01/01/2013 Trading View

Nifty closed at 5905 for the year . Nifty is up 27 percent for the year.

Nifty is at crucial stage its finding difficult to cross 5950.

For moving further in the upside Nifty has to cross 5965 on closing basis .

Until that Nifty can be shorted up to 5950 by keeping stop loss of 5970 for the target of 5845 and further.

Nifty on breaking below 5840 it can go towards 5700.

31/12/2012 Trading View

Nifty closed at 5908 for the week.

Nifty is still stuck in the range of 5825-5965 only on break of any of this level the next move will be there.

As today is the last trading day of this year stock hunting will be there to increase the NAV so we can expect some move in stock specific.

Nifty on breaking 5965 can go towards 6100 and in down side breaking below 5825 can go towards 5700.

28/12/2012 Trading View

Nifty made a high of 5930 low of 5864 and closed at 5870 which is 35 points down from previous close.

Nifty has fall at last 30 minutes and it has maintained above 5825 for the whole expiry.

If in today's trade if in crosses below 5825 then it can go towards 5777 and further to 5700.

27/12/2012 Trading View

Nifty made a low of 5859 high of 5917 and closed at 5905 which is 49 points up from previous close.

Nifty made a good bounce from 5859 and its maintaining the support of 5840.

As Nifty is having Trendline resistance in the hourly chart it can be considered buying Nifty 5900PE if it comes to 5934 level it will be available for Rs5 and we can wait for Rs24. This is applicable only for today's trading only as today its FNO settlement.

26/12/2012 Trading View

Nifty closed at 5855.
Nifty is ranging between 5825-5965 from the beginning of this expiry . We can expect a breakout at any of the side in this week so trade cautiously with strict stop loss.

Breaking of 5825 will lead towards 5750 and further. and Breaking above 5965 will lead towards 6100.

24/12/2012 Trading View

Nifty closed at 5847 for the week
Nifty is ranging between 5825-5965 from the beginning of this expiry . We can expect a breakout at any of the side in this week so trade cautiously with strict stop loss.

Breaking of 5825 will lead towards 5750 and further. and Breaking above 5965 will lead towards 6100.

21/12/2012 Trading View

Nifty made a low of 5881 high of 5937 and closed at 5916 which is 13 points down from previous close.

Nifty is still struck in the range .
Nifty will have support at 5880 and the next support comes at 5840.
The resistance comes at 5965 on crossing above this it can go towards 6100.

20/12/2012 Trading View

Nifty made a low of 5910 high of 5939 and closed at 5929 which is 32 points up from previous close.

Nifty opened gap up and was range bounding for the day.

Nifty will have support at 5900 and the next support comes at 5840.
The resistance comes at 5965 on crossing above this it can go towards 6100.

19/12/2012 Trading View

Nifty made a low of 5823 high of 5905 and closed at 5896 which is 39 points up from previous close.

Nifty made a good come back from the low and closed near the high.

Nifty on crossing 5905 will go towards 5950 on further.

Nifty finds support at 5823.

18/12/2012 Trading View

Nifty made a high of 5886 low of 5850 and closed at 5857 which is 21 points down from previous close.

Nifty has struck in a range bound mode. Today it will get the answer for that from the RBI's monetary policy announcement.

Nifty is having support at 5840 and the resistance comes at 5950
A move below 5840 will take Nifty to wards 5777 and further and a move above 5950 will take towards 6000 and further.

Today we can expect lot of volatility so trade with strict stop losses.

17/12/2012 Trading View

Nifty made a low of 5839 high of 5886 and closed at 5879 which is 28 points up from previous close.

Nifty made a double bottom level at 5840 which makes 5840 level as stronger on can be bullish until this level is not broken.

So we can consider buying at this level by keeping 5830 as stop loss for the target of 5900 , 5945 and further.

14/12/2012 Trading View

Nifty made a high of 5907 low of 5841 and closed at 5851 which is 36 points down from previous close.

Nifty has tested the 5841 and took support .

As today Inflation data is getting released there will be lot of volatility.

The next support for Nifty comes at 5777.

13/12/2012 Trading View

Nifty made a high of 5924 low of 5874 and closed at 5888 which is 10 points down from previous close.

Nifty will find support at 5840-5865 and resistance at 5950.

On going below will take Nifty towards 5770 and on closing above 5950 it will go towards 6100.

12/12/2012 Trading View

Nifty made a high of 5965 low of 5865 and closed at 5898 which is 10 points down from previous close.

Nifty crossed 5950 but it was not able to sustain over there.

Nifty will find support at 5840 and 5770.

Nifty on closing above 5950-5980 will lead towards 6100.

11/12/2012 Trading View

Nifty made a low of 5888 high of 5919 and closed at 5908 which is 1 point up from previous close.

Nifty finds support at yesterday's high .

The support for the Nifty comes at 5835 and the resistance comes at 5950.

A move above 5950 will take Nifty towards 6000 and 6080.

As the trend is positive any dips can be considered for buying .

If Nifty comes to 5840 or 5800 it can be considered buying by keeping 5785 as stop loss for the target of 5945 and further.

10/12/2012 Trading View

Nifty closed at 5907 for the week .

The support for the Nifty comes at 5835 and the resistance comes at 5950.

A move above 5950 will take Nifty towards 6000 and 6080.

As the trend is positive any dips can be considered for buying .

If Nifty comes to 5840 or 5800 it can be considered buying by keeping 5785 as stop loss for the target of 5945 and further.

07/12/2012 Trading View

Nifty made a low of 5838 high of 5942 and closed at 5930 which is 30 points up from previous close.

Nifty came to the support level as we discussed yesterday and made a spectacular rally from there.

Nifty will find resistance at 5950 on closing above this it will take the Nifty towards 6000 and further.

06/12/2012 Trading View

Nifty made a high of 5917 low of 5891 and closed at 5900 which is 11 points up from previous close.

Nifty is holding the bullish momentum and still bulls are intact .

Nifty will find support at 5880 and 5850 .

Any dip near this zone can be considered buying by keeping 5840 as stop loss for the target of 5940 and further.

05/12/2012 Trading View

Nifty made a low of 5859 high of 5894 and closed at 5889 which is 18 points up from previous close.

Nifty made a bullish engulfing candle which shows still bullish momentum is there.

Until holding of 5850 Nifty will go towards 5950.

04/12/2012 Trading View
Nifty made a high of 5899 low of 5854 and closed at 5870 which is 8 points down from previous close.

On crossing 5900 Nifty will go towards 5950 and move below will take Nifty towards 5800.

Until holding of 5700 Nifty will be bullish.

03/12/2012 Trading View

Nifty closed at 5879 for the week. This week Nifty made a tremendous move of 4.5%.

The next resistance for the Nifty comes at 5950.

The support comes at 5815.