Intraday market outlook for 17February

As we have told on 16February that 4848 is major resistance for Nifty fut and Nifty fut will fire to 4890 if this level is crossed, everyone watched that till 3pm Nifty made high of 4847.9 and was struggling hard to cross this magic level whole day long, and after 3pm when it crossed this level it firedddd to make a new high of 4893 within few minutes. Once again we proved our accuracy, and made everyone earn huge profits. All our FREE TRIAL calls provided on blog and SMS group made massive gains in intraday. Hope all of you must be minting money in truckload with our highly accurate market views and stock tips. Stay tuned with Team EAIB for more action.

On 17February, Nifty future will face resistance at 4935 level, if it manages to cross and sustain abve this level then we can see higher levels of 4972-4998-5048. Sustaining and closing above the resistance level of 4890, can once again make traders to jump and buy in panic, however the big bulls will try to keep booking profits at all higher levels in range 4935-5048. Contrary to the upside if Nifty fut reverts back from higher levels on account of profit booking, then on lower side it has support at 4845, breaching below this level Nifty can slide to 4820-4790-4770 levels. Any movement below 4770, will create panic selling situation which can make markets come down sharply.

Nifty fut above 4935 can touch 4972-5048-5145 levels, as few big bulls playing massively in current markets. They are long from levels of below 4700, so they are trying to steam up the markets to exit their long positions. We recommend all members to keep booking profits at every rise, as after inching higher any time sudden profit booking can come. If you ar not aware of right time and right direction. then surely use these upside to exit the long positions and not to create fresh positions. We are about to see a sharp movement in markets till March'10 and surely the direction & time of movement will be told to our PREMIUM MEMBERS. Leveraging positions without properly hedging that, can make your money stuck up in the markets. Traders must be stock specific, rather than going for the market move because market movement can be dicy & ambiguous. Small caps and few mid caps can perform well in coming days. Sentmental trading must be avoided, and traders must follow the levels to trade in the markets

Nifty Levels

• Resistance - 4935-4972-4998-5048
• Support - 4845-4820-4790-4770

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Intraday Calls

• Savita Oil abv 430 tgt-438-452-470+
• Onmobile abv 368 tgt-372-377-385+
• Shivam Auto abv 107 tgt-110-115-122+
• VB Desai Financial abv 27.5 tgt-28-29.2-31
• Also watch Varun Ind. ,Adani Ent. , Jain Irrigation, Vascon.

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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