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Topic: Technical Calls
DEEPA'S VIEWS ON NIFTY : 29.06.2009
| From : Dipa Acharya at 02:23 AM - Jun 29, 2009 ( ) |
Share it on FacebookNIFTY FUTURE IS STRONG OVER 4370 WEAK BELOW 4340 LAST CLOSE 4384.50
BUY ABOVE 4377.55 SL 4350.55
TGT 4394.15 - 4409.85 - 4425.85 - 4445.55 - 4465.60 - 4480.25 - 4505.95
IF SUSTAINS ABOVE 4475 FOR 10-15 MINS HOLD LONGS FOR 4500 - 4525 - 4550. BE CAUTIOUS AT HIGHER LEVELS. IF NIFTY FUTURE CLEARS 4425 - 4450 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT.
SELL BELOW 4345.85 SL 4367.35
TGT 4330.15 - 4310.90 - 4295.55
IF SUSTAINS BELOW 4275 FOR 5 -10 MINS SELL ONLY TGT 4250, 4210.
WATCH THE LEVELS IN GREEN COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS.
WATCH FOR UPDATES.
FOR RISK LOVERS / AGGRESSIVE TRADERS
WAIT FOR 5 -10 MINS BEFORE YOU TAKE POSITION - HIGH RISK HIGH GAIN
GO LONG AT 4335 - 4310 WITH SL AT 4290 FOR UPPER TARGETS AS ABOVE
GO SHORT AT 4450 - 4470 WITH SL AT 4495 FOR LOWER TARGETS AS ABOVE --- WATCH THIS
BOUNCE BACK EXPECTED FROM 4325 - 4300 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 4450 STAY LONG, OTHERWISE, SQUARE OFF LONGS AND WAIT FOR MORE DOWNSIDE. MARKET DATA SHOW INCREASE IN OPEN INTEREST BY 2.25% AND VOLUME UP BY 30.25% AND THIS SUGGESTS FORMATION OF LONG POSITIONS. EXPECT NIFTY FUT TO TRADE POSITIVE BUT WITH VOLATILITY.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOPLOSS AS MENTIONED. HOLDING POSITION AFTER STOPLOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.
BUY ABOVE 4377.55 SL 4350.55
TGT 4394.15 - 4409.85 - 4425.85 - 4445.55 - 4465.60 - 4480.25 - 4505.95
IF SUSTAINS ABOVE 4475 FOR 10-15 MINS HOLD LONGS FOR 4500 - 4525 - 4550. BE CAUTIOUS AT HIGHER LEVELS. IF NIFTY FUTURE CLEARS 4425 - 4450 WITH VOLUME BULL MOVE REMAINS INTACT. WATCH THIS POINT.
SELL BELOW 4345.85 SL 4367.35
TGT 4330.15 - 4310.90 - 4295.55
IF SUSTAINS BELOW 4275 FOR 5 -10 MINS SELL ONLY TGT 4250, 4210.
WATCH THE LEVELS IN GREEN COLOUR ABOVE. THESE LEVELS MAY GIVE GUIDANCE ABOUT MARKET DIRECTION. DO NOT ALWAYS WAIT FOR THE TARGET. BOOK PROFITS AT YOUR COMFORT LEVELS.
WATCH FOR UPDATES.
FOR RISK LOVERS / AGGRESSIVE TRADERS
WAIT FOR 5 -10 MINS BEFORE YOU TAKE POSITION - HIGH RISK HIGH GAIN
GO LONG AT 4335 - 4310 WITH SL AT 4290 FOR UPPER TARGETS AS ABOVE
GO SHORT AT 4450 - 4470 WITH SL AT 4495 FOR LOWER TARGETS AS ABOVE --- WATCH THIS
BOUNCE BACK EXPECTED FROM 4325 - 4300 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 4450 STAY LONG, OTHERWISE, SQUARE OFF LONGS AND WAIT FOR MORE DOWNSIDE. MARKET DATA SHOW INCREASE IN OPEN INTEREST BY 2.25% AND VOLUME UP BY 30.25% AND THIS SUGGESTS FORMATION OF LONG POSITIONS. EXPECT NIFTY FUT TO TRADE POSITIVE BUT WITH VOLATILITY.
LEVELS MENTIONED ABOVE ARE FOR NIFTY FUTURE. USE STOPLOSS AS MENTIONED. HOLDING POSITION AFTER STOPLOSS LEVELS IS HIGHLY DETRIMENTAL. IF STOP HITS, WATCH THE TREND AND TRADE ACCORDINGLY WITH SL 20-25 PTS.
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
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From : Dipa Acharya at 03:34 PM - Jun 29, 2009 ( )
5th TGT ACHIEVED AND AS SUGGESTED FOR RISK LOVERS ALSO A GAIN OF 60 PTS IN SHORT SIDE I AM SORRY I COULD NOT GIVE UPDATES DU TO NET PROBLEMS
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