THE SUPREME POWER

THE SUPREME POWER

Tuesday, August 04, 2009

NIFTY VIEWS ON 04.08.2009

NIFTY FUTURE IS STRONG OVER 4725 & WEAK BELOW 4700
LAST CLOSE 4714.10
TREND DECIDER FOR TODAY <<<4705 -4725>>>

BUY ABOVE 4725.55 SL 4704.85
TGT 4735.65 - 4745.25 - 4759.65 - 4775.35 - 4795.35

IF TRADES ABOVE 4750 FOR 5-10 MINS HOLD LONGS FOR 4765 - 4780-4795
IF NIFTY FUTURE CLEARS 4750-4775 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. ABOVE 4750 - 4775 POSITIONAL TGT 4800-4900 BE CAUTIOUS AT HIGHER LEVELS.

SELL BELOW 4705.65 SL 4725.45
TGT 4695.85 - 4682.15 - 4670.05 - 4657.75

IF TRADES BELOW 4650 FOR 5-10 MINS TGT 4634 - 4625 - 4605 BELOW 4600 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 4750. NIFTY FUTURE SHOULD TRADE ABOVE 4750 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 4750-75 WITH VOLUME. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS. STAY CAUTIOUS ABOVE 4775

RISK LOVERS MAY TAKE A RISK OF 20-25 PTS. BUY AT/ABOVE 4675-85 SL 4650 FOR TGTS AS MENTIONED ABOVE. GO SHORT AT 4775-4785 SL 4800 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.

FOR FURTHER UPMOVE NIFTY FUT SHOULD TEST 4680-50 FOR RENEWED BUYING INTEREST

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

10 comments:

DEEPA ACHARYA said...

PREMARKET CALLS

BUY BHEL ABV 2340 SL 2320 TGT 2351-2362 AND ABOVE

BUY HDIL ABV 285.35 SL 282.45 TGT 285.65 - 289.45 - 292.65

BUY HINDUNILVR ABV 285.5 SL 281.5 TGT 287 - 289.5 - 292 - 295 - 298 AND ABOVE 300 EXPECT 308-310

DEEPA ACHARYA said...

MARKET LOOKS A BIT OVERSTRETCHED. AFTER A GAP UP THERE IS EVERY POSSIBILITY OF MARKET TESTING LOWER LEVELS. THEREFORE IT IS SUGGESTED THAT FRIENDS SHOULD REFER NIFTY FUT LEVELS WHILE TAKING POSITIONS.

HINDUNILEVER IS A DEFENSIVE STOCK AND FINDS ITS OWN WAY REGARDLESS WHERE MARKET GOES. BUT A FALLING MARKET IS BAD FOR ANY LONG POSITION. BUY IN DIPS ABV 280+ FOR GOOD INTRADAY GAINS

ALOK DAS said...

may i sell maruti ?

DEEPA ACHARYA said...

hi ALOK
Sell referring to nifty levels

mmshrvankumar said...

good morning friends

DEEPA ACHARYA said...

Hello friends

May post feedback here if you wish abt gain / loss

Thanks

Have a nice day

DEEPA ACHARYA

Parthiban said...

Dear Deepa, Your Nifty levels were worked fantastic today. My today's gain is 2k. Enough for me. Holding HUL 100 for the day.

ShowMeMoney said...

Hi Deepa,

Today I made profit by trading HDIL.

Thanks a lot.

Regards
MS

ShowMeMoney said...

TO : DEEPA & All Friends,

I just came across software for analyizing options and it is free. I would like to share below link with all friends. It analyizes NSE OPTIONS also.

OptionsORACLE - Options TRADING Analysis Tool
http://samoasky.com/

Regards
MS

DEEPA ACHARYA said...

Thanks MS

Oh great stuff. I will check it out and try in trading.

Deepa

NIFTY 50 HEAT MAP