30/12/2011 Trading Views

Nifty made a high of 4701 low of 4639 and closed at 4646 which is 59 points down from previous close.

Nifty closed exactly near the support of 4640.

We can consider buying Nifty around 4620-4640 by keeping 4590 as stop loss for the target of 4720 , 4770 , 4820 and further.

29/12/2011 Trading Views

Nifty made a high of 4756 low of 4685 and closed at 4705 which is 44 points down from previous close.

Nifty in the second half tried to go above 4720 but it could not sustain and it came down.

For today Nifty can be shorted in between 4700-4720 by keeping 4735 as stop loss for the target of 4650.

28/12/2011 Trading Views

Nifty made a high of 4800 low of 4723 and closed at 4750 which is 28 points down from previous close.

Nifty is finding resistance in the area of 4800-4820 , volume also got dried for the past 2 days.
Bullish trend will continue only on breaking of 4820.

on breaking of 4700 Nifty can test 4640 again.

Nifty can be shorted around 4770 by keeping 4823 as stop loss for the target of 4710 and 4650.

27/12/2011 Trading View

Nifty made a low of 4718 high of 4787 and closed at 4779 which is 65 points up from previous close.

Nifty crossed the resistance of 4770 now the next resistance is at 4820 on crossing this firmly Nifty will be reaching 4900.

Nifty can be bought above 4770 by keeping 4745 as stop loss for the target of 4820 and 4900.

Those who bought as per previous post can book 75% of profit at 4800-4820 and can revise their stop loss to 4750 and when Nifty crosses 4820 can revise their stop loss to 4770.

26/12/2011 Trading Views

Nifty made a high of 4763 low of 4693 and closed at 4714 which is 19 points down from previous close.

Nifty gave up its gain from 4763 and went below 4700 however it managed to close above 4710 shows that bulls are intact.

For Monday one can consider buying above 4710 by keeping 4680 as stop loss for the target of 4770 , 4820 and further.

23/12/2011 Trading Views

Nifty made a low of 4632 high of 4740 and closed at 4733 which is 40 points up from previous close.

Nifty will find support at 4700 and 4670 until holding of this level will provide strength to Nifty and it will move toward 4770 and 4820.

Every dip up to 4640 can be used for buying by keeping 4600 as stop loss for the target of 4770 , 4820 and further.

Those who bought as per yesterdays post can revise their stop loss to 4690 and can hold for 4820 and further.

22/12/2011 Trading Views

Nifty made a low of 4601 high of 4707 and closed at 4693 which is 148 points up from previous close.

Nifty made a gap up open and maintained above 4600 through out the day.


Nifty will be showing bullish momentum until holding of 4650 for the day , so if it comes around 4650 it can be bought with stop loss of 4620 for the target of 4770 and 4820 .

Nifty on crossing 4710 it will reach 4770 and 4820.

20/12/2011 Trading Views

Nifty made a high of 4637 low of 4531 and closed at 4544 which is 68 points down from previous close.

Nifty is making new low day by day its not able to sustain in the higher side .

Nifty has violated forming of star pattern so the reversal is kept on hold.

Hope 4500-4530 should provide support on breaking of this will Nifty will fall to 4360.

4640 and 4700 will act as resistance. The trend will change only above 4700.

20/12/2011 Trading Views

Nifty made a low of 4555 high of 4623 and closed at 4613 which is 26 points down from previous close.

Nifty opened gap down and went up to 4555 at lower level buyers came into action to form a long lower shadow.

After a decline or long black candlestick, a doji indicates that selling pressure may be diminishing and the downtrend could be nearing an end. Even though the bears are starting to lose control of the decline, further strength is required to confirm any reversal. Bullish confirmation could come from a gap up, long white candlestick or advance above the long black candlestick's open. After a long black candlestick and doji, traders should be on the alert for a potential morning doji star.

On crossing 4630 of Nifty will find resistance at 4675 , 4730 and 4770.

support comes at 4590 and 4555.

19/12/2011 Trading Views

Nifty made a high of 4818 low of 4628 and closed at 4651 which is 94 points down from previous close.

Nifty made a large sell in the second half and went below the yearly low.

Nifty's PCR ratio is 0.93 which suggest that large unwinding happened in puts and positions got build up in calls.

On breaking of 4600 it can further go to 4530.

4674 will be the resistance on breaking it can rally towards 4730 and 4770.

until holding of 4600 a pullback rally is expected up to 4750.

16/12/2011 Trading View

Nifty made a low of 4673 high of 4768 and closed at 4746 which is 16 points down from previous close.

As Today is the RBI policy meet the movement will be based on the announcement only.

If there is further increase in rate then below 4640 we can see 4400-4450 in the coming sessions.

If there is hold / decrease in rate then we can see the Nifty towards 5000 and 5100 and further.

4640 is the support and 4840 and 4920 are the resistance.

By the RBI announcement one can take the decision for going long / short.

15/12/2011 Trading View

Nifty made a high of 4839 low of 4750 and closed at 4763 which is down by 37 points.

Nifty was not able to cross the resistance of 4840 .

As one day is remaining for RBI Policy meet there can be a move of expectations so bank stocks can give a positive move of expectation.

If Nifty comes down in the range of 4700-4730 it can be consider for buying with stop loss of 4690 for the target of 4780 , 4835 and 4890.

14/12/2011 Trading Views

Nifty made a low of 4728 high of 4824 and closed at 4800 which is 36 points up from previous close.

Nifty is not able to sustain below 4755 which is showing strength for time being and it recovered well from there.

Now Nifty's next move will be towards 4840 and 4890 .

Those who bought Nifty as per yesterday's post can book partial profit at 4840 and move the stop loss to 4755 if nifty crosses 4840 then move the stop loss to 4820,

For today if Nifty comes to 4780 it can be bought with stop loss of 4750 for the target of 4840 and 4890

All levels are based on spot.

13/12/2011 Trading View

Nifty made a high of 4910 low of 4755 and closed at 4764 which is 102 points down from previous close.

Nifty was holding the support of 4840 but on the announcement of weak IIP data it broke the support and reached the next support of 4755.

Further supports are 4755 , 4690 , 4630
Resistance are 4840 , 4920 , 4970

Nifty has to find support at 4755 .

if not and Nifty comes to 4700 - 4730 we can consider buying with stop loss of 4690 for the target of 4840 , 4860 and 4920.

or if Nifty trades above 4820 it can be bought with stop loss of 4730 for the target of 4860 , 4900.

As this week is full of Data week more volatility and whipsaw will be there so be cautious and trade with strict stop losses.

12/12/2011 Trading Views

Last week Nifty moved in the zone between 4841-5100 , Nifty has retraced at 61.8 % (5100) of last fall. 4840-4800 will be providing support and 4920 and 4970 will be the resistance.

We can expect whipsaw moves daily in this week as daily some data's are getting announced in this week ( IIP Number , Inflation Number , RBI's monetary reviews in India and FOMC meeting in US ) so trade cautiously with strict stop losses.

For Monday those who bought at 4860 as per previous post can hold with the stop loss of 4830 for the target of 4920 and 4970.

All levels are based on Spot.

09/12/2011 Trading Views

Nifty made a high of 5049 low of 4921 and closed at 4943 which is 118
points down from previous close.

As per our expectation Nifty came to 4921 and when this level is
broken the next target will be 4870.

For today if Nifty comes to 5000 one can consider shorting by keeping
5025 as stop loss for the target of 4920 and 4860. or

one can short Nifty below 4920 with stop loss of 4950 for the target of 4870


When Nifty reaches 4870-4860 we can go for long by keeping 30 points stop loss.

08/12/2011 Trading Views

Nifty made a high of 5099 low of 5032 and closed at 5062 which is 23 points up from previous close.

Nifty was not able to go above 5100 and it gave back all the gains . The day candle formed a shooting star pattern which is a bearish reversal pattern this will get confirmed if today's close come below 4990 .

By considering this one can short Nifty between 5080-5100 with stop loss of 5120 for the target of 4920 and 4860 where the previous gap will get filled.

Short HINDALCO in between 138-142 with stop loss of 144 for the target of 131 and 126

07/12/2011 Trading Views

Nifty made a high of 5055 low of 5002 and closed at 5039 which is 11 points down from previous close.

Nifty made a inside bar candle which shows indecisiveness of further move.

But this leg has to complete the 5110 we can consider buying Nifty in between 5000-5020 with stop loss of 4990 for the target of 5110.

05/12/2011 Trading Views

Nifty made 7.2% up move in this week which is the best move in this year. But still volumes are not convincing.

Now Nifty is trading above the 5000 psychological level.
Until Nifty holding 5020 the up move will continue on closing below 5020 will take the Nifty towards 4920-4860 the gap which has to be filled before crossing 5350.

The zone between 5110-5170 is the supply zone . Nifty will find difficult to cross this zone.

For Monday if Nifty comes to 5020 one can initiate buy with stop loss of 4990 for the target of 5110 and 5170.


Buy Axis bank in between 997-1105 with stop loss of 990 for the target of 1045

All prices are based on spot

02/12/2011 Trading Views

Nifty gap opened and made a high of 5011 low of 4916 and closed at 4936 which is 104 points up from the previous close.

Nifty made high during the opening and it slowly gave up part of its gain and closed near by the low. This shows the absent of bullishness.

For today Nifty will find support 4866 and will go back up to 4900.

On breaking 4860 firmly it will go to 4770.

One can consider shorting Nifty of Rise by keeping 5020 as stop loss for the target of 4870 and 4770.

All the levels are based on spot Nifty.

01/12/2011 Trading Views

Nifty made a low of 4754 high of 4851 and closed at 4832 which is 26 points high from previous close.

Nifty made a volatile move and got resisted near by 4860 and corrected to 4800 again it rebounded to close at 4832.

As FED has lowered the interest rate by 50BPS for swaps today Nifty is expected to give gap up opening where it will cross the first resistance of 4860 and it will be near by 4920 further it can reach 4990 and 5020.

Those who have long positions can square off half of their holding and can move the stops upwards don't take any fresh longs.

30/11/2011 Trading Views

Nifty for the day made a high of 4866 low of 4787 and closed at 4805 which is 46 points down from previous close.

Nifty is not able to cross the resistance of 4860 and it came down to below 4800 in the second half but some how it managed to close above 4800.

For today if Nifty comes to 4770 it can be bought with stop loss of 4750 for the target of 4860 , 4920 and 4990.

Or it can bought above 4870 with stop loss of 4830 for the target of 4920 , 4990.

All the levels are based on Spot Nifty.

29/11/2011 Trading Views

Nifty made a low of 4766 made high of 4859 and closed at 4851 which is 141 points up from previous close.
Nifty gave a good pullback move and opened above the resistance of 4760 now on crossing above 4860 will take the Nifty to 4920 and 4990.

One can consider buying Nifty above 4860 with stop loss of 4820 for the target of 4920 and 4990.

28/11/2011 Intraday Trading Ideas

Nifty is finding resistance at 4770 this level has to be crossed for further upside move On crossing this 4770 it can go up to 4860.

Nifty will find support at 4640 until this level holds on closing basis there is no need to panic.
on breaking this level Nifty will reach 4550.

One can consider buying Nifty around 4700 with stop loss of 4680 for the target of 4760 and 4850.

25/11/2011 Trading Views

Nifty made a low of 4639 high of 4770 and closed at 4756 which is 50 points down from previous close.

Nifty got support at yesterday's low of 4639 and gave a good pullback move .

Until this 4639 is holding further damage will be avoided.

Nifty went up to the exact resistance of 4770, the area between 4770-4860 is the resistance zone on crossing this which has to be crossed in the coming days. on crossing this nifty can move up to 4990.

Today also we can expect the continuation of yesterday's rally.

24/11/2011 Intraday Trading Ideas

Nifty made a high of 4779 low of 4640 and closed at 4706 which is 105 points down from previous close.

Nifty bounced from the low of 4640 to close at 4706 , Nifty went down below the double bottom of 4727.

Now this 4727 will act as resistance , the support comes at 4630 and 4550.

Avoid shorting at lower levels . Today F&O settlement also is there so it will be more volatile.

