01/07/2013 Trading View

01/07/2013 Trading View

Nifty closed at 5842 for the week.

Nifty will face resistance at 5950 and the support comes at 5750.

The strong support comes at 5550.

For few days Nifty is expected to consolidate with in few points before making any further big move.

28/06/2013 Trading View

28/06/2013 Trading View

Nifty made a low of 5630 high of 5699 and closed at 5682 which is 93 points up from previous close.

Nifty has closed exactly at the resistance of 5683.

Nifty will find resistance at 5750.
The support comes at 5630.

27/06/2013 Trading View

27/06/2013 Trading View

Nifty made a high of 5635  low of 5579 and closed at 5588 which is 20 points down from previous close.

Nifty has made a insider bar candle which suggest that any move above 5670 or move below 5566 there will be a drastic move.

As today is expiry day we can expect lot of volatility.

A move below 5550 will take Nifty towards 5470 .

26/06/2013 Trading View

26/06/2013 Trading View

Nifty made a low of 5570 high of 5666 and closed at 5609 which is 18 points up from previous close.

Nifty will find resistance at 5683 and 5750.

The support comes at 5550-5563 on breaking this Nifty will go towards 5470.

25/06/2013 Trading View

25/06/2013 Trading View

Nifty made a high of 5640 low of 5566 and closed at 5590 which is 77 points down from previous close.

Nifty has almost reached our target of 5550.

Those who have short positions can start booking profit as the Nifty is  falling continuously we can expect a pullback move at any time.

The resistance is at 5683 and the support is at 5550.

If Nifty breaks 5550 it will move towards 5470.

24/06/2013 Trading View

24/06/2013 Trading View

Nifty closed at 5667 for the week.

Nifty find resistance at 5750 and the support comes at 5550.

21/06/2013 Trading View

21/06/2013 Trading View

Nifty made a high of 5755 low of 5645 and closed at 5655 which is 166 points down from previous close.

Nifty will find support at 5550
The resistance comes at 5683 , 5730 and 5770.

A mild pullback is expected from here.

Fresh shorting is not advisable at this level.

20/06/2013 Trading View

20/06/2013 Trading View

Nifty made a low of 5777 high of 5828 and closed at 5822 which is 8 points up from previous close.

Nifty is having trendline resistance at 5870 area and bearish candle formation is there if unable to cross 5870 the trend will be down.

Support comes at 5770 on breaking this there is a gap of 5739-5729 it will find minor resistance here the it will go towards 5680 on breaking this it will go to 5550.

19/06/2013 Trading View

19/06/2013 Trading View

Nifty made a high of 5863 low of 5804 and closed at 5813 which is 36 points down from previous close.

Nifty has formed a bearish candle. The support comes at 5770 and the resistance comes at 5880.

On breaking 5770 it will go towards 5680 and 5550.

18/06/2013 Trading View

18/06/2013 Trading View

Nifty mad a low of 5770 high of 5854 and closed at 5850 which is 41 points up from previous close.

Nifty took support at 5770 and its in between 50 & 200 DMA.

The support comes at 5750-5770 and the resistance comes at 5890 and 5950.

The trend is seems to be down trend.

17/06/2013 Trading View

17/06/2013 Trading View

Nifty closed at 5808 for the week which is just above the 200 DMA.

Tomorrow we have RBI monetary policy announcement which will decide the market's next move.

The resistance comes at 5890 and 5950.

The support comes at 5750 and 5680. On breaking this it will go towards 5550.

14/06/2013 Trading View

14/06/2013 Trading View

Nifty made a high of 5729 low of 5683 and closed at 5699 which is 61 points down from previous close.

Nifty will find resistance at 5770.

Any rise up to here can be considered shorting by keeping 5805 as stop loss for the target of 5650 , 5550.

13/06/2013 Trading View

13/06/2013 Trading View

Nifty made a high of 5792 low of 5738 and closed at 5760 which is 28 points down from previous close.

Nifty has achieved our target of 5770.

Now a close below 5750 will take Nifty towards 5550.

The resistance comes at 5825 and 5950.

12/06/2013 Trading View

12/06/2013 Trading View

Nifty made a high of 5868 low of 5780 and closed at 5788 which is 89 points down from previous close.

Nifty has almost reached our target of 5770 only 10 points remaining.

We have captured this move from 6000.

Nifty will find support at 5750 on breaking this it will go towards 5550.

The resistance comes at 5825 and 5950.

11/06/2013 Trading View

11/06/2013 Trading View

Nifty made a high of 5931 low of 5857 and closed at 5878 which is 3 points down from previous close.

Nifty is not able to rise and on any rise its loosing its strength.

Now on breaking 5868 it will go towards 5770. and further.

Any rise can be considered shorting up to 5970.

10/06/2013 Trading View

10/06/2013 Trading View

Nifty closed at 5881 for the week.

Nifty is not able to rise and on any rise its loosing its strength.

Now on breaking 5868 it will go towards 5770. and further.

Any rise can be considered shorting up to 5970.

07/06/2013 Trading View

07/06/2013 Trading View

Nifty made a low of 5869 high of 5956 and closed at 5921 which is 2 points down from previous close.

As said any rise in Nifty can be considered shorting and the Nifty closing is below 5930 it will go towards 5770 and further.

06/06/2013 Trading View

06/06/2013 Trading View

Nifty made a high of 5935 low of 5883 and closed at 5923 which is 4 points up from previous close.

Nifty exactly came to our resistance of 5930.

Any rise can be considered shorting for the target of 5770.

05/06/2013 Trading View

05/06/2013 Trading View

Nifty made a high of 5981 low of 5910 and closed at 5919 which is 19 points down from previous close.

As the Nifty has closed below 5930 it seems it will fall further towards 5770.

Any rise up to 5980 can be shorted by keeping 6010 as stop loss for the target of 5850 and 5770.

04/06/2013 Trading View

04/06/2013 Trading View

Nifty made a high of 6011 low of 5916 and closed at 5939 which is 46 points down from previous close.

As said in yesterday's post a close below 5930 is needed to drag the Nifty down further.
As the trend is down any rise can be considered for shorting.
A mild pullback is expected from here which will go towards 6000.

Nifty will find support at 5935. A close below 5930 will drag the Nifty further 200 points down.

The resistance comes at 6070 and 6135.

03/06/2013 Trading View

03/06/2013 Trading View

Nifty closed at 5985 for the week.

Nifty will find support at 5935. A close below 5930 will drag the Nifty further 200 points down.

The resistance comes at 6070 and 6135.