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Tuesday, June 9, 2009

Intraday market outlook for 9June

The habit of forecasting the accurate market view once again made all our members mint money in down market. In our weekly outlook, yesterday we told you all to stay cautious as profit booking can come any time, and today you all must have watched the markets crashing down badly after a gap up opening. Below 4520 we gave a target of 4430, and nifty went below that. All in all a relaxing day for bears, who were waiting since long for getting a chance to smile.




Our PREMIUM MEMBERS shorted Nifty today at 4570 level with a revised target of 4430, a massive gain of 14opts in single trade in intraday.


For 9June, If nifty sustains below 4365 level, then we can expect the levels of 4330-4305 . But investors need not worry for this downside as this downside was necessary for a healthy markets in coming days, so investors can use the downtrend for buying value picks at lower rates. In the day trading nifty will face resistance at 4465-4480 levels, crossover of these levels can take nifty to 4530 level. So traders are adviced to trade with high cautious, as market trend may be highly volatile.

Nifty levels
  • Resistance- 4465-4480-4510-4530
  • Support- 4390-4365-4345-4315


Stocks for intraday-

  • Concor abv 980 tgt-988-995-1012
  • Orchid chemical abv 126 tgt-129-134
  • Balrampur Chini abv 98 tgt-101-105-108
  • Also watch Su-raj Diamond, Ahmednagar Forging.

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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