Nifty View for 02.04.2012

Nifty has bounced back smartly with huge gains on Friday for a dream close after a weak expiry in March.Nifty had crossed the 5300 level and closed just shade below it at 5295.55.The daily chart show how nifty was held by the bollinger bands and now it is at the centre level of the bands.Crossing of this level of 20 DMA of will face resistance at 5342 on spot nifty.Nifty should cross this level of 5342 to build the momentum further.The Stochastics Indicator and Force Index are at borderline and need to move up higher to impart strength to this move.Intraday traders can look at the levels givens below on spot nifty to trade on Monday...

Spot Nifty levels for intra-day trade on 02.04.2012
No trade between 5280 and 5317(to avoid whipsaws)
Buy above 5317 with SL of 5297
for targets of 5335-5353(breakout  level on the upside,add positions) 5381-5398-5416-5434-5452-5470.
Sell below 5280 with SL of 5300
for targets of 5262-5246(breakdown level on downside, add positions)5228-5210-5192-5174-5156-5138.
Happy Trading !

Nifty Future Levels for 30.03.2012

As there is a vast difference between the spot nifty and April futures the spot nifty levels will not be useful to trade today.Hence Nifty future levels are given below to trade on 30.03.2012.

Nifty future levels for intra-day trade on 30.03.2012

No trade between 5214 and 5250(to avoid whipsaws)

Buy above 5250 with SL of 5230

for targets of 5268-5286(breakout  level on the upside,add positions) 5304-5323-5341-5359-5378-5396.

Sell below 5214 with SL of 5234

for targets of 5196-5178(breakdown level on downside, add positions)5160-5142-5124-5106-5088-5070.

Happy Trading !

Nifty View for 30.03.2012

Nifty today opened gap down 50 points and then closing the gap at the day end but again giving a negative close for the day.This is the lowest close of this fall at 5178.85 and with a lower low of 5135.95.The fibo fan from top shows the nifty being restricted at the 61.8% level.The level of 5192 on the spot will determine the trend.Above this level we may see some recovery.If not then we may head downward again.The potential up and down targets are shown in charts.Intraday Traders can look at the levels giving below on spot  nifty to trade on 30.03.2012

Spot Nifty levels for intra-day trade on 30.03.2012
No trade between 5161 and 5197(to avoid whipsaws)
Buy above 5197 with SL of 5177 
for targets of 5215-5233(breakout  level on the upside,add positions) 5251-5268-5286-5304-5322-5340.
Sell below 5161 with SL of 5181 
for targets of 5143-5125(breakdown level on downside, add positions)5107-5089-5072-5054-5036-5018.
Happy Trading !

Nifty View for 29.03.2012

Finally a new low on spot nifty after three days try to break it.It recovered at the end of day to close at 5194.75.Nifty opened with gap down but could not close the gap fully and turned again down.Nifty is at crossroads as per the fibo fans.It looks it will be make or break days for nifty soon.Tomorrow's expiry looks eventful with 5200 put and 5200call on the online.Break of 5170 level can lead us to 5070 levels.Let us see how it pans out for the expiry.Intraday traders can see levls given below on spot nifty to trade on 29.03.2012.

Spot Nifty levels for intra-day trade on 29.03.2012

No trade between 5177 and 5213(to avoid whipsaws)

Buy above 5213 with SL of 5193 

for targets of 5231-5248(breakout  level on the upside,add positions) 5266-5284-5302-5320-5338-5354.

Sell below 5177 with SL of 5197 

for targets of 5159-5141(breakdown level on downside, add positions)5123-5105-5087-5069-5051-5033.

Happy Trading !

NIFTY FIBO SPIRAL UPDATE 27.03.2012

Nifty View for 28.03.2012

Nifty has respected the fibo fan for today and has reversed the fall by making a higher low and positive close at 5184.65 and 5243.15 respectively.The was volatile with nifty swinging both ways.Its a trading day with good movements on both sides giving great opportunities.Daily Chart shows the criss-cross of fibo fans both from high and low.The fibo circle shows the resistance formed on it.Nifty should cross above the inner circle to become positive ahead.The levels shown on chart will act as support,pivot and resistance for spot nifty.Intraday traders can look at levels given below on spot nifty to trade on 28.03.2012.

