On 29June, Nifty is having resistance at 5365 level, if Nifty fut manages to sustain above this level, then we can see Nifty again marching up to higher levels of 5388-5400-5445. On the contrary to upside, on downside Nifty fut have support at 5320, if it sustains below this level then we can see Nifty sliding down to 5290-5272-5238 levels. In current scenario bulls are having an upperhand till Nifty fut is sustaining above 5238, so at lower levels traders must use the lowerside for accumulation instead of creating short positions. We have told to buy on dips in our weekly view also, and those who followed that yesterday , minted huge money from share market. However breaking the last support of 5238, Nifty can see fresh selling pressure coming in. In the curent markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stoploss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom.
We recommend all intraday traders to keep watch on 5272 level on lower side and 5388 level on upper side, for the long/short positions. These levels can play crucial roles in the market for coming days. Market movement will be ambiguous, and so one must not leverage positions or do speculative trading. However one can buy on dips till 5238 level is not breached and can book long positions on uprise if Nifty finds it difficult to cross 5388 level on upper side.
We recommend all intraday traders to keep watch on 5272 level on lower side and 5388 level on upper side, for the long/short positions. These levels can play crucial roles in the market for coming days. Market movement will be ambiguous, and so one must not leverage positions or do speculative trading. However one can buy on dips till 5238 level is not breached and can book long positions on uprise if Nifty finds it difficult to cross 5388 level on upper side.
Nifty Levels
- Resistance - 5365-5388-5400-5445
- Support - 5320-5290-5272-5238
================================
Intraday Calls
- Insecticides Ltd abv 244 tgt-250-257-265+
- GNFC abv 111 tgt-114-116.8-119+
- Sun Pharma advanced abv 93 tgt-94.5-97-102
- FSL abv 28.5 tgt-29.2-30.5-32
- Also watch Kopran, Jindal Cotex, Sesa Goa, Idea.
For LIVE MARKET CALLS, Cick here.
For all trades, keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.
================================
For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com
Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.
To get more Cash+F&O calls for intraday+positional trades, join our PREMIUM SERVICES.
Only accuracy here!!!!
For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303
No comments:
Post a Comment