THE SUPREME POWER

THE SUPREME POWER

Wednesday, August 19, 2009

NIFTY VIEWS ON 19.08.2009

NIFTY FUTURE IS STRONG OVER 4475 & WEAK BELOW 4450
LAST CLOSE NIFTY FUT 4455.10 NIFTY SPOT 4458.90

TREND DECIDER FOR TODAY <<<4460>>>.....<<<4480>>>

BUY ABOVE 4466. SL 4444.45
TGT 4476.35 - 4490.25. - 4505.25 - 4515.25 - 4533.5 - 4549.65 - 4567.40 - 4577.95 - 4589.95

IF TRADES ABOVE 4575-80 FOR 5-10 MINS HOLD LONGS FOR 4600 - 4625
IF NIFTY FUTURE CLEARS 4575 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4575 POSITIONAL TGT 4800-900 HEAVY SHORT COVERING WILL MOVE NIFTY ABOVE 4500+

SELL BELOW 4442.35 SL 4460.25
TGT 4428.25 - 4415.25 - 4405.25 - 4390.10

IF SUSTAINS BELOW 4400-4390 FOR 10-15 MINS TRADE FOR TGT 4380 -4360
IF SUSTAINS BELOW 4350 IMMEDIATE TGT 4325-4300-4280

GAIN MINIMUN 3000+ NIFTY POINTS IN A YEAR IN POSITIONAL TRADE
HOLD NIFTY FUTURE WITH SL 4410 AND REVERSE TRADE AT 4410. WATCH UPDATES IN Y/M

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. BOOK PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4430 -4420IFEACHED .

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 UP. STAY LONG ON DECISIVE CROSSOVER OF 4485. NIFTY FUTURE SHOULD TRADE ABOVE 4485 FOR MINIMUM 10-15 MINS FOR FURTHER UP MOVE. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4500-4525 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 4400-4420 SL 4380 FOR TGTS AS MENTIONED ABOVE
SELL AT/BLW 4550 SL 4575 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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