Nifty view for 24-28November

In the last week, we saw Nifty respecting the level of 2470 on downside, and as the level was not breached we saw short covering coming in from down side and nifty spurted back to 2700+ levels. In the present market the upside is due to the short covering only,no authentic buying is there in market. In the current upside,if nifty sustains the level of 2630 then we can see nifty going upto 2770-2830 levels. However the upside shouldnt be taken as bullish trend untill nifty closes abv 2900 levels. Every uprise in current market must be taken as an exit opportunity for long positions,as Cash is King!!!!
Nifty if this time,breaks the level of 2540 on downside,then we can see new nifty touching october lows and even down than that. Due to F&O expiry this week,the market trend will be highly volatile,so trading must be done with extra caution. Nifty range for this week will be 2540-2880,breakout on either side will lead to sharp movement. Leveraging positions at higher levels is not recomended.

For FOREX traders,we can see Dollar touching an higher level of 50+,if it sustains abv 48 level,below this we can see 45- levels. Gold traders are advised not to leverage positions in gold,we can see downside in gold in coming days. Support for gold is at 11800.

Nifty levels-
Support-2660-2580-2540-2470
Resistance- 2730--2775-2820-2880
Above given levels are major levels,however there are many intermediate levels,which will be given during market hours if we are available online.

Stocks of the week -
L&T
Unitech
Cipla
Grasim
Maruti
Keep booking profits in every stock,on whenever-whatever basis,as market will be highly volatile. Dont wait for much profits, or keep trailing with stoploss!!
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Our last week's performance-

Futures
Stocks:
Shorted Reliance on 1160 covered all holdings at 1043
(Earlier shorted at 1327 & 1274,more shorted at 1160).

Shorted SUzlon at 54 covered all holdings at 45
(Earlier shorted at 65,more shorted at 54 level).

Shorted UNitech at 43 covered all holdings at 31
(earlier shorted at 57,more shorted at 43).

Nifty:
Brokers associated with us were short from 3100 level.
>shorted at 2730 covered at 2510(positonal)
>Shorted at 2655 covered at 2540(intraday)
>shorted at 2672 covered at 2628(intraday)
>Long at 2564 booked at 2637(intraday)
>Long at 2593 booked at 2695 (intraday)
and many more intraday trades done in nifty,min. profit 35 points on nifty. Max. you can see from above trades.
Many more trades done in futures,only a few are provided here. Overall hugeee gains in Futures. No stoploss hit in future trading.

Options-
Nifty 2300Put bought at 19 sold at 36
Nifty 2700Call bought at 39 sold at 65
Nifty 3000Call optionDecember series bought at 78 booked partially at 98,still holding rest.
Unitech 30PUT bought at 2 sold at 3.9
Suzlon 40Put bought at 1.2 sold at 2.1

Equity-
Intraday trading-In equity we minted money in intraday ,we shorted Reliance capital,Bharti,DLF ,huge gains coming in these stocks.
We were long in Reliance ind. from the lower levels of 1080. RIL giving daily min. 30-40 points gain to us in intraday.
More stoscks traded were-
Rel. Infra
Bodal Chem.
National Alum
Suzlon& many more.
In this volatile market only our 2 equity calls hit stoploss,all others gave hugeee gains to our PREMIUM MEMBERS.
We minted hugeee money and now sitting with much cash to again mint money in this week!! This is the power of EAIB Securities and Strong market analysis done by us!!!!

To mint unilimited money from share market,join our PREMIUM MEMBERSHIP. If You are a Broker/Trader/Investor, and want to earn profit,Dont wait n watch,come join us n start minting money.Contact us at-09935466303