Good Morning,
Yesterday, Market closed with a sharp decline and both indices were deep in red. All the sectors were hit by selling pressure with realty being the leader among the losers. Healthcare closed with slight gains though. Top Nifty gainers were Tata Power, Dr Reddy's and Hero Honda and losers included Tata Steel, Sesa Goa, IDFC and DLF.
We mentioned Nifty, in Range bound between 6142-6248, yesterday. Now, 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.
:: FII Activity ::
FII activity in Equity Rs. +1182.91 Cr. as on 7th Oct. 2010
FII activity in Futures Rs. -63.61 Cr. as on 7th Oct. 2010
DII activity in Equity Rs. -1193.53 Cr. as on 7th Oct. 2010
Resistances : 6154-6178-6206-6248 (Bold indicates strong level)
Supports : 6120-6090-6060 (Bold indicates strong level)
:: Trend Decider Levels ::
Good Above 6140 and Weak Below 6110
:: Today's PreMarket Trades :: Please Join to View Full Trades
Uptrend
Buy at 6146 with StopLoss 61..
Downtrend
Sell around 6200 with StopLoss 62..
For Risky Traders
Sell below 6124 with Stoploss 61..
:: Positional Trade Alert ::
Buy near 6120-30 with StopLoss 60..
We see this expiry above 6300 level. But please trade with strict stoploss.
:: 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.
Please do not enter any PreMarket trade after 3:15.
Join angeltrade.vardhman@yahoo.com for Live Trades and BTST/STBT Trades
...WISHING YOU A VERY HAPPY TRADING...
