ON 8th JUNE 2010 - MARKETS ARE UP

ON MONDAY WHAT WE TOLD IS RIGHT 100 POINTS DOWN AT CLOSEING BUT IT IS A GAP DOWN OPENING SO THERE IS NO BIG TRADING OPPERTUNITY ON THAT DAY.

TODAY OUR MARKETS ARE IN GREEN

EVEN THOUGH DOWN CLOSED DOWN 115 POINTS NOW DOW FUTURES AT 60 POINTS PLUS. SO MARKETS ARE OPEN IN POSITIVE MODE.

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. BEFORE THAT OUR MARKETS FILLED THE GAP OF 5019-5061 WHICH IS PARTLY FILLED ON YESTERDAY FULLY FILLED TODAY. SO IF IT IS CAME DOWN ALSO OUR MARKETS FULL DAY IN GREEN ONLY.

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5090

DOWN SIDE : 4930

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

BUY NIFTY FUTURE ONLY ABOVE 5019 LEVELS THE TARGETS ARE 5047, 5059 AND 5072.

SELL NIFTY FUTURE ONLY BELOW 4980 THE TARGETS ARE 4969, 4955 AND 4940.

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 5004

PRACTICAL LESSON - 12:

WHAT EVER YOUR ENTRY BUY / SELL IN ANY MARKETS IT MAY HAVE A REASON FOR THAT. THEN ONLY IF HAVE LOSS YOU GOT ONE LESSION OR OTHERWISE YOU LOSE YOUR MONEY AND TIME BUT THERE IS NO USE.