Nifty View for 01.06.2012

Nifty has closed on expiry at 4924.25 which is the consensus value value at the end of May. We had a dip below 5 days low at 4883.55 earlier low being 4889.35. Breach of today low could take us to 4850-4835. On the chart for nifty future above we can be positive above 4918 for targets of 4940 and 4978. Below 4918 we are susceptible to 4889 and 4858 the Ichimoku clouds supports. Below this level of 4858 the trend looks doubtful. Intraday traders can look look at the levels on spot nifty to trade for Friday.

No trade between 4907 and 4942(To avoid whipsaw)

Buy above 4942 sl of 4922

targets 4960-4978(add positions breakout on the upside

4994-5012-5030-5048-5064.

Sell below 4907  sl of 4927

targets 4889-4871(add positions breakout on the downside)

4853-4835-4817-4800-4783.

Happy Trading !

Nifty View for 31.05.2012

Nifty has broken down from the rising green channel.It is now in the downward sloping red channel. Today's price action was between the yellow lines. The breakout on either side of the yellow line will decide the trend. The above chart is for nifty futures 15 minutes time frame and purely intraday for expiry tomorrow. The momentum after high of 5000 looks downwards for expiry. Intraday traders can look at the levels on spot nifty given below for Thursday.

No trade between 4933 and 4968(To avoid whipsaw)

Buy above 4968 sl of 4948

targets 4984-5002(add positions breakout on the upside

5020-5038-5054-5072-5090.

Sell below 4933  sl of 4953

targets 4915-4897(add positions breakout on the downside)

4879-4861-4843-4825-4807.

Happy Trading !

Nifty View for 30.05.2012

Nifty opened today with gap on the upside then moved to towards yesterday close and then made a new high at 5020.15 on spot and closed the day by paring the gains at 4990.15.in all a range bound day with expiry looming ahead.The volatility is lacking but nifty has crossed the 5000 mark but could not sustain it.It is poised at the center band of Bollinger Band which could be resisting it.For the trend to continue as shown in charts of nifty future above it should sustain above 4963.below 4963 it is susceptible to 4945-4912.For the upmove above charts shows the resistances ahead.ADX is indicating positive trend with +ve DI above -ve DI(green above red).The yellow line momentum indicator should turn up for fast upward move.Intraday traders can look at the levels on spot nifty to trade on Wednesday.

No trade between 4972 and 5008(To avoid whipsaw)

Buy above 5008 sl of 4988

targets 5026-5044(add positions breakout on the upside

5062-5080-5098-5116-5134.

Sell below 4972  sl of 4992

targets 4954-4936(add positions breakout on the downside)

4918-4900-4882-4864-4846.

Happy Trading !

Vedic Numerology

Vedic Numerical Code

In Sanskrit, the following Vedic Numerical code was used in many slokas.

"Kaadi nava

Taadi nava

Paadi panchaka

Yadyashtaka

Kshah sunyam" 

कादिनव टादिनव पादिपञ्चक यद्यश्टक क्ष:शुन्यम् 

Means,...

Kaadi Nava Starting from ka, the sequence of 9 letters represent 1,2,..9.

Similarly Taadi Nava , starting from ta,

Paadi panchaka (1-5), starting from pa,

Yadyashtaka(1-8) starting from ya.

And ksha represents 0.

In detail,

ka(क)-1, kha(ख)-2, ga(ग)-3, gha(घ)-4, gna(ङ)-5, cha(च)-6, cha(छ)-7, ja(ज)-8, jha(झ)-9.

ta(ट)-1, tha(ठ)-2, da(ड)-3, dha(ढ)-4, ~na(ण)-5, Ta(त)-6, Tha(थ)-7, Da(द)-8, Dha(ध)-9.

pa(प)-1, pha(फ)-2, ba(ब)-3, bha(भ)-4, ma(म)-5.

ya(य)-1, ra(र)-2, la(ल)-3, va(व)-4, Sa(श)-5, sha(ष)-6, sa (स)-7, ha(ह)-8.

kshah(क्ष)-0.

Based on this code there are many slokas in mathematics.

e.g., For PI value, a sloka is as folows..

