ON 31st MAY 2010 - CHOPPY AND VOLATAIL

ON FRIDAY OUR MARKETS AT LAST HOURS MAKE A UP MOVE. THERE IS AROUD 20 POINTS DISCOUNT IN NIFTY FUTURE AND SPOT, IT IS A BEARISH SIGNAL.
TODAY DOW HOLIDAY, ASIAN MARKETS ARE OPEN IN MIXED WAYS SO IN OUR MARKETS ALSO WE MAY GET VOLATAIL RESULTS.

TODAY DOWN MOVE ALSO RESTRICTED IT MAY NOT GO BELOW 4987 I THINK

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5110

DOWN SIDE : 4933

IN BETWEEN THESE WHAT IS OUR BUY/SELL LEVEL WE SAW THAT FIRST :

BUY NIFTY FUTURE ONLY ABOVE 5067 LEVELS THE TARGETS ARE 5083, 5096 AND 5110.

SELL NIFTY FUTURE ONLY BELOW 5010 THE TARGETS ARE 4994, 4969 AND 4953.

THESE TWO ENTRY LEVELS ARE STRONG SUPPORT AND RESISTENCE LEVELS SO IT IS BREACHED THEN THE MARKETS JUMPED ON THAT SIDE. IF CHOPPY MARKET HELD MARKETS GO TO THIS BUY LEVEL TO SELL LEVEL OR VICE VERSA.

STOPLOSS FOR BOTH THIS LEVELS ARE 4935

PRACTICAL LESSON - 10 :

IN CHOPPY AND VOLATAIL SESSIONS AVOID TRADING.