NIFTY VIEWS ON 06.11.2009

NIFTY FUT HAS TO TRADE ABOVE 4850 FOR FURTHER UP MOVE AND BELOW 4760 EXPECT SELL OFF

NIFTY FUTURE IS STRONG OVER 4800 & WEAK BELOW4750
LAST CLOSE NIFTY FUT 4770.95 NIFTY SPOT 4765..55
TREND - VOLATILE

TREND DECIDER FOR TODAY <<< 4750 >>> ..... <<<4800 >>>

BUY ABOVE 4810.35 SL 4785.15

TGT 4826.45 > << 4838.85 - 4849.65 >> - < 4865.15-4875.60 > - << 4890.35 >>

IF NIFTY FUTURE CLEARS 4900 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE R4925. NIFTY REMAINS INTACT. WATCH THIS POINT. IF TRADES ABOVE 4875 WILL TGT 4900 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4850 FRESH BUYING

SELL/SHORT BELOW 4780.25 SL 4805.35
TGT 4765.25 > 4751.35 > -<< 4741.35 - 4731.55 >> << 4721.55-4705.65 >> 4695.85 <

IF SUSTAINS BELOW 4700 FOR 5-10 MINS TRADE FOR TGT - 4685 - 4672 - 4650

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 PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4700-35 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 NEXTT 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 GAP UP. NIFTY FUT SHOWS INCREASE IN OPEN INTEREST WITH INCREASE IN VOLUME AND THAT INDICATES FORMATION OF LONG POSITIONS AT LOWER 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 4750-60 SL 4735 FOR TGTS AS MENTIONED ABOVE
SHORT AT/BLW 4865-75 SL 4900 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(FOR FRIENDS IN THE BLOG)
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