A BULL TRAP OR A REAL BREAK OUT ???
NIFTY FUTURE IS STRONG OVER 4750 & WEAK BELOW 4725
LAST CLOSE NIFTY FUT 4738 NIFTY SPOT 4732.35
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4725>>>.....<<<4755>>>
BUY ABOVE 4743.25 SL 4722.75
TGT 4754.95 - 4765.75 - 4684.25 - 4799.25 -4815.65
IF TRADES ABOVE/ 4750 FOR 5-10 MINS HOLD LONGS FOR 4765 - 4785
IF NIFTY FUTURE CLEARS 4750 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4750-65 POSITIONAL TGT 4900-5000. SHORT COVERING AND FRESH BUYING WILL MOVE NIFTY IF SUSTAINS ABOVE 4750
SELL BELOW 4720.75 SL 4745.35
TGT 4708.45 - 4696.25 - 4680.55 - 4667.90 - 4652.45
IF SUSTAINS BELOW 4650 FOR 5-10 MINS TRADE FOR TGT 4640-25. GOOD BOUNCING AREA FRO TODAY'S TRADING
GOOD BUYING SUPPORT IN COMING DAYS IS 4388 - 95 - 4405
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4575 AND TRADE REVERSE AT 4575 WATCH UPDATES IN Y/M SUGGESTED TO BUY ABV4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 25.08.2009
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 4660-40 IF REACHED .
IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS WATCH THE TREND FOR 10-15 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOP LOSS AT NEXT SUPPORT / RESISTANCE. KEEP AN EYE 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 UP. STAY LONG ON DECISIVE CROSSOVER OF 4745-60. NIFTY FUTURE SHOULD TRADE ABOVE 4740-50 MINIMUM FOR 10-15 MINS FOR FURTHER UP MOVE. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4750-4775 FRESH SHORTS MAY BE INITIATED HERE. AS MARKET DATA SHOW FORMATION OF LONGS BUY AT LOWS WILL YIELD GOOD INTRADAY GAINS.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOP LOSS AS MENTIONED. HOLDING POSITION AFTER STOP LOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 4680-4660 SL 4640 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4775 SL 4800 FOR TGTS MENTIONED ABOVE
NORMAL TRADERS/SAFE PLAYERS MAY NOT ATTEMPT THIS AS THERE IS EVERY POSSIBILITY OF HITTING STOPS IN THESE TRADES UNLESS OTHERWISE SUGGESTED IN YAHOO MESSENGER
PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING.
NIFTY FUTURE IS STRONG OVER 4750 & WEAK BELOW 4725
LAST CLOSE NIFTY FUT 4738 NIFTY SPOT 4732.35
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4725>>>.....<<<4755>>>
BUY ABOVE 4743.25 SL 4722.75
TGT 4754.95 - 4765.75 - 4684.25 - 4799.25 -4815.65
IF TRADES ABOVE/ 4750 FOR 5-10 MINS HOLD LONGS FOR 4765 - 4785
IF NIFTY FUTURE CLEARS 4750 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4750-65 POSITIONAL TGT 4900-5000. SHORT COVERING AND FRESH BUYING WILL MOVE NIFTY IF SUSTAINS ABOVE 4750
SELL BELOW 4720.75 SL 4745.35
TGT 4708.45 - 4696.25 - 4680.55 - 4667.90 - 4652.45
IF SUSTAINS BELOW 4650 FOR 5-10 MINS TRADE FOR TGT 4640-25. GOOD BOUNCING AREA FRO TODAY'S TRADING
GOOD BUYING SUPPORT IN COMING DAYS IS 4388 - 95 - 4405
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4575 AND TRADE REVERSE AT 4575 WATCH UPDATES IN Y/M SUGGESTED TO BUY ABV4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 25.08.2009
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 4660-40 IF REACHED .
IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS WATCH THE TREND FOR 10-15 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOP LOSS AT NEXT SUPPORT / RESISTANCE. KEEP AN EYE 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 UP. STAY LONG ON DECISIVE CROSSOVER OF 4745-60. NIFTY FUTURE SHOULD TRADE ABOVE 4740-50 MINIMUM FOR 10-15 MINS FOR FURTHER UP MOVE. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4750-4775 FRESH SHORTS MAY BE INITIATED HERE. AS MARKET DATA SHOW FORMATION OF LONGS BUY AT LOWS WILL YIELD GOOD INTRADAY GAINS.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOP LOSS AS MENTIONED. HOLDING POSITION AFTER STOP LOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.
ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 4680-4660 SL 4640 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4775 SL 4800 FOR TGTS MENTIONED ABOVE
NORMAL TRADERS/SAFE PLAYERS MAY NOT ATTEMPT THIS AS THERE IS EVERY POSSIBILITY OF HITTING STOPS IN THESE TRADES UNLESS OTHERWISE SUGGESTED IN YAHOO MESSENGER
PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING.
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