23/11/2011 Trading Views

Nifty made a high of 5854 low of 4782 and closed at 4812 which is 34 points up from previous close.

Today Nifty made some relief after 10 days of continuous fall it did not approached the previous day's low this gives some positive effect. As in this condition we can expect a pullback move for today.
Nifty is finding resistance at 4860 which should be cleared to make further up move .so once this area is cleared Nifty will move towards 4910 and 4990 .

So Nifty can be bought around 4800 with stop loss of 4760 for the target of 4860 , 4910 and 4990.

22/11/2011 Trading Views

Nifty made a high of 4873 low of 4764 and closed at 4778 which is 126 points down from previous close.

Nifty was not able to cross 4860 and fall from there.

Now the Nifty's double bottom is at 4722 if it fails to provide support the next support comes at 4680 ans 4550.

The resistance is placed at 4860.

21/11/2011 Trading Views

Nifty losses 5.1 % (263) points in this week this is the biggest loss in the past one year in percentage wise.

Nifty closes at 4905 for this week. Even though some minor pullback will be there this downward move will come to an end any where in between 4500-4700.

For Monday if Nifty goes above 4920 it can be bought with stop loss of 4880 for the target of 4990 , 5020 and 5070.
in other case if it goes below 4860 it will reach 4750.

18/11/2011 Trading Views

Nifty for the day made a high of 5036 low of 4919 and closed at 4934 which is 95 points down from previous close.

Nifty is falling freely with out any support. It has crossed the psychological level of 5000.
And it will test 4700 level once again .

As we said previously every rise can be utilized for shorting opportunity.

Now it will have support at 4911 breaking of this will take to 4860 and 4830 and the resistance come to 5000.

17/11/2011 Trading Views

Nifty made a high of 5065 low of 4989 and closed at 5030 which is 38 points down from previous close.

Nifty made a roller coaster ride in last one hour the way it bounced shows panic buying .

If for today also if the up move continues it can go to 5120 , 5160 and further. Or else if its not able to with hold 5000 level again we can see 4700 level.

50 DMA is 5060 Today's closing is below this level if it sustains below this for two more days then the downside is open.

16/11/2011 Trading Views

Nifty made a high of 5158 low of 5052 and closed at 5068 which is 79 points down from previous close.

Every rise up to 5160 can be used for shorting opportunity.

5010 will provide support for some times on breaking this Nifty will reach 4900 and further.

For some time Nifty is expected to consolidate.

15/11/2011 Trading Views

Nifty made a high of 5228 low of 5140 and closed at 5148 which is 20 points down from previous close.

Nifty opened gap went up to 5228 and slowly gave all its gain it crossed the support of 5170 and stopped at 5140.

5140 will be providing good support until its not broken we can expect a pullback which will take the nifty up to 5270.

on the other side if it broke 5140 then in can take the Nifty towards 5050 and further.

Traders can use the higher levels for shorting until 5400 is not broken the down side is open.
So every rise can be used for shorting.

14/11/2011 Trading Views

Nifty made a high of 5198 low of 5142 and closed at 5168 which is 52 points down from previous close.

Nifty has closed at the break out level of 5170 which gives a mixed trend.
Until its holding of 5140 we can expect a move up to 5280 , breaking of 5140 will take the Nifty to 5070 .

As the hourly indicators are in oversold we can expect a up move today so one can initiate a buy around 5170 with stop loss of 5130 fot the target of 5210 and 5280.

11/11/2011 Trading Views

Nifty made a high of 5317 low of 5211 and closed at 5221 which is 68 points down from previous close.

Nifty will now find resistance at 5250 and 5300 support comes at 5200 and 5170 once this 5170 is broken it will test 5050.

Shorting can be initiated in Nifty at 5270 with stop loss of 5310 for the target of 5205 , 5175 , 5100

09/11/2011 Trading Views

Nifty made a high of 5304 low of 5252 and closed at 5289 which is 5 points up from previous close.

Nifty is showing its weakness today if it goes below 5270 the it can test 5200 and breaking of 5170 will drag the Nifty towards 5050 .

Nifty is not able to cross 5400 and most of the heavy weight stocks came to the resistance zone thus weakness is getting intact.

So one can Buy 5100 Put option in between 25-33 and can hold till expiry.

08/11/2011 Trading Views

Nifty made a high of 5326 low of 5256 and closed at 5284 which is 18 points down from previous close.
Nifty finds strong support at 5200 , nifty can be bought at 5260 -5230 with stop loss of 5190 for the target of 5390.

04/11/2011 Trading Views

Nifty made a low of 5201 high of 5281 and closed at 5265 which is 7 points up from previous close.

Nifty finds support at 5200 for the second day and it rebounded well towards 5281 and it closed near the high .

Every dip up to 5170 can be utilized for buying opportunity with stop loss of 5150 for the target of 5400.

03/11/2011 Trading Views

Nifty made a low of 5204 high of 5300 and closed at 5258 which is flat from yesterday's close.

Nifty made a low of 5207 where it filled the gap of 5230 and rebounded well towards 5300 and at the end it gave back half of its gain

Every dip up to 5170 can be utilized for buying Nifty with stop loss of 5150 for the target of 5300 and 5400.

02/11/2011 Trading Views

Nifty made a high of 5310 low of 5238 and closed at 5257 which is 68 points down from previous close.

Nifty will find difficult to cross 5400 level.

As global cues are in weak condition Nifty will break 5230 and will find support at 5170 and for the day will be trading between 5170-5230.

01/11/2011 Trading Views

Nifty made a high of 5360 low of 5314 and closed at 5326 which is 34 points down from previous close.

Nifty will be making consolidating move for some more days and it has to fill the gap on down side upto 5230 .
Nifty can be shorted below 5350 with 5370 as stop loss for the target of 5230.

31/10/2011 Trading Views

Nifty made a high of 5399 low of 5322 and closed at 5360 which is 158 points up from previous close.

Nifty comes to the crucial resistance level of 5400 where the long term trendline resistance is and 200 dma is there , the trend will turns to bullish only if there is a firm close above 5450 and it has to maintain for a week or else the downfall will be sharper than the previous time.

As of now one can short Nifty at 5400-5420 with stop loss of 5460 for the target of 5330 and 5230.

or else one can short below 5330 with stop loss of 5360 for the target of 5230.

28/10/2011 Trading Views

Nifty has crossed the 5170 resistance but this is not that much convincing. The move remains a suspicious one. If in the same breathe it crosses 5400 then only the trend will change to bullish or else the bearishness will come back again.

Now the immediate resistance is 5230 if it crosses this zone then it will travel towards 5330 non stopping.

As the European & U.S markets are doing positively well our market is expected to gap up open and reach 5330.

If its not able to hold 5170 then we can see a major correction.

Happy Diwali

As each Diya shines brighter ........

May your home sparkle with joy and glow with warmth !!!

HAPPY DIWALI

25/10/2011 Trading Views

Nifty made a high of 5145 low of 5084 and closed at 5098 which is 48 points up from previous close.
Today is the crucial day for Nifty RBI monetary policy and FNO settlement day.

Nifty crossing of 5170 will depend on RBI's announcement if there is no further rate hike then Nifty will cross 5170 or else the bearishness will again come into picture.

In the first one hour if Nifty comes to 5050 it can be bought with stop loss of 5020 for the target of 5120.

If the RBI policy comes positive it can take the Nifty towards 5330 and further. or else it will go to 4900 and further.

24/10/2011 Trading Views

Nifty made a high of 5120 low of 5037 and closed at 5049 which is 41 points down from previous close.

Nifty is trading between 5000-5170 for the past 8 trading sessions.

Nifty will go above 5170 only if there is no further hike in the coming monetary policy.

But now we can expect a move up to 5160 with in the next two sessions. Until its holding the 50DMA the short term bullishness will be intact.

So one can consider buying Nifty in between 5020-5040 with stop loss of 4990 for the target of 5110 and 5170.

21/10/2011 Trading Views

Nifty made a low of 5033 high of 5099 and closed at 5091 which is 47 points down from previous close.

Nifty gave all the gains of yesterday and gave good bounce in the second half .
Lot of buying interest was seen in 5000 to 5200 call option this shows that Nifty will be going above 5170.

Nifty can be bought at 5060 with 5000 as stop loss for the target of 5170 , 5230 and 5330.

20/10/2011 Trading Views

Nifty made a low of 5080 high of 5148 and closed at 5139 which is 101 points up from previous close.

Nifty got good support at the 50 DMA , now 5060 will act as a good support this time it has to cross 5170 before this expiry and has to touch 5330.

So if Nifty comes down the opportunity can be used for buying for the target of 5330 and 5400.


Buy Tatasteel at 430-433 with stop loss of 425 for the target of 449

19/10/2011 Trading Views

Nifty made a high of 5057 low of 5011 and closed at 5037 which is 80 points down from previous close.

Nifty got support at the 50 dma , until its holding 4940 there is possibility for Nifty going above 5170 and to test 5330.

So if Nifty comes to 4940-4960 it can be bought with stop loss below 4900 for the target of 5150 and 5300.

17/10/2011 Trading Views

Nifty made a high of 5160 low of 5084 and closed at 5118 which is 14 points down from previous close.

Nifty is moving with in the support and resistance zone of 5060-5170 until its not breaking any of this level it will be moving with in this range only.

so if Nifty goes to 5160-5170 one can short with stop loss of 5200 for the target of 5070 and 5010.

In other side if Nifty comes to 5060-5070 one can buy with stop loss of 5030 for the target of 5160.

Breaking of 5170 will take the Nifty towards 5330 and in the down side breaking of 5060 can take to 5000 and 4950.

Traders Trade with strict stop loss.

17/10/2011 Trading Views

Nifty made a good come back in this week and now it comes to the crucial zone if 5170 which was not able to cross for the past two times but this time it will be crossing it and it will touch 5330 and 5400 on or before this months expiry.

But before crossing its expected to consolidate for 2 or 3 days , so at first attempt it can be shorted at 5160-5170 with stop loss of 5200 for the target of 5110 and 5070.

And when its crossing one can go long in between 5200 to 5230 with stop loss of 5160 for the target of 5330 and 5400.

Don't be shorted above 5170

14/10/2011 Trading Views

Nifty made a high of 5136 low of 5069 and closed at 5077 which is 21 points down from previous close.

Nifty made a high of 5136 and failed to move above that in the second attempt also and came down to 5069.
The area between 5135-5170 is fully resistance zone.

For today Nifty can be shorted at 5136 with stop loss of 5175 for the target of 5070 and 5000.

Above 5175 don't be remain shorted.

13/10/2011 Trading Views

Nifty for the day made a low of 4997 high of 5109 and closed at 5099 which is 125 points high from previous close.

Nifty made a good run and passed the 50 dma of 5045 which is positive sign for the market for time being .

Now Nifty has come to the crucial level of 5170 which was made as double top previously.
5060 will act as a good support.

So if Nifty come near by 5060 it can be bought with stop loss of 5030 for the target of 5118 and 5160.

11/10/2011 Trading Views

Nifty for the day made a high of 5045 low of 4964 and closed at 4974 which is 5 points down from previous close.

After the two days big move Nifty gave up today's gain and closed nominally.
As the 50 DMA(5050) will act as a good resistance for the Nifty it will be difficult for it to cross.

Today two important things to be watched INFY's quarterly result and IIP data.

If any positive from any of this can take Nifty above 5050 but the probability is less.

So one can short Nifty between 5000-5030 with stop loss of 5050 for the target of 4922,4870 and 4830 .

10/10/2011 Trading Views

Nifty for the day made a high of 4922 low of 4861 and closed at 4888
which is 136 points up from previous close.

Nifty closed the Gap between 4922-4878 , now when Nifty crosses 4924
it can test 5026 and in the down side it will find support at 4827.

One can consider shorting Nifty between 4900-4922 with stop loss of
4935 for the target of 4830.


Short TATAMOTOR at 159 - 161 with stop loss of 163.5 for the target of 152

07/10/2011 Trading Views

Nifty for the day made a high of 4827 low of 4741 and closed at 4751 which is 20 points down from previous close.

