NIFTY FUTURE IS STRONG OVER 4650 & WEAK BELOW 4575
LAST CLOSE 4611.10
TREND DECIDER FOR TODAY <<<4600>>>.....<<<4625>>>
BUY ABOVE 4621.25 SL 4598.45
TGT 4633.50 - 4646.55 - 4663.25 - 4680.15 - 4698.50 - 4710.45 - 4725.55
IF TRADES ABOVE 4650-60 FOR 5-10 MINS HOLD LONGS FOR 4700-4725
IF NIFTY FUTURE CLEARS 4725 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4600 POSITIONAL TGT 4800-4875
SELL BELOW 4590.55 SL 4610.85
TGT 4588.55 - 4575.25 - 4552.45 - 4540.15 - 4525.95
IF TRADES BELOW 4525 FOR 5-10 MINS TGT 4500 - 4475
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 4580-+4550 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 4625. NIFTY FUTURE SHOULD TRADE ABOVE 4625 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. THOUGH MARKET DATA SHOW FORMATION OF LONGS UP MOVE IS EXPECTED ONLY ON CROSSOVER OF AND SUSTAIN ABV 4525-50 WITH VOLUME. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4650-75 AS FRESH SHORTS MAY BE INITIATED HERE
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.
SUDDEN PROFIT BOOKING IN THE AFTERNOON MAY NOT BE RULED OUT
PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING.
DEEPA ACHARYA
THE SUPREME POWER
Friday, August 14, 2009
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2 comments:
IF YOU ARE AGGRESSIVE AND LOVE RISK
TRY THIS
BUY AT/ABOVE 4575-50 SL 4525 FOR LEVELS MENTIONED IN THE POST ABOVE. GO SHORT AT 4775-4700 SL 4725 FOR LOWER LEVELS AS ABOVE ......NOT FOR NORMAL TRADERS AS IN THIS CALL THERE IS EVERY POSSIBILITY OF HITTING STOPS.
BUY IDFC FUT/CASH ABV 144.25 TGT 145.65-149.95-148.85 WEAK BELOW 142.95 FOR 141.05-138-65 TEND BULLISH
WATCH TATAMOTORS BUY IN INTRA
NIFTY FUTURE POSITIONAL
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