MARKETCALLS

MARKETCALLS‘ VIEW ON NIFTY (INTRADAY)

We wish you To Have A Superb Profitable Trading Day Today !!!

On last Friday we saw that nifty opened above 4900 level and then slowly it was start sliding down and after 11:30 suddenly bears attack on market and then panic started and till end of market nifty made new low of 4815 and closed at 4824. This is very bad closing given by nifty on last week. Now nifty is having

final closing base support at 4767 on closing basis. If nifty close below this level then exit from market for some time, sit in side and just have a look. Below 4767 nifty touch 4701-4600-4535 and more in coming days. Since so many days we are telling here that market is not in trading zone be cautious on your position and again same thing reminding you. Today keep your eyes on Rupee and Euro problems. Today our market will open in gap down as US job data came at worst level and it was creating panic globaly.

1. STRICTLY TRADE WITH STOP LOSS ONLY. IN THE MARKET ONLY SL CAN SAVE YOU.
2. KEEP SL IN SYSTEM NOT IN YOUR MIND.
3. FIRST PLAN YOUR TRADE AND THEN TRADE YOUR PLAN.

NIFTY FUTURE CHART

INTRADAY NIFTY SUPPORT 4767-4701 AND RESISTANCE 4848

NIFTY FUTURE(4824)
Buy above 4809 Target 4829-4848-4865  SL 4791
Sell below 4868 Target 4742-4723-4704  SL 4776

-Always Remember, put SL in your every trade.
-Read Disclaimer before following us.

Rupesh Yatesh Dalal
Head Research Department

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