ON 22nd JUNE 2010 - DOWN

TODAY MARKETS ARE GO DOWN SIDE. DUE TO HEAVY OVERBOUGHT  OUR MARKETS ARE CONSOLIDATED THIS UP MOVES. THIS WEEK FULLY WE EXPECT THE PROFIT BOOKING DUE TO F&O CLOSING THIS WEEK.

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5420

DOWN SIDE : 5262

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

BUY NIFTY FUTURE ONLY ABOVE 5339 LEVELS THE TARGETS ARE 5350, 5364 AND 5378.

SELL NIFTY FUTURE ONLY BELOW 5324 THE TARGETS ARE 5290, 5273 AND 5248.

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 5317

PRACTICAL LESSON - 17:

LOSS IS ALSO A PART OF THE TRADING.