01/08/2012 Trading view

Nifty made a low of 5154 high of 5234 and closed at 5229 which is 29 points  up from previous close.

Nifty finds resistance at 5267 and 5300. The support comes at 5150. Until holding of  5150 there wont be any further fall.

Nifty is in bullish on crossing of 5235 it can go towards 5300.

31/07/2012 Trading view

Nifty made a low of 5129 high of 5206 and closed at 5199 which is 99.95 points up from previous close.

Nifty made a big bull candle and closed the gap region 5170-5200 .

Now the supply zone is at 5230 and the support comes at 5150.

Today RBI monetary policy is scheduled so the outcome of the meet will decide further move.

On crossing 5230 Nifty will move towards 5267 , 5300 and to 5350.

The market seems to be bullish. towards 5350.

30/07/2012 Trading View

Nifty made a high of 5150 low of 5077 and closed at 5100 which is 56 points up from previous close.

Nifty made a gap up open and filled the gap during the day. Nifty have the resistance in the area between 5150-5190 which will be hurdle for the Nifty to cross. On crossing this it can go towards 5350.

As this week today we have RBI monetary policy meet and FOMC meeting is scheduled the result of the meet will decide the further move.

Nifty has the support at 5076 and another  support at 5020 . If Nifty breaks 5020 it can turn to bear phase and it can go towards 4850.

27/07/2012 Trading View

Nifty made a high of 5126 low of 5032 and closed at 5043 which is 66 points down from previous close.

Nifty started declining from the beginning and got accelerated in the last one hour.

Nifty has breached the 200 & 50 DMA but until holding of 5020 will avoid the market on further declining .

So one can consider buying Nifty around 5020 - 5050 by keeping stop loss below 5000 for the target of 5125 and further.

26/07/2012 Trading View

Nifty made a low of 5076 high of 5121 and closed at 5109 which is 18 points down from previous close.

Nifty finds support at 50 and 200 DMA and closed well above that so we can consider bulls are intact until holding of 5070.

So one can consider going long above 5125 by keeping stop loss below 5100 risk players can keep stop loss at  5070 for the target of 5170 , 5200 and further.

25/07/2012 Trading View

Nifty made a high of 5144 low of 5103 and closed at 5128 which is 10 points up from previous close.

Nifty made a doji candle that also near by 200 DMA which shows bears are loosing momentum.

Nifty finds resistance at 5145 and it finds support at 5100.

So one can consider buying Nifty in between 5100-5120 with stop loss of 5090 for the target of 5170 , 5200 and further.

24/07/2012 Trading View

Nifty made a high of 5164 low of 5108 and closed at 5117 which is 87 points down from previous close.

Nifty opened gap down and was not able to close the gap in the whole day Nifty formed a bear candle.

Now Nifty has support at 5095 so one can consider going long in between 5100-5120 by keeping 5090 as stop loss for the target of 5165 and 5195.

23/07/2012 Trading view

Nifty made a high of 5238 low of 5197 and closed at 5205 which is 37 points down from previous close.

Nifty finds resistance at 5240 and finds support at 5200.

And the market seems to be bearish so if Nifty comes around 5240 it can be shorted by keeping 5270 as stop loss for the target of 5200 and 5160.

19/07/2012 Trading View

Nifty made a low of 5169 high of 5222 and closed at 5216 which is 23 points up from previous close.

Nifty took support at 5169 and bounced well from there . Now the resistance comes at 5242 and between 5270-5300 .

Until closing above 5300 Nifty is in down trend only.

So any rise can be considered for shorting by keeping 20 points as stop loss for the target of 5160 and further.

18/07/2012 Trading View

Nifty made a high of 5236 low of 5181 and closed at 5192 which is 4 points down from previous close.

Nifty came to the support zone of 5190-5160 from here it can consolidate for some time before making any further move.

5240 acts as resistance and 5270-5300 also acts as a supply zone.

If Nifty comes to 5240 it can be shorted with stop loss of 5270 for the target of 5190 -5160 and further.

17/07/2012 Trading View

Nifty made a high of 5246.85 low of 5190 and closed at 5197 which is 30 points down from previous close.

Now Nifty finds resistance at 5240 and the support comes at 5190-5160.

So if Nifty comes to 5240 it can be shorted  with stop loss of 5270 for the target of 5190 , 5160 and further.

On breaking of 5160 Nifty can move towards 5130.

