01/02/2013 Trading View

Nifty made a high of 6058 low of 6025 and closed at 6034 which is 21 points down from previous close.

Nifty was ranging between 5990-6110 for the past 13 trading sessions as the settlement was over it will start moving in a direction.

The resistance comes at 6110 and the support comes at 5990.

On crossing 6110 it can go towards 6200 and on crossing 5990 it will go towards 5990.

31/01/2013 Trading View

Nifty made a high of 6071 low of 6044 and closed at 6055 which is 5 points up from previous close.

As today is expiry there will be lot of volatility so trade cautiously.

Nifty is having resistance at 6110 and support at 5990.

If it crosses 6110 it will go towards 6200 and going below 5990 will go towards 5900.

30/01/2013 Trading View

Nifty made a high of 6111 low of 6042 and closed at 6049 which is 24 points down from previous close.

Profit booking has been seen at 6111 level  which drag the Nifty towards 6042 level .

Now any rise can be considered shorting by keeping 6120 as stop loss for the target of 6020 , 5990 and 5950.

29/01/2013 Trading View

Nifty made a low of 6061 high of 6088 and closed at 6074 which is flat from previous close.

As today is the RBI monetary policy announcement the policy will decide the Nifty's move.

Nifty is having support at 5990 and the resistance comes at 6101.

If it crosses 6101 it can go towards 6150 and further , if it goes below 5990 it will go towards 5950 , 5920 , 5850 and further.

28/01/2012 Trading View

Nifty closed at 6074 for the week.

Nifty will find resistance at 6103 level till this level is not broken it can be considered shorting by keeping 6110 as stop loss for the target of 6020 , 5990 and further.

As this week we have monetary policy announcement that will decide the further movement.

25/01/2013 Trading View

Nifty made a high of 6065 low of 6007 and closed at 6019 which is 34 points down from previous close.

Nifty resistance has come down to 6040 and 6070 .

All the indices are falling down but Nifty is still not giving up.

But there is a chance for Nifty to fall .

The support for Nifty comes to 5990 , 5950 and 5850.

24/01/2012 Trading view

Nifty made a high of 6069 low of 6021 and closed at 6054 which is 5 points up from previous close.

As we said yesterday market gave up but rebounded in the last hour.
Now the stop losses can be moved to 6080 in the sell side the support comes at 5990 and the next support comes at 5950 and 5850.
Any rise up to 6075 can be considered shorting by keeping 6080 as stop loss for the target of 6040 , 5990 and further.

23/01/2013 Trading view
Nifty made a high of 6101 low of 6040 and closed at 6048 which is 33 points down from previous close.

Nifty as suspected gave up from the top , now the resistance comes at 6080 any up move up to here can be considered shorting by keeping 6105 as stop loss for the target of 6040 , 5990 and 5940.

22/01/2013 Trading View

Nifty made a high of 6094 low of 6065 and closed at 6082 which is 17 points up from previous close.

Nifty has closed above the previous high but day by day the real bodies are small the gives a suspicious in the market.
RSI is forming negative divergence but a price confirmation is needed until holding of 6065 it will be in upward.
So 6065 is the support area.

21/01/2012 Trading View

Nifty closed at 6064 for the week.

Nifty has closed above 6054 but it has formed a doji which at this higher level is suspicious.

If today's open is below 6050 then it will drag the Nifty down wards.

In the other case if opens above 6065 then it will be moving towards 6125 and further.

18/01/2012 Trading View

Nifty made a low of 5988 high of 6053 and closed at 6039 which is 37 points up from previous close.

Nifty is having support at 5990 and below that 5940 .

Nifty will be roaming between the area 5940-6070.

On breaking of any of this side will take nifty 100 points movement.

So sell at resistance buy at support can be utilized.

17/01/2013 Trading View

Nifty made a high of 6055 low of 5992 and closed at 6001 which is 54 points down from previous close.

