Both Nifty & Sensex have become very strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 4376 & 15083 . There are chances that Nifty may move 190 - 191 points up & Sensex may move 534 - 535 points up. There are chances of a weekly swing of around 275 points & 765 points in Nifty & Sensex respectively.

If the markets sustain above 4559 & 15585 levels, then they will try to touch 4654 & 15853 levels.

On the other hand, market has a weak support at 4281 & 14816 because the markets may further fall down to 4098 & 14314 levels from this point due to panic selling & profit booking which can act as a strong support.

Intraday Market Technicals for 07th September

Both Nifty & Sensex have become strong at these levels. There are chances that Nifty may open 23 - 24 points down & Sensex may open 81 - 82 points down from where it will try touch 4545 & 15719. There are chances of an intraday swing of around 150 points & 575 points in Nifty & Sensex respectively.

If the markets sustain above 4545 & 15719 levels, then they will try to touch 4572 & 15822 levels.

On the other hand, market has a weak support at 4468 & 15431 because the markets may further fall down to 4418 & 15247 levels from this point due to panic selling & profit booking which can act as a strong support.

US Markets Technicals

Both Dow & Nasdaq have become a bit strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 13283 & 2566 . There are chances that Dow may move 377 - 378 points up & Nasdaq may move 72 - 73 points up. There are chances of a weekly swing of around 450 points & 100 points in Dow & Nasdaq respectively.

If the markets sustain above 13546 & 2632 levels, then they will try to touch 13735 & 2669 levels.

On the other hand, market has a weak support at 13094 & 2530 because the markets may further fall down to 12831 & 2464 levels from this point due to panic selling & profit booking which can act as a strong support.

US Markets Calls

Buy Agrium Inc. at current levels with a medium-term target of 56.70 & with a stoploss/ average below 42.94.

Derivatives Calls

Buy Nifty Futures at current levels with a target of 4643.50 & with a stoploss/ average below 4322.00.

Buy Tata Motors Futures with a target of 739.65 & with a stoploss/ average below 698.80.

Long Term Delivery Calls

Buy Ambuja Cements at current levels with a target of 195.65.

Buy Amtek Auto at current levels with a target of 616.20.

Medium Term Delivery Calls

Buy MIC Electronics with a medium-term target of 584.55 & with a stoploss/ average below 361.65.

Short Term Delivery Calls

Buy HDFC with a short-term target of 2238.35 & with a stoploss/ average below 2047.40.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.