01/01/2013 Trading View

Nifty closed at 5905 for the year . Nifty is up 27 percent for the year.

Nifty is at crucial stage its finding difficult to cross 5950.

For moving further in the upside Nifty has to cross 5965 on closing basis .

Until that Nifty can be shorted up to 5950 by keeping stop loss of 5970 for the target of 5845 and further.

Nifty on breaking below 5840 it can go towards 5700.

31/12/2012 Trading View

Nifty closed at 5908 for the week.

Nifty is still stuck in the range of 5825-5965 only on break of any of this level the next move will be there.

As today is the last trading day of this year stock hunting will be there to increase the NAV so we can expect some move in stock specific.

Nifty on breaking 5965 can go towards 6100 and in down side breaking below 5825 can go towards 5700.

28/12/2012 Trading View

Nifty made a high of 5930 low of 5864 and closed at 5870 which is 35 points down from previous close.

Nifty has fall at last 30 minutes and it has maintained above 5825 for the whole expiry.

If in today's trade if in crosses below 5825 then it can go towards 5777 and further to 5700.

27/12/2012 Trading View

Nifty made a low of 5859 high of 5917 and closed at 5905 which is 49 points up from previous close.

Nifty made a good bounce from 5859 and its maintaining the support of 5840.

As Nifty is having Trendline resistance in the hourly chart it can be considered buying Nifty 5900PE if it comes to 5934 level it will be available for Rs5 and we can wait for Rs24. This is applicable only for today's trading only as today its FNO settlement.

26/12/2012 Trading View

Nifty closed at 5855.
Nifty is ranging between 5825-5965 from the beginning of this expiry . We can expect a breakout at any of the side in this week so trade cautiously with strict stop loss.

Breaking of 5825 will lead towards 5750 and further. and Breaking above 5965 will lead towards 6100.

24/12/2012 Trading View

Nifty closed at 5847 for the week
Nifty is ranging between 5825-5965 from the beginning of this expiry . We can expect a breakout at any of the side in this week so trade cautiously with strict stop loss.

Breaking of 5825 will lead towards 5750 and further. and Breaking above 5965 will lead towards 6100.

21/12/2012 Trading View

Nifty made a low of 5881 high of 5937 and closed at 5916 which is 13 points down from previous close.

Nifty is still struck in the range .
Nifty will have support at 5880 and the next support comes at 5840.
The resistance comes at 5965 on crossing above this it can go towards 6100.

20/12/2012 Trading View

Nifty made a low of 5910 high of 5939 and closed at 5929 which is 32 points up from previous close.

Nifty opened gap up and was range bounding for the day.

Nifty will have support at 5900 and the next support comes at 5840.
The resistance comes at 5965 on crossing above this it can go towards 6100.

19/12/2012 Trading View

Nifty made a low of 5823 high of 5905 and closed at 5896 which is 39 points up from previous close.

Nifty made a good come back from the low and closed near the high.

Nifty on crossing 5905 will go towards 5950 on further.

Nifty finds support at 5823.

18/12/2012 Trading View

Nifty made a high of 5886 low of 5850 and closed at 5857 which is 21 points down from previous close.

Nifty has struck in a range bound mode. Today it will get the answer for that from the RBI's monetary policy announcement.

Nifty is having support at 5840 and the resistance comes at 5950
A move below 5840 will take Nifty to wards 5777 and further and a move above 5950 will take towards 6000 and further.

Today we can expect lot of volatility so trade with strict stop losses.

17/12/2012 Trading View

Nifty made a low of 5839 high of 5886 and closed at 5879 which is 28 points up from previous close.

Nifty made a double bottom level at 5840 which makes 5840 level as stronger on can be bullish until this level is not broken.

So we can consider buying at this level by keeping 5830 as stop loss for the target of 5900 , 5945 and further.

14/12/2012 Trading View

Nifty made a high of 5907 low of 5841 and closed at 5851 which is 36 points down from previous close.

Nifty has tested the 5841 and took support .

As today Inflation data is getting released there will be lot of volatility.

The next support for Nifty comes at 5777.

13/12/2012 Trading View

Nifty made a high of 5924 low of 5874 and closed at 5888 which is 10 points down from previous close.

Nifty will find support at 5840-5865 and resistance at 5950.

On going below will take Nifty towards 5770 and on closing above 5950 it will go towards 6100.

12/12/2012 Trading View

Nifty made a high of 5965 low of 5865 and closed at 5898 which is 10 points down from previous close.

Nifty crossed 5950 but it was not able to sustain over there.

Nifty will find support at 5840 and 5770.

Nifty on closing above 5950-5980 will lead towards 6100.

11/12/2012 Trading View

Nifty made a low of 5888 high of 5919 and closed at 5908 which is 1 point up from previous close.

Nifty finds support at yesterday's high .

The support for the Nifty comes at 5835 and the resistance comes at 5950.

A move above 5950 will take Nifty towards 6000 and 6080.

As the trend is positive any dips can be considered for buying .

If Nifty comes to 5840 or 5800 it can be considered buying by keeping 5785 as stop loss for the target of 5945 and further.

10/12/2012 Trading View

Nifty closed at 5907 for the week .

The support for the Nifty comes at 5835 and the resistance comes at 5950.

A move above 5950 will take Nifty towards 6000 and 6080.

As the trend is positive any dips can be considered for buying .

If Nifty comes to 5840 or 5800 it can be considered buying by keeping 5785 as stop loss for the target of 5945 and further.

07/12/2012 Trading View

Nifty made a low of 5838 high of 5942 and closed at 5930 which is 30 points up from previous close.

Nifty came to the support level as we discussed yesterday and made a spectacular rally from there.

Nifty will find resistance at 5950 on closing above this it will take the Nifty towards 6000 and further.

06/12/2012 Trading View

Nifty made a high of 5917 low of 5891 and closed at 5900 which is 11 points up from previous close.

Nifty is holding the bullish momentum and still bulls are intact .

Nifty will find support at 5880 and 5850 .

Any dip near this zone can be considered buying by keeping 5840 as stop loss for the target of 5940 and further.

05/12/2012 Trading View

Nifty made a low of 5859 high of 5894 and closed at 5889 which is 18 points up from previous close.

Nifty made a bullish engulfing candle which shows still bullish momentum is there.

Until holding of 5850 Nifty will go towards 5950.

04/12/2012 Trading View
Nifty made a high of 5899 low of 5854 and closed at 5870 which is 8 points down from previous close.

On crossing 5900 Nifty will go towards 5950 and move below will take Nifty towards 5800.

Until holding of 5700 Nifty will be bullish.

03/12/2012 Trading View

Nifty closed at 5879 for the week. This week Nifty made a tremendous move of 4.5%.

The next resistance for the Nifty comes at 5950.

The support comes at 5815.

30/11/2012 Trading view

Nifty made a low of 5736 high of 5833 and closed at 97 points which is 97 points up from previous close.

Nifty has closed above 5811 which will take Nifty towards 5950.

Any dip up to 5750 can be considered buying.

29/11/2012 Trading View

Nifty closed at 5727 .

Now the resistance comes at 5750 on closing above this will take Nifty towards 5900.

AS today is F&O expiry trade cautiously.

27/11/2012 Trading View

Nifty made a high of 5649 low of  5623 and closed at 5635 which is 9 points up from previous close.

Nifty finds resistance at 5650 and support at 5550.

It can be considered shorting below 5650 by keeping 5670 as stop loss for the target of 5600 , 5550 and further.

26/11/2012 Trading View

Nifty closed at 5626 for the week.

Nifty finds support at 5550 and the resistance at 5650.

Until Nifty is below 5650 it can be shorted by keeping stop loss at 5660 for the target of 5580 , 5550 and further.

22/11/2012 Trading View

Nifty made a low of 5561 high of 5620 and closed at 5614 which is 43 points up from previous close.

Nifty has recovered well from the support zone and crossed 5600 now there is a minor resistance of 5630 on crossing this Nifty can go towards 5700.

its having support at 5550.

21/11/2012 Trading View

Nifty made a high of 5613 low of 5548 and closed at 5571 which is flat from yesterday's close.

Nifty is having good support at 5550 . On breaking 5540 it can go towards 5450.

Until Nifty below 5630 its in bearish only.

20/11/2012 Trading View

Nifty made a high of 5592 low of 5549 and closed at 5571 which is 2 points down from previous days close.

Nifty is below 5585 which is a bearish sign

Until its not going above 5600 every rise can be shorted by keeping 5605 as stop loss for the target of 5550 , 5520 and 5450.

19/11/2012 Trading View

Nifty closed at 5574 for the week which shows bears are intact

The resistance comes at 5590 So if any rise up to this can be shorted by keeping 5590 as stop loss for the target of 5560 , 5530 and further to 5450.

