Market Today
Good Morning, Nifty may open some gap up around 5630-40. As told in earlier post it seems a range bound between 5540-5640, we dont see much higher side. All the major stocks are now into neutral zone. Techically, we dont see any major up move now, we may see todays market coming down from 5650 levels.
Banking stocks were clearly very positive on Thursday, however oil & gas, healthcare and FMCG stocks witnessed slight selling pressure. Market breadth was positive. Now today there are no such moves seen from techical view.
Kindly, SAFE TRADERS avoid trading for today.
:: FII Activity ::
FII activity in Equity Rs. 987.99 Cr. as on 9th Sept. 2010
FII activity in Futures Rs. 212.17 Cr. as on 9th Sept. 2010
DII activity in Equity Rs. -201.53 Cr. as on 9th Sept. 2010
Resistances : 5632-5650-5686-5712 (Bold indicates strong level)
Supports : 5610-5594-5570-5554 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5650 and Weak Below 5610
:: Todays Market Trades ::
:: Special Trades for Opening Bell ::
If Gap Up Open
Sell around 5642-50 with StopLoss 5***
1st Target 5*** 2nd Target 5***
If Gap Down Open
Buy around 5594 with StopLoss 5***
1st Target 5*** 2nd Target 5***
:: New Positional Trade Alert ::
Given Sell Nifty around 5636-50 for Target 5***-5*** with StopLoss 5***
On Thursday we triggred this trade.
Nifty Actual High 5640+ and Closed at 5631.
:: 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.
...WISHING YOU A VERY HAPPY TRADING...
