As usual, our market view going 100% accurate even in volatile markets and Nifty following our levels and making you all earn in any kind of market. The Market view provided by us last week, also turned out to be 100% accurate. Our habit of predicting accurate market view must have become an addiction for all of you visiting here. Keep minting money with us, in any kind of market. We always say, dont go with bulls/bears, stay with levels and earn in both kind of markets.
Nifty has managed to close above 5335 last week but was unable to close our told resistance level of 5365, weekly close above this level would possibly open higher targets in coming days. This week Nifty fut will face resistance at 5388, once it crosses and sustain above these levels, we can see markets surging upto the levels of 5445-5492-5575. Once Nifty fut starts trading and sustaining above 5398 on closing basis, we can see dead bears all round and bulls will take the charge over markets and will make markets inch higher upto 5445-5575 levels. But looking at the current scenario, traders must not leverage positions at higher levels, as the higher levels will face stiff selling pressure till nifty fut is trading below 5388 on closing basis. However contrary to this if markets are unable to cross the resistance level and reverts back & breaks 5320 level, then we can see some profit booking coming into the markets again and market can slide down to the levels of 5294-5238-5170. In near term Nifty fut has good support at 5238, and break below this level can show some weakness in markets for longer time and then one can expect much lower levels. Nifty range for this week will be 5238-5398, breakout on either side will lead to sharp movements.
We recommend traders to keep booking profits at every rise, as markets are facing selling pressure each time it attempts to inch higher. So, traders must buy on every dip till Nifty fut is trading abv 5238 level & long positions must be exited at every rise as 5388 is resistance level , to conserve the profits. Nifty fut range 5238-5388, must be watched very carefully before executing any fresh trade. Breakout on higher side with high volumes can unexpectedly change the current scenario in favour of bulls. Traders must be stock specific this week, rather than going for the market move because market movement can be dicy & ambiguous. Keep eyes on telecom & shipping sector. Sentmental trading must be avoided, and traders must follow the levels to trade in the markets.
Nifty has managed to close above 5335 last week but was unable to close our told resistance level of 5365, weekly close above this level would possibly open higher targets in coming days. This week Nifty fut will face resistance at 5388, once it crosses and sustain above these levels, we can see markets surging upto the levels of 5445-5492-5575. Once Nifty fut starts trading and sustaining above 5398 on closing basis, we can see dead bears all round and bulls will take the charge over markets and will make markets inch higher upto 5445-5575 levels. But looking at the current scenario, traders must not leverage positions at higher levels, as the higher levels will face stiff selling pressure till nifty fut is trading below 5388 on closing basis. However contrary to this if markets are unable to cross the resistance level and reverts back & breaks 5320 level, then we can see some profit booking coming into the markets again and market can slide down to the levels of 5294-5238-5170. In near term Nifty fut has good support at 5238, and break below this level can show some weakness in markets for longer time and then one can expect much lower levels. Nifty range for this week will be 5238-5398, breakout on either side will lead to sharp movements.
We recommend traders to keep booking profits at every rise, as markets are facing selling pressure each time it attempts to inch higher. So, traders must buy on every dip till Nifty fut is trading abv 5238 level & long positions must be exited at every rise as 5388 is resistance level , to conserve the profits. Nifty fut range 5238-5388, must be watched very carefully before executing any fresh trade. Breakout on higher side with high volumes can unexpectedly change the current scenario in favour of bulls. Traders must be stock specific this week, rather than going for the market move because market movement can be dicy & ambiguous. Keep eyes on telecom & shipping sector. Sentmental trading must be avoided, and traders must follow the levels to trade in the markets.
All traders get ready to see a sharp move in markets in coming days. Unexpected & Unidirectional move waiting to thrill all traders!!!! To earn handsome profits through this move, join our PREMIUM SERVICES today.
Nifty Levels
- Resistance - 5388-5445-5492-5575
- Support - 5320-5294-5238-5170
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Stocks for the week
- DCHL
- Idea Cellular
- Omaxe Ltd.
- Patel Engineering
- Jagran Prakashan
- Sona Koyo Steering
- Digjam Ltd
- Neha International
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Intraday Calls for 12July
- CCL Products abv 202 tgt-206-212-217+
- Gujarat Fluorochemicals abv 165 tgt-168-172-178
- Monnet Ispat abv 502 tgt-510-518-530+
- Hinduja Foundaries abv 127 tgt-130-135-143+
- Also watch MLL , Tata Chemicals, Jindal Saw ,Exelon Infra.
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.
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