16/11/2012 Trading View

Nifty made a high of 5651 low of 5603 and closed at 5631 which is 35 points down from previous close.

Nifty is having support at 5580 and now it took support at 5600 and started moving until holding 5580-5600  Nifty will move further towards 5680.

15/11/2012 Trading View

Nifty has closed at 5666.

Nifty is having support at 5650 and the next support comes at 5580.

Nifty is expected to consolidate before making any further move.

It can be considered buying near 5650 by keeping 5640 as stop loss for the target of 5700.

12/11/2012 Trading View

Nifty made a high of 5751 low of 5677 and closed at 5686 which is 52 points down from previous close.

Nifty is still holding the support of 5680  Now we can consider the support at 5670 until holding this we can expect the move towards 5750 and 5800.

09/11/2012 Trading view

Nifty made a low of 5705 high of 5744 and closed at 5738 which is 21 points down from previous close.

Nifty is having support at 5700-5680 until Nifty holding this level there is possibility for Nifty to test 5800 and further.

So any drop up to  5680 can be considered for buying by keeping 5675 as stop loss for the target of 5750 , 5800 and further.

08/11/2012 Trading View

Nifty made a low of 5711 high of 5777 and closed at 5760 which is 35 points

Nifty crosses the 5730 resistance zone and surpassed 5750 also now the Next target for Nifty will be 5800.

If Nifty comes Near 5730 it can be bought by keeping 5715 as stop loss for the target of 5800 and further.

07/11/2012 Trading View

Nifty made a low of 5693 high of 5730 and closed at 5724 which is 20 points up from previous close.

Nifty has formed a bull candle and has reached the target of 5720
Now the resistance comes at 5735 on crossing this Nifty can move further towards 5800 and 5900.

06/11/2012 Trading View

Nifty made a low of 5679 high of 5709 and closed at 5704 which is 6 points up from previous close.

Nifty took support at 5679 as of yesterdays post those who bought can maintain the stop loss of 5675 for the target of 5720 , 5800 and further.

05/11/2012 Trading View

Nifty made a gap up open and made a low of 5682 high of 5711 and closed at 5697 which is 52 points up from previous close.

Nifty made a gap up open which is a positive sign if in the same stretch if it goes and closes above 5724 Then it can go towards 5800 and 5900.

If Nifty comes near 5683 it can be considered buying by keeping 5675 as stop loss for the target of 5720 and further.

02/11/2012 Trading View

Nifty made a low of 5601 high of 5649 and closed at 5645 which is 25 points up from previous close.

Nifty crosses 5640 which is a positive sign for the market the next hurdle comes at 5684 and after that it will go towards 5720.

Until not going below 5580 Nifty will be heading towards 5720 and further.

01/11/2012 Trading View

Nifty made a low of 5583 high of 5624 and closed at 5619 which is 21 points up from previous close.

Nifty is finding support at 5580. Nifty will find resistance at 5640.

On crossing this 5640 Nifty can go towards 5690.

On going below 5580 it can go towards 5540.

As of now Nifty is loosing its bearish momentum.

31/10/2012 Trading View

Nifty made a high of 5689 low of 5589 and closed at 5597 which is 67 points down from previous close.

Nifty has broken 5630 and formed a bear candle.

Until unless not moving above 5630 Nifty will go towards 5540.

The support zone comes at 5590 and 5540.

The resistance comes at 5630 and 5690.

30/10/2012 Trading View

Nifty made a low of 5645 high of 5698 and closed at 5665 which is 1 point up from previous close.

Nifty is still  stuck  in the range of 5730-5635 today is 14th consecutive session.

As Today is the monetary policy announcement today the trend will get decided.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

So one can trade accordingly.

29/10/2012 Trading View

Nifty made a low of 5641 high of 5697 and closed at 5664 which is 41 points down from previous close.

Nifty is still  stuck  in the range of 5730-5635 today is 13th consecutive session.

Only a break above or below this will make the Nifty to move further.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

25/10/2012 Trading View

Nifty made a high of 5720 low of 5681 and closed at 5691 which is 25 points down from previous close.

Nifty is still  stuck  in the range of 5730-5635 today is 11th consecutive session.

Only a break above or below this will make the Nifty to move further.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

23/10/2012 Trading View

Nifty made a low of 5658 high of 5721 and closed at 5717 which is 32 points up from previous close.

Nifty is still trading in the band of 5730-5635 today is 10th consecutive session.

Only a break above or below this will make the Nifty to move further.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

22/10/2012 Trading View

Nifty made a high of 5711 low of 5660 and closed at 5684 which is 34 points down from previous close.

Nifty is moving with in the range of 5635-5750 for past 9 days.

Only on break of this there will be further move.

On breaking 5750 It can go towards 5900 and on breaking 5635 it can go towards 5535 and further.

Monday Nifty is expected to open gap down if it opens below 5635 it can go don further.

19/10/2012 Trading View

Nifty made a low of 5650 high of 5722 and closed at 5718 which is 58 points up from previous close.

Nifty is moving in the range of 5640-5750 for past 8 trading session only on close above or below this level make the Nifty to move on either side.

On breaking of 5750 will lead Nifty towards 5825 .
And on breaking below 5640 will take Nifty towards 5550.

18/10/2012 Trading View

Nifty made a high of 5684 low of 5633 and closed at 5660 which is 12 points up from previous close.

Nifty came down below 5640 but some how managed to close above 5640.

Still in any rise up to 5720 it can be shorted by keeping 5735 as stop loss for the target of 5640 , 5590 and 5550 and further.

17/10/2012 Trading View

Nifty made a high of 5714 low of 5635 and closed at 5648 which is 39 points down from previous close.

Nifty made a bearish engulfing candle which gives bearish sign.

On breaking of 5635 Nifty can go towards 5600 , 5580 , and 5520.

Any up move up to 5720 can be considered shorting by keeping 5730 as stop loss for the target of 5635 , 5600 , 5580 , 5520.

16/10/2012 Trading View

Nifty made a low of 5651 high of 5693.7 and closed at 5687.25 which is 11 points up from previous close.

Nifty find resistance between 5705-5730. Support comes at 5640.

On breaking of 5640 Nifty can go towards 5550 , 5420.

Any up move up to 5720 can be considered shorting by keeping stop loss of 5735 for the target of 5650 , 5600 , 5550 and further.

15/10/2012 Trading View

Nifty made a high of 5752 low of 5659 and closed at 5676 which is 32 points down from previous close.

Nifty is trading in the range of 5670-5750. Only on breaking any of this side Nifty will move further on that direction.

In the Nifty weekly chart It has formed a bearish engulfing candle which gives bearish sign.

So on breaking 5640 it will confirm and it will move towards 5550 and to 5420.
So any rise up to 5750 can be utilized for shorting by keeping 5760 as stop loss for the target of 5670 , 5640 , 5550 and further.

12/10/2012 Trading View

Nifty made a low of 5636 high of 5621 which is 55 points up from previous close.

Nifty took support at 5636 yesterday we said at 5640 .

Now the resistance comes at 5750 and the support comes at 5670.

On breaking of either side the move will be there on breaking of 5750 it will move towards 5950 and ob breaking below 5670 it will move towards 5530.

11/10/2012 Trading View

Nifty made a high of 5686 low of 5647 and closed at 5652 which is 52 points down from previous close.

Nifty formed a bear candle.

Nifty will find minor support at 5640 on breaking this it can go towards 5530.

Any rise from here can be considered for shorting Nifty by keeping stop loss at 5750.

10/10/2012 Trading View

Nifty made a low of 5677 high of 5728 and closed at 5704 which is 28 points up from previous close.

Nifty has formed a doji or harami candle which gives bearish continuation.

On breaking of 5666 it will go towards 5590.

Any up move up to 5750 can be considered for shorting by keeping 5760 as stop loss for the target of 5690 ,5666 , 5620.

09/10/2012 Trading View

Nifty made a high of 5751 low of 5666 and closed at 5676 which is 70 points down from previous close.

Nifty came up to the resistance of 5751 and fall from there and made a bear candle.

Now Nifty on going below 5666 will move towards 5590.

And the resistance comes at 5750.

08/10/2012 Trading View

Nifty closed at 5746 for the week.

Nifty will find support in the area of 5690-5740. and the resistance comes at 5780.

On breaking of 5690 Nifty will come up to  5630.

05/10/2012 Trading View

Nifty made a low of 5751 high of 5807 and closed at 5787 which is 56 points up from previous close.

Nifty will find support at 5750 until holding this there wont be any further fall.

Now Nifty will move towards 5900.

Any dip near by 5750 can be consider for  buying by keeping 5715 as stop loss for the target of 5850 ,5900.

04/10/2012 Trading View

Nifty made a low of 5715 high of 5743 and closed at 5731 which is 12 points up from previous close.

Nifty will find resistance at 5750. The support comes at 5690.

