THE SUPREME POWER

THE SUPREME POWER

Tuesday, November 10, 2009

NIFTY VIEWS ON 11.11.2009

NIFTY FUTURE IS STRONG OVER 4900 & WEAK BELOW 4865
LAST CLOSE NIFTY FUT 4874.70 NIFTY SPOT 4881.70
TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<< 4850 >>> ..... <<< 4900 >>>

BUY ABV 4895.15 SL 4870.15
TGT 4914.40 > << 4925.90 - 4938.25 >> < 4948.50 > << 4959.45 - 4970. 85 >>< 4982.15 >

IF NIFTY FUTURE CLEARS 4980 AND STAYS ABOVE THIS LEVEL WITH VOLUME, BULL MOVE REMAINS INTACT. IF TRADES ABOVE 5000 WILL TGT 5015 -5035-5065. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 4925-4935, DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 4865.00 SL 4885.45
TGT 4953.60 > << 4844.42 - 4832.15 >> < 4822.70 > < 4810.25 > < 4796.70 >

IF SUSTAINS BELOW 4805 FOR 5-10 MINS TRADE FOR TGT 4796 - 4786-4770
GOOD BUYING SUPPORT IN COMING DAYS IS 4645-4680

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 4825-35 IF REACHED .

FOR NEWER TRADERS

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. DECREASE IN OPEN INTEREST BY 5.34% AND INCREASE IN VOLUME BY 13% INDICATE WINDING UP OF LONG POSITIONS. SUDDEN PROFIT BOOKING AT HIGHER LEVELS MAY NOT BE RULED OUT. BE ON GUARD ABV 4925-45 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 4825-35 SL 4810 FOR TGTS AS MENTIONED ABOVE
RISK 15-25 POINTS
SHORT AT/BLW 4925-35 SL 4950 FOR TGTS MENTIONED ABOVE RISK 15-25 POINTS

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

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