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Wednesday, July 8, 2009

Intraday market outlook for 8July

As we told you all yesterday,Nifty fut has support at 4115 level, and resistance at 4225 level, exactly the same happened in markets today. Nifty opened marginally lower and havent breaked the support level, and then surged up to make a high of 4224.3 ( we gave resistanceat 4225). We told you all that abv 4180 nifty will shoot to 4225, those who follow us, are making hugeee money in this volatil markets. All our intraday calls gave handsome profits to all of you.

Today our OPTION PREMIUM calls of Reliance1800PA given@65 booked @77, Reliance 1860CA @90 booked @105, Ispat30CA sold @ .30 covered @ .15 and Nifty4200 given @ 150 booked @178. All in all massive gains in intraday in all option calls. Our NIFTY FUT PREMIUM calls made almost 74pts gain in intraday. All other intraday cash calls minted money for all our PREMIUM MEMBERS.

On 8July, Nifty fut hae support at 4150-4115 level, if these support levels are not breached then we will see a pullback in Nifty till 4200+ levels. However breaking these levels Nifty can slide dwn to 4088-4040 levels. On upside Nifty fut will face resistance at 4230 level, crossing this level, it can make its way to 4246-4275 levels. Nifty range for the day will be 4115-4230, breakout on eitherside will lead to sharp movement.



Intraday calls

  • TRF ltd abv 802 tgt-810-816-830
  • Idea abv 73 tgt-73.8-74.5-76
  • Lakshmi energy abv84 tgt-85.2-86-87.1
  • Sell Reliance bel 1850 tgt-1838-1825-1810
  • Also watch Prism cement, Bharti shipyard, Marico, Rallis,JP Hydro.

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

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To know the exact trading levels for stocks and Nifty future, join our PREMIUM SERVICE and start minting money from any kind of market with our high accuracy.

Dont waste time in thinking, else you will loose the opportunity to earn money from the current movement of markets. Join us fast.
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