THE SUPREME POWER

THE SUPREME POWER

Wednesday, September 30, 2009

NIFTY VIEWS ON 01.10.2009

NIFTY FUTURE IS STRONG OVER 5090 AND WEAK BELOW 5065
LAST CLOSE NIFTY FUT 5073.55 NIFTY SPOT 5083.95
TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<<5050>>> ..... <<<5100 >>>


BUY ABV 5090.65 SL 5069.55
TGT 5105.25 - 5116.55 - 5128.75 - 5139.65 - 5149.95

IF NIFTY FUTURE CLEARS 5115-25 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5125 WILL TGT 5145 - 5164 - 5178. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5115-25.

SELL/SHORT BELOW 5065.45 SL 5090.15
TGT 5054.55 - 5042.15 - 5030.65 - 5014.25 - 5005.35

IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT 4989-4974-4950
GOOD BUYING SUPPORT IN COMING DAYS IS 4900-4930


POSITIONAL NIFTY BUY ABV 4950 SL 4930 AND REVERSE SUGGESTED ON 25.09.2009.  SL RAISED TO 5030 AND REVERSE. CURRENT GAIN 123.55 PTS AND CONFIRMED GAIN IS 80 POINTS.

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 5025-35 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. 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 5030-40 SL 5010 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BELOW 4135-45 SL 5165 FOR TGTS MENTIONED ABOVE

NORMAL TRADERS/SAFE PLAYERS MAY NOT ATTEMPT THIS AS THERE IS EVERY POSSIBILITY OF HITTING STOPS IN THESE TRADES
UNLESS OTHERWISE SUGGESTED IN YAHOO MESSENGER.
PLEASE WATCH UPDATES IN YAHOO MESSENGER(ONLY FOR FRIENDS)
BEST OF LUCK AND HAPPY TRADING

DEEPA ACHARYA

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