On breaking of 5690 will confirm short term bearishness and will move towards 5638 and to 555.

02/10/2012 Trading View

Nifty made a low of 5694 high of 5722 and closed at 5718 which is 15 points up from previous close.

Nifty will find resistance between 5720-5750 on clearing this zone it will move towards 5900.

Nifty will find support at 5635 on breaking this Nifty will go down up to 5550.

01/10/2012 Trading View

Nifty made a high of 5735 low of 5683 and closed at 5703 which is 53 points up from previous close.

Nifty went above 5720 but it was not able to close above it.

Nifty will find support at 5635 and the resistance comes at 5720 , 5750 on crossing this Nifty can move towards 5900.

28/09/2012 Trading View

Nifty made a high of 5693 low of 5639 and closed at 5649 which is 13 points down from previous close.

Nifty could not stay above 5690 and it declined from there to 5639.

Nifty finds resistance at 5700 and the support comes at 5620.

On breaking of 5620 Nifty will reach 5550.

So any rise up to 5690 can be shorted by keeping 5710 as stop loss for the target of 5550.

27/09/2012 Trading View

Nifty made a high of 5672 low of 5638 and closed at 5663 which is 10 points down from previous close.

Nifty is consolidating for the past three days and its not able to make a decisive move on either side.

On going below 5620 Nifty will go towards 5550. and on going above 5680 Nifty will go towards 5750 and further.

26/09/2012 Trading View

Nifty made a high of 5702 low of 5652 and closed at 5673 which is 4 points up from previous close.

Nifty has consolidated for the second day.

Nifty has the support at 5650 resistance at 5677 .

The channel support comes at 5625 and the channel resistance comes at 5755.

25/09/2012 Trading View

Nifty made a high of 5709 low of 5662 and closed at 5671 which is 19 points down from previous close.

Nifty is taking breathe after a long run now on crossing 5710-5750 it can go towards 5950.

or on going below 5660-5650 it can go towards 5581.
Probability is higher on the upside.

24/09/2012 Trading View

Nifty made a low of 5575 high of 5720 and closed at 5691 which is 136 points up from previous close.

Nifty made a big bull candle and surpassed 5650 now this will act as support.

The resistance comes at 5750 on crossing 5750 Nifty can go towards 5900.

21/09/2012 Trading View

Nifty made a low of 5534 high of 5581 and closed at 5554 which is 45 points down from previous close.

Nifty finds resistance at 5585 and support comes at 5520.

Until holding of 5520 bulls are in safe zone. If it breaks 5520 it will go towards 5450.

In upper side 5650 acts as resistance on breaking this it can go towards 5750 and further.

20/09/2012 Trading View

Nifty made a high of 5620 low of 5586 and closed at 5600 which is 9 points down from previous close.

Nifty is having support at 5585 and finds resistance at 5625.

On breaking 5585 it can move towards 5530 and above 5625 it can move towards 5650 and 5750.


One can buy Nifty around 5590-5610 by keeping stop loss at 5580 for the target of 5750.

18/09/2012 Trading View

Nifty made a low of 5585 high of 5652 and closed at 5610 which is 32 points up from previous close.

Nifty made 52 week high of 5652 and it finds resistance there. It seems its loosing some momentum.

Nifty finds minor support at 5585 .

And on crossing 5652 it can move towards 5750.

17/09/2012 Trading View

Nifty made a low of 5526 high of 5586 and closed at 5577 which is 142 points up from previous close.

Nifty made a gap up open and made a big bull candle.

Now Nifty will move towards 5630. Support comes at 5526.

As Today is RBI monetary policy meet the announcement will decide further move. We can expect lot of volatility today.

14/09/2012 Trading View

Nifty made a low of 5421 high of 5447 and closed at 5435 which is 4 points up from previous close.

Nifty made a doji candle and its loosing the bullish momentum slowly.

Nifty finds support at 5420 ,5390-5330.
Resistance comes at 5450 on crossing this Nifty can go up to  5500.

13/09/2012 Trading View

Nifty made a low of 5393 high of 5435 and closed at 5431 which is 41 points up from previous close.

Nifty has formed bull candle and has surpassed 5400 which is bullish sign.

Now the resistance comes at 5450 on crossing this Nifty can move towards 5500.

Support comes at 5390 and 5330.

12/09/2012 Trading View

Nifty made a low of 5332 high of 5393 and closed at 5390 which is 26 points up from previous close.

Nifty opened gap down and filled the gap and made a good move by making bull candle.

Nifty will find resistance at 5400 on closing basis. or 5435 on intra day basis.

Nifty can be considered shorting by keeping 5435 as stop loss for the target of 5333 , 5300 and further.

Support comes at 5333 and 5300.

11/09/2012 Trading View

Nifty made a low of 5349 high of 5375 and closed at 5363 which is 4 points up from previous close.

Nifty is loosing its bullish  momentum , Its facing resistance between 5375-5400.

One can consider shorting Nifty at rise between 5365-5375 by keeping 5405 as stop loss or below 5347 for the target of 5220.

10/09/2012 Trading View

Nifty made a low of 5343 high of 5366 and closed at 5358 which is 16 points up from previous close.

Nifty has retraced 61.8 % from the previous down move. It can go up to  78.6% which comes at 5398.

This can end any where between 5360-5400.

07/09/2012 Trading View

Nifty made a low of 5217 high of 5260 and closed at 5238 which is 12 points up from previous close.

Nifty made a minor pullback but gave up its gain at last.

Nifty is holding the yesterday's low of 5215 so until that there is no further down move.

Those who have bought Nifty can hold by keeping 5190 as stop loss for the target of 5350 and further.

5280 acts as resistance on crossing above this Nifty will reach 5350.

06/09/2012 Trading View

Nifty made a high of 5259 low of 5215 and closed at 5225 which is 48 points down from previous close.

Nifty filled the gap region and halted there for the day and formed a bear candle.

Nifty will find support at 5190-5215 until holding this level Nifty wont have any further selling.

In the upside Nifty has to cross 5240 and 5280 these are the hurdles on crossing this Nifty can go up to 5350.

05/09/2012 Trading View

Nifty made a low of 5233 high of 5278 and closed at 5274 which is 20 points up from previous close.

Nifty made a come back and good move after making a low of 5233.

Now on moving above 5280 Nifty will move towards 5350 and further.

It will find minor resistance at 5300.

If any dip comes up to 5220 it can be considered buying by keeping 5190 as stop loss.

04/09/2012 Trading View

Nifty made a high of 5295 low of 5243 and closed at 5253 which is 4 points down from previous close.


On coming below 5238 Nifty is expected to fill the gap of 5220.

Nifty is expected to take support at 5220-5200. So if Nifty comes to this place Nifty can be bought by keeping 5190 as stop loss for the target of 5300 , 5350 and further.

Those who are risk takers can Buy Nifty at current level between 5238-5250 by keeping stop loss at 5190 for the target of 5350 and further.

03/09/2012 Trading View

Nifty made a high of 5303 low of 5238 and closed at 5258 which is 56 points down from previous close.

Nifty formed a bear candle and filled half of the gap between 5260-5220.

On coming below 5238 Nifty is expected to fill the gap of 5220.

Nifty is expected to take support at 5220-5200. So if Nifty comes to this place Nifty can be bought by keeping 5190 as stop loss for the target of 5300 , 5350 and further.

Those who are risk takers can Buy Nifty at current level between 5238-5250 by keeping stop loss at 5190 for the target of 5350 and further.

31/08/2012 Trading View

Nifty made a low of 5255 high of 5342 and closed at 5315 which is 27 points up from previous close.

The expiry day found whipsaw movement  .

Nifty finds resistance at 5350 , so if Nifty comes to 5350 it can be shorted by keeping 5370 as stop loss for the target of 5270 , 5255 and further.

30/08/2012 Trading View

Nifty made a high of 5345 low of 5282 and closed at 5287 which is 46 points down from previous close.

Nifty has closed below 5300 now the support comes at 5260-5220.

The resistance comes at 5312.

Today Nifty can test 5260. As today is the F&O settlement we can expect lot of volatality.

29/08/2012 Trading View

Nifty made a high of 5359 low of 5312 and closed at 5334 which is 15 points down from previous close.

Nifty took support at 5312 the area between 5320-5290 acts as support area.

Resistance comes at 5360 and 5380

So any rise up to 5375 can be shorted by keeping 5390 as stop loss for the target of 5320 , 5290 and further.

Nifty made a high of 5399 low of 5346 and closed at 5350 which is 36 points down from previous close.

Nifty has formed a bear candle and it broke the level of 5380 and came down slowly.

Now Nifty will find resistance at 5370-5386 and the support comes at 5340.

So today if Nifty comes to 5370-5386 it can be shorted by keeping 5405 as stop loss for the target of 5345 , 5305 , 5270 and further.

