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Friday, September 26, 2008

Nifty update 25September

Open 4162.15

High 4172.60

Low 4077.50

Last 4110.55

Prev. Close 4161.25

Accuracy of our market view intact even in this volatility of market. We gave the support level for mkt at 4080 and market almost took u-turn from 4077 level,and then showed good recovery,and managed to close at 4110 level. We gave a resitance level of 4170,and market made a high of 4172.6 and then reverted back to see the day low. We told that that below 4130 level we will witness steep downside and exactly the same happened and is visible through intraday graph of nifty.

During market hours at 4090 level,we intimated all our members on yahoo that dont go short now,and the result came out to be that market flared from thr to touch 4126 level,a 36point gain. i hope all of you must be njoying our nifty view,and must be minting good money from that.All intraday calls given by us today made a amazing 15-20% gain in intraday,Anu labs and Golden tobacco blasted to give hugeeee profits.

Tomorrow we can see nifty inching up. On the upmove nifty will face major resistance at 4180 level,if this level is crossed and sustained then we can see more upside in coming days. These rises in market must be used for booking profits,not for investing more money into the market. One must not keep much exposures in current market,it is advisable that do intraday trade rather than doing positional trade.

Nifty levels-

Resistance- 4145-4180-4210

Support- 4075-4030-4010

Nifty levels to watch are 4075 on lower side and 4145 on upside.

Njoyyy accuracy,njoyyy profittt!!

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