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* If target is hit @ open, safe traders can avoid trading that counter, or trade with low quantity, say 25% of normal capital. Calls are based only on technical studies. Stop-loss is an essential risk control mechanism and it should always be there.
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Do you know, some small losing days, some break -even days and some very big days actually makes your month??
Nifty Closing Counts: NIFTY has closed below its 3 day exponential moving average. 3 day exponential moving average is currently below 8 day exponential moving average, AND below 20 day exponential moving average.The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term. NIFTY has closed above bottom band by 11.8%. Bollinger Bands are 53.8% narrower than normal.The narrow width of the bands suggests low volatility as compared to NIFTY's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 2 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
Nifty And Bank Nifty Future Recap: Nifty future written if sustains above 5793 it will zoom to 5816. Nifty future zoomed to our target 5816 in no time but could not sustain over there. As we mentioned if cannot sustain above 5816 and trades below 5793 it will crash to 5750-5727. Just check the severe panic below 5793 doing our all target done. We know many of you got caught in the wrong front but our premium subscribers were not. Bank index future got hammered nearly 200 points within an hour from our given level 11650. Was it an expected fall?? Our subscribers are simply minting money day after day following our premium levels. Is it magic?? No, it is the power of charts.
Expected Bullish Stocks For Next Session: AMBUJACEM, ASIANPAINT, SIEMENS, SUNPHARMA, OPTOCIRCUI, CESC, WIPRO, LITL, EDUCOMP, MPHASIS.
Expected Bearish Stocks For Next Session: CROMPGREAV,CONCOR, UNIONBANK, SAIL, ORIENTBANK, UNIPHOS, ORCHIDCHEM, ZEEL, CUMMINSIND, HDIL.
Bank Nifty future's projected high and low for next session is 11710 and 11380 (use this projection with other indicators). Bank nifty future immediate resistances now placed at 11531. If trades above that zone then it will push Bank index future towards 11650 mark. Crossover above 11650 may give at least 70-80 points rally. If trades below 11531 then again panic selling would emerge which can drag Bank index future down towards 11280. But where and how to trade?? More updates only available to Premium Newsletter subscribers.
Nifty future important levels for Monday, 2nd May:
R3 5914 R2 5869 R1 5811 PP 5765 S1 5707 S2 5662 S3 5603
Bank Nifty future important levels for Monday, 2nd May:
R3 12055 R2 11915 R1 11712 PP 11571 S1 11368 S2 11227 S3 11024
We are neither a bull, nor a bear. We change our trading style according to the trend.