27/08/2012 Trading View

Nifty made a high of 5399 low of 5371 and closed at 5386 which is 28 points down from previous close.

Nifty has broken the channel line and closed below 5394 which is bearish sign.

Nifty can be shorted below 5400 by keeping 5417 as stop loss for the target of 5350 , 5300 and further.

24/08/2012 Trading view

Nifty made a high of 5448 low of 5393 and closed at 5415 which is 2 points up from previous close.

Nifty found resistance at 5450 as said in yesterday's post.

Nifty found support at 5393.

Nifty can be shorted at 5450 by keeping 5460 as stop loss for the target of 5395 , 5350 ,5300 and further.

22/08/2012 Trading View

Nifty made a low of 5368 high of 5425 and closed at 5421 which is 54 points up from previous close.

Nifty formed a bull candle .

Nifty has closed above 5380 and surpassed the 5400.

Now Nifty will find resistance at 5450 on closing basis.

19/08/2012 Trading View

Nifty made a high of 5399.95 low of 5341.7 and closed at 5366 which is 3 points up from previous close.

Nifty formed a doji candle which shows the trend reversal.

As said previously Nifty found resistance at 5400 now it will move towards 5260 and 5220.

Any rise up to 5400 can be considered for shorting by keeping 5410 as stop loss for the target of 5335 , 5300 , 5280 and further.

17/08/2012 Trading View

Nifty made a high of 5390 low of 5356 and closed at 5362 which is 17 points down from previous close.

Nifty is loosing its bullish momentum and it formed a bear candle.

Nifty found resistance at 5390 so one can consider shorting below this by keeping stop loss at 5405 for the target of 5335 , 5305 and further.

16/08/2012 Trading View

Nifty made a low of 5328 high of 5387 and closed at 5380 which is 32 points up from previous close.

Nifty has formed a bull candle and it took support at 5330.

Now Nifty on crossing 5390 can move towards 5450.

And in the down side support comes 5330-5300 on going below this it can go up to 5220.

14/08/2012 Trading View

Nifty made a low of 5309 high of 5352 and closed at 5347 which is 27 points up from previous close.

Nifty raised today with very less volume which is not convincing.

Nifty supply zone is in between 5350-5380 and the support comes at 5308.

If Nifty comes to 5310 it can be bought by keeping 5290 as stop loss for the target of 5350 ,5380 and further.

13/08//2012 Trading View

Nifty made a high of 5330 low of  5294 and closed at 5320 which is 2 points down from previous close.

Nifty is finding resistance at 5330 so one can consider shorting at this level by keeping 5340 as stop loss for the target of 5300 , 5270 and further.

On the other side if Nifty goes above 5340 it can be considered buying at 5340 by keeping stop loss at 5320 for the target of 5375 , 5400 and further.

Nifty has support at 5260 on breaking this it can start filling the gap up to 5220.

10/08/2012 Trading View

Nifty made a high of 5368 low of 5312 and closed at 5322 which is 15 points down from previous close.

Nifty broke the 5330 so now Nifty can come towards 5294 and to 5280.

Nifty has resistance at 5340 so one can consider shorting at 5340 by keeping stop loss at 5355 for the target of 5300 and 5280.

Support zone comes between 5280-5260 on breaking this regions Nifty can go towards 5220.

09/08/2012 Trading View

Nifty made a high of 5377 low of 5331 and closed at 5338 which is 1 point up from previous close.

After 3 day of rise Nifty came to a halt now Nifty seems to be reversing .

Nifty finds resistance at 5380.

On breaking below Nifty can move towards 5280-5260 So any rise up to 5370 can be shorted by keeping 5380 as stop loss for the target of 5330 and 5280.

Support comes at 5280 on breaking this Nifty will move towards 5220.

08/08/2012 Trading view

Nifty made a low of 5281 high of 5350 and closed at 5336 which is 54 points up from previous close .

Nifty made a bull candle and closed the previous gap area.
Now on crossing 5355 Nifty can move towards 5400 and 5444.
Until holding of 5280 Nifty can attain 5400 and 5444.

07/08/2012 Trading view

Nifty made a low of 5260 high of 5293 and closed at 5282 which is 66 points high from previous close.

Nifty opened gap up and maintained the gap through out the day.

Nifty is finding resistance at 5300 , Nifty finds support at 5260-5240.

Nifty is struggling to cross the 5300 zone. Until holding of 5260 it can go towards 5350.

Major support comes at 5220.

06/08/2012 Trading View

Nifty made a low of 5164 high of 5220 and close at 5215 which is 12 points down from previous close.

During the opening Nifty opened below 5210 and made a low of 5164 but in the second half it some how managed to close above 5210.

Now on going above 5220 it can go towards 5267 , 5300 and to 5350.

In downside it will find support at 5160.

Any dip up to 5160 can be considered for buying for the target of 5300 and to 5350.

03/08/2012 Trading View

Nifty made a low of 5209 high of 5236 and closed at 5227 which is 12 points down from previous close.

Nifty find support at 5210 until holding of 5210 there wont be any further down side.

Nifty finds resistance at 5257 on breaking this Nifty can go towards 5300 and 5350.

On breaking of 5210 Nifty can go towards 5150.

02/08/2012 Trading View

Nifty made a low of 5212 high of 5246 and closed at 5240 which is 11 points up from previous close.

As Nifty is not able to have a follow on move bullish is loosing its momentum so any dip below 5210 will take Nifty to downward direction.

Nifty has support at 5210 and 5150  and the resistance comes at 5250.

On crossing of 5250 Nifty can go towards 5300 . Until holding of 5210 bulls will be intact.

Breaking of 5210 will take down to 5150 and further.

01/08/2012 Trading view

Nifty made a low of 5154 high of 5234 and closed at 5229 which is 29 points  up from previous close.

Nifty finds resistance at 5267 and 5300. The support comes at 5150. Until holding of  5150 there wont be any further fall.

Nifty is in bullish on crossing of 5235 it can go towards 5300.

31/07/2012 Trading view

Nifty made a low of 5129 high of 5206 and closed at 5199 which is 99.95 points up from previous close.

Nifty made a big bull candle and closed the gap region 5170-5200 .

Now the supply zone is at 5230 and the support comes at 5150.

Today RBI monetary policy is scheduled so the outcome of the meet will decide further move.

On crossing 5230 Nifty will move towards 5267 , 5300 and to 5350.

The market seems to be bullish. towards 5350.

30/07/2012 Trading View

Nifty made a high of 5150 low of 5077 and closed at 5100 which is 56 points up from previous close.

Nifty made a gap up open and filled the gap during the day. Nifty have the resistance in the area between 5150-5190 which will be hurdle for the Nifty to cross. On crossing this it can go towards 5350.

As this week today we have RBI monetary policy meet and FOMC meeting is scheduled the result of the meet will decide the further move.

Nifty has the support at 5076 and another  support at 5020 . If Nifty breaks 5020 it can turn to bear phase and it can go towards 4850.

27/07/2012 Trading View

Nifty made a high of 5126 low of 5032 and closed at 5043 which is 66 points down from previous close.

Nifty started declining from the beginning and got accelerated in the last one hour.

Nifty has breached the 200 & 50 DMA but until holding of 5020 will avoid the market on further declining .

So one can consider buying Nifty around 5020 - 5050 by keeping stop loss below 5000 for the target of 5125 and further.

26/07/2012 Trading View

Nifty made a low of 5076 high of 5121 and closed at 5109 which is 18 points down from previous close.

Nifty finds support at 50 and 200 DMA and closed well above that so we can consider bulls are intact until holding of 5070.

So one can consider going long above 5125 by keeping stop loss below 5100 risk players can keep stop loss at  5070 for the target of 5170 , 5200 and further.

25/07/2012 Trading View

Nifty made a high of 5144 low of 5103 and closed at 5128 which is 10 points up from previous close.

Nifty made a doji candle that also near by 200 DMA which shows bears are loosing momentum.

Nifty finds resistance at 5145 and it finds support at 5100.

So one can consider buying Nifty in between 5100-5120 with stop loss of 5090 for the target of 5170 , 5200 and further.

24/07/2012 Trading View

Nifty made a high of 5164 low of 5108 and closed at 5117 which is 87 points down from previous close.

Nifty opened gap down and was not able to close the gap in the whole day Nifty formed a bear candle.

Now Nifty has support at 5095 so one can consider going long in between 5100-5120 by keeping 5090 as stop loss for the target of 5165 and 5195.

23/07/2012 Trading view

Nifty made a high of 5238 low of 5197 and closed at 5205 which is 37 points down from previous close.

Nifty finds resistance at 5240 and finds support at 5200.

And the market seems to be bearish so if Nifty comes around 5240 it can be shorted by keeping 5270 as stop loss for the target of 5200 and 5160.

19/07/2012 Trading View

Nifty made a low of 5169 high of 5222 and closed at 5216 which is 23 points up from previous close.

