After a week of ranged trading between 5325-5225, the market closed quiet and flat with a negative bias on Friday. For most part of last week, the Indian market was able to ignore weak cues from around the world and outperform. Domestic news flows had more of an impact. Last week's performance was below average Sensex down and Nifty both down 0.7%.
Today Market will open flat and take support at 5240-50, same as last trading day. It would be interesting to watch further movements when it crosses our trend levels as it will be very volatile and so quick to react.
:: FII Activity ::
FII activity in Equity Rs. -305.23 Cr. as on 2nd Jul. 2010
FII activity in Nifty Rs. -462.92 Cr. as on 2nd Jul. 2010
FII in Selling Mode
Resistances : 5240-5264-5280-5316
Supports : 5220-5180-5156-5140
:: Trend Decider Level ::
Good Above 5252 and Weak Below 5224
:: Todays PreMarket Trades ::
Uptrend
Buy at 5236 with StopLoss 5216 (Dont keep Limit just watch and Exit)
1st Target 5262 (if sustain above 1st tgt) 2nd Target 5280
If sustain above 5286 for next 2-minutes than 3rd Target 5304
Downtrend
Sell around 5224 with StopLoss 5244 (Dont keep Limit just watch and Exit)
1st Target 5202 (if sustain below 1st tgt) 2nd Target 5186
For Risky Traders
Buy at 5200 with StopLoss 5180 (Dont keep Limit just watch and Exit)
1st Target 5216 (if sustain above 1st tgt) 2nd Target 5236
For Risky Traders
Sell at 5290 with StopLoss 5314 (Dont keep Limit just watch and Exit)
1st Target 5268 (if sustain below 1st tgt) 2nd Target 5254
:: Be Alert ::
Below 5230 we see nifty to fall till 5180-65 levels.
Short Selling at higher level is Recommended Today for Risky traders with StopLoss 5320.
:: Positional Nifty Alert ::
Given BUY around 5230 with SL 5180-65 to NEW-or-Fresh Positional Investers for Target 5542-5600 in July Expiry.
Special todays Stratagy for all positional traders...
Nifty may come around 5180-60 in coming days so our positional trader are suggested to keep trial StopLoss at 5200. Once it breaks please EXIT from Buy side but dont exit from position at the end of the day. Buy again near 5176 with StopLoss 5120 or Buy again above 5209 when it comes back after breaking 5200. (AnyQuerry Call +919898633773)
:: NEWS ::
- India on Strike against hike in fuel price
- Pranab says no rollback of fuel price hike
- Monsoon may cover all India in 3-4 days
- Anil Ambani merged his Reliance Power, RNRL : Reliance Natural Resources shareholders will receive one Reliance Power share for every four they hold.
- Europe banks: stressed out, in need of clarity
- Wall St Week Ahead: Bulls on the run in shortened week
- China economy stable, but macroeconomic dilemmas - Wen
- ANALYSIS - Health and austerity: When budget cuts cost lives
- Indian Stocks May Extend Gains on GDP Outlook; Rupee Forecast to Advance
:: 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...
