Market outlook for the week 14-18September

For the week starting from 14September, as we have been reiterating, 61.8 per cent retracement of the previous decline gives us the resistance at 4900 level that can be a formidable hurdle in the near-term which concludes that Nifty could struggle to move past 4,900level. Nifty fut will face major resistance at 4890 level, crossover from this level and sustaining above this, will open doors for higher levels of 4935-4968-5035. Any close above 5035, can make Nifty fut shoot upto the levels of 5090-5145-5210. However if Nifty fut reverts back from above given resitance level, then on lower side it has support at 4770 level, breaching below this and sustaining will make it slide down to the levels of 4725-4680-4640 ,any further slide below 4640 level will make the bears come into action again and once again we can see Nifty going till lower levels of 4575-4550-4515. For this week keep eyes on

We recommend all traders to keep a watch on 4890-4935 level on upper side and 4770-4730 on lower side, As breakout of these ranges can lead to sharp movements in market. On higher levels dont go long,instead try to book long positions at every rise of market. For all trades traders must keep a strict stoploss, as we are about to see a sharp movement in markets in coming days and surely the direction&time of movement will be told to our PREMIUM MEMBERS. So, leveraging positions without properly hedging that, can make your money stuck up in the markets.

Nifty Levels

Resistance -4860-4890-4935-4978-5035-5090

Support -4770-4725-4680-4640-4575-4515

===================================

Stocks for the week

• Vimta Lab
• Vijaya Bank
• Hind Copper
• Tata Chemicals
• Sesa Goa
• Goodluck Steel
• Revathi
• Apollo Hospital

===================================

Intraday calls for 14September

• GVK Power abv 50 tgt-51.2-52.5-54
• DCB abv 41 tgt-42.3-43-44
• McLeod Russel abv 207 tgt-210-214-220+
• Balkrishna Ind abv393 tgt-397-402-410+
• Also watch JPT Sec. ,Dhanalakshmi Bank,Excel Info,Raj TV,Central Bank.

For all trades,keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.

For LIVE MARKET updates and stock calls,

CLICK HERE.
====================================

For live market updates and stock calls, add our yahoo id-

eaibsecurities@yahoo.com

Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.

Only accuracy here!!!!