THE SUPREME POWER

THE SUPREME POWER

Tuesday, March 16, 2010

NIFTY VIEWS ON 16.03.2010

NIFTY FUTURE SHOULD TRADE AND CLOSE ABOVE 5151 FOR FURTHER UP MOVE
NIFTY FUTURE IS STRONG ABOVE  5155 & WEAK BELOW 5135

LAST CLOSE NIFTY FUT 5131.90 NIFTY SPOT 5128.90
TREND - VOLATILE - SIDEWAYS

TREND DECIDER FOR TODAY <<<5130 >>> ..... <<< 5150 >>>

ENTER TRADE ONLY IF LEVELS SUSTAIN ABOVE OR BELOW FOR MINIMUM 5 MINS

BUY ABV 5141.30 SL 5128.65
TGT 5151.00 > << 5162..25 - 5171.35 >> < 5182.92 << 5194.25 >>  << 5218.50 - 5230.85.>>

NIFTY FUTURE SHOULD MOVE FAST ONCE CROSSES AND SUSTAINS ABOVE 5165-5175 DUE TO SHORT COVERING AND FRESH BUYING. FAILURE TO TOUCH/SUSTAIN ABOVE THIS LEVEL WILL INVITE PROFIT BOOKING AND SHORT BUILD UP. CRUCIAL POINT TO WATCH FOR LONG TRADES
NIFTY FUTURE ON CROSSOVER  AND SUSTENANCE ABOVE 5165 -75 FOR 5-10 MINS WOULD TARGET 5180 - 5200 - 5220  

SELL/SHORT BELOW 5125.10  SL 5140.05
TGT  5115.05 >  <<5105.85 - 5095.25 >> < 5095.10 - 5082.80 > 5071.20 <


IF SUSTAINS BELOW 5080 FOR 5-10 MINS TRADE FOR TGT  5065-5048
GOOD BUYING SUPPORTS IN COMING DAYS ARE 5020-5000-4965

FOR AGGRESSIVE TRADERS AND RISK LOVERS

BUY AT/ABV 5100-5110 SL 5085 FOR TGTS AS MENTIONED ABOVE
SHORT AT BLW 5160 -75 SL 5185.00 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 5100 - 10 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 SHEDS OPEN INTEREST BY 2.70% WITH DECREASE IN  VOLUME BY 5.94% AND THAT INDICATES WINDING UP OF LONG POSITIONS. NIFTY FUTURE MAY TRADE VOLATILE.

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 OUR FORUM http://blueeye.11.forumer.com/index.php FOR MORE CALLS AND VIEWS.

DEEPA ACHARYA

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