Market Today
Good Morning, Nifty may open gap down due to some technical factors around 5509-5512. Each and everything against bullish trend.
Last Trading day, the market closed a dull and range-bound session with moderate cuts on the back of profit booking in most sectors, especially in heavyweights. IT stocks were weak in today's trade as also were FMCG, financials, metals, cement and telecom while realty showed some strength. The market breadth was negative.
Last week the Nifty came to 2.5 years highs. Now, Nifty seems to face resistance in the zone of 5540-5580 and a decisive breakout above this range can take it to 5650 whereas on the support side 5430 level is to be break to go till 5400-5378 levels, and as long as this support zone is intact investors must adopt the strategy of buy in every deep.
:: FII Activity ::
FII activity in Equity Rs. +662.86 Cr. as on 20th Aug. 2010
FII activity in Nifty Rs. -781.04 Cr. as on 20th Aug. 2010
Nifty Current: 5519.90 High: 5536.90 Low: 5507.05
Resistances : 5510-5530-5555-5570
Supports : 5490-5475-5450-5430
:: Trend Decider Level ::
Good Above 5546 and Weak Below 5490
:: Todays PreMarket Trades ::
Uptrend
Buy above 5*** with StopLoss 5***
1st Target 5*** 2nd Target 5***
Downtrend
Sell Below 5*** with StopLoss 5***
1st Target 5*** 2nd Target 5***
For Risky Traders:
If open Gap Down
Buy at 5*** with StopLoss 5***
Target 5***
Buy at 5*** with StopLoss 5***
Target 5***
:: Positional Nifty Alert ::
Sell Trade is now active from Friday as Nifty crosed our triggred level 5526-30
(High 5536.90) Given Target was 5*** but Book profit around 5***. Keep Strict Stoploss 5***
:: 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...
