As usual, our market view going 100% accurate even in volatile markets and Nifty following our levels and making you all earn in any kind of market. The Market view provided by us last week, also turned out to be 100% accurate. Our habit of predicting accurate market view must have become an addiction for all of you visiting here. All other stock calls provided by us, also making handsome profits for you all. We always say, dont go with bull or bear, stay with levels & always be a winner. We hope you all must be getting benefitted with our highly accurate market view and must be minting money with that.
In this week starting from 18January, we still recommend you all not to create fresh short positions at lower levels, as market will be highly volatile with positive bias till Nifty fut is trading above 5130 level, and we can see markets sliding down and again bouncing back, till the level of 5130 is not breached on downside. Traders can use the strategy of buy on dips and sell on rise till Nifty futis in range 5130-5370. This market consolidation and correction will be healthier for markets and will provide a strong base for markets at these levels. For any upside rally, Nifty has to trade and sustain above the level 5370, but in current scenario this is looking as a formidable hurdle for bulls. From the current levels of 5254, Nifty future will face major resistance at the levels 5294-5315. For upside this week, Nifty has to sustain above these levels. If Nifty maintins to sustain above the level of 5315, then we can see upside till 5370-5445-5496 levels. On the contrary if Nifty slides down below 5210 level, then we can see downside till 5180-5165-5130 and if any how bears are able to get past below the levels of 5130 for consecutive days then more lower levels of 5070-5044 can be seen. However in curent scenario it seems that bulls are having an upperhand and traders must use every dip to buy till Nifty fut is trading above 5130 levels. Bears will tighten their grip only when they will be able to hold the markets below 5130 level.
In this week starting from 18January, we still recommend you all not to create fresh short positions at lower levels, as market will be highly volatile with positive bias till Nifty fut is trading above 5130 level, and we can see markets sliding down and again bouncing back, till the level of 5130 is not breached on downside. Traders can use the strategy of buy on dips and sell on rise till Nifty futis in range 5130-5370. This market consolidation and correction will be healthier for markets and will provide a strong base for markets at these levels. For any upside rally, Nifty has to trade and sustain above the level 5370, but in current scenario this is looking as a formidable hurdle for bulls. From the current levels of 5254, Nifty future will face major resistance at the levels 5294-5315. For upside this week, Nifty has to sustain above these levels. If Nifty maintins to sustain above the level of 5315, then we can see upside till 5370-5445-5496 levels. On the contrary if Nifty slides down below 5210 level, then we can see downside till 5180-5165-5130 and if any how bears are able to get past below the levels of 5130 for consecutive days then more lower levels of 5070-5044 can be seen. However in curent scenario it seems that bulls are having an upperhand and traders must use every dip to buy till Nifty fut is trading above 5130 levels. Bears will tighten their grip only when they will be able to hold the markets below 5130 level.
Concluding the whole market view, we can say that major triggers for the Nifty fut for this week are 5165-5130 on lower side and 5315-5370 on upper side, breaking on eitherside will lead Nifty to move further on that side.Any major movement in markets will come only after, breaking the range of 5130-5370 on consecutive closing basis. On downside if 5130 level is not breaked then we can see markets heading towards 5500+ levels in coming time. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
Nifty Levels
- Resistance - 5294-5315-5370-5445-5496
- Support - 5210-5180-5165-5130-5070
Crucial Range: 5130-5370
===================================
Stocks for the week
- Reliance Communication
- Samtel
- MRPL
- Century Enka
- Goodyear India
- WWIL
- Phillips Carbon
- Prabhav Industries
===================================
Intraday calls for 18January
- NMDC abv 482 tgt-489-502-522+
- Ratnamani metal abv 119 tgt-122-125.6-129
- Tata Elxsi abv 307 tgt-312-319-330
- United spirits abv 1277 tgt-1288-1305-1324
- Also watch Hindustan copper, Aarti Industries, Grauer & Weil, HOCL.
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!!!!
For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303
No comments:
Post a Comment