Nifty View for 01.02.2012

Nifty opened today with a gap up and went one way up in the closing hour to close at 5199.25.We have not made a new high yet and could be termed as double top.But no clear signals to short yet.We are cross-roads on spot nifty.The first chart show the zone of faster retracement i.e. from 5215 to 5315.We have had two gaps in the said zone.If we open gap up again tomorrow then we may try to reach 5315.The second chart show the zone on chart and RSI marked yesterday.We did not get the opportunity to short as RSI took support at 60 level and bounced from there.We may get a clear opportunity soon till then no commitments and play safe.The month of February has many astrological events occuring simultaneously and it will swing wildly on both sides.So work with strict stop loss and keep intraday view till 10 February(particularly 3rd Feb).Positional traders may get trapped so be careful.Intraday traders can look at the levels on spot nifty to trade on 01.02.2012.

Spot Nifty levels for intra-day trade on 01.02.2012
No trade between 5181 and 5217(to avoid whipsaws)
Buy above 5217 with SL of 5197 
for targets of 5235-5257(breakout  level on the upside,add positions) 5272-5290-5308-5326-5344-5363.

Sell below 5181 with SL of 5201 
for targets of 5163-5145(breakdown level on downside, add positions)-5127 -5109-5091-5074- 5056- 5038.

Happy Trading !

Nifty View for 31.01.2012

Nifty has found resistance at the channel top i.e.channel of sorrow for investors from Nov 2010.But the channel top has been tested many times which is to be noted.Whenever a resistance is hit many times it becomes weak so the possibility of breaking over it increases.So one should keep this in mind.Still the channel has been respected by nifty which is amazing how simple technical's work in markets.Those who could follow the channel would have made huge profits.The red trendline's shown in chart need to be watched for further clues on Nifty.Positional traders can short the nifty if it goes below the 60 mark on RSI with targets of 40 mark on RSI.If the 60 level of RSI is sustained then the move may gain momentum on the upside.Intraday traders can look at the levels on spot nifty given below to trade on 31.01.2012.

Spot Nifty levels for intra-day trade on 31.01.2012
No trade between 5105 and 5065(to avoid whipsaws)
Buy above 5105 with SL of 5085 
for targets of 5123-5141(breakout  level on the upside,add positions) 5159-5177-5195-5213-5231-5249.

Sell below 5065 with SL of 5085 
for targets of 5052-5034(breakdown level on downside, add positions)-5016 -4998-4981-4963- 4945- 4928.

Happy Trading !

Nifty View for 30.01.2012

Nifty has closed above 5200 a strong weekly close.Its been a dream run from the start of the year or last week of the previous year.The rally is yet not confirming any reversal signal.So no shorts are yet to be taken.Those who feel missed out can take a covered call of buying nifty future and selling 5200CE and then move on as per the markets.Positional traders need watch the levels of 5200-5225 for resistance as mentioned earlier.On Monday we need to look whether fresh positions are opened for the rally to continue.The ADX  positive DI has reached above 40.The spread between the positive DI and negative DI need to be watched.The momentum indicator is still pointing its head up confirming the uptrend.Positional traders can buy above 5240 if it comes with stop loss of 5220.Intraday traders can look at the levels on spot nifty given below for trades on 30.01.2012

Spot Nifty levels for intra-day trade on 30.01.2012
No trade between 5223 and 5187(to avoid whipsaws)
Buy above 5223 with SL of 5203 
for targets of 5241-5259(breakout  level on the upside,add positions) 5277-5295-5313-5331-5349-5368.

Sell below 5187 with SL of 5207 
for targets of 5169-5151(breakdown level on downside, add positions)-5133 -5115-5097- 5079- 5061-5043.

Happy Trading !

