31/08/2012 Trading View

Nifty made a low of 5255 high of 5342 and closed at 5315 which is 27 points up from previous close.

The expiry day found whipsaw movement  .

Nifty finds resistance at 5350 , so if Nifty comes to 5350 it can be shorted by keeping 5370 as stop loss for the target of 5270 , 5255 and further.

30/08/2012 Trading View

Nifty made a high of 5345 low of 5282 and closed at 5287 which is 46 points down from previous close.

Nifty has closed below 5300 now the support comes at 5260-5220.

The resistance comes at 5312.

Today Nifty can test 5260. As today is the F&O settlement we can expect lot of volatality.

29/08/2012 Trading View

Nifty made a high of 5359 low of 5312 and closed at 5334 which is 15 points down from previous close.

Nifty took support at 5312 the area between 5320-5290 acts as support area.

Resistance comes at 5360 and 5380

So any rise up to 5375 can be shorted by keeping 5390 as stop loss for the target of 5320 , 5290 and further.

Nifty made a high of 5399 low of 5346 and closed at 5350 which is 36 points down from previous close.

Nifty has formed a bear candle and it broke the level of 5380 and came down slowly.

Now Nifty will find resistance at 5370-5386 and the support comes at 5340.

So today if Nifty comes to 5370-5386 it can be shorted by keeping 5405 as stop loss for the target of 5345 , 5305 , 5270 and further.

27/08/2012 Trading View

Nifty made a high of 5399 low of 5371 and closed at 5386 which is 28 points down from previous close.

Nifty has broken the channel line and closed below 5394 which is bearish sign.

Nifty can be shorted below 5400 by keeping 5417 as stop loss for the target of 5350 , 5300 and further.

24/08/2012 Trading view

Nifty made a high of 5448 low of 5393 and closed at 5415 which is 2 points up from previous close.

Nifty found resistance at 5450 as said in yesterday's post.

Nifty found support at 5393.

Nifty can be shorted at 5450 by keeping 5460 as stop loss for the target of 5395 , 5350 ,5300 and further.

22/08/2012 Trading View

Nifty made a low of 5368 high of 5425 and closed at 5421 which is 54 points up from previous close.

Nifty formed a bull candle .

Nifty has closed above 5380 and surpassed the 5400.

Now Nifty will find resistance at 5450 on closing basis.

19/08/2012 Trading View

Nifty made a high of 5399.95 low of 5341.7 and closed at 5366 which is 3 points up from previous close.

Nifty formed a doji candle which shows the trend reversal.

As said previously Nifty found resistance at 5400 now it will move towards 5260 and 5220.

Any rise up to 5400 can be considered for shorting by keeping 5410 as stop loss for the target of 5335 , 5300 , 5280 and further.

17/08/2012 Trading View

Nifty made a high of 5390 low of 5356 and closed at 5362 which is 17 points down from previous close.

Nifty is loosing its bullish momentum and it formed a bear candle.

Nifty found resistance at 5390 so one can consider shorting below this by keeping stop loss at 5405 for the target of 5335 , 5305 and further.

16/08/2012 Trading View

Nifty made a low of 5328 high of 5387 and closed at 5380 which is 32 points up from previous close.

Nifty has formed a bull candle and it took support at 5330.

Now Nifty on crossing 5390 can move towards 5450.

And in the down side support comes 5330-5300 on going below this it can go up to 5220.

14/08/2012 Trading View

Nifty made a low of 5309 high of 5352 and closed at 5347 which is 27 points up from previous close.

Nifty raised today with very less volume which is not convincing.

Nifty supply zone is in between 5350-5380 and the support comes at 5308.

If Nifty comes to 5310 it can be bought by keeping 5290 as stop loss for the target of 5350 ,5380 and further.

13/08//2012 Trading View

Nifty made a high of 5330 low of  5294 and closed at 5320 which is 2 points down from previous close.

Nifty is finding resistance at 5330 so one can consider shorting at this level by keeping 5340 as stop loss for the target of 5300 , 5270 and further.

On the other side if Nifty goes above 5340 it can be considered buying at 5340 by keeping stop loss at 5320 for the target of 5375 , 5400 and further.

Nifty has support at 5260 on breaking this it can start filling the gap up to 5220.

10/08/2012 Trading View

Nifty made a high of 5368 low of 5312 and closed at 5322 which is 15 points down from previous close.

Nifty broke the 5330 so now Nifty can come towards 5294 and to 5280.

Nifty has resistance at 5340 so one can consider shorting at 5340 by keeping stop loss at 5355 for the target of 5300 and 5280.

Support zone comes between 5280-5260 on breaking this regions Nifty can go towards 5220.

09/08/2012 Trading View

Nifty made a high of 5377 low of 5331 and closed at 5338 which is 1 point up from previous close.

After 3 day of rise Nifty came to a halt now Nifty seems to be reversing .

Nifty finds resistance at 5380.

On breaking below Nifty can move towards 5280-5260 So any rise up to 5370 can be shorted by keeping 5380 as stop loss for the target of 5330 and 5280.

Support comes at 5280 on breaking this Nifty will move towards 5220.

08/08/2012 Trading view

Nifty made a low of 5281 high of 5350 and closed at 5336 which is 54 points up from previous close .

Nifty made a bull candle and closed the previous gap area.
Now on crossing 5355 Nifty can move towards 5400 and 5444.
Until holding of 5280 Nifty can attain 5400 and 5444.

07/08/2012 Trading view

Nifty made a low of 5260 high of 5293 and closed at 5282 which is 66 points high from previous close.

Nifty opened gap up and maintained the gap through out the day.

Nifty is finding resistance at 5300 , Nifty finds support at 5260-5240.

Nifty is struggling to cross the 5300 zone. Until holding of 5260 it can go towards 5350.

Major support comes at 5220.

06/08/2012 Trading View

Nifty made a low of 5164 high of 5220 and close at 5215 which is 12 points down from previous close.

During the opening Nifty opened below 5210 and made a low of 5164 but in the second half it some how managed to close above 5210.

Now on going above 5220 it can go towards 5267 , 5300 and to 5350.

In downside it will find support at 5160.

Any dip up to 5160 can be considered for buying for the target of 5300 and to 5350.

03/08/2012 Trading View

Nifty made a low of 5209 high of 5236 and closed at 5227 which is 12 points down from previous close.

Nifty find support at 5210 until holding of 5210 there wont be any further down side.

Nifty finds resistance at 5257 on breaking this Nifty can go towards 5300 and 5350.

On breaking of 5210 Nifty can go towards 5150.

02/08/2012 Trading View

Nifty made a low of 5212 high of 5246 and closed at 5240 which is 11 points up from previous close.

As Nifty is not able to have a follow on move bullish is loosing its momentum so any dip below 5210 will take Nifty to downward direction.

Nifty has support at 5210 and 5150  and the resistance comes at 5250.

On crossing of 5250 Nifty can go towards 5300 . Until holding of 5210 bulls will be intact.

Breaking of 5210 will take down to 5150 and further.