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
Monday, August 29, 2011
Sunday, August 28, 2011
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.
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.
Wednesday, August 24, 2011
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.
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.
Tuesday, August 23, 2011
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.
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.
Monday, August 22, 2011
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
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
Sunday, August 21, 2011
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.
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.
Thursday, August 18, 2011
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
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
Wednesday, August 17, 2011
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.
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.
Tuesday, August 16, 2011
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
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
Monday, August 15, 2011
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.
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.
Thursday, August 11, 2011
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
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
Wednesday, August 10, 2011
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
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
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
Monday, August 8, 2011
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.
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.
Saturday, August 6, 2011
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
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
Friday, August 5, 2011
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.
yesterdays post , pls dont follow yesterdays post that is 05/08/2011 Trading Views.
Thursday, August 4, 2011
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
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
Wednesday, August 3, 2011
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
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
Tuesday, August 2, 2011
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
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
Monday, August 1, 2011
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
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
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