NIFTY FUTURE IS STRONG OVER 4800 & WEAK BELOW 4780
LAST CLOSE NIFTY FUT 4796 NIFTY SPOT 4782.90
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4765>>>.....<<<4825>>>
BUY ABOVE 4805.25 SL 4774.25
TGT 4815.65 - 4829.95 - 4838.65 - 4849.55
IF TRADES ABOVE 4840-50 FOR 10-15 MINS HOLD LONGS FOR 4875-4900
IF NIFTY FUTURE CLEARS 4860 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4875 WILL TGT 4900 - 4950.
SELL/SHORT BELOW 4795.25 SL 4714.95
TGT 4784.65 - 4675.15 - 4765.25 -4752.35
IF SUSTAINS BELOW 4750 FOR 5-10 MINS TRADE FOR TGT -4740 - 4725 - 4705
GOOD BUYING SUPPORT IN COMING DAYS IS 4644-4670
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4625 AND TRADE REVERSE AT 4625 WATCH UPDATES IN Y/M. SUGGESTED TO BUY AT/ABV 4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 25.08.2009. CURRENT GAIN 385+ POINTS AND CONFIRMED GAIN 214 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 4750-65 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 INCREASE IN OPEN INTEREST BY 2.50% WITH DECREASE IN VOLUME BY 35% AND THAT INDICATES SHORT COVERING AND FORMATION OF LONGS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 4825-45 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 4765-50 SL 4730 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4850-35 SL 4875 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 4796 NIFTY SPOT 4782.90
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<<4765>>>.....<<<4825>>>
BUY ABOVE 4805.25 SL 4774.25
TGT 4815.65 - 4829.95 - 4838.65 - 4849.55
IF TRADES ABOVE 4840-50 FOR 10-15 MINS HOLD LONGS FOR 4875-4900
IF NIFTY FUTURE CLEARS 4860 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4875 WILL TGT 4900 - 4950.
SELL/SHORT BELOW 4795.25 SL 4714.95
TGT 4784.65 - 4675.15 - 4765.25 -4752.35
IF SUSTAINS BELOW 4750 FOR 5-10 MINS TRADE FOR TGT -4740 - 4725 - 4705
GOOD BUYING SUPPORT IN COMING DAYS IS 4644-4670
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4625 AND TRADE REVERSE AT 4625 WATCH UPDATES IN Y/M. SUGGESTED TO BUY AT/ABV 4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 25.08.2009. CURRENT GAIN 385+ POINTS AND CONFIRMED GAIN 214 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 4750-65 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 INCREASE IN OPEN INTEREST BY 2.50% WITH DECREASE IN VOLUME BY 35% AND THAT INDICATES SHORT COVERING AND FORMATION OF LONGS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 4825-45 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 4765-50 SL 4730 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4850-35 SL 4875 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.
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