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NIFTY VIEWS FOR 12.06.2009

From : Dipa at 03:25 AM - Jun 12, 2009 (32 months ago)
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NIFTY FUTURE IS STRONG OVER 4670 WEAK BELOW 4620

BUY ABV   4642.15 SL 4619.05

TGT  4651.30 - 4669.65 -  4679.25 - 4693.95 - 4719.25 - 4740.65.   IF SUSTAINS ABOVE  4650 FOR 5-10 MINS /11.00AM HOLD LONGS TILL 4665 - 4700 - 4725.    4680-90 IS HEAVY SUPPLY ZONE. IF SUSTAINS, THEN EXPECT FURTHER UPMPOVE .


SELL BELOW  4626.20 SL 4638.05

TGT  4608.45 - 4593.25 - 4580.15 - 4569.25 - 4534.35 -  4515.85 - 4499.75 -  4476.20   IF SUSTAINS BELOW   4450  SELL ONLY TGT  4400, 4380

WATCH THE LEVELS IN GREEN COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. CLOSE ABOVE 4600-4620 POSITIONAL TGT 4750-4800


FOR RISK LOVERS / AGGRESSIVE TRADERS
WAIT FOR 5-10 MINS BEFORE YOU TAKE POSITION - HIGH RISK HIGH GAIN
GO LONG AT  4580+ WITH SL AT 4559  FOR UPPER TARGETS AS ABOVE
GO SHORT AT 4680-90 WITH SL AT 4710  FOR LOWER TARGETS AS ABOVE


IF OPENS AT 4680-90  SHORT FOR DECENT GAIN  WITH SL OF 4710.  BOUNCE BACK EXPECTED FROM 4500-4480 LEVELS IF REACHED 


FOR BEGINNERS / NEW TRADERS...... LOW - HIGH OPEN --- IF MARKET OPENS ABOVE / BELOW THE RECOMMENDED LEVELS  WATCH THE TREND FOR 5-10 MINUTES AND TAKE POSITION ACCORDINGLY WITH STOPLOSS AT NEXT SUPPORT / RESISTANCE.


CONSIDERING CURRENT SCENARIO EXPECT MARKET TO OPEN GAP UP.  ABOVE 4620+ STAY LONG, OTHERWISE,  SQUARE OFF LONGS AND WAIT FOR MORE DOWNSIDE.

MARKET DATA : NIFTY FUTURE OPEN INTEREST DECREASED BY 2.4 % AND  VOLUME ALSO DECREASED BY 11%  . THIS SUGGESTS  SQUARING OFF  OF LONG POSITONS. SHORT  COVERING AND FRESH LONGS   WILL COME  ABOVE 4690 - 4700. IF SUSTAINS FOR 5-10 MINS.  VOLATILITY WILL BE SEEN AT HIGHER LEVELS. STAY CAUTIOUS.

DISCLOSURE : THE LEVELS PROVIDED ARE PURELY TECHNICAL AND BELIEVED TO WORK FAIRLY WELL. I HAVE NO POSITION  IN NIFTY FUTURE AND WILL TAKE FRESH POSITION TOMORROW AS PER ABOVE MENTIONED LEVELS

LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE



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From : Subu at 08:57 PM - Jun 12, 2009 (32 months ago)


Thanks for your nifty analysis What about Hotel leela & Indian Hotel Kindly reply , I have some quantity Thank You





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From : Dipa at 12:52 PM - Jun 12, 2009 (32 months ago)


HOLD LONGS AFTER 4640





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From : Dipa at 12:43 PM - Jun 12, 2009 (32 months ago)


DECENT GAINS FOR RISK LOVERS AND OTHER FRIENDS ALSO





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From : Dipa at 12:41 PM - Jun 12, 2009 (32 months ago)


GO LONG IN NIFTY AS ABOVE SL 4559





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From : Dipa at 12:36 PM - Jun 12, 2009 (32 months ago)


MEMBERS MAY BOOK PROFIT IN SHORT SIDE





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From : Dipa at 11:43 AM - Jun 12, 2009 (32 months ago)


BOOK BETWEEN 4700-4710




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