NIFTY VIEW FOR 27.01.2012

What a cracking expiry on Nifty on close at 5158.30.The bears may be thinking "Why this kolavari di".Jokes apart bulls have been relentless in this expiry and successful put writing was seen from 4500-5100 in all seven series.We are at the LOC as shown in chart.It will be make or break for Nifty.We will not rush into in it for taking positions but patiently wait and watch.The 5200-5225 seems to be the resistance zone.We need a weekly close above the channel or at least four daily close above it to confirm the move.We need to see if any distributive pattern is formed at the top of channel.On the ADX the positive DI line has nearly reached the 40 level which is a formidable level.."The move may face resistance nearing the 40 level mark. Also the positive DI must remain above the negative DI and also remain above the trendline shown in the above chart to achieve the targets "I had observed this on 18.01.2012 post.Now we are there so we need to observe the ADX indicator for change in trend.Trend is up with no reversal yet.Positional call is booked at 5131 and we wait for confirmation of trend with patience and discipline.Our unique trading trading system call is still open from 4905 and no signal to sell yet .Intraday players can look at the levels on spot nifty to trade on 27.01.2012.

Spot Nifty levels for intra-day trade on 27.01.2012
No trade between 5140 and 5176(to avoid whipsaws)
Buy above 5176 with SL of 5156 
for targets of 5194-5212(breakout  level on the upside,add positions) 5230-5248-5267-5285-5303-5321.

Sell below 5140 with SL of 5160 
for targets of 5122-5104(breakdown level on downside, add positions)-5086 -5069-5051- 5034- 5015-4997.

Happy Trading !

Nifty View for 25.01.2012

NIFTY CYCLE TARGET OF 5076 ACHIEVED TODAY GIVEN ON 14.01.2012

(3 DAYS EARLIER ).

Nifty has been on rampage today boosted by the breakout above 5100 earlier swing high.Nifty mad a high of 5141.05 and closed at 5127.35.On 20.01.2012 target given was 5131 which was achieved.Hope positional traders following have booked profits there.I had advised to keep bookings profits regularly and keep trailing stop loss to avoid erosion of your well earned profit and also your well earned money.We are out of positional call now with profits of 5131-5000=131 points on spot nifty.Those readers who could follow me with discipline needed have made the profits.We are nearing the resistance zone so we adopt a wait and watch policy now.Let the trend decide what it wants do.We enter gain if it sustains above the downward channel top from Nov 05 2010 or we fall again into the downward channel of sorrow for investors.In the short term rising channel shown we are also at the top of the intermediate channel.Watch the two lines in the middle.Below the lower line we retrace down to the bottom of the intermediate channel and above the upper line we move to the top of the intermediate channel.Positional Traders who could not book today can trail with stop loss of 5110 tomorrow.Intraday traders can look at the levels given below to trade on 25.01.2012.

Spot Nifty levels for intra-day trade on 25.01.2012
No trade between 5109 and 5145(to avoid whipsaws)
Buy above 5145 with SL of 5125 
for targets of 5162-5179(breakout  level on the upside,add positions) 5196-5213-5230-5247-5263-5280.

Sell below 5109 with SL of 5129 
for targets of 5098-5082(breakdown level on downside, add positions)-5065 -5048-5031- 5014- 4997-4980.

Happy Trading !.

Nifty View for 24.01.2012

Nifty has been range bound today making a lower high of 5059.55 against a high of 5064.15 on Friday.For change in trend we need a lower low below the low of 5004.30 on Friday.So we need to watch both levels tomorrow and take positions accordingly.Till then the trend is up for nifty.The ADX indicator is supporting the move strongly.The negative DI is headed down, positive DI is still up and the momentum ADX is in up direction.Positional traders who are long can trail with stop loss of 5030.Intraday traders can look at the levels on spot nifty given below for trade on 24.01.2012.

Spot Nifty levels for intra-day trade on 24.01.2012
No trade between 5028 and 5064(to avoid whipsaws)
Buy above 5066 with SL of 5046  
for targets of 5082-5100(breakout  level on the upside,add positions) 5118-5136-5154-5172-5190-5207.

Sell below 5028 with SL of 5048 
for targets of 5010-4992(breakdown level on downside, add positions)-4975 -4957-4939- 4922- 4904-4887.
Happy Trading !

Nifty View for 23.01.2012.

