NIFTY VIEWS ON 11.01.2010

NIFTY FUTURE HAS TO TRADE & SUSTAIN  ABOVE 5280 FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5275 & WEAK BELOW 5250

LAST CLOSE NIFTY FUT 5249.45 NIFTY SPOT 5244.75

TREND - VOLATILE

TREND DECIDER FOR TODAY <<< 5250 >>> ..... <<< 5270 >>>

BUY ABOVE 5259.75 SL 5234.85
TGT 5269.75 >  << 5279.90 - 5289.45 >> 5299.30 > 5310.15 >> AND IF SUSTAINS ABOVE 5320 TARGET WILL BE 5335 - 5350

IF NIFTY FUTURE CLEARS 5273 AND STAYS ABOVE THIS LEVEL FOR 10-15 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5260 -80 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5229.85  SL 5250.25
TGT 5219.70 > << 5210.10 - 5200.00  >> < 5190.85 -  5179.25 > << 5168.95 - 5157.85 >> < 5144.85                                                 
IF SUSTAINS BELOW 5150 FOR 5-10 MINS TRADE FOR TGT 5134 - 5115 - 5105 

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 5210 - 20 SL 5185 FOR TGTS AS MENTIONED ABOVE

SHORT/SELL AROUND/BELOW 5275-85 SL 5300 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 5210-5220 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 BY 1.00% WITH DECREASE IN VOLUME BY 15.00%  AND THAT INDICATES FORMATION OF SHORT POSITIONS AT HIGHER LEVELS.  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