THE SUPREME POWER

THE SUPREME POWER

Monday, August 03, 2009

NIFTY VIEWS ON 03.08.2009

NIFTY FUTURE IS STRONG OVER 4650 & WEAK BELOW 4630
LAST CLOSE 4636.05
TREND DECIDER FOR TODAY <<<4630 - 4650>>>

BUY ABOVE 4635.25 SL 4619.25
TGT 4651.55 - 4665.35 - 4671.25 - 4682.35 - 4695.15

IF TRADES ABOVE 4700 FOR 5-10 MINS HOLD LONGS FOR 4715 - 4732
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 4800-4900

SELL BELOW 4621.75 SL 4634.85
TGT 4604.85 - 4587.15 - 4577.80 - 4667.85 - 4553.70

IF TRADES BELOW 4550 FOR 5-10 MINS TGT 4546.55 - 4534.25 - 4521.35 BELOW 4500 POSITIONAL TGT 4477, 4440, 4425

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 4600 - 4580 LEVELS 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 MILD GAP UP STAY LONG ON DECISIVE CROSSOVER OF 4600. NIFTY FUTURE SHOULD TRADE ABOVE 4560 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. THOUGH MARKET DATA SHOW BUILD UP OF LONGS, UP MOVE IS EXPECTED ONLY ON CROSSOVER OF 4610 WITH VOLUME. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS. STAY CAUTIOUS ABOVE 4625/4610

RISK LOVERS MAY TAKE A RISK OF 20-25 PTS. BUY AT/ABOVE 4575-55 SL 4530 FOR TGTS AS MENTIONED ABOVE. GO SHORT AT 4685-4700 SL 4725 FOR LOWER TGTS AS ABOVE ......NOT FOR NORMAL TRADERS AS IN THIS CALL THERE IS EVERY POSSIBILITY OF HITTING STOPS.

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.

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

4 comments:

DEEPA ACHARYA said...

MARUTI FUT/CASH BUY ABV 1418 SL 1400 FOR TGT OF 1429 - 1450 SELL BLW 1400 SL 1420 FOR TGT OF 1383-1371 -1363 - 1347 LOOKS OVER BOUGHT IN CHARTS BE CAREFUL WITH LONGS

ESSAROIL FUT/CASH BUY ABV 150 SL 147.25 FOR TGT OF 152.15 - 155.45 - 157.20 - 160.15 IF SUSTAINS 160+ HOLD LONGS FOR 165.20 - 169.25 SELL BLW 143.75 FOR TGT OF 141.95 - 138.95 TREND BULLISH SHOULD BE BOUGHT IN DIPS AT 140-144

ICICIBANK FUT/CASH SELL BELOW 750 FOR TGT OF 739-720 IF SUSTAINED BELOW 720 MAY SEE 700-685
BUY ABV 760 FOR TGT OF 772-780-790IF CLOSES ABV 800+ HOLD LONGS.

DLF FUT/CASH BUY ABV 396 SL 388.15 TGT 406.15 - 413.85 - 423.95 - 429.15 - 434.25 CONSIDER 389.25 AS A GOOD SUPPORT

BUY ABAN FUT/CASH IN INTRADAY DIPS ABV 1000 FOR GOOD GAINS SL 980 TRAGET 1060-1080

DEEPA ACHARYA said...

BUY EDUCOMP FUT/CASH ABV 4100 ONLY FOR TGT OF 4130-4170-4210-4225

THE ABOVE SUGGESTIONS ARE FOR CASH TRADES AND FUTURE TRADERS MAY ADJUST PRICE ACCORDINGLY.

DEEPA ACHARYA said...

MCDOWELL FUT/CASH BUY ABOVE 1028 TGT 1041 1060 1081 1100 SHORT BELOW 1015 T 1000 976

Gitartha said...

I played M&M ..Very Good Call . Deepaji Keep it up.

NIFTY 50 HEAT MAP