Nifty View for 01.04.2013

March series ended in negative for nifty futures at 5682 as there was some recovery on the last day of the series. The futures touched a new low of 5604 on the last day and recovered strongly for the intraday close. The divergence on both indicators worked for intraday. On charts we see a well channeled move till date. As long as it stay between the channel recovery may continue to the top of channel. The monthly levels for April series are  pivot at 5757 with resistance levels at 5910 and 6026 and supports at 5641 and 5524. Currently we are below the pivot of 5757 so we are not out of the woods for the futures. Trend players can take positions with suitable stop loss above the pivot level of 5757 for targets at resistance levels as per their risk profile. Intraday players for Monday can be positive above the level of 5698 with targets of 5757.  On the downside it will be negative below 5640 for intraday with targets upto 5582. Intraday traders can watch the levels on spot nifty given below to trade on Monday.

Spot Nifty Levels for Trading on Monday :

No trade between 5664 and 5701(To avoid whipsaws)

Buy above 5701 sl of 5681

targets 5720-5739(add positions, breakout on the upside),

5758-5777-5796-5815-5834.

Sell below 5664  sl of 5684

targets 5645-5626(add positions,breakout on the downside)

5607-5582-5563-5544-5525.

Happy Trading !!!

Nifty Point & Figure Chart 26.03.2013

Happy Trading !!!

Nifty Murray Maths Levels 26.03.2013

Happy Trading !!!

Nifty View for 28.03.2013

 Another non-trending day with close near the same levels. Futures remained in the positive zone for the day and then gave up the gains. Use trend levels given earlier. RSI at same level yet to breach its support. MFI is still showing positive divergence which is yet to materialise. Intraday traders can look at the levels on spot nifty to trade on Thursday. 

Spot Nifty Levels for Trading on Thursday :

No trade between 5622 and 5660(To avoid whipsaws)

Buy above 5660 sl of 5640

targets 5679-5698(add positions, breakout on the upside),

5717-5726-5755-5774-5793.

Sell below 5622  sl of 5642

targets 5603-5584(add positions,breakout on the downside)

5565-5546-5527-5508-5489.

Happy Trading !!!

Nifty Regression Channels 26.03.2013

Happy Holi to All.. as Nifty is painting the Chart in red... 
Some observations on daily with this method..
Happy Trading !!!

S&P 500 Regression Channels.. 26.03.2013

S & P 500 Daily Chart...
1527 is critical level for trend..
Sustaining above 1559 is must for trend continuation..
Sustaining above 1559 could take it to possible targets of 1589 ...
Happy Trading !!!

NIfty View for 26.03.2013

Nifty futures opened with a gap up and stay there for the day and in the afternoon gave up all the gains to close at 5642.  The new low made for the series is at 5633.90 today. The high for the series is at 5990.10 on 11.03.2013. The structure of the price action formed on charts does not say the correction is over but the two bottoms formed are very near to each other.The level on downside to watch is 5552 on the futures which is our level 1 support for the series and is yet to be hit. Only sustaining above 5684 we may see some recovery for the series with only two days remaining. Both indicators are near their bottoms and the correction seems to time-wise one with price action not breaking on the downside below the support 1 level of 5552. The recovery may be sharp after this correction so be ready for it as and when it happens. With expiry looming overhead keep positions light and work with levels given to be on the safer side. Intraday traders can look at the levels on spot nifty given below to trad on Tuesday.

Spot Nifty Levels for Trading on Tuesday :

No trade between 5615 and 5653(To avoid whipsaws)

Buy above 5653 sl of 5633

targets 5672-5691(add positions, breakout on the upside),

5710-5729-5748-5767-5786.

Sell below 5615  sl of 5635

targets 5596-5577(add positions,breakout on the downside)

5558-5539-5520-5501-5482.

Happy Trading !!!

Nifty View for 25.03.2013

Nifty futures made a  new swing low at 5641.95 and closed the week at 5668.40. The current pivot was at 5815 and it was negative below this level. For any recovery in the three days left will face huge resistance at this level if it moves up to here. The monthly support for this series was at 5552 and intermediate support was at 5684. So for the remaining days if futures stays above 5684 then we could see recovery up to 5815. On charts we see price has made new low and closed below the earlier swing low. RSI is near support levels and MFI is showing positive divergence but price is supreme. So MFI needs to be watched carefully and RSI should stay above 34 for any recovery with resistance at 55. Intraday traders can look at the levels on spot nifty given below to trade on Monday.

