WORLD MARKET VIEW
AMERICAN MARKETS ARE IN MILD UP SIDE, IT'S FUTURE MARKETS TRADES IN GREEN, SO THIS TREND RE FELTS IN ASIAN MARKET TOO, ASIAN PEOPLES ARE IN UP SIDE, FOLLOWING THIS SINGAPORE NIFTY DOING WITH OPEN AND LOW ARE SAME, SO THIS WILL MAKE SOME VOLATILE IN OUR MARKET, AS OF THIS CONDITION 5050 IS IMPORTANT POINT TO WATCH IN DOWN SIDE AND 5120 IS ANOTHER IMPORTANT POINT TO WATCH IN UP SIDE
NIFTY SPOT OVER ALL VIEW
ONLY ABOVE 5157 NIFTY SPOT WILL REMAIN IN BULLISH TREND UP TO 5250, IF BREAKS 4992 THEN FURTHER 100 POINTS WILL COME DOWN, AND NOW OUR MARKET ARE IN NERVOUS SITUATION SO WE HAVE TO BE VERY CARE FULL BY HEDGE OUR LONG POSITION BY SHORT THE NIFTY FUT OR BUY THE NEAR PUT OPTION, ONLY BELOW 4770 THE MAJOR CORRECTION WILL COME UNTIL THEN NEXT UP SIDE TARGET FOR NIFTY SPOT IS 5250, 5650
NIFTY SPOT TODAY VIEW
TODAY IF NIFTY SPOT CROSS 5088 THEN IT WILL TRY TO MOVE TO FURTHER UP SIDE, NEXT MAJOR STRONG RESISTANCE IS AT 5145 TO 5157, IF CROSS 5157 THEN IT WILL MOVE TOWARDS 5250 SO CONCENTRATE ON BUYING IF NIFTY CROSS 5088 WITH S/L OF 5075, SAME AS NIFTY SPOT IF BREAKS 5075 THEN IT WILL TRY TO COME DOWN, AND MAJOR CORRECTION WILL COME WHEN NIFTY SPOT BREAKS 4992, SO TRADE ACCORDING WITH THIS LEVELS
NIFTY SPOT "TODAY'S LEVELS"
NIFTY SPOT ABOVE 5088 TARGET 5107, 5120, 5145, 5250, 5265
NIFTY SPOT BELOW 5071 TARGET 5043, 5021, 5011, 4992, 4922, 4906
SCRIPT TO WATCH FOR
STERLITE IND
BUY IF CROSS AB 780 TR 790, 797, 803, 815, 820, 835 S/L 775
SELL BL 775 TR 766, 755, 750, 745, S/L 780
STER LITE CHART