Are we entering into resistance zone for nifty? Are we are looking at double top scenario on spot nifty. Will nifty sustain above it! This rally on nifty is the "Rally of Disbelief".Traders  and investors were both caught on wrong foot.In this series serious shorts have been trapped with short covering happen at every rise.Will nifty provide relief to bears till expiry is to be seen ahead.One lesson to be learnt from this rally is never question the trend.Also never short against the trend.Profits are to be made by following the trend and not doubting it at every level and questioning how much more will it rise.The last ditch high made in closing hours of Friday has created small doubt and prompted to book profits for the week.Positional Traders are long as per our call with buy at 5000 level with stop loss of 4980.The trend is up and no reversal of it is confirmed.We need to be cautious around the 5100 level of earlier top.This week being expiry week one can book profits and play safe for expiry and let the trend decide which way it wants to go.The resistance zones are shown in chart. Astro events suggest minor reversal so one need to be vigilant for it.Use stop loss levels as per risk capacity and keep booking profits.Expiry will be on 25.01.2012 for Jan series due to Republic Day Holiday on 26.01.2012(Last Thursday of month).Intraday traders can look at the levels given below for trade on spot nifty for 23.01.2012.

Spot Nifty levels for intra-day trade on 23.01.2012
No trade between 5031 and 5066(to avoid whipsaws)
Buy above 5066 with SL of 5046  
for targets of 5084-5102(breakout  level on the upside,add positions) 5120-5138-5156-5174-5192-5209.

Sell below 5031 with SL of 5051 
for targets of 5013-4995(breakdown level on downside, add positions)-4978 -4960-4942- 4925- 4907-4890.
Happy Trading !

LEARN AND EARN(HANDSOME PROFITS)

As you are aware of the various courses offered by me and Advisory Services offered.I would like to update the Unique Trading method designed by me for this current rally of nifty.

1) Buy at open on  21.12.2011 at 4636  Sell at open on 28.12.2011 at 4757 . Profit 121 points.(Reversed Positions)

2) Sell at open at 4757 on 28.12.2011 Buy at open on 4675 on 03.01.2012. Profit 82 points(Reversed Positions)

3) Buy at open at 4675 on 03.01.2012 Sell at open on 4725 on 06.01.2012.Profit 50 points(Reversed Positions).

4) Sell at open at 4725 on 06.01.2012 and bought at same day at 4690.Profit 35 points(Reversed positions)

5) Buy at 4690 on 06.01.2012 Sell at open at 4840 on 12.01.2012.Profit 150 points(Reversed Positions)

6) Sell at 4840 at open on 12.01.2012 Buy at open on 13.01.2012 as system stop loss at 4863.Loss of 23 points(Position not reversed as per system stop loss triggered.)

7)No buy or Sell signal upto 17.01.2012 as per system.Need to have patience while trading and manitain discipline.Money Saved is Money Gained.

8) Buy at open on 17.01.2012 at 4905.The position is on hold as system has not given SELL Signal.

The results are given here for perusal.Stop losing money.Learn a unique Trading System which will work on any commodity  and on any time frame.Invest money and time in knowledge and then try to conquer the markets.Without proper knowledge you will be at the mercy of others.Taking advice from other(free tips) is injurious to portfolio health.

Invest only Rs 6000/- and earn life-long!!!!!

Those interested in learning the unique system can 

mail me at kbr9121965@yahoo.com.

Mobile 9870140049.

Happy Trading !!!!

Nifty View for 20.01.2012

Nifty is moving up slowly towards our target of 5076 given on 14.01.2012 as per Nifty Cycle update.Looking at the chart nifty looks in strong hands and has just popped its head out from the ichomoku clouds.As per the system its a buy as its a breakout.Caution is advised as in earlier trend high nifty could not sustain above the ichimoku clouds.As we passed the 100 EMA  ideal target of 200 EMA at 5131 on spot nifty.The ADX indicator is now supporting the move as can be seen from the chart.Positional traders are long as per call given yesterday and the targets given are valid for this up move.Still one needs to be cautious and work with strict stop losses after such a run up and expiry looming overhead as swings on both sides will be seen from now on.Positional traders are advised to keep small targets and book profits regularly hereon.Intraday traders can look at levels given below on spot nifty for trading on 20.01.2012.

Spot Nifty levels for intra-day trade on 20.01.2012
No trade between 5001 and 5036(to avoid whipsaws)
Buy above 5036 with SL of 5016  
for targets of 5054-5072(breakout  level on the upside,add positions) 5089-5105-5123-5140-5158-5175.

