Nifty update 1October

As the view provided by us on 30September ,exactly the same happened. after opening gapdown almost 135 points nifty showed recovery till +115 points. When everyone else was saying lower circuit on 30September,we were the only one to say that market will recover,and the result is in front of tyou all. We proved our accuracy once again.
During market hours we gave nifty levels many times and earned hugeeee profits in nifty trade,to see the review visit-
http://www.orkut.co.in/Main#CommMsgs.aspx?cmm=50012908&tid=5235445312909209823&na=2&nst=57

Now the market is in ambiguous mood,from the current levels Nifty will face resistance at 4020 level,crossing this it can take another upside movement. But one should stay cautious and must not leverage positions in this market,this rise must be taken as an opportunity to book profits only. We advice everyone to do intraday trading in this market,as market is not strong and we may see downside again coming in later weeks of the month.
So better to book profits at every rise and stay with cash,this will provide you the max out of this volatile market. Delivery based buying must be done in coming weeks,dont buy at higher rates.

Nifty levels-
Support- 3880-3830-3770
Resistance-3980-4020-4045

Nifty levels to watch-
3770 on lower side and 3980 on upside,breaking and sustaining on either side will lead to sharp movemnet.

Intraday

Buy ONGC abv 1036 tgt-1060-75-84

Buy Infosys abv 1405 tgt-1420-35-52

Book profits at every rise!!