Nifty took support at 5169 and bounced well from there . Now the resistance comes at 5242 and between 5270-5300 .

Until closing above 5300 Nifty is in down trend only.

So any rise can be considered for shorting by keeping 20 points as stop loss for the target of 5160 and further.

18/07/2012 Trading View

Nifty made a high of 5236 low of 5181 and closed at 5192 which is 4 points down from previous close.

Nifty came to the support zone of 5190-5160 from here it can consolidate for some time before making any further move.

5240 acts as resistance and 5270-5300 also acts as a supply zone.

If Nifty comes to 5240 it can be shorted with stop loss of 5270 for the target of 5190 -5160 and further.

17/07/2012 Trading View

Nifty made a high of 5246.85 low of 5190 and closed at 5197 which is 30 points down from previous close.

Now Nifty finds resistance at 5240 and the support comes at 5190-5160.

So if Nifty comes to 5240 it can be shorted  with stop loss of 5270 for the target of 5190 , 5160 and further.

On breaking of 5160 Nifty can move towards 5130.

16/07/2012 Trading View

Nifty made a high of 5267 low of 5216 and closed at 5227 which is 8 points down from previous close.

Nifty is facing resistance in  between 5270 and 5300 as that was the gap zone.

So if Nifty comes in between 5265 and 5300 it can be shorted with stop loss of 5315 for the target of 5216 , 5190 and further.

13/07/2012 Trading View

Nifty made a high of 5261 low of 5217 and closed at 5235 which is 71 points down from previous close.

Nifty opened gap down below the previous support level of 5260 now this becomes resistance.
Now any move near by this can be shorted by keeping 5275 as stop loss for the target of 5210.
The support zone comes at 5190-5160.
5300-5350 will be a major hurdle for the Nifty.

12/07/2012 Trading View

Nifty made a low of 5300 high of 5336 and closed at 5306 which is 39 points down from previous close.

Nifty found support at 5300 for the day and moved in a narrow range for the whole day. The next support  comes at 5255below this it can go towards 5190-5160.

The resistance comes at 5350-5370. on breaking this it can go towards 5450 and further.

As today is the result of the IT giant INFY and TCS the whole market will be based on the result only.So trade accordingly.

11/07/2012 Trading View

Nifty made a low of 5284 high of 5348 and closed at 5345 which is 70 points up from previous close.

Nifty made a slow and steady move for the day and surpassed the 5335 now 5330-5300 area will act as support zone.

The Resistance comes at 5380 on crossing this Nifty can move towards 5500-5500.

Nifty can be considered buying near by 5330 by keeping 5290 as stop loss for the target of 5370 and further.

10/07/2012 Trading View

Nifty made a high of 5300 low of 5257 and closed at 5275 which is 41 points down from previous close.

Nifty has broken 5260 but some how managed to close above this .So still bull is intact.

Breaking of 5255 will go towards 5190-5160. So if Nifty dips around this region it can be considered by keeping 5150 as stop loss for the target of 5300 and further.

09/07/2012 Trading View

Nifty made a low of 5287 high of 5327 and closed at 5316 which is 10 points down from previous close.

Nifty has consolidated for the past five trading sessions and it has moved in between 5263-5333 in these days. For any further move it has to break any of these.

Nifty has support in between 5287-5260 on breaking this Nifty can go towards 5190-5160.

Nifty finds resistance at 5333 on breaking this it can move towards 5400.

Any dip can be considered for buying up to 5170  by keeping 5150 as stop loss for the target of 5330 , 5400 and further.

06/07/2012 Trading View

Nifty made a low of 5288 high of 5333 and closed at 5327 which is 24 points up from previous close.

Nifty will find support at 5300 and 5270 and the resistance comes at 5350 and 5400.

Any dip near by 5270 can be considered for buying by keeping 5255 as stop loss for the target of 5350.

Above 5350 will lead Nifty towards 5400 and further.

05/07/2012 Trading View

Nifty made a low of 5273 high of 5317 and closed at 5302 which is 14 points up from previous close.

Nifty is consolidating for the past three days , Its moving with in the range of 5263 and 5317.

Nifty finds support at 5260 on breaking of this Nifty can go towards 5190-5160 . So any dip around this region can be considered for going long by keeping 5150 as stop loss for the target of 5300 , 5400 and further.

04/07/2012 Trading View

Nifty made a low of 5265 high of 5317 and closed at 5287 which is 9 points up from previous close.

Nifty is finding difficult to cross 5300 its witnessing some selling pressure 5315 is acting as a resistance beyond that it can reach 5400.

Nifty finds support at 5260 on breaking of this Nifty can go towards 5190-5160 . So any dip around this region can be considered for going long by keeping 5150 as stop loss for the target of 5300 and further.

03/07/2012 Trading View
Nifty made a high of 5302 low of 5263 and closed at 5278.
Nifty is finding resistance at 5300 its finding tough to cross this area and some profit booking is witnessed here.
Any dip from here can be utilized for buying support zone comes at 5160-5190 so up to 5190 can be utilized for buying opportunity by keeping 5150 as stop loss for the target of 5300 and further.

02/07/2012 Trading View

Nifty made a low of 5189 high of 5286 and closed at 5278 which is 129 points up from previous close.

Nifty made a good move and surpassed the resistance zone by making a rising window candle

Now Nifty will find support at 5200 and the resistance comes at 5300 on breaking this Nifty will move towards 5400

If any dips comes it can be used for buying opportunity by keeping stop loss as 5150.

29/06/2012 Trading View

Nifty made a low of 5125 high of 5159 and closed at 5149 which is 7 points up from previous close.

Still Nifty is facing tug of war between bulls and bears so its not able to make any decisive move

Nifty finds support at 5090 and resistance at 5170-5200.

A move below 5090 can take Nifty towards 5040 , 4950 and further and a move above 5200 can take Nifty towards 5300 and further.

A trend will be formed in one or two days as of now the trend is up only until holding of 5090 so one can considered buying above this level by keeping 5070 as stop loss for the target of 5170 and further.

28/06/2012 Trading view

Nifty made a low of 5129 high of 5160 and closed at 5141 which is 21 points up from previous close.

Nifty is having strong resistance at 5090 so any dip up to this can be considered for buying by keeping 5070 as stop loss for the target of 5200 and further.

Nifty faces resistance at 5200 on crossing this it can go towards 5300 and further.

27/06/2012 Trading View

Nifty made a low of 5095 high of 5134 and closed at 5120 which is 6 points up from previous close.

A fight between bulls and bear is not allowing Nifty to make any decisive move.

Nifty is finding good support at 5090 , so one can consider buying Nifty above this level by keeping 5070 as stop loss for the target of 5140,5190 and further.

26/06/2012 Trading View

Nifty made a high of 5194 low of 5105 and closed at 5114 which is 31 points down from previous close.

Nifty found resistance at 5194 to make further up move Nifty has to break this level.

Nifty is having support at 5090 so one can consider buying above this by keeping 5070 as stop loss for the target of 5140 , 5190 and further.

25/06/2012 Trading view

Nifty made a low of 5094 high of 5159 and closed at 5146 which is 18 points down from previous close.

Nifty has struck in between the range of 5030-5170.

Only on breaking of any of this level will take the Nifty further.

On breaking of 5030 will take Nifty to 4950 and further and On breaking above 5170-5190 will take Nifty towards 5300.

22/06/2012 Trading View

Nifty made a low of 5093 high of 5170 and closed at 5165 which is 44 points up from previous close .

Nifty has made a good move in the second half.

Nifty will find resistance at 5200 on breaking this Nifty can go up to 5300.

Nifty will find support in between the area of 5070-5030 on breaking it can go to 4980 and further.

21/06/2012 Trading view

Nifty made a low of 5100 high of 5141 and closed at 5120 which is 16 points up from previous close

Nifty is not making a decisive move it got struck in between 5070-5140 so any further move has to break any of this.

On breaking below 5070 it can go to 5030 , 4950 and further.

On Breaking above 5140 it can go up to 5190 , 5300 and further.

The trend is expected in downside so one can short Nifty below 5140 with stop loss of 5180 for the target of 5070 and 5030.

20/06/2012 Trading View

Nifty made a low of 5048 high of 5113 and closed at 5103 which is 39 points up from previous close.

Nifty is making up and down move on alternate days.

Nifty is making move in between 5040-5190 a move above or below this only will change the market direction until that it will be moving in this range only .

A move above 5190 will take the market to 5300 and a move below 5040 will take the Nifty towards 4950 and further.

19/07/2012 Trading View

Nifty made a high of 5190 low of 5041 and closed at 5064 which is 74 points down from previous close.

Nifty has formed a bearish engulfing candle which is a bearish reversal pattern

Any rise in Nifty can be used for shorting up to 5140

Nifty will find support at 5030-4995

Nifty can be shorted below 5100 by keeping 5140 as stop loss for the target of 5030.

