Dow Jones 29.06.2012

S & P 500 29.06.2012

Nifty Long Term Chart

Nifty View for 29.06.2012

Nifty June series expiry is at 5149.15, which is a gain of roughly 200 points. June series has been the bottom at 4789 to rise to 5020 and again a bottom at 4770 and rise to highs of 5190 and 5194 roughly. So the trend has been consolidation at bottom of 4770 after a huge fall then rise to resistance to 5190 level with consolidation again between 5050 to 5200. The best close is at 5165 and worst close is at 5054. So for the trend to be decided by nifty we need to close above or below this levels and sustain further. Staying out with less commitment is the call right now. Intraday traders can look at the levels on spot nifty given below to trade on Friday.

No trade between 5131 and 5167(To avoid whipsaw)

Buy above 5167 sl of 5147

targets 5185-5203(add positions breakout on the upside)

5221-5239-5257-5275-5293.

Sell below 5131  sl of 5151

targets 5113-5095(add positions breakout on the downside)

5077-5059-5041-5023-5005.

Happy Trading !!!

Nifty View for 28.06.2012

Nifty has been today again in a tight range of 30 points. On charts nifty is being restricted by the fibo fans drawn from top and bottom. The rectangle marked shows the price movement in recent past. The price action looks trapped in that zone waiting to breakout on either side. Nifty is taking time to decide which way it wants to go and seems in no hurry. This is trying the patience of intraday traders who are trapped and cannot make effective trades on such days. MFI shows the lack of momentum and is sideways. In all waiting for the breakout to happen as mentioned yesterday  will be prudent. Intraday traders can look at the levels on spot nifty to trade on expiry day.

No trade between 5124 and 5160(To avoid whipsaw)

Buy above 5160 sl of 5140

targets 5178-5196(add positions breakout on the upside)

5214-5232-5250-5268-5286.

Sell below 5124  sl of 5144

targets 5106-5088(add positions breakout on the downside)

5070-5052-5034-5016-4998.

Happy Trading !!!

Nifty View for 27.06.2012

Nifty is moving in a tight range of 5100-5200 as the expiry is nearing for this series. The broader range looks at 5050-5200. So the level to watch is the 5050 level which will decide the short term trend.The channel target above 5200 is 5350 whenever we get a breakout above 5200. The breakdown on nifty could it below 5050 to 4900 if the momentum persists on downside. On charts the nifty is resisted by the Ichimoku clouds and supports come at the bottom of clouds at 4967. The Conversion(9 day) is at 5118 and the Base(26 day) is at 4979. Also the Bollingers bands shown a range of 5236(upper band) and  4835(lower band) with the 20 SMA(center line) at 5042. MFI(14 day) has moved sideways with the momentum waning and has turned its head downwards.So the pause in momentum for nifty continues till expiry below the level of 5180. The breach of 5100 on the downside which has been acting as support will open more downside for it up to 5050 for tomorrow. Intraday traders can look at the levels on spot nifty to trade on Wednesday.

No trade between 5103 and 5139(To avoid whipsaw)

Buy above 5139 sl of 5119

targets 5157-5175(add positions breakout on the upside)

5193-5211-5229-5247-5265.

Sell below 5103  sl of 5123

targets 5085-5067(add positions breakout on the downside)

5049-5031-5013-4995-4977.

Happy Trading !!!

Nifty View for 26.06.2012

Nifty had made a new swing high of 5194.60 before giving up the gains in last few hours. Spot nifty has been around the 5040 level and hence its the important level to watch for the trend. Nifty futures chart above show the support and resistance. If the fan support is held then we should make another attempt at 5200 soon. Below 5040 we have supports at 4960 which should be critical for the momentum of this swing. So keep 5040 on your radar for this swing to continue ahead. Intraday traders can look at the levels given below on spot nifty to trade on Tuesday.

No trade between 5097 and 5133(To avoid whipsaw)

Buy above 5133 sl of 5113

targets 5151-5169(add positions breakout on the upside)

5187-5205-5223-5241-5259.

Sell below 5097  sl of 5117

targets 5079-5061(add positions breakout on the downside)

5043-5025-5007-4989-4971.

Happy Trading !!!

DOW JONES 24.06.2012

EURUSD WEEKLY CHART

Nifty View for 25.06.2012

Nifty after opening the week on a high has moved sideways all the week. Things have been quite for nifty all along the week with good consolidation. Now with expiry looming overhead will it cross the resistance and move for a strong expiry in June is the question. On charts the move of nifty is well channeled. RSI(9 days) is moving sideways but within the channel. Nifty price looks at the upper end of the Bollinger Bands which is positive for it, if we look for the past 4 months on the daily chart. The levels of 5174 and 5020 marked on the charts will define the trend for nifty. In all it looks poised for next up move unless 5020 is taken out. Intraday traders can look at the levels given on spot nifty to trade on Monday.

