Market Today
Good Morning, As told yesterday, as per Technical charts, still we see nifty in Oversold zone. We suggest safe traders to wait till confirmation while shorting at lower levels. Today also we may see good volatile session as yesterday.
Yesterday was a weak day for our market which, on the back of negative cues from its global peers, traded choppy and in the red throughout the day. Profit booking was seen in most sectors, especially infrastructure and real estate. Auto, however, saw some buying interest. But a late surge helped our Nifty close just above the 5400 mark and with small cuts.
As told earlier, Each and everything against bullish trend and breaking 5430 level it may go till 5400-5378 levels. As seen Nifty taken support at 5356 level on Tueday, near our strong support level, it seems to move up till 5460-90 levels in short term. Today also keep STRICT STOPLOSS in both side while trading.
:: FII Activity ::
FII activity in Equity Rs. 287.88 Cr. as on 31st Aug. 2010
FII activity in Nifty Rs. -706.48 Cr. as on 31st Aug. 2010
Resistances : 5430-5454-5472 (Bold indicates strong level)
Supports : 5400-5384-5364 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5418 and Weak Below 5406
:: Todays PreMarket Trades ::
ONLY MEMBERS CAN VIEW THIS TRADES
Special Trades for Volatile Opening :
If open Gap Down and dont break 5386
Buy at 5*** with StopLoss 5***
1st Target 5*** 2nd Target 5***
If open Gap Up and dont cross 5454
Sell around 5*** with StopLoss 5***
Target 5***
If sustain below 5*** for 2-mins 3rd Target 5***
If open Flat around 5400-5410 than
Uptrend
Buy only above 5*** with StopLoss 5***
1st Target 5*** 2nd Target 5***
If sustain above 5*** for 5-mins 3rd Target 5***
Downtrend
Sell below 5*** with StopLoss 5***
1st Target 5***
For Risky Traders
Sell around 5*** with StopLoss 5***
Target 5***
If sustain below 5*** for 2-mins 2nd Target 5***
Below 5*** wait for downtrend to confirm.
:: Positional Nifty Alert ::
Given Buy Nifty around 5***-5*** till 5*** for Target 5***-5***.
Given Stoploss 5*** just HIT on screen but our all members are SAFE and holding it.
We see Nifty at 5***+ for September Expiry, till it gives close below 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.
...WISHING YOU A VERY HAPPY TRADING...
