Intraday market outlook for 8September

On 2Spetember we told that if Nifty sustains above 4560,then we can see Nifty inching higher and this time Nifty fut will break the mystry level of 4755 and will make a new high, and now you all must be watching the Nifty game with open eyes. When all other people were saying 4400-4200, we told that Nifty will be above 4755 this time, and once again we saved our members fro getting trapped and now all of them sitting on mountains of money.

On 8 September, Nifty fut will face resistance at 4815 level, once Nifty crosses this level and starts trading above this then we can see Nifty fut inching upto the levels of 4842-4860 levels, If Nifty any how manages to trade above 4860 and gives a close above this level then we can see it trading above 4900 levels also. However, failing to cross and sustain above the resistance level, Nifty fut has support at 4760 level, breaching below this level Nifty fut can slide down to 4735-4705-4680 levels, any close below 4680 can again make a chance for bears to come up and try to take the charge over bulls, in that situation lower levels of 4662-4630-4602 can be seen.
We recommend all traders to keep a watch on 4735 level on downside and 4842-4860 range on upside, as both of these levels can act as trend reversal levels if not sustained. So,one must stay cautous near to these levels,and must hedge all positions accordingly.




Nifty Levels
Resistance-4815-4842-4860-4886
Support -4760-4735-4705-4680

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Intraday calls

• Max india abv 181 tgt-184-186.7-189
• HCL Info abv 154 tgt-156-157.2-159
• GTL abv295 tgt-297.5-299-303+
• HPCL abv 417 tgt-420-424-432+
• Geodesic abv141 tgt-142.5-144-147
• Also watch Amtek auto, Real strips,Tide oil, MIC elec. ,Shreyas Shipping,

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

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