Spot Nifty levels for intra-day trade on 28.03.2012

No trade between 5225 and 5261(to avoid whipsaws)

Buy above 5261 with SL of 5241 

for targets of 5279-5298(breakout  level on the upside,add positions) 5316-5334-5352-5370-5388-5406.

Sell below 5225 with SL of 5245 

for targets of 5207-5189(breakdown level on downside, add positions)5171-5153-5145-5128-5111-5093.

Happy Trading !

Nifty View for 27.03.2012

Nifty opened gap down today and continue one way with no recovery at all to close the day at 5184.25.Spot nifty missed the low of the series by 3 points at 5174.95.We are at a critical level of support as per the fibo fan as shown in charts.The 61.8% level of fibo fan if held tomorrow then we may see recovery on spot nifty to the 50% level of fibo fan in days to come.If we break this level then we may retrace to 78.60% level as shown by the fibo fan.The accumulation distribution indicator shows how distribution occurred at higher levels on the spot nifty.Spot nifty has respected the fibo fans in this correction till now so let us see if it respects it again or not.Intraday traders can look at the levels on spot nifty given below to trade on 27.03.2012.

Spot Nifty levels for intra-day trade on 27.03.2012
No trade between 5166 and 5202(to avoid whipsaws)
Buy above 5202 with SL of 5182 
for targets of 5220-5238(breakout  level on the upside,add positions) 5256-5274-5292-5310-5328-5346.
Sell below 5166 with SL of 5186 
for targets of 5148-5130(breakdown level on downside, add positions)5112-5094-5076-5058-5040-5022.
Happy Trading !

Dow Jones Fibo Spiral 23.03.3012

Nifty FiboSpiral23.03.2012

Nifty View for 26.03.2012

Nifty has recovered some of the losses on Friday to close the shop at 5278.It was an inside day with a bullish harami candle.Now it is imperious to cross the 5300 level on Monday to keep the momentum going for spot nifty.We are still at the lower end of the Bollinger Band which is at 5185.We need to cross the 20 DMA at 5328 for positive movement to continue.Failure to cross this level may again see another fall upto 5185.Money Flow Index shows the money is flowing out so one can be cautious on longs and keeping booking profits as and when they come.Intraday Traders can look at the levels on spot nifty for 26.03.2012 given below.

Spot Nifty levels for intra-day trade on 26.03.2012
No trade between 5260 and 5296(to avoid whipsaws)
Buy above 5296 with SL of 5276 
for targets of 5314-5332(breakout  level on the upside,add positions) 5350-5368-5385-5403-5421-5438.

Sell below 5260 with SL of 5280 
for targets of 5242-5224(breakdown level on downside, add positions)5206-5188-5170-5152-5134-5116.

Happy Trading !

Nifty View for 23.03.2012

"The Great Indian Equity Circus"..the show goes on one day up and one day down...the same story for trapped investors.Hopes raised for recovery and dashed again.But as per the saying "No Pain No Gain" is what markets are.A bearish engulfing candle and an outside day is the picture.Last hope is 5171.45 level where the bulls can make last ditch effort.Will it be taken in gap down or we hold the  forte only time will tell..Another Friday cliff-hanger and important weekly close.The chart above shows the daily picture.Intraday traders can look at the levels on spot nifty given below for trade on Friday 

Spot Nifty levels for intra-day trade on 23.03.2012
No trade between 5210 and 5246(to avoid whipsaws)
Buy above 5246 with SL of 5226 
for targets of 5264-5282(breakout  level on the upside,add positions) 5300-5318-5355-5373-5391-5408.

Sell below 5210 with SL of 5230 
for targets of 5182-5164(breakdown level on downside, add positions)5146-5128-5110-5092-5074-5056.

Happy Trading !

Nifty View for 22.03.2012

Nifty has bounced back smartly today.Its been consolidation time for past few days on nifty.Those who could buy at the level above 5337 on nifty future are in profits.Also those who could but as per spot levels given yesterday are also in profit.On the spot nifty close above 5400 will be strong.Please trail your profits with suitable stop loss.Nifty future chart shows nifty fan with supports and resistance ahead.Intraday traders can look at levels on spot nifty to trade on 22.03.2012.

