NIFTY BANK NIFTY FREE TIPS FOR 04 JULY 2014

NIFTY FUT BUY TIPS:
Last trading price of NIFTY FUT is 7736
We will buy NIFTY FUT only above 7744
(NIFTY FUT has to trade above this level for at least 10 minutes and with good volume)
Our targets would be 7758.3 7780.3 7802.3 7824.4 7846.5
SL is 7722 & Must be trailed by 16 points after every 50 points move
7781.6 7801.5 7829.2 are Resistance

NIFTY FUT SELL TIPS:
We will Sell NIFTY FUT only below 7722.02
(NIFTY FUT has to trade below this level for at least 10 minutes and with good volume)
Our targets would be 7708 7686 7664 7642 7620
SL is 7744 & Must be trailed by 16 points after every 50 points move
7734.0 7706.3 7686.4 are Supports

OR as per open below are the levels

NIFTY FUT BUY TIPS:
Last trading price of NIFTY FUT is 7754
We will buy NIFTY FUT only above 7766
(NIFTY FUT has to trade above this level for at least 10 minutes and with good volume)
Our targets would be 7780.3 7802.3 7824.4 7846.5 7868.7
SL is 7744 & Must be trailed by 16 points after every 50 points move
7720.9 7769.4 7782.1 are Resistance

NIFTY FUT SELL TIPS:
We will Sell NIFTY FUT only below 7744.00
(NIFTY FUT has to trade below this level for at least 10 minutes and with good volume)
Our targets would be 7730 7708 7686 7664 7642
SL is 7766 & Must be trailed by 16 points after every 50 points move
7741.3 7728.6 7720.9 are Supports


BANK NIFTY FUT BUY TIPS:
Last trading price of BANK NIFTY FUT is 15550
We will buy BANK NIFTY FUT only above 15563
( BANK NIFTY FUT has to trade above this level for at least 15 minutes and with good volume)
Our targets would be 15578 15609 15641 15672 15703
SL is 15509 & Must be trailed by 50 points after every 150 points move
15669.37 15738.6 15818.3 are Important Resistance

BANK NIFTY FUT SELL TIPS:
We will Sell BANK NIFTY FUT only below 15531
( BANK NIFTY FUT has to trade below this level for at least 15 minutes and with good volume)
Our targets would be 15516 15485 15454 15422 15391
SL is 15585 & Must be trailed by 50 points after every 150 points move
15520 15441 15372 are important support


NIFTY OPTION TIPS


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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