गोपीभाग्य मधुव्रातः श्रुंगशोदधि संधिगः

खलजीवितखाताव गलहाला रसंधरः

gopeebhaagya maDhuvraathaH shruMgashodhaDhi saMDhigaH

khalajeevithakhaathaava galahaalaa rasaMDharaH

ga-3, pa-1, bha-4, ya -1, ma-5, Dhu-9, ra-2, tha-6, shru-5, ga-3, sho-5, dha-8, Dhi -9,


 sa-7, Dha- 9, ga-3, kha-2, la-3, jee-8, vi-4, tha-6, kha-2, 


tha-6, va-4, ga-3, la-3, ha-8, la-3, ra-2, sa-7, Dha-9, ra-2

3.1415926535897932384626433832792...

The above sloka has actually 3 meanings.


In favor of Lord Shiva

In favor of Lord Krishna

The value of PI upto 32 decimals.


Taken from net 

Nifty Cycle 2010-2012

Concept is as follows:

The cycle is assumed here is price and time between an important low and high equals one rotation full circle ie 360 degrees. 




Cycle : Zero Degrees Level 05/11/2010 6338.50(HIGH) 

360 Degrees Level 20/12/2011 4531.15(LOW) 

PRICE DIFF. : 6338.5 – 4531.15 = 1807.35 

DAYS DIFF . : 410 DAYS. 

FALL = 360 DEGREES. 

1 DEGREE = 1807.35/360 = 5.02 POINTS APPROX. 

TIME UNIT = 410/360 = 1.14 DAYS(APPROX) 

PRICE UNITS : TIME UNITS(DATES) 

0 DEGREE = 6338.50 (05/11/2010) 

45 DEGREE = 6112.60 (26/12/2010) 

90 DEGREE = 5886.70  (15/02/2011) 

135 DEGREE = 5660.80 (07/04/2011)

180 DEGREE = 5434.90 (28/05/2011) 

225 DEGREE = 5209.00 (18/07/2011) 

270 DEGREE = 4983.10 (07/09/2011) 

315 DEGREE = 4757.20 (28/10/2011) 

360 DEGREE = 4531.15 (20/12/2011) 

I have marked the same on chart

Observations : 

1) As per the cycle on Nifty the price on 09/02/2012 was 4757.20 actual price is 5412.3.The price had moved ahead of time hence corrected.

2) On 31/03/2012 price as per cycle is 4983.10 but price was again ahead of time at 5295.55,hence corrected.

3) On 21/05/2012 price as per cycle is 5209.00 but price was below it at 4906.05.So to balance price and time price has to move up. Today on 28.05.2012 we are at 4983.65  so one can fairly conclude we are moving towards fair value as per cycle.

4) Above calculations are done assuming we have made an important bottom at 4531.15 on 20.12.2012 and price will continue upwards.This cycle may change if nifty break  4531.15 .

Nifty View for 29.05.2012

Nifty has made a recovery of 200 points from the lows of this series.The series started at 5189 went to a low of 4780 roughly 400 points.A recovery of 50% is achieved.On charts of nifty future the bollinger band center has been reached by it.This will act as a resistance or profit booking target.If nifty sustains above this resistance tomorrow then we may see further up move.One can expect some reaction to this rise possibly up to 4933-4912 if it corrects.ADX shows the current positiveness with positive Di above the negative DI.Now the momentum line(yellow) should turn its head up for further rise.Resistance for further rise could be at 5040-5080 levels.Intraday traders can look at the levels on spot nifty to trade on Tuesday.

No trade between 4968 and 5003(To avoid whipsaw)

Buy above 5003 sl of 4983

targets 5021-5039(add positions breakout on the upside

5057-5075-5093-5111-5129.

Sell below 4968  sl of 4988

targets 4950-4932(add positions breakout on the downside)

4914-4896-4878-4860-4842.

Happy Trading !

Nifty View for 28.05.2012

Nifty again had a restricted range of roughly 50 points with a weekly closely at 4920.40. The close was positive with the bearish sentiment still prevailing in the markets. On the futures charts daily trend looks down with possible reversal around 5076 levels. On spot weekly charts the channel  show crucial levels of 4800 and 5076 as support and resistance. Intraday traders can look at the levels on spot nifty given below to trade on Monday.

