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