TODAY’S PERFORMANCE
Today nifty hit the stop loss.
STOCK MARKET TODAY
Nifty had a gap down opening and faded today itself. Moreover, nifty traded in very tight range. Volume was good. Technically in the price chart an indecisive pattern had formed. Market breath was positive. As global markets traded in negative in the morning and nifty traded in negative region. In addition, today contract expiry day which added fuel to the down trend? From 12.30 pm to 3.30 pm a parabolic curve pattern had formed in the intraday chart. Generally in the parabolic curve pattern we should trade on the breakout direction.
STOCK MARKET TREND FOR FRIDAY
Again I suggest visitors to watch global cues for their intraday trade. Today in US unemployment and housing data are to release. Tomorrow this may lead the market direction. I suggest visitors to keep an eye around 5060 levels.
FREE INTRADAY TIPS FOR NIFTY
Technically in the price chart a indecisive pattern had formed. Nifty would trade according to the global cues. Here I give both for buying and selling levels and suggests visitors to trade according to the global cues with strict stop loss.
NIFTY LEVELS
BUY ABOVE - 5013
TARGET 1 - 5060
TARGET 2 - 5094
TARGET 3 - 5136
STOP LOSS - 4990
SELL BELOW - 4980
TARGET 1 - 4940
TARGET 2 - 4880
STOP LOSS - 5002
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