01/11/2012 Trading View

Nifty made a low of 5583 high of 5624 and closed at 5619 which is 21 points up from previous close.

Nifty is finding support at 5580. Nifty will find resistance at 5640.

On crossing this 5640 Nifty can go towards 5690.

On going below 5580 it can go towards 5540.

As of now Nifty is loosing its bearish momentum.

31/10/2012 Trading View

Nifty made a high of 5689 low of 5589 and closed at 5597 which is 67 points down from previous close.

Nifty has broken 5630 and formed a bear candle.

Until unless not moving above 5630 Nifty will go towards 5540.

The support zone comes at 5590 and 5540.

The resistance comes at 5630 and 5690.

30/10/2012 Trading View

Nifty made a low of 5645 high of 5698 and closed at 5665 which is 1 point up from previous close.

Nifty is still  stuck  in the range of 5730-5635 today is 14th consecutive session.

As Today is the monetary policy announcement today the trend will get decided.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

So one can trade accordingly.

29/10/2012 Trading View

Nifty made a low of 5641 high of 5697 and closed at 5664 which is 41 points down from previous close.

Nifty is still  stuck  in the range of 5730-5635 today is 13th consecutive session.

Only a break above or below this will make the Nifty to move further.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

25/10/2012 Trading View

Nifty made a high of 5720 low of 5681 and closed at 5691 which is 25 points down from previous close.

Nifty is still  stuck  in the range of 5730-5635 today is 11th consecutive session.

Only a break above or below this will make the Nifty to move further.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

23/10/2012 Trading View

Nifty made a low of 5658 high of 5721 and closed at 5717 which is 32 points up from previous close.

Nifty is still trading in the band of 5730-5635 today is 10th consecutive session.

Only a break above or below this will make the Nifty to move further.

A move above 5730-5750 will take Nifty towards 5815 , 5920.

A move below 5635 will take towards 5550.

22/10/2012 Trading View

Nifty made a high of 5711 low of 5660 and closed at 5684 which is 34 points down from previous close.

Nifty is moving with in the range of 5635-5750 for past 9 days.

Only on break of this there will be further move.

On breaking 5750 It can go towards 5900 and on breaking 5635 it can go towards 5535 and further.

Monday Nifty is expected to open gap down if it opens below 5635 it can go don further.

19/10/2012 Trading View

Nifty made a low of 5650 high of 5722 and closed at 5718 which is 58 points up from previous close.

Nifty is moving in the range of 5640-5750 for past 8 trading session only on close above or below this level make the Nifty to move on either side.

On breaking of 5750 will lead Nifty towards 5825 .
And on breaking below 5640 will take Nifty towards 5550.

18/10/2012 Trading View

Nifty made a high of 5684 low of 5633 and closed at 5660 which is 12 points up from previous close.

Nifty came down below 5640 but some how managed to close above 5640.

Still in any rise up to 5720 it can be shorted by keeping 5735 as stop loss for the target of 5640 , 5590 and 5550 and further.

17/10/2012 Trading View

Nifty made a high of 5714 low of 5635 and closed at 5648 which is 39 points down from previous close.

Nifty made a bearish engulfing candle which gives bearish sign.

On breaking of 5635 Nifty can go towards 5600 , 5580 , and 5520.

Any up move up to 5720 can be considered shorting by keeping 5730 as stop loss for the target of 5635 , 5600 , 5580 , 5520.

16/10/2012 Trading View

Nifty made a low of 5651 high of 5693.7 and closed at 5687.25 which is 11 points up from previous close.

Nifty find resistance between 5705-5730. Support comes at 5640.

On breaking of 5640 Nifty can go towards 5550 , 5420.

Any up move up to 5720 can be considered shorting by keeping stop loss of 5735 for the target of 5650 , 5600 , 5550 and further.

15/10/2012 Trading View

Nifty made a high of 5752 low of 5659 and closed at 5676 which is 32 points down from previous close.

Nifty is trading in the range of 5670-5750. Only on breaking any of this side Nifty will move further on that direction.

In the Nifty weekly chart It has formed a bearish engulfing candle which gives bearish sign.

So on breaking 5640 it will confirm and it will move towards 5550 and to 5420.
So any rise up to 5750 can be utilized for shorting by keeping 5760 as stop loss for the target of 5670 , 5640 , 5550 and further.

12/10/2012 Trading View

Nifty made a low of 5636 high of 5621 which is 55 points up from previous close.

Nifty took support at 5636 yesterday we said at 5640 .

Now the resistance comes at 5750 and the support comes at 5670.

On breaking of either side the move will be there on breaking of 5750 it will move towards 5950 and ob breaking below 5670 it will move towards 5530.

11/10/2012 Trading View

Nifty made a high of 5686 low of 5647 and closed at 5652 which is 52 points down from previous close.

Nifty formed a bear candle.

Nifty will find minor support at 5640 on breaking this it can go towards 5530.

Any rise from here can be considered for shorting Nifty by keeping stop loss at 5750.

10/10/2012 Trading View

Nifty made a low of 5677 high of 5728 and closed at 5704 which is 28 points up from previous close.

Nifty has formed a doji or harami candle which gives bearish continuation.

On breaking of 5666 it will go towards 5590.

Any up move up to 5750 can be considered for shorting by keeping 5760 as stop loss for the target of 5690 ,5666 , 5620.

09/10/2012 Trading View

Nifty made a high of 5751 low of 5666 and closed at 5676 which is 70 points down from previous close.

Nifty came up to the resistance of 5751 and fall from there and made a bear candle.

Now Nifty on going below 5666 will move towards 5590.

And the resistance comes at 5750.

08/10/2012 Trading View

Nifty closed at 5746 for the week.

Nifty will find support in the area of 5690-5740. and the resistance comes at 5780.

On breaking of 5690 Nifty will come up to  5630.

05/10/2012 Trading View

Nifty made a low of 5751 high of 5807 and closed at 5787 which is 56 points up from previous close.

Nifty will find support at 5750 until holding this there wont be any further fall.

Now Nifty will move towards 5900.

Any dip near by 5750 can be consider for  buying by keeping 5715 as stop loss for the target of 5850 ,5900.

04/10/2012 Trading View

Nifty made a low of 5715 high of 5743 and closed at 5731 which is 12 points up from previous close.

Nifty will find resistance at 5750. The support comes at 5690.

On breaking of 5690 will confirm short term bearishness and will move towards 5638 and to 555.

02/10/2012 Trading View

Nifty made a low of 5694 high of 5722 and closed at 5718 which is 15 points up from previous close.

Nifty will find resistance between 5720-5750 on clearing this zone it will move towards 5900.

Nifty will find support at 5635 on breaking this Nifty will go down up to 5550.