THE SUPREME POWER

THE SUPREME POWER

Monday, August 10, 2009

NIFTY VIEWS ON 11.08.2009

NIFTY FUTURE IS STRONG OVER 4435 & WEAK BELOW 4415
LAST CLOSE 4425.75

TREND DECIDER FOR TODAY <<<4415>>>.....<<<4435>>>

BUY ABOVE 4440.35 SL 4418.15
TGT 4455.55 - 4465.75 - 4480.25 - 4495.55 - 4510.25 - 4525.95

IF TRADES ABOVE 4525-4535 FOR 5-10 MINS HOLD LONGS FOR 4550 - 4580
IF NIFTY FUTURE CLEARS 4580 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. ABOVE 4600 POSITIONAL TGT 4700-4800

SELL BELOW 4415.00 SL 4434.45
TGT 4405.25 - 4395.35 - 4382.65 - 4358.25 - 4344.45

IF TRADES BELOW 4325 FOR 5-10 MINS TGT 4310 - 4300

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 4380 -4350 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 4525. NIFTY FUTURE SHOULD TRADE ABOVE 4525 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. THOUGH MARKET DATA SHOW FORMATION OF SHORTS UP MOVE IS EXPECTED ONLY ON CROSSOVER OF 4525-50 WITH VOLUME. AS UNWIND.ING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4525 AS FRESH SHORTS MAY BE INITIATED HERE

RISK LOVERS MAY TAKE A RISK OF 20-25 PTS. BUY AT/ABOVE 4380 SL 4350 FOR LEVELS MENTIONED ABOVE. GO SHORT AT 4525-40 SL 4555 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 4525-50 DUE TO SHORT COVERING.

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

6 comments:

DEEPA ACHARYA said...

PRE-MARKET SUGGESTIONS

BUY HINDUNILVR CASH/FUT ONLY ABV 260 SL 257 TGT 264.25-267.55-270.85-274.35 AND ABOVE

BUY PATNI FUT/CASH IN DIPS ABV 368 SL 364 FOR TGT 371-375-379-383 AND ABOVE

BUY STER CASH/FUT IN DIPS OR ABV 635 TGT 639,644,648,654 AND ABOVE IN DIPS 415-423 WILL ACT AS GOOD SUPPORT MAY BUY AT SUPPORTS FOR GOOD GAINS.

BUY HINDPETRO IN DIPS FOR GOOD RETURN

KEEP WATCH ON AXIS BANK IN DIPS

VALUES ABOVE ARE FOR FUTURE TRADES. ADJUST FOR CASH TRADES.

DEEPA ACHARYA said...

TRADE THE ABOVE CALLS IN UPTREND ONLY

Kripalsinh Parmar said...

hey!
deepa no live commentary on yahoo !!!

or buzy with sumthing>>>>>>>>>

Parthiban said...

Hi Deepa,
Where are you?

Prakash said...

Deepa ji
Tusi kithe ho ???
Where are UUUUU ???

DEEPA ACHARYA said...

HELLO FRIENDS !!!!
After the tremours felt here at 1.23 AM on 11.08.2009 as a result of the earthquake near Andaman, we had very heavy downpour and lightening and my net connections were disrupted till 7.00PM today. Sorry that I could not share my views with you for last two trading days. We will meet tomorrow as usual.
Thanks,
D.A.

NIFTY 50 HEAT MAP