On 4November keep a watch on support of 6165 level, break below this level will take Nifty fut to 6140-6120-6102 levels sharply. However a good support exist in range 6102-6120 on lower side and this range will act as a barrier for bear party. Any close below 6120 level will open doors for bears to take charge over the market and will make bulls out of the scenario. If Nifty fut is able to sustain above support levels of 6165, then again expect a bounce back in market. Moving on the upside Nifty fut have resistance at 6217 level, crossover from this level will take nifty to 6235-6255-6290 levels. For further upside Nifty fut has to give closing above 6255 level. The max time markets are sustaining below 6255 level, it will weaken the bulls and will encourage the bears to attack again and again. Till November expiry we can witness an unexpected unidirectional sharp move in markets, so stay hedged with all your long/short positions.
We recommend all traders to buy on dips and sell on rise till Nifty fut is moving in range 6120-6255. If you are not aware of levels and direction of markets, try to square off the trades as early as possible, and take home the profits rather than stucking your money in positional trades. Market movement will be highly volatile with stock specific movement.These stocks can spurt in coming days. Only traders who have patience buy on dips and keep booking profits at every rise, impatient and lowrisk traders can stay away from markets as in coming days we ar going to see highly volatile moves.
Nifty Levels
We recommend all traders to buy on dips and sell on rise till Nifty fut is moving in range 6120-6255. If you are not aware of levels and direction of markets, try to square off the trades as early as possible, and take home the profits rather than stucking your money in positional trades. Market movement will be highly volatile with stock specific movement.These stocks can spurt in coming days. Only traders who have patience buy on dips and keep booking profits at every rise, impatient and lowrisk traders can stay away from markets as in coming days we ar going to see highly volatile moves.
Nifty Levels- Resistance - 6217-6235-6255-6290
- Support - 6165-6140-6120-6102
=================================
Intraday Calls
For LIVE MARKET CALLS, Click here.
For all trades, keep trailing your stop loss once the stock is above the buying price. Don't 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.
Only accuracy here!!!!
For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303
No comments:
Post a Comment