Tuesday, July 6, 2010

6th July 2010 (PreMarket)

Good Morning,

Today also Market may open flat and again take support at 5230-50. It would be very interesting to watch further movements when it crosses our trend levels as it was not seen yesterday due to low volume. There will be very volatile session so be very quick to react.

Resistances : 5240-5264-5280-5316
Supports : 5220-5180-5156-5140

:: Trend Decider Level ::
Good Above 5242 and Weak Below 5222

:: Todays PreMarket Trades ::

Uptrend

Buy at 5234 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 5220 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. Revise your Stoploss to 5120 or follow special stratagy.

Special 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)

:: 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...

Nifty in view of experts