NIFTY VIEWS ON 18.09.2009

NIFTY FUTURE IS STRONG OVER 4985 & WEAK BELOW 4960
LAST CLOSE NIFTY FUT 4978 NIFTY SPOT 4965.55
TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<<4950>>> ..... <<< 4980 >>>

BUY ABV 4986.05 SL 4964.45
TGT 4995.25 - 5003.35 - 5017.35 - 5029.55 - 5042.15

IF NIFTY FUTURE CLEARS 5000-15 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 5000 WILL TGT 5015-25-34. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4985-95, DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 4963.55 SL 4985.65
TGT 4952.35 - 4940.45 - 4928.45 - 4916.05

IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT -4889-4870
GOOD BUYING SUPPORT IN COMING DAYS IS 4800-4840

POSITIONAL NIFTY SUGGESTED TO BUY AT/ABV 4411 AND HOLD WITH 4390 AS SL AND REVERSE ON 19.08.2009. PROFIT BOOKED ON 17.09-2009 AT 4975 GAIN OF 564 POINTS/ Rs.28200.00 PER LOT IN A MONTH. PLEASE WAIT FOR NEXT POSITIONAL 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. BOUNCE BACK EXPECTED FROM 4925-35 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. NIFTY FUT SHOWS DECREASE IN OPEN INTEREST BY 6.6% AND INCREASE IN VOLUME BY 32% AND THAT INDICATES UNWINDING OF LONG POSITIONS AT HIGHER LEVELS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 5005-5015 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 4935-45 SL 4920 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 5015-35 SL 5050 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