No trade between 5128 and 5164(To avoid whipsaw)

Buy above 5164 sl of 5144

targets 5182-5200(add positions breakout on the upside)

5218-5236-5254-5272-5290.

Sell below 5128  sl of 5148

targets 5110-5092(add positions breakout on the downside)

5076-5058-5040-5022-5004.

Happy Trading !!!

Nifty View for 22.06.2012

After dilly-dallying for the day spot nifty moved with a sudden spurt to end the day on a positive note. Spot nifty has moved all the week in sideways after opening the week with a high of 5190. After nearly four trading days we are yet to cross this high. We can say so near yet far with 25 points to be taken out for a breakout. Spot nifty move looks well channeled  and till its maintaining that it will auger well for the trend. Only remorse is yet to make a new high. Was it a distribution day ?So another close for the week with a question in mind will it make a  high on Friday. MFI is yet rising so no questions on it. So the suspense is interesting poised on spot nifty for Friday. Intraday  traders can look at the levels on spot nifty to trade on Friday.

No trade between 5147 and 5183(To avoid whipsaw)

Buy above 5183 sl of 5163

targets 5201-5219(add positions breakout on the upside)

5237-5255-5273-5291-5307.

Sell below 5147  sl of 5167

targets 5129-5111(add positions breakout on the downside)

5093-5075-5057-5039-5021.

Happy Trading !!!

Nifty View for 21.06.2012

Nifty has shown resilience for today by maintaining above 5100. Current trend is still undecided between the range of 5100 to 5200 on the spot nifty. On charts fibonacci fans show clearly the action of nifty. The trend should give some direction soon, it will be prudent till then to remain unbiased on markets. The level of 5133 mentioned was crossed today but not sustained. So we need some more clarity from Mr. Markets to warrant action. Intraday Traders can look at the levels on spot nifty to trade on Thursday.

No trade between 5103 and 5138(To avoid whipsaw)

Buy above 5138 sl of 5118

targets 5156-5174(add positions breakout on the upside)

5192-5210-5228-5246-5264.

Sell below 5118  sl of 5138

targets 5100-5082(add positions breakout on the downside)

5066-5048-5030-5012-4994.

Happy Trading !!!

Nifty View for 20.06.2012

Nifty has today protected yesterday's low successfully and made an attempt towards recovery of losses of earlier move. On charts the keys levels are 5100 and 5201 which will decide the trend further. Nifty oscillating between these levels  will be in consolidation mode. MFI is still maintaining the channel and should turn around its head up for the trend to continue. The level of 5133 mentioned yesterday was not crossed today. The level of 5040 is critical for the trend of this week. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

No trade between 5094 and 5129(To avoid whipsaw)

Buy above 5129 sl of 5109

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

5183-5201-5219-5237-5255.

Sell below 5109  sl of 5129

targets 5091-5073(add positions breakout on the downside)

5055-5037-5019-5001-4983.

Happy Trading !!!

Nifty View for 19.06.2012

Nifty had a very bad out for investors today after the gap up opening in the morning. Spot nifty was resisted at 5190.20 high today then gave the rise quickly to bottom at 5041.70 and closed the day at 5064.25. In all the day was on the down side with no recovery possible as it appeared. The momentum on the upside was lost with this fall. Now nifty has to regroup its strength again and cross the level of 5138 to show any chances of recovery. Sustaining below this level will make the recovery very difficult. Critical levels for spot nifty are marked on charts. Intraday traders can look at the level given below on spot nifty to trade on Tuesday.

No trade between 5046 and 5082(To avoid whipsaw)

Buy above 5082 sl of 5062

targets 5100-5118(add positions breakout on the upside)

5136-5154-5172-5190-5208.

Sell below 5046  sl of 5066

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

4992-4974-4956-4938-4920.

Happy Trading !!!

Nifty View for 18.06.2012

Nifty opened with a gap on the upside and after a sideways move started the recovery of earlier day's losses. Spot nifty made a high of 5146.20 a new swing high and closed the week at 5139.05 a high weekly close of the swing. Its been a good recovery for the Nifty from the swing lows of 4770.35. Level to watch on intraday basis for spot nifty will be 5112. Trend looks positive above 5040 on spot.Breaking of 5040 may take it to 4960 which will be the trend deciding level. Spot Nifty faces cluster of resistances in the band of 5160 to 5220 and clearing this band will strengthen the trend.In all enjoy the ride till it continues. Intraday traders can look at the levels on spot nifty to trade on Monday.

No trade between 5121 and 5157(To avoid whipsaw)

Buy above 5157 sl of 5137

targets 5185-5211(add positions breakout on the upside)

5229-5247-5265-5283-5301.

Sell below 5121  sl of 5141

targets 5103-5085(add positions breakout on the downside)

5067-5049-5031-5013-4995.

Happy Trading !!!

Nifty In Current Scenario....

Nifty Futures have a resistance at 5239 level......above this one may see huge short covering happening in markets.....


Happy Trading. !!!

