Good Morning,
Market may open flat and take support at 5300-10. Volume will be low at higher level of Nifty. It seems that nifty is coming near over bought zone in charts. Techically, we see today not much movement. Now fundamentally, Nifty may witness strong movements above 5320 levels, any sustained above this level can take nifty to 5346–5378. Today 5260-70 will act as Strong Support.
:: FII Activity ::
FII activity in Equity Rs. +342.35 Cr. as on 6th Jul. 2010
FII activity in Nifty Rs. +1060.94 Cr. as on 6th Jul. 2010
Resistances : 5300-5316-5346-5368
Supports : 5280-5264-5228-5202
:: Trend Decider Level ::
Good Above 5320 and Weak Below 5282
No Trading Zone for Safe Trader Between these levels
:: Todays PreMarket Trades ::
Uptrend
Buy above 5320 with StopLoss 5294 1st Target 5338
If sustain above 5342 for next 2-minutes than 2nd Target 5362-82
For Risky Traders
If Opens Gap Down around 5286-90
Buy at 5286 with StopLoss 5264
1st Target 5304 2nd Target 5318
For Risky Traders
Sell at 5312 with StopLoss 5322 1st Target 5286
Sell at 5278 with StopLoss 5296 1st Target 5266
:: Be Alert ::
Short Selling at higher level is Recommended Today for Risky traders with StopLoss 5388.
Today also there will be very volatile session so be very quick to react.
:: 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.
:: 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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