NIFTY BANKNIFTY FREE TIPS FOR 07 JULY 2014

NIFTY FUT BUY TIPS:
Last trading price of NIFTY FUT is 7783
We will buy NIFTY FUT only above 7788
(NIFTY FUT has to trade above this level for at least 10 minutes and with good volume)
Our targets would be 7802.3 7824.4 7846.5 7868.7 7890.9
SL is 7766 & Must be trailed by 16 points after every 50 points move
7575.4 7855.4 7919.3 are Resistance

NIFTY FUT SELL TIPS:
We will Sell NIFTY FUT only below 7766.02
(NIFTY FUT has to trade below this level for at least 10 minutes and with good volume)
Our targets would be 7752 7730 7708 7686 7664
SL is 7788 & Must be trailed by 16 points after every 50 points move
7690.0 7626.1 7575.4 are Supports



BANK NIFTY FUT BUY TIPS:
Last trading price of BANK NIFTY FUT is 15686
We will buy BANK NIFTY FUT only above 15688
( BANK NIFTY FUT has to trade above this level for at least 15 minutes and with good volume)
Our targets would be 15703 15735 15766 15797 15829
SL is 15634 & Must be trailed by 50 points after every 150 points move
15719.90 15879.8 16044.6 are Important Resistance

BANK NIFTY FUT SELL TIPS:
We will Sell BANK NIFTY FUT only below 15656
( BANK NIFTY FUT has to trade below this level for at least 15 minutes and with good volume)
Our targets would be 15641 15609 15578 15547 15516
SL is 15710 & Must be trailed by 50 points after every 150 points move
15395 15230 15071 are important support


NIFTY, BANK NIFTY OPTION TIPS

BUY BANKNIFTY 16700CE AT/ABOVE 111 FOR TARGETS OF 123/130/148 WITH SL OF 105
BUY BANKNIFTY 14600PE AT/ABOVE 111 FOR TARGETS OF 121/129/149 WITH SL OF 106
BUY NIFTY14JUL7700PE AT/ABOVE 114 FOR TARGETS OF 119/129/139/150/161 WITH SL OF 104
BUY NIFTY14JUL7850CE AT/ABOVE 114 FOR TARGETS OF 120/130/141/152/164 WITH SL OF 104


for more tips visit http://sudheergopinathspage.blogspot.in/
e-mail :- sudheergnath@gmail.com
Ph 8547514241

Note :
Do not jump into a trade unless rules are satisfied
Place the orders beforehand so that you don't miss out as the market may move fast
On trend Days Support / Resistance Buying / Selling may be attempted in between Target 5 and Target 6 or Soft trend days between Target 3 and Target 4. If Target 2 is not Crossed / Broken Buy / Sell as required May be attempted with Target 2 as S/L
If Gap Up or Down and the Index Opens between Target Level One and Target Level Two then remain Long or Short as par situation with Buy Above or Sell Below Level as Stop Loss
If Market Gaps up or Gaps Down above or below the Sell Below or Closer to level 2 or Buy Above or Closer to Level the go Long or Short as and when Market starts sustaining above or below these levels keeping the next lower or higher level as stop loss
Normal Profit Booking Rule 50% - 30 Points or at first target (whichever comes earlier) , 25% at second target and rest at third target or continue to hold keeping the first target as stop loss
Only on strong trend days all targets may be met but try to book 50% after a 90-100 point move in Nifty
On Range days it is often found that the trading happens between Target1 of Buy to Target1 of Sell Level or between any two buy levels vis-a-vis any two sell level