THE SUPREME POWER

THE SUPREME POWER

Thursday, September 24, 2009

NIFTY VIEWS ON 24.09.2009

NIFTY FUT HAS TO CLOSE ABV 5015+ FOR THREE CONSECUTIVE DAYS FOR MOVING FORWARD.

NIFTY FUTURE IS STRONG OVER 4980 & WEAK BELOW 4950

LAST CLOSE NIFTY FUT 4963 NIFTY SPOT 4969.95
TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<<4940>>> ..... <<<4980 >>>

BUY ABV 4978.50 SL 4963.25
TGT 4988.55 - 4998.85 - 5010.55 - 5022.85

IN CASE OF GAP DOWN OPEN BUY ABV 4968 SL 4950

IF NIFTY FUTURE CLEARS 5015-25 AND STAYS ABOVE THIS LEVEL WITH VOLUME
, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5025 WILL TGT 5045-63-81.
NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4980-95, DUE TO SHORT COVERING AND FRESH BUYING.

SELL/SHORT BELOW 4956.25 SL 4975.85
TGT 4944.95 - 4932.05- 4919.70 - 4908.25

IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT 4888 -4860
GOOD BUYING SUPPORT IN COMING DAYS IS 4800-4840

POSITIONAL NIFTY BUY ABV 4950 SL 4930 AND REVERSE. PLEASE WAIT TO GET CONFIRMATION IN YAHOO MESSENGER

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 4920-40 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. THOUGH MARKET DATA SHOW FORMATION OF SHORTS AT HIGHER LEVELS EXPECT A VOLATILE DAY DUE TO EXPIRY.

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 4930-40 SL 4920 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4990-5010 SL 5030 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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