18/06/2012 Trading View

Nifty made a low of 5069 high of 5146 and closed at 5139 which is 84 points up from previous close.

Nifty has come to the resistance zone of 5170-5200 on crossing this zone it can go up to 5380.

Nifty will find support at 5070 .

As today is RBI monetary policy announcement day it will be the trend deciding day and lot of volatility will be there so trade cautiously with strict stop loss.

15/06/2012 Trading View

Nifty made a high of 5130 low of 5047 and closed at 5054 which is 66 points down from previous close

Nifty made a bear candle and was not able to go above 5130 until its not able to move above 5130 it will be in down side only

This down side move will take Nifty towards 5010 , 4980 , 4950 and further.

14/06/2012 Trading View

Nifty made a low of 5095 high of 5144 and closed at 5121 which is 5 points up from previous close

Nifty is not making any decisive move on either side both bulls and bears are struggling

If Nifty moves above 5150 it can go to 5200 and 5300

In down side if it goes to 5090 it can go to 5030 ,4980 and further.

13/06/2012 Trading View

Nifty made a low of 5015 high of 5128 and closed at 5115 which is 61 points up from previous close.

Nifty came to the resistance level and its struggling to go above that 5130-5140 will be the resistance zone

The support comes at 4980.

12/06/2012 Trading View

Nifty made a high of 5124 low of 5040 and closed at 5054 which is 14 points down from previous close.

Nifty opened gap up and made a high of 5124 but it could not sustain over there it gave all its gain and came to the negative territory

Nifty finds support at 4980 so if it comes around 5000-5020 it can be bought with stop loss of 4980 for the target of 5100.

Nifty faces resistance at 5110 .

11/06/2012 Trading View

Nifty made a low of 4994 high of 5084 and closed at 5068 which is 18 points up from previous close

Nifty will find support at 5050 and 5000

Nifty has crossed 5060 now it can go up to 5160 which is the resistance level.

08/06/2012 Trading View

Nifty made a low of 5007 high of 5059 and closed at 5049 which is 52 points up from previous close.

Nifty will find support at 5020

The resistance comes at 5070-5110

Nifty can be considered buying above 5020 by keeping 4980 as stop loss for the target of 5070 , 5100 and further.

07/06/2012 Trading View

Nifty made a low of 4886 high of 5010 and closed at 4997 which is 133 points up from previous close.

Nifty finds resistance at 5025 on breaking of this it can go up to 5100.

Nifty finds support at 4950.

06/06/2012 Trading View

Nifty made a high of 4898 low of 4847 and closed at 4863 which is 15 points up from previous close.

Nifty finds resistance at 4900 and 4950 , the trend will change to bullish only above 5050 until that the trend is down side only.

In the down side a close below 4800 is needed to go further until that Nifty will be in between 4800-4950 only.

05/06/2012 Trading View

Nifty made a low of 4770 high of 4858 and closed at 4848 which is 6 points up from previous close

Nifty has recovered well from the low of 4770 and came up to 4858

Nifty can be shorted at this level between 4850-4870 by keeping 4890 as stop loss for the target of 4800 and further.

04/06/2012 Trading View

Nifty made a high of 4925 low of 4831 and closed at 4841 which is 82 points down from previous close.

Nifty will find support in between 4800-4788 on breaking of this it can go towards 4680 and 4600

In the upper side Nifty will face resistance at 4950 and for the trend to get reversed it should go above 5050 until that the downward journey will continue.

One can consider shorting Nifty below 4800 by keeping 4840 as stop loss for the target of 4700 and further.

01/06/2012 Trading View

Nifty made a low of 4883 high of 4949 and closed at 4924 which is 26 points down from previous close .

Nifty has filled the gap that was formed during the opening of the day

Nifty finds resistance at 4960 so Nifty can be shorted below this by keeping 4980 as stop loss for the target of 4900 and 4850.

31/05/2012 Trading Views

Nifty made a high of 4982 low of 4944 and closed at 4950 which is 39 points down from previous close.

Nifty finds resistance at 4983 and support at 4950

One can consider shorting Nifty between 4980 to 5000 with stop loss of 5025 for the target of 4950 and 4900

As today is the FNO settlement lot of volatility will be there so trade cautiously.

30/05/2012 Trading View

Nifty made a low of 4982 high of 5020 and closed at4990 which is 4 points up from previous close.

Nifty finds support at 4950 and finds resistance at 5060-5070

Nifty is expected to consolidate for the day with in 4950-5060 before making any further move .

28/05/2012 Trading Views

Nifty made a low of 4889 high of 4935 and closed at 4920 which is 1 point down from previous close

Nifty made a flat close from the previous day's close

Nifty will find resistance at 4960 so one can consider shorting below this level by keeping 4970 as stop loss for the target of 4800.

25/05/2012 Trading View

Nifty made a low of 4830 high of 4931 and closed at 4921 which is 85 points up from previous close.

Nifty made a good positive move and surpassed the 4900 zone. Now again the resistance of 4960 is there. so one can consider shorting Nifty around 4950 by keeping 4970 as stop loss for the target of 4800.

Beyond 4960 Nifty can go up to 5041.

24/05/2012 Trading Views

Nifty made a high of 4853 low of 4803 and closed at 4835 which is 24 points down from previous close.

Nifty has consolidated for the day Now 4860 will be a good resistance and 4800 will be a good support

On breaking of 4800 Nifty can go up to 4600.

23/05/2012 Trading View

Nifty made a high of 4956 low of 4849 and closed at 4860 which is 45 points down from previous close

Nifty found resistance at 4956 and reversed from there and broke 4900 again now the support comes at 4800-4788 on breaking this Nifty can test 4600.

Those who have shorted as per yesterday's call can square off half and hold the remaining for 4800 and further

22/05/2012 Trading View

Nifty made a low of 4888 high of 4937 and closed at 4906 which is 14 points up from previous close.

Nifty finds resistance at 4950 and the support comes at 4850

A rise of Nifty can be used for shorting if it comes to 4940 it can be shorted by keeping 4970 as stop loss for the target of 4800 and further .

21/05/2012 Trading Views

Nifty made a low of 4788 high of 4908 and closed at 4891 which is 21 points up from previous close.

Nifty has bounced well from 4788 , Now the resistance comes at 4950 and the support comes at 4850

A rise of Nifty can be used for shorting if it comes to 4940 it can be shorted by keeping 4970 as stop loss for the target of 4800 and further .

Nifty made a high of 4922 low of 4850 and closed at 4870 which is 11 points up from previous close.

Nifty has closed the yesterday's gap

Nifty will find resistance at 4925 and support comes at 4850-4835 beyond this it can go up to 4810.

Nifty made a high of 4882 low of 4837 and closed at 4858 which is 84 points down from previous close.

Nifty gap opened down and was not able to go above that for the day so now the resistance area will be 4882 and 4920.

Nifty will find support at 4800 on breaking this it can take Nifty towards 4684 .

Nifty can be considered shorting at 4880 by keeping 4925 as stop loss for the target of 4805 and further.

16/05/2012 Trading Views

Nifty made a low of 4868 high of 4955 and closed at 4942 which is 35 points up from previous close.

Nifty has formed a bullish engulfing which shows some trend reversal so if Nifty opens above 4956 for the day and if it maintains it can go up to 5040.

Nifty finds resistance at 4960 on breaking this can take the Nifty towards 5040 .

Nifty finds support at 4900

15.5.2012 Trading view

Nifty made a High of 4957 Low of 4874 and closed at 4907 which is 21 points up from previous close.

Nifty will find resistance at 4960 and will find support at 4900

If Nifty breaking 4900 it can reach up to 4800

14/05/2012 Trading View

Nifty made a high of 4976 low of 4906 and closed at 4928 which is 36 points down from previous close.

Nifty has formed a spinning top candle which shows that neither bulls nor bear are in control.

Until Nifty holds 4900 there wont be further down side but on breaking 4900 Nifty can test 4805. And on the upper side 5040 will act as a resistance.

Cipla can be shorted at 320 by keeping 326 as stop loss for the target of 302.

11/05/2012 Trading View

Nifty made a high of 5039 low of 4950 and closed at 4965 which is 9 points down from previous close.

Nifty is facing resistance at 5040 and it has formed a large upper tail which shows the weakness of the market

So if Nifty rises to 5030 it can be shorted with stop loss of 5050 for the target of 4950 and 4916

On crossing 4916 it can reach up to 4800.

10/05/2012 Trading View

Nifty made a high of 5016 low of 4956 and closed at 4974 which is 25 points down from previous close.

Nifty is facing resistance at 5020 level

Now every rise in Nifty can be used for shorting , It can be shorted below 5000 by keeping 5030 as stop loss for the target of 4956 , 4916 and further.