No trade between 4904 and 4939(To avoid whipsaw)

Buy above 4939 sl of 4919

targets 4957-4975(add positions breakout on the upside)

4993-5011-5028-5046-5064

Sell below 4919  sl of 4939

targets 4901-4883(add positions breakout on the downside)

4865-4847-4829-4811-4793.

Happy Trading !

Nifty View for 25.05.2012..

Nifty opened today gap up at 4963.50 closed the gap by moving just below it at 4830.15 and then swing between days high for second time to close at 4921.40. In all a good swing of 100 points for those who were on right side of it. This is the third time we are flirting with 4900 levels. We have failed at 4950 levels earlier so its a big level to watch. Taking out 4950 will be positive for the swing to target 5000. Above charts show the swing targets with stop loss for the trade. All levels in chart are for nifty future. Intraday traders can look at the levels on spot nifty to trade on Friday.

No trade between 4904 and 4939(To avoid whipsaw)

Buy above 4939 sl of 4919

targets 4957-4975(add positions breakout on the upside)

4993-5011-5028-5046-5064

Sell below 4919  sl of 4939

targets 4901-4883(add positions breakout on the downside)

4865-4847-4829-4811-4793.

Happy Trading !

Nifty View for 24.05.2012

Nifty has been at the receiving end for last two days but still has managed to hold earlier low of 4788.95. After opening gap down tried twice to move the level of 4850 but could not sustain the rise and gave up the gains to make low at 4803.95 and recovered to close at 4835.65. Nifty seems to be moving in the bigger falling channel as shown on charts. On break of the sideways channel of 208 points it has already achieved its target of 4928 below 5135.95. On this 4928 is acting as resistance on nifty. Again it is moving to the bottom end of the smaller channel as it is retracing from the upper end at 4956.35. For any sort of recovery nifty should maintain the very small channel which if maintained gives a target of 4990. Breach of this channel will take it to levels of 4670. Also the MFI needs to break out of the channel on the upside to support nifty. Intraday traders can look at the levels given below to trade on Thursday.

No trade between 4818 and 4853(To avoid whipsaw)

Buy above 4853 sl of 4833

targets 4871-4889(add positions breakout on the upside)

4907-4925-4943-4961-4979

Sell below 4818  sl of 4838

targets 4800-4783(add positions breakout on the downside)

4766-4749-4732-4715-4698.

Happy Trading !

Nifty View for 23.05.2012

Nifty opened with a gap up at 4954.70 made a high of 4956.35 but could not sustain it for the day. After moving sideways till afternoon gave up all the gains and made a low of 4849.90 and closed the day at the lower end at 4860.50. On charts we see the spot nifty moving in the channel. A sharp move is expected once nifty moves of the channel. The fibo extensions show the pivot at 4886 and the upper resistance at 4945 and lower support at 4828.  A move out of this band could be traded safely. Intraday traders can look at the levels below on spot nifty to trade on Wednesday.

No trade between 4843 and 4878(To avoid whipsaw)

Buy above 4878 sl of 4858

targets 4896-4914(add positions breakout on the upside)

4932-4950-4968-4986-5004

Sell below 4843  sl of 4863

targets 4825-4807(add positions breakout on the downside)

4789-4771-4754-4737-4720.

Happy Trading !

NIFTY VIEW FOR 22.05.2012

Nifty has moved in a narrow range today after making a high of 4937.50 and low of 4888.50 to close the day at 4906.05.The close is above 4900 which is the only consolation for today.The resistance of 4955 will be tough for nifty to take out.So the bulls need some positive opening possibly gap up to take out such resistances.On charts the fibo fan shows the resistance at 4957 cross over it can take it to 5038 on the spot.One needs to be cautious below 4870 if its dips again as we may need more time for consolidation at lower levels.  Below 4800 level the low of this swing could be breached..Intraday traders can look at the levels on spot nifty to trade on Tuesday.

No trade between 4889 and 4924(To avoid whipsaw)

Buy above 4924 sl of 4904

targets 4942-4960(add positions breakout on the upside)

4978-4994-5012-5030-5048

Sell below 4889  sl of 4909

targets 4871-4853(add positions breakout on the downside)

4831-4813-4795-4777-4758.

Happy Trading !

