22nd Sept 2010 (PreMarket)

Good Morning,

Neglect all bearish technical terms and manipulate rally still on, heading towards all time high.

Due to very fast movement, some profit booking cannot be ruled out. However, those corrections should be taken as an opportunity to get into the market. Still Safe Traders should maintain caution at higher levels.

Yesterday, It was another wonderful day for the Indian market which saw the Sensex and Nifty cross the 20000 and 6000 mark, and signal the continuance of the bull run. Global cues were flat but strong inflows of FIIs is keeping our market's upward momentum going. Today, capital goods, technology and healthcare were strong but the broader markets were weak and there was selling pressure in midcaps and smallcaps. Sensex close at 20001, up 95 points and Nifty at 6009, up 28 points from the previous close.

As mentioned earlier again, Techically, Nifty is in Extreme OverBought zone from last week. As told we have seen some profit booking around 6040-60 levels in last session. Today also please be very careful at higher levels, avoid creating fresh long position at higher level.

:: FII Activity ::

FII activity in Equity Rs. 2311.77 Cr. as on 21st Sept. 2010
FII activity in Futures Rs. 517.18 Cr. as on 21st Sept. 2010
DII activity in Equity Rs. -1259.98 Cr. as on 21st Sept. 2010

Resistances : 6004-6048-6066 (Bold indicates strong level)
Supports : 5950-5928-5904 (Bold indicates strong level)

:: Trend Decider Level ::

Good Above 6004 and Weak Below 5980

:: Todays PreMarket Trades ::

All StopLoss and Targets are Fake Only Members Get Actual Levels

Uptrend (If open Flat)

Buy around 6012 till 6020 with StopLoss 9658
1st Target 4360 2nd Target 2856

Downtrend

Sell at 5984 with StopLoss 6120
1st Target 3294
If sustain below 3290 for 1 min 2nd Target 2944 - 28

(After Giving High around 6072-82)
Sell around 6072 with StopLoss 6120
1st Target 3248 2nd Target 2934-28

:: Given BTST Trade::

Buy at 6005 StopLoss 5970
Target 6066 (Book 50% at 6046)

:: Positional Trade Alert ::

New Short term Risky Sell Signal (Please trade in small quantities only.)
Sell around 6072-82 with SL 6120 Targets 3248-2934

All StopLoss and Targets are Fake Only Members Get Actual Levels

ALL TRADES ARE RISKY - TRADE IN SMALL QUANTITY ONLY

:: 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.

Join angeltrade.vardhman@yahoo.com for Live Trades and BTST Trades

Visit vnifty.blogspot.com Regularly to Earn Regularly

...WISHING YOU A VERY HAPPY TRADING...