:: Market Outlook ::
Good Morning, Nifty may open around 5264-84, our Targets of yesterday's LiveTrade given from 5244 with stoploss 5222. Everyday Nifty is showing an average voletility in volumes with gradual decreasing open interest. Nifty is seen in range bound between 5230-5310. All technical charts shows same downtrend levels to every analysis all over world which is 5210-26, below it correction may come till 5180-65. But on our Fundamental analysis shows this Level as a Buying Opportunity. Uptrend also have strong resistance levels 5320-25 same as downtrend if this level crossed all are looking for 5350-80 levels on the board. We are bullish from the start of this expiry till 5540-5600 levels. Hope we will cross this 5320 level today with high volume with support of world market trend.
:: FII Activity ::
FII activity in Equity Rs. -49.24 Cr. as on 7th Jul. 2010
FII activity in Nifty Rs. -222.49 Cr. as on 7th Jul. 2010
Resistances : 5300-5316-5346-5368 (Bold indicates strong level)
Supports : 5280-5264-5228-5202 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5320 and Weak Below 5282
:: Todays PreMarket Trades ::
Uptrend
Buy above 5298 with StopLoss 5280
1st Target 5318 2nd Target 5333
If sustain above 5342 for next 2-minutes than 3rd Target 5362-82
Downtrend
Only If Opens Gap Up around 5280-86 and cant cross 5306
Sell at 5270 with StopLoss 5298
1st Target 5258 2nd Target 5244
If sustain below 5236 for next 2-minutes than 3rd Target 5214-06
For Risky Traders
Sell at 5338 with StopLoss 5348
1st Target 5318 2nd Target 5300
For Risky Traders
Buy around 5248 with StopLoss 5222
1st Target 5264 2nd Target 5300
:: 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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