Sell below 5001 with SL of 5023 
for targets of 4984-4967(breakdown level on downside, add positions)-4950 -4932-4915- 4897- 4880-4862.
Happy Trading !

Nifty View for 19.01.2012

Nifty faced resistance at 100 EMA and is in the ichimoku cloud.It needs a move above the cloud to build further momentum i.e. above 4965 on spot nifty.If it clears the hurdle it may reach the 200 EMA level of 5135.If it moves down then the supports are at 4836 and 4756.Positional traders needs to wait for further entry after being stopped out today.If it breaks above 5000 then enter with a stop loss of 4980 for targets of 5034-5078-5135.Below 4895 it may touch 4865- 4836-4785.It may be noted that nifty was resisted at this juncture in earlier move.So one needs to wait patiently for the markets to make a move.Intraday traders can look at the levels given below for trade on spot nifty for 19.01.2012.

Spot Nifty levels for intra-day trade on 19.01.2012
No trade between 4938 and 4973(to avoid whipsaws)
Buy above 4973 with SL of 4953  
for targets of 4990-5007(breakout  level on the upside,add positions) 5024-5041-5058-5075-5092-5119.

Sell below 4938 with SL of 4958 
for targets of 4921-4904(breakdown level on downside, add positions)-4887 -4870-4853- 4836- 4819-4802.
Happy Trading !

Nifty View for 18.01.2012

Nifty has finally broken out with a huge gap today and approaching the 5000 mark.What a turn around of fortunes has this series been for investors who have had patience and stuck to their holding in portfolios.Last few days while Nifty was hovering at 4800 and 4900 levels the stocks have moved in a huge way.One can say a great number of stocks have outperformed the nifty.Now what ahead for nifty.Now for spot nifty chart shows us support at 4850 and resistance at 5082 .The fibo fans shows how nifty has been taking supports all along the move.Today its has taken out the resistance with a gap as seen from the charts.Positional traders following the blog are in profits.They can hold positions with a stop loss of 4950 on spot nifty.Those who missed out on the rally could still enter above 4970 with a strict stop loss of 4950 with targets of 5082 on spot nifty.The ADX indicator is finally turning its head and the positive DI has moved substantially above the negative DI.The move may face resistance with the positive DI nearing the 40 level mark.Also the positive DI should maintain above the negative DI and also remain above the trendline shown on chart to achieve the targets.Yesterday 5000CE was given to clients for buy at 22.50 and today booked at 51.Intraday traders can look at the levels given below to trade on spot nifty for 18.01.2012.

Spot Nifty levels for intra-day trade on 18.01.2012
No trade between 4950 and 4985(to avoid whipsaws)
Buy above 4985 with SL of 4965  
for targets of 5002-5019(breakout  level on the upside,add positions) 5036-5053-5070-5087-5104-5121.

Sell below 4950 with SL of 4970 
for targets of 4933-4916(breakdown level on downside, add positions)-4899 -4882-4865- 4848- 4831-4814.
Happy Trading !

NIfty View for 17.01.2012

Nifty has had another higher close but without a new high.Spot nifty is positive above 4856 with supports at 4837 and 4798.The trend is positive till it is above the 4754 level. Positional traders can be long above 4850 with 4820 as stop loss for targets of 4955-4989-5044.Spot Nifty is not showing any momentum with the ADX indicator still having its head down.Also the positive DI and negative DI are still not giving any clear signals.The fibonacci projections show the levels of 4958-5021-5123 as shown in chart.It should break above 4900 for any momentum else it will be still in range of 4820-4920.Intraday traders can look at the levels given below for trade on spot nifty for 17.01.2012.

Spot Nifty levels for intra-day trade on 17.01.2012
No trade between 4856 and 4891(to avoid whipsaws)
Buy above 4891 with SL of 4871  
for targets of 4909-4926(breakout  level on the upside,add positions) 4943-4960-4987-5004-5021-5038.

Sell below 4856 with SL of 4876 
for targets of 4839-4822(breakdown level on downside, add positions)-4805 -4788-4771- 4754- 4737-4720.
Happy Trading !

