Nifty View for 30.04.2012

Nifty had a lack lustre trading on Saturday which has formed a long legged doji on charts.This shows indecision on part of traders and lack of commitment on positions.Nifty has been making lows but recovering at the end of the day to give a picture of all is well.This correction has been difficult to trade for positional traders with nifty moving in a range.Intraday traders have been kept on their toes with short targets else face stop losses.Option traders also have been in pain with positional calls.Corrections are difficult to trade and further difficult to predict.So keep patience for the break out to happen and then take position.The level to watch for this series is 5186 below or above will defend the trend.Intraday traders can look at the levels on spot nifty to trade on Monday.

No trade between 5191 and 5227(To avoid whipsaw)

Buy above 5227 sl of 5207


targets 5245-5263(add positions breakout on the upside)


5281-5299-5317-5335-5353.


Sell below 5191 sl of 5211


targets 5173-5155(add positions breakout on the downside


5137-5119-5101-5083-5065.

Happy Trading !

Nifty View for 27.04.2012

Nifty April series expiry is below 5200 at 5189.Nifty has been trying to bottom out below 5200 levels and trying recover but is not able to sustain the recovery.Nifty falling again and again is near the 5186 level.So the important level to watch for May series is 5186.Above it one can be positive on nifty and below it will be negative.On charts nifty fibo fans criss-cross levels are marked which can act as support or resistance as per the move on nifty.Will nifty touch the 5050-5040 (50% level) is to be seen.Its been a time correction on nifty after the price spurt for two months in Jan and Feb 2012.Will the old saying "Sell in May and Go Away" materialise in this May is to seen.I am not bearish but like to work on levels.So 5186 will be always on my radar.Intraday traders can look at the levels on nifty future given below.

No trade between 5199 and 5235(To avoid whipsaw)

Buy above 5235 sl of 5215


targets 5253-5271(add positions breakout on the upside)


5289-5307-5325-5343-5361.


Sell below 5199 sl of 5219


targets 5181-5163(add positions breakout on the downside


5145-5127-5109-5091-5073.

Happy Trading !

nifty View for 26.04.2012

Nifty made a high of 5236 and was steady in the morning but suddenly dropped to make a lower low at 5160 but recovered the day with a close above 5200 at 5202.Nifty is precariously poised at 5200 levels and not holding any recoveries which is a bother for it.On charts nifty nifty took exact supports of cloud bottom and closed in between again.So no decisive move on nifty yet.Stochastics show nifty is yet to form a bottom so we need to wait for further confirmation.Intraday traders can look at the levels on spot nifty given below to trade on 26.04.2012. 

No trade between 5184 and 5221(To avoid whipsaws)


Buy above 5221 sl of 5201


targets 5239-5257(add positions breakout on the upside)


5275-5293-5313-5331-5349.


Sell below 5184 sl of 5204


targets 5166-5148(add positions breakout on the downside


5130-5112-5094-5076-5058.

Happy Trading !

Nifty View for 25.04.2012

Nifty has moved in a smaller range for 50 points today compared to yesterdays move.It made a low of 5180.35 and high of 5232.35 to close the day at 5222.65.Till it does not make a low below 5135 we may have some chance of recovery.On charts nifty is still within the clouds of ichimoku so trend is sideways.GMMA bunch of average show the cluster of averages squeezing each other in a tight rope which when unwinded again will give us the break out.Waiting for the breakout on either side will be prudent now.Intraday traders can look at the levels on spot nifty given below to trade on 25.04.2012.

No trade between 5204 and 5241(To avoid whipsaws)


Buy above 5241 sl of 5221


targets 5259-5277(add positions breakout on the upside)


5295-5313-5333-5351-5369.


Sell below 5204 sl of 5224


targets 5186-5168(add positions breakout on the downside)


5150-5132-5114-5096-5078.

Happy Trading !

NIfty View for 24.04.2012

Nifty has started the week on a weak note and had a good fall.At the end of the fall we are back at square one.The range of 5200-5400 has been broken on the downside and we are heading to earlier low of  5185.40 and within striking distance of earlier low of 5135.95.On the charts nifty is still within the ichimoku clouds.Now it has come to lower end of it.If it breaks on the downside then it may accelerate the fall.If it moves again on the upside we are again sideways.Force Index is also at neutral level.Options open interest has increased the range from 5100PE maximum OI and 5400CE maximum OI by 100 points.5200PE has reduced OI by 1 lakh with 5100PE and 5000PE adding open interest.On nifty we are the bottom for the third time in 15 days which show nifty is not sustaining at higher levels.Does nifty make a new low before expiry is to be seen now..Intraday traders can look the levels on spot nifty to trade on 24.04.2012.. 

