ON 9th JULY 2010 - MARKETS ARE AT GREEN

ON TUESDAY AFTER EUROPE IS OPEN MARKETS ARE DOWN. BUT GOES TO OUR SELL LEVEL AND ACHIVED OUR ALL TARGETS.

TODAY OUR MARKETS ARE IN GREEN

EUROPE FUTURES ARE AT NEGATIVE, BUT DOW IS GREEN DOW FUTURES ARE AT RED. SO FIRST SESSION MAY BE LITTLE DOWN OR LITTLE RED. I THINK TODAY EUROPE OPEN ON POSITIVE NOTE AND OUR MARKETS ARE IN GREEN. OUR MARKETS FILLED THE GAP OF 5019-5061 WHICH IS PARTLY FILLED ON YESTERDAY FULLY FILLED TODAY.

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5080

DOWN SIDE : 4890

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

BUY NIFTY FUTURE ONLY ABOVE 5001 LEVELS THE TARGETS ARE 5017, 5042 AND 5079.

SELL NIFTY FUTURE ONLY BELOW 4943 THE TARGETS ARE 4927, 4906 AND 4890.

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 4978

PRACTICAL LESSON - 13:

DON'T CONFUSE FUNDAMENTAL THINGS IN INTRADAY.