NIFTY CYCLE 2012

This is continuation of my first article on this blog.Today I received an mail from new visitor to this blog in which he enquired about current nifty cycle.So as per time cycle on Nifty we have a target of 5076 on 27.01.2012.Let us see whether it materialises or not.

Happy Trading !

Nifty View for 16.01.2012

Nifty has closed above 4850 which is positive close.The close at 4866 is a close at the level after one month on the spot nifty.The day was volatile as being last trading day of the week.Nifty made a new high for this swing which is to be noted.Positional short call was given yesterday with stop loss of 4880 which was triggered today.Now positional traders can long above 4880 with stop loss of 4850 with 4950 as first target. Intraday traders would have been in profits with buy at 4850 and third target(4901) was nearly achieved or stop loss at 4884 being triggered for intraday.What is amazing about this rally is the momentum indicator is not showing any support and it is still moving down.The positive DI and negative DI are moving sideways with regular whipsaws.It shows no strength for the move but one needs to accept the fact that price is moving up.So lets enjoy the ride by keeping in mind the observations.Intraday traders can look at the levels given below for trading on 16.01.2012 on spot nifty.

Spot Nifty levels for intra-day trade on 16.01.2012
No trade between 4849 and 4884(to avoid whipsaws)
Buy above 4884 with SL of 4864  
for targets of 4901-4918(breakout  level on the upside,add positions) 4935-4952-4969-4986-5003-5020.

Sell below 4849 with SL of 4869 
for targets of 4832-4815(breakdown level on downside, add positions)-4798 -4779-4762- 4745- 4728-4711.
Happy Trading !

Nifty View for 13.01.2012

Nifty is facing resistance at the 4880 level period.For any postiveness to continue it should have moved above this level today.Nowadays nifty is always precariously placed for Friday set-up with weekly profit booking bringing the nifty down for the weekly close.Will it be the same on Friday again.I do not know for sure but the set-up looks ideal.ADX indicator shows no strength for the up move with postive DI and negative DI at crossroads and momentum indicator is still slopng down Positional traders were advised to keep stop loss of 4850 those who could follow the same are out of the longs now.Tomorrow one can look to short below 4850 with stop loss of 4880.Intraday traders can look for levels below to trade on spot nifty for 13.01.2012.

Spot Nifty levels for intra-day trade on 13.01.2012
No trade between 4814 and 4850(to avoid whipsaws)
Buy above 4850 with SL of 4830  
for targets of 4867-4884(breakout  level on the upside,add positions) 4901-4918-4935-4952-4969-4986.

Sell below 4814 with SL of 4834 
for targets of 4797-4780(breakdown level on downside, add positions)-4763 -4746 -4729- 4712- 4695-4678.
Happy Trading !

Nifty View for 12.01.2012

Nifty is again moving in a tight range and side ways after the move of 100 plus points.Its a pause at the higher end depicting a resistance at the 4880 level.It should move above the 4900 mark to move further.If it corrects from here we have 4840 and 4800 as supports.For momentum it should gap up again above this resistance.If it does not cross tomorrow the 4900 level we may see some correction Positional traders can look 4850 as stop loss level for longs.The ADX indicator shows the positive DI above negative DI which some consolation for the day.The ADX green line should turn up to see further gains.Intraday traders can watch the levels to trade on spot nifty for 12.02.2012.

Spot Nifty levels for intra-day trade on 12.01.2012
No trade between 4843 and 4878(to avoid whipsaws)
Buy above 4878 with SL of 4858  
for targets of 4895-4912(breakout  level on the upside,add positions) 4929-4946-4963-4980-4997-5015.

Sell below 4843 with SL of 4863 
for targets of 4826-4809(breakdown level on downside, add positions)-4794 -4777 -4760- 4743- 4726-4709.
Happy Trading !