Spot Nifty levels for intraday trade on 24.04.2012



No trade between 5183 and 5219(To avoid whipsaws)


Buy above 5219 sl of 5199


targets 5237-5255(add positions breakout on the upside)


5283-5301-5329-5347-5365.


Sell below 5183 sl of 5203


targets 5165-5147(add positions breakout on the downside)


5129-5111-5097-5079-5061.

Happy Trading !

Nifty View for 23.04.2012

Nifty is not trending at all one day and one day down keeping us guessing.The option premia tells us the story with 5300pe and 5300ce both below 50.Still there is high open interest in 5200pe and 5400ce which restricts the band for nifty.Any unwinding either of them may lead to breakout.On chart the fibo fans crossover shows the resistance.Also the 40-60 band of RSI depicts the lack of trend.Intraday traders can look at the spot levels given below to trade on 23.04.2012.

Spot Nifty levels for intraday trade on 23.04.2012


No trade between 5273 and 5309(To avoid whipsaws)


Buy above 5309 sl of 5289


targets 5327-5345(add positions breakout on the upside)


5363-5381-5400-5418-5436.


Sell below 5273 sl of 5293


targets 5255-5237(add positions breakout on the downside)


5219-5201-5183-5165-5148.

Happy Trading !

Nifty Future Update

Buy signal generated at 5327.....


Happy Trading !

Nifty View for 20.04.2012

Nifty was in a range in morning session made a low of 5291.30 and then after trying patience went up to make a high of 5342.50 and closing the day at 5332.40.Another positive close for bulls.Nifty has strongly defended the level of 5200 and given close above the 5300 levels twice.This augers well for this trend.Now the hurdle is at 5391 which should be crossed soon to keep up the momentum on friday.If it crosses and closes above this level it will a excellent weekly for nifty.Force Index has maintained the positive territory showing positive bias for nifty.Intraday traders can look the levels given below to trade on friday.

Spot Nifty levels for intraday trade on 20.04.2012


No trade between 5314 and 5350(To avoid whipsaws)


Buy above 5350 sl of 5330


targets 5368-5386(add positions breakout on the upside)


5404-5422-5440-5458-5476.


Sell below 5314 sl of 5334


targets 5296-5278(add positions breakout on the downside)


5260-5242-5224-5206-5188.

Nifty View for 19.04.2012

Nifty opened with a gap up today made high and tried to retain it for the day but gave it up towards the end of the day.A positive close at 5300 after 04.04.2012.The chart above shows bollinger bands on nifty with top at 5362 and lower band at 5154.The bollinger bands look to be narrowing which may effect in giving a breakout on either side.Currently we are the upper band so lets hope its on the upside.The Force Index has turned positive for the first time 05.03.2012 which is significant.Intraday traders can look at the levels on spot nifty given below to trade on 18.04.2012.

Spot Nifty levels for intraday trade on 19.04.2012

No trade between 5283and 5308(to avoid whipsaws)

Buy above 5308 with sl of 5288

for targets of 5326-5344(breakout level on the upside,add positions) 

5362-5390-5408-5424-5442.

Sell below 5283 with sl of 5303

for targets of 5265-5247(breakout level on the downside ,add positions) 

5229-5211-5193-5175-5157.

Happy Trading !

Nifty View for 18.04.2012

Nifty opened gap up today closed the gap but importantly maintained above the 5200 level.It made a high of 5298.20 a shade below 5300 and closed the day with smart close of 5289.70.Nifty is still in the range of 5200-5400 of 200 points for last few days.On the chart above the Ichimoku Clouds show us the cloud range of 5369 and 5166.The position of nifty is still in clouds so the position is still doubtful for nifty.It needs to break above the clouds for higher targets or break the below the clouds to achieve lower targets.This range of nifty is taking its tolls on the option premiums which keep eroding with time value and devoid of trend.Nifty has entered the clouds on 23.03.2012 and its still there in the clouds which shows how the nifty trend has been for almost a month now.We need to watch these clouds as and when a break out happens on either side for an opportunity to trade the breakout.Intraday traders can look at the levels below on spot nifty to trade on 18.04.2012.

Spot Nifty levels for intraday trade on 18.04.2012

No trade between 5272 and 5308(to avoid whipsaws)

Buy above 5308 with sl of 5288

for targets of 5326-5344(breakout level on the upside,add positions)

5362-5380-5398-5416-5434.

Sell below 5272 with sl of 5292

for targets of 5256-5238(breakout level on the downside ,add positions)

5220-5202-5184-5166-5148.