The good thing on today's trade is it did not go below previous days's low of 4728.

As some of the indicators are showing positive divergence a pull back is expected from here.

Nifty will find support between 4680-4720 a minor pull back will be there from here which will take the Nifty towards 4824 , 4877 and 4906.

05/10/2011 Trading Views

Nifty for the day made a high of 4869 low of 4728 and closed at 4772
which is 77 points low from previous close.

Nifty came near by the previous low of 4720 and got support.

Now Nifty will find resistance at 4822 and 4868. Once the 4720 is broken it can take the Nifty to 4540 the probability is more for this to happen.

Any rise can be utilized for shorting.

04/10/2011 Trading Views

Nifty made a high of 4879 low of 4823 and closed at 4849 which is 93 points down from the previous close.

Still the gap remains but the thing is 10 points has reduced now the gap is between 4878 and 4905.This area will act as a good resistance.

Every rise of Nifty can be utilized for shorting. Now the next target for Nifty will be 4760 and 4720.

Short ICICIBANK 852 stop loss 862 target 830 , 812

03/10/2011 Trading Views

Nifty made a high of 5025 low of 4924 and closed at 4943 which is 72 points down from previous close.

Nifty is roaming with in the range of 4905-5030 only on break on any of this will change the condition.

On break of 4905 will take Nifty to 4868 and 4800 on break of 5030 can take the Nifty to 5110 and 5168.

Short term trend : Range bound
Medium term trend : Bearish.

30/09/2011 Trading Views

Nifty made a low of 4906 high of 5034 and closed at 5015 which is 69 points up from previous close.

Nifty got the support and gradually it started rising crossed the psychological mark 5000 and went up to the resistance of 5034 and closed near the high.

For today if the Nifty crosses 5030 then it can reach 5110. So one can consider buying Nifty from 4990-5015 with stop loss of 4970 for the target of 5100.

29/09/2011 Trading View

Nifty made a high of 5006 low of 4918 and closed at 4945 which is 25 points down from the previous close.

Nifty opened above 5000 level but could not sustain above that gradually came down.

Nifty's range comes with in 4905-5030 break on either side will take Nifty towards that side.

Break of 4905 can take Nifty to 4868 and break of 5030 can take towards 5110.
As today is FNO settlement more volatility will be there so trade with strict stop loss.


Buy AshokLeyland at 26.2 with stop loss of 25.5 for the target of 28

28/09/2011 Trading View

Nifty made a low of 4905 high of 4982 and closed at 4971 which is 135 points up from previous close.

Nifty made a gap up open it made a gap between 4868 and 4905 now this will act as a support.

In upper side 5030 will act as a resistance on a strong closing above this can take the Nifty towards 5110.

Until its holding 4868 bulls will be intact.

27/09/2011 Trading View

Nifty made a high of 4879 from there it loosed it ground to make a low of 4758 from there it gave a good pullback move to lose at 4835 which is 32 points down from previous close.

Nifty gave a good pullback move but when it came down in the last 40 mins is not convincing for bulls.

This pullback move can take the Nifty near by 4930 and in downside 4820 will act as a support until 4820 is not broken on closing basis bulls will be intact .

26/09/2011 Trading Views

Nifty for the day made a high of 4930 low of 4829 and closed for the day at 4867 which is 55 points down from previous close.

Nifty made double top at 5170 and broke 4930 this gives the price target for the Nifty to 4690.

If Nifty comes to 4900 level it can be shorted with stop loss of 4940 for the target of 4800 and 4700.

23/09/2011 Trading Views

Nifty for the day made a high of 5059 from there it came down to make a low of 4907 and closed at 4923 which is 209 points down from previous close.

Nifty will face resistance at 4967 and 5000. 4900 will act as a support once it goes below on closing basis then there will be more fall it will reach 4700 in short time.

Be cautious below 4900 Nifty will get tumbled.

22/09/2011 Trading Views

Nifty for the day made a high of 5168 low of 5109 and closed at 5133 which is 7 points down from previous close.

Nifty will be facing resistance between 5170-5230 on clearing this it will take Nifty towards 5330. Support comes at 5110 and 5070.

As FOMC meeting takes place today the move will be based on the statement only.


Sell JPASSOCIATE at 75 with stop loss of 76 for the target of 72

21/09/2011 Trading Views

Nifty for the day made a low of 5035 it never turned back it made a high of 5149 and closed at 5140 near the high which is 108 points up from the previous close.

Nifty will now face resistance between 5170-5230 which is the crucial level this make or break will be decided by FOMC statement which is scheduled tomorrow until that there is less possibility of breaking 5200 level.

Now the immediate support comes at 5110 and 5070.

20/09/2011 Trading Views

Nifty for the day made a high of 5068 low of 5019 and closed at 5031 which is 52 points down from previous close.

Nifty will find support at 5000 so one can initiate buying Nifty above 5000 with stop loss of 4980 for the target of 5090 , 5120 and 5160

BUY DLF between 200-203 with stop loss of 197 for the target of 211 and 220

19/09/2011 Trading Views

Nifty for the day made a high of 5143 and low of 5068 and closed at 5084 which is 8 points up from the previous close.

Nifty is Trading between the range of 4911 and 5170 the next move will be made only on breach of these levels.

The area between 5150 - 5200 will act as a hurdle for Nifty to clear if it crosses 5200 it can go up to 5330 but the possibilities are less.

In down side 5000 and 4900 will act as a good support on breaking this it will take Nifty towards 5720.

Short term trend : Mixed
Medium term Trend : Bearish

Short BHEL at 1688-1695 with stop loss of 1705 for the target of 1660

15/09/2011 Trading Views

Nifty for the day made a low of 4917 from there it started its upward journey to make a high of 5026 and closed at 5012 which is 72 points up from previous day.

Nifty will be facing resistance at 5040 , 5070 and 5110 , 4900 provides good support the next comes at 4840 .

As monetary policy announcement will give more volatility trade with strict stop losses. Once it goes below 4900 the fall will be drastic.

As i will be travelling tomorrow i will not be able to post tomorrow that's 16/09/2011's Trading View

14/09/2011 Trading Views

Nifty made a gap up open to make a high of 5030 it could not sustain there and made a low of 4911 and closed at 4940 which is 5 points down from previous close.

Nifty is not able to move any decisive move on either side it will make the decisive move only after the RBI policy announcement.

Still that the upper side 5200 is open and in down side 4900 and 4840 will provide good support.

As of now one can consider going long around 4915-4930 by keeping 4885 as stop loss for the target of 4995 , 5030 and 5070

13/09/2011 Trading views

Nifty made a gap down open and made a high of 4985 low of 4911 and closed for the day at 4946.8 which is 112 points down from previous closing.

A Pull back move is expected today.

As 4900 will be holding for time being one can consider buying Nifty above 4900 and keep stop loss at 4885 for the target of 4994 , 5070 and 5110.

12/09/2011 Trading Views

Nifty for the day made a high of 5163.75 from there the profit booking
started and came down to make a low of 5046 and closed at 5059 which
is 93 points down from previous close.

It formed a bearish engulfying pattern which sets the bearish tone of
the market but its needs a continuation to confirm it 5035 , 5000  and
4950 will be the support. if it breaks the 4950 then we can see 4700
level soon.

5110 will be the resistance.

As this week we are having the monetary poilcy announcement this will
decide the markets tone.


Short ABAN between 400-405 with stop loss of 412 for the target of 380

Short CAIRN 287-290 with stop loss of 295 for the target of 272

Short IDFC at 114-117 with stop loss of 120 for the target of 108

09/09/2011 Trading views

09/09/2011 Trading views

Nifty opened firm and came down to make a low of 5098 from there it started raising in the second half to make a high of 5169 and closed for the day at 5153 which is 28 points down from the previous close.


Nifty has reached the selling zone 5170-5200.So one can consider shorting Nifty at this level by keeping 5240 as stop loss for the target of 5105 , 5075 and 5035.


Short DLF between 207-210 with stop loss of 212 for the target of 200 and 194
Short VARUN between 275-278 with stop loss of 282 for the target of 268 and 262

08/09/2011 Trading views

Nifty made a low of 5076.3 and high of 5154.5 and closed at 5123which is 59 points up from previous close.


Nifty will face resistance between 5177 to 5230 if it crosses it can go upto 5330. Nifty will have support at 5110 and 5070.

Nifty will be making only range bound move between 4950-5230 for time being in the coming days , so go for stock specific.


Buy JETAIRWAYS between 295-303 with stop loss of 289 for the target of 321 and 330.
Buy PETRONETLNG between 172- 174 with stop loss of 168 for the target of 179 and 183

07/09/2011 Trading view

Nifty for the day made a low of 4942 from there it recoved well to make a high of 5072 and closed near by the high at 5064 which is 47 points up from the previous close.

Now Nifty is in resistance zone of 5070-5110.As Nifty will be making rangebound moves concentrating on stock specific will earn good returns.

4950 provides good support any dip near by this level can be used for buying opportunity by keeping 4930 as stoploss

The move which made today will make the bulls comfortable for the time being until 5177.



Buy CENTRALBANK at 99 with stop loss of 97 for the target of 104 and 108
Buy BGRENERGY between 328 - 330 with stop loss of 321 for the target of 350 and 360

06/09/2011 view of Nifty

Nifty for the day made a high of 5030 and low of 4964 and closed at 5017 which is 22 points down from previous close.

As there is Tug of war between bulls and bear nifty wont be moving much so can go for individual stocks.

Nifty will be facing resistance at 5070 and 5110 the support comes at 4950.


One can initiate short Nifty between 5060-5040 with stop loss of 5080 for the target of 4960.

05/09/2011 Trading Views

Nifty for the day made a high of 5113 low of 4993 and closed at 5040
which is 39 points up from the previous closing . The Nifty was not
able to go above 5070 again.

The range between 5070 and 5110 will be the selling zone beyond this
Nifty can go up to 5200.

one can initiate shorting nifty between 5090-5110 with stop loss of
5140 for the target of 5000 and 4950.

4950 will act as a support 4830 will be the main support.


The trend of the market is bearish.

02/09/2011 Trading Views

Nifty for the day made a high of 5016 and low of 4927 and closed at 5001 which is 81 points up from previous close.

Nifty will face resistance at 5073 and 5110 and 5200 the minor support is at 4930 and important support to watch is 4840.

Today's trend of the market is mixed. Medium term trend is bearish.

30/08/2011 Trading Views

Nifty made a good pull back move it opened at 4806 and never turned back it made a high of 4934 it closed near 4919 which is 171 points high from previous close.

This pull back can take the Nifty towards 5230 to 5330.

4850 will act as a good support

Levels for today
Support 4890 , 4870 , 4850 , 4821

Resistance 4950 , 4983 , 5000 , 5047

29/08/2011 Trading View

Nifty made a high of 4872 and low of 4720 and closed at 4747 which is 91 points down from the previous day's close.

As we said in our last week post that closing below 4800 will give more damage to Nifty , in this week if it closes above 4830 then the damage can be avoided for time being.

In the daily chart RSI is showing a positive divergence there is possibility for a pull back so if this goes above 4830 there will be a mild relief for time being then it can take the Nifty towards 5000. In the contrary side if the Nifty sustains below and not able to move above 4800 in this week then it can go up to 4600 and further.

24/08/2011 Trading Views

Nifty opened normally and made a high of 4962 and gave up slowly at last 20 minutes it broke the 4900 and made a low of 4875 and closed at 4888 which is 60 points down from the previous close.

As we discussed yesterday in our post about 4977 which was not able to cross this says that weakness is intact. Now crossing above 4915 will be difficult for Nifty.

As today is FNO settlement lot of volatality will be there.

one can consider shorting Nifty 4910-4890 with stop loss of 4932 for the target of 4816.



As tomorrow I will be travelling i wont post 26/08/2011 Trading views.

24/08/2011 Trading Views

Nifty for the day made a low of 4864 from there it made a 100 points move to make a high of 4965 and made closing near by the high at 4948 which is 50 points up from the previous close.
As there is a long lower shadow this shows the pullback move is still in momentum.

Now the resistance comes at 4977 and 5014 the support comes at 4932 and 4894.

