THE SUPREME POWER

THE SUPREME POWER

Friday, August 07, 2009

NIFTY VIEWS ON 07.08.2009

NIFTY FUTURE IS STRONG OVER 4578.25 & WEAK BELOW 4685
LAST CLOSE 4578.25

TREND DECIDER FOR TODAY <<<4565 -4590>>>

BUY ABOVE 4595.55 SL 4575.05
TGT 4612.55 - 4630.75 - 4646.25 - 4662.45 - 4674.85

IF TRADES ABOVE 4650-4675 FOR 5-10 MINS HOLD LONGS FOR 4700 - 4725
IF NIFTY FUTURE CLEARS 4725 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. ABOVE 4750 - 4775 POSITIONAL TGT 4800-4900

SELL BELOW 4565.25.65 SL 4685.55

TGT 4554.25 - 4540. 05 - 4522.40 - 4508.05

IF TRADES BELOW 4500 FOR 5-10 MINS TGT 4482 - 4470- 4455 BELOW 4450 TGT 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 TO MILD GAP DOWN. STAY LONG ON DECISIVE CROSSOVER OF 4625. NIFTY FUTURE SHOULD TRADE ABOVE 4625 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. THOUGH MARKET DATA SHOW FORMATION OF SHORTS UP MOVE IS EXPECTED ONLY ON CROSSOVER OF 4625-50 WITH VOLUME. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS. STAY CAUTIOUS ABOVE 4650 AS FRESH SHORTS MAY BE INITIATED HERE

RISK LOVERS MAY TAKE A RISK OF 20-25 PTS. BUY AT/ABOVE 4550 SL 4525 FOR LEVELS MENTIONED ABOVE. GO SHORT AT 4650-4625 SL 4675 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 4675 DUE TO SHORT COVERING.

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

4 comments:

DEEPA ACHARYA said...

PREMARKET INTRADAY SUGGESTIONS

WELGUJ FUT/CASH BUY ABV 224.15 SL 222.15 TGT 226.45-229.65 WEAK BELOW 221.50 TGT 218.75-215.85-211.25- 206.55

ICICIBANK FUT ABV 770 SL 665 TGT 774.75-777.85-782.05-785.25-789.35 WEAK BELOW 662 FOR 658.25-655.35-653.05

IDBI FUT/CASH BUY ABV 103 SL 101.25 TGT 104.75-105.85-106.75 WEAK BELOW 101 FOR 100.05-99.65-98.25

BUY ACC FUT/ CASH ABV 883 SL 870 FOR 890 - 896-902-908

ABOVE FIGURES ARE FOR FUT TRADES. ADJUST FOR CASH TRADES

DELIVERY/POSITIONAL FUT
WATCH UNITECH AT DIPS ABV 85-88 FOR GOOD GAINS

BUY IS RECOMMENDED IN RISING TREND AND SELL IN FALLING TREND. NIFTY HAS STRONG SUP AT 4550-4525

Sweet said...

CAN I BUY TODAY IPO 2LOT

Parthiban said...

Deepa, why are you not showing on Yahoo messenger??????? today!!!!

ashwin said...

hello deepaji,
missing your updates on yahoo!!!!

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