If trades above 2529 for 15 minutes
with volumes it may zoom
to 2537-2545
2502-2488 are good support.
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If trades above 2529 for 15 minutes
with volumes it may zoom
to 2537-2545
2502-2488 are good support.
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Above 330 bulls will be on driving seat.
and likely to see 345-349.
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(Updated on 18-06-2012 Time 08.00 AM)
Market is showing strength and trading in resistance area.
As indicated earlier it has entered area of strong resistance
and multiple barriers i.e 5129-5159-5159 at higher levels.
5108-5090 are good intraday support.
If trades above 5159 with volumes
then expect 5177-5199-5216.
5238-5269 may not be ruled out on the
back of positive news flows.
If brakes 5080 with volumes for 10-15 minutes
it may drive lower to 5039-5020.
Chances of market sustaining above 5200
levels and holding it for
considerable time are remote.
Hence it is not advisable for traders
to create fresh long and hold long
position in this zone of multiple layers of hurdles.
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(Updated on 15-06-2012 Time 08.30 AM)
We indicated several times for last 3 sessions that markets are in
strong resistance area.
Crossover this zone to continue bullish trend is quite difficult
and path of multiple barriers.
Bearing this in mind we advised to remain with comfortable long
position and to trade short identifying opportunities.
We took this opportunity to go short and trades accordingly yesterday.
Now for today…
5079 is intraday hurdle and crossing over with volume may drive it
to 5095-5117-5135.
If trades below 5040 with volumes may take it to 5022-5006 zone which
may act as intraday support and intraday reversal.
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We recommended to buy Nifty 5000 Put Option
at 62 and 54 and told to hold.
Today it at 77
Nifty Futures at 5099
Market slid to 5046
Book profit at 5050
All intraday target achieved
We tell you to short Maruti at 1103 and within couple of minutes
it achieved its all two target (1093-1080)
That’s how we put our precise and accurate recommendations to everyone
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(Updated on 14-06-2012 Time 09.00 AM)
Yesterday it tried to move higher
and made high at 5144.
As we had written here it face hurdle at higher levels.
Now today…
If trades above 5133 with volumes market will see 5146-5159-5183
Trading below 5109-5102 may drag it more down to
5090-5083.
Bulls will dominate above 5090-5070 area.
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