NIFTY INTRADAY VIEW FOR 07-29-2010

Nifty supports @ 5375-5355. Shorts created at higher levels can be booked before any further weakness emerges in for positional shorts. Till then Nifty can stay range bound on expiry day.

Resistances @ 5420-5445. Above that it can target 5465-80. Better to book quick points in intra longs as long it closes above 5465 or crosses 5480 for further target of 5525/35.

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NIFTY INTRADAY VIEW FOR 07-28-2010

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NIFTY INTRADAY VIEW FOR 07-27-2010

Nifty looked a bit tired, though immediate uptrend is tact above 5415-5375. Intraday resistance lies @ 5445/50. Breaking below 5415 can drag Nifty down towards 5395-5375. Below 5375 immediate uptrend can get reversed. 5520/30 remains as most imprtant place to watch out for long term.
For Nifty Performance Report click HERE. 

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NIFTY PERFORMANCE REPORT: JUNE 2010 UPDATED

The month of June was quite fruitful for we traders as we managed to steal few good points. Expect to enrich myself with knowledge in coming days and become more profitable to all my friends and followers. This particular service needs time and not necessarily will yield same, starting from any point of time in a month. A rational, disciplined and a continuous process will certainly assure the destiny.
Made 494 points EXCLUDING the call generated on 28th of June. Thank you for all your support and really waiting for more response.Have a great weekend!!

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NIFTY INTRADAY 07-23-2010

5460 is crossed and how convincingly? Now the wave count is showing some interesting folds. Where it can the either 3rd/5th of entire 5 wave impulse move or 5th of the extended 3rd.

In first case above 5460, 5530 is important and long built in last session can be booked partly there. Though above 5530/35 it can extend much higher. Daily resistances are at 5490/95-5530... above 5460.

Biggest support and buying zone will emerge near 5435 and 5410/15 now. Below these 5380 is again possible.

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BANK NIFTY VIEW FOR 07-22-2010

Will try to update BN from now on.. if not regularly but often.

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NIFTY INTRADAY VIEW FOR 07-22-2010

5380-5330 remain as supports, while nifty trading on the higher side of the range with 5415/20 as the resistance. Above 5420 zone 5460 will be targeted.

TRADE THE RANGE TILL THEN.

Will be posting the Nifty performance report by Friday.

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NIFTY INTRADAY VIEW FOR 07-21-2010

Nifty correction continued and gathered some pace after breaking 5370, but the long term uptrend is intact leaving some more room to the downfall. Support lies @ 5330 (very important)-5300-5260/70. For tomorrow closing below 5330, can drag nifty towards the above said lower levels. But part profit booking is advised near 5330-5300 for shorts. Below 5260 it can move really deeper to 5220-5130 before stabilizing.

Resistance lies @ 5360-75, above which 5415-25 is possible. A cross above 5435 can nullify the bearishness and result into resumption of the uptrend.

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NIFTY INTRADAY VIEW FOR 07-20-2010

We can not get more narrower than this, nifty is simply stuck in a range waiting for a push, but uncertainly persists as there evolving a scenario favoring equally bull and bear, 5453 proved to be a 5th completed zone and 5453-5363 is a 5 wave down move on the shorter time frame. So upside breakout to negate the 5 wave down move will occur above 5435 zone. 
Intraday support lies at 5370/65, below which it can certainly reach 5330-5310 zone deciding further move. 5260/70 is key to trend reversal.

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STOCK FUTURE PERFORMANCE REPORT : JUNE 2010

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NIFTY INTRADAY VIEW FOR 07-15-2010

5460 worked very well, this  is expected that people did get benefit to book longs from the yesterday given views. Now..... 

Main support now @ 5330/35, intra day bullishness will get more momentum once it closes above 5410. Once 5460 is taken out decisively, another example of bull force can be witnessed. above that 5490-55525 and many other levels. Nifty may enter a larger range before opting for the decisive move again.

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NIFTY INTRADAY VIEW FOR 07-14-2010

Re-posting a chart posted on 9th....

Clear and strong uptrend are the only words describe the current scenario. For coming sessions it will be all bull as long it trades above 5380 with the target 5450/60 discussed number of times in earlier posts. Further extension of price can bring 5500-5520 above 5460 zone. 5330/20 support is decisive now (positional long s/l) for the current upmove.

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INTRADAY NIFTY VIEW FOR 07-09-2010

5345 on fut remains the main hurdle, with support lies around 5285-5275, probable buying zone. Post breakout level after 5345 zone will be 5390/95-5450.

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NIFTY INTRADAY VIEW 08-07-2010

The discussed level of 5315-5345 indeed proved to be a tough resistance while nifty took a U turn from there making a high of 5314 after reversing significantly from the said support of 5210. Intraday trading has really become tough thing to execute in such a narrowly range bound market.

On the upside 5265-5290 is the pace to watch for. 5315-5345 can be seen as the breakout zone for the positional players.

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NIFTY INTRADAY VIEW FOR 07-06-2010

Few extremely sideways trading sessions are on course with broader range in hand. As of now 5210-5285 is being played out, and beyond these levels, it can again get range bound between (5165-5140)-(5315-5345). Trend up but experiencing correction which is sideways in nature. In deed a tough time for days traders. Use proper levels to enter in stead of jumping in the mid way. 

And will be regular from now on. Sorry for the inconvenience.

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