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Wednesday, June 3, 2009

TRADING DARIY FOR 04/06/2009


03/06/2009
·        Nifty Is Trading In A Range Of 4450 – 4580 Since Last 3 Day And There Is Need Of Expansion On Either Side Also All The Scrips Are Trading Near Stoploss So It  Is Better To Book Profit And Wait For Further Signal On Either Side But As The Trend Remains Up It Is Better To Buy On Dips With Proper Sl. Also Global Cues Shall Play Important Roll Tomorrow Morning.
·        The Main Trend Is Up 
  • Now We Will Have Bigger Range To Play From 3700 - 4000 – 4670 – 4800 - 5000
  • LEVEL FOR THE DAY
  • TECHNICAL OUTLOOK :
  • Imp Support 4505, Imp Resistance 4560,
  • Likely Trading Range 4475-4585,
  • Trade on long Above 4515 and Vice versa
  • Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
  • SHORT TERM BUY RECOMENDATION :
  • KSOILS CMP 61 .95 SL 56 TGT 66 - 70 - 75
·        DISCLAIMER :

 

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