THE SUPREME POWER

THE SUPREME POWER

Wednesday, August 05, 2009

NIFTY VIEWS ON 05.08.2009

NIFTY FUTURE IS STRONG OVER 4700 & WEAK BELOW 4650
LAST CLOSE 4679.25
TREND DECIDER FOR TODAY <<<4665 -4685>>>

BUY ABOVE 4689.75 SL 4670.05
TGT 4696.70 - 4705.25 - 4717.25 - 4727.10 - 4734.55 - 4750.35 - 4772.55

IF TRADES ABOVE 4750-4775 FOR 5-10 MINS HOLD LONGS FOR 4785 - 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. SUDDEN PROFIT BOOKING MAY NOT BE RULED OUT.

SELL BELOW 4660.65 SL 4676.50
TGT 4549.95 - 4638.25 - 4625.05 - 4610.55

IF TRADES BELOW 4600 FOR 5-10 MINS TGT 4582 - 4570- 4555 BELOW 4550 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 4635 - 4620 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. STAY LONG ON DECISIVE CROSSOVER OF 4700. NIFTY FUTURE SHOULD TRADE ABOVE 4700 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. MARKET DATA SHOW UNWINDING OF LONGS AT HIGHER LEVELS UP MOVE IS EXPECTED ONLY ON CROSSOVER OF 4700-25 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 4620 SL 4600 FOR LEVELS MENTIONED ABOVE. IF STOP HITS BUY AGAIN AT 4585-90. GO SHORT AT 4775-4785 SL 4800 FOR LOWER LEVELS 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.

NIFTY FUTURE SHOULD ZOOM FORWARD ABOVE 4725 DUE TO SHORT COVERING.

PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING.
DEEPA ACHARYA

5 comments:

DEEPA ACHARYA said...

FRIENDS

PLEASE VIEW TODAY'S OTHER POST FROM "BLOG ARCHIVE"
THANKS

D.A.

DEEPA ACHARYA said...

PREMARKET INTRA DAY SUGGESTIONS

INDIACEM ABV 154.75 SL 149.50 TGT 158-161.25-168-170

AMBUJACEM BUY WITH SL 106.50 FOR TGT OF 108-110-112-115

HINDUNILVR BUY ABV 295 SL 291.25 FOR TGT OF 298 - 302 - 305 - 308 WEAK BELOW 292

SUZLON ABV 100 SL 98 FOR 103-106-108.5

EDUCOMP BUY ABOVE 4000 SL 3950 ONLY FOR TGT OF 4040 - 4075-4102-4125 OR ABOVE

TRADE IN POSITIVE TREND ONLY WITH STRICT SL

ashwin said...

hello D.Aji,
thanks.

ashwin said...

"THE SUPREME POWERS WORKS VERY WELL"

DEEPA ACHARYA said...

YES ASHWIN

WHEN THE SUPREME POWERS ARE WITH US WE NEED NOTHING MORE THAN THAT.

THANKS

DA

NIFTY 50 HEAT MAP