Nifty breaking of 4977 can take it upto 5077. a closing above 4977 will add some more strength to the market.If its not able to cross 4977 then again the market will go to bear hand.


Buy Bhel in between 1740-1750 with stop loss of 1730 for the target of 1790.

23/8/2011 Trading Views

Nifty closed in positive after 13 trading sessions.But this is just a pull back move . Nifty for the day made a low of 4808 from there it started it's journey to make a high of 4910 and closed at 4898 which is 53 points up from previous close.


Nifty now will find support at 4870 and 4838 , the resistance comes at 4932 and th 5000 mark. Nifty is expected to hover arround 5000 till this expiry.

Buy LICHSGFIN at 206 with stop loss of 203 for the target of 216

22/08/2011 Trading Views

Nifty for the day gap down opened and made a high of 4893.6 and its
not able to sustain at that level and made a low of 4796.1 from there
it gave a good pull back and closed at 4845.65 which is 98 points down
from the previous close.

As Nifty is having strong support at 4786 a pull back is expected
which can take the Nifty towards 4932 and near by 5000.

So one can consider buying Nifty in between 4800-4820 with strict stop loss of 4786 for the target of 4925 and 4980. As this trade is a counter trend trade the stop loss should be maintained strictly.

One more thing we have to look is if the Nifty's weekly closing comes below 4800 the damage to the Nifty will be more severe than the past two week.

19/08/2011 Trading views

Nifty has broken the 5000 psychological mark and closed below it 4944.15 which is yearly low. Nifty made a high for the day at 5078.6 at the opening and it was not able to sustain at that level due to global cues and went below 5000 it was not able to cross upward again then it made a low of 4932.15 and closed at 4944 which is 115 points down from previous days close.


Now the Nifty will find resistance at 5000 and 5076 the support comes at 4786 which is the 61.8% Retracement of the previous up move.

Levels for today


Support 4909 , 4888 , 4870 , 4853

Resistance 4978 , 5000 , 5020 , 5034


Short Renuka at 58 with stop loss of 60.5 for the target of 51

18/08/2011 Trading Views

Nifty made a high of 5112 low of 5017 the low and closed at 5056.6 which is up by 20 points.
The low made by today is exactly the previous days low which made a tweezer bottom candle which is a bullish reversal candle.

By this formation one can consider buying Nifty around 5020-5040 with stop loss of 4990 for the target of 5110 and 5190.

17/08/2011 Trading Views

Nifty made a high of 5132 it was not able to hold the level slowly given up and made a low of 5015 and closed for the day at 5035.8 which is 37 points down from the previous close.

Nifty will find support at 5000 psychological level if it breaks this and closes below this level a huge sell off can be expected which will take the index towards 4900 and further.5120 is acting as a good resistance .

Short Chamblfert at 105 with stop loss of 108.5 for the target of 93

16/08/2011 Trading Views

Nifty Made a high of 5194 which was not able to cross for the past two
times and made a low of 5053 and closed at 5072 which is 65 points
down from the previous close.

Nifty is finding good support at 5050 level and resistance at 5200 .

When Nifty breaks 5050 it will take the index towards 4950 and 4900
and it can expect further downside and in upper side if it breaks 5200
it will take the nifty towards 5230 and 5330.
As the Nifty has given weekly closing below 5200 this doesn't seems
convincing which will lead to further downside in the market.

12/08/2011 Trading Views

Nifty for the day made a high of 5184.95 and low of 5121 and closed at 5138 which is 22 points low from the previous close .
For the past two days its moving with in this range only.
5190 will be the good resistance for Nifty beyond that it can try to go to 5230 and 5330. If the Nifty comes to these levels one can initiate short position.
The market is in weak phase only dont go for any investment decisions now.


Short IDEA at 95 with stop loss of 97 for the target of 88
Short JetAirways at 395-400 with stop loss of 413 for the target of 368 , 355

Levels For Today
Support 5143 , 5123 , 5094 , 5060
Resistance 5184 , 5200 , 5230 , 5266

11/08/2011 Trading Views

Nifty for the day made a high of 5197.75 low of 5123 and closed at 5159 which is 86 points up from the previous days close.

Nifty is finding difficult to go above 5200. This is just a pull back move only so as of now dont go for any investment decision.

This pull back move can take the Nifty upto 5230 and 5330. Nifty is finding support at 5120.


Levels for Today
Support 5143 , 5123 , 5094 , 5060
Resistance 5184 , 5200 , 5230 , 5266



Buy INFY at 2430 with stop loss of 2405 for the target of 2490 and 2525

10/08/2011 Trading View

10/08/2011 Trading Views
As have to wait for the FOMC announcement the posting got bit delayed.

Nifty opened below 5000 mark at 4946 for the day from there it
recovered well to make a high of 5167 and given back most of its gain
and closed for the day at 5072 which is 45 points down from previous
close.
The support for the Nifty comes at 4946 and 4900 the resistance
comes at 5230 and 5330. As the volatality in the market has increased
do the trade with strict stop loss.

Today the market is expected to give a mild pull back one can enter for long position above 5030 with strict stop loss of 4985 for the target of 5167 , 5233 and 5330 , this up move can end any where in between.

Short term : Pull back
Medium term : Bearish

09/08/2011 Trading Views

Nifty for the day made a high of 5204 low of 5054 and closed at 5123
which is 88 points down from the previous closing.

Nifty will be having resistance at 5235 and 5330 and it will find
support at 5050 and 5005. until its not going below there is possibilty for the Nifty to test 5230 and 5330.

Traders are asked to trade with strict stoplosses as the volatality is high.

08/08/2011 Trading Views

As US credit rating has downgraded the US Soverign debt to AA+ from AAA the market is expected to open gap down.

One can Short Nifty below 5170 with stop loss of 5235 for the target of 5032 and 4925.

Pls avoid buying at lower level because as of now we dont know where is the bottom.

08/08/2011 Trading Views

08/08/2011 Trading Views

Nifty for the day gap down opened by more than 100 points and made a high of 5229.65 which was not able to break again and it made a low of 5116.45 which is new low for the year.
and closed at 5211 which is 120 points down from the previous days close.

Nifty broke the previous low of 5175 which indicates the weakness of the market ,
Now 5330 will act as a strong resistance and in the down side when it is closing below 5200 it will take the index towards 5032 and 4900.

For monday market is expected to give a mild pullback


Buy Canarabank above between 425-430 with stoploss of 418 for the target of 450
Buy PETRONETLNG at 170 with stoploss of 167 for the target of 179

05/08/2011 Trading Views

As the global markets has tumbled more than 4% i am with drawing my
yesterdays post , pls dont follow yesterdays post that is 05/08/2011 Trading Views.

05/08/2011 Trading Views

Nifty made a high of 5434 and low of 5323.4 and closed at 5331.8 which is 73 points down from yesterday's close.

Nifty made the move as per our yesterdays post has achieved our target of 5333 , now its time to give cooling period for Nifty so its expected to give a pullback upto 5380 and 5430.

so one can buy Nifty around 5320-5330 with stop loss of 5290 for the target of 5380 and 5425.

Buy VARUN INDUSTRIES at 251 with stop loss of 245 for the target of 259 , 266
Buy Petronet at 168 with stop loss of 165 for the target of 174

04/08/2011 Trading views

Nifty for the day gap down opened at 5402 due to global cues and made a low of 5378 and high of 5422 and closed at 5404 which is 51 points down from previous close .

Nifty will face resistance between 5430-5455 so if Nifty comes to this level it can be shoted with stop loss of 5505 for the target of 5333.


Buy PUNJLLOYD at 66.5 with stoploss of 65 fot the target of 70

03/08/2011 Trading views

Nifty for the day made a high of 5496 and low of 5433 and closed at 5457 which is 57 points down from the previous close.

Nifty has broken the 5450 which shows the weakness of the market now when 5430 level is broken then it will take the Nifty towards 5333.
If Nifty gives any pullback move it can be used for shorting opportuinty.

Levels for today

Support 5442 , 5433 ,5418 , 5406

Resistance 5472 , 5481 , 5496 ,5520

02/08/2011 Trading Views

Nifty for the day made a high of 5551.9 and was not able to with stand the level and gradually made a low of 5486 from there it rebounded to close at 5516 which is 36 points positive from previous close.

Nifty will face resistance at 5555-5590 zone and it is having support at 5470. market will be range bound for some more days between 5450-5555.So trade on stock specific.

Short CIPLA at 311 with stoploss of 316 for the target of 295 and 287
Buy ABGSHIP 385-393 WITH stoploss of 379 for the target of 415

01/08/2011 Trading Views

Nifty made a high of 5520 and low of 5453 and closed at 5482 from the previous days close it down by 5.75 points points , for the past two trading sessions Nifty is consolidating.

Now the major level to watch for nifty is closing below 5470 will take the Nifty towards 5330. and in upper side 5555 to 5590 area will act as a resistance.

Short term trend : Range bound (5450-5555)
Medium term trend : Bearish


Short STER in between 159-162 with stop loss of 165 for the target of 154
Short BAJAJHIND at 69.5-68.5 with stop loss of 70.6 for the target of 65
Short PUNJLLOYD at 71 with stpo loss of 73 for the target of 66.5

29/07/2011 Trading Views

Nifty made a high of 5512.1 and low of 5475.65 and closed at 5487.75 which was down by 59 points from the previous close.

Now Nifty is having resistance at 5521 and 5560 and it will find support at 5440 further it can take nifty towards 5330.
So every rise in Nifty can be used for shorting with 5570 as stop loss .

Short SAIL inbetween 130- 127 with stoploss of 132 for the target of 122 , 114

28/07/2011 Trading Views

Nifty for the day made a high of 5591 and a low of 5521 closed at 5546 which is 28 points down from previous close.

Nifty has broken the channel support so now Nity can be shorted 5545-5560 with stop loss of 5580 for the target of 5505 and 5450.

As today is the F&O settlement a lot of volatality will be there.

Short HEROHONDA at 1805-1815 with stop loss of 1830 for the target of 1755
Short ESSAROIL at 121 with stop loss of 124 for the target of 116
Short REC at 216-214 with stop loss of 220 for the target of 207

27/07/2011 Trading views

For the day Nifty moved exactly as we said .It made a high of 5702 and low of 5560 and closed at 5574.85 which is 105 points down from previous close.

Nifty is moving with in a parallel channel where 5550 -5535 will provide a good support on breaking this it will lead the nifty towards 5495 and 5450, on upside 5600 will act as a resistance


Levels for the day
Support 5555 , 5540 , 5520 , 5500
Resistace 5603 , 5630 , 5645 , 5663

Short LT in between 1800-1785 with stop loss of 1815 for the target of 1740

26/07/2011 Trading Views

Nifty for the day made a low of 5616 and from there the momentum picked up and made a high of 5700 the resistance level and closed at 5680 up by 46 points from the previous days closing.

Nifty's resistance is between 5700-5750 this region will be a major hurdle for Nifty on crossing this can go upto 5900.

One can initiate short of Nifty in between 5680 -5700 with a stoploss of 5750 for the target of 5600 and 5550 .
One can buy Put option of Nifty strike price of 5700 in the price of 38-44 with stop loss of 25 for the target of 80 and 100


PTC can be acquired in between 80-84 with stop loss of 75 for the target of 93 , 97

As today we have Monetary policy announcement more volatality will be there so trade with strict stop loss.

25/07/2011 Trading Views

Nifty on Friday day moved between 5642 and 5567 even though Nifty was having good strength but it was not able to go above 5650.

Nifty is clueless for this week also for the past two weeks Nifty is moving between 5654 and 5496 (158 Points ).

Now Nifty will face resistance at 5690 and 5750 will be strong resistance , The support comes at 5600 ,5540 and 5496.


As Tuesday is having monetary policy that will decide the market movement.

Anyways the probabilty of the market is more on downside.



