Sunday, June 06, 2010

ON 7th JUNE - MARKETS ARE DOWN


TODAY WORLD MARKETS ARE DOWN. OUR MARKETS ARE ALSO DOWN.


SO TODAY IF DOWN SIDE MARKET COMES AROUND 100 POINTS NEGATIVE I THINK.  IT GOES UP TO 5010 LEVELS. IF GAP DOWN IS OCCURED THEN MAREKTS FILL THE GAP WITH UP MOVE.

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5180


DOWN SIDE : 5005


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

BUY NIFTY FUTURE ONLY ABOVE 5138 LEVELS THE TARGETS ARE 5156,  AND 5169.

SELL NIFTY FUTURE ONLY BELOW 5099 THE TARGETS ARE 5071, 5050 AND 5010.


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.

STOP LOSS FOR BOTH THIS LEVELS ARE 5114

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