STAR News exposes Speak Asia Online Fraud/Scam

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NIFTY FUTURE - INTRADAY TRADING LEVEL - BUY / SELL :: 16th May 2011

Long Nifty Future above 5585 with stop loss 5550 for target 5615 / 5635 / 5665

Short Nifty Future below 5535 with stop loss 5570 for target 5495 / 5465 / 5440

Trade Only If The Level Crossover Above or Below With-In The First Hour of Trading Session

OM SHRI GANESHAYA NAMAH

UPDATE : NIFTY SPOT EOD CHART - FLAG PATTERN FORMATION ON CHART - BREAKOUT LEVELS - THE TREND IS BEARISH

NIFTY SPOT EOD CHART

THERE IS FLAG PATTERN FORMATION ON CHART
THE HEIGHT IS OF 162 POINTS

BREAKOUT LEVELS

ON DOWNSIDE 5480 - TGT 5330-5310
ON UPSIDE 5615 - TGT 5765-5785

NEED TO CLOSE BELOW OR ABOVE
AND SUSTAIN THE LEVEL NEXT DAY FOR CONFIRMATION

AS PER ASTRO ANY RISE ON MONDAY OR TUESDAY SHOULD BE USED FOR SELLING
ON WENESDAY & THURSDAY MARKET WILL REMAIN UNDER SELLING PRESSURE

AND ON FRIDAY WILL ATTRACT BIG SELL-OFF.

NOTE :- OUR VIEWS REMAIN THE SAME TILL NIFTY SPOT REMAINS BELOW 5570 ON CLOSING BASIS

THE TREND IS BEARISH AND WE KEEP OUR TGT 3 & 4 INTACT I.E. 5370 & 5245

ONLY ON CLOSE ABOVE 5570 TREND WILL BECOME BULLISH

AND FOR BOOSTING UP NIFTY SPOT NEED BREAK AND CLOSE ABOVE 5640

UPDATE : NIFTY SPOT WEEKLY CHART - 5210 LAMAX REKHA & LAST HOPE FOR NIFTY

NIFTY SPOT WEEKLY CHART

PREV WEEK FAILED TO CLOSE BELOW BUT THIS WEEK BROKEN TREND LINE -1 @ 5550

AND CLOSED BELOW THE SAME AS SHOWN IN CHART
NOW IF NEXT WEEK FAILS TO HOLD LEVEL 5570 THEN IT WILL BE CONFIRMATION

THAT IN COMMING WEEKS MARKET WILL TEST / TRY TO COME NEAR SUPPORT ZONE TREND LINE -2 @ 5210

BE CAUTIOUS

ONE CAN ACCUMULATE LONGS NEAR 5300 +/- LEVELS

WITH STOP LOSS 5210 ON WEEKLY CLOSING

WEEKLY TREND LINE - 2 @ 5210


LAMAX REKHA & LAST HOPE FOR NIFTY
IF CLOSE BELOW HISTORY WILL BE REPEAT


TWO WEEKLY CLOSE BELOW 5210
WILL TGT 1 - 4880 / 4760 & TGT 2 - 3400 / 3500
WITH SUPPORT IN BTW AROUND 4400-4500
STOPLOSS WILL UPDATE LATER

TODAY AGAIN NIFTY SPOT ATTEMP MADE TO CLOSE ABOVE 5570 FAILED

NOW ONCE 5580 GONE ON NIFTY FUT JUST SAY BYE BYE

NOW SHORT NIFTY FUT BELOW 5580 SL 5610 TGT 5550-5540 / 5520-5510 / 5485-5465

NOW SHORT NIFTY FUT BELOW 5580 SL 5610 TGT 5550-5540 / 5520-5510 / 5485-5465
PREV SHORT NIFTY FUT GIVEN AT 11:12 AM DID NOT BREAK 5550 AND REBOUNDED FROM 5551.50

INTRADAY SHORT NIFTY FUT BELOW 5550 - STOPLOSS 5580 - TGT 5520-5510 / 5485-5465

BOOK FULL PROFIT IN NIFTY FUT CMP 5555 - EXIT REMAINING 30% OF LONG ALSO

INTRADAY NIFTY DID TGT 1 "5525" AND TGT2 "5550" ENJOY - TILL NOW 5500>>>5564 - BOOK ATLEST 70% OF LONG CMP 5555

INTRADAY NIFTY DID TGT 1 "5525" AND TGT2 "5550" ENJOY
TILL NOW 5500>>>5564 - BOOK ATLEST 70% OF LONG CMP 5555
AND REVISE SL TO TO TGT 1 I.E 5525 FOR REMIANING 30%
STILL UR VIEWS REMAIN THE SAME DO NOT CARRY LONG POSITION
TILL NIFTY SPOT GIVE CLOSING BELOW 5570
ON ON CLOSE ABOVE 5570 TREND WILL BECOME BULLISH
AND BOOSTING MAY COME ON ONCE NIFTY SPOT CLOSE AND BREAK 5640
TILL THEN TGT 3 / 4 INTACT