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.
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.
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 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
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.
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.
