NIFTY FUTURE IS STRONG OVER 4385 WEAK BELOW 4350 LAST CLOSE 4390.00
BUY ABOVE 4380.50 SL 4345.25 TGT4408.40 - 4419.25- 4430.75 - 4443.25 - 4453.75 - 4480.35 - 4495.75. IF SUSTAINS ABOVE 4500 FOR 10-15 MINS HOLD LONGS FOR 4530 - 4555 - 4600. BE CAUTIOUS AT HIGHER LEVELS. IF NIFTY FUTURE CLEARS 4450 - 4475 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT.
SELL BELOW 4350.85 SL 4375.35
TGT 4331.05 - 4310.90 - 4290.25
IF SUSTAINS BELOW 4275 FOR 5 -10 MINS SELL ONLY TGT 4250, 4210.
WATCH THE LEVELS IN GREEN COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS. WATCH FOR UPDATES.
FOR RISK LOVERS / AGGRESSIVE TRADERS WAIT FOR 5 -10 MINS BEFORE YOU TAKE POSITION - HIGH RISK HIGH GAIN GO LONG AT 4350 - 4340 WITH SL AT 4310 FOR UPPER TARGETS AS ABOVE
GO SHORT AT 4470 - 4490 WITH SL AT 4510 FOR LOWER TARGETS AS ABOVE --- WATCH THIS BOUNCE BACK EXPECTED FROM 4350 - 4330 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 4450 STAY LONG, OTHERWISE, SQUARE OFF LONGS AND WAIT FOR MORE DOWNSIDE. MARKET DATA SHOW I
DECREASE IN OPEN INTEREST BY 1.50 % AND VOLUME DOWN BY 12 % AND THIS SUGGESTS UNWINDING OF LONG POSITIONS. EXPECT NIFTY FUT TO TRADE POSITIVE BUT WITH VOLATILITY.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOPLOSS AS MENTIONED. HOLDING POSITION AFTER STOPLOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.
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
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HI SATISH
IF THE PRICE GOES PAST GREEN COLOURS EXPECT FURTHER UPMOVE. NIFTY MAY FACE HURDLES AT THOSE POINTS. IF SUSTAINS EXPECT FURTHER UPMOVE. IF NOT SELL AND BUY/SELL AS PER THE TREND AGAIN SEE YESTREDAYS POST YOU CAN GET THE IDEA
THANKS
Hi dipa ! Good morning. U said that the prices in green color will tell us the market direction. But how to judge that and how to identify that? Pls explain how to judge and identify the trend by using the green color prices in Ur post
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