NIFTY FUTURE IS STRONG OVER 4575 & WEAK BELOW 4545
LAST CLOSE NIFTY FUT 4559.35 NIFTY SPOT 4563.90
TREND - BEARISH - VOLATILE
LAST CLOSE NIFTY FUT 4559.35 NIFTY SPOT 4563.90
TREND - BEARISH - VOLATILE
TREND DECIDER FOR TODAY <<< 4535 >>>.....<<< 4565 >>>
BUY ABOVE 4565.35. SL 4524.15
TGT 4580.45 >-<< 4595.25 - 4615.85 >> - < 4631.65 > - 4648.55
IF TRADES ABOVE 4650 FOR 5-10 MINS HOLD LONGS FOR 4665 - 4678 - 4695
IF NIFTY FUTURE CLEARS 4600 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4625-50 POSITIONAL TGT 4700-4800. SHORT COVERING WILL MOVE NIFTY IF SUSTAINS ABOVE 4550-4575
IF NIFTY FUTURE CLEARS 4600 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4625-50 POSITIONAL TGT 4700-4800. SHORT COVERING WILL MOVE NIFTY IF SUSTAINS ABOVE 4550-4575
SELL BELOW 4534.55 SL 4558.45
TGT 4515.65 > 4495.25 - << 4482.25 >> - < 4467.35 > - 4455.15 >
IF SUSTAINS BELOW 4450 FOR 10-15 MINS TRADE FOR TGT 4435 - 4420
GOOD BUYING SUPPORT IN COMING DAYS IS 4388 - 95 - 4405
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4450 AND TRADE REVERSE AT 4450
GOOD BUYING SUPPORT IN COMING DAYS IS 4388 - 95 - 4405
POSITIONAL - HOLD NIFTY FUTURE WITH SL 4450 AND TRADE REVERSE AT 4450
FOR NEWER NIFTY TRADERS
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 4480-4460 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.. AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS STAY CAUTIOUS ABOVE 4600 - 4615. FRESH SHORTS MAY BE INITIATED HERE.
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 4500-4480 SL 4460 FOR TGTS AS MENTIONED ABOVE
SELL AT/BLW 4600-4625 SL 4650 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
BEST OF LUCK AND HAPPY TRADING.
FRIENDS MAY VISIT http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS OF EMINENT ANALYSTS.
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