market opening trades for 5 june 2015

nifty opened gap down with loss. currently trading at 8126 with loss of 0.2%. until now nifty future hit high around 8139 while low was at 8105. outlook is bearish but expect recovery in later half and upside up to 8200 is possible in intraday. for nifty future traders 8050-8060 is best buying levels with stop loss. nifty option traders can use 8000 call options to buy and accumulate on decline.
banknifty future is trading at 17690 with loss of 0.33%. current banknifty future high was 17738 while low was at 17633. here on downside 17400 and 17200 are support zones and reversal or technical bounce back rally expected from those levels. bank nifty future traders must wait for that level to go long , till one can hold shorts in banknifty with price targets at support. bank nifty option traders can buy 17200 call options on decline with stop nifty 50, coal india stock is rallied by almost 5% on upgrade news. stock is now above 400 levels and trending higher with strong buying momentum. Gail and sun pharma stock almost gained by 2% at opening. on loser side, itc down by 2% and bosch profit booking continues with almost 2% f&o, dlf, jp group stock are top of the list suggesting carnage in realty sector in not over.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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