Spot Nifty levels for intra-day trade on 22.03.2012
No trade between 5346 and 5383(to avoid whipsaws)
Buy above 5383 with SL of 5363 
for targets of 5401-5419(breakout  level on the upside,add positions) 5437-5455-5473-5491-5509-5527.

Sell below 5346 with SL of 5366 
for targets of 5328-5310(breakdown level on downside, add positions)5292-5274-5256-5238-5220-5202- 5184.

Happy Trading !

Nifty View for 21.03.2012

Nifty opened gap down but covered the gap soon and closed positively.Nifty took time for consolidation today by moving up and down.Still in a range of 5250-5350 to take positional views.Its been a day for day traders with a holiday for positional traders.Still a lower top and lower bottom does not make it positive yet.Above chart shows nifty futures with relative zones for trading.Intraday traders can look at levels on spot nifty given below for trade on 21.03.2012.

Spot Nifty levels for intra-day trade on 21.03.2012
No trade between 5257 and 5293(to avoid whipsaws)
Buy above 5293 with SL of 5273 
for targets of 5311-5329(breakout  level on the upside,add positions) 5347-5365-5383-5401-5419-5437.

Sell below 5257 with SL of 5277 
for targets of 5239-5221(breakdown level on downside, add positions)5203-5185-5167-5159-5141-5123- 5105.

Happy Trading !

Nifty View for 20.03.2012

Nifty today opened with a gap up but could not sustain it broke the 5300 level and closed at 5257.05.Above chart shows the GMMA averages cluster on nifty future.As per the cluster Nifty future has last support at 5243 level below which the downtrend may accelerate.We had taken support on this last average for earlier low which can be seen from chart.The RSI shows level of 44.82 which near the earlier bottom level of 42.88.The breach of this level on RSI will also indicate prices are headed down.For nifty future to be positive it needs to cross the 5348 level and also cross the 60 level on RSI soon.Between 5250 and 5350 can be consolidation for nifty future.Intraday traders can look at the levels on spot nifty given below to trade on 20.03.2012.

Spot Nifty levels for intra-day trade on 20.03.2012
No trade between 5239 and 5275(to avoid whipsaws)
Buy above 5275 with SL of 5255 
for targets of 5303-5320(breakout  level on the upside,add positions) 5348-5365-5383-5401-5419-5437.

Sell below 5239 with SL of 5259 
for targets of 5221-5203(breakdown level on downside, add positions)5186-5169-5152-5135-5118- 5101.

Happy Trading !

Nifty view for 19.03.2012..

Nifty was volatile on the budget day with usual down day for budget and closed the day at 5317.90.Its a weak weekly close with weekly supports coming at 5260.Below this level of 5260 we may retrace upto 5180 level.Nifty needs a fresh look on opening next week.This close is lowest for last 4 weeks for spot nifty.Now does the market come up gain for 31st closing to prop up NAV is to be seen.Positive outlook on nifty can be above 5400 level for targets of 5500 level again.The more it spends time below 5400 level the more it will be difficult for a comeback for spot nifty.So it should cover lost ground soon if it is to bounce back.Intraday traders can look at levels given below for trade on spot nifty for 19.03.2012.

Spot Nifty levels for intra-day trade on 19.03.2012
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)5246-5228-5210-5192-5174- 5156.

Happy Trading ! 

NIKKIE225 Index (MIB Futures) Astro Update

ITA 40 Index (FTSE MIB ) Astro Update

CAC 40 INDEX Astro Update

Dow Jones Astro Update

Moon Phases and Moon and Neptune ---conjunction and opposition on Dow Jones Daily.....

Nifty Astro Update I

Moon phases and Moon and Neptune conjunction and opposition on Nifty Daily...

Nifty Astro Update

Moon Phases and Moon and Mars conjunct and opposition on nifty daily....

Nifty View for 16.03.2012..

