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.
Thursday, March 29, 2012
Wednesday, March 28, 2012
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.
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.
Tuesday, March 27, 2012
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.
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.
Monday, March 26, 2012
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.
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.
Saturday, March 24, 2012
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.
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.
Thursday, March 22, 2012
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 .
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 .
Wednesday, March 21, 2012
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.
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.
Tuesday, March 20, 2012
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.
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.
Monday, March 19, 2012
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.
Nifty support comes at 5230 and below that it can reach 5160.
Nifty Resistance comes at 5363.
Sunday, March 18, 2012
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
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
Thursday, March 15, 2012
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.
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.
Wednesday, March 14, 2012
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.
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.
Tuesday, March 13, 2012
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.
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.
Monday, March 12, 2012
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
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
Sunday, March 11, 2012
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.
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.
Thursday, March 8, 2012
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.
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.
Tuesday, March 6, 2012
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.
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.
Monday, March 5, 2012
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.
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.
Friday, March 2, 2012
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.
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.
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