09/05/2012 Trading Views

Nifty made a high of 5119 low of 4983 and closed at 4986 which is 127 points down from previous close.

Nifty has broken yesterday's low and closed below it which shows the weakness of the market

Nifty will be having resistance at 5070 and 5130

Every rise of Nifty can be used for shorting if Nifty comes to 5070 it can be shorted with stop loss of 5110 for the target of 5000 and 4916.

Now Nifty will move towards 4916.

07/05/20102 Trading view

Nifty made a low of 4988 high of 5124 and closed at 5114 which is 27 points up from previous close.

Nifty opened gap down and went below 5000 to make a low of 4988 but in the second have it recovered and closed the gap and closed at 5114.

Nifty will face resistance between 5130 - 5200 on clearing this zone it can go up to 5275 and further.

07/05/2012 Trading View

Nifty made a high of 5177 low of 5070 and closed at 5086 which is 101 points down from previous close.

Nifty has broken the 5130 level which shows the weakness of the market. And now its trading below 200 dma.

Nifty will find resistance between 5130-5150 so any rise up to this level can be utilized for shorting with stop loss of 5180 for the target of 5080 and 5000.

Nifty will find support at 5070 , 5025 and below that 4925.

04/05/2012 Trading Views

Nifty made a high of 5217 low of 5180 and closed at 5188 which is 50 points down from previous close.

Nifty was not able to close above 5245 which shows weakness of the market.

Nifty can be shorted below 5230 by keeping 5250 as stop loss for the target of 5180 and further.

03/05/2012 Trading View

Nifty made a high of 5279 low of 5226 and closed at 5239 which is 9 points

Nifty has crossed 5245 but was not able to close above it. But market is in neutral it not making any decisive move.

For making further up move Nifty should close above 5330 after that it can go up to 5500.

Nifty will find support at 5130.

Nifty is expected to move up so downside move can be used for buying opportunity up to 5130.

30/04/2012 Trading View

Nifty closed at 5190 for the week.

Nifty is playing with in the range of 5150-5240 for the week

A further move can be made only on breaking any of this.

Nifty is having support at 5130 until holding this Nifty will be in safe zone on declining below this it can further go to 5050.

Nifty will find resistance at 5240. on breaking this Nifty can go up to 5330.

27/04/2012 Trading Views

Nifty made a high of 5215 low of 5179 and closed at 5189 which is 13 points down from previous close.

Nifty has made a inside candle which shows the market is trend less. As today the new F&o contracts are beginning we can expect a trend formation . As the futures OI got reduced be cautious that down side is expected.

Nifty will find resistance at 5245 so one can short Nifty by keeping 5245 as stop loss for the target of 5180 , 5130 and 5070.

26/04/2012 Trading Views

Nifty made a low of 5160 high of 5236 and closed at 5202 which is 20 points down from previous close.

Nifty broke the support of 5180 and went up to 5160 we have to be cautious if it breaks again it can go down further to 5130 and 5070.

Nifty faces resistance at 5245. So one can consider shorting Nifty at 5230 with stop loss of 5250 for the target of 5180 , 5130.

25/04/2012 Trading View

Nifty made a low of 5180 high of 5232 and closed at 5222 which is 22points up from previous close. Nifty got support at 5180 for the third time in this month. Nifty will find resistance at 5245. Support comes at 5180 on breaking this it will touch 5130 and further. Nifty can be shorted at 5230 with stop loss of 5250 for the target of 5185 and 5135.

24/04/2012 Trading Views

Nifty made a high of 5310 low of 5187 and closed at 5200 which is 90 points down from previous close.

Nifty is not able to cross 5340 which shows the weakness of the market.

Nifty has tested the previous low of 5187 on going below 5180 it will test 5136.

Nifty will find resistance at 5245.

23/04/2012 Trading Views

Nifty made a high of 5336 low of 5245 and closed at 5290 which is 41 points down from previous close.

Nifty is finding resistance at 5340 which is 50DMA to move further up side Nifty has to clear the 5340-5380 which is the supply zone. On clearing this Nifty can go up to 5600.

Nifty in the case of not able to cross 5340 it can test 5170.

As Big Brother Reliance result is not good market is expected to open in the negative side.

20/04/2012 Trading Views

Nifty made a low of 5291 high of 5342 and closed at 5332 which is 32 points up from previous close.

Nifty is exactly getting resisted on 50DMA .

As today is the weekly closing so today's closing will decide the market condition for the coming week.

A close above 5340 will give positive signal which can take the Nifty further towards 5500.

So one can consider buying Nifty in between 5290- 5330 with stop loss of 5280 for the target of 5400 , 5450 and 5500.

19/04/2012 Trading Views

Nifty made a high of 5342 low of 5293 and closed at 5300 which is 10 points up from previous close.

Nifty exactly reversed from 50 DMA and found support at 5290.

One can consider buying Nifty between 5300- 5340 with stop loss of 5280 for the target of 5400 , 5500.

18/04/2012 Trading Views

Nifty made a low of 5208 high of 5298 and closed at 5289 which is 63 points up from previous close.

Nifty made a longer lower shadow candle on the announcement of RBI policy which shows positive signal to the market.

Nifty can be considered buying above 5330 with stop loss of 5290 for the target of 5380 , 5450 and 5500.

17/04/2012 Trading Views

Nifty made a low of 5183 high of 5233 and closed at 5226 which is 18 points up from previous close.

5183 will be a good support and 5286 will be a good resistance.

As today is the RBI's Monetary policy announcement for the current fiscal year this announcement will decide the trend of the market.

Any move above above 5300 will take the Nifty towards 5600.
Any move below 5100 will take the Nifty towards 4900.

16/04/2012 Trading Views

Nifty made a low of 5185 high of 5306 and closed at 5207 which is 69 points down from previous close.

Nifty is having the support zone in between 5170-5200 on breaking of this Nifty will fall to 5110-5130.

As of now Nifty is in weak trend .

So one can consider shorting Nifty below 5230 with stop loss of 5260 for the target of 5170 , 5110.

13/04/02/2012 Trading Views

Nifty made a low of 5246 high of 5290 and closed at 5276 which is 50 points up from previous close.

Nifty will face resistance at 5300 on crossing above this it can go towards 5347.

Nifty is expected to move between 5260-5330 for the day.

12/04/2012 Trading Views

Nifty made a low of 5190 high of 5263 and closed at 5226 which is 16 points down from previous close.

Nifty bounced from the low of 5190 which is giving some positive sign.

As long as Nifty holds 5190 Nifty can go up to 5300 .

So one can consider buying Nifty in between 5190-5220 with stop loss of 5170 for the target of 5300.

11/04/2012 Trading Views

Nifty made a high of 5255 low of 5211 and closed at 5243 which is 9 points up from previous close.

Nifty has consolidated for the day.

Nifty will find resistance at 5268 , so one can consider shorting Nifty below 5250 with stop loss of 5275 for the target of 5205 and 5170.

10/04/2012 Trading Views

Nifty made a high of 5287 low of 5228 and closed at 5232 which is 90 points down from previous close.

Nifty made a bear candle .

Nifty will find resistance at 5268

Nifty can be shorted below 5245 with stop loss of 5270 for the target of 5180.

09/04/2012 Trading Views

Nifty closed at 5322 for the week.

Nifty will face resistance at 5344 , the support comes at 5300.

On breaking of 5300 will take the Nifty towards 5230.

Breaking of 5344 will be impossible for time being.

So one can consider shorting Nifty 5300-5330 with stop loss of 5350 for the target of 5230 and further.

04/04/2012 Trading Views

Nifty made a low of 5344 high of 5378 and closed at 5358 which is 40 points up from previous close.

Nifty went up to the trend line resistance of 5378 and was not able to go higher than that.

A opening above this 5378 can take the Nifty towards 5450.

Or in the other case a open below 5344 can take the Nifty towards 5300 and on breaking this can take it to 5250.

03/04/2012 Trading Views

Nifty made a low of 5278 high of 5331 and closed at 5317 which is 22 points up from previous close.

Nifty was not able to cross 5330 but this level has to be watched carefully on breaking of this level Nifty can move towards 5400 and 5450.

Nifty can be considered buying between 5280-5310 with stop loss of 5270 for the target of 5400.

02/04/2012 Trading Views

Nifty closed at 5295 for the week on the beginning of the contract.

The area between 5150-5330 is the zone which is to be carefully watched.

On breaking of 5330 strongly will give a further rally towards 5400 , 5460 , 5550

If its not able to cross 5330 the selling pressure will be witnessed towards 5230 , 5170 , 5150 , 5075.

30/03/2012 Trading Views

Nifty made a low of 5135 high of 5194 and closed at 5178 which is 15 points down from preious close.

Nifty came below 200 DMA in the intraday but some how managed to close above it at the end. But still Nifty is in weak phase only.

