VIEWS ON NIFTY FUTURE : 15.07.2009

NIFTY FUTURE IS STRONG OVER 4150 & WEAK BELOW 4110

LAST CLOSE 4112.85

BUY ABOVE 4114.75   SL 4097.95

TGT 4127.80 - 4142.05 - 4155.65 - 4171.15 - 4195.25 - 4211.95 

IF TRADES ABOVE 4200+ FOR 10-15 MINS HOLD LONGS FOR 4250 - 4290 BE CAUTIOUS AT HIGHER LEVELS. IF NIFTY FUTURE CLEARS 4250 - 4290 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. 

SELL BELOW 4098.25 SL 4110.55  

TGT 4089.05 - 4073.65 - 4060.75 - 4047.10
IF TRADES BELOW 4050  FOR 10 -15 MINS SELL ONLY TGT 4000, 3985, 3960. 

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

FRIENDS MAY ENTER CHAT ROOM/SEE COMMENTS FOR UPDATES.

ONLY FOR FOR RISK LOVERS / AGGRESSIVE TRADERS

WAIT FOR 5 -10 MINS BEFORE YOU TAKE POSITION - HIGH RISK HIGH GAIN

GO LONG ABOVE 4050 - 4070  WITH SL AT 4035 FOR UPPER TARGETS AS ABOVE
GO SHORT BELOW 4150 - 4170 WITH SL AT 4190 FOR LOWER TARGETS AS ABOVE --- WATCH THIS

BOUNCE BACK EXPECTED FROM 4040 - 4050  LEVELS IF REACHED .  

FOR BEGINNERS / NEW TRADERS----LOW - HIGH OPEN----- 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.

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO MILD GAP UP (+20-30PTS) . ABOVE 4150 STAY LONG, OTHERWISE, SQUARE OFF LONGS AND WAIT FOR MORE DOWNSIDE. EXPECT PROFIT BOOKING AS LONG POSITIONS ARE FORMED FOR BTST PURPOSE ONLY 

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.

DISCLOSURE : THE LEVELS PROVIDED ARE PURELY TECHNICAL AND BELIEVED TO WORK FAIRLY WELL. I HAVE NO POSITION IN NIFTY FUTURE AND WILL TAKE FRESH POSITION AS PER ABOVE MENTIONED LEVELS.

BEST OF LUCK AND HAPPY TRADING. PLEASE WATCH UPDATES

DEEPA ACHARYA