Good Morning,
Yesterday was a steady day of trade for Nifty which posted good gains on the back of buying in most sectors. Afternoon trade saw some kind of a dip but it managed to pull back soon after. However, the Nifty failed to hold 6200. Sectors which showed strength today include metals, oil & gas and autos while FMCG and pharma were a bit weak. Top Nifty gainers included JP Associates, Hindalco and Sterlite Industries while losers included RPower, Mahindra & Mahindra and Sun Pharma.
Still Nifty, we see in Range bound between 6142-6248 today also. Either side of breakthrough will give a major move. Till than we suggest to be very concious at higher levels and Book Profit time to time.
:: FII Activity ::
FII activity in Equity Rs. +1842.44 Cr. as on 4th Oct. 2010
FII activity in Futures Rs. +285.96 Cr. as on 4th Oct. 2010
DII activity in Equity Rs. -976.46 Cr. as on 4th Oct. 2010
Resistances : 6222-6248-6276 (Bold indicates strong level)
Supports : 6178-6154-6110 (Bold indicates strong level)
:: Trend Decider Levels ::
Good Above 6210 and Weak Below 6180
:: Today's PreMarket Trades ::
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Uptrend
Buy at 6206-12 with StopLoss 61...
Only If open GapDown or coming up from low around 6150
Buy near 6178 with StopLoss 61...
Downtrend
Sell at 6142 with Stoploss 61...
Only for Risky Trader
Sell at 6162 with Stoploss 61...
:: Yesterday Given Live Trade ::
Buy at 6206-12 with StopLoss 6182 Target 6232
We told that it may go up till 6240 but we have seen a strong resistance at 6226 and so booked profit at 6224
:: 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/STBT Trades
...WISHING YOU A VERY HAPPY TRADING...