Nifty View for 15.06.2012

Nifty yesterday looked weak for the whole day and today it showed the weakness by opening with gap down at 5105.10. It filled the gap and reached a high of 5130 showing a few minutes of green and that was all the green seen for rest of the day. Nifty slipped down in red to make a low of 5047.60 and closed the day at 5054.75. As seen on chart the level of 5080 was important support for the rise and it was breached today. Below 5080 the next important level is at 4951 which will become reality on breach of 5000 mark. Sustaining above 5080 will auger well for the trend and below it 5020 is an important support. In all an interesting Friday for nifty and yet an important weekly close for nifty after a rise of 400 odd points. Intraday traders can look at the levels given below on spot nifty for Friday.

No trade between 5037 and 5073(To avoid whipsaw)

Buy above 5073 sl of 5053

targets 5091-5111(add positions breakout on the upside)

5129-5147-5165-5183-5201.

Sell below 5037  sl of 5057

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

4983-4965-4947-4929-4911.

Happy Trading !

Nifty View for 14.06.2012

Nifty made a high at 5144.90 and low of 5095.45 and closed the day at 5121.45. For the trend on spot nifty its a new high and a higher close which is good.But today's action saw some exhaustion for the move on spot nifty as there was no specific direction on it.Spot nifty closed around roughly same level which shows equal force between bears and bulls.The bulls failed to defend it at higher levels.The chart shows Fibo Fan resistance hit only crossing above it and sustaining there will take it higher to the resistance around 5180 levels.MFI shows no exhaustion yet so in all a mixed signal for today which says us to be cautious for intraday action. Intraday traders can look at the levels given below to trade on Thursday.

No trade between 5103 and 5139(To avoid whipsaw)

Buy above 5139 sl of 5119

targets 5157-5185(add positions breakout on the upside)

5211-5229-5247-5265-5283.

Sell below 5103  sl of 5123

targets 5085-5067(add positions breakout on the downside)

5049-5031-5013-4995-4977.

Happy Trading !

Nifty Hourly Cycle..

Nifty View for 13.06.2012

Nifty opened today gap down at 5015.15 which was the low for the day. It recovered as the day progressed to make a swing high at 5128.90 and closed shops at 5119.10 which is the highest close of this swing. Nifty has support and resistance as shown in charts. MFI still looks positive which augers well for the trend. Intraday traders can look at the levels on spot nifty to trade on Wednesday.

No trade between 5098 and 5134(To avoid whipsaw)

Buy above 5134 sl of 5114

targets 5152-5180(add positions breakout on the upside)

5206-5224-5242-5260-5278.

Sell below 5098  sl of 5118

targets 5080-5062(add positions breakout on the downside)

5044-5026-5008-4990-4972.

Happy Trading !

Nifty View for 12.06.2012

Nifty opened with a gap today at 5096.70. After moving in a range it gave the gains to close the day at 5054.10. The high and low for the day were at 5124.45 and 5054.70. The supports on spot nifty comes around 4980 below it we may for deeper correction. The trend is positive above the 5060 level with targets of 5170. The MFI is still up and hints at continuation of trend. Intraday traders can look at the levels on spot nifty to trade on Tuesday.

No trade between 5036 and 5072(To avoid whipsaw)

Buy above 5072 sl of 5052

targets 5090-5108(add positions breakout on the upside)

5126-5144-5162-5180-5198.

Sell below 5036  sl of 5056

targets 5020-5002(add positions breakout on the downside)

4984-4966-4948-4930-4912.

Happy Trading !

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as you will be always aware of the price action.....

In this course :

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4) Free Trading Template for Nifty(conditions apply..)

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(stocks,stockfutures,index futures,commodities,currency pairs....)

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Nifty View for 11.06.2012

Nifty on Friday opened at 5044.25 after moving sideways made a low of 4994.80 and then saw good recovery from those levels to end the week on positive note at 5068.35 with a high of 5084.45. Nifty has been moving up in the channel shown in chart which looks currently positive. Nifty is nearing the resistance of as shown in chart. Above the resistance it can hit the dotted line on chart. MFI is positive and in a rising channel which augers well for this up move. Intraday traders can look the levels on spot nifty given below to trade on Monday.

No trade between 5051 and 5086(To avoid whipsaw)

Buy above 5086 sl of 5066

targets 5104-5122(add positions breakout on the upside)

5140-5158-5176-5194-5212.

Sell below 5051  sl of 5071

targets 5033-5015(add positions breakout on the downside)

4997-4979-4961-4943-4925.

Happy Trading !

Harmonic Trading Course.

Harmonic Trading Course..

1) Used to calculate trading levels for any time frames..

2) Find target levels which can be watched for change in trend..

3) It works as per geometry of markets..

For further details mail at kbr9121965@yahoo.com.

Results.. Nifty Futures targets achieved 4968- next - 5091 ----------

 after achieving the target of 4968 

the low on Friday was again 4968..

next one...............................

learn in course......

Happy Trading.!!!

Nifty in Current Scenario

FTSE 100 08.06.2012