NIFTY VIEWS ON 20.11.2009

NIFTY FUTURE HAS TO TRADE AND CLOSE ABOVE 5030 TODAY FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5000 & WEAK BELOW 4960

LAST CLOSE NIFTY FUT 4986.60 NIFTY SPOT 4989.00

TREND - VOLATILE

TREND DECIDER FOR TODAY <<<4965 >>> ..... <<<4985>>>

BUY ABOVE 4983.50 SL 4965.35
TGT 4996.65 >  << 5007.85 - 5020.75 >> 5030.75 > 5044.95 >> AND IF SUSTAINS ABOVE 5050  TARGET WILL BE 5068-82-95

IF NIFTY FUTURE CLEARS 5030 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5020-30 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 4960.25  SL 4980.55
TGT 4949.75 > << 4938.65 - 4922.35  >> < 4911.35 >                                                     
IF SUSTAINS BELOW 4900 FOR 5-10 MINS TRADE FOR TGT 4880-4870
GOOD BUYING SUPPORT IN COMING DAYS IS 4840 - 4800 - 4760

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 4930-45 SL 4920 FOR TGTS AS MENTIONED ABOVE (TO BE TRADED DURING RECOVERY/UPWARD JOURNEY)

SHORT/SELL AROUND/BELOW 5015-25 SL 5145 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 4900-4910 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 DOWN NIFTY FUT SHEDS OPEN INTEREST BY 14.63% WITH INCREASE IN VOLUME BY 28% AND THAT INDICATES WINDING UP OF LONGS AT HIGHER LEVELS. AND FORMATION SHORTS TOO. 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