Nifty has reversed today and the gap up trend has been stopped for today.It was one way down from start today with the spot nifty breaking the 5400 level and closing at 5380.50.A fall of 82 points is a significant one and will make traders very cautious about their positions.This week can be very crucial for further trend and close will decide the future trend.A weekly close above 5400 will be bullish and close below 5300 will be bearish.In between close will have traders squaring their positions for the week.Nifty is still in a falling channel and made a lower top which will be on the minds of bulls.On the daily charts till nifty is above the middle trendline of the falling channel it may chance of recovery.Break of that trendline could accelerate the fall.Intraday traders can look at the levels on spot nifty given below to trade on 16.03.2012

Spot Nifty levels for intra-day trade on 16.03.2012
No trade between 5362 and 5399(to avoid whipsaws)
Buy above 5399 with SL of 5379 
for targets of 5417-5435(breakout  level on the upside,add positions) 5453-5471-5489-5507-5525-5543.

Sell below 5362 with SL of 5382 
for targets of 5344-5326(breakdown level on downside, add positions)5308-5290-5262-5244-5226- 5208- 5190.

Happy Trading ! 

Nifty View For 15.03.2012

Nifty again today opened with a gap at 5490.55 but could not sustain the higher levels at 5499.40 and moved down to make a low of 5438 and closed the day at 5463.90.Nifty has retraced the 61.8% level at 5456 and closed above it.Next target can be at 78.6% of  5534.Above the level of 5534 we can target the high of  5629.95. The fibonacci fan from high shows resistance at the 61.8% level on weekly charts.Sustaining above this level can targets the 78.6% level at 5860.The weekly momentum is positive after a fall of 3 weeks in a row.Nifty has covered most of the lost ground in single week which signifies the momentum.The weekly ADX shows + DI moving up and -ve DI turning down.Now the momentum indicator has to turn up for further rise on nifty.Intraday traders can look at the levels below to trade on 15.03.3012 given below on spot nifty.

Spot Nifty levels for intra-day trade on 15.03.2012
No trade between 5445 and 5482(to avoid whipsaws)
Buy above 5482 with SL of 5462 
for targets of 5500-5518(breakout  level on the upside,add positions) 5537-5555-5573-5581-5599-5617.

Sell below 5445 with SL of 5465 
for targets of 5427-5409(breakdown level on downside, add positions)5391-5373-5355-5338- 5320- 5302.

Happy Trading !

NIfty View for 14.03.2012

Nifty opened today again with a gap and carried on from there to close at 5429.50.Now it has moved above the  20 day moving average which good for the short term swing.The bollinger bands show the lower band at 5187 and upper band at 5615.Nifty can target the upper band if it maintains above the middle band at 5402.The ADX and RSI are both flat now but one needs to watch it further.Above 40 RSI can target 60 level .Intraday traders can look at the levels given below on spot nifty to trade on 14.03.2012.

Spot Nifty levels for intra-day trade on 14.03.2012
No trade between 5411 and 5448(to avoid whipsaws)
Buy above 5448 with SL of 5428 
for targets of 5466-5484(breakout  level on the upside,add positions) 5502-5520-5538-5556-5574-5592.

Sell below 5411 with SL of 5431 
for targets of 5393-5375(breakdown level on downside, add positions)5357-5339-5321-5303- 5285- 5268.

Happy Trading ! 

Nifty View for 13.03.2012

Nifty opened with a huge gap but could not sustain it and closed at 5359.55 after closing the gap.Today's low was at 5327.30 an higher low so the trend is up with higher high and higher bottom formation on spot nifty.The downward channel resistance comes at 5460.The break of which on the upside will add momentum to nifty.ADX show a crossover of positive DI over negative DI but the momentum indicator is still heading down.The momentum can pick up if the RSI rises above 40 level where it is currently resisted.Intraday traders can look at the level given below on spot nifty to trade on 13.03.2012.

Spot Nifty levels for intra-day trade on 13.03.2012
No trade between 5341 and 5378(to avoid whipsaws)
Buy above 5378 with SL of 5358 
for targets of 5396-5414(breakout  level on the upside,add positions) 5433-5451-5470-5488-5507-5525.

Sell below 5341 with SL of 5361 
for targets of 5323-5305(breakdown level on downside, add positions)5285-5268-5251-5223- 5205- 5188.

Happy Trading !

Nifty Update 12.03.2012 at 10.45 AM

Happy Trading !!!!

Nifty Cycle Update 10.03.2012

Nifty Cycle Update .See how the lines work on nifty.Nifty touched the yellow line and again bounced back for the red line.Above red line one can be long and below it once again short.Break of yellow line again add more.Enjoy!
Happy Trading !