16/07/2012 Trading View

Nifty made a high of 5267 low of 5216 and closed at 5227 which is 8 points down from previous close.

Nifty is facing resistance in  between 5270 and 5300 as that was the gap zone.

So if Nifty comes in between 5265 and 5300 it can be shorted with stop loss of 5315 for the target of 5216 , 5190 and further.

13/07/2012 Trading View

Nifty made a high of 5261 low of 5217 and closed at 5235 which is 71 points down from previous close.

Nifty opened gap down below the previous support level of 5260 now this becomes resistance.
Now any move near by this can be shorted by keeping 5275 as stop loss for the target of 5210.
The support zone comes at 5190-5160.
5300-5350 will be a major hurdle for the Nifty.

12/07/2012 Trading View

Nifty made a low of 5300 high of 5336 and closed at 5306 which is 39 points down from previous close.

Nifty found support at 5300 for the day and moved in a narrow range for the whole day. The next support  comes at 5255below this it can go towards 5190-5160.

The resistance comes at 5350-5370. on breaking this it can go towards 5450 and further.

As today is the result of the IT giant INFY and TCS the whole market will be based on the result only.So trade accordingly.

11/07/2012 Trading View

Nifty made a low of 5284 high of 5348 and closed at 5345 which is 70 points up from previous close.

Nifty made a slow and steady move for the day and surpassed the 5335 now 5330-5300 area will act as support zone.

The Resistance comes at 5380 on crossing this Nifty can move towards 5500-5500.

Nifty can be considered buying near by 5330 by keeping 5290 as stop loss for the target of 5370 and further.

10/07/2012 Trading View

Nifty made a high of 5300 low of 5257 and closed at 5275 which is 41 points down from previous close.

Nifty has broken 5260 but some how managed to close above this .So still bull is intact.

Breaking of 5255 will go towards 5190-5160. So if Nifty dips around this region it can be considered by keeping 5150 as stop loss for the target of 5300 and further.

09/07/2012 Trading View

Nifty made a low of 5287 high of 5327 and closed at 5316 which is 10 points down from previous close.

Nifty has consolidated for the past five trading sessions and it has moved in between 5263-5333 in these days. For any further move it has to break any of these.

Nifty has support in between 5287-5260 on breaking this Nifty can go towards 5190-5160.

Nifty finds resistance at 5333 on breaking this it can move towards 5400.

Any dip can be considered for buying up to 5170  by keeping 5150 as stop loss for the target of 5330 , 5400 and further.

06/07/2012 Trading View

Nifty made a low of 5288 high of 5333 and closed at 5327 which is 24 points up from previous close.

Nifty will find support at 5300 and 5270 and the resistance comes at 5350 and 5400.

Any dip near by 5270 can be considered for buying by keeping 5255 as stop loss for the target of 5350.

Above 5350 will lead Nifty towards 5400 and further.

05/07/2012 Trading View

Nifty made a low of 5273 high of 5317 and closed at 5302 which is 14 points up from previous close.

Nifty is consolidating for the past three days , Its moving with in the range of 5263 and 5317.

Nifty finds support at 5260 on breaking of this Nifty can go towards 5190-5160 . So any dip around this region can be considered for going long by keeping 5150 as stop loss for the target of 5300 , 5400 and further.

04/07/2012 Trading View

Nifty made a low of 5265 high of 5317 and closed at 5287 which is 9 points up from previous close.

Nifty is finding difficult to cross 5300 its witnessing some selling pressure 5315 is acting as a resistance beyond that it can reach 5400.

Nifty finds support at 5260 on breaking of this Nifty can go towards 5190-5160 . So any dip around this region can be considered for going long by keeping 5150 as stop loss for the target of 5300 and further.

03/07/2012 Trading View
Nifty made a high of 5302 low of 5263 and closed at 5278.
Nifty is finding resistance at 5300 its finding tough to cross this area and some profit booking is witnessed here.
Any dip from here can be utilized for buying support zone comes at 5160-5190 so up to 5190 can be utilized for buying opportunity by keeping 5150 as stop loss for the target of 5300 and further.

02/07/2012 Trading View

Nifty made a low of 5189 high of 5286 and closed at 5278 which is 129 points up from previous close.

Nifty made a good move and surpassed the resistance zone by making a rising window candle

Now Nifty will find support at 5200 and the resistance comes at 5300 on breaking this Nifty will move towards 5400

If any dips comes it can be used for buying opportunity by keeping stop loss as 5150.