NIFTY FUTURE IS STRONG OVER 4670 WEAK BELOW 4620
BUY ABV 4642.15 SL 4619.05
TGT 4651.30 - 4669.65 - 4679.25 - 4693.95 - 4719.25 - 4740.65. IF SUSTAINS ABOVE 4650 FOR 5-10 MINS /11.00AM HOLD LONGS TILL 4665 - 4700 - 4725. 4680-90 IS HEAVY SUPPLY ZONE. IF SUSTAINS, THEN EXPECT FURTHER UPMPOVE .
SELL BELOW 4626.20 SL 4638.05
TGT 4608.45 - 4593.25 - 4580.15 - 4569.25 - 4534.35 - 4515.85 - 4499.75 - 4476.20 IF SUSTAINS BELOW 4450 SELL ONLY TGT 4400, 4380
WATCH THE LEVELS IN GREEN COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. CLOSE ABOVE 4600-4620 POSITIONAL TGT 4750-4800
FOR RISK LOVERS / AGGRESSIVE TRADERS
WAIT FOR 5-10 MINS BEFORE YOU TAKE POSITION - HIGH RISK HIGH GAIN
GO LONG AT 4580+ WITH SL AT 4559 FOR UPPER TARGETS AS ABOVE
GO SHORT AT 4680-90 WITH SL AT 4710 FOR LOWER TARGETS AS ABOVE
IF OPENS AT 4680-90 SHORT FOR DECENT GAIN WITH SL OF 4710. BOUNCE BACK EXPECTED FROM 4500-4480 LEVELS IF REACHED
FOR BEGINNERS / NEW TRADERS...... LOW - HIGH OPEN --- IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS WATCH THE TREND FOR 5-10 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOPLOSS AT NEXT SUPPORT / RESISTANCE.
CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN GAP UP. ABOVE 4620+ STAY LONG, OTHERWISE, SQUARE OFF LONGS AND WAIT FOR MORE DOWNSIDE.
MARKET DATA : NIFTY FUTURE OPEN INTEREST DECREASED BY 2.4 % AND VOLUME ALSO DECREASED BY 11% . THIS SUGGESTS SQUARING OFF OF LONG POSITONS. SHORT COVERING AND FRESH LONGS WILL COME ABOVE 4690 - 4700. IF SUSTAINS FOR 5-10 MINS. VOLATILITY WILL BE SEEN AT HIGHER LEVELS. STAY CAUTIOUS.
DISCLOSURE : THE LEVELS PROVIDED ARE PURELY TECHNICAL AND BELIEVED TO WORK FAIRLY WELL. I HAVE NO POSITION IN NIFTY FUTURE AND WILL TAKE FRESH POSITION TOMORROW AS PER ABOVE MENTIONED LEVELS
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE
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