Intraday market outlook for 9February

On 8February, once again Team EAIB made everyone mint money in truckload with its highly accurate market view. We told very clearly in our market view that the levels 4665 & 4830 are crucial on downside and upside respectively. And you all must have watched Nifty fut making a low of 4667 & then blastingggg high to 4807 in intraday, and then again coming down to around 4750 levels from day high. Our Nifty buy call given at 4670 with SL-4665, made a fantabulous gain of 147pts. Hope all of you must have earned profit in truckload!!!! Our habit of predicting accurate market view must have become an addiction for all of you visiting here. Keep minting money with us, in any kind of market.

On 9February, Nifty fut will face major resistance at 4772, once Nifty fut manages to cross and sustain above this level, then bulls will try to make Nifty fut spurt to the levels of 4798-4810-4830 levels. Any breakout and close above 4830 will open doors for higher levels of 4865-4935-5048. Contrary to the upside, if Nifty fut is unable to sustain at higher levels and reverts back, then it has support at 4730 level, breaching this level Nifty fut can slide down to the level of 4705-4680-4665 in short time, and 4660 is a major support level, once Nifty breaks this level and sustain below this level then we can expect a correction in Nifty till the levels of 4545-4480-4444. Any close below 4665 level, will boost negative sentiments in markets and panic selling can come across all sectors of market.

We recommend all traders to stay cautious as the Nifty is on verge of a unexpected & sharp breakout of 200-500points in coming day (to know the direction, join our PREMIUM SERVICES) . One must be watchful in the range 4665-4830, as this is a crucial range. On the upside one must be cautious as on higher levels markets are continuously facing stiff selling pressure. As we have suggested earlier also, that use levels and follow the strategy of buy on dips-sell on rise. So, all uprise must be used to exit long positions and not to leverage positions , also on lower levels one must not jump and do short selling, follow the levels strictly and initiate right trade on right time to mint money. Stay tuned with Team EAIB for more well in time updates about market direction.

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Nifty Levels

• Resistance - 4772-4798-4810-4830
• Support - 4730-4705-4680-4665

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Intraday calls

• Poly Medicure abv 214 tgt- 218-226-238+
• Kinetic Motor abv 30.3 tgt-31-32.5-34+
• Axis Bank abv 1022 tgt-1035-1048-1065
• Sell Reliance bel 994 tgt-984-977-965
• Also watch MLL, Ashiana Ispat, SPIC , Rasandik Engg.

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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