NIfty View for 01.02.2013

Nifty futures had a expiry at 6034.75 with a net gain of 164.65 points from the Dec 2012 settlement at 5870.10. The pivot of Jan 2013 at 5898 there is increase of 130 points with the pivot of Feb 2013 coming at 6028. The close for Feb 2013 futures is at 6067.20 which is above the pivot. The stop loss for this series longs comes to 5936. The resistances for the month of Feb 2013 are at 6126.50-5218.25-6408.25. The supports for Feb 2013 are at 5936.50-5838.25-5648.25. The short term trading levels on futures upside are 6077-6126-6172 and on the downside are 5982-5936-5887 with 6028 being the pivot. On charts we are still at the bottom of the channel and consistently hitting it on regular basis. This shows lack of momentum by the futures by lingering at the bottom of the channel. But as long as this channel is maintained by price action we are positive on the futures. Try to work on the levels given for the month and short term to generate regular profits. The range of RSI is baffling as its been squeezed and any breakout may give the momentum on either side. MFI is recovering from lows so some support is coming at lower levels. Intraday trader can use the levels given below on nifty futures to trade on Friday.

 Nifty Futures Levels for Trading on Friday :

No trade between 6048 and 6088(To avoid whipsaws)

Buy above 6088 sl of 6068

targets 6107-6126(add positions, breakout on the upside),

6145-6164-6183-6202-6221.

Sell below 6048  sl of 6068

targets 6029-6010(add positions,breakout on the downside)

5991-5972-5953-5934-5915.

Happy Trading !!!

Nifty View for 31.01.2013

Nifty futures were in a range and again at the bottom of the channel. Tomorrow looks to the last day of the trend  on Nifty futures. Important astrological  dates for futures in February are 06.02.2013, 09.02.2013(effect on 11.02.2013), 18.02.2013, 21.02.2013 and 26.02.2013. Please do not ask reasons because we learn this in our astro course.  The range is pretty same as mentioned yesterday. On MFI we see some buying happening  at lower levels.  RSI is still in range. Lack of momentum is depicted by both of them. Intraday players can look at the levels on spot nifty given below. 

Spot Nifty Levels for Trading on Tuesday :

No trade between 6036 and 6075(To avoid whipsaws)

Buy above 6075 sl of 6055

targets 6094-6113(add positions, breakout on the upside),

6132-6151-6170-6189-6208.

Sell below 6036  sl of 6056

targets 6017-5998(add positions,breakout on the downside)

5979-5960-5941-5922-5903.

Happy Trading !!!

Nifty View for 30.01.2013

Nifty futures opened today at 6071 and made a new high for the series at 5120 and then witnessed sell off for the day to make a low of 6040 and closed shops at 6049.80. The 6050 level is acting as a magnet for futures. Again the lower end of the channel being hit for the fourth time. The futures made a new high which is to be noted. Also the aqua line from where the breakout took place is still below the price action. It would be prudent to watch this aqua line and the rising channel for further clues. Option writer had a field day with wild swings throughout the day with 6100CE for Jan 2013 making a high of 44 and closing the day at 9.70, a loss of nearly 78% in premium from the highs. The bigger range on futures looks to be 5975 to 6129 as we touched 6120 today. The pivot is at 6052 on the futures. Also 6129 was our third monthly target for this series if your are reading the blog regularly. You may use the levels given for monthly series for regular profit booking around it. Intraday traders can use the levels on spot nifty given below to trade on Tuesday.

Spot Nifty Levels for Trading on Thursday :

No trade between 6030 and 6069(To avoid whipsaws)

Buy above 6069 sl of 6049

targets 6088-6107(add positions, breakout on the upside),

6126-6145-6164-6183-6202.

Sell below 6030  sl of 6050

targets 6011-5992(add positions,breakout on the downside)

5973-5954-5935-5916-5897.

Happy Trading !!!

