Wednesday, July 7, 2010

7th July 2010 (Review)

Market Today

The market edged lower in early trade tracking weak Asian stocks. The market extended losses to hit fresh intraday low in morning trade. The market trimmed losses in mid-morning trade. The market moved in a narrow range in early afternoon trade. Weak opening of European stocks dampened investor sentiment in early afternoon trade. A bout of volatility was witnessed in mid-afternoon trade as the market hit fresh intraday low, soon after cutting losses. The market extended losses to hit fresh intraday low 5235.60 in late trade.

Asian shares traded broadly lower, as weak US economic data released overnight reignited worries about global economic growth, with financial and technology stocks hurt across markets. The key benchmark indices in Hong Kong, Indonesia, Taiwan, Singapore, Japan and South Korea fell by between 0.19% to 1.13%. However, the key indices in China and Singapore bounced back into positive territory. China's Shanghai Composite was up 0.49%.

:: Trend Decider Level ::

Trend Decider Level for tomoro are same as today...
Good Above 5320 and Weak Below 5282

:: Given Todays PreMarket Trades ::

Uptrend
Buy above 5320 with StopLoss 5294 (Not Came)

For Risky Traders
As Opened Gap Down around 5286-90 (Open 5287.95)
Buy at 5286 with StopLoss 5264 (SL Hit)

For Risky Traders
Sell at 5312 with StopLoss 5322 (Not Came)
Sell at 5278 with StopLoss 5296
1st Target 5266 (Achieved)

:: Given Todays Live Trades ::

Buy at 5244 with StopLoss 5222 (Close 5247.25)
1st Target 5264 2nd Target 5284
(Risky Traders have done BTST as per this Trade)

:: 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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...WISHING YOU A VERY HAPPY TRADING...

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