Market outlook for 12/08/11

NIFTY NEXT TREND REVERSE LEVEL 4930(NOW WE ARE STILL LONG)

TODAYS LEVEL

07/08/2011

Strong Bullish Above 5121.64 Strong Bearish Below 4961.21

NIFTY Trigger Price Target 1 Target 2 Stop Loss Buy Above 5121.64 5132

Market outlook for 12/08/11

Nifty closed down 22.70 points (0.44%) at 5138.30 while Nifty Future closed at 5137.25, discount of 1.05 points.
Bank Nifty closed down 124.40 points (1.19%) at 10338.90 while Future closed at 10344.05, premium of 5.25 points.

• FII sold in Cash (Net sell 59.79 Crore)
• FII sold in index future, stock future but bought index option (Net sell 72.07 Crore)
• II bought in Cash (Net buy 266.25 Crore)
• US futures are trading in Green.
• Global cues are flat to positive.
• SGX nifty is in flat to positive as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 623:817.
• TARGET NIFTY
  Buy Nifty Future above 5153 - 5173 - 5211 - 5238 SL - 5142
  Sell Nifty Future below 5130 - 5113 - 5086 - 5048 SL - 5151
• sell target achived today open 5175 so we are dnt take any long postion .....

HOME

FOR TODAYS TREND REVERSE 


LEVEL   -5265 SPOT NIFTY (WE ARE STILL SHORT IN 


NIFTY FUTURE@5595 LEVEL RBI RATE 


HIKE TIME TO WE ARE BEARISH IN 


MARKET)

see the hurdle of 5175.....for nifty.....if crossed...????

FOR TOMORROW TREND REVERSE 


LEVEL   -5292 (WE ARE STILL SHORT IN 


NIFTY FUTURE@5595 LEVEL RBI RATE 


HIKE TIME TO WE ARE BEARISH IN 


MARKET)




Life is full of ups and downs.The trick is to enjoy the ups and have courage during the downs

SAR Levels work extremely well  for positional traders & gave fantastic returns to them 

Many Many Congrats to all positional traders  

Extremely very happy with the results of SAR levels

Do not enter into a trade without referring past data. It will save your trade from catching the running train. 

If  the price of the scrip ran up or down too much during last few days, please please do not take fresh entry either of short or long otherwise it will be considered as catching of  running train and in such cases price in near future may move against expectations resulting into losses. Better wait for breach of SAR level for fresh trade....... Patience pays...........

Three Thumb Rules : (1) Always trade only at the levels given.(2) Keep booking profits without missing a winning opportunity.(3) And once in profit, trail stop loss to the entry level to protect the capital funds.
Wish you all happy and profitable trading ahead………