Good Morning,
Market opened flat and taken support at 5250-60, same as yesterday. The market breadth is positive with advances at 440 against declines of 180 on the NSE.
Most Asian stocks rose on Thursday led by commodity producers, after Australian Prime Minister Julia Gillard reached an agreement with mining companies on a resources tax. US stocks fell on Thursday as manufacturing and labor market data heightened fears of a double-dip recession before Friday's key employment report.
:: FII Activity ::
FII activity in Equity Rs. -160.61 Cr. as on 01st Jul. 2010
FII activity in Nifty Rs. -1585.94 Cr. as on 01st Jul. 2010
Resistances : 5280-5310-5330-5354
Supports : 5264-5254-5230-5180
:: Trend Decider Level ::
Good Above 5252 and Weak Below 5242
:: Todays Live Trades ::
Uptrend
Buy at 5286 with StopLoss 5262
1st Target 5310 2nd Target 5336
If sustain above 5342 for next 5-minutes than 3rd Target 5354.
Downtrend
Sell around 5249 with StopLoss 5266
1st Target 5232 2nd Target 5216
Risky Trades for Risky Traders
Buy at 5267 with StopLoss 5246
1st Target 5302 2nd Target 5322
Risky Trades for Risky Traders
Sell at 5260 with StopLoss 5280
1st Target 5242 2nd Target 5230
If sustain above 5226 for next 4-minutes than 3rd Target 5206-5182.
:: Be Alert ::
Below 5230 we see nifty to fall till 5180-65 levels.
Short Selling at higher level is Recommended Today for Risky traders.
:: 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.
:: 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
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...WISHING YOU A VERY HAPPY TRADING...
