NIFTY VIEWS ON 22.01.2010

NIFTY FUTURE HAS TO TRADE AND CLOSE ABOVE 5100 TO MOVE FORWARD

NIFTY FUTURE IS STRONG OVER  5090 & WEAK BELOW 5050

LAST CLOSE NIFTY FUT 5084.55 NIFTY SPOT 5090.55
TREND - VOLATILE


TREND DECIDER FOR TODAY <<<5060 >>> ..... <<< 5080 >>>

BUY ABV 5090.65 SL 5069.55

TGT 5102.05 > << 5113.25 - 5124.65 >> 5135.65 >  << 5146.25 >>  5169.65  >>

IF NIFTY FUTURE CLEARS 5160-70 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT.AND WOULD TARGET 5180 - 5200 - 5220 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5115-5125 DUE TO SHORT COVERING AND FRESH BUYING

SELL/SHORT BELOW 5065.75  SL 5085.45 
TGT 5053.45 >  << 5042.15 - 5031.45 >> < 5020.25 > 5009.55 <

IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT - 4980-4960

GOOD BUYING SUPPORTS  ARE 5000-4965

FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABV 5010-25 SL 5000.00 FOR TGTS AS MENTIONED ABOVE

SHORT AT/BLW 5115-25 SL 5140.00 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.

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 5020-35 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

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 (FOR FRIENDS ONLY)

BEST OF LUCK AND HAPPY TRADING.

FRIENDS MAY VISIT http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS.

DEEPA ACHARYA