Market outlook for the week 7-11September

In our last week's market view we provided 100% accuracy and market behaved exactly as we told you all. On upside we said that 4755 is the magical level, and if not crossed then Nifty can show sharp downside and on downside we said that 4560 level can act as reversal level, and you all must have watched Nifty sliding down to 4571 levels from high of 4753 level, and again rising back to 4712 level from downside level of 4571. When all others were saying 4800-4900 we said 4560 and Nifty made low 4573, and when others were saying 4400-4200 we said 4700+ and Nifty made 4712 on friday.Thats the accuracy we provide in our market view. Enjoy the matchless accuracy of Team EAIB.

For the week starting from 7September, Nifty fut will face major resistance at 4755-4782, once Nifty fut manages to cross and sustain above this level, then bulls will take the charge and Nifty fut will spurt to the levels of 4815-4848-4925 levels. Any breakout and close above 4925 will open doors for higher levels of 4955-5035. However if Nifty fut is unable to cross the resistance level, thne we will see Nifty fut sliding down again and on downside movement it has support at 4630 level, once it breaches this level and sustains below this then it will create a selling pressure which will take Nifty fut down to 4580-4542-4505 levels. Any close below 4510 will make bears take the charge completely and Nifty may show more lower levels of 4444-4390-4332.

We recommend all traders to keep watch on 4782 level on upside and 4630 level on downside for their short/long trades, as these levels hold the key to the market movement in coming days. This time if Nifty is unable to cross the upper resistance level, then we can see a sharp correction in markets in coming days. So stay cautious and trade with strict stoplosses.

Nifty levels for the week

Resistance- 4755-4782-4815-4848-4925-4955

Support - 4630-4580-4542-4505-4444-4390

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Stocks for the week

• MRPL
• Sterling tools
• Anu's Lab
• Alembic Ltd.
• Hind. Zinc
• Pratibha Ind.
• Wanbury
• Alok Ind.
• EIH Asso.

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Intraday calls for 7 September

• ABB abv 755 tgt-760-767-775+
• Gujarat Alkali abv117 tgt-119.4-121.2-123
• Opto circuit abv 188 tgt-191-194.7-199
• Amtek auto abv 183 tgt-187-192-202+
• Also watch Ambika cotton,Prakash ind, Jubilant organo,Uttam Galva, Escorts.

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

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Only accuracy here!!!!

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