Buy TATASTEEL at 581 with stop loss of 575 for the target of 595
Short IBR between 116- 118 with stop loss of 121 for the target of 111 , 106

22/07/2011 Trading Views

Nifty moved between 5579 and 5532 and closed at 5541.6 which is 25 poitns down from the previous days closing.
Nifty neither have buying power nor the selling pressure to move the market up or down .
As today is the last day of the week Nifty should give direction for the coming week.
Current move can take Nifty to 5495 and 5450

Levels for today
Support 5530 , 5518 , 5495 , 5450
Resistance 5560 , 5580 , 5600 , 5630



Short INDHOTEL at 77.5- 78 with stop loss of 79 for the target of 75

21/07/2011 Trading Views

Nifty made a high of 5645 during the opening and from there the sell off started and it made a low of 5555 for the day and closed at 5567.

For the past 6 trading sessions Nifty is moving in between 5654 and 5541 (113 points) with out making any clear signal,
The trend will change on breaking any of this level, on breaking 5654 Nifty can go upto 5750 and on breaking 5541 Nifty can go upto 5450 and 5400,
the probability is more on the down side.


Short SBIN inbetween 5480-5495 with stop loss of 2515 for the target of 2430 , 2400

20/07/2011 Trading view

Nifty made a move between 5557 and 5628 and closed at 5613


Nifty will face resistance between 5650-5680 breaking of this level will take Nifty to 5730 and it has strong support at 5555 breaking of this will take Nifty to 5496 and 5450



Buy Ranbaxy at 544-546 with stop loss of 538 for the target of 560

19/07/2011 Trading Views

Nifty made a move between 5596.6 and 5550 and closed for the day at 5567.

Nifty can be shorted in between 5560-5580 with stop loss of 5610 for the target of 5450.



Sell RCOM at 94.8 with stop loss of 96.7 for the target of 90 ,87

18/07/2011 Trading Views

Nifty will face strong resistance at 5680
we can short Nifty in between 5625-5655 with stop loss of 5690 for the target of 5505 , 5450

Short RPOWER at 115.5 with stop loss of 118 for the target of 109

Buy PATELENG between 146-151 with stoploss of 142 for the target of 166 , 175

15/07/2011 Trading view

Nifty moved between 5653.95 and 5541.7 and closed at 5599.8 which is the exact resistance on closing basis
the way nifty had given up all the gain in the last 30 mins shows there is strong resistance at 5660-5680 level as we said to initiate a short at this level in yesterdays post.
for today also one can follow the same if nifty comes to this level with stop loss of 5710 for the target of 5600 and 5555.


Levels for today

Support 5575 , 5555 , 5530 , 5514
Resistance 5626 , 5655 , 5680 , 5700


Buy SAIL between 129-131 with stop loss of 127 for the target of 136 , 140

14/07/2011 Trading views

Nifty made a move between 5596 and 5541 and closed at 5584 which is 59 points up from the previous day .
Nifty now will face resistance at 5606 on crossing this it can take nifty towards 5680.
So if Nifty comes arround 5680-5660 one can initiate a short with stop loss of 5710 for the target of 5600 and 5550


Buy DCB at 63.75 with stop loss of 62.5 for the target of 68

13/07/2011 Trading Views

Nifty is expected to consolidate for the day between 5475-5555.

Levels For Today
Support 5495 , 5475 , 5450 , 5431
Resistance 5534 , 5555 , 5578 , 5598


Short YesBank at 317 with stop loss of 321 for the target of 306
Short LT at 1785 eith stop loss of 1803 for the target of 1738

12/07/2011 Trading Views

Nifty was moving with in range of 5652.9-5601.7 and it closed at 5616.1. As 5600 act as a good support Nifty turned from there.

As today is Infosys quarterly result getting announced it will be the trend decider of the market.

Levels for Today
Support 5600 , 5576 , 5555 , 5530
Resistance 5635 , 5655 , 5675 , 5690

Short IDFC at 133 with stop loss of 136 for the target of 127
Short SBIN at 2448 with stop loss of 2475 for the target of 2385

11/06/2011 Trading Ideas

AS the Spot Nifty was not able to close above 5750 it will take the Nifty towards 5600 and 5555.
5600 will act as a good support.

Short term trend will be range bound with in 5500-5750.

Levels for today
Support 5640 , 5615 , 5592
Resistance 5680 , 5695 , 5715 , 5750

Short JPASSOCIATE at 80.5 with stop loss of 82 for the target of 77.5 , 75

08/07/2011 Trading Views

Nifty made a good move between 5632.95-5737.17 and closed at 5727.75 which is 102 points up for the previous days closing.

As of now Nifty is having a strong resistance at 5750 on breaking this Nifty will lead towards 5820 and support comes at 5680 and 5600.

Levels for Today
Support 5705 , 5680 , 5663
Resistance 5750 , 5767 , 5780 ,5793

07/07/2011 Trading Views

Nifty has consolidated for the third day , its expected to give a break in today's second half or on Friday the probability is more on down side . once it breaks 5600 it will reach 5550.
in upper side 5680 act as a strong resistance.

so if Nifty come around 5660 - 5680 one can initiate short position with a stop loss of 5710 for the target of 5550.

06/07/2011 Trading Views

Nifty after opening at 5659.85 for the whole day nifty was trading with in a range of 30 points 5643-5612 .

This scenario is expected to continue for today also , 5600 is having a good support once it got broken it will take the Nifty towards 5550 and in upper side 5700 is a good resistance , once the nifty crosses 5660 it will test 5680.

Levels for Today
Support 5612 ,5600 , 5580
Resistance 5642 , 5660 , 5680


Buy INDIAINFO AT 88.7 with stop loss of 86 for the target of 95
Buy YESBANK at 320.5 with stop loss of 314 for the target of 340

05/07/2011 Trading Views

Nifty exactly went up to 5680 the resistance and came down and from there it traded sideways 5640-5660 with in 20 points.

Nifty is expected to consolidate for some more days before making any further move in upper side the breakout level comes at 5750 and in lower side the breakdown level comes at 5500.

Levels for today
Support 5630 , 5613 , 5600
Resistance 5660 , 5680 , 5696


Buy Aloktext at 26 with stop loss of 25.4 for the target of 27.7
Buy APIL at 530 with stoploss of 520 for the target of 555
Buy Indianhotel at 79 with stop loss of 76.7 for the for the target of 84.5
Buy LICHSGFIN at 238 with stop loss of 234 for the target of 250 , 260

04/07/2011 Trading Views

Nifty on Friday exactly went up to the resistance level and from there selling pressure started.

Now the Nifty will move further only on closing above 5750 , Nifty have strong support on 5600 and 5500 , so for some days Nifty will be with in a range of 5500-5750.

Levels for Today

Support 5604 , 5580 , 5555
Resistance 5650 , 5675 , 5708 , 5723

01/07/2011 Trading Views

Nifty is now going to face a crucial stage in 5680 and 5750 level .
As new settlement is starting from today the market will decide which side to move in 2 or 3 days.
In the down side 5600 will act as a good support.

Levels for today
Support 5627 , 5615 , 5603

Resistance 5667 , 5680 , 5700 , 5750



Short HINDALCO at 183 with stop loss of 186 for the target of 177
Buy BAJAJHIND at 70.25 with 68.75 as stoploss for the target of 74

30/06/2011 Trading Views

Nifty made a good closing of 5600 , however we have to watch whether Nifty is continuing its upmove or not. Now the next level to watch is 5680 and 5750.
As today is F&O settlement day we can expect lot of volatality.
Instead of playing in Nifty we can be stock specific.

Levels for Today

Resistance 5615 , 5626 , 5642 , 5680
support 5584 , 5574 , 5555


Buy IDFC at 128.5 with stop loss of 126 for the target of 135

29/06/2011 Trading Views

Nifty made a Doji on the EOD chart which shows indecisiveness of the market. Nifty is once again at the crucial level of 5555 crossing above 5600 will be a hurdle.

Levels for Today

Support 5530 , 5515 , 5496 , 5480
Resistance 5560 , 5575 , 5592


Buy Axis bank at 1295 with stop loss of 1285 for the target of 1345

Buy HDFCBANK at 2410 with stop loss of 2395 for the target of 2440 , 2460

28/06/2011 Trading Views

Nifty again came back to the 5555 level , if Nifty is able to cross above 5600 and 5750 with the same speed then it will be good for market.

Level for Today

Support 5510 , 5494 , 5480 , 5458

Resistance 5555 , 5575 , 5598 ,5613

BUY PFC at 181 with stop loss of 176 for the target of 191

27/06/2011 Nifty's view

Over all Trend of Nifty
Short term : Bullish
Medium term : Bearish
The medium term trend will get changed to bullish only on a firm close above 5750 until that the trend will be bearish only.

The current up move will take Nifty towards 5600 .it will face resistance at 5480 , 5522 , 5555 and 5600.
The support for Nifty comes at 5330.

Nifty for today
As there was increase in kerosene and LPG prices NIFTY is expected to open downwards.

Levels for today
Support 5440 , 5400 , 5388 ,5368
Resistance 5480 ,5500 ,5522 ,5538

24/06/2011 Intraday Trading Ideas

Nifty is having selling pressure at 5330 the next resistance will be 5350 and 5380.
Today nifty is expected to move up to 5355.
In lower side 5250 acts as a good support.


Levels for today
Support 5300 , 5280 , 5250 , 5220
Resistance 5330 , 5350 , 5380 , 5400

23/06/2011 Intraday Trading Ideas

Nifty will make a definitive move only after breaking 5330 or 5250 any of these levels, until that consolidating mode will prevail.Nifty is expected to consolidate for today also.

The maximum upside expected is only upto 5380 and there is less possibility for the nifty to go above 5400 before this expiry.
In downside the first support is at 5250 and when it breaks 5195 the next support will be at 5150.
The short term target will be of 4900.


Levels for Today
Support 5266 , 5250 , 5230 ,5195

Resistance 5296 , 5314 , 5330 , 5350

22/06/2011 Intraday Trading Ideas

Nifty is having resistance at 5330 and the next resistance comes at 5370. It will find support at 5257 and 5235.Nifty will be consolidating for some more time before making any further movement.

Levels for Today
Support 5257 , 5235 , 5210 , 5195
Resistance 5300 , 5330 ,5350 ,5370

Short BPCL at 625 with stop loss of 631 for the target of 607

21/06/2011 Intraday Trading Ideas

Now Resistance for nifty will be at 5330 and 5370 and it will find support at 5177.

For some days nifty will be consolidating , and there is less possibility for nifty to go above 5400 before this expiry.

Levels for today
Support 5245 , 5230 , 5215 , 5195

Resistance 5274 , 5294 , 5310 ,5327

20/06/2011 Intraday Trading Ideas

Nifty now will face resistance at 5420and 5470 and when it breaks 5328 the next target will be 5255.
For today we can expect a slight up move from 5350.
Levels for today

Support 5350 , 5328 , 5316 ,5300
Resistance 5381 , 5400 ,5420

Short M&M at 655 with stop loss of 666 for the target of 630
Short VIJAYABANK at 69.8 with stop loss of 71.1 for the target of 67 ,65

17/06/2011 Intraday Trading Ideas

Now Nifty will get support at 5350 a pull back is expected from here.

Levels for today
Support 5374 , 5360 , 5350
Resistance 5410 , 5425 , 5440 , 5454

Short Axisbank at 1229 with stop loss of 1239 for the target of 1205

16/06/2011 Intraday Trading Ideas

Today Nifty will make a decisive move as the monetary policy announcement is there. Probability is more on the downside .when it breaks 5400 it will reach 5350.

Levels for today
Support 5424 , 5401 , 5387 , 5350
Resistance 5461 , 5477 , 5493 ,5508

15/06/2011 Trading Views

Nifty is testing the patience of every one with out making a decisive move.
Nifty is having resistance at 5520 when breaks 5520 can go upto 5555. In down side when breaks 5475 can test 5420.

Levels for today
Support 5486 , 5475 , 5450 , 5420
Resistance 5520 , 5536 , 5555 , 5570

Short MOSERBAER at 40.8 with stop loss of 41.3 for the target of 38.7

14/06/2011 Intraday Trading Ideas

Nifty today have resistance at 5505 and 5530 it has support at 5460 and 5436.

