NIFTY VIEWS ON 12.01.2010

NIFTY FUTURE HAS TO TRADE  ABOVE 5310 FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5280 & WEAK BELOW 5260

LAST CLOSE NIFTY FUT 5256.10 NIFTY SPOT 5249.40

TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<< 5270 >>> ..... <<< 5310 >>>

BUY ABOVE 5070.95 SL 5254.80
TGT 5280.15 >  << 5292.35 - 5303.45 >> 5314.15 >5324.20 >> AND IF SUSTAINS ABOVE 5330 TARGET WILL BE 5345 5370-5390

IF NIFTY FUTURE CLEARS 5310 AND STAYS ABOVE THIS LEVEL FOR 10-15 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5310-5325 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5251.25  SL 5270.65
TGT 5240.15 > << 5230.10 - 5220.35  >> < 5210.15 -  5200.10 > << 5190.50 - 5182.35 >>                                               
IF SUSTAINS BELOW 5180.00 FOR 5-10 MINS TRADE FOR TGT 5165 - 5154 - 5135

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 5225 - 40 SL 5210 FOR TGTS AS MENTIONED ABOVE

SHORT/SELL AROUND/BELOW 5295 - 5305 SL 5320 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 5220 -35 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 3.75%  WITH DECREASE IN VOLUME BY 9.00% AND THAT INDICATES FORMATION OF SHORT POSITIONS AT HIGHER LEVELS.  NIFTY FUTURE MAY TRADE VOLATILE. USE LOWER LEVELS FOR BUYING. 

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