Nifty in Current Scenario

As of today Nifty is still in a downtrend trend from November 2010.We are currently at the middle of the major channel 4500 to 5200 roughly.The 50% level of the same comes to 4850 that is the exact point where we close yesterday.Now a move above this 4850 is imperative for the nifty to show its strength.Current range of consolidation can be of 4750 to 4950 with 4850 as the centre point.Anything above 4950 will give strength to the rally ahead.Two channels are shown in chart show the trend is up now as the angle of the smaller channel is steep than the intermediate channel.Price Volume Trend indicator also shows the channel with a downward slope.Watch the two smaller channels marked in the main channel depicting the strength of earlier moves.For the momentum to continue nifty should move to the top of the main channel of the indicator which shows a price range upto 5150-5200 if it actually moves there.The ADX indicator is not showing any strength to support the move.The positive DI(blue) has just touched the negative DI(red).For any strength to develop on nifty it should cross above it and move further up to the level of 40.Again for this to happen the ADX(14 day) green line should turn up and also follow the positive DI line to gather strength for the up move.The internal channels on the price action can be used to calculate the supports and resistances of this move keeping watch on both the indicators to judge the move ahead.

Happy Trading!

Nifty View for 11.01.2011

Today was a day of bulls on rampage and they were relentless from the word go.What a breakout on Nifty its a dream come true for the beaten stocks which have been battered for days.Its looks we have completed a bottom making formation on Nifty for the time being.Nifty has taken the two resistance lines mentioned yesterday with a gap up.Its a common observation on Nifty that day resistances are taken out at opening with gap ups.Yesterday it was observed that a breakout was possible on nifty and nifty today obliged us.Those readers who follow my blog must have benefited from it if they had acted on it.Nifty range was from 4500 to 5100 roughly so 4800 the 50% level was the hurdle.Now it may become the support as marked on chart.Watch the fibo circles which give supports and resistance on the chart.In the past we have two gaps where we may face resistance on the upside shown in chart.Positional traders may look at the levels marked on chart and trade accordingly.Intraday traders can look at the levels given below for trade on spot nifty for 11.01.2012.

Spot Nifty levels for intra-day trade on 11.01.2012
No trade between 4832 and 4867(to avoid whipsaws)
Buy above 4867 with SL of 4847  
for targets of 4884-4901(breakout  level on the upside,add positions) 4918-4935-4952-4969-4986-5003.

Sell below 4832 with SL of 4852 
for targets of 4815-4798(breakdown level on downside, add positions)-4781 -4764-4747- 4730- 4713-4694.
Happy Trading !

Nifty View for 10.01.2012

Spot Nifty is moving in a narrow range of  100 odd points without any clear direction.Interesting fact is that it is closing in narrow band of 4736 to 4766 of 30 points for the last 6 trading days.Its positive as it is at the higher end of the current range of 4700-4800 levels most of the times.One can observe that we are trying to move of the shadow of the resistance line formed by connecting the tops of 07.12.2011 and 06.01.2012. The major resistance is the trendline connecting the tops of 28.10.2011 and 07.12.2011.It is imperative to move out of the shadows of the two trendlines to get a breakout on the upside.We are trying to break out on the upside above the 4800 levels with five attempts in the past.The more times we hit a resistance the chances of breaking it are more.If it is break out now it should within the next two to three days if not tomorrow.Above 4800 we may move roughly 100 points upto 4925-4950.Now on the downside we have supports at 4693 and 4632 or roughly 4700-100 =4600 the current range of 100 points.So positional traders can look at the observations and take positions accordingly.Intraday traders can look at the levels given below for spot nifty for 10.01.2012.

Spot Nifty levels for intra-day trade on 10.01.2012
No trade between 4726 and 4760(to avoid whipsaws)
Buy above 4760 with SL of 4740  
for targets of 4777-4794(breakout  level on the upside,add positions) 4811-4828-4845-4862-4879-4896.

Sell below 4726 with SL of 4746 
for targets of 4709-4692(breakdown level on downside, add positions)-4675 -4658 -4641- 4624- 4607-4590.
Happy Trading !

Nifty View for 09.01.2012.

Today no chart to show as the chart shown for friday is valid.The extra trading session was boring and devoid of any volume so it does not warrant any comments.Spot Nifty range of 4700-4800 is range bound and 4750 is the level to watch for intraday trades.Positional traders can follow earlier chart with various trading zones shown on them.Intraday traders can use the levels given below for trading on spot nifty for 09.01.2012.

