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.
Thursday, December 29, 2011
Wednesday, December 28, 2011
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.
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.
Tuesday, December 27, 2011
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.
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.
Monday, December 26, 2011
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.
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.
Sunday, December 25, 2011
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.
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.
Thursday, December 22, 2011
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.
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.
Wednesday, December 21, 2011
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.
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.
Tuesday, December 20, 2011
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.
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.
Monday, December 19, 2011
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.
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.
Sunday, December 18, 2011
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.
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.
Friday, December 16, 2011
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.
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.
Wednesday, December 14, 2011
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.
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.
Tuesday, December 13, 2011
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.
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.
Monday, December 12, 2011
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.
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.
Sunday, December 11, 2011
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.
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.
Thursday, December 8, 2011
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.
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.
Wednesday, December 7, 2011
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
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
Tuesday, December 6, 2011
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.
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.
Sunday, December 4, 2011
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
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
Thursday, December 1, 2011
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.
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.
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