Good Morning,
Market may open flat and take support at 5290-10. 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 again 5260-70 will act as Strong Support.
:: FII Activity ::
FII activity in Equity Rs. +957.06 Cr. as on 8th July 2010
FII activity in Nifty Rs. + 1454.88 Cr. as on 8th July 2010
Resistances : 5300-5316-5368
Supports : 5280-5264-5228
:: 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 2nd Target 5353
If sustain above 5358 for next 2-minutes than 2nd Target 5378
For Risky Traders (If Opens Gap Down)
Buy at 5286 with StopLoss 5264
1st Target 5304 2nd Target 5318
For Risky Traders (After Making High - 5374)
Sell at 5366 with StopLoss 5386 1st Target 5342
:: 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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