Spot Nifty Levels for Trading on Monday :

No trade between 5633 and 5670(To avoid whipsaws)

Buy above 5670 sl of 5650

targets 5689-5708(add positions, breakout on the upside),

5727-5746-5765-5784-5803.

Sell below 5633  sl of 5653

targets 5614-5595(add positions,breakout on the downside)

5576-5557-5538-5519-5500.

Happy Trading !!!

Nifty View for 22.03.2013

Nifty Futures opened with a gap up breached yesterday close and recovered nicely for the noon. Then suddenly gave up the gains to make  new low for the series at 5655.05. The days close is at 5664.45. The resistances on the upside are at 5756 and 5815 and downside we may see 5551 if not able to sustain above 5684. Both the indicators are nearly at bottoms formed earlier and need to be watched for reversals. Intraday level for futures to start recovery is above 5697. Intraday traders can look at the levels on spot nifty given below to trade on Friday.

Spot Nifty Levels for Trading on Friday :

No trade between 5640 and 5670(To avoid whipsaws)

Buy above 5670 sl of 5650

targets 5689-5708(add positions, breakout on the upside),

5727-5746-5765-5784-5803.

Sell below 5640  sl of 5660

targets 5621-5602(add positions,breakout on the downside)

5583-5564-5543-5524-5505.

Happy Trading !!!

Nifty View for 21.03.2013

Nifty Futures today stayed in the negative territory for the whole day and made low of 5701 and closed the day at 5715.50. The trend was clearly down from yesterday as we had moved and closed below the level of 5815. The level of 5683 is very near and the last low of 5678 little above. If both these levels are held then we may see some recovery. Now resistance is at 5815 and above this level we may see meaningful recovery. Both the indicators are near supports as shown in charts. Intraday traders can look at the levels on spot nifty given below to trade on Thursday.

Spot Nifty Levels for Trading on Thursday :

No trade between 5676 and 5713(To avoid whipsaws)

Buy above 5713 sl of 5693

targets 5732-5751(add positions, breakout on the upside),

5770-5789-5808-5827-5846.

Sell below 5676  sl of 5696

targets 5657-5638(add positions,breakout on the downside)

5619-5600-5581-5562-5543.

Happy Trading !!!

Nifty View for 20.03.2013

Nifty futures opened with a gap up to touch a high of 5869.45 and then went in the negative to hit a bottom at 5736.55 and closed the day at 5753 to show some recovery from the lows. The break of monthly pivot was negative which was reiterated here. Hope followers would have made handsome profits for the day. The low of 5678.10 on 04.03.2013 is critical now and needs to held for any chances of recovery. The intermediate resistance level for this series at 5683.50 and support of level 1 is at 5552. The indicators had turned negative on Monday and continue the trend down. RSI has supports at 28 level and MFI has supports at 12 as seen in chart above. Intraday traders can look at the levels on spot nifty given below to trade on Wednesday.

Spot Nifty Levels for Trading on Wednesday :

No trade between 5727 and 5765(To avoid whipsaws)

Buy above 5765 sl of 5745

targets 5784-5803(add positions, breakout on the upside),

5822-5841-5860-5879-5898.

Sell below 5727  sl of 5747

targets 5708-5689(add positions,breakout on the downside)

5670-5651-5632-5613-5594.

Happy Trading !!!

Nifty View for 19.03.2013

Nifty futures opened with a gap down made a low of 5834.90 and moved sideways again to close the day at 5849.  Now for intraday positiveness we need a move above 5887 and negative trend will start below 5815. On price chart, we are within the range established earlier, so sideways. RSI and MFI both show short term weakness below their earlier highs. Momentum can be seen out of this price range and indicators making new high for upside. Use levels given earlier for trend trading. Intraday players can look at the levels on spot nifty given below to trade on Tuesday.

Spot Nifty Levels for Trading on Tuesday :

No trade between 5816 and 5854(To avoid whipsaws)

Buy above 5854 sl of 5834

targets 5873-5892(add positions, breakout on the upside),

5911-5930-5949-5968-5987.

