NIFTY VIEWS ON 20.01.2010

NIFTY FUTURE HAS TO TRADE AND CLOSE ABOVE 5250 FOR MOVING FORWARD

NIFTY FUTURE IS STRONG OVER 5240 & WEAK BELOW 5210

LAST CLOSE NIFTY FUT 5220.70 NIFTY SPOT 5225.65

TREND - VOLATILE - BULLISH

TREND DECIDER FOR TODAY <<< 5200 >>> ..... <<< 5250 >>>

BUY ABOVE 5231.55 SL 5210.25
TGT 5241.45 >  << 5252.10 - 5263.10 >> 5273.75 > 5282.85 >> AND IF SUSTAINS ABOVE 5280 TARGET WILL BE 5295 - 5310 - 5325 - 5340

IF NIFTY FUTURE CLEARS 5240 AND STAYS ABOVE THIS LEVEL FOR 10-15 MINS, BULL MOVE REMAINS INTACT NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5235-45 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5208.20  SL 5229.25
TGT 5197.40 > <<5187.20 - 5176.25  >> < 5165.45 -  5154.85 > << 5140.45 - 5124.95 >> < 5114.85                                                 
IF SUSTAINS BELOW 5100 FOR 5-10 MINS TRADE FOR TGT 5080 - 5070 - 5054 - 5035

ONLY FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABOVE 5165 - 85 SL 5150 FOR TGTS AS MENTIONED ABOVE

SHORT/SELL AROUND/BELOW 5250-60 SL 5275 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 TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS. BOUNCE BACK EXPECTED FROM 5165-75 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 MAINTAINS FLAT OPEN  INTEREST  WITH INCREASE IN VOLUME BY 11.50% AND THAT INDICATES FORMATION OF SHORT POSITIONS.  NIFTY FUTURE MAY TRADE VOLATILE AND WITH POSSIBILITY OF PROFIT BOOKING AT HIGHER LEVELS. BOUNCE BACK EXPECTED FROM LOWER 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