Monday, January 30, 2012

31/01/2012 Trading Views

Nifty made a high of 5166 low of 5076 and closed at 5087 which is down by 117 points.

Nifty found resistance at crucial point at 5217 and reversed from there.

Nifty can be shorted in between 5100-5130 with stop loss of 5140 for the target of 5060 and 5010.

Sunday, January 29, 2012

30/01/2012 Trading Views

Nifty closed at 5204 for the week which is near by 200 DMA.
Nifty comes to the crucial resistance so from here if it closes above 5250 then it can go to 5400.

In the other side if its not able to go above 5220 the it can come to 5060 and to 4860.

As there are 5 gaps in this rise it has to be closed before making further strength up move.

Wednesday, January 25, 2012

25/01/2012 Trading Views

Nifty made a low of 5049 high of 5141 and closed at 5127 which is 81 points up from previous close.

Nifty will find resistance at 5170 , on going below 5110 Nifty can go up to 5070 and it will find support in the area of 5050-5070.

So if Nifty comes in the zone of 5150-5170 it can be considered shorting with stop loss of 5180 for the target of 5070.

As today is F&O settlement more volatility will be there trade with strict stop loss.

Monday, January 23, 2012

24/01/2012 Trading Views

Nifty made a low of 5025 high of 5059 and closed at 5046 which is 2 points down from previous close.

The day was a dull day with less movement.

Today RBI's monetary policy announcement is there which will be the trend decider.

Nifty will find resistance between 5060-5100 on crossing this it can go to 5170-5200.

Nifty will find support at 4950 on going below this it can go up to 4800.

Sunday, January 22, 2012

23/01/2012 Trading Views

Nifty closed at 5048 for the week.

As Reliance result is weak market is expected to open weak.

This week is having two events RBI monetary policy on Tuesday and F&O settlement on Wednesday the trend will get get clear only after these events.

Nifty will find resistance at 5100 and support at 4950 and below that 4800.

Thursday, January 19, 2012

20/01/2012 Trading View

Nifty made a low of 4991 high of 5023 and closed at 5018 which is 62 points up from previous close.

Nifty made a gap up open and maintained the gap through out the day , Nifty has come to the crucial stage be cautious with long maintain strict stop loss. Don't consider of going fresh long at this stage.

Nifty will find resistance at 5060. Below 4980 will drag the Nifty towards 4920.

Wednesday, January 18, 2012

19/01/2012 Trading Views

Nifty made a high of 4980 low of 4931 and closed at 4955 which is 11 points down from previous close.

Nifty's up move up to 4980 can be utilized for shorting with stop loss of 5010 for the target of 4900 and 4880.

Those who shorted today as per yesterday's call can continue for the target of 4900 and 4880.

Tuesday, January 17, 2012

18/01/2012 Trading Views

Nifty made a low of 4904 high of 4975 and closed at 4968 which is 94 points up from previous close.

Nifty made gap open and maintained the gap for the day and continued it rally .

Nifty will find support at 4900. and it will find resistance at 5010.

Nifty can be shorted in between 4975-4990 with stop loss of 5010 for the target of 4950 and 4900.

or

Nifty can be shorted below 4950 by keeping 4975 as stop loss for the target of 4900.

Monday, January 16, 2012

17/01/2012 Trading View

Nifty made a low of 4827 high of 4880 and closed at 4873 which is 7 points up from previous close.

Nifty made good move in the last session and closed near the high. Which shows strength and expected to open positively.

But on the higher side it will move only on crossing 4920 and it can go up to 4965 Be cautious on long position the trend may get reverse any where in between this region.

On the down side 4780-4800 will provide good support on breaking this it will drag the Nifty towards 4700.

Sunday, January 15, 2012

16/01/2012 Trading Views

Nifty made a low of 4834 high of 4898 and closed at 4866 which is 34 points up from previous close.

Nifty has closed above the 50 DMA for the week which is good as of now but it has to be maintained for the coming week also.

Until holding the region of 4780-4800 the bullishness will be there and it can take the Nifty further to 4920 and 5000.

