NIFTY VIEWS ON 18.01.2010

NIFTY FUTURE HAS TO TRADE  AND SUSTAIN ABOVE 5270 FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5280 & WEAK BELOW 5250

LAST CLOSE NIFTY FUT 5254.40 NIFTY SPOT 5252.20

TREND - VOLATILE

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

BUY ABOVE 5151.95 SL 5229.30
TGT 5161.85 >  << 5269.85 - 5281.55 >> 5293.35 >5305.00 >> AND IF SUSTAINS ABOVE 5310 TARGET WILL BE 5320 - 5334 - 5345

IF NIFTY FUTURE CLEARS 5270 AND STAYS ABOVE THIS LEVEL FOR 10-15 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5270-80 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5228.15  SL 5250.65
TGT 5217.90 > << 5206.30 - 5193.40  >> < 5185.15 -  5173.25 > << 5160.50 - 5150.35 >>                                               
IF SUSTAINS BELOW 5150.00 FOR 5-10 MINS TRADE FOR TGT 5134 - 5124 - 5115 - 5105

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 5215 - 25 SL 5200 FOR TGTS AS MENTIONED ABOVE

SHORT/SELL AROUND/BELOW 5285 - 5295 SL 5315 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 -30 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 TO MILD GAP DOWN. NIFTY FUT GAINS OPEN INTEREST BY MARGINALLY  WITH DECREASE IN VOLUME BY 20.00% AND THAT INDICATES FORMATION OF SHORT POSITIONS 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