Friday, 4 May 2018

TRADE SETUP FOR FRIDAY STOCK TRADE,4TH MAY 2018



Trade Setup for Friday Market

Trade setup market closed in red with bearish continuation but nothing much to afraid for bulls till the time Nifty Index closing above 10600.  

The Nifty closed at 10,679.70 on Thursday and support level placed at 10650 followed by 10610 and if the index start moving upwards resistance level to watch 10720 and 10760 !
Index made high of 10720 and low of 10647 to get closed at 10769, 38 point lower from previous day closing.
Though Market has closed below 10700 which physiological mark for the nifty but bouncing back from the resistance also showing strength in the market, I am using dip to buy the stock carrying the strength with target of 10900, however in between can see multiple  hurdle near 10780-90.
Max call writing seen at 110000 followed by 10900 and 10800 and unwinding seen at 10500 followed by 10600
Max put writing seen at 10500 and followed up by 10400, put writing also seen add on at 103000 and 102000 where as unwinding seen at 10700 and 10500!
Fii are continuously net seller on Thursday along with DIIs.
Happy Trading !
  


Click Here for Next Seminar and Webinar

stock recommendation for tomorrow market
Market Trend

13 comments:

  1. Iran says Saudi Arabia, Russia violated OPEC deal on output cuts.
    Capitalstars

    ReplyDelete
  2. your blog suggestion is knowledge full information keep continue provide information very helpful.

    Stock Cash Tips

    ReplyDelete
  3. Nice blog. This information is really useful for all the share market investors. Thanks for sharing. For more such tips, visit - Epic Research

    ReplyDelete
  4. I want you to thank for your time of this wonderful read!!! I definately enjoy every little bit of it and I have you bookmarked to check out new stuff of your blog a must read blog! Stock education

    ReplyDelete
  5. That is really nice to hear. thank you for the update and good luck. Curso de Bolsa Malaga

    ReplyDelete
  6. I appreciate everything you have added to my knowledge base.Admiring the time and effort you put into your blog and detailed information you offer.Thanks. hbl platinum credit card | alfalah credit card offers

    ReplyDelete
  7. We offer the best stock alert service with swing trade alerts, day trade alerts, and penny stock alerts Profitable Trading Strategies

    ReplyDelete
  8. Awesome and interesting article. Great things you've always shared with us. Thanks. Just continue composing this kind of post. europa-road.eu

    ReplyDelete
  9. Please continue this great work and I look forward to more of your awesome blog posts. Investments in Stock Exchange

    ReplyDelete
  10. Positive site, where did u come up with the information on this posting? I'm pleased I discovered it though, ill be checking back soon to find out what additional posts you include. Ongkos Kirim Barang Dari China Ke Indonesia

    ReplyDelete
  11. This is a great experience of why how to recover from being scammed the financial market monetarists have it right. Inflation is not a useful measure to guide financial policy. Thanks for sharing,

    ReplyDelete
  12. Hi there! Nice stuff, do keep me posted when you post again something like this! free trial buy instagram likes

    ReplyDelete
  13. I want you to thank for your time of this wonderful read!!! I definately enjoy every little bit of it and I have you bookmarked to check out new stuff of your blog a must read blog! FXGM ZA

    ReplyDelete