Trading with PT style

[praveen taneja]

nifty res 5080-5115-5135-5151-5165-support 5050-5030-5007-4994-4949

 

[praveen taneja]

The market may have flat to negative opening today on account of weak global cues. Nifty has supports at 4950-5000 and resistance is at 5130-5160.

 

[findvikas]

I am looking at 5005... once broken ... we are good... I will hold my puts till 5090 is not breached

 

[praveen taneja]

Asian Markets
Asian shares trading lower on Tuesday.
Nikkei Stock Average 225 down 51.25 points at 10,116.35.
Hang Seng Index down 192.88 points at 22,132.08.
KOSPI Index down 0.45 pct at 1,625.36.
Shanghai Composite Index down 1.62 pct at 3,277.76.
US Markets
US Markets ended flat on Monday. Dow Jones industrial average up 1 points, up 0.01 percent, to 10,390. The Standard & Poor's 500 index down 3 points, down 0.25 percent, to 1,103. The tech-heavy NASDAQ composite index down 5 points, down 0.22 percent, to 2,190.

European Stocks Ended Lower
European Markets ended lower on Monday. Britains FTSE 100 index ended down 0.22 percent down 12 points to 5,311,Germany' s DAX ended down 0.57 percent down 33 points to 5,785,France' s CAC 40 ended down 0.17 percent at 3,840.

 

[findvikas]

opening could be around 5050-5052

 

[praveen taneja]

I am looking at 5005... once broken ... we are good... I will hold my puts till 5090 is not breached

Above 5082 level, expect short covering up to 5113-5115 zone and thereafter expect a jump up to 5145-5147 zone by non-stop.
Support at 5060 level. Below this zone, selling may continue up to 5039-5041 zone by non-stop.

Below 5008-5010 zone, expect panic up to 4976-4978 zone by non-stop.

On Positive Side, short rallies up to 5197-5199 zone can be used to sell. Stop Loss at 5229-5231 zone.
:thumb::thumb:

 

[praveen taneja]

Strong & Weak futures
This is list of 10 strong futures:
Ranbaxy, Orchid Chem, McDowell-N, BPCL, Divi'S Lab, Dena Bank, Hind Zinc, Cipla, Suzlon & PFC.
And this is list of 10 Weak futures:
Aban Off shore, Tata Comm, Rel Infra, Purva, Bajaj Hind, Ansal Infra, Punj Lloyd, Triveni, Sterling Biotech & Brfl.
Nifty is in Up trend

 

[findvikas]

Chalo guys best of luck... may Maha Laxmi bring prosperity to everyone

 

[praveen taneja]

opening could be around 5050-5052

SGX NIFTY is now trading at 5050.00. (08.31 AM IST)
This trend is on expected lines.
If this downtrend continues, then it may continue for 1 (or) 2 Days.:thumb:

 

[praveen taneja]

Today RIL millions of shares are ready for trading so only keep an eye on RIL that share will take mkt towards 5000 let it break vikas sl first hahahah