Good AfterNoon,
At noon, the market has turned absolutely flat amid volatility, having given up almost all of its early gains. The market breadth is positive.
We expect the market to consolidate by August-September and in the short term it could come out from range of 5400-5600.
We would like to preffer only BUY Signel in every Deep with Stoploss 5330 for target 5600 in this expiry.
Be very concious at lower levels. We hope all Safe Traders have not done short at support levels.
:: FII Activity :: Remarkable
FII activity in Equity Rs. -869.69 Cr. as on 3rd Aug 2011
FII activity in Futures Rs. -1354.39 Cr. as on 3rd Aug 2011
DII activity in Equity Rs. +422.48 Cr. as on 2nd Aug 2011
Resistances : 5440-5472-5502 (Bold indicates strong level)
Supports : 5402-5372-5360-5330 (Bold indicates strong level)
:: Trend Decider Level ::
Good Above 5402 and Weak Below 5400
:: Today's Live Trades ::
Uptrend
Buy at 5402
StopLoss 5372
Targets 5454-70
Downtrend
Sell below 5392
StopLoss 5408
Target 5370
:: Positional Trade :: (Active)
Buy at 5400 with target of 5560 and stop loss of 5330
:: Option Trade ::
Buy Nifty CE 5400 around 60
StopLoss 45
Target 127-184
Time Frame 5 Days.
:: Please Note ::
We are not updating our blog regularly. Please trade according to trades mentioned only and be alert due to increasing voletility.
:: 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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