NIFTY VIEWS ON 31.12.2009

NIFTY FUTURE HAS TO TRADE AND CLOSE ABOVE 5210 FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5200 & WEAK BELOW 5170

LAST CLOSE NIFTY FUT 5168.55 NIFTY SPOT 5169.45

TREND - VOLATILE

TREND DECIDER FOR TODAY <<< 5150 >>> ..... <<< 5170 >>>

BUY ABOVE 5175.00 SL 5153.10
TGT 5184.75 >  << 5195.50 - 5207.15 >> 5217.25 > 5227.30 >> AND IF SUSTAINS ABOVE 5235 TARGET WILL BE 5250 - 63  - 75 - 88 - 5300

IF NIFTY FUTURE CLEARS 5200 AND STAYS ABOVE THIS LEVEL FOR 10-15 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5190 - 5200 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5151.00  SL 5173.55
TGT 5141.25 > << 5131.05 - 5120.05  >> < 5110.10 -  5101.25 > << 5091.45 - 5080.00 >>                                                  
IF SUSTAINS BELOW 5080 FOR 5-10 MINS TRADE FOR TGT 5070-5054-5035

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 5130 - 20 SL 5105 FOR TGTS AS MENTIONED ABOVE

SHORT/SELL AROUND/BELOW 5200 SL 5220 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 PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 4950 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 SHEDS OPEN INTEREST MARGINALLY WITH INCREASE IN VOLUME  AND THAT INDICATES UNWINDING OF LONG POSITIONS.  NIFTY FUTURE MAY TRADE VOLATILE AND WITH POSSIBILITY OF PROFIT BOOKING AT HIGHER LEVELS.

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