NIFTY VIEWS ON 27.11.2009

NIFTY FUTURE HAS TO TRADE ABOVE 5050-75 FOR MOVING FORWARD

NIFTY FUTURES STRONG OVER 5025 & WEAK BELOW 4980

LAST CLOSE NIFTY FUT 4992.65 NIFTY SPOT 5005.55

TREND - VOLATILE

TREND DECIDER FOR TODAY <<< 4975 >>> ..... <<< 5030 >>

BUY ABV 5015.75 SL 4995.55

TGT 5025.35. > << 5035.45 - 5047.05 >> < 5061.65 > << 5073.75 >> 5085.95 >>

IF NIFTY FUTURE CLEARS 5075-90 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. IF SUSTAINS, NIFTY FUT WOULD TARGET 5100 - 5118 - 5130 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5030-40, DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 4980.50 SL 5008.55

TGT TGT 4970.35 > 4960.15 > 4950.00 > << 4938.75 - 4925.35 >> 4911.35 <

IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT 4880-4870 -4850
GOOD BUYING SUPPORT IN COMING DAYS IS 4840 - 4800 - 4760

FOR NEWER TRADERS

WATCH THE LEVELS IN BLUE COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4950-65 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 YAHOO MESSENGER NEVER BUY IN A FALLING TREND AND VICE VERSA

MARKET DATA

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT. NIFTY FUT GAINS OPEN INTEREST BY 13.95% WITH INCREASE IN VOLUME BY 132% AND THAT INDICATES FORMATION OF SHORT POSITIONS. BOUNCE BACK EXPECTED FROM LOWER LEVELS.

LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOP LOSS AS MENTIONED. HOLDING POSITION BEYOND 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 4950 -65 SL 4940 FOR TGTS AS MENTIONED ABOVE

SHORT/SELL AT AROUND 5050-65 SL 5075 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.
FRIENDS MAY VISIT http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS OF EMINENT ANALYSTS.

DEEPA ACHARYA