Wednesday, September 29, 2010

29th September 2010 (PreMarket)

Good Morning

Yesterday, A last hour surge in the market saw Nifty close flat after a session that was soft and volatile. Sell-off was seen in banks and IT but power and capital goods showed strength. Global markets were weak with Asia closing lower while Europe was trading soft. US market closed in green last night.

As told we see Nifty in range bound till it crosses 6108-22 coming session, till than for this expiry we may aspect nifty to close around 6000 level.

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:: FII Activity ::

FII activity in Equity Rs. +573.13 Cr. as on 28th Sept. 2010
FII activity in Futures Rs. -601.74 Cr. as on 28th Sept. 2010
DII activity in Equity Rs. -905.32 Cr. as on 28th Sept. 2010

Resistances : 6048-6076-6090-6122 (Bold indicates strong level)
Supports : 6032-6004-5990-5958 (Bold indicates strong level)

:: Trend Decider Level ::

Good Above 6032 and Weak Below 6022

:: Todays PreMarket Trades ::

Nifty LTP: 6055.20 High: 6064.85 Low: 6003.00 Previous Close: 6053.80

Uptrend

If opens flat
Buy around 6052 with StopLoss 6026
Target 6072 2nd Target 6092

If opens Gap Down
Buy at 6032 till 38 with StopLoss 6012
1st Target 6052 2nd Target 6072
If sustain above 6078 for 2mins 3rd Target 6092-6102

Downtrend

Sell only at 6002 with StopLoss 6032
1st Target 5992 2nd Target 5972

Only for Risky Traders
Sell around 6024 with StopLoss 6052
Target 6006
Than follow downtrend

Given STBT Trade :

SELL at 6052-58 with StopLoss 6099
1st Target 6030 (Achieved)
2nd Target 6010 (Achieved)

:: Positional Trade Alert ::

Given Sell around 6072-82 with SL 6108 Targets 5972-5944-5922
Yesterday booked 50% profit at 6010
Today, Revise your StopLoss or 6060

:: 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...

Nifty in view of experts