Good Morning,
Yesterday, It was a weak session, a day ahead of F&O settlement, due to a sell-off in most sectors, with the broader markets showing softness, too. We opened gap-up on flat global cues but thereafter, profit booking in metals, FMCG, realty and oil & gas saw the Sensex and the Nifty breach the important psychological levels of 20000 and 6000, respectively.
Today is F&O settlement,
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.
:: FII Activity ::
FII activity in Equity Rs. +756.37 Cr. as on 28th Sept. 2010
FII activity in Futures Rs. -418.25 Cr. as on 28th Sept. 2010
DII activity in Equity Rs. -835.21 Cr. as on 28th Sept. 2010
Resistances : 6020-6048-6076 (Bold indicates strong level)
Supports : 6004-5990-5950 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5990 and Weak Below 5980
:: Todays PreMarket Trades ::
Nifty LTP: 6000.40 High: 6075.00 Low: 5990.10 Previous Close: 6049.90
Uptrend
If opens flat
Buy around 5998 with StopLoss 5982
Target 6018 2nd Target 6038
If sustain above 6048 for 2mins 3rd Target 6072
If opens Gap Down and but dont break 5976
Buy at 5994 with StopLoss 5974
1st Target 6014 2nd Target 6040
If sustain above 6048 for 2mins 3rd Target 6072
If opens Gap Up around 6020
Buy at 6020 with StopLoss 6000
1st Target 6038
If sustain above 6048 for 2mins 3rd Target 6072
Downtrend
Sell only below 5974 with StopLoss 5996
1st Target 5954 2nd Target 5938
:: Given BTST Trade ::
Buy at 6000 with StopLoss 5970
1st Target 6030 2nd Target 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.
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...
