Nifty view for 9-13March

Talking about the earlier week, the Indian markets started with RIL and RPL merger news, in which RIL announced share swap ratio of 1:16 for its merger with RPL. In the next news, RBI reduced its rates and then followed the news of Inflation getting down to 3.03%. With all these ups & downs, Our weekly view one again bang on target, and Nifty exactly followed our levels and traded lower after breaching the 2660 level, and took support at 2525 level. We clearly mentioned that 2775 is major resistance on upside,and Nifty took u-turn from these levels and came to touch our lower target of 2545 and even breached that to touch 2525 level. In the earlier week saw many news coming in with neagtive global cues and global markets touching new lows.Dow Jones is now at 5 years low.

Our members were given accurate levels,and thus minted money on both up-downside. We hope all of you have earned profit in truckload with our highly accurate and money minting calls.
On Friday our FREE INTRDAY CALLS of Akruti, Sun pharme and Satyam blasted to give 10-20% gain in intraday.
Our PREMIUM MEMBERS minted huge gains in Nifty fut. trades, and options like Nifty2500PUT,Nifty2700CALL, ICICI Bank CALL, etc. and many other Intraday calls. For Nifty fut. traders, We gave short call on nifty at 2655 and buy call at 2530 levels. Huge gains in both trades.

For this week, there are two holidays in trading sessions and thats why the week is short with Only three trading sessions, and in this week the IIP data will be realeased,which can be again down. Talking about the global markets,Dow Jones has support at 6350 levels,any closing below this level can make it fall more 8-15% downside, following the US Markets the global markets can then see more pain coming in if the foresaid case happens.

In Indian market ,For this week Nifty fut will face major resistance at 2645 level,once crossed and sustained above this level,we can see nifty going upto 2690 levels. Once nifty sustains and close above 2690 level, we can see Nifty going upto the level of 2745, which can act as turning point for nifty. However on lowerside support exists at 2595,breaching this level and closing below this,can make nifty fall upto the level of 2545-2490. Nifty range for this week will be 2745-2545,breakout on eitherside will lead sharp movement.


The week can again be with ambiguous moves,showing a fight between bulls and bears, to take the charge.

Nifty levels-
Resistance- 2645-2690-2710-2745
Support- 2595-2545-2525-2490


Stocks for the week-

• ABB
• Akruti
• Bharti Airtel
• Hindustan Zinc
• Hindustan dorr-oliver

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