THE SUPREME POWER

THE SUPREME POWER

Thursday, March 04, 2010

NIFTY VIEWS ON 04.03.2010

NIFTY FUTURE IS STRONG OVER  5090 & WEAK BELOW 5070

LAST CLOSE NIFTY FUT 5081.10 NIFTY SPOT 5088.10
TREND - VOLATILE - BULLISH

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

BUY ABV 5090.65 SL 5069.55
TGT 5102.25 > << 5114.35 - 5125.75 >> < 5135.65 << 5145.95 >>  5158.75  >>

IF NIFTY FUTURE CLEARS 5160-70 AND STAYS ABOVE THIS LEVEL FOR 5-10 MINS, BULL MOVE REMAINS INTACT. .IF SUSTAINS, NIFTY FUT  WOULD TARGET 5180 - 5200- 5220 NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5120-5135 DUE TO SHORT COVERING AND FRESH BUYING. FAILURE TO SUSTAIN THIS LEVEL WILL INVITE PROFIT BOOKING AND SHORT BUILD UP. CRUCIAL POINT TO WATCH FOR LONG TRADES

SELL/SHORT BELOW 5065.75  SL 5085.45
TGT  5054.55 >  << 5043.105031.65 >> < 5019.25 > 5008.55 <


IF SUSTAINS BELOW 5000 FOR 5-10 MINS TRADE FOR TGT  4980-4960
GOOD BUYING SUPPORTS IN COMING DAYS 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 5120-35 SL 5151.00 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

CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN FLAT TO MILD GAP UP NIFTY FUT HAS MARGINAL GAINS IN  OPEN INTEREST(9.30%) WITH DECREASE IN VOLUME  BY  7.00% AND THAT INDICATES FORMATION OF SHORTS AT HIGHER LEVELS. EXPECT VOLATILITY DUE TO 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.

DEEPA ACHARYA

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