Levels for today
Support 5460 ,5445 , 5436 , 5420
Resistance 5505 , 5520 , 5530 , 5545

Short MOSERBAER at 40.8 with stop loss of 41.3 for the target of 38.7

13/06/2011 Trading Views

For the past two week Nifty is getting support at 5457 once this level is broken the next support comes at 5350 and it will find resistance at 5600.

Levels for Today

Support 5457 , 5446 , 5421
Resistance 5500 , 5510 , 5525 ,5550


Short ICICIBANK at 1046 with stop loss of 1055 for the target of 1021 , 1012
Short IDFC at 134.5 with stop loss of 136.2 for the target of 130.2
Short JPASSOCIAT at 82.2 with stop loss of 83.1 for the target of 79
Short RELINFRA at 549 with stop loss of 556 for the target of 531

10/06/2011 Intraday Trading Ideas

Nifty again didn't made any move for one more day.
Levels for today

Support 5512 , 5497 , 5483 , 5460
Resistance 5535 , 5550 , 5570 , 5590


Short HDFC at 659 with stop loss of 667 for the target of 645 , 635
Short IDFC at 135.5 with stop loss of 137.3 for the target of 132 ,130
Short SBIN at 2284 with stop loss of 2305 for the target of 2235 , 2210

09/06/2011 Intraday Trading Ideas

Nifty is not making any decisive move for the past 6 trading sessions its moving between 5479-5605 with less volume , it needs some trigger to make a move on either side , one more thing to watch is Reliance if it makes a move above 965 then Nifty can cross 5600.

But the probability for Nifty is more on down side.

Levels for today

Support 5510 ,5494 ,5480 , 5450
Resistance 5542 , 5555 , 5568 , 5590

Short ONGC at 273 with stop loss of 276 for the target of 266
Short JSWSTEEL at 934 with stop loss of 945 for the target of 911 , 893

Stocks to watch Axisbank weak below 1217 , SBIN weak below 2272

08/06/2011 Trading Views

Nifty has resistance at 5580 and 5603 it will find support at 5532 and 5517.
Levels for NIFTY

Support 5532 , 5517 , 5508 , 5493
Resistance 5580 , 5594 , 5603 , 5618.

BUY HCC at 32 with stop loss of 31.2 for the target of 33.7
SHORT HEROHONDA at 1853 with stop loss of 1864 for the target of 1823 , 1812

07/06/2011 Trading Views

Nifty will find resistance at 5555 and 5570 will find support at 5500 and 5469.

Levels for today

Support 5517 , 5500 , 5480 , 5465

Resistance 5555 , 5570 , 5594

Short Axisbank at 1248 with stop loss of 1261 for the target of 1210
Short GAIL at 437 with stop loss of 442 for target of 426 , 421
Short Jpassociat at 84 with stop loss of 85.5 for the target of 80.5

06/06/2011 Trading Views

Nifty will finds support at 5467 and 5440 on breaking this level it will go up to 5350.
It will find resistance at 5555 and 5591 and 5600 act as a major resistance as of now.


Levels for today

Support 5493 , 5480 , 5467 ,5440
Resistance 5540 , 5555 , 5577 , 5591.


Short AXISBANK at 1260 with stop loss of 1276 for the target of 1230 , 1210
Short HINDALCO at 194 with stop loss of 197 for the target of 186

03/06/2011 Intraday Trading ideas

For Nifty as of today there is less possibilty to go above 5600.
Levels for today
Support 5532 , 5521 , 5504 , 5480
Resistance 5568 , 5578 , 5596

02/06/2011 Intraday trading views

Nifty Will face resistance at 5615 one can go short below 5600 with stoploss of 5620 for the target of 5510.

Levels for today

Support 5577 , 5554 , 5525 , 5510
Resistance 5615 , 5629 , 5650

01/06/2011 Intraday Trading ideas

Short Nifty at 5585 with stop loss of 5612 for the target of 5510

Levels for today

Support 5540 ,5519 ,5510 , 5478
Resistance 5585 ,5600 ,5612 , 5622

Short ICICIBANK at 1097 with stop loss of 1110 for the target of 1070a

30/05/2011 Trading Views

Nifty is having resistance at 5510 and 5555 for further up move in needs a closing above this .

Levels for today
support 5448, 5431 , 5403
Resistance 5493 , 5510 , 5531

Buy SINTEX INDUSTRIES at 177.5 with stop loss of 175 for the target of 184

27/05/2011 Intraday Trading Ideas

Nifty will find resistance at 5438 and the support comes at 5300.

Level for today
Support 5387 , 5371 , 5346
Resistance 5427 , 5438 , 5453

Short HDFC at 648 with stop loss of 654 for the target of 636 , 627

Short JPASSOCIATE at 80.3 stop loss of 81.1 for the target of 77.5

26/05/2011 Intraday Trading views

Nifty is in week situation today there is possibility for Nifty to go below 5300 . It will find resistance at 5372 and 5410 .

Levels for Today
Support 5325 , 5311 , 5300 , 5250
Resistance 5372 , 5389 , 5410 , 5430


Short Axisbank at 1196 with stop loss of 1210 for the target of 1170 , 1152

Short JPASSOCIATE at 79.5 with stop loss of 80.5 for the target of 77.5

Short TATAPOWER at 1206 with stop loss of 1217 for the target of 1170 ,1152

25/05/2011 Intraday Trading Ideas

Nifty has resistance at 5433 and support at 5350 once this is broken it will go up to 5300 .

Levels for Today
Support 5373 , 5360 , 5350 , 5339
Resistance 5422 , 5433 , 5450

Short BAJAJHIND at 65.75 with stop loss of 66.5 for the target of 64
Short UNITEDPHOSPHORUS at 162.5 with stop loss of 163.75 for the target of 157

24/05/2011 Trading Views

Nifty will get support at 5350 once this is broken then it will go to 5233 . 5428 will act as a good resistance .

Levels for today
Support 5366 , 5352 , 5334 , 5302
Resistance 5401 , 5428 , 5450 , 5470

Short ACC at 980 with stop loss of 992 for the target of 950
Short JPASSOCIATE at 80.5 with stop loss of 82 for the target of 77

23/05/2011 Trading Views

Nifty if comes to 5515-5530 Short it with stop loss of 5560 for the target of 5453 , 5410.

Levels for today
Support 5466 , 5453 , 5433 , 5401
Resistance 5506 , 5528 , 5551 , 5571


Short HINDALCO at 194.7 with stop loss of 197.5 for the target of 189 , 185

20/05/2011 Intraday Trading Ideas

Nifty is playing with in 60 points 5400-5460 for the past 2 days .Today a Pull back is expected which will take nifty to 5480-5515 and in down side if the nifty breaks 5400 it will go up to 5350.

Levels for Today
Support 5410 , 5396 , 5375
Resistance 5444 , 5460 , 5480

Short Hindalco at 193.4 with stop loss of 196 for the target of 189 , 185

19/05/2011 Intraday Trading Ideas

Nifty is holding 5400 once this is broken it will see 5350 and it will get support here .In the upper side it can go up to 5480 if it goes it can be shorted with stop loss of 5510 for the target of 5400 , 5350.

Levels for Today
Support 5400 , 5383 , 5365 , 5350
Resistance 5443 , 5457,5465 , 5480


Short MLL at 38.6 with stop loss of 39.6 for the target of 36.5

18/05/2011 Intraday Trading Ideas

Nifty now has resistance at 5480 so if Nifty comes to 5480 it can be shorted with stop loss of 5510 for the target of 5410 , 5350 .

Levels for Today
Support 5414 , 5400 , 5375 , 5350
Resistance 5456 , 5478 , 5500 , 5520


Short RPOWER at 114 stop loss at 115.4 for the target of 111 , 109
Short TATASTEEL at 580 with stop loss of 585.5 for the target of 570 , 562
Short HINDALCO at 196 with stop loss of 198 for the target of 192 , 189

17/05/2011 Intraday Trading Ideas

Nifty Spot is having resistance at 5530 and support at 5480-5470 once this is broken a huge fall will be there 5440 , 5350.

Levels for Today
Support 5480 , 5470 , 5444
Resistance 5510 , 5530 , 5555

Short Rpower at 115.6 with stop loss of 116.8 for the target of 112 , 110

16/05/2011 Weekly Trading Ideas

Nifty is not making any decisive move
short term outlook is range bound
Medium term trend is bearish
The trend will mildly get changed only a weekly close above 5700(Probability is less) and get confirmed only a close above 5950 until that the trend is bearish.
And the bear will get into action once a close below 5440
If Nifty comes to 5645 short it with stop loss of 5700 for the target of 5510



BhartiArtl can be played on both sides
Buy at 363 with stop loss of 360.7 for the target of 368 , 372
Sell below 361 with stop loss of 364 for the target of 356 ,350

13/05/2011 Intraday Trading Ideas

Todays Nifty's closing will decide the next week's market if it closes below 5440 then the market will go in bear's hand .

Levels for today

Support 5463 , 5449 , 5438 , 5412
Resistance 5505 , 5522 , 5545 , 5560

Short BAJAJHIND at 69.6 with stop loss of 70.2 for the target of 68 ,67

12/05/2011 Intraday Trading Ideas

Nifty is moving between 5500-5600 for past 3 days and is not making any decisive move .
5530 will act as a support for today.

Levels for Today

Support 5553 , 5540 , 5530 , 5500
Resistance 5576 , 5590 , 5603 , 5614

Buy TATAMOTOR at 1201 with stop loss of 1289 for the target of 1224 , 1237
Buy UNITECH at 35.8 with stop loss of 34.9 for the target of 36.9 , 37.5
Buy MoserBaer at 43.4 with stop loss of 42.7 for the target of 44.7 , 45.5

11/05/2011 Intraday Trading Ideas

For today's Nifty 5550 will act as a hurdle once it crosses then it will go upto 5590 and next 5630 and in downside it will find support at 5500.

Levels for today
Support 5522 , 5511 , 5500 , 5480
Resistance 5550 ,5570 , 5590 , 5620

Short Renuka at 68.4 with stoploss of 70.5 for the target of 63.3

10/05/2011 Intraday Trading Ideas

For Todays Nifty will find support at 5530 and next support is at 5500 and 5570 is having a mild resistance once it got crossed Nifty will go upto 5630 if it crosses this then it will test 5680 but there is less possibility for crossing 5630. At any point between 5630-5680 Nifty may turn its direction downwards.

Levels for Nifty

Support 5530 , 5519 , 5500 , 5473
Resistance 5570 , 5583 ,5600 ,5630

Buy JINDALSTEEL at 632 with stop loss of 626 for the target of 644 , 649
BUY TATASTEEL at 588 with stop loss of 584 for the target of 599 , 604
Buy GVKPIL at 22.85 with stoploss of 22.3 for the target of 23.9 ,24.5

09/05/2011 Intraday Trading Ideas

All the Prices are based on Spot

Nifty as of now is having support at 5440 and 5680 will act as resistance
For Today Nifty can be bought at 5515 with stop loss of 5495 for the target of 5597 , 5670



Buy Axisbank at 1245 with stoploss of 1225 for the target of 1290
Buy TATASTEEL at 588 with stop loss of 581 for the target of 604
Buy TCS at 1136 with stop loss of 1118 for the target of 1165 , 1177
Buy INDHOTEL at 79.3 with stop loss of 78.5 for the target of 80.9 , 82.9

06/05/2011 Intraday Trading Ideas

Nifty may get support at 5430 if it fails then it will reach 5350 , 5310 , 5230 .
The zone below 5300 will be danger zone for Nifty
A pull back is expected before making further fall so one can buy Nifty at 5430 with stop loss of 5390 for the target of 5550 , 5600.
Levels for today
Support 5430 , 5415 , 5400 , 5370
Resistance 5487 , 5504 , 5548 ,5560


Short RENUKA at 69 with a stop loss of 71 for the target of 66 , 63

05/05/2011 Intraday Trading Ideas

All Prices are based on spot price.
A minor pullback will be there in NIFTY 5475 is having a support so one can buy Nifty between 5480 and 5500 with a strict stop loss of 5460 for the target of 5575

Levels for today

Support 5519 , 5500 , 5480 , 5460
Resistance 5555 , 5566 , 5575 , 5584

Buy Axisbank at 1220 with a strict stoploss of 1205 for the target of 1260 , 1280

04/05/2011 Intraday Trading Ideas

Those who took position on 5400 PE as recommended on 02/05/2011 to buy below Rs 15 can square off half of their position above Rs 45 it has tripled and hold the remaining position.
All prices are based on spot
Now for Nifty one support is at 5525 and another at 5475 as of today some consolidation will be happening before breaking 5475 .Short Nifty whenever it bounces in upper side it will not be able to cross 5680

Levels for Today

Support 5525 , 5505 , 5475 , 5450
Resistance 5600 , 5630 , 5661 , 5680

Short ACC 1093 with a stop loss of 1105 for the target of 1062
Short Ambujacem 151 with a stop loss of 153.25 for the target of 145 , 142

03/05/2011 Intraday Trading Ideas

To keep the bear intact Spot Nifty should not stay above 5750 if Nifty goes above 5760 wind out short positions , short can be initiated below 5740 with stop loss of 5760 when Nifty goes below 5680 add more shorts for the target of 5632.
Nifty will give a bounce once it reaches 5632 cover the shorts.


