THE SUPREME POWER

THE SUPREME POWER

Wednesday, July 29, 2009

NIFTY VIEWS ON 29.07.2009

NIFTY FUTURE IS STRONG OVER 4595 & WEAK BELOW 4555
LAST CLOSE 4565.85

TREND DECIDER FOR TODAY <<<4560 - 4575>>>
EXPECTED RANGE FOR THE DAY 4520-4610

BUY ABOVE 4570. 55 SL 4551.95

TGT 4593.05 - 4608.55 - 4617.00 - 4632.45 - 4647.95

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 4700 IN THIS WEEK.

SELL BELOW 4559.15 SL 4575.45
TGT -
4550.15 - 4540.35 - 4525.45 - 4510.35


IF TRADES BELOW 4525 FOR 5-10 MINS SELL FOR TGT 4510 - 4490 - 4477 

BELOW 4400 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 4510 - 4525 LEVELS IF REACHED .

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. NEVER BUY IN A FALLING TREND AND VICE VERSA

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP DOWN. STAY LONG ON DECISIVE CROSSOVER OF 4600-4605. NIFTY FUTURE SHOULD TRADE ABOVE 4605 FOR MINIMUM 5-10 MINS FOR FURTHER UPMOVE. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS. STAY CAUTIOUS ABOVE 4600

RISK LOVERS MAY TAKE A RISK OF 20-25 PTS. BUY AT/ABOVE 4540 SL 4515 FOR TGTS AS MENTIONED ABOVE. GO SHORT AT 4600-4620 SL 4635 FOR LOWER TGTS AS ABOVE ......NOT FOR NORMAL TRADERS AS IN THIS CALL THERE IS EVERY POSSIBILTY OF HITTING STOPS


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.

EXPECT HIGH VOLATILITY   DUE TO EXPIRY

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

DEEPA ACHARYA

9 comments:

DEEPA ACHARYA said...

PREMARKET SUGGESTIONS.... WATCH TREND BEFORE TAKING POSITION
SAIL FUTURE/CASH ABV 177.95 SUPPORT ZONE 174.85-173.25 TGT 179.95-181.85-183.15- 184.85 WAIT FOR THE SUPPORT TO BUY IN CASE OF A LOWER OPEN ADJUST FOR CASH TRADES

TVSMOTOR FUT ABV 54.75 SL 53.70 FOR TGT OF 55.30-55.70-56.10-56.50 AND AFTER 56.50 JUST RELAX POSITIONAL TGT 65+

VALUES ARE FOR JULY FUT MAY GO FOR AUG FUTURE IF LIQUID ENOUGH FOR ENTRY AND EXIT

BANK NIFTY FUT GOOD ABV 7350 AND WEAK BELOW 7300 SHORT IF 7380 IS NOT SUSTAINED ABV 7380 FOR GOOD GAINS TGT 7260-7240 HIGH RISK HIGH REWARD STOCK FUTURE. BE CAUTIOUS AT HIGHER LEVELS.ABOVE 7400 STRONG ENOUGH TO REACH 7430 7460. HIGHLY VOLATILE STOCK FUTURE KEEP STOP AT 50 POINTS.

RK said...

Goodmorning friends. Wishing a happy trading day. Thank U Deepa for your recommendations.

mmshrvankumar said...

good morning deepaji good morning friends have nice trade day

Sweet said...

kindly say you yahoo id mam

DEEPA ACHARYA said...

HI BALA PLZ SEND YOUR YAHOO ID I WILL ADD
THANKD

Anonymous said...

limeplus@yahoo.co.in

siva said...

limeplus@yahoo.co.in pls add my id mam.

RK said...

Deepa ur call on TVS motors was just great. Rolta rocked well.These two trades today gained me
Rs. 2300. Thank U for helping small traders like me. As there was high volatality I did not trade on Nifty today. Hope our friends would also would have enjoyed the calls.

CA Krishnamurthy said...

to day i could see the real commitment from you for your friends sake even in this kind of volatlity market. i am very happy that i am in your friendship team and pray the almighty be with you always.
with best wishes
C.A.KRISHNAMURTHY

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