ON 14th JUNE 2010 - UP or DOWN

WEEKLY TREND :

THIS WEEK WE EXPECT DOWN MOVE IN OUR MARKET. IF WE HAVE POSSITIONAL SHORT  AFTER IT REACHES THE HIGH ( 5155 - 5220 ) IN NIFTY FUTURE WE GET MINIMUM 130 POINTS TO MAXIMUM 225 POINTS. MAY BE WE BOOK PROFIT ON 4915 LEVELS. OUR MARKETS ARE NOT GO ABOVE 5225 LEVELS I THINK.
 

SELL  AT HIGHS

TODAY'S TREND :

MARKETS ARE OPEN WITH IN 5116 - 5138 LEVELS. IF IT GO ABOVE 5155 THEN IT GO AROUND 5180 - 5220 LEVELS TODAY.  IF IT IS NOT GO BEYOND 5155 LEVELS THEN IT CAME DOWN SIDE TO 5035 LEVELS AND CLOSED AROUND 5060 LEVELS.

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5225

DOWN SIDE : 5030

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

BUY NIFTY FUTURE ONLY ABOVE 5139 LEVELS THE TARGETS ARE 5151, 5168 AND 5180.

SELL NIFTY FUTURE ONLY BELOW 5090 THE TARGETS ARE 5077, 5057 AND 5030.

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 5109 AND 5113

PRACTICAL LESSON - 15:

YOU TRADE ONLY AFTER THE  BREAKOUTS  IT GIVES PROFIT.