Market view 8-12September

In the current time,market is having some positive triggers and that is why we can see some upside in market for 1-2 days of the beginning of the week. But there are further some more triggers which will be clear after 2 days and so after then the movement might be ambiguous.
Overall trend for global markets is also down,though we can see some upside in US market also in beginning of the week,but for a safeside it would be better to book profits in this rise and stay with the cash n profits made. Leveraging positions in this rise,can be harmful for investors/traders.
Once Crude starts trading below 100$ mark,stay cautious,coz it can be a starting for fresh rally for crude and downsides of all markets!Use every rise for profit booking till 4560 levels,coz nifty has to trade above this level in order to maintain its uptrend,below this level weakness persisits and cautious is adviced.
Key levels to watch for nifty are 4310 on lower side and 4560 on upper side,breakout on either side will lead to sharp movement.
Trade in Reliance industries above 2050 levels only,below this level dont trade in this stock.Above 2130 it can show 2170-2210-2230 lvls.

Nifty levels-
Support- 4310-4285-4250-4210-4170
Resistance- 4393-4430-4455-4490-4545

Stocks to watch-
Tata Power
Rolta
Aban offshore
Orbit corporation
Kalindi Rail Nirman

Once the stock starts to trade above your buying price,then trail with your buying as your stoploss to avoid losses and maximising gain!!Keep booking profits time to time according to your profit satisfaction and risk apetite, as market is volatile!