Intraday market outlook for 16July

On Friday we warned everyone that Nifty might get a sharp pullback from around 3930, you all must be watching that after then Nifty is heading higher n higher, and made a high of 4252 today from the low of 3905 on friday, a massive recovery of 347 points in few days. When everyone else was bearish with the target of 3800-3600,we boldly said that Nifty will get a sharp pullback. And the result can be seen now. As usual our accuracy intact at 100%.
Yesterday also, we told that major resistance dor Nifty fut is 4155, above that target was given as 4225, and today nifty traded below 4155 for much time, andas it breaked the resistance of 4155, it blastedddddddddd to 4252 in the last hours of trade. Hope you all must be enjoying the accuracy and must be minting money in truckload. All our intraday calls CMC, Onmobile, Moserbaer, Rallis, Motilal oswal, Jubliant ,SREI blasteddddddd like Nuclear bombs.....and gave massive gains to you all.

Our PREMIUM MEMBERS our Long on Nifty fut from 4150 level, with the target of 4248, and Nifty made high 4152, all our targets achieved and massive gains in Nifty fut trading in intraday. Our INTRADAY CALLS of CMC gave 45rs profit in 5 minutes and RALLIS gave 115rs profit in 10Minutes. Both these calls blasteddddd and made our members earn massively.
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On 16July, Nifty fut resistance is at 4165level, If nifty manages to sustain above this level then we can see Nifty showing upsurge once again and this uprise will lead Nifty to toouch the levels of 4290-4315-4344+. On the contrary, Nifty have support at 4215 on lowerside, if it sustains below this level then it can slide down to 4185-4150-4112 levels. One must stay cautious in the curent markets, as the markets are highly volatile and show ambiguous moves in intraday trading before going for a onesided movement. Nifty range for the day will be 4185-4310, breakout on eitherside will lead to sharp movement.
However, we will recommend everyone to book long positions above 4344 levels (if it is achieved by Nifty) and stay with cash. Any levels coming in above 4344 will be for booking complete longs and staying with cash to re-enter at lower levels. Failing to sustain at above levels, nifty will show downside movement any time. Stay cautious!!!!


Nifty levels
Resistance- 4265-4290-4310-4344-4360
Support - 4215-4185-4154-4128-4095

Intraday calls

• CMC abv 835 tgt-843-852-865+
• RIL abv 1850 tgt-1864-1875-1890
• Venus remedies abv220 tgt-224-227.6-230+
• Dhampur sugar abv 63 tgt-65.4-67-68.5
• Also watch NMDC,Jayant agro,Rallis,IDBI.

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

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