Nifty View for 29.01.2013

Nifty Futures had a volatile day moving from high of 6091.30 and low of 6063.50 in a small range and closed the day at 6078.15. The close is above the 6075 and within striking distance of high of 6109. On charts its again we see the channel showing its importance after bouncing from the lower end of the channel. Indicators are within the same range so no clues there. MFI shows some buying happening at lower levels and its rise will give some momentum to the price. Use the levels given in earlier posts which have worked very well to catch this trend. Intraday traders can look at the levels on spot nifty to trade on Tuesday.

Trade Levels for Tuesday :

No trade between 6055 and 6094(To avoid whipsaws)

Buy above 6094 sl of 6074

targets 6113-6132(add positions, breakout on the upside),

6151-6170-6189-6208-6227.

Sell below 6055  sl of 6075

targets 6036-6017(add positions,breakout on the downside)

5998-5977-5956-5935-5914.

Happy Trading !!!

Nifty View for 28.01.2013

Nifty futures remained in the positive zone for the whole day and trapped the shorts..... The high for this series of Jan 2013 being at 6109 and low is at 5930. The 50% level for this range of roughly say 180 points comes to 6019.50 which is the level to watch for this series. The 62.5 % level is at 6042.50 above which one can be positive. The 75 % level comes at 6065 and 82.5 % level comes at 6078.50. The close for the week is at 6073.30 very near to the 82.5% level. So use this levels for trading on futures. On futures chart, price continues to be above the double lines at the bottom of the rising channel. Indicators doing nothing by staying within the range so trend is up as long as we are in this channel. Intraday traders can look at the levels on spot nifty given below to trade on Monday.

Trade Levels for Monday :

No trade between 6055 and 6094(To avoid whipsaws)

Buy above 6094 sl of 6074

targets 6113-6132(add positions, breakout on the upside),

6151-6170-6189-6208-6227.

Sell below 6055  sl of 6075

targets 6036-6017(add positions,breakout on the downside)

5998-5977-5956-5935-5914.

Happy Trading !!!

Spot Nifty and Murrey Maths ...26Jan2013

Spot Nifty and Murrey Maths…26 Jan 2013...

Nifty bottom say 2300

Nifty High say 6300

Divide this range by 8

Range = 4000/8 = 500 points

12.5% = 2300 + 500 = 2800

25% = 2800 +500 = 3300

37.5 % = 3300 + 500 = 3800

50.0 % = 3800 + 500 = 4300

62.5 % = 4300 + 500 =4800

75 .0 % = 4800 + 500 = 5300

82.5 % = 5300 + 500 = 5800.

100 .0 % = 5800 + 500 = 6300.

2300 roughly was the low for Nifty in Oct  2008.

(actual low as 2252.75 on 27.10.2008)

Dec 2011 low was 4530 did  break the 50%....

But opened with a gap-up above the 50% level of 4550….

June 2012 low was 4770 very near to 4800 (62.5 %).

But opened with a gap up above the level of 4800 (new range… upto 5300)

Now for range from 4800 to 5300 …

50% was 5050 , low made on 26.07.2012 just clipped it then recovery..

Now low made on 06.07.2012 was 5217 and close was 5228.40.

What happened next opened with a gap up on 07.07.2012 above 5300

Open was 5309.45 and closed at 5342.10, so breakout as per Murrey Maths Levels.

Now for range from 5300 to 5800 ..

50 % was 5550 ….

Low made on 20.11.2012 was 5548 (amazing coincidence….)

Low made on 18.12. 2012 was 5823 ..

Did not break 5800 …so hold on ..no problems…

Last range or Top Range is 5800 to 6300.

50 % level ….6050 very important level to watch…

Divide this range by 8 to get

Working levels for your trades..

500/8 = 62.5 points

So levels are…

5862.50, 5925, 5987.50, 6050…

6050 is the level above which one can be positive…

For targets of the top at 6300..

