NIFTY FUTURE HAS TO TRADE ABOVE 4850 FOR FURTHER UP MOVE AND IF SUSTAINS BELOW 4795 EXPECT SELL OFF
NIFTY FUTURE IS STRONG OVER 4835 & WEAK BELOW4785
LAST CLOSE NIFTY FUT 4790 NIFTY SPOT 4796
TREND - VOLATILE
TREND DECIDER FOR TODAY <<< 4775 >>> ..... <<<4840 >>>
IF NIFTY FUTURE CLEARS 4900 AND TRADES ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4850 DUE TO FRESH BUYING
SELL/SHORT BELOW 4790.35 SL 4814.45
TGT 4778.00 > 4765.25 > 4754.85 >> - << 4743.65 - 4733.25 >> << 4720.55 - 4704.65 >> <4692.85 >
IF SUSTAINS BELOW 4700 FOR 5-10 MINS TRADE FOR TGT - 4685 - 4672 - 4650
LAST CLOSE NIFTY FUT 4790 NIFTY SPOT 4796
TREND - VOLATILE
TREND DECIDER FOR TODAY <<< 4775 >>> ..... <<<4840 >>>
BUY ABOVE 4815.75 SL 4795.25
TGT 4826.45 > << 4838.85 - 4848.95 >> - < 4861.25 - 4872.60 > - << 4882.15 >>IF NIFTY FUTURE CLEARS 4900 AND TRADES ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. WATCH THIS POINT. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4850 DUE TO FRESH BUYING
SELL/SHORT BELOW 4790.35 SL 4814.45
TGT 4778.00 > 4765.25 > 4754.85 >> - << 4743.65 - 4733.25 >> << 4720.55 - 4704.65 >> <4692.85 >
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 LOWER LEVELS
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. NIFTY FUT SHOWS DECREASE IN OPEN INTEREST BY 2.90% WITH DECREASE IN VOLUME BY 34% AND THAT INDICATES WINDING UP OFF LONG POSITIONS EXPECT VOLATILITY.
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.
No comments:
Post a Comment