100% accuracy once again provided by us last week. We are continuously providing you all the most accurate market movement and levels since years. You all watched what happened last week, Nifty fut traded in range 5340-5552, and both these magic levels worked well. We told you these levels since last two weeks andsince then they are showing their importance to whole world. Those who followed our strategy of sell on rise and buy on dips, made handsome profits even in volatile markets. Stay tuned,keep minting money.
For the week starting from 23August, Nifty fut will face resistance at 5552 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to close above this level, we can see upper levels till 5590-5618-5650 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 5552 levels, failing to do so and closing below 5475 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5475 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 5445-5410-5372. So, the initial trading session of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious and take positions after watching the market scenario. Overall range for the markets the narrower range is 5475-5552, ans a brodaer range looks like 5372-5610, however on higher limit of this range chances for sudden profit booking will be of high probability.
We recommend all traders to watch the range 5445-5618, as this range is very crucial for this week, breakout of range on either side will lead to sharp movements. So, trading strategy must be made only after watching this range. On lower side 5445-5475 is support zone, & if Nifty dont breaches 5445 level on closing basis, then we can see bounce back in markets from lower levels, on higher side 5590-5618 is resistance zone. In this august expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions accordingly, and dont trade blindly without judging the market movement.
For the week starting from 23August, Nifty fut will face resistance at 5552 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to close above this level, we can see upper levels till 5590-5618-5650 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 5552 levels, failing to do so and closing below 5475 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5475 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 5445-5410-5372. So, the initial trading session of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious and take positions after watching the market scenario. Overall range for the markets the narrower range is 5475-5552, ans a brodaer range looks like 5372-5610, however on higher limit of this range chances for sudden profit booking will be of high probability.
We recommend all traders to watch the range 5445-5618, as this range is very crucial for this week, breakout of range on either side will lead to sharp movements. So, trading strategy must be made only after watching this range. On lower side 5445-5475 is support zone, & if Nifty dont breaches 5445 level on closing basis, then we can see bounce back in markets from lower levels, on higher side 5590-5618 is resistance zone. In this august expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions accordingly, and dont trade blindly without judging the market movement.
Nifty Levels
- Resistance - 5538-5552-5590-5610-5650
- Support - 5495-5475-5445-5410-5372
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Stocks for the week
- Omnitech Infosolutions
- Hinduja Ventures
- Reliance Power
- BRFL
- REI Six Ten
- TWL
- United Credit
- Hatsun Agro
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Intraday Calls
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