Sell below 5816  sl of 5836

targets 5797-5778(add positions,breakout on the downside)

5759-5740-5721-5702-5683.

Happy Trading !!!

Nifty View for 18.03.2013

Nifty Futures is sideways between the levels of 5971 and 5837. We have already seen the range movement between this levels twice in recent past. So trend players need to watch these levels for break out. Important levels are marked on chart for observation. On indicators we see RSI hitting resistance and currently below 55 level. Momentum on RSI above 55 and subsequently above 68 for acceleration. MFI has broken the rising trend line which is negative and create doubts for further recovery on weekly close. For further momentum MFI should move above level of 60. Intraday traders can look at the levels on spot nifty given below to trade on Monday.

Spot Nifty Levels for Trading on Monday :

No trade between 5853 and 5892(To avoid whipsaws)

Buy above 5892 sl of 5872

targets 5911-5930(add positions, breakout on the upside),

5949-5968-5987-6006-6025.

Sell below 5853  sl of 5873

targets 5834-5815(add positions,breakout on the downside)

5796-5777-5758-5739-5720.

Happy Trading !!!

Nifty View for 15.03.2013

Nifty futures had a very volatile day with expanding range for volatility moving from a high of 17.16 to a low of 14.58 and closed at 14.66 which is lesser than yesterday,s close of 16.20.  This level of volatility was seen earlier on 26.02.2013(17.60, Nifty spot was 5761.35) and 19.11.2012(17.22, Nifty spot was 5571.40). The volatility is good for option player if played in the right sense. On charts futures dipped into the channel again for a brief time and moved up and closed above it 5940.05. The level of 5956 needs to be watched tomorrow for further momentum and staying below this level will be sideways again up to supports of 5815 our monthly pivot. Below an hourly chart is shown which marked the trading range very well.

Intraday traders can look at the levels on spot nifty given below to trade on Friday.

Spot Nifty Levels for Trading on Friday :

No trade between 5890 and 5928(To avoid whipsaws)

Buy above 5928 sl of 5908

targets 5947-5966(add positions, breakout on the upside),

5985-6004-6023-6042-6061.

Sell below 5890  sl of 5910

targets 5871-5852(add positions,breakout on the downside)

5833-5814-5795-5776-5557.

Happy Trading !!!

Nifty View for 14.03.2013

Nifty futures opened on a negative note with a gap down and could not close the gap. Futures low today was at 5858 and close was at the lower end of the day at 5860.20. The support of 5815 is very near which our monthly pivot. Below this level of 5815 one can be negative on the index with suitable stop loss. Recovery for intraday may be possible after sustaining above 5886 and intraday resistance at 5936. This month those who used the levels must have had good profits as this is the third time we may hit the R1 (5956) and Pivot (5815) levels. Discipline is the key after homework is over to survive in markets. Trend players can use the major levels given at the start of series. Intraday traders can look at the levels on spot nifty given below to trade on Thursday.

Spot Nifty Levels for Trading on Thursday :

No trade between 5832 and 5870(To avoid whipsaws)

Buy above 5870 sl of 5850

targets 5889-5908(add positions, breakout on the upside),

5927-5946-5965-5984-6003.

Sell below 5832  sl of 5852

targets 5813-5794(add positions,breakout on the downside)

5775-5758-5739-5720-5701.

Happy Trading !!!

Nifty View for 13.03.2013

Nifty futures could not make a new high above 5990 witnessed yesterday. So it was again pause for the momentum on second day. The close was again negative at 5930.55. On chart we are still above the break out of the channel. Both indicators are still continuing their trend. So use the major trend levels given earlier. Positive momentum will be above 5956 our monthly R1 level. Monthly pivot at 5815 below which trend is negative. Intraday traders can look at the levels on spot nifty to trade on Wednesday.

Spot Nifty Levels for Trading on Wednesday :

No trade between 5895 and 5933(To avoid whipsaws)

Buy above 5933 sl of 5913

targets 5952-5971(add positions, breakout on the upside),

5990-6009-6028-6047-6066.

Sell below 5895  sl of 5905

targets 5876-5857(add positions,breakout on the downside)

5838-5819-5800-5781-5762.

Happy Trading !!!