Nifty View for 12.03.2012

Nifty has recovered most of the lost ground today by opening with a gap up and defended the gap for the day.The close above 5300 is positive for the spot nifty after breaching the 5200 level on intraday basis on wednesday.This gap will act as a support for time being if not closed soon.On weekly charts it should close above 5355 level to be positive.On monthly charts it should close above the 5460 level to be positive.On daily charts it has reached the upper end of the falling channel.The break of this channel on the upside will be positive for short term.Nifty will be sideways in between this channel.Breakdown of this channel will mark fresh downtrend for nifty.Next week is crucial for future trend with budget round the corner.Do we witness a budget rally is to seen ahead...Intraday traders can look at levels given below on spot nifty to trade on Monday.

Spot Nifty levels for intra-day trade on 12.03.2012
No trade between 5315 and 5352(to avoid whipsaws)
Buy above 5352 with SL of 5332 
for targets of 5370-5384(breakout  level on the upside,add positions) 5402-5420-5438-5456-5474-5492.

Sell below 5315 with SL of 5335 
for targets of 5297-5279(breakdown level on downside, add positions)5261-5243-5225-5207- 5189- 5171.

Happy Trading ! 

Dow Jones Update 09032012

Dow Jones has supports at 12635 below which trend can accelerate to downside.
Happy Trading !

Nifty Future Update 09.03.2012

Nifty has retraced 1/3 rd level and found support there.Till Nifty is above the 0-1/3 rd level line it is positive.
Happy Trading !

Nifty View for 09.03.2012

Nifty ended the day with a small negative close at 5220.45 after the fall of few days.The nifty has retraced 38.2 % of the rise and closed just above it.Below the 50% level come around 5070.The break of 5175 will confirm more downside on nifty.The 5400 level was critical for spot nifty as we went 220 points up and now we are 220 points down at 5220.The 200 EMA level is at 5185.The RSI has moved down the 40 level.Also the accumulation-distribution indicator shows the distribution occurring at higher levels.On the upside resistance could be upto 5400.Above which one can think of longs.Intraday traders can look at the levels on spot nifty given below to trade on 09.03.2012.

Spot Nifty levels for intra-day trade on 09.03.2012
No trade between 5202 and 5238(to avoid whipsaws)
Buy above 5238 with SL of 5218 
for targets of 5256-5274(breakout  level on the upside,add positions) 5292-5310-5328-5346-5364-5382.

Sell below 5202 with SL of 5222 
for targets of 5184-5166(breakdown level on downside, add positions)5148-5130-5112-5094- 5076- 5058.

Happy Trading !

Dow Jones Symmetry 07.03.2012

Nifty view for 07.03.2012

Trading on event days can be hazardous is the lesson we learnt today the hard way.The intraday volatility was at its maximum with nifty swinging both the upper end and lower ends in a day.What one can observe in this up swing was there were not more than 2 days fall in the up move. Now the reverse is happening and there is not more than 2 days up move in this fall.Money Flow Index shows the early signal with money flowing out from the markets very early. The channel of price action will guide us further about the trend. Intraday traders can look at the levels given below to trade on 07.03.2012.

Spot Nifty levels for intra-day trade on 07.03.2012
No trade between 5204 and 5240(to avoid whipsaws)
Buy above 5240 with SL of 5220 
for targets of 5258-5274(breakout  level on the upside,add positions) 5292-5310-5328-5346-5364-5382.

Sell below 5204 with SL of 5224 
for targets of 5186-5168(breakdown level on downside, add positions)5150-5132-5116-5098- 5080- 5062.

Happy Trading !

Nifty Cycles Update 06.03.2012

Nearly touched the yellow line when we went below the red line.Now what next.... this is what we learn in our courses.Be prepared.Analyse and then trade to make life comfortable...

Happy Trading !

Nifty View for 06.03.2012

Nifty made a lower low of this swing at 5265.70 and closed at 5280.35.Below this low next fibonacci target can be at 5184.On the fibonacci fan we are at the support level of 50%.So nifty is precariously poised at double bottom and fibo fan support level.So below today's low we may move further downside and the move can accelerate further.Watch RSI(not shown in charts) nearing the 40 level where it needs to be watched where it is supported or not.Intraday traders can look at levels given below on spot nifty for trade on 06.03.2012.

