NIFTY VIEWS ON 18.11.2009

NIFTY FUTURE HAS TO TRADE ABOVE 5100 FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5085 & WEAK BELOW 5060

LAST CLOSE NIFTY FUT 5063.40 NIFTY SPOT 5062.25

TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<<5050 >>> ..... <<<5085>>>

BUY ABV 5080.25 SL 5060.25

TGT 5090.45 > << 5104.25- 5115.65 >> < 5127.75 > << 5139.25 >> 5152.35 >> 5168.55 >>

IF NIFTY FUTURE CLEARS 5125 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT AND SHOULD TARGET 5140 - 5151 - 5170 - 5185. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5095 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5060.55 SL 5080.00

TGT 5050.85 > 5039.25 > << 5029.10 - 5018.55 >> 5005.45 >

IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT 4989-4970
GOOD BUYING SUPPORT IN COMING DAYS IS 4760 - 4800 - 4840

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 5010-20 SL 5000 FOR TGTS AS MENTIONED ABOVE (TO BE TRADED DURING RECOVERY/UPWARD JOURNEY)

SHORT/SELL AROUND/BELOW 5125 - 35 SL 5150 FOR TGTS MENTIONED ABOVE(TO BE TRADED DURING CORRECTION/DOWNWARD JOURNEY)

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.

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 PROITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 5000-5010 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 YAHOO MESSENGER NEVER BUY IN A FALLING TREND AND VICE VERSA

MARKET DATA

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO GAP UP NIFTY FUT SHEDS OPEN INTEREST BY 6.84% WITH INCREASE IN VOLUME BY 32% AND THAT INDICATES WINDING UP OF LONGS AT HIGHER LEVELS. NIFTY FUTURE MAY TRADE VOLATILE.

LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOP LOSS AS MENTIONED. HOLDING POSITION BEYOND 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(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