NIfty View for 21.05.2012

Nifty opened gap down and made a low of 4788.95 and then made good recovery of the day to close the day 4891.45. Now the level of 4955 is important level to cross for spot nifty. Its was a  good recovery from the lows below 4800 levels. Monday sustaining above 4890 levels will make nifty to try the resistances of  4944-4998-5065.Money Flow Index shows buying coming at lower levels and if the recovery is to be strong then the MFI should cross the 50% level. Intraday traders can look at the levels on spot nifty given below to trade on Monday.

No trade between 4874 and 4909(To avoid whipsaw)

Buy above 4909 sl of 4889

targets 4927-4945(add positions breakout on the upside)

4963-4981-4999-5017-5035

Sell below 4874  sl of 4894

targets 4856-4838(add positions breakout on the downside)

4820-4802-4784-4766-4748.

Happy Trading !

Nifty View for 18.05.2012

Nifty has now made a higher low and higher high today at 4850.20 and 4922.25 which means we have a change in trend on the short term.This will continue till the low of 4837.05 is held by nifty.Nifty opened with a gap up and gave away the gains late in the day to close at 4870.20. The close is positive for nifty but by smaller margin.So we need convincing close above 4955 to make it positive further.Above chart shows fibo projection levels which need to be watched for further moves. MFI index shows movement towards upside now we need price confirmation for the same. We need a strong weekly close to confirm the change in trend. Intraday traders can look at the levels of spot nifty given below to trade on Friday.

No trade between 4853 and 4888(To avoid whipsaw)

Buy above 4888 sl of 4868

targets 4906-4924(add positions breakout on the upside)

4942-4960-4978-4996-5014

Sell below 4853  sl of 4873

targets 4835-4817(add positions breakout on the downside)

4799-4771-4753-4735-4717.

Happy Trading !

Nifty View for 17.05.2012

Nifty opened gap down today and did not recover after making a low at 4837.05 and closed the day at 4858.25.Another down day and lost all the gains of yesterday. On the radar is the level of 4800 the high made after the low of 4531.Break of 4800 will create a panic and closing below it will make nifty structurally weak. The recovery will be more painful and time consuming if 4800 is not held on closing basis. We need to cross the level of 4950 to make any attempt of recovery. After a time consuming correction in April the breakdown has been severe on nifty in May. It has wiped out all the gains and we are nearing the Jan 2012 levels at the lower end. Intraday traders can look at the levels on spot nifty given below to trade on Thursday.

No trade between 4841 and 4876(To avoid whipsaw)

Buy above 4876 sl of 4856

targets 4892-4910(add positions breakout on the upside)

4928-4946-4964-4982-5000

Sell below 4841  sl of 4861

targets 4823-4806(add positions breakout on the downside)

4789-4771-4754-4737-4720.

Happy Trading !

Nifty View for 16.05.2012

Nifty has made a new low at 4868.55 and recovered for the day to close at 4942.80 after making a high at 4955.20.Nifty has closed above the fibo level of 4920 taken from top of 6338 to bottom of 4531.A casual look at the levels show the support and resistance formed around the fibo levels.Short term resistance is at 5078.00. A  close above 5170 will make it positive further.If this bottom is held on nifty then a recovery up to 5078-5130 is expected in this pull back. Closing above the 5000 psychological mark will be the first positive sign. MFI index needs to show some rise to confirm this recovery.Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

No trade between 4920 and 4960(To avoid whipsaw)

Buy above 4960 sl of 4940

targets 4978-4996(add positions breakout on the upside)

5014-5032-5050-5068-5086

Sell below 4920  sl of 4940

targets 4902-4884(add positions breakout on the downside

4866-4848-4830-4812-4794.

Happy Trading !

Nifty View for 15.05.2012

Nifty has made a new low of this down swing at 4874.50 and closed the day at 4907.80.It has closed below the 4950 level of 61.8% level again.Nifty has to cross this resistance of 4950 to make any attempt for recovery.The chart shows the channel action of nifty.Nifty has supports at 78.60% level of 4764.00 if it continues further down. MFI has reached the level from where buying emerges so one needs to watch if it moves up again. Intraday traders can look at the levels given below on spot nifty to trade on Tuesday.

