NIFTY FUTURE IS STRONG OVER 4700 & WEAK BELOW 4680
LAST CLOSE NIFTY FUT 4596 NIFTY SPOT 4680.40
TREND - VOLATILE
TREND DECIDER FOR TODAY <<<4675>>>.....<<<4695>>>
BUY ABOVE 4698.15 SL 4674.25
TGT 4710.55 - 4720.15 - 4731.85 - 4741.35 - 4651.75 - 4762.25. - 4775.25
IF TRADES ABOVE 4740-50 FOR 10-15 MINS HOLD LONGS FOR 4775
IF NIFTY FUTURE CLEARS 4760 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4775 WILL TGT 4825 - 4950. SHORT COVERING AND FRESH BUYING WILL MOVE NIFTY IF SUSTAINS ABOVE 4740-50
SELL/SHORT BELOW 4673.25 SL 4695.25
TGT 4661.35 - 4652.25 - 4635.15
IF SUSTAINS BELOW 4630 FOR 5-10 MINS TRADE FOR TGT -4615 - 4600 - 4580
GOOD BUYING SUPPORT IN COMING DAYS IS 4388 - 95 - 4405
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4585 AND TRADE REVERSE AT 4585 UPDATES IN Y/M SUGGESTED TO BUY AT/ABV 4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 25.08.2009. CURRENT GAIN 270+ POINTS AND CONFIRMED GAIN 170+ 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 4650-65 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 UP. NIFTY FUT SHOWS DECREASE IN OPEN INTEREST BY 1.21% WITH INCREASE IN VOLUME BY 10% AND THAT INDICATES SHORT COVERING AND FORMATION OF LONGS AT LOWER LEVELS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 4750-60 LEVELS
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 4665-4655 SL 4630 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4750-75 SL 4800 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.
LAST CLOSE NIFTY FUT 4596 NIFTY SPOT 4680.40
TREND - VOLATILE
TREND DECIDER FOR TODAY <<<4675>>>.....<<<4695>>>
BUY ABOVE 4698.15 SL 4674.25
TGT 4710.55 - 4720.15 - 4731.85 - 4741.35 - 4651.75 - 4762.25. - 4775.25
IF TRADES ABOVE 4740-50 FOR 10-15 MINS HOLD LONGS FOR 4775
IF NIFTY FUTURE CLEARS 4760 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4775 WILL TGT 4825 - 4950. SHORT COVERING AND FRESH BUYING WILL MOVE NIFTY IF SUSTAINS ABOVE 4740-50
SELL/SHORT BELOW 4673.25 SL 4695.25
TGT 4661.35 - 4652.25 - 4635.15
IF SUSTAINS BELOW 4630 FOR 5-10 MINS TRADE FOR TGT -4615 - 4600 - 4580
GOOD BUYING SUPPORT IN COMING DAYS IS 4388 - 95 - 4405
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4585 AND TRADE REVERSE AT 4585 UPDATES IN Y/M SUGGESTED TO BUY AT/ABV 4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 25.08.2009. CURRENT GAIN 270+ POINTS AND CONFIRMED GAIN 170+ 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 4650-65 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 UP. NIFTY FUT SHOWS DECREASE IN OPEN INTEREST BY 1.21% WITH INCREASE IN VOLUME BY 10% AND THAT INDICATES SHORT COVERING AND FORMATION OF LONGS AT LOWER LEVELS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 4750-60 LEVELS
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 4665-4655 SL 4630 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4750-75 SL 4800 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.
1 comment:
Very nice levels.It works great today.
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