THE SUPREME POWER

THE SUPREME POWER

Wednesday, December 09, 2009

NIFTY VIEWS ON 09.12.2009

NIFTY FUTURE HAS TO TRADE ABOVE 5150 FOR MOVING FORWARD

NIFTY
FUTURE IS STRONG OVER 5175 & WEAK BELOW 5135

LAST CLOSE NIFTY FUT 5157.95 NIFTY SPOT 5147.95
TREND - VOLATILE - BULLISH
TREND DECIDER FOR TODAY <<< 5140 >>> ..... <<< 5185 >>>

BUY ABV 5171.85
SL 5159.55

TGT 5180.70 > << 5190.60 - 5201.35 >> < 5210.20 > << 5222.35 >> 5234.25 > > 5245.60 > > 5257.45
 

IF NIFTY FUTURE CLEARS 5185 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT AND SHOULD TARGET 5210-5225-5245-5260. NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUTAINS ABOVE 5175-85 DUE TO SHORT COVERING AND FRESH BUYING.

SELL/SHORT BELOW 5150.00 SL 5170.65
TGT 5139.50 > 5125.25 > << 5114.30 - 5105.20 > > 5094.90 - 5085.00

IF SUSTAINS BELOW 5100 FOR 5-10 MINS TRADE FOR TGT 5090 - 5075 - 5060 - 
GOOD BUYING SUPPORT IN COMING DAYS IS 5050-5020


ONLY FOR AGGRESSIVE TRADERS AND RISK LOVER
S

BUY AT/ABOVE 5115-5125 SL 5100 FOR TGTS AS MENTIONED ABOVE
SHORT/SELL AT OPEN /BELOW 5170-85 SL 5195 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.

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 5000-5020 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-A- VERSA

MARKET DATA

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT. NIFTY FUT GAINS OPEN INTEREST BY 2.26% WITH INCREASE IN VOLUME BY 26% AND THAT INDICATESFORMATION OF LONG POSITIONS. BOUNCE BACK EXPECTED FROM LOWER LEVELS IN CASE OF GAP DOWN OPEN..


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

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