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 4830 is the magical level, and on downside we said that 4665 level can act as reversal level, and you all must have watched Nifty sliding down to 4667 levels and then rising sharply to make a high of 4842 level. When everyone was bearish we told everyone to buy nifty with stoploss of 4665, and all those who followed us minted massiv gains last week, all shorters trapped badly. Thats the accuracy we provide in our market view. Enjoy the matchless accuracy of Team EAIB. Thats why we say, dont be a bull, dont be a bear, trade with levels and always be a winner.
For the week starting from 15February, as we have been reiterating, the resistance at 4900 level can be a formidable hurdle in the near-term which concludes that Nifty could struggle to move past 4900level. Nifty fut will face major resistance at 4890 level, crossover from this level and sustaining above this, will open doors for higher levels of 4935-4972-5048. Any close above 5048, can make Nifty fut shoot upto the levels of 5090-5145, where the higher limit can be a temporary top for markets. Contrary to this upside move, if Nifty fut reverts back from above given resistance levels, then on lower side it has support at 4770 level, breaching below this and sustaining will make it slide down to the levels of 4725-4665-4545, any close below & slide below 4665 level will make the bears come into action again and once again we can see Nifty going till lower levels of 4545-4480. For this week keep eyes on the range 4665-4890, decisive breakout of this range will show sharp movement.
We recommend all traders to keep a watch on 4890-4935 level on upside and 4770 on lower side, As breakout of these ranges can lead to sharp movements in market. On higher levels dont go long, instead try to book long positions at every rise of market. As in current scenario for medium term, it looks like some unexpected sharp movement in markets is ready to come, so traders who are unaware of the directions and levels of market, are adviced to book profits and stay with cash. For all trades traders must keep a strict stoploss, as we are about to see a sharp movement in markets in coming days and surely the direction&time of movement will be told to our PREMIUM MEMBERS. So, leveraging positions without properly hedging that, can make your money stuck up in the markets.
For the week starting from 15February, as we have been reiterating, the resistance at 4900 level can be a formidable hurdle in the near-term which concludes that Nifty could struggle to move past 4900level. Nifty fut will face major resistance at 4890 level, crossover from this level and sustaining above this, will open doors for higher levels of 4935-4972-5048. Any close above 5048, can make Nifty fut shoot upto the levels of 5090-5145, where the higher limit can be a temporary top for markets. Contrary to this upside move, if Nifty fut reverts back from above given resistance levels, then on lower side it has support at 4770 level, breaching below this and sustaining will make it slide down to the levels of 4725-4665-4545, any close below & slide below 4665 level will make the bears come into action again and once again we can see Nifty going till lower levels of 4545-4480. For this week keep eyes on the range 4665-4890, decisive breakout of this range will show sharp movement.
We recommend all traders to keep a watch on 4890-4935 level on upside and 4770 on lower side, As breakout of these ranges can lead to sharp movements in market. On higher levels dont go long, instead try to book long positions at every rise of market. As in current scenario for medium term, it looks like some unexpected sharp movement in markets is ready to come, so traders who are unaware of the directions and levels of market, are adviced to book profits and stay with cash. For all trades traders must keep a strict stoploss, as we are about to see a sharp movement in markets in coming days and surely the direction&time of movement will be told to our PREMIUM MEMBERS. So, leveraging positions without properly hedging that, can make your money stuck up in the markets.
Nifty Levels
Resistance - 4890-4935-4972-5048-5130
Support - 4770-4725-4665-4545-4480
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Stocks For the week
- Selan Expo
- Hind Rectifier
- Videocon Ind
- Repro India
- Nutraplus Products
- MTNL
- Moldtek Plastics
- Marsons Ltd.
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Intraday Calls for 15February
- Hindustan Oil Exploraion abv 272 tgt-275-279-285+
- VIP Ind abv 230 tgt-234.6-243-255+
- Mphasis abv 729 tgt-734-741.4-746
- Honda Siel Power abv 362 tgt-368-373-388
- Also watch Royal Orchid Hotel, Indian Hotel, Titagarh Wagon, V B Desai Financial.
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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