5230 will be the resistance and 5170 will be the support on breaking this Nifty can go up to 5060.

As today is the first day of this month contract in one or two days the trend will get decided.

29/03/2012 Trading Views

Nifty made a high of 5236 low of 5169 and closed at 5194 which is 48 points down from previous close.

Nifty came to the support zone of 5170 and gave a little bounce. Nifty is expected to break this 5170 level.
On breaching this level it will reach 5100 and 5075.


As today is expiry of march month contract we can expect a lot of volatility.

27/03/2012 Trading Views

Nifty made a low of 5184 high of 5277 and closed at 5243 which is 58 points up from previous close.

Nifty made a doji candle which shows the fight between bulls and bears.

5315 will be a good resistance so below this level between 5280-5300 can be utilized for shorting by keeping 5330 as stop loss for the target of 5200 and 5170.

5170 is the important support level to be watched below which the Nifty can test 5075.

27/03/2012 Trading Views

Nifty made a high of 5274 low of 5174 and closed at 5180 which is 98 points down from previous close.

Nifty came to the support zone of 5170.

The area of 5170-5150 will be the support zone on breaching of this will take the Nifty towards 5110 and 5075.

The resistance comes at 5230.

25/03/2012 Trading Views

Nifty made a low of 5220 high of 5312 and closed at 5278 which is 49 points up from previous close.

Nifty closing above 5350 will turn to bullish.

And below 5220-5170 will turn the whole sentiment to bearish.

So if Nifty comes to 5300-5330 can be shorted by keeping 5360 as stop loss for the target of 5220 , 5170.

23/03/2012 Trading Views

Nifty made a high of 5385 low of 5205 and closed at 5228 which is 136 points down from previous close.

Nifty mad a big bear candle.

Nifty will be having 5170 as a major support a close below this can lead the whole year below this level only. So we have to watch this level cautiously. Below this can lead Nifty towards 5075.

5255 - 5300 will be a major resistance .

22/03/2012 Trading view

Nifty made a low of 5256 high of 5372 and closed at 5364 which is 90 points up from previous close.

Nifty made a good move after 5 trading sessions .

Nifty can be bought at this level in between 5330-5360 by keeping 5320 as stop loss for the target of 5430.

21/03/2012 Trading Views

Nifty made a high of 5297 low of 5233 and closed at 5274 which is 17 points up from previous close.

Nifty is consolidating before making any further decisive move.

Nifty finds support at 5230 below that it can go up to 5170.

Nifty finds resistance at 5297 on crossing above it can go up to 5360.

09/02/2012 Trading Views

Nifty made a high of 5340 low of 5238 and closed at 5257 which is 60 points down from previous close.

Nifty support comes at 5230 and below that it can reach 5160.

Nifty Resistance comes at 5363.

19/03/2012 Trading Views

Nifty made a high of 5445 low of 5305 and closed at 5317 which is 62 points down from previous close.

Budget did not gave any positive signal to the market.
The market trend will get confirmed in few days.

Nifty will find support at 5295 below that it will find support at 5245.

Nifty will find resistance at 5363

16/03/2012 Trading Views

Nifty made a high of 5462 low of 5362 and closed at 5380 which is 83 points down from previous close.

As today is the Budget day there will be lot of volatility.

Nifty will find support at 5330 and 5290 below which it can go to 5245.

Nifty will find resistance at 5430.

15/03/2012 Trading Views

Nifty made a low of 5437 high of 5499 and closed at 5463 which is 34 points up from previous close.

As today monetary policy review is there there will be more volatility , a rate cut is expected.

And only one more day is left for the budget Risk takers can Buy 5600 call and 5400 Put.

5550 will be a good resistance and 5390 will be good support.

14/03/2012 Trading Views

Nifty made a low of 5390 high of 5438 and closed at 5429 which is 69 points up from previous close.

Nifty is moving up continuously for past 4 days.

Nifty will find resistance at 5460 on going above this it can go up to 5550.

The support comes at 5390.
As only two days left for Budget trade cautiously.

13/03/2012 Trading Views

Nifty made a high of 5421 low of 5327 and closed at 5359 which is 26 points up from previous close.

After opening high Nifty was not able to sustain in the top it gradually declined to make a low of 5327 however it managed to close at 5359.

Nifty will find support at 5295 beyond that it can go up to 5245.

On higher side it will find resistance at 5460

12/03/2012 Trading Views

Nifty closed at 5333 for the week. It got support exactly at 5170.

This week end came with a surprise of RBI cutting 0.75 BPS in the CRR which will give a positive trigger.

This week daily some economic data is getting announced ( IIP , FOMC , Railway Budget , Credit Policy , and finally the Budget ) so this week we can expect a lot of volatility . Trade cautiously and with strict stop loss.

In the down side 5295 and 5245 will act as a support.

On crossing 5400 it can reach 5628 in the upper side.

08/03/2012 Trading View

Nifty made a high of 5243 low of 5171 and closed at 5220 which is 2 points down from previous close.
Nifty is having tug of war between the bulls and bears and closed flat from previous close.


Nifty got support exactly at 5170 which is 200 DMA . This area of 5170-5120 will be the support zone. Breaking this can take the Nifty towards 5060.

Nifty will find resistance at 5270 above that it can move towards 5370.

07/03/2012 Trading Views

Nifty made a high of 5382 low of 5206 and closed at 5222 which is 57 points down from previous close.

Nifty made a longer upper shadow which shows the weakness of the market.

Nifty's support zone will be 5170-5120 and 5270 will act as a strong resistance.

06/03/2012 Trading Views

Nifty made a high of 5344 low of 5265 and closed at 5280 which is 79 points down from previous close.

Nifty came down below 5300 in the opening itself. Now 5300-5330 area will be acting as a resistance and in the down side 5260 will be acting as support .

For some days market is expected to consolidate in a tight range.

On breaking of 5260 will take the Nifty to 5170.

05/03/2012 Trading views

Nifty made a low of 5268 and high of 5459 for the week and closed at 5359 for the week.

Nifty has formed a symmetric triangle in the hourly chart. The breaking point of this triangle comes at 5300 in the downside and 5400 in the upside.

Breaking of 5400 can take towards 5600 and breaking of 5300 can lead to test 200 DMA 5170.

28/02/2012 Trading Views

Nifty made a high of 5449 low of 5268 and closed at 5281 which is 148 points down from previous close.

After a long rally Nifty started correcting , whether the bull market has started or the rally just a fake rally it will be known only on surpassing the level of 5650.

Now Nifty will find resistance at 5330 and the support comes at 5230 and 5170.

24/02/2012 Trading Views

Nifty made a high of 5537 low of 5460 and closed at 5483 which is 22 points down from previous close.
Nifty has formed a long upper shadow which shows that bears are in control.

Nifty will find resistance at 5540 and it will find support at 5430.

22/02/2012 Trading Views

Nifty made a low of 5561 high of 5621 and closed at 5607 which is 42 points up from previous close.

Nifty will be facing resistance at 5630 .

5530 will be acting as support only on breaking this it can go to 5450.

21/02/2012 Trading Views

Nifty closed at 5564 for the week.

Nifty is rallying with out stopping from the beginning of this year.

Nifty can be considered going down only below 5530 then it can go to 5450. Until that this upward journey will continue till 5700.

17/02/2012 Trading View

Nifty made a low of 5483 high of 5531 and closed at 5521 which is 10 points down from previous close.


As said in yesterday's post Nifty can be shorted below 5521 with stop loss of 5560 for the target of 5450 and 5400.

16/02/2012 Trading View

Nifty made a low of 5460 high of 5542 and closed at 5531 which is 115 points up from previous close.

Nifty is crossing each and every hurdle day by day with out giving any correction and not giving chance for traders to enter again who has exited previously.

Nifty will find resistance at 5560.
So one can consider shorting below 5520 by keeping 5560 as strict stop loss for the target of 5450 and 5420.

15/02/2012 Trading Views

Nifty made a low of 5377 high of 5428 and closed at 5416 which is 25 points up from previous close.

Nifty will find resistance at 5435 .

Nifty can be shorted only below 5325 by keeping 5350 as stop loss for the target of 5225.

13/02/2012 Trading Views

Nifty closed at 5381 for the week.

Nifty will face resistance at 5430 , will find support at 5325.

On breaking 5325 Nifty will go down to 5225.

Nifty has come to crucial level and it is now over exhausted.

From here it will be consolidating or it will be breaking below 5325.

09/02/2012 Trading Views

Nifty made a low of 5338 high of 5423 and closed at 5412 which is 44 points up from previous close.

Nifty is making strong move day by day. Nifty was consolidating for the first half and moved up in the second half.

Nifty can be consider buying between 5380-5400 with stop loss of 5360 for the target of 5490.


Now Nifty will find support at 5400 and 5330.
The resistance comes at 5500.