Nifty Futures for 25 th Aug to 30 Aug 2008 : SG

Nifty futures may open gap up around 4390-4400 on monday because of strong US markets. We are entering in the Expiry week ,So Some Volatility is expected.

The Nifty has a resistance 4400>>4465>>4515 .The suports are at 4330>>4310 and Finally 4250.
This being Expiry week and we are opening Gap up and directly near resistance of 4400 . One should be cautious at higher levels.

Buy on DIPS only can be the strategy.
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Nifty futures for the Week 11 to 14 th Aug -- SG

This is the truncketed week because of holiday on account of Independance day ..Nifty futures may open gap up around 4600 on monday because of strong US markets.

The Nifty has a resistance around 4630 >>4656>>4695>>4720.
The suports are at 4590>>4565 >>4515 and then 4470 >>4440

Be careful as this is Truncketed week . (Small week - Big Week End)

Unitech going towards 220 ? --SG

Inverse Head and Shoulder is visible in Unitech. This is a bullish signal.

If Unitech is able to trade above 176-77 for a day or two , it can see the targets of 210-220 range.

Trade(Swing):
Buy Unitech if it trades above 177 with Stop loss of 170 , for a swing target of 210 to 220

Nifty Futures -August tgt 4700>>4900

Nifty future is looking good on the charts. If it manages to trade above 4535 for a day or two, we could safely say we can see 4900 in August.

With Crude cooling down and World markets stabilizing, there is a high probability of Nifty future moving up and going toward 4900. There is a rest at 4700, if NF is able to cross this rest it can show next targets of 4880-4920.

On the down side there is a good support at 4110 to 4070.One can buy at dips with suitable stoploss.

I will try to post some Options Strategy at dips, so that the risk is reduced much and one can gain for bigger targets.