VIEWS ON NIFTY FUTURE : 17.07.2009

NIFTY FUTURE IS STRONG OVER 4250 & WEAK BELOW 4190
LAST CLOSE 4224.85

BUY ABOVE 4225.35 SL 4206.95

TGT 4235.95 - 4246.85 - 4260.30 - 4275.15 - 4290.65- 4310.25

IF TRADES ABOVE 4300+ FOR 10-15 MINS HOLD LONGS FOR 4325 - 4345 BE CAUTIOUS AT HIGHER LEVELS. IF NIFTY FUTURE CLEARS 4290 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT.

SELL BELOW 4198 SL 4215.95

TGT 4181.50 - 4167.60 - 4155.25- 4125.35

IF TRADES BELOW 4100 FOR 10 -15 MINS SELL FOR TGT 4085, 4055, 4035.

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.

FRIENDS MAY WATCH COMMENTS SECTION FOR UPDATES FOR NIFTY FUTURE UPDATES AND INTRADAY CASH/ FUTURE CALLS

STRICTLY FOR FOR RISK LOVERS / AGGRESSIVE TRADERS(NOT FOR SAFE PLAYERS)

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

GO LONG ABOVE 4200 - 4190 WITH SL AT 4155 FOR  TARGETS AS ABOVE

GO SHORT BELOW 4290-4300 WITH SL AT 4320 FOR TARGETS AS ABOVE  

BOUNCE BACK EXPECTED FROM 4155-4130 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.

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO MILD GAP UP.  STAY LONG ON DECISIVE CROSSOVER OF 4290. NIFTY FUTURE  SHOULD TRADE ABOVE 4290+ FOR MINIMUM 15-20 MINS TO MOVE UP.

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