THE SUPREME POWER

THE SUPREME POWER

Tuesday, August 18, 2009

NIFTY VIEWS ON 18.08.2009

NIFTY FUTURE IS STRONG OVER 4415 & WEAK BELOW 4355
LAST CLOSE 4372.60

TREND DECIDER FOR TODAY <<<4350>>>.....<<<4400>>>

BUY ABOVE 4381.95 SL 4359.55
TGT 4402.55. - 4418.25 - 4428.85- 4441.45 - 4455.62 - 4466.95 - 4482.25

IF TRADES ABOVE 4475-80 FOR 5-10 MINS HOLD LONGS FOR 4550 - 4600
IF NIFTY FUTURE CLEARS 4575 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4575 POSITIONAL TGT 4800-900

SELL BELOW 4359.75 SL 4380.25
TGT 4348.75 - 4330.35 - 4306.55

IF SUSTAINS BELOW 4305/4300 FOR 10-15 MINS TRADE FOR TGT 4280 - 4265 - 4235 - 4205.25

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 4540-4522 IF REACHED .
UIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4540-4522 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 GAP DOWN. STAY LONG ON DECISIVE CROSSOVER OF 4415. NIFTY FUTURE SHOULD TRADE ABOVE 4415 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4425-50 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.

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABV 4320-40 SL 4300 FOR TGTS AS MENTIONED ABOVE
SELL AT/BLW 4425-50 SL 4475 FOR TGTS MENTIONED ABOVE
NORMAL TRADERS/SAFE PLAYERS MAY NOT ATTEMPT THIS AS THERE IS EVERY POSSIBILITY OF HITTING STOPS IN THESE TRADES

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

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