Nifty is having support at 5990 and below that 5940 .

Nifty will be roaming between the area 5940-6070.

On breaking of any of this side will take nifty 100 points movement.

So sell at resistance buy at support can be utilized.

16/01/2013 Trading View
Nifty made a low of 6018 high of 6068 and closed at 6056 which is 32 points up from previous close.

Nifty has passed 6055 so now it will move towards 6100 and further.

The support for Nifty comes at 5920.

15/01/2012 Trading View

Nifty made a low of 5962 high of 6036 and closed at 6024 which is 72 points up from previous close.

Nifty is looking for another up move which can take it up to 6100.

Those who have shorted can keep 6055 as stop loss  for the target of 5950 and further.

14/01/2013 Trading view

Nifty closed at 5951 for the week.

Nifty made a high of 6041 for the week and was not able to go above that.

Nifty has formed three candles continuously and was not able to move up on the INFY's surprise also which shows that market is going to fall even a small negative news will make Nifty fall

Any rise in Nifty can be considered for shorting by keeping 6050 as stop loss for the target of 5920 , 5840 and further.

11/01/2013 Trading View

Nifty made a high of 6005 low of 5947 and closed at 5968 which is 2 points down from previous close.
Today we have two main events scheduled Infosys result and IIP number.

Nifty made a gap up open today but filled the gap eventually.

5920 is the support region and the resistance comes at 6020 .

Any break above are below will make 100 points move on either side.
We can be of lot of volatile today so trade with strict stop loss.

10/01/2013 Trading View

Nifty made a high of 6020 low of 5958 and closed at 5971 which is 30 points down from yesterdays close.
Nifty made a bearish engulfing candle .
As we suspected Nifty fall down those who have initiated short can hold for 5920 and further.
Now Nifty will move towards 5920 it it broke 5910 then it can go towards 5800.

09/01/2013 Trading View

Nifty made a high of 6007 low of 5964 and closed at 6001 which is 13 points up from previous close.

Nifty will find resistance at 6030 , today it has closed one gap and one more gap is ta 5917-5934 which can be filled.

Any up move up to 6030 can be shorted by keeping 6040 as stop loss for the target of 5970 , 5920 and further.

08/01/2013 Trading View

Nifty made a high of 6042 low of 5977 and closed at 5988 which is 27 points down from previous close.

As suspected Nifty fall down not able to close above 6025 ,
RSI also formed a negative divergence now Nifty will move towards 5940.
Any rise can be considered shorting

07/01/2013 Trading View

Nifty closed at 6016 for the week.

Nifty has closed above 6000 in this year, but volumes are not convincing.

Nifty is finding difficult to move it has to cross 6025 to move further on crossing this it can go towards 6100.

The support comes at 5965 .

Any dip up to here can be considered buying by keeping 5945 as stop loss for the target of 6000 and further.

04/01/2013 Trading View

Nifty made a low of 5986 high of 6017 and closed at 6009 which is 16 points up from previous close.

Nifty made a spinning top candle.

Nifty is finding difficult to move it has to cross 6025 to move further on crossing this it can go towards 6100.

The support comes at 5965 .

Any dip up to here can be considered buying by keeping 5945 as stop loss for the target of 6000 and further.

03/01/2013 Trading View
Nifty made a low of 5982 high of 6006 and closed at 5993 which is 42 points up from previous close.

Nifty has finally closed above 5965 int he new year

Now any dip up to 5950 can be considered buying by keeping 5925 as stop loss for the target of  6030 , 6090.

02/01/2013 Trading View

Nifty made a low of 5935 high of 5963 and closed at 5950 which is 45 points up from previous close.

Nifty made a good opening for this year but still the 5965 level is not surpassed which gives little suspicious and volume also was less.

If today it crossed 5965 ad closed above this then we can have move towards 6100 and further.

If in the case it was not able to move above 5965 then the support comes at 5900 and 5840.