On going below 4780 it can take the Nifty to 4690 and 4647.

As of now the tone is positive and on crossing 4920 it can reach 5000.

Thursday, January 12, 2012

13/01/2012 Trading view

Nifty made a high of 4869 low of 4803 and closed at 4840 which is 20 points down from previous close.

Nifty is consolidating for the past two days and moving with in 4800 to 4880 both of these levels will be trend decider .

The bearishness will get accelerated only below 4780.

So if Nifty comes around 4800 it can be utilized for buying with stop loss of 4775 for the target of 4870 , 4900 and 4925.

4925 will be a good resistance on breaking of this will take the Nifty to 5000.

Wednesday, January 11, 2012

12/12/2011 Trading Views

Nifty made a low of 4841 high of 4877 and closed at 4860 which is 11 points up from previous close.

Nifty formed a doji sign today which shows a reversal signal .

So if Nifty opens high it can be shorted in between 4880-4900 by keeping 4925 as stop loss for the target of 4800 , 4780 and 4750.

Or it can be shorted below 4840 by keeping 4880 as stop loss for the target of 4780 and 4750.

All prices are based on spot trade with strict stop losses.

As today is INFY's result it can change the whole market tone.

Tuesday, January 10, 2012

11/01/2012 Trading View

Sorry guys as i have to travel suddenly i was not able to post yesterday.

Nifty made a low of 4768 high of 4855 and closed at 4850 which is 107 points up from previous close.

Nifty crossed the resistance zone of 4780-4820 after many attempts

On holding of 4820 and crossing of 4860 Nifty can go up to 4900.

So Nifty can be bought around 4820 by keeping stop loss of 4780 for the target of 4860 and 4900.

Sunday, January 8, 2012

09/01/2012 Trading View

Nifty closed at 4746 for the week.

Nifty will turn bullish only after crossing 4780-4820 this zone. On crossing this Nifty will move towards 4860 , 4920 and 4990.

Until holding of 4660 this above situation will be in process.

Thursday, January 5, 2012

06/01/2012 Trading View

Nifty made a high of 4779 low of 4730 and closed at 4749 which is flat from yesterday's close.

Nifty is not making a decisive move for the past two days its simply moving with in the range of 4720-4780. The next move will be only after breaking any of these levels.

On breaking of 4780 - 4820 it will lead the Nifty to 4900.
On breaking of 4720-4690 it will drag the Nifty to 4640.

Wednesday, January 4, 2012

05/01/2012 Trading Views

Nifty made a high of 4782 low of 4728 and closed at 4749 which is 15 points down from previous close.

Nifty was not able to cross the resistance of 4780.

Nifty can be consider buying above 4700 by keeping 4690 as stop loss for the target of 4820 , 4860 and 4920.

Tuesday, January 3, 2012

04/01/2012 Trading Views

Nifty made a low of 4675 high of 4773 and closed at 4765 which is 128 points up from previous close.

Nifty made a gap up open and big bull candle which give positive signal.

Nifty can be consider buying if it comes to 4730-4750 by keeping 4690 as stop loss for the target of 4820 , 4860 and 4920.

Or if it goes above 4820 it can be considered buying by keeping 4790 as stop loss for the target of 4820 , 4860 and 4920.

Monday, January 2, 2012

03/01/2012 Trading Views

Nifty made a low of 4588 high of 4645 and closed at 4636 which is 12 points up from previous close.

Nifty is not making a decisive move yet , volume is also less and the trend is not clear.

On crossing above 4640 Nifty will go to 4700-4720 on crossing this region only the trend will become mildly bullish.

on crossing below 4580 Nifty will go to 4540.

Sunday, January 1, 2012

01/01/2012 Trading Views

Wish you all very happy and prosperous New Year.

Nifty for the week closed at 4624.

Nifty is now at very crucial stage on either side there will be a sudden move so trade carefully.

Nifty can be go for buying between 4600-4640 by keeping 4590 as stop loss for the target of 4720.

On the contrary side it can be shorted below by keeping 4640 as stop loss for the target of 4540.

Nifty will make bullish move only after crossing the region of 4720-4820.