Happy Trading !

Nifty View for 17.04.2012

Another dull day for nifty with it trading in a range.Nifty opened gap down at 5190.60 and soon made a low at 5183.50 and there on moved in range to make a high at 5233.50 to close day at 5226.20.This is the third time from 07.03.2012 nifty is flirting the 200 SMA line.Nifty is looking to make a bottom around this level.Above chart shows the nifty fans from important bottom and top.Nifty has found support around the 61.8% fibo fan level in past.From there on it has been resisted at 50% fibo fan level recently.The 200SMA line was earlier resistance from July 2011 and now it is acting as support.Nifty in the past has been giving false break down below the 200SMA and then reversing from there.In such circumstances one needs to watch RSI to give us some clue.The bottoms of RSI have been shown in charts matching with nifty bottom.Current RSI is moving between 40-45 levels is continously falling after making a high at 81.5 level matching the 5600 top.One needs to watch the RSI if it goes below the 30 level and comes up above it.The bottoms on nifty have been between 25-30 levels in recent past.We need patience now to be on vigil if it comes to the desired levels for another entry into the markets.Intraday traders can look at the levels on spot nifty to trade on 17.04.2012.

Spot Nifty levels for intraday trade on 17.04.2012

No trade between 5208 and 5244(to avoid whipsaws)

Buy above 5244 with sl of 5224

for targets of 5262-5280(breakout level on the upside,add positions) 

5298-5316-5334-5352-5370.

Sell below 5208 with sl of 5228

for targets of 5190-5172(breakout level on the downside ,add positions) 

5154-5136-5118-5100-5082.

Happy Trading !

Nifty View for 16.04.2012

Nifty was again resisted at near the fibo circle and came down again.Nifty made a high of 5306.75 and came down to make a low of 5185.40 to close at 5207.45.Nifty has been flirting around the 38.2% fibo level of 5211.Sustaining below this level will make nifty to head down to the 50% fibo level of 5081 which was missed during the last fall.Till the fall of 5135.95 is held by nifty the bulls are safe and we may see some recovery.Intraday traders can look at the levels given below on spot nifty to trade on 16.04.2012.

Spot Nifty levels for intraday trade on 16.04.2012

No trade between 5189 and 5225(to avoid whipsaws)

Buy above 5225 with sl of 5205

for targets of 5243-5261(breakout level on the upside,add positions) 

5279-5297-5315-5333-5351.

Sell below 5189 with sl of 5209

for targets of 5171-5153(breakout level on the downside ,add positions) 

5135-5117-5099-5081-5063.

Happy Trading !

Nifty View for 13.04.2012

Nifty opened today with a gap of 20 points and did not close the gap but held on to this gap and moved up to make a high of 5290.60 and closed shops at 5276.85.A 50 point plus close on the spot.Nifty has moved above the fibo fan line again(not shown in chart).Its been alternating around this line and it has held yesterday's low.Force Index Indicator is at zero again.Nifty needs now to clear the fibo circle resistance where it is being resisted since 22.03.2012.Momentum can turn positive if it closes above this circle which will act as support for further move ahead.Intraday traders can look at the levels on spot nifty given below to trade on 13.04.2012.

Spot Nifty levels for intraday trade on 13.04.2012

No trade between 5259 and 5285(to avoid whipsaws)

Buy above 5285 with sl of 5265

for targets of 5303-5321(breakout level on the upside,add positions) 5339-5357-5375-5393-5411.

Sell below 5259 with sl of 5279

for targets of 5241-5223(breakout level on the downside ,add positions) 5205-5187-5169-5151-5133.

Happy Trading !

Nifty View for 12.04.2012

Nifty opened gap down of 40 points at 5209.45 and made a low of 5190.80.It recovered to make a high of 5263.65 but close down at 5226.85.In all a negative close and continuing the downtrend.Nifty closed below the Fibo Fan support for the first time today.Force Index is also below the zero level which is negative.Making a high and not sustaining it is not good for the trend.We need to recover soon above the fibo fan line or we may continue further downwards.Intraday traders can look at the levels given below on spot nifty for trade on 11.04.2012.

Spot Nifty levels for intra-day trade on 12.04.2012

No trade between 5209 and 5245(to avoid whipsaws)

Buy above 5245 with SL of 5225

for targets of 5263-5281(breakout  level on the upside,add positions)

5299-5317-5335-5353-5371.

Sell below 5209 with SL of 5229

for targets of 5191-5173(breakdown level on downside, add positions)

5155-5137-5119-5101-5083.

Happy Trading !

