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Thursday, October 22, 2009

Intraday market outlook for 22 october

On 22 October keep a watch on support of 5020 level, break below this level will take Nifty fut to 4998-4980 levels sharply. However a good support exist at 4980 level on lower side and this level will act as a barrier for bear party. Any close below 4980 level will open doors for bears to take charge over the market and will make bulls out of the scenario. If Nifty fut is able to sustain above support levels of 5020-4980, then again expect a bounce back in markets and this time we can see new highs in markets. Moving on the upside Nifty fut have resistance at 5090, crossover from this level will take nifty to 5110-5135-5148 levels. For further upside Nifty fut has to give closing above 5148 level. The max time markets are sustaining below 5148 level, it will weaken the bulls and will encourage the bears to attack again and again.

We recommend all traders to buy on dips and sell on rise till Nifty fut is sustaining above 4980 level. Try to square off the trades as early as possible, and take home the profits rather than stucking your money in positional trades. Market movement will be highly volatile with stock specific movement. Keep an eye on following future stocks - Sintex, Shipping Corp. of India, Mphasis. These stocks can spurt in coming days. Buy on dips,hold and mint money!!

Please dont ask for TRIAL, already we are giving FREE TRIAL CALLS daily to all members, and calls giving profits in thousands, but even then we get hundreds of requests daily for TRIAL.





Nifty Levels
Resistance- 5020-4998-4980-4935
Support - 5090-5110-5135-5148


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Intraday Calls

  • NIIT ltd abv 73.5 tgt-74.3-75.8-77
  • Core Projects abv 209 tgt-212-216-219
  • JP Associates abv 256 tgt-260-265-269+
  • Short Tata Motors bel 555 tgt-550-545-537
  • Also watch DCM Shriram, Walchandnagar ind,Oil Country,Jindal steel &power.


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.


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Only accuracy here!!!!
Posted by Rulers!! at Thursday, October 22, 2009

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