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Wednesday, September 2, 2009

Intraday market outlook for 2 September

Since many days we are repeatedly saing that for any upmove Nifty fut has to cross 4755 level, and you all must be watching that this level is proving out to be a magical level, from where Nifty starts it southward journey again and again. Today also,Nifty fut was unable to cross this level and then what happened you all must have watched. We clearly wrote in our intraday market view that failing to cross this level, nifty will fall sharply and once again we proved our 100% accuracy in market view and money minting stock tips

Our stock tips were blastingggg and giving massive gains even in negative markets. Berger paints and Panama Petro, made 20% upper circuit in this highly crashing markets. This is what Team EAIB provides you all. Join us and keep mitning money in any kind of market.



On 2September, Nifty fut will face resistance at 4665, in order to make the upward journey Nifty fut must sustain above this level, and once it manages to do so , it will spurt to the levels of 4690-4715-4755 again. On lower side, Nifty fut has support at 4580 level, breaching this level will make Nifty fut to slide down more and then it has support at 4545-4510 level. Any close below 4510 can create a panic selling among investors.


We recommend all traders to keep watch on Nifty in range 4560-4510, as if this range is sustained by Nifty fut then we can see markets again bouncing back to higher levels in coming days and this time Nifty can break the upper magical level and can make new high. So, one must stay cautious and trade with strict stoplosses in all long/short positions.





Nifty levels
Resistance- 4665-4690-4715-4755
Support - 4580-4545-4510-4444


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Intraday calls
  • Renuka Sugar abv 204 tgt-205.8-208-210+
  • Heidelberg Cement abv45.3 tgt-46-46.7-48
  • Wanbury ltd abv 76.5 tgt-77-78-79.8
  • Maruti abv 1545 tgt-1562-1585-1618
  • Tanla Solutions abv 61.5 tgt-62.5-63.6-65
  • Also watch ABCIL,Gati, Anu labs,Panama petro,Spectacle ind.
For all trades,keep trailing your stoploss once the trade is above the buying price. Avoid spike buying.

For intraday live market stock calls and market updates, click here.


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