Nifty View for 11.04.2012

Nifty opened with a gap of 20 points but could not sustain it. It made a new low of  5211.85 but recovered at the end of the day to close positive at 5243.60. The Fibo fans show the nifty still closing above the 61.8% level. On the fibo fans we are approaching a two crosses of fan lines very soon which will be interesting to watch. The Force Index Indicator has closed below the zero line and it needs to move again above this line for recovery. Also nifty should move the above the fibo fan line which has been acting as the resistance for this fall. Intraday traders can look at the levels on spot nifty to trade on 11.04.2012.

Spot Nifty levels for intra-day trade on 11.04.2012

No trade between 5225 and 5263(to avoid whipsaws)

Buy above 5263 with SL of 5243

for targets of 5281-5299(breakout  level on the upside,add positions)

5317-5335-5353-5371-5389.

Sell below 5225 with SL of 5245

for targets of 5207-5189(breakdown level on downside, add positions)

5171-5153-5135-5117-5099.

Happy Trading !

Nifty View for 10.04.2012

Nifty opened gap down today and could recover the loss to close at 5234.40. Nifty is making lower top and lower bottoms hence the trend is down. The fibo fan level of 61.8% has been acting as support for nifty with one dip below it. This level if is breached by nifty then it may challenge the low of 5135.95. The Force Index Indicator is also on the borderline. The fibo extensions show first support at 5143 near the earlier low. Intraday traders can look at the levels on spot nifty to trade on 10.04.2012.

Spot Nifty levels for intra-day trade on 10 04.2012

No trade between 5216 and 5252(to avoid whipsaws)

Buy above 5252 with SL of 5232

for targets of 5260-5278(breakout  level on the upside,add positions)

 5296-5314-5332-5350

Sell below 5216 with SL of 5236

for targets of 5198-5170(breakdown level on downside, add positions)

5152-5134-5116-5098.

Happy Trading !

Nifty Intraday Update 1 09042012

Nifty Intraday Update 09042012

Nifty sustaining below 5251 will it further down to close the earlier gap... upto 5183 as shown in charts.Use levels on charts for further trades....
Happy Trading.!

Wipro Update 07042012

Wipro has been facing resistance at the 435-450 last few weeks and supports at 420 odd level.Its trying to break out of this range.The momentum looks positive as long as it is above the  level of 437.50.Break above the 450 level can touch 474-491 levels for Wipro.Breach of 420 level will take it down to 414-406-398 levels again.

Tata Steel Update 07042012

Tata Steel is at critical level of 468.75.Above tis level it can move to 500.00 which is again a steep resistance for it to cross.Below the level of 468.75 it can again retrace to 437.50 which has been acting as a good support recently.

Tata Power Update 07042012

Tata Power is hovering around the level of 100 for few days on an average.It has supports at 93.75 level and resistance at 106.25 level.Break above 103.15 can lead to 106.25.Break below 99.00 can lead to 93.75.

Tata Motors Update 07042012

Tata Motors is facing resistance at 281.25 level.Above this level of 281.25 it can quickly move to 312.50 levels.It has supports at 250.00 levels.Momentum on this scrip is positive above 250 levels.Its been a buy from the levels of 180 levels as per system shown in chart.

State Bank of India Update 07042012

State Bank of India has been finding supports around the 2100-2075 levels recently.Above the level of 2100 it can again target 2250 and above it can move to 2375.Break of 2075 will be bad for this trend and it can come down to 2000-1875 levels.

Reliance Infra Update 07042012

Reliance Infra is facing resistance at the level of 625.It has retraced from 625 to 562.50 level and now oscillating between these two levels.A break above 625 level can take it to 687.50 level and break of 562.50 can take it down to 500.00 level.

Reliance Ind. Update 2012

Reliance Industries is facing resistace at the upper band of  i-regr  as shown in charts.An breakout above the level of 750 will make it positive for targets of 812.50 ahead.It is being supported at the level of 728.95 break of this level can take it further down to 687.50 level.

RCOM Update 07042012

RCom had made a great recovery from 62.50 to 109.10.From there it has retraced to 81.25.The level of 87.50 is a critical level above which it may turn positive.Below the level of 87.50 it has supports at 81.25-75.00.

Infosys Update 07042012

Infosys has been twice resisted at the level of 2969.It has currently retraced from this level to 2812.50 level. Sustaining above this levels gives it targets of 2890 and 2969.Below 2812.50 it may retrace up to 2734.40. 

BHARTI AIRTEL UPDATE 07042012

Bharti Airtel has a big resistance at 344 which it could not cross in this rally.Retracing from there it has touched the first support level at 328.15.Sustaining below 328.15 level can retrace up to 312.50.

