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.
Monday, February 27, 2012
Thursday, February 23, 2012
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.
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.
Tuesday, February 21, 2012
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.
Nifty will be facing resistance at 5630 .
5530 will be acting as support only on breaking this it can go to 5450.
Monday, February 20, 2012
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.
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.
Thursday, February 16, 2012
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.
As said in yesterday's post Nifty can be shorted below 5521 with stop loss of 5560 for the target of 5450 and 5400.
Wednesday, February 15, 2012
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.
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.
Tuesday, February 14, 2012
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.
Nifty will find resistance at 5435 .
Nifty can be shorted only below 5325 by keeping 5350 as stop loss for the target of 5225.
Monday, February 13, 2012
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.
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.
Thursday, February 9, 2012
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.
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.
Wednesday, February 8, 2012
09/02/2012 Trading Views
Nifty made a low of 5325 high of 5396 and closed at 5368 which is 33 points up from previous close.
Nifty can be considered shorting in between 5380-5400 by keeping 5420
as stop loss for the target of 5330 , 5270
Or else it can be shorted below 5340 by keeping 4380 as stop loss for
the target of 5270 and 5220.
Nifty can be considered shorting in between 5380-5400 by keeping 5420
as stop loss for the target of 5330 , 5270
Or else it can be shorted below 5340 by keeping 4380 as stop loss for
the target of 5270 and 5220.
Tuesday, February 7, 2012
08/02/2012 Trading View
Nifty made a high of 5413 low of 5322 and closed at 5335 which is 26 points down from previous close.
Nifty opened above 5400 but not able to sustain there and came to the negative side in the second half .
Nifty can be considered shorting in between 5380-5400 by keeping 5420 as stop loss for the target of 5330 ,5270
Or else it can be shorted below 5340 by keeping 4380 as stop loss for the target of 5270 and 5220.
Nifty opened above 5400 but not able to sustain there and came to the negative side in the second half .
Nifty can be considered shorting in between 5380-5400 by keeping 5420 as stop loss for the target of 5330 ,5270
Or else it can be shorted below 5340 by keeping 4380 as stop loss for the target of 5270 and 5220.
Monday, February 6, 2012
07/02/2012 Trading Views
Nifty made a high of 5390 low of 5327 and closed at 5361 which is 35 points up from previous close.
Nifty made a gap up open but came down and filled the gap but some how managed to close higher.
Nifty will be finding resistance at 5450 which will be the 50 % Retracement level from high of 6338 and low of 4531.
On closing above this the bullish trend will get confirmed.
Nifty will find support at 5200.
Nifty made a gap up open but came down and filled the gap but some how managed to close higher.
Nifty will be finding resistance at 5450 which will be the 50 % Retracement level from high of 6338 and low of 4531.
On closing above this the bullish trend will get confirmed.
Nifty will find support at 5200.
Sunday, February 5, 2012
06/02/2012 Trading Views
Nifty closed at 5325 for the week.
Nifty made a big bull candle and closed above 200 DMA in this week
which is a positive sign 9 months.
Nifty will find resistance at 5400 and 5450.
Nifty will find support at 5270 and 5220.
A correction is expected as every indicator is in overbought zone.
Nifty made a big bull candle and closed above 200 DMA in this week
which is a positive sign 9 months.
Nifty will find resistance at 5400 and 5450.
Nifty will find support at 5270 and 5220.
A correction is expected as every indicator is in overbought zone.
Thursday, February 2, 2012
03/02/2012 Trading View
Nifty made a low of 5225 high of 5289 and closed at 5269 which is 34 points up from previous close.
Nifty will find resistance at 5290 on crossing this it can go to 5350.
But fresh buying or shorting is not advised at this level more volatility is expected at this level.
Shorting can be considered only below 5220 with stop loss of 5290 for the target of 5120 and 5050.
Nifty will find resistance at 5290 on crossing this it can go to 5350.
But fresh buying or shorting is not advised at this level more volatility is expected at this level.
Shorting can be considered only below 5220 with stop loss of 5290 for the target of 5120 and 5050.
Wednesday, February 1, 2012
02/02/2012 Trading View
Nifty made a low of 5159 high of 5244 and closed at 5235 which is 36 points up from previous close.
Nifty has crossed the crucial resistance of 5220.
But its best to avoid fresh long and short positions at this stage.
It can be shorted only below 5168.
Nifty has crossed the crucial resistance of 5220.
But its best to avoid fresh long and short positions at this stage.
It can be shorted only below 5168.
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