NIFTY VIEW FOR 30.12.2011

Nifty expiry was eventful at 4650 and painful for the bulls with call options loosing premiums from 3 days before expiry like 4900ce,4800ce,4700ce(all lost money) and 4600ce(loosing most,surprise of the pack).Trading options without proper analysis can be dangerous to your financial health.Yesterday 4700pe option buy call was generated for clients at 31.45 with stop loss of 30.55 with targets of 33.35-34.85-36.30-37.85-39.40-41.00-42.60-44.25.Our clients enjoyed the call with stop loss hit within minutes.But as our levels are valid for the day multiples trades are generated in a day.This option of 4700 pe was our best trade for the day after Nifty Future.Second entry at same level gave a target of 39.40 within 15 minutes for our clients.Multiple trades were generated giving huge profits to clients between 31 and 41 and at close a target of 55 was achieved.Our Nifty Future sell call was triggered at 4687 and target of 4636 was nearly achieved achieved.Now what next.We closed the series at lower end of the range which does auger well for Jan series.Yesterday I had given first target of 4638 below the indecisive zone in my analysis and it was achieved.Please look in yesterday chart for the same .For positional traders call was given to short below 4693 and first target of 4638.33.Hope positional traders who followed it would have benefited from it.Now on the downside 4600 level is to be watched below which we are susceptible to 4555-4530 levels.On the upside 4693 and 4728 are the levels to be watched by positional traders.Unless 4728 is crossed convincingly the trend is down.Positional players may take positions as per this view at their discretion.Intraday players can look for the levels given below for spot nifty to trade on 30.12.2011.Traders who are in loss and would like to recover their money can look seriously for our services.Traders who like to trade on their own can look for gaining proper trading knowledge through the various courses designed by me for serious profits in markets.

Spot Nifty levels for intra-day trade on 30.12.2011
No trade between 4629 and 4663(to avoid whipsaws)
Buy above 4663 with SL of 4643  
for targets of 4680-4697(breakout  level on the upside,add positions) -4714-4731-4748-4765-4782-4799.
Sell below 4629 with SL of 4649 
for targets of 4612-4595(breakdown level on downside, add positions)-4578 -4561 -4544 -4527- 4510- 4493.
Happy Trading !