Tuesday, August 31, 2010
Thursday, August 26, 2010
Tuesday, August 24, 2010
Supports: Trend still up though momentum is slowing down a little.5495-5475/70 is still the strongest support area and s/l for positional longs.
Resistances: 5535 (closing basis)-5565-5580. Staying above 5520 for the day it can try for the higher targets as levels given. Much big movement is not expected.
Monday, August 23, 2010
Friday, August 20, 2010
Everyone should have booked their profits as 55325/35 has been discussed continuously on the every posts for last few days. Trend is up while 5535 is a crucial hurdle. Above pic will help you to clear the picture on the current situation. 5485-5440 is crucial support/buying zone for NF, while above 5535, 5560-5650-5700 is possible on the card. Profit booking around 5535 and waiting for a dip to get in at a lower level is the current strategy as of now. Further move and probability to unfold in coming few sessions.
Thursday, August 19, 2010
Nifty is poised to go reach 5525/35 zone. Intra buying zone is @ 5480/70. Below that some weakness can set in for 5444/40. No close below 5420 can not bring in any reversal. Though 5525/35 is a important resistance. Above that 5560 is another target. Further breakout will be an early indication for 5650-5700 (positional).
Wednesday, August 18, 2010
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| Range for the session:5420-5470/75. |
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| ABOVE 5444..5457-5485 BIG RESISTANCE ZONE. |
Resistances: As shown above above 5444, 5455/60-5485 big hurdle ahead for the bulls.
Monday, August 16, 2010
While giving the view for 11th August I stated "Below which nifty can go down to 5400-5385/65. Later levels will be for booking shorts." Nifty made a low of 5363 and I hope people with shorts in hand could book the profit comfortably. Sorry for my inability to post for next two days while I was completely all over the place with my crashed PC.
Supports: Nifty again has entered the higher trading range of 5440-5480, where moves are again expected to be quite sideways. Support @ 5440. Below which intra weakness can bring 5425/20-5405. 5380 is crucial from positional perspective.
Resistances: 5480 is intact. Above that 5495-5520/30 are possible.
Tuesday, August 10, 2010
Supports: 5480-5440 is range which does not require any explanation anymore. For the day 5440 and 5425 will be 2 crucial point. Below which nifty can go down to 5400-5385/65. Later levels will be for booking shorts. Break below 5340 is trend reversal.
Resistances: 5470/85 same place in action. above that 5505-5525/35 will be levels to play for.
Supports: Intra supports are at 5470/60. Above that bulls will have the upper hand. Below 5460, 5435-5410 can be targeted. A convincing break down below 5400 will bring in reversal.
Resistances: 5495 and 5525/35 is overhead resistances. Around 5520 it is advisable to book longs for the time being.
Saturday, August 7, 2010
Friday, August 6, 2010
Nifty closed marginally lower than 5460. Which is important for tomorrow and weekly closing basis. Intraday trading range will continue to be 5440-5520. Daily is in uptrend but closing below 5460 will be a sign of exhaustion but not weakness. Below 5400-5380 daily trend can reverse for lower side targets near 5300-5150.
Thursday, August 5, 2010
Nifty maintained itself above 5410 convincingly, and broke above quite convincingly. Now, going forward 5495-5520/30 is big resistance zone, where longs created @ 5420 or above 5460 can be booked. Downside intra supports are @ 5445/40-5420. Below 5405-5380 long should be avoided.
Tuesday, August 3, 2010
Trade the range 5460-5380, intra support lies @ 5410. Above 5460 (preferably close), 5520/30 is possible. Below 5380, 5310-5280 initial targets.
Sunday, August 1, 2010
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