NIFTY VIEWS ON 27.07.2009

NIFTY FUTURE IS STRONG OVER 4595 & WEAK BELOW 4540
LAST CLOSE 4575.45

TREND DECIDER FOR TODAY <<<4565 - 4585>>>

BUY ABOVE 4583.35   SL 4564.35
TGT 4594.55 - 4607.95 - 4620.75 - 4638.85 - 4656.95 - 4670.90

IF TRADES ABOVE 4650 FOR 5-10 MINS HOLD LONGS FOR 4674 - 4692 BE CAUTIOUS AT HIGHER LEVELS. IF NIFTY FUTURE CLEARS 4650-75 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. ABOVE 4650 - 4675 POSITIONAL TGT 4800 IN THIS WEEK.

SELL BELOW 4560.00 SL 4580.85
TGT  - 4552.55 - 4544.50 -  4536.85 - 4520.33 - 4506.25


IF TRADES BELOW 4500  FOR 5-10 MINS SELL FOR TGT 4487  - 4477 - 4456 

BELOW4400 POSITIONAL TGT 4300, 4210, 4160 

WATCH THE LEVELS IN BLUE COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS.

BOUNCE BACK EXPECTED FROM 4500 - 4520 LEVELS IF REACHED . BUY AT INTRADAY DIPS

IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS WATCH THE TREND FOR 10-15 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOPLOSS AT NEXT SUPPORT / RESISTANCE. KEEP AN AYE ON UPDATES IN COMMENTS SECTION/YAHOO MESSENGER

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP DOWN. STAY LONG ON DECISIVE CROSSOVER OF 4585-95. NIFTY FUTURE SHOULD TRADE ABOVE 4595 FOR MINIMUM 5-10 MINS FOR FURTHER UPMOVE. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS. STAY CAUTIOUS.

RISK LOVERS MAY TAKE A RISK OF 20 PTS. BUY AT/ABOVE 4550SL 4530 FOR TGTS AS MENTIONED ABOVE.NOT FOR NORMAL TRADERS

LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOPLOSS AS MENTIONED. HOLDING POSITION AFTER STOPLOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.

PLEASE WATCH UPDATES IN COMMENTS SECTION. BEST OF LUCK AND HAPPY TRADING. 

DEEPA ACHARYA