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.
Monday, October 31, 2011
Sunday, October 30, 2011
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.
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.
Thursday, October 27, 2011
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.
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.
Tuesday, October 25, 2011
Happy Diwali
As each Diya shines brighter ........
May your home sparkle with joy and glow with warmth !!!
HAPPY DIWALI
May your home sparkle with joy and glow with warmth !!!
HAPPY DIWALI
Monday, October 24, 2011
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.
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.
Sunday, October 23, 2011
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.
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.
Thursday, October 20, 2011
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.
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.
Wednesday, October 19, 2011
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
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
Tuesday, October 18, 2011
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.
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.
Monday, October 17, 2011
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.
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.
Sunday, October 16, 2011
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
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
Thursday, October 13, 2011
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.
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.
Wednesday, October 12, 2011
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.
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.
Tuesday, October 11, 2011
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 .
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 .
Sunday, October 9, 2011
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
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
Thursday, October 6, 2011
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.
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.
Tuesday, October 4, 2011
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.
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.
Monday, October 3, 2011
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
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
Sunday, October 2, 2011
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.
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.
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