Good Morning, Nifty is now in very crutial stage. Please be very careful at higher levels, atleast avoid creating fresh long position at higher level from now. Also we suggest to Wait for fresh short position, ONLY after conformation.
Yesterday, was a great start to the week for the our market which witnessed a runaway rally till 5777, with the banking space posting life-time highs. In keeping with positive global sentiments, Largecap stocks outperformed the smallcap sector. Real estate and metals too showed strength but the telecom sector was weak.
Today also we may see a very volatile session as seen in last 2-3 sessions with good volumes. Technically, Nifty is in OverBought zone from Thursday, it can correct till 5650-5680 levels anytime. We see a very good support formed at 5700-5710 levels till now and resistance still lies around 5790 which will be crossed today in early session. Further we may find some profit booking around 5830-40 levels. More higher side we may see around 5870-98 in coming session.
SAFE TRADERS Please avoid trading for today.
:: FII Activity :: REMARKABLE
FII activity in Equity Rs. 2519.88 Cr. as on 13th Sept. 2010
FII activity in Futures Rs. 25.38 Cr. as on 13th Sept. 2010
DII activity in Equity Rs. -960.81 Cr. as on 13th Sept. 2010
Resistances : 5788-5810-5832 (Bold indicates strong level)
Supports : 5748-5734-5710 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5764 and Weak Below 5748
:: Todays Market Trades :: (All trades are Risky Trades)
Uptrend
Buy around 5766 with StopLoss 5***
1st Target 5*** 2nd Target 5***
if it sustain above 5*** for 1-min 3rd Target 5***
If open Gap Up
Buy at 5800 with StopLoss 5**0
1st Target 5**0 2nd Target 5**8
Downtrend
Sell below 5736 with StopLoss 5***
1st Target 5***
If it crosses 5838 and does not crosses 5**8
Sell around 5**8 with StopLoss 5**8
1st Target 5**8 2nd Target 5**0
:: Positional Trade Alert ::
Given Sell Nifty around 5636-50 for Target 5560-5554 with StopLoss 5700
(SL HIT)
:: 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...