No trade between 4890 and 4928(To avoid whipsaw)

Buy above 4928 sl of 4908

targets 4946-4964(add positions breakout on the upside)

4982-5000-5018-5036-5054

Sell below 4908  sl of 4928

targets 4892-4874(add positions breakout on the downside

4856-4838-4820-4802-4784.

Happy Trading !

Nifty View for 14.05.2012

Nifty has given a weekly close below 5000 mark at 4928.90.Its been a good correction from 5630 to 4909.15 nearly 700 points for a rise of 1100 points.Above chart show the bull's failure levels.Bulls failure because see the bears have matched the bulls power with equal amount at both the levels and have been successful to take the price down effectively.Nifty could not close above these levels thereafter.Fibonacci time periods show we are near critical time period from where reversal is possible.Money Flow Index shows buying happening at lower levels. Intraday traders can look at the levels below on spot nifty to trade on Monday

No trade between 4911 and 4947(To avoid whipsaw)

Buy above 4947 sl of 4927

targets 4965-4983(add positions breakout on the upside)

5001-5019-5037-5055-5073

Sell below 4927  sl of 4947

targets 4909-4891(add positions breakout on the downside

4873-4855-4837-4819-4801.

Happy Trading !

NIFTY VIEW FOR 11.05.2012

Nifty opened today at 4984.15 looked positive before being resisted at 5039.30.Tnen gave up the gains to make a bottom of 4950.30 and closed at 4965.70.The above charts show the nifty fall channel from the top of 5630.The channel show we have bounced back from bottom of the channel.The level shown on chart is the trend deciding level.Its the level upto which a bounce can be expected if we make a low at the bottom of this channel.Intraday traders can look at the levels on spot nifty to trade on Friday.

No trade between 4948 and 4983(To avoid whipsaw)

Buy above 4983 sl of 4963

targets 5001-5019(add positions breakout on the upside)

5037-5055-5073-5091-5109

Sell below 4948  sl of 4968

targets 4930-4912(add positions breakout on the downside

4892-4874-4856-4838-4820.

Happy Trading !

NIFTY VIEW FOR 10.05.2012

Nifty opened gap down today at 4967.60 and tried to recover with a high of  5016.25 and then slipped down again to low of 4956.45 and closed the day at 4974.80.The trend is down and could turn more nasty if there is no recovery soon.Nifty could move the levels of 4800 a top made on 27.12.2011.On the charts nifty price has clearly moved out of the fibo fans supports.The 61.8% level of retracement from top comes to 4951 which is were we took support.The next fibo level comes at 78.6% at price of 4767.We need a gap up opening tomorrow with the gap acting as support till friday for the bulls to regain the lost ground.Another gap down will be accelerate the fall with gap acting as resistance.Intraday traders can look at levels on spot nifty to trade on Thursday.

No trade between 4957 and 4992(To avoid whipsaw)

Buy above 4992 sl of 4972

targets 5010-5028(add positions breakout on the upside)

5046-5064-5082-5100-5118

Sell below 4957  sl of 4977

targets 4939-4921(add positions breakout on the downside

4903-4885-4868-4850-4832.

Happy Trading !

Nifty View for 09.05.2012

Yesterday's recovery could not be sustained today and nifty made a low at 4893.60 and closed at lower at 4999.95.A shade below 5000 which is a psychological figure which looks very bearish.On charts we can see nifty breaking the 50% level from top of fibo fan.It has  acted as resistance today.Nifty today has closed below the 78.6% level of support of fibo fan from bottom.Nifty needs to be above these levels to be giving any hopes of recovery.Money Flow Index clearly shows the trend from the recent top.Intraday traders can look at the levels below on spot nifty to trade on Wednesday.

No trade between 4982 and 5017(To avoid whipsaw)

Buy above 5017 sl of 4997


targets 5035-5053(add positions breakout on the upside)

5071-5088-5106-5124-5142


Sell below 4982  sl of 5002


targets 4964-4946(add positions breakout on the downside


4928-4910-4892-4876-4858.

Happy Trading !

Nifty View for 08.05.2012

Nifty spot had an eventful day today making lows and highs at extremes.Spot nifty close above 5100 level at 5114.15 is heartening for bulls.Its needs to be again in the 5130-5330 to be poised for further recovery.Above chart shows the level to be watch on nifty futures tomorrow.Intraday traders can look at levels on spot nifty given below to trade on Tuesday.

