NIFTY VIEWS ON 14.09.2009

NIFTY FUTURE IS STRONG OVER 4845 & WEAK BELOW 4835
LAST CLOSE NIFTY FUT 4842 NIFTY SPOT 4829.55
TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<< 4800 >>> ..... <<< 4850 >>>

BUY ABV 4846.25 SL 4828.95
TGT 4857.75 - 4868.65 - 4882.25 - 4896.55

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. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4860-70, DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 4831.05 SL 4855.45
TGT 4820.25 - 4805.65 - 4795.35 - 4786.55 - 4771.55 - 4760.15 - 4750.25

IF SUSTAINS BELOW 4750 FOR 5-10 MINS TRADE FOR TGT -4735 - 4725 - 4705
GOOD BUYING SUPPORT IN COMING DAYS IS 4644-4670

POSITIONAL - HOLD NIFTY FUTURE WITH SL 4760 AND TRADE REVERSE AT 4760 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 431 POINTS AND CONFIRMED GAIN 349 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 4780-95 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 DOWN. NIFTY FUT SHOWS FLAT OPEN INTEREST AND INCREASE IN VOLUME BY 16% AND THAT INDICATES FORMATION OF LONG POSITION AT LOWER LEVELS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 4850-75 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 4775-4800 SL 4750 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4870-80 SL 4900 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