Above 6050 , we have..

6112.50, 6175, 6237.5 , 6300…

All levels on Spot nifty…

Happy Trading !!!

Nifty 4 Hrs Gann Angles 25.01.2013

Following them smoothly...


Happy Trading !!!

Nifty View for 25.01.2013

Nifty Futures dipped below the yesterday's close and remained in the red for the day. Nifty futures opened near 6064 and breached the support of 6052 and negative thereon for the day. The next supports are at 5975 and staying below 6052 would be negative for the day. Going below 5975 will be detrimental for the futures and hit the pivot of the month at 5898. But we stayed put for the day above 6000 levels. The range looks to be in between the levels of 5975 to 6129. Intraday traders can look at the levels on spot nifty to trade on Friday.

Trade Levels for Friday :

No trade between 6000 and 6038(To avoid whipsaws)

Buy above 6038 sl of 6018

targets 6057-6076(add positions, breakout on the upside),

6095-6114-6133-6152-6171.

Sell below 6000  sl of 6020

targets 5981-5962(add positions,breakout on the downside)

5943-5924-5905-5886-5867.

Happy Trading !!!

Nifty View for 23.01.2013

Nifty futures moving again within the range with the close above 6052 after making a low at 6028.20. Futures moving sideways traps the option buyers who hold them for nifty level targets and option writers have a field day with both the calls and puts in red or minuscule profits at the end of this sideways move. The range remains same as mentioned yesterday from 5975 to 6129 with 6052 as pivot on futures. The zone to watch on charts is being squeezed as we are nearing the channel bottom but still above the aqua line. The indicators also show the squeeze on RSI and MFI breaking out of it. So patience will be tested with moves on either side with false breakouts. Intraday traders can look at the levels on spot nifty to trade on Thursday. 

Trade Levels for Thursday :

No trade between 6035 and 6074(To avoid whipsaws)

Buy above 6074 sl of 6054

targets 6093-6113(add positions, breakout on the upside),

6132-6152-6172-6191-6211.

Sell below 6035  sl of 6055

targets 6015-5996(add positions,breakout on the downside)

5977-5957-5938-5919-5900.

Happy Trading !!!

Nifty View for 23.01.2013

Nifty futures opened today with a small gap up made a new high of 6109 and then gave the gains in the afternoon to make a low of 6054.50 and closed the day at 6061.25. The net loss from the high made today  is 48 points. The low of the day was near our second monthly level of 6052 if you had noticed.  So for tomorrow this level is important because going below this level the momentum will be lost. Monthly pivot is still below at 5898 the level where change in trend may occur. Support at 5975 and resistance at 6129 on futures.If futures move below 6052 it can go to 5975 and above 6129 it can go up to 6180. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

Trade Levels for Wednesday :

No trade between 6029 and 6068(To avoid whipsaws)

Buy above 6068 sl of 6048

targets 6087-6116(add positions, breakout on the upside),

6135-6154-6173-6182-6201.

Sell below 6029  sl of 6049

targets 6010-5981(add positions,breakout on the downside)

5962-5943-5924-5905-5886.

Happy Trading !!!

NIfty View for 22.01.2013

Nifty futures were in the positive for the whole day which is good  start for the week. Tomorrow we have some astrological significance whose effect will be seen in markets. The time zone for this significance could up to 30.01.2013 and needs to be observed and confirmed along with the technicals. Today we made a new high at 6107.50 and closed at 6096.45 which is very close to the earlier high. The third monthly target for nifty futures are at 6129 which may act as stiff resistance. On charts both the indicators look to be squeezed between converging lines, so break on either side will confirm the trend. The price is supreme so pay attention to it and work on the levels given for the day. Intraday traders can look at the levels on spot nifty to trade on Tuesday.

Trade Levels for Tuesday :

No trade between 6063 and 6102(To avoid whipsaws)

Buy above 6102 sl of 6082

targets 6121-6140(add positions, breakout on the upside),

6159-6178-6197-6216-6235.