 No trade between 5096 and 5132(To avoid whipsaw)

Buy above 5132 sl of 5112


targets 5150-5168(add positions breakout on the upside)

5184-5202-5220-5238-5254.


Sell below 5096 sl of 5116


targets 5078-5060(add positions breakout on the downside


5042-5024-5006-4988-4970.

Happy Trading !

NIfty View for 07.05.2012

Nifty broke the low made earlier and gave a breakdown to close below 5100 at 5086.85Nifty has clearly moved out of the of 5130 to 5330.One can remain short on spot nifty with a stop loss of 5130.Above which spot nifty may again move into the same range of sideways action.Only breakout above 5330 on spot nifty can make it positive.The low on spot nifty has been the same made by it on 30.01.2012.Sustaining above this level of 5076 can help it to make some recovery on Monday.Below this level it will correct further down to levels shown in charts. Intraday traders can look at the levels below on spot nifty to trade on Monday.

No trade between 5069 and 5105(To avoid whipsaw)

Buy above 5105 sl of 5085


targets 5123-5141(add positions breakout on the upside)


5159-5177-5195-5213-5241.


Sell below 5069 sl of 5089


targets 5051-5033(add positions breakout on the downside


5015-4997-4979-4961-4942.

Happy Trading !

NIfty View for 04.05.2012

Nifty opened yesterday gap down tried to recover to make a high of 5217.30 and then went down to make a low of 5180.65 and closed the day at 5188.40.In all an negative day for nifty spot.On the charts spot nifty has closed below the Ichimoku clouds for the first time which is does auger well for the up trend.Force Index is also below the neutral line.So today's close which will be a weekly close will be important one for spot nifty.Nifty needs to close the gap to recover the loss and move up again.The range of 5330-5130 is for short term  traders where swift moves are seen on spot nifty.One can take positional call whenever spot nifty moves out of this range.Intraday day traders can look at the levels given below on spot nifty to trade today.  

No trade between 5170 and 5206(To avoid whipsaw)

Buy above 5206 sl of 5186


targets 5224-5242(add positions breakout on the upside)


5260-5278-5294-5312-5340.


Sell below 5186 sl of 5206


targets 5168-5150(add positions breakout on the downside


5132-5114-5096-5078-5060.

Happy Trading !

Nifty View for 03.05.2012

Nifty opened with a gap today at 5254.30 made a high at 5279.60 and then gave the gains of the day to make a low at 5226.45 and closed the day at 5239.15.Its a lower close than yesterday but it made a higher high and higher low which is heartening for the bulls.The sideways trend is trying patience of the traders who look tried of the range of 250 odd points on nifty.Its a time correction with price remaining range bound.Things will again happen quick when a breakout on either side is achieved.On charts nifty is in Ichimoku clouds. Stochastics looks to be bottoming out.Force Index is still at neutral.In all no clear trend yet.Intraday traders can look at the levels on spot nifty to trade on 03.05.2012.

No trade between 5221 and 5257(To avoid whipsaw)

Buy above 5257 sl of 5237


targets 5275-5293(add positions breakout on the upside)


5311-5329-5347-5365-5379.


Sell below 5221 sl of 5241


targets 5203-5185(add positions breakout on the downside


5167-5149-5131-5113-5095.

Happy Trading !

Nifty View for 02.05.2012

Nifty has ended the month with a positive candle with a close on spot at 5248.15 on Monday.Its a strong close after 7 trading days.Nifty need to take out the levels of 5306.75 , 5342.25 and 5378.75 on the spot which may act as resistances.On the charts spot nifty has taken supports of the Ichimoku clouds exactly.The cloud resistance is at 5356.50.Above this level it can build further momentum ahead.Stochastics is also forming a bottom.Force Index is again at neutral levels.It will be soon giving a breakout above or below the clouds as they are narrowing .Intraday traders can look at the levels on spot nifty for Wednesday given below.

No trade between 5230 and 5266(To avoid whipsaw)

Buy above 5266 sl of 5246


targets 5264-5282(add positions breakout on the upside)


5300-5318-5336-5354-5372.


Sell below 5230 sl of 5250


targets 5212-5194(add positions breakout on the downside


5176-5158-5140-5122-5104.

Happy Trading !