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Tuesday, July 21, 2009

Intraday market outlook for 21July

As told by us in weekly view, today after a positive gap up opening markets witnessed strong buying coming in across all the sectors which helped the markets to extend its gains and after sustaining above 4445, Nifty surged up sharply and ended below the resistance level of 4530 given by us. All shorters are now trapped badly in short positions, when everyone was bearish only we told you all that Nifty will give sharp bounce back from around 3930 level....and the result is in front of you all....Nifty fut making low of 3905 last week and now trading above 4500 levels this week. We are continuously providing you all the most accurate market view and making you all mint money in truckload. For more trades join our PREMIUM SERVICES and njoy the money rain in monsoon season.

Today our OPTION PREMIUM CALL of Reliance2100CA given at 16 went 32, money doubled in one day. NIFTY Fut. PREMIUM trade gave massive gain of 112pts in intraday and cash calls of Sterlite ind, JP Associates, DCHL, Visaka, Appolo hospital, etc gave massive gains in intraday.




On 21July, Nifty fut will face resistance at 4580 level, sustaining above this level Nifty can fire upto 4610-4635 levels. However if Nifty fut fails to cross 4580 level, then we can see Nifty revertin back from higher levels. On lower side Nifty fut has support at 4476-4450 levels, breaching these levels can change the market sentiments and can drag Nifty to more lower levels of 4422-4395 . In current scenario, we recommend all traders to keep booking profits in long positions, and not to create fresh long positions until Nifty closes above 4580 levels for 1-2 days. For the day Nifty fut range will be 4475-4580, breakout on either side will lead to sharp movements.
Nifty levels
Resistance- 4530-4554-4580-4610-4635
Support- 4502-4476-4450-4420-4395
Intraday calls
  • DCHL abv 83 tgt-86-90-93+
  • Rallis ind abv 735 tgt-748-760-774+
  • Tech Mahindra abv 808 tgt-820-832-850+
  • Dredging corp abv 465 tgt-472-479-483+
  • Hindustan Zinc abv 675 tgt-690-704-720+
  • Also watch Rungta Irrigation,Visaka ,ABAN, Teledata Info.

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

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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. JACKPOT CALLS based on insider news, ready to blast in any kind of market. People interested in our all JACKPOT calls with 99% accuracy, join our SURESHOT PREMIUM SERVICE.

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