ON 15th JUNE 2010 - CLOSED IN RED

MARKETS ARE HAVING MANY MORE RESISTENCE IN UPPER SIDE. THE IMMDIATE RESISTENCE IS POSITIONED ON 5225 LEVELS I THINK IT IS NOT BREAK. BUT TODAY AFTER EUROPEN MARKETS OPEN ONLY THE TREND IS DESIDE. SO AFTER THAT YOU TRADE IS GIVES PROFITS TO YOU.

TODAY MARKETS ARE OPENED IN GREEN BUT CLOSED AT RED I THINK. SO IN SECOND SESSION THERE MAY BE A FALL. IF MARKETS GO UPPER SIDE THERE IS A GAP AT 5290 LEVELS. SO THERE MAY BE A CHANCE TO FILL  THAT GAP. IF IT IS DONE, AFTER THAT FREE FALL IN OUR MARKETS IN COMING DAYS.


TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5290

DOWN SIDE : 5096

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

BUY NIFTY FUTURE ONLY ABOVE 5192 LEVELS THE TARGETS ARE 5204, 5224 AND 5255.

SELL NIFTY FUTURE ONLY BELOW 5152 THE TARGETS ARE 5122,  AND 5096.

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 5168

PRACTICAL LESSON - 16:

TIME CYCLE IS VERY MUCH IMPORTANT FOR INTRADAY TRADING