Sell below 6063  sl of 6083

targets 6044-6025(add positions,breakout on the downside)

6006-5985-5966-5945-5926.

Happy Trading !!!

Nifty View for 21.01.2013

Nifty futures continued the recovery after opening with a gap up but closed at 5074.85 nominally below the open of 5075. Nifty futures have bounced back from the aqua line shown in chart and made a higher low. But it is yet to cross the earlier of 5096 as it could not go above it on Friday. But a strong close for the week at 5074.85. Continuing within the bigger channel augers well for the trend which is currently up. So till there is no confirmed reversal we may look for higher values for futures. Lets us revise the monthly levels for Jan 2013. The monthly pivot was at 5898. The resistances were at 5975-6052-6129. The supports are at 5821-5717-5673. The low for this series is at 5930 made on 28 December 2012. We have consistently crossed the 6000 and closed above it. So the level to watched critically is 6129 our third monthly target. This needs to be crossed for further momentum. Intraday Traders can look at the levels on spot nifty to trade on Monday.

Trade Levels for Monday :

No trade between 6045 and 6084(To avoid whipsaws)

Buy above 6084 sl of 6064

targets 6103-6122(add positions, breakout on the upside),

6141-6160-6179-6198-6217.

Sell below 6045  sl of 6065

targets 6026-6009(add positions,breakout on the downside)

5991-5972-5953-5934-5915.

Happy Trading !!!

SENSEX 18.01.2013..Andrew Pitchfork

Sensex has been moving in the band of 12.5% to 25% from

 Feb Top to June Low. Lately this range has been reduced to 

12.5%. If it breaks and sustains above this 12.5% range 

then we may see some big move...


Happy trading !!!

Nifty View for 18.01.2013

Nifty futures recovered some of the losses of yesterday to close at 6051. Again the futures look to be trapped in the 75-100 points range after making a high of 6096 on 15.01.2013. On charts nifty did not enter the zone to watch so it was safe for the day. The close is still above the aqua line of which had breakout occurred. Nifty futures are trying to settle above the 6000 psychological level and have been fairly successful yet. The main trend is up till we are not closing weekly below the rising channel . The indicators pair is still at neutral levels indicating a sideways range. Next week days between 21-24 of January 2013 will give us some clues for this trend. There have been many instances for this trend when tops have been called and the calls have eventually failed. So we need some patience and more confirmation before calling it a top. Intraday traders can look at the levels on spot nifty given below to trade on Friday.

Trade Levels for Friday :

No trade between 6020 and 6059(To avoid whipsaws)

Buy above 6059 sl of 6039

targets 6078-6097(add positions, breakout on the upside),

6116-6135-6154-6173-6192.

Sell below 6020  sl of 6000

targets 6001-5982(add positions,breakout on the downside)

5963-5944-5925-5906-5887.

Happy Trading !!!

Nifty View for 17.01.2013

Nifty Futures opened down today and continued down for the day to close at 6016.90. The 6050 level was taken out today and we closed below it. The level to watch now is 5975 closing below it will be detrimental for the momentum. On chart see the "zone to watch " for a clear picture. For the trend we are still above the aqua trend-line and within the bigger rising channel. Intraday traders can look at the levels on spot nifty to trade on Thursday.

Trade Levels for Thursday :

No trade between 5983 and 6032(To avoid whipsaws)

Buy above 6032 sl of 6012

targets 6051-6060(add positions, breakout on the upside),

6079-6098-6117-6136-6155.

Sell below 5983  sl of 6003

targets 5964-5945(add positions,breakout on the downside)

5926-5907-5888-5869-5850.

Happy Trading !!!

