PERFORMANCE-27 JULY

CALL GIVEN IS AS FOLLOWS:

BUY ABOVE 4593 STOP LOSS 4570 TGT 4608/4639/4689

SELL BELOW 4570 STOP LOSS 4593 TGT 4558/4546/4538.



First bought NF at 4593 first tgt achieved. Profit + 15 pts.

Sold NF at 4570, all tgts achieved. Profit + 32 pts.
Total Gain today-15+32= 47 points.

NIFTY OUTLOOK

MONTHLY CHARTS
The monthly charts has resistance at 4675 and support at 4095. A closure above 4675 signifies the time has come to just buy and go to sleep. Nifty will shoot to 5249.

WEEKLY CHARTS
The weekly charts has resistance at 4703 and support at 4564. A closure above 4703 will take Nifty to 4842/4928/4997

DAILY CHARTS
The daily charts has shown a breakout at 4555. Nifty closed on Friday above this level. The target for this upmove is 4690. Above 4710 then sky is the limit. Support is at 4402.

PERFORMANCE -24 TH JULY

BUY NIFTY FUTURE AROUND 4515/4508 STOP LOSS 4485 TGT 4535/55/79

NIFTY FUTURE MADE 4588.50 AND LOW OF 4507.

RESULT- ALL TARGETS ACHIEVED- TOTAL 71 POINTS PROFIT

NIFTY INTRADAY TRADING CALL -27 JULY

NIFTY FUTURE
BUY ABOVE 4593 STOP LOSS 4570 TGT 4608/4639/4689

SELL BELOW 4570 STOP LOSS 4593 TGT 4558/4546/4538.

NIFTY FUTURE TRADING LEVELS FOR 20TH JUNE

NIFTY MEDIUM TERM OUTLOOK

Nifty will now try to fill the gap it created on the day election results was announced. The strategy will be to sell nifty future. The stop will be placed at 4155 and the projected target is 3797 and 3730. It will be prudent to book profits here as 3700/30 are very important FIB levels. If Nifty takes support here one can go long with a stop just below 3700. However if Nifty breaks 3700 on a closing basis then I will not be surprised if we visit the lows we made in March.