Spot Nifty levels for intra-day trade on 09.01.2012
No trade between 4730 and 4764(to avoid whipsaws)
Buy above 4764 with SL of 4744  
for targets of 4781-4798(breakout  level on the upside,add positions) 4815-4832-4849-4866-4883-4900.

Sell below 4730 with SL of 4750 
for targets of 4713-4696(breakdown level on downside, add positions)-4679 -4662-4645- 4628- 4611-4594.
Happy Trading !

Nifty View for 07.01.2012.

Nifty is very Natkhat nowadays.Kabhi hasati hai kabhi rulati hai.It was both today and many were butchered with positions going haywire.Hope my readers were not among them as I had mentioned them to be cautious.The levels worked perfectly and my clients were happy.Now what ahead.Is it a "BULL TRAP".Well time will tell so no predictions from me.I work with levels and saved my day today.Akhir "Bhav Bhagwan Hai" aur "Paise Wohi Deta Hai".The early you understand this the more money you may make in such markets.I wish everybody learns it early to save their bleeding accounts soon.Everything is marked on the charts for positional traders.Bottom line for today is Nifty could not sustain above 4800.Positional traders can trade as per chart above.Intraday traders can look for levels given below.

Spot Nifty levels for intra-day trade on 07.01.2012
No trade between 4737 and 4771(to avoid whipsaws)
Buy above 4767 with SL of 4771  
for targets of 4788-4805(breakout  level on the upside,add positions) 4822-4839-4857-4876-4893-4900.

Sell below 4737 with SL of 4757 
for targets of 4720-4703(breakdown level on downside, add positions)-4686 -4669-4652- 4635- 4618-4601.
Happy Trading !

Nifty View for 06.01.2011

Nifty is facing resistance around the 4800 level which it is  not able to cross.Its because of the past price action where it was not able to sustain above this level.Spot nifty is poised between the 4800 and 4700 levels which makes the 4750 level a critical level.The spot nifty should spent more time above the 4750 level to gather the strength to surpass.It is here where the option premiums loose value with nifty taking time to cross the important level of 4800.Positional traders should keep patience for entry above 4800 with suitable stop loss.The ichimoku clouds today look far off on the charts as the price momentum is waning.Below 4724 we may touch 4693 which is the level to watch.Below it we may try to close the gap on spot nifty.Today we have made a lower top which depicts us to remain cautious about the trend.If we make a lower bottom then trend can change.Its been a inside day but not convincing one but enough to create doubts about the trend.Intraday traders can look to trade on levels given below on spot nifty to trade on 06.01.2012.

Spot Nifty levels for intra-day trade on 06.01.2012
No trade between 4733 and 4767(to avoid whipsaws)
Buy above 4767 with SL of 4747  
for targets of 4783-4799(breakout  level on the upside,add positions) 4816-4833-4850-4867-4884-4903.

Sell below 4733 with SL of 4753 
for targets of 4716-4699(breakdown level on downside, add positions)-4682 -4665 -4648- 4631- 4614-4597.
Happy Trading !

Nifty View for 05.01.2012.

Nifty was sideways today between the range of 4782 and 4728 of 60 points roughly.Its consolidated after the up move of  120 points earlier.So we retraced 50% of the move which is normal.Spot nifty is positive above 4728 with targets of 4815 on the upside and targets of 4693 on the downside.Positional traders were stop lossed today as the close is below 4750.They need to wait for cross of 4750 again for upper target.If it sustains below 4750 it may again test 4728 and 4693 on the downside.On the chart above the levels are marked for reference.The positive aspect of the chart is we are at the borderline or line of control between bulls and bears.The Ichimoku clouds are descending on the chart are very near the price action.The cloud zone is the turbulent zone with the lower and upper level acting as resistance.Once above the clouds spot nifty will pick up momentum.Positional traders may trade as per the above view.Intraday traders can look for the levels given below to trade on spot nifty for 05.01.2012.

Spot Nifty levels for intra-day trade on 05.01.2012
No trade between 4733 and 4767(to avoid whipsaws)
Buy above 4767 with SL of 4747  
for targets of 4783-4799(breakout  level on the upside,add positions) 4816-4833-4850-4867-4884-4903.