Nifty View for 16.01.2013

Nifty futures have continued further today after the weekly consolidation and break out above 6050. The target of 6125 is within reach now with the high of today being at 5096 and close at 5083.15. Watch the level of 6050 for longs with suitable stop loss. Price are within the main rising channel and making higher highs and higher lows  yet to create any panics so trend is to continue upwards. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

Trade Levels for Wednesday :

No trade between 6037 and 6076(To avoid whipsaws)

Buy above 6076 sl of 6056

targets 6095-6112(add positions, breakout on the upside),

6131-6150-6169-6188-6207.

Sell below 6037  sl of 6057

targets 6016-5997(add positions,breakout on the downside)

5989-5970-5951-5932-5913.

Happy Trading !!!

Nifty View for 15.01.2013

Nifty futures have moved out of the range of 5975 to 6050 with today's close at 6064. Readers of the blog may have been saved the pain of stop losses being hit between these levels if they had followed the advice. The range of 75 points above the level of 6050 has opened now and may target the zone of 6125-6200 levels. The ride may not be easy for nifty futures as it is approaching the resistance zone of 6150-6200. So just work on levels to take home profits. On charts we see the futures hitting the top of channel and reversal on that hit. The channel is from 5830 to 5960 on this chart so we may expect a channel target of 6190 on sustaining above the 6125 levels. Raise the stop loss to 6050 on longs and be ready to enter again and again on hits of stop loss at this level and price moving above it. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.

Trade Levels for Tuesday :

No trade between 6005 and 6043(To avoid whipsaws)

Buy above 6043 sl of 6023

targets 6062-6081(add positions, breakout on the upside),

6100-6119-6138-6157-6176.

Sell below 6005  sl of 5985

targets 5984-5965(add positions,breakout on the downside)

5946-5927-5908-5889-5870.

Happy Trading !!!

Reliance Ind...Planetary Composite for May-Dec 2012

Reliance Industries... Planetary Composite for period

from May 2012 to December 2012..


Happy Trading !!!

Nifty Daily Gann Chart ...4hrs chart (contd) 11.01.2013

The yellow lines seem interesting ...in current times...
We hit the bottom today...
Just watch it for more clues....

Happy Trading !!!

Nifty View for 14.01.2013

Nifty futures opened at 6027 level and was moving down from open to close at 5973.05 after making a low at 5969.15. Futures are still in a range of 5975 to 6050 but this range of breached for today and closed just near it. On Monday failure to stay within this range of 75 points we may see more downside up to 5900 levels with 5928 being critical. On charts futures hit the support at top of the aqua channel. Moving into the channel will be negative and bouncing from here will be again in this range. Divergence yet to be played out as seen in indicators. But working on levels will make the traders comfortable. We closed below the level of 5975 and supports are at 5898 as per monthly levels which is the pivot. The other levels hit in this series  are 5975(level 1) and 6050(level 2). Intraday traders can look at the levels on  spot nifty given below to trade on Monday. 

Trade Levels for Monday :

No trade between 5932 and 5971(To avoid whipsaws)

Buy above 5971 sl of 5951

targets 5990-6009(add positions, breakout on the upside),

6028-6047-6066-6085-6104.

Sell below 5932  sl of 5952

targets 5913-5894(add positions,breakout on the downside)

5875-5856-5837-5818-5799.

Happy Trading !!!

Nifty Futures Gann Angles on 4hrs chart 10.01.2013

The yellow ones look promising for the current times....


Happy trading !!!!

Nifty View for 11.01.2013

Nifty futures are at the same level and moving within the range of 5975 to 6050. So please trade on the breakout of this range. The close is similar to yesterday's close sp please use the same levels  for trade on Friday.

Trade Levels for Friday :

No trade between 5955 and 5994(To avoid whipsaws)

Buy above 5994 sl of 5974

targets 6013-6032(add positions, breakout on the upside),

6051-6070-6089-6108-6127.

Sell below 5955  sl of 5975

targets 5938-5917(add positions,breakout on the downside)

5896-5877-5858-5839-5820.

Happy Trading !!!