NIFTY FUTURE IS STRONG OVER 4735 & WEAK BELOW 4700
LAST CLOSE NIFTY FUTURE 4705.20, NIFTY SPOT 4710.80
TREND DECIDER FOR THE DAY <<< 4695 >>>......<<< 4735 >>>
BUY ABOVE 4725.55 SL 4698.25
TGT 4734.55 > - << 4744.25 - 4760.65 >> - < 4776.25 > < 4788.35 > 4796.45
IF TRADES ABOVE 4750 FOR 5-10 MINS HOLD LONGS FOR 4765 - 4780 - 4795. IF NIFTY FUTURE CLEARS 4750-4775 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. NIFTY FUTURE SHOULD MOVE FAST ABOVE 4775 DUE TO SHORT COVERING
SELL BELOW 4696.75 SL 4724.45
TGT 4683.25 > - << 4671.05 - 4657.75 >> - < 4645.35 > - < 4635.15 >
IF TRADES BELOW 4635 FOR 5-10 MINS TGT 4625 - 4605. BELOW 4600 WILL TARGET TGT 4580 - 4561 - 4540 - 4525
LAST CLOSE NIFTY FUTURE 4705.20, NIFTY SPOT 4710.80
TREND DECIDER FOR THE DAY <<< 4695 >>>......<<< 4735 >>>
BUY ABOVE 4725.55 SL 4698.25
TGT 4734.55 > - << 4744.25 - 4760.65 >> - < 4776.25 > < 4788.35 > 4796.45
IF TRADES ABOVE 4750 FOR 5-10 MINS HOLD LONGS FOR 4765 - 4780 - 4795. IF NIFTY FUTURE CLEARS 4750-4775 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT. NIFTY FUTURE SHOULD MOVE FAST ABOVE 4775 DUE TO SHORT COVERING
SELL BELOW 4696.75 SL 4724.45
TGT 4683.25 > - << 4671.05 - 4657.75 >> - < 4645.35 > - < 4635.15 >
IF TRADES BELOW 4635 FOR 5-10 MINS TGT 4625 - 4605. BELOW 4600 WILL TARGET TGT 4580 - 4561 - 4540 - 4525
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 4640 - 4600 LEVELS IF REACHED. STAY CAUTIOUS ABOVE 4770 - 80, AS UNWINDING OF LONGS ARE SEEN AT HIGHER LEVELS AND FRESH SHORTS MAY BE INITIATED HERE.
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 MARKET DATA SHOW DECREASE IN OPEN INTEREST BY 8.08% WITH DECREASE IN VOLUME BY 14% AND THAT INDICATES SHORT COVERING.
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 MARKET DATA SHOW DECREASE IN OPEN INTEREST BY 8.08% WITH DECREASE IN VOLUME BY 14% AND THAT INDICATES SHORT COVERING.
FOR AGGRESSIVE TRADERS AND RISK LOVERS
BUY AT/ABOVE 4665-75 SL 4650 FOR TGTS AS MENTIONED ABOVE. RISK 15-25 PTS
SELL AT/BELOW 4775-4785 SL 4800 FOR TGTS AS MENTIONED ABOVE. RISK 15-25 PTS
NORMAL TRADERS/SAFE PLAYERS MAY NOT ATTEMPT THIS AS THERE IS EVERY POSSIBILITY OF HITTING STOPS IN THIS CALL, UNLESS OTHERWISE SUGGESTED IN YAHOO MESSENGER.
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.
PLEASE WATCH UPDATES 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
1 comment:
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