31/05/2013 Trading View

31/05/2013 Trading View

Nifty made a low of 6072 high of 6133 and closed at 6124 which is 19 points up from previous close.


Nifty is having support at 6065 and resistance between 6125-6150.

On crossing 6150 it will go towards 6230.

Mostly Nifty is looking bullish.

30/05/2013 Trading View

30/05/2013 Trading View

Nifty made a low of 6069 high of 6125 and closed at 6104 which is 6 points down from previous close.

Nifty is having support at 6065 and resistance between 6125-6150.

On crossing 6150 it will go towards 6230.

29/05/2013 Trading View

29/05/2013 Trading View

Nifty made a low of 6055 high of 6127 and closed at 6111 which is 28 points up from previous close.

Nifty found support at 6055 as of now it will remain as support which is 20 DMA.

On crossing 6150 it will go towards 6230.

28/05/2013 Trading View

28/05/2013 Trading View

Nifty made a low of 5975 high of 6099 and closed at 6083 which is 99 points up from previous close.

Nifty formed a pinbar in the support area which is a positive sign for the market.

Now Nifty will move towards 6150 .

The support comes at 5940.

On crossing 6150 it will go towards 6230.

27/05/2013 Trading View

27/05/2013 Trading View

Nifty closed at 5983 for the week.

Nifty has corrected near by 38.2% of the move.

The support comes between 5920-5950 on taking support in this area it will go towards 6050.

If it breaks this zone it will move towards 5850.

There is high probability of taking support between 5920-5950. 

24/05/2013 Trading View

24/05/2013 Trading View

Nifty made a high of 6081 low of 5951 and closed at 5967 which is 127 points down from previous close.

Nifty has closed below 5970 which will further take Nifty towards 5850.

The resistance is at 6000 rise up to here can be shorted by keeping 6020 as stop loss for the target of 5950 , 5900 and 5850.

23/05/2013 Trading View

23/05/2013 Trading View

Nifty made a high of 6147 low of 6074 and closed at 6094 which is 19 points down from previous close.

The resistance comes at 6150 and the support comes at 6000.

Any rise up to 6140 can be shorted by keeping 6155 as stop loss for the target of 6060 and 6010.

22/05/2013 Trading View

22/05/2013 Trading View

Nifty made a high of 6180 low of 6102 and closed at 6114 which is 42 points down from previous close.

Nifty support area at 6146-6100 and the resistance at 6229.

On breaking 6100 it will go towards 6000. And on breaking 6230 it will go towards 6300.

21/05/2013 Trading View

21/05/2013 Trading View

Nifty made a high of 6229 low of 6146 and closed at 6156 which is 30 points down from previous close.

Nifty support area at 6146-6110 and the resistance at 6229.

On breaking 6110 it will go towards 6000. And on breaking 6230 it will go towards 6300.

20/05/2013 Trading View

20/05/2013 Trading View

Nifty closed at 6172 for the week.

Nifty will find  support between 6110-6130 and the resistance comes between 6200-6220.

On crosses 6220 it will move towards 6330.

If it goes below 6110 it will go towards 6000.

So if Nifty comes near 6120 it can be considered buying by keeping 6090 as stop loss for the target of 6200 and further.

17/05/2013 Trading View

17/05/2013 Trading View

Nifty made a low of 6128 high of 6187 and closed at 6169 which is 23 points up from previous close.

Nifty will find support at 6110 and it will go towards 6200.

If Nifty comes near 6120 it can be considered buying by keeping 6090 as stop loss for the target of 6200 and further.

16/05/2013 Trading View

16/05/2013 Trading View

Nifty made a low of 6018 high of 6157 and closed at 6145 which is 151 points up from previous close.

As said on yesterday's post if Nifty crosses 6030 it will go towards 6110 it attained the target today itself.

Now Nifty will find support at 6110 .

If Nifty comes near 6120 it can be considered buying bu keeping 6090 as stop loss for the target of 6200 and further.

15/05/2013 Trading View

15/05/2013 Trading View

Nifty made a low of 5970 high of 6026 and closed at 5995 which is 14 points up from previous close.

Nifty took support at 5970 and the resistance comes at 6030.

On crossing 6030 it will go towards 6110.

5930-5970 acts as support area on breaking this it will go towards 5850.

14/05/2013 Trading View

14/05/2013 Trading View

Nifty made a high of 6104 low of 5972 and closed at 5980 which is 126 points down from previous close.

Nifty took support exactly at our level 5970.

Now the area between 5930-5970 remains as support and the resistance comes at 6115.

On breaking or 5930 it will go towards 5850.

13/05/2013 Trading View

13/05/2013 Trading View

Nifty closed at 6107 for the week.

Nifty has come to the crucial level .we have to see whether its going to cross 6120 or not .

On crossing 6120 it will go towards 6170 and ton crossing this it will go towards 6300.

The support comes at 6000 and 5970.

10/05/2013 Trading View

10/05/2013 Trading View

Nifty made a high of 6084 low of 6040 and closed at 6050 which is 19 points down from previous close.

Nifty will find resistance at 6110 and support at 5970.

On crossing 6110 it will go towards 6200  and on going below it will go towards 5920 and to 5850.

09/05/2013 Trading View

09/05/2013 Trading View

Nifty made a low of 6024 high of 6083 and closed at 6069 which is 25 points up from previous close.

Nifty will find support at 5970 .

Now Nifty will find resistance at 6110.

On crossing this it will go towards 6200.

08/05/2013 Trading View

08/05/2013 Trading View

Nifty made a low of 5982 high of 6050 and closed at 6043 which is 72 points up from previous close.

Nifty made a good move it will move towards 6100 and the support comes at 5930.

07/05/2013 Trading view

07/05/2013 Trading view

Nifty made a high of 5976 low of 5928 and closed at 5971 which is 27 points up from previous close.

Nifty is holding the 5930 level until holding this level we can see a rise towards 6020.

But on breaking 5910-5930 it will go towards 5750.

06/05/2013 Trading View

06/05/2013 Trading View

Nifty closed at 5944 for the week.

Nifty closed below the support level of 5960.

Now it will find resistance at 5960-5970 level so it it comes near this it can be shorted by keeping 6005 as stop loss for the target of 5860.

03/05/2013 Trading View

03/05/2013 Trading View

Nifty made a low of 5910 high of 6019 and closed at 5999 which is 69 points up from previous close.

Nifty has passed the 5968 level today  Now it will act as support .

As today is the RBI monetary policy announcement it will decide the further trend.

Nifty will find resistance at 6070 and 6110.

02/05/2013 Trading View

02/05/2013 Trading View

Nifty made a high of 5962 low of 5867 and closed at 5930 which is 26 points up from previous close.

As we discussed yesterday Nifty found resistance exactly at our resistance .


Nifty will find resistance at 5967 and the support comes at 5850. This area will be crossed at the RBI monetary policy announcement which is scheduled on Friday.

On breaking 5820-5850 it will go towards 5750.