Intraday market outlook for 13August

What happened Yesterday, have you all watched?????? We told clearly that 5340-5372 is support zone and market will bounce from there, and the same happened when Nifty fut reverted back from 5363 to 5432 level. And again on upside as said by us 5448 level acted as resistance and Nifty went down to 5397 from 5432. Hope you all must have enjoyed the magical levels and trades provided by Team EAIB.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. 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. We always say, don't go with bulls/bears, stay with levels and earn in both kind of markets.

On 13August, Nifty fut will be having a resistance level at 5448 level, if it manages to hold and sustain above this levels then next hurdle for the upsurge will be 5484 level. If Nifty fut sustains above 5448 level, then we can see higher levels of 5472-5484-5510 In order to take charge over bears, bulls have to hold Nifty fut above 5484 level, failing to do so bears will make all possible effort to drag down the markets to lower levels in later hours from higher levels. On lower side support for Nifty fut is at 5390 level, if it breached and sustained then we can see markets sliding down to 5372-5340-5314 levels. In the current scenario the market movement is ambiguous so traders must follow the strategy of sell on rise and buy on dips, rather than waiting for expiry/day closing targets.

We recommend all traders to keep a watch on 5484 level on upside and 5372 level on downside, as these two levels are very crucial for further market movement, and crossover of any of these will show sharp movements. All traders must trade with high cautious, as we are on verge of breakout of this range, so all trades must be done with strict stop losses. One must keep booking bidirectional small profits time to time rather than expecting unidirectional gains. We have clearly told in our weekly market view that book long positions at higher levels & 5484 is crucial resistance failing to cross this bears will drag down the market, and all of you must have watched the crash in markets from 5489 to 5363 levels. Hope all of you must have enjoyed the highly accurate and timely update given by us. Stay tuned with Team EAIB.

Nifty Levels

• Resistance - 5448-5472-5484-5510
• Support - 5390-5372-5340-5314

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Intraday Calls

• Hinduja Ventures abv 435 tgt-442-455-467+
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