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.
Wednesday, November 30, 2011
Tuesday, November 29, 2011
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.
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.
Monday, November 28, 2011
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.
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.
Sunday, November 27, 2011
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.
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.
Thursday, November 24, 2011
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.
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.
Wednesday, November 23, 2011
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.
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.
Tuesday, November 22, 2011
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.
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.
Monday, November 21, 2011
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.
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.
Sunday, November 20, 2011
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.
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.
Thursday, November 17, 2011
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.
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.
Wednesday, November 16, 2011
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.
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.
Tuesday, November 15, 2011
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.
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.
Monday, November 14, 2011
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.
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.
Sunday, November 13, 2011
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.
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.
Thursday, November 10, 2011
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
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
Tuesday, November 8, 2011
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.
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.
Monday, November 7, 2011
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.
Nifty finds strong support at 5200 , nifty can be bought at 5260 -5230 with stop loss of 5190 for the target of 5390.
Thursday, November 3, 2011
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.
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.
Wednesday, November 2, 2011
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.
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.
Tuesday, November 1, 2011
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.
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.
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