Levels for today
Support 5680 , 5657 , 5634 , 5613
Resistance 5735 , 5755 , 5768 , 5788

Short TATACHEM at 376 with a stop loss of 380 for the target of 370 , 365

02/05/2011 Intraday Trading Ideas

Nifty's trend will get decided on Tuesday any how there is more possibilities for the Nifty to go down only once it crosses the 5690 level then there will be huge sell of will be there , those who are willing to take risk can buy 5400 Put option below Rs 15 and hold it and add more lots when Spot Nifty goes below 5690.

Levels for today

Support 5726 , 5710 , 5690 , 5651

Resistance 5772 , 5787 , 5800 ,5824

29/04/2011 Intraday Trading Ideas

NIFTY has to give confirmation to which side to move 5745 and 5690 supports are there and in upper side 5900 and 5950 resistance are there .

wait for the trend to get confirmed Probability is more on down side most of the heavy weight stocks like INFY , Reliance ,LT , BHEL has weaken.

Risk takers can Buy Nifty when spot Nifty comes to 5720 with strict stop loss of 5685 for the target of 5800

Levels for today
Support 5766 ,5745 , 5724
Resistance 5815 , 5834 , 5864

28/04/2011 Intraday Trading Ideas

Last March month Nifty settlement was at 5833 yesterday's Nifty's closing 5833 , for the past one month Nifty did not do anything it has moved between (5693-5944) only 251 points .
Either today or the next day Nifty has to give break out it may be above 5950 or below 5690

Nifty is having support at 5825-5845 once this is broken it will find next support at 5790 and 5745 and resistance comes at 5880-5890 if this is broken 5912 and 5950.

Above 5950 the trend will change bullish. so Avoid shorting above 5950.

One can buy Nifty at 5830-5825 with stop loss of 5800 for the target of 5875 , 5890

27/04/2011 Intraday Trading Ideas

Spot Nifty is still not making any decisive move it will face resistance between 5900-5950 and now in down side support comes from 5790 next support comes between 5760-5740 when clearing this either of the side only nifty will make a decisive move.

Risky Traders can Short Nifty at 5890-5900 with stop loss of 5950 for the target of 5800.

Those who are risk takers can buy Nifty Put option strike of 5800 at Rs8-13 for the target above Rs35. Hold until expiry.

Avoid shorting if Nifty moves above 5941 it will test 6000.

26/04/2011 Intraday Trading Ideas

Spot Nifty for the second day is trading between 30 points range so today once it goes below 5855 it will go upto 5800 once this is crossed we can see 5750 and in upper side 5913 will be the resistance beyond that 5950 will act as a strong resistance.

Levels for today

Support 5855 , 5836 , 5825 , 5800

Resistance 5900 , 5912 , 5950

25/04/2011 Intraday Trading Ideas

Spot Nifty is trading between the range 5690-5950 for the past 3 weeks a decisive move will be made only either of the side is broken. More probabilities are there for the down side move only. As this week is expiry week hope Nifty will break any of this level.

Levels for today

Support 5866 , 5847 , 5800
Resistance 5903 , 5933 , 5950

21/04/2011 Intraday Trading Ideas

Nifty closed at the resistance level one can short NIFTY at every rising now upto 5910 with strict stop loss of 5960 for the target of 5700 , 5650. Today 2 Heavy weight companies results are going to be announced TCS and RELIANCE . If the results are too good than expected it could change the whole environment so maintain the stop loss strictly.

Levels for today
Support 5828 , 5800 , 5750 , 5700
Resistance 5888 , 5900 , 5926 , 5950

20/04/2011 Intraday Trading Ideas

Spot Nifty is getting support at 5690 so before breaking this level it may consolidate for 2 ,3 days , so use the rising opportunity above 5850 level to short Nifty with strict stop loss of 5960 for the target of 5550-5500 .

Level's for today

Support 5715, 5690 , 5650 ,5627

Resistance 5770 , 5795 , 5830 , 5853

19/04/2011 Intraday Trading Ideas

Nifty made a move exactly as we said and made 170 points . Now the spot Nifty will be struggling to clear 5680-5730 once it goes below 5680 we can see 5560 so we have to watch for break below 5680.

Levels for today

Support 5685 , 5660 , 5640 , 5594
Resistance 5770 , 5796 , 5816 , 5840

Sell SESAGOA at 308 with a stop loss of 313 for the target of 300 , 294

18/04/2011 Intraday Trading Ideas

Nifty if now goes below 5780 then again it will test 5730 level now it will be difficult for nifty to cross 5950 so now don't go for any fresh buying look opportunities for shorting . If spot Nifty goes to higher level near by 5900 short it with stop loss of 5960 for the target of 5800 , 5730 and further . once Nifty goes below 5700 we can see 5500 again.


Levels for today
Support 5800 , 5774 , 5760 , 5730
Resistance 5850 , 5875 , 5890 , 5930

Buy EDUCOMP at 459 with a strict stop loss of 454 for the target of 468 , 475 , 480

15/04/2011 Intraday Trading Ideas

As we said the range yesterday the spot Nifty moved perfectly within the range now todays Nifty's closing is very important for the coming days if today spot Nifty closes above 5950 then we can see 6070 next 6178 in the near days or else we can expect a huge sell of it can test 5500 and below also .
Today there will be a gap up opening.

Today is Infosys Result so we can expect good volatility.

Levels for today

Support 5890 , 5870 , 5840
Resistance 5950 , 5983 , 6005 , 6030

13/04/2011 Intraday Trading Ideas

As we said previously Spot Nifty will come to 5780 it came exactly upto there now there is a possibility for today to open below 5780 now the trading range will be between 5730-5950

Levels for today
support 5770 , 5750 , 5733
Resistance 5800 , 5820 , 5840

11/04/2011 Intraday Trading Ideas

Finally Nifty spot came below previous days low and closed below that so now there is more chances nifty to go down upto 5780 and 5730 as of now and in upper side first resistance will be 5890


Levels for today
Support 5817 , 5800 ,5777 , 5730
Resistance 5860 , 5890 , 5912 ,5946

Most of the banking stocks has given up their gains

08/04/2011 Intraday Trading Ideas

Hi Guys our Blogs total view has crossed 1000 views in just 67 working days thanx for your response. Any discussions , comments or suggestions are welcome you can mail me to athiathi@gmail.com.


Still Spot Nifty is not going below its previous days low it indicates that if it goes below then 100-200 points fall will be there , so for today the low to watch is 5866 and in upper side to watch is 5950.

Levels for today

Support 5866 , 5835 , 5800 ,5780
Resistance 5906 , 5925 , 5950 , 5990

07/04/2011 Intraday Trading Ideas

As we said previously Spot Nifty will not go beyond 5950 it tested 5944 and went down .
Nifty closed Negatively after long days and Nifty did not went to its previous days low for past 12 days on todays trading expect to go below previous days low thats 5868 if it goes below then minor support is there at 5855 and next will be 5810 .

Levels for today
Support 5868 , 5850 , 5833 , 5810
Resistance 5910 , 5930 , 5950 , 5974

06/04/2011 Intraday Trading Ideas

Spot Nifty is strong Resistance at 5950 level nifty will be consolidating for some days between 5750-5950 so one can short Nifty at 5950 level with a stop loss of 6000 for the target of 5850 , 5800

Levels for today
Support 5873 , 5855 , 5830
Resistance 5930 , 5950 , 5982

05/04/2011 Intraday Trading Ideas

Nifty is making a continuous up move avoid fresh long positions as of now .

Levels for today
Support 5888 , 5855 , 5834
Resistance 5928 , 5953 , 5975 , 5995

04/04/2011 Intraday Trading Ideas

This week Nifty will be consolidating now one can go long when Nifty spot closes above 6000 .
One can short Nifty at 5860 with a stop loss of 5907 for the target of 5780 , 5750
Levels for today

Support 5800 , 5776 , 5750 , 5730
Resistance 5837 , 5856 , 5875 , 5900

01/04/2011 Intraday Trading Ideas

Market is showing signs of reversing so don't go for any long position be ready for the downward ride maximum possible will be 5950.
Levels for today
Support 5811 , 5800 , 5776 , 5740
Resistance 5855 , 5875 , 5905 , 5930


Short IVRCLINFRA at 82.8 with a stop loss of 83.7 for the target of 80.6 , 79 , 77

31/03/2011 Intraday Trading Ideas

Market is over stretched avoid any fresh long positions now today is the expiry of this month contract so we can expect lot of volatility

Levels for today
Support 5768 , 5750 , 5730 , 5710
Resistance 5805 , 5820 , 5837 , 5875

30/03/2011 Intraday Trading Ideas

NIFTY started facing resistance at higher levels may be consolidation phase will start again before making a major move .

Levels for today
Support 5710 , 5690 , 5667 , 5645
Resistance 5755 ,5770 , 5791 , 5805

Buy IVRCLINFRA at 81.5 with a stop loss of 80.5 for the target of 83.5 , 86
Buy MARUTI at 1225 with a stop loss of 1217 for the target of 1248 , 1259 , 1270
Buy RCOM at 108.3 with a stop loss of 107 for the target of 111 , 114 , 118

29/03/2011 Intraday Trading Ideas

Spot Nifty is finding resistance at 5710 level after that resistance is at 5753

Level for today
Support 5670 , 5654 , 5636 , 5621
Resistance 5712 , 5737 , 5753 , 5772


Buy IVRCLINFRA at 78.25 with a stop loss of 77 for the target of 80 , 82.5
Buy LITL at 39.2 with a stop loss of 38.5 for the target of 41 ,42
Buy SINTEX at 146.8 with a stop loss of 145.5 for the target of 149.2 , 151.2 , 153

28/03/2011 Intraday Trading Ideas

As we said previously that Nifty will make a move above 5600 it made it on Friday.
Now the levels for spot NIFTY to watch will be 5690 and 5750 we can expect Nifty to go upto 5800.

Levels for Today
Support 5630 , 5615 , 5600 ,5573
Resistance 5675 , 5690 , 5720 , 5750

25/03/2011 Intraday Trading Ideas

Nifty spot finally made a move above 5510 now 5500 will act as a support 5577 will act as a resistance.

Level's for today

Support 5505 , 5480 , 5450
Resistance 5538 , 5555 , 5577

Buy Hotel Leela at 37.5 with a stop loss of 36.5 for the target of 39 , 40
Buy INDHOTEL at 80.5 with a stop loss of 79.5 for the target of 82 , 84
Buy EDUCOMP at 418.5 with a stop loss of 416 for the target of 423 , 426

2403/2011 Intraday Trading Ideas

Nifty spot neared neared its 50 DMA at 5510 lets hope this time it will cross it if it crosses then it will go to 5600 and further .

