Good Morning,
Yesterday, The industrial production data for August has played a big dampener for the market sentiments and both the benchmark indices closed with sharp declines. In the last one hour of the trade, the market tried to recover some losses, but decline was too sharp to cover. Top Nifty gainers were RCom, TCS, M&M and Sun Pharma and losers included Kotak Mahindra, JP Associates, SAIL and Hindalco.
We mentioned, a strong support zone have been formed at 6060 level and Resistance now we see is at 6206. We still see Nifty heading towards Lifetime High in this October or before November mid, but all technical charts are suggesting for a down move from here. This may happen as we seen the Price Action and FIIs strength which can change the scenario.
We still recommend our all members that NEVER trade with emotions & feelings BUT always with the Levels only. Be very concious at higher levels and Book Profit time to time. Safe Traders are requested to trade in small quantity or AVOID Trading today.
:: FII Activity ::
FII activity in Equity Rs. +455.73 Cr. as on 12th Oct. 2010
FII activity in Futures Rs. -350.80 Cr. as on 12th Oct. 2010
DII activity in Equity Rs. -454.52 Cr. as on 12th Oct. 2010
Resistances : 6124-6148-6168 (Bold indicates strong level)
Supports : 6090-6060-6030 (Bold indicates strong level)
:: Trend Decider Levels ::
Only one level to see today, Good Above 6100 and Weak Below 6100
:: Today's PreMarket Trades ::
Uptrend
If open Flat and moves up
Buy at 6112 with StopLoss 61..
Target 61..
Downtrend
Sell around 6092 with StopLoss 61..
Target 60..
For Risky Traders
If gives high around 61.., but cant cross 61..
Sell at 6156 with Stoploss 61..
Target 61..
:: Positional Trade Alert ::
Given Buy near 6120-30 with StopLoss 60..
1st Target 6... 2nd Target 6... 3rd Target 6...
We see this expiry above 6300 level. But please trade with strict stoploss.
:: Remember Always ::
All our levels mentioned are of Future Nifty not Spot Nifty.
All PreMarket and Live Trades are for Intraday Trading only.
Please do not enter any PreMarket trade after 3:15.
We suggest to keep at least 1% of its price as SL in All Equity Stocks.
Kindly compare your trading with our performance report daily.
Join angeltrade.vardhman@yahoo.com for Live Trades and BTST/STBT Trades
...WISHING YOU A VERY HAPPY TRADING...
