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Tuesday, June 16, 2009

Intraday Market outlook for 16June

Yesterday we warned you all about the coming downside in markets, and we gave this warning in first week of june also. We told that upside is limited now and profit booking will emerge which will make nifty ro slide down. exactly the same happened today, and you all must have watched Nifty crashing down heavily. Below 4565, we gave support level 4480, and Nifty fut made low of 4481 exactly, this is the accuracy level we provide to you.

Today our PREMIUM MEMBERS minted massive gain of140pts on Nifty. And Intraday calls of ayshree Tea,McLeod Russel,ACC etc gae huge money in negative markets also.




On 16June, Nifty fut have support at 4445-4410, if these support levels are not breached then we can expect a bounce back in the markets. If bounce back comes from these levels then Nifty can once again trade above 4500 levels. So, shorting must be done cautiously. If Nifty breaks the level of 4410, then we can expect 4365-4330 levels. One must trade accordingly,and hedge the trades for safer trading. Nifty day range will be 4445-4520, breakout on eitherside will lead to sharp movement.


Intraday calls-

IOC abv564 tgt-570-576-581
McLeod Russel abv104 tgt-108-112
NTPC abv223 tgt-225-228-232
Titagarh Wagon abv379 tgt-385-388-394
Also look for Maxwell,Jyoti lab,Chambal fert.


For all trades,keep trailing your stoploss once the stock is above the buying price. Avoid spike buying.



Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.Only accuracy here!!!!
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To know the exact entry-exit levels for trading in stocks/Nifty future, and to earn maximum profits from the share market, Join our PREMIUM SERVICE, and start minting money from share market.

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Posted by Rulers!! at Tuesday, June 16, 2009

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