Market Today
Good Morning, Nifty may open flat around 5458-5468. A rally in late trade saw a second day of consolidation on a good note. Still Nifty is in Nutural Zone, it has crossed the crutial level of 5454-5460 but with very LOW VOLUMES.
Yesterday was a good day for the Indian market which had a quiet opening and flat session for most part but closed at the high point of the day after a last-minute surge on the back of strong buying. The Nifty closed at a new 30-month high and IT was the standout performer in trade today.
:: FII Activity ::
FII activity in Equity Rs. +688.69 Cr. as on 4th Aug. 2010
FII activity in Nifty Rs. -2.18 Cr. as on 4th Aug. 2010
Resistances : 5436-5458-5482-5510 (Bold indicates strong level)
Supports : 5422-5400-5380-5345 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5460 and Weak Below 5440
:: Todays PreMarket Trades ::
Uptrend
Buy above 5464 with StopLoss 5***
1st Target 5*** 2nd Target 5***
If crosses 5*** and sustain for 2-mins 3rd Target 5***
Downtrend
Sell Below 5426 with StopLoss 5***
1st Target 5*** 2nd Target 5***
For Risky Traders
If open Gap Up
Buy at 5492 with StopLoss 5***
1st Target 5***
:: Positional Nifty Alert ::
Nifty must be sold at 5526-30 levels for target 5***
:: 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...