Spot Nifty levels for intra-day trade on 06.03.2012
No trade between 5262 and 5298(to avoid whipsaws)
Buy above 5298 with SL of 5278 
for targets of 5317-5335(breakout  level on the upside,add positions) 5453-5371-5390-5408-5427-5345.

Sell below 5262 with SL of 5282 
for targets of 5244-5226(breakdown level on downside, add positions)5208-5190-5172-5154- 5136- 5118.

Happy Trading !

Dow Jones Cycles 03032012

Dow Jones bull run can be seen from the Daily chart.The top red line could be the target for it.Below it the second red will act as first support.Yellow line is the next support below the red.


Happy Trading !

Nifty Cycles 03032012

Nifty is positive till it is above the red line.Below it yellow line can be the target.As resistance turn to support.


Happy Trading !

Fibonacci Channels on Nifty

Fibo Channels on Nifty future upto 02.03.2012.

Happy Trading !

Nifty View for 05.03.2012

Nifty had a very dull trading day with no volumes at all.The close is also the same for nifty.The Bollinger bands show a range of 5589 to 5252 with 20 EMA at 5362.The trend is down as we are below the 20 EMA.Below 20 EMA the next target could be 50 EMA at 5212.Nifty is still lagging at the lower end of the range.ADX indicator is also not showing any momentum for any significant move yet.Now the weeks opening will be critical for nifty next week.Intraday traders can look at the levels given below for trade on 05.03.2012.

Spot Nifty levels for intra-day trade on 05.03.2012
No trade between 5341 and 5378(to avoid whipsaws)
Buy above 5378 with SL of 5358 
for targets of 5397-5415(breakout  level on the upside,add positions) 5433-5452-5470-5489-5507-5526.

Sell below 5341 with SL of 5361 
for targets of 5323-5305(breakdown level on downside, add positions)5286-5269-5251-5233- 5214- 5196.

Happy Trading !

Dow Jones Index 02.03.2012

Nifty View for 03.03.2012

Tomorrow we are having a special trading session between 11.15 to 12.45.This truncated sessions have been less volume days with no major participation from regular players.Still its a trading day so keeping low commitments will be ideal for compulsory traders.Today nifty was again trading the range of 5300-5400.Nifty needs a close above 5425 to gather momentum.Things have been quite for nifty in few days so one be cautious about the breakout on either side and should be quick to align with it.One needs to observe whether nifty makes a lower top or moves further ahead in this swing.The low of 5268 is still intact so trend is sideways.On chart some fibo circles are drawn at critical points to measure the movement on nifty as per symmetry formed by price action.One has to wait patiently to take positions till breakout happens.Intraday traders can look at levels given below on spot nifty for 03.03.2012.

Spot Nifty levels for intra-day trade on 03.03.2012
No trade between 5340 and 5377(to avoid whipsaws)
Buy above 5377 with SL of 5357 
for targets of 5396-5414(breakout  level on the upside,add positions) 5432-5451-5469-5488-5506-5525.

Sell below 5340 with SL of 5360 
for targets of 5322-5304(breakdown level on downside, add positions)5285-5268-5250-5232- 5213- 5195.

Happy Trading !

Nifty View for 02.03.2012

Nifty broke the low of yesterday and closed below yesterday's close at 5339.75.So the low of 5268.15 will be critical for the swing on nifty.If we break and continue below it will accelerate the downtrend.Nifty needs to close above 5460 to continue this swing and gather momentum.The ADX indicator shows us the momentum is down and the positive and negative DI at cross-roads.Nifty looks negative below 5373 and break of 5300 can retrace to 5213 next fibonacci level.Intraday traders can look at the levels on spot nifty to trade on 02.03.2012.

Spot Nifty levels for intra-day trade on 02.03.2012
No trade between 5321 and 5358(to avoid whipsaws)
Buy above 5358 with SL of 5338 
for targets of 5376-5395(breakout  level on the upside,add positions) 5413-5431-5450-5468-5487-5505.

Sell below 5321 with SL of 5341 
for targets of 5303-5285(breakdown level on downside, add positions)-5267-5249-5231- 5212- 5194-5177.

Happy Trading !