NIFTY FUTURE IS STRONG OVER 4495 & WEAK BELOW 4475
LAST CLOSE 4480.85
TREND DECIDER FOR TODAY <<<4475>-4495>>>
BUY ABOVE 4490.25 SL 4470.05
TGT 4505.75 - 4521.25 - 4532.45 - 4544.75 - 4555.95 - 4574.85
IF TRADES ABOVE 4544-4455 FOR 5-10 MINS HOLD LONGS FOR 4580 - 4600
IF NIFTY FUTURE CLEARS 4600-4625 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. ABOVE 4600 POSITIONAL TGT 4700-4800
SELL BELOW 4470.85 SL 4495.25
TGT 4455.50 - 4442.15 - 4430.40 - 4415.55 - 4400.15
IF TRADES BELOW 4400 FOR 5-10 MINS TGT 4378 - 4350
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 4420 - 4435 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 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 4600 AS FRESH SHORTS MAY BE INITIATED HERE
RISK LOVERS MAY TAKE A RISK OF 20-25 PTS. BUY AT/ABOVE 4420-4400 SL 4380 FOR LEVELS MENTIONED ABOVE. GO SHORT AT 4560-80 SL 4600 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 4625 DUE TO SHORT COVERING.
PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING.
DEEPA ACHARYA
THE SUPREME POWER
Monday, August 10, 2009
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