Today’s Levels (21-06-2010)

(Last Close : Sensex 17571 : Nifty Spot 5263)
Today’s Levels
Trade long if Sensex sustains above 17645 (Nifty 5280)
[Upside targets/resistances at 17722(5302)/17769(5320) or higher]
Trade short if Sensex fails to sustain above 17722 (Nifty 5302)
[Downside targets/supports at 17645(5280)/17525(5250) or lower]

FOR THE COMING WEEK (21-25, June 2010)

FOR THE COMING WEEK: Indices are likely to face resistance at the 17800-18100-18250/5350-5380-5400 levels. Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17500-17350-17200/5270-5250-5200 levels. Depending on the global cues we expect to see an upward recovery from the mentioned supports and the trades could be influenced by strong moves sectorally. Any move until the above mentioned resistances shall be utilized to exit from long positions and look out for a sustainable move. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses.

FOR THE DAY (21-06-2010)

FOR THE DAY: Domestic markets are likely to open on a positive note following the positive Asian indices. Traders are advised to trade long in Nifty from 5310 levels, with stop loss placed at 5270 targeting 5350 and 5380 levels.

Good Morning (21-05-2010)

Asian stocks climbed, led by mining and electronics companies, on speculation demand from Chinese customers will increase after China signalled an end to the Yuan’s fixed rate to the dollar.

Indian Market will open in flat to positive note

NIFTY range would be for the day 5215-5240-5270-53100-5350

SGX NIFTY is trading at +66.5 (5325) @ 8:00 IST.

Gold is trading at $1257.4 ( Rs 18840) Crude is trading at $78.13. Rs vs $ is at 45.52.


Have A Nice Trading Day.