Sell below 4733 with SL of 4753 
for targets of 4716-4699(breakdown level on downside, add positions)-4682 -4665 -4648- 4631- 4614-4597.
Happy Trading !

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Happy Trading !

Nifty View for 04.01.2012

Nifty moved today one way and there was no respite for bears as bull were on rampage.Spot Nifty opened with a gap and never looked back.The trend has changed with higher high and higher low at 4773.10 and 4675.80 respectively.Now the resistance on the spot nifty looks at 4815 and intermediate resistance around 4782. Above 4815 we have resistance at 4850.Its been a habit on spot nifty recently whenever it opens with gap it never looks back and at times buying out of money call gives huge returns like 4700CE from 108 at open to high of 169.20 and close of 156.70.Positional traders were warned to cover short and long above 4650 with sl of 4600 those who could trade our call are in profits as given our first target of 4672 was achieved at open so no entry but above 4672 second target was 4750 and we closed above it.Now what next, positional traders can hold their longs with stop loss of 4750 level below which 4734-4718-4693-4665 can be retraced by spot nifty.Sustaining above 4750 we may reach 4815-4850 soon.Intraday traders can look for levels given below on spot nifty to trade on 04.1.2012.

Spot Nifty levels for intra-day trade on 04.01.2012
No trade between 4748 and 4782(to avoid whipsaws)
Buy above 4782 with SL of 4762  
for targets of 4799-4816(breakout  level on the upside,add positions) -4833-4850-4867-4884-4903-4920.
Sell below 4748 with SL of 4768 
for targets of 4731-4714(breakdown level on downside, add positions)-4697-4680 -4663 -4646- 4629- 4612.
Happy Trading !

Nifty View for 03.01.2012

Spot Nifty has retraced to 78.6% level of 4588 an important Fibonacci level and closed at the higher end of the daily candle.So today bulls have been able to defend the low of 4588 and push the price up to a close higher than friday which is important.The only fact which needs now to be seen on Nifty is to make higher high and higher low to ascertain a change in trend for the short term.Positional traders who are short should look to book profits at each lower low to book profits on their shorts.Spot Nifty is above the 4628 mark is good for short term and chances of reversal are high from this level.On the chart above the Ichimoku Cloud is shown.The 9 day pink level has turned upwards for the first time and indicates a level of 4692 which seems achievable if it sustains above 4624.On breaking this level on the upside we have the orange level of 20 day average at 4752 as resistance.The cloud bottom and top are at 4754 and 4964.Also the 26 day average green line at 4815.In all above 4692 there is a strong resistance at 4750 odd level on spot nifty.Positional traders can long above 4650 with stop loss of 4600 for targets of first 4672 and next 4750 where we may see some consolidation on spot nifty.Intraday traders can use levels given below to trade on 03.01.2012 on spot nifty.

Spot Nifty levels for intra-day trade on 03.01.2012
No trade between 4620 and 4654(to avoid whipsaws)
Buy above 4654 with SL of 4634  
for targets of 4671-4687(breakout  level on the upside,add positions) -4704-4721-4738-4755-4772-4789.
Sell below 4620 with SL of 4640 
for targets of 4603-4586(breakdown level on downside, add positions)-4569-4552 -4535 -4518- 4501- 4484.
Happy Trading !

USDINR VIEW FOR 02.01.2012

USD is on a bull run and making new tops.Currently it is retracing the move on the top of 54.6375 made on 15.12.2011.It has corrected to make a significant low of 52.30 on 16.12.2011.Again it has made a low lower top of 53.88 on 29.12.2011.Now it has closed below it at 53.49.Now for positional traders the trend is up with the level to be watched being 51.40 for the trend to change for short term.If it breaks the 51.40 level expect it to come to 50.39 levels.On the upside it has resistance of 53.88 break of it will try to challenge the high of 54.6375.For intraday traders one can look to buy above 53.450 with stop loss of 53.350 for targets of 53.78-53.88-53.98-54.08 and below 53.350 can sell with stop loss of 53.400 for targets of  53.28-53.18.53.08-52.98.

Happy Trading!