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.