ON 2nd MAY 2010 - TRADE WITH GLOBEL CUES

ON MONDAY WHAT WE TOLD IS CHOPPY AND VOLATAIL IS 100% CORRECT, MARKET GIVES FULL MARKS TO US. TUESDAY WE ARE NOT POST ANY  IDEAS DUE TO POWER CUT.  MARKETS WENT DOWN WE TOLD IN WEEKLY TREND LETTER.

TODAY OUR MARKETS FULLY DEPEND ON GLOBEL CUES. 

NOW DOW FUTURES AT 50 POINTS PLUS. SO MARKETS ARE OPEN IN POSITIVE MODE.

ASIAN MARKETS MIXED OPENING IT IS ALSO GIVES US A GREEN OPENING.


EUROPE FUTURES ARE AT NEGATIVE, SO IT MAY BE OPENED ON POSITIVE, IF IT IS DONE OUR MARKETS ARE IN FULL DAY AT GREEN. IF EUROPE IS NEGATIVE THEN OUR MARKETS CAME TO DOWN SIDE. ( DOW YESTERDAY OPENED ON GREEN END WITH RED)


SO TODAY IF DOWN SIDE MARKET CAME CLOSED AROUND 25 POINTS NEGATIVE I THINK. ANY GAP UP OR GAP DOWN OCCURE THEY ARE FILLED TODAY ITSELF. FIRST SESSION IN GREEN. SECOND SESSION MAY BE GO TO RED.

TRADE WITH TREND - GLOBEL TREND

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5095

DOWN SIDE : 4857

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

BUY NIFTY FUTURE ONLY ABOVE 5013 LEVELS THE TARGETS ARE 5030, 5056 AND 5075.

SELL NIFTY FUTURE ONLY BELOW 4952 THE TARGETS ARE 4935, 4913 AND 4893.

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 4989

PRACTICAL LESSON - 11:

DON'T  EXPECT ANY FREE FROM OTHERS. FREE IS VERY COSTLY EXPENSE. GIVE SOMETHING WHAT YOU GET ANYTHING.