1st OCTOBER NIFTY VIEW

After a lackluster opening, Nifty Future remained weak for better part of the day and made a low of 5963 (Oct Future 5985), but in the last hour it made a sharp up move to make a high of 6035 (Oct Future 6047) making it obvious that the up move was a result of FNO settlement. As such, today was a quarterly close which has happened on a bullish note.

Considering that we got an up move only in the last hour, the same remains suspect whether it will continue for tomorrow. I would advise going short at higher levels with a strict stop loss of 6070 or better still 6100. On lower side, it will find support at 5965 - 5949 and 5910. I would advise no long positions for tomorrow, as it will be better to confirm whether there is steam left and get a better view next week. Tomorrow being last day of the week, close below 6000 should indicate weakness ahead .

All the best.

Alert : SUZLON.

WATCH SUZLON ONE SIDE FALL From 55 level ... now trading @ 52.

more to come Don't BUY SUZLON ..... more fall on card .. ...today and next 10 days my targets : 49.5 - 47 - 45...my Ultimate target 32.

30Th SEPTEMBER NIFTY VIEW.

Though Nifty Future opened firm this morning, it could not sustain at higher (High of 6075) levels and maintained downward bias throughout the day and by the end of the day broke yesterday's low (Day's low 5990) and closed at 6000 - exactly on the trend line shown on the chart.

Tomorrow one can consider going short below 5990 with stop loss of 6040. Once the trend line is broken, market may see sharp down side and find support at 5940 and 5910.

One should consider trades only above 6045 with stop loss of 6025. On Higher side it will find resistance at 6070 and 6100.

Tomorrow should be an eventful day considering that we have FNO settlement on one side and on the other hand anxiety of Ayodhya Verdict after the market closes. While may the best win between the push and pull of the above events, the traders may find it difficult to be on the right side of the market.

All the best.

BUY HPCL

BUY HPCL OCT FUT @ 520 SL 510 TARGET 536-548

BUY HPCL 520 CA @ 5 SL 2.5 TARGET 10 -15-20(RISKY)

BUY SEP 6000 PE @ above 25

BUY NIFTY 6000 PE ABOVE 25 level( it means if todays low of nifty fut 5990 area) sl 10 target 40-50-80

29th SEPTEMBER NIFTY VIEW

Though Nifty Future opened steady, it could not sustain at higher (6065) levels and came down to make a low of 6003, which is .618 level and also close to the trend line shown on the EOD chart. In the 2nd half, Nifty Future made a smart up move to close at 6050. Considering the EOD candle, it looks as if Nifty Future should continue its upward march.

Tomorrow, one can consider buying Nifty Future once it trades above 6070 with stop loss of 6045. On the higher side, it will find resistance at 6095 - 6115 and major resistance at 6170.

One needs to keep a watch on Reliance tomorrow, as it has done double bottom today and if it trades above 1015, it can help sustain Nifty Future's upward march - particularly in light of FNO settlement on Thursday.

All the best.

ALERT : MLL

MLL MAKING HIGHS ....

54 TO 58 WITHIN 1 WEEK .... LOT SIZE 4000.

MORE TO COME ... 62 MY TARGET.