CAC40 Update 06042012

CAC40 has hit the critical level of 3281.30 and it needs to maintain above this level to show some recovery ahead.If it maintains above 3281.30 it has resistance at 3384 and 3437.Below the level of 3281.30 it may fall up to 3203.

DAX30 Update 06042012

DAX30 has support at 6562 and resistance at 6875.Breakout on upside will be above 6875 and on downside below 6562 levels respectively. Currently it at the middle band as shown in chart.

Nikkei-225 Update 06042012

On breaking of 10000 level Nikkei225 has quickly retraced to the level of 9688 as shown in the chart.It needs to maintain above this level of 9688 to recover its current losses.Failing to maintain above this level of 9688 it may move to the next level of 9375.

Hang Seng Index Update 06042012

Hang Seng Index looks weak below the level of 20625.It is having critical supports at 20150-20000 levels.It needs to cross above the level of 20850 to move upwards again.

FTSE100 Update 06042012

FTSE100 has hit a critical level at 5625.It needs to cross above the 5703 level to maintain momentum on the upside.Else break of 5625 again may lead to 5547 level.

Nasdaq100 Update 06042012

Nasdaq100 needs to keep above the level of 2735 to keep the positive momentum going else it may drop to 2690-2657.

S&P500 Update 06042012

S & P 500 has critical support at 1375 below which the trend may turn downwards with targets at 1343.75-1312.50-1281.25 as shown in chart.

Dow Jones Update 06042012

Dow Jones has at critical support level at 12813 below which the trend may turn downwards as shown in charts.

Nifty View for 09.04.2012

Nifty is at a critical juncture as shown in above chart.It hit the upper band of i-regr channel at 5628 on 22.02.2012 and being reversing from there.It has hit an important level at 5156 on 29.03.2012 and trying to reverse from there after hitting an important level of 5313.The 5313 is critical level for nifty below which we may move downwards to 5156 level again.Below 5156 the next important level is 5000.If we sustain above the 5313 level we may have targets of 5469 as shown in charts.Intraday traders can look at levels on spot nifty given below to trade on 09.04.2012.

Spot Nifty levels for intra-day trade on 09.04.2012
No trade between 5305 and 5341(to avoid whipsaws)
Buy above 5341 with SL of 5320
for targets of 5359-5378(breakout  level on the upside,add positions) 5396-5414-5432-5450.
Sell below 5305 with SL of 5325
for targets of 5287-5269(breakdown level on downside, add positions)5251-5233-5214-5197.

Happy Trading !

Nifty Update 04.04.2012

Nifty View for 04.04.2012

Nifty today opened with a gap tried to keep up the momentum and closed positive for the day at 5358.50.This week being a truncated week of trading with two holidays the commitments will be on the lighter side.A weekly close above 5375-5400 levels will be a strong close for spot nifty.The daily nifty charts shows pair of displaced moving averages.The shorter pair of averages(4,9) should cross the longer pair of averages (18,14) to build momentum further for nifty.The 34 day RSI has is just turning up and is at 50 level.For the momentum to continue it should maintain itself above the 50 level with steady rise.Intraday traders can look at the levels given below on spot nifty to trade on 04.04.2012.

Spot Nifty levels for intra-day trade on 04.04.2012
No trade between 5340 and 5377(to avoid whipsaws)
Buy above 5377 with SL of 5357
for targets of 5395-5413(breakout  level on the upside,add positions) 5431-5449-5467-5485-5503-5521.
Sell below 5340 with SL of 5360
for targets of 5322-5304(breakdown level on downside, add positions)5286-5268-5250-5232-5214-5196.
Happy Trading !

Nifty Future Target

Nifty View for 03.04.2012

Nifty has continued the positive momentum with a positive close today above 5300 at 5317.90.The close ios above the middle average of the bollinger bands.Also Force Index and Stochastics have moved into positive zones respectively.It looks from charts the positive momentum may continue further on spot nifty.Now stochastics should cross the 60 level mark and sustain above it for nifty to momentum and not fizzle about this level as seen in the above chart.Also the Force index should make a good time graph above the zero line.Intraday traders can look at the levels given below on the spot nifty to trade on 03.04.2012.

Spot Nifty levels for intra-day trade on 03.04.2012
No trade between 5300 and 5336(to avoid whipsaws)
Buy above 5336 with SL of 5316
for targets of 5354-5372(breakout  level on the upside,add positions) 5390-5408-5426-5444-5462-5480.
Sell below 5300 with SL of 5320
for targets of 5282-5264(breakdown level on downside, add positions)5242-5224-5206-5188-5170-5152.
Happy Trading !