NIFTY INTRADAY VIEW FOR 06-24-2010

Daily and larger time frame is clearly up as nifty is witnessing a mild profit booking on the higher side as the corrections. 5290 is crucial initially. Below that 5275/65 will provide stronger support. On the upside 5260 remains a hurdle. Above which 395-5405 will be immediate targets. Positional targets remain same @ 5450/60-5500 zone. Trade the range and buy the dip.

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NIFTY INTRADAY VIEW FOR 06-22-2010

 

Buy the dip.. that can be said with this sort of price move. Intra support lies @ 5340 zone. Below that 5320-15 is possible. Gap zone and channel support zone 5270-80 is a potential buying zone. Resistance lies @ 5390-5405, above that 5450 and 5495/5505 is another possibility. 

Buy the dip. Deeper the correction will be in intra, profit potential of your long will increase more.

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NIFTY INTRADAY VOEW FOR 06-17-2010

 

Nifty looking little overstretched in intraday while daily is strongly heading up. 5250 is breakout and the stop loss for intra short. Above that It can move upto 5275-5290 to face another resistance. On the downside 5210-5188/85. Downside stretching below that can bring 5150-5130 without hampering the daily/positional bullish sentiments.

Got very busy with some work related to my service. Will be back full fledged by coming Monday.

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NIFTY INTRADAY VIEW FOR 06-14-2010

Going ahead above 5140, resistances will be @ 5165-5215/20, and some profit booking is expected there. For tomorrow, Nifty below 4995/90 can get little weak for intraday and target 5070/60and bounce again, falling below that correction can extend up-to 5020-4990. Dip should be bought.

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NIFTY INTRADAY VIEW FOR 06-11-2010

Chart posted for 27th May. link here

Chart posted for 1st June.. link here

Present scenario...

Clearly the resistance lies @ 5160/65 zone, before that 5140 may provide some intra-day resistance. I would like to book partial profit of my longs around 5140-5160 zone. A cross above 5165 can easily set nifty target towards 5220-5250/60. Holding positional longs can be wise as long it's closing above 5075-5050 zone.

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NIFTY INTRADAY VIEW FOR 06-09-2010

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NIFTY INTRADAY VIEW FOR 06-08-2010

Supports: Very short term is down again. Immediate support @ 5000, below that 4970-4950 can be targeted and protected by bulls and make nifty range bound for next couple of sessions.

Resistances: 5040 is initial, Above that 5070 is possible and will meet with some serious sellers. A convincing break above 5070 can 5110-5165 again.

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NIFTY INTRDAY VOEW FOR 06-04-2010

Supports: 5070 and 5040 would be two buying zone for intraday. A close below 5070 for spot nifty can bring immediate halt to the shortest term uptrend. Below that 4990 will decide the reversal.

Resistances: 5115 is resistance. Above that 5145 and well discussed 5165/70 can come very easily. Above 5200+ would be a larger break out.

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NIFTY INTRADAY VIEW FOR 06-03-2010

All those levels got with help of of the Fibo projection on 286 like 5022-4970-4930 is proving to be quite useful in the range bound market. And looks like to be remain same.

Supports: 4975/70 is pivotal. Below that it will be weak for intra for target 4930-4910 again.

Resistance: 5025 is initial, Sustaining above that it can again target 5060-5075/85.  Spot nifty closing above 5080 can be very bullish signal again.

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NIFTY INTRA CALL PERFORMANCE: MAY 2010

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NIFTY INTRADAY VIEW FOR 06-01-2010

Supports: Corrective up is on and today it has touched the previous level of projection crossed @ 5022 by recording a low @ 5016 (if you remember 4786+236=5022). For coming session main support area would be 5015-4990 zone form where it can again ounce for the higher targets.

Resistances: 5085-90 is poised to show. It will be a stiff hurdle. Any breakout above that will set nifty for the higher targets @ 5165-5200.

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