Nifty View for 12.03.2013

Nifty futures had a momentary pause at the start of the week after hitting high of 5990.10. The close at the end of the day was slightly negative at 5951.25.  The close is just below the monthly resistance level no 1 of  this series at 5956. The level to be watched intraday on downside is 5886 and upside is 6021 for momentum on either side. The observation of Friday are still valid for tomorrow, barring the pause of today. Intraday traders can look at the levels on spot nifty given below to trade on Tuesday.

Spot Nifty Levels for Trading on Monday :

No trade between 5923 and 5962(To avoid whipsaws)

Buy above 5962 sl of 5942

targets 5981-6000(add positions, breakout on the upside),

6019-6038-6057-6076-6095.

Sell below 5923  sl of 5943

targets 5904-5885(add positions,breakout on the downside)

5866-5847-5828-5809-5790.

Happy Trading !!!

Nifty View for 11.03.2013

Nifty futures closed a high for the week at 5965.85 marking it as good recovery week from the lows of 5678.10. In fact it closed above our monthly resistance of 5956 i.e. R1 for this March series given at the start of this series. The monthly pivot was at 5815 where we had marked it as positive above this level.  Hope some of you may benefited from it. Now the second monthly level i.e. R2 is at 6087 and intermediate resistance is at 6021 on the futures. Supports at at 5886 and 5815 for this series. Nifty futures are recovering from the losses of earlier series and have moved with momentum for past few days. On charts we see price moving out of the falling channel and needs to continue further. The high for March series is at 6192 made on 29/01/2013 and low is at 5678.10 made on 04/03/2013. The swing is of 514 pints on the downside and the 50% level of this swing is at 5935 from the level of 5678.10. So watch this level critically on end of day for this trend. On RSI if we observe in past the level of 68 has been a stiff level to cross for futures. But sustaining above this level has been momentum time for it. So keep watch on this level for any reversal if it comes. MFI is still strong and above the trend line and needs to be watched further for any clues of reversal. Intraday traders can use the levels on spot nifty to trade on Monday.

Spot Nifty Levels for Trading on Monday :

No trade between 5926 and 5967(To avoid whipsaws)

Buy above 5967 sl of 5946

targets 5986-6005(add positions, breakout on the upside),

6024-6043-6062-6081-6100.

Sell below 5926  sl of 5946

targets 5907-5888(add positions,breakout on the downside)

5869-5850-5831-5813-5794.

Happy Trading !!!

Nifty view for 08.03.2013

The recovery for nifty futures continued today and crossed the intermediate hurdle of 5886 and closed at 5901.80. The level of 5815 was not breached intraday so the monthly pivot was safe for the day. The next important hurdle at 5971 which is a big resistance for futures. This our monthly resistance level no 1 and we may see some profit booking around these level. The momentum on the indicators seems to be picking up but needs to be watched for further clues. Staying  above the falling channel will be the key . Use the levels given for trend play. Intraday traders can use the levels on spot nifty given below to trade on Friday.

Spot Nifty Levels for Trading on Friday :

No trade between 5844 and 5882(To avoid whipsaws)

Buy above 5882 sl of 5862

targets 5901-5920(add positions, breakout on the upside),

5939-5958-5977-5996-6005.

Sell below 5844  sl of 5864

targets 5825-5806(add positions,breakout on the downside)

5787-5768-5749-5730-5711.

Happy Trading !!!

NIfty View for 07.03.2013

Another gap with consolidation at the top end of the range was the norm for the day on nifty futures. It faced resistance at the 5850 level and closed the day at 5846.50. The close is above the monthly pivot which shows some promise for further recovery. On charts price action is still within the price channel and we need to breakout of it for further momentum. MFI is still continuing the rising trend above the trend line and needs to be watched for further clues. RSI is hitting the resistance levels of 55 from where it turned down. RSI should cross this resistance for further momentum. Above 5815 we have intermediate resistance at 5886 and then major one at 5956. Downside may start if 5815 is broken again and support at 5684 level. Intraday traders can use the levels given below on spot nifty to trade on Thursday.

Spot Nifty Levels for Trading on Thursday :

No trade between 5800 and 5838(To avoid whipsaws)

Buy above 5838 sl of 5818

targets 5857-5876(add positions, breakout on the upside),

5895-5915-5934-5953-5972.

Sell below 5800  sl of 5820

targets 5781-5762(add positions,breakout on the downside)

5743-5724-5705-5686-5667.

Happy Trading !!!