Level for Today
Support 5460 , 5445 ,5430 ,5400
Resistance 5500 , 5510 , 5530 , 5563

Buy BHEL at 1972 with a strict stop loss of 1949 for the target of 2015 , 2045 , 2080
Buy LT at 1518 with a strict stop loss of 1507 for the target of 1545 , 1578 , 1600

23/03/2011 Intraday Trading Ideas

Its based on Spot NIFTY Short NIFTY below 5420 with a strict stop loss of 5435 for the target of 5387 , 5374 , 5350

Today's level for Nifty
Support 5387 , 5374 , 5350
Resistance 5435 , 5454 , 5476

Short RPOWER at 120.5 with a stop loss of 122 for the target of 118.5 , 116 , 113

22/03/2011 Intraday Trading Ideas

Short term trend for NIFTY is Bearish only until it crosses 5430 , now the level for NIFTY will be 5300-5430

Todays level for NIFTY

Support 5350 , 5330 , 5315 , 5300
Resistance 5380 , 5410 , 5430

Short NTPC at 173.9 with a stop loss of 175.2 for the target of 172.2 ,170
Short RPOWER at 121.5 with a stop loss of 123.2 for the target of 118.25 , 116.25 , 114
Short CESC at 299.7 with a stop loss of 302.5 for the target of 295 , 292, 287

Buy ANDHRABANK at 138.6 with a stop loss of 136.5 for the target of 142 , 144 ,146

21/03/2011 Intraday Trading Ideas

As we said earlier if the spot Nifty closes below 5380 it will accelerate the bear phase so now we can expect Nifty to reach 5200 in the coming days so one can short Nifty at 5400-5390 with a strict stop loss of 5430 for the target of 5305 , 5250 , 5200

Short DLF at 222 with a strict stop loss of 225.5 for the target of 216 , 213
Short RPOWER at 123.5 with a strict stop loss of 126 for the target of 120 , 117 ,115
Short ABAN at 589 with a strict stop loss of 594 for the target of 577 , 571 , 564
Short Apollotyre at 65.9 with a strict stop loss of 66.6 for the target of 64.3 , 63.1 , 61.5
Short DCHL at 67.3 with a strict stop loss of 68.3 for the target of 65.7 , 64.2 , 63

Buy Auropharma at 198 with a stop loss of 195 for the target of 206 , 210

Axis bank weak below 1260

18/03/2011 Intraday Trading Ideas

Today's NIFTY spot closing will decide the movement of the market for the next week if it closes above 5550 then NIFTY will see 5750 in next week if it closes below 5380 then it will see 5200 next week.

Level for today

Support 5420 , 5400 ,5380, 5350
Resistance 5475 , 5500 , 5520 ,5550

Short HDFC at 647 with a stop loss of 655 for the target of 635 , 627 , 620

17/03/2011 Intraday Trading Ideas

Today the main thing Monetary Policy announcement is there market reaction will be based on that only.

Nifty Spot is having strong resistance at 5565

Level for Nifty

Support 5480 , 5465 , 5450
Resistance 5530 , 5550 , 5565

16/03/2011 Intraday Trading Ideas

As we said earlier Nifty is having strong support at 5380 yesterday Nifty bounced from there even though the world market is tumbling but once if it crosses it will taste 5200 still nifty is holding the range 5380-5650

level for today
Support 5420 ,5400 ,5380 , 5350
Resistance 5480 , 5500 , 5530 , 5565

Short DLF at 223.5 with a stop loss of 226 for the target of 219.5 , 216.5 , 212

Short ICICIBANK below 1002 with a stop loss of 1010 for the target of 986 , 979, 965

Short IDEA at 60.5 with a stop loss of 61.2 for the target of 59.1 , 58.3 , 57

Short M&M at 652 with a stop loss of 659 for the target of 641 , 636 , 627

Short MARUTI at 1225 with a stop loss of 1232 for the target of 1214 , 1202 , 1191

Short TATASTEEL at 598 with a stop loss of 604 for the target of 585 , 575 , 560

15/03/2011 Intraday Trading Ideas

Nifty Spot will again make a attempt to cross 5600 and it needs a closing above 5555 to make a further up move 5600-5650 will act as a great resistance and in down side 5380 will act as a great support.

Levels for today

Support 5505 , 5480 , 5450 , 5428

Resistance 5555 , 5583 , 5610 , 5634

Buy TATAPOWER at 1230 with a stop loss of 1218 for the target of 1249 , 1265 , 1277
Buy CAIRN at 342 with a stop loss of 339 for the target of 346 , 349.5 , 356
Buy ITC at 171.75 with a stop loss of 169.8 for the target of 174.25 , 176 ,179

14/03/2011 Intraday Trading Ideas

Nifty is not able to make a decisive move on either side on downside 5380 acts as a great support and in the upside 5600-5650 act as a good resistance only if it breaks on either side nifty will make a decisive move.

Levels for today
Support 5410 , 5380 , 5354
Resistance 5480 ,5502 , 5536

Short AXISBANK at 1280 with a stop loss of 1295 for the target of 1256 , 1241 , 1230
Short JINDALSTEL at 658 with a stop loss of 666 for the target of 646 , 640 , 633
Short NTPC at 176.2 with a stop loss of 177.5 for the target of 173.5 , 171.8 , 170
Short DCHL at 70.5 with a stop loss of 71.75 for the target of 67.5 , 66 ,64.5

11/03/2011 Intraday Trading Ideas

Nifty is not able to make a decisive move
Buy Nifty at 5465-5470 level with a stop loss of 5443 for the target of 5495 , 5515 , 5540

Level for Today
Support 5470 , 5460 , 5445
Resistance 5513 , 5530 , 5545


Short TATASTEEL at 602 with a stop loss of 609 for the target of 593 , 588 , 582
Short SBIN at 2614 with a stop loss of 2622 for the target of 2590 , 2570 , 2555
Buy DLF at 226.5 with a stop loss of 224.2 for the target of 229 , 233 , 237

10/03/2011 Intraday Trading Ideas

Nifty is trying to break above 5600 level and in the bottom side 5480 is acting as a good support so if nifty comes to 5480 level buy with a strict stop loss of 5465 for the target of 5545 , 5595

Level's for today
Support 5500 , 5480 , 5465 , 5445
Resistance 5551 , 5573 , 5596 , 5616


Buy ICICIBANk at 1020 with a stop loss of 1012 for the target of 1034 , 1040 , 1049
Buy RELINFRA at 612 with a stop loss of 605 for the target of 623 , 631 , 639
Buy AUROPHARMA at 187.5 with a stop loss of 185.2 for the target of 191 , 193.4 , 195

09/03/2011 Intraday trading ideas

Buy Nifty at 5490 with a stop loss of 5465 for the target of 5545 , 5570 , 5590
Level of Nifty
Support 5480 , 5465 , 5450
Resistance 5545 , 5571 , 5590

Buy Suzlon at 47.2 with a stop loss of 46.5 for the target of 48.1 , 48.9 , 49.5
Buy Auropharma at 183.6 with a stop loss of 181.4 for the target of 187.4, 189.6 , 191.7
Buy Divis lab at 616 with a stop loss of 611 for the target of 624 , 629.5 , 634

08/03/2011 Intraday trading ideas

Level of Nifty

Support 5443 , 5421 , 5400 , 5380
Resistance 5483 , 5500 ,5520 , 5545


Short SBIN at 2648 with a stop loss of 2465 for the target of 2611 ,2587 , 2570
Short Andhra bank at 137 with a stop loss of 138.5 for the target of 134.2 , 132.5 , 131

Buy TATAPOWER at 1220 with a stop loss of 1208 for the target of 1241 , 1252 ,1268

07/03/2011 Intraday Trading Ideas

Nifty spot is struggling to close above 5570 level

level for today will be
Support 5518 , 5496 , 5474 , 5450
Resistance 5570 , 5591, 5622 , 5650


Buy IDEA at 59.5 with a stop loss of 58.7 for the target of 60.9 , 61.5 , 62
Buy Tatapower at 1208 with a stop loss of 1195 for the target of 1224 , 1234 , 1241
Buy AuroPhama at 182.2 with a stop loss of 180.4 for the target of 185.7 , 186.7 , 188.5
Buy Divislab at 611 with a stop loss of 608 for the target of 616 , 619 , 624

04/03/2011 Intraday trading ideas

As said Nifty spot is having Resistance at 5560-5570 level Nifty falls from there if that level is crossed then the Nifty spot's next target will be 5640

Level of Nifty
Support 5512,5484,5460,5433
Resistance 5570,5599,5620,5640

Short Educomp at 465 with a stop loss of 469 for the target of 459 , 453 , 447 ,443

Buy Ranbaxy at 453 with a stop loss of 449 for the target of 459 , 462.5 , 467 , 471

03/03/2011 Intraday trading ideas

Nifty is having resistance around 5560-5570 region
Today's level of Nifty will be
Support 5484 , 5460 , 5440
Resistance 5565 , 5585 , 5600 , 5640

Buy CESC at 305 with a stop loss of 301.7 for the target of 311 , 315
Buy Geship at 260.2 with a stop loss of 257.7 for the target of 263.7 , 266, 269
Buy Moser-Baer at 39.6 with a stop loss of 38.7 for the target of 41.3 , 41.8 , 42.6
Buy Bajaj Hindusthan at 70.2 with a stop loss of 68.8 for the target of 72 , 74

01/03/2011 View of Nifty

Short Nifty at 5375 with a stop loss of 5405 for the target of 5335 , 5310 , 5290 , 5268

Levels
Support 5293, 5268 , 5250
Resistance 5370 , 5400 , 5437

Short Acc at 984 with a stop loss of 993 for the target of 962 , 955 , 940
Short IDEA at 58.7 with a stop loss of 59.25 for the target of 57.2 , 56.4 , 55.6
Short Jpassociat at 78.75 with a stop loss of 80.3 for the target of 77.2 , 76 , 75
Short Educomp at 477 with a stop loss of 482 for the target of 467 , 460 , 452
Short Ultratech cement at 949 with a stop loss 958 for the target of 932 , 921 , 912

28/02/2011 View of Nifty

Today is the budget day so we can expect large volatality
Nifty's level for this week will be 5010-5600
for todays level
Support 5263 , 5238 , 5198
Resistance 5328 , 5360 , 5410

Short RCOM at 89.6 with a stop loss of 91.2 for the target of 86.2 , 84 , 81
Short Rpower at 111 with a stop loss of 113.2 for the target of 107 ,  105.4 , 103

Buy Suzlon at 45.5 with a stop loss of 44.6 for the target of 47.5 , 49

25/02/2011 View of Nifty

Nifty will make a pull back move today
Levels for today's Nifty
Buy Nifty around  5220 with a strict stop loss of 5193 for the target of 5290 , 5330 , 5348
Support 5220 , 5193, 5167
Resistance 5305 , 5332, 5353

Short JSWSteel at 880 with a stop loss of 892 for the target of  852 , 834
Short BEML at 634 with a stop loss of 650 for the target of 619 , 602
Short LITL at 37.2 with a stop loss of  37.8 for the target of 35.7  , 35.1 , 34.3

NAGARJUNA Construction , Syndicate Bank & Tech Mahindra are also week only

24/02/2011 View of Nifty

Today is the expiry day so more volatility will be there . Banking stocks will have good price fall.

Range for today's Nifty
Support 5421, 5400 , 5385 , 5370
Resistance 5463, 5480 , 5505

Short ICICIBANK at 1020 with stop loss of 1032 for the target of 1000, 985

Short Grasim at 2288 with stoploss of 2305 for the target of 2256 , 2245

Short IDFC at 136.5 with stop loss of  138.1 for the target of 133.5 , 132 , 130

Short SBIN at 2642 with stop loss of 2661 for the target of  2609 , 2575 , 2552

Short Moser-Baer at 40.5 with stop loss of 41.1 for the target of  39 , 38

S

23/02/2011 View of Nifty

Level of Nifty

Support 5450 , 5428 , 5406
Resistance 5488 , 5520 , 5551

Buy Piramal Healthcare at 450 with stop loss of  446 for the target of 459 , 464
Short L&T above 1615 with stop loss of 1628 for the target of 1584 , 1562
Short Cummins above 652 with stop loss of 659 for the target of 635 , 620
Short Moser-Baer above 41 with stop loss of 42.5 for the target of 38 ,36