 and Sell at High around 5474.
Resistances : 5454-5478-5496-5520
Supports : 5428-5400-5378-5358
:: Trend Decider Level ::
Good Only Above 5430 and Weak Below 5400
No Trading Zone between this two levels.
:: Todays PreMarket Trades ::
Uptrend
If opens Flat and than goes down but holds 5400 than
Buy around 5424 with StopLoss 5404
1st Target 5454 2nd Target 5474
If sustain above 5478 for 2 mins 3rd Target 5496
Downtrend
Only if it opens Gap Up near 5440-45 and cant cross 5458
Sell around 5444 with StopLoss 5456
1st Target 5428
:: 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 5400 as of Now.
Start booking profit from 5450 (25%), 5474 (25%), 5502 (25%), 5540 (25%)
:: 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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...WISHING YOU A VERY HAPPY TRADING...
