February 2011 ~ NIFTY DEMYSTIFIED

Monday, February 28, 2011

NIFTY INTRADAY VIEW FOR 03-01-2011

Posted by Unknown Posted on 9:18 PM 1 comment

NIFTY INTRADAY VIEW FOR 02-22-2011

Posted by Unknown Posted on 4:49 AM No comments

Intra support given @ 5430-5400 on last post were holding for last couple of days before moving up finally. On th daily chart a inverted H&S in making which can get materialize above 5620-25 (closing basis level 5560). Intra supports now @ 5470-5435.

NIFTY INTRADAY VIEW FOR 02-16-2011

Posted by Unknown Posted on 5:24 AM 2 comments

Support discussed @ 5405. It bounced off from 5400 zone.

5380-5400 still holds the key to this upmove.

5530-60 is the most important zone. Moving past these levels will question the larger downtrend. Larger time frame chart still down. Intra day/shorter chart in up trend.

NIFTY INTRADAY VIEW FOR 02-15-2011

Posted by Unknown Posted on 4:39 AM 1 comment

As predicted NF bounced off the verge of 5200. And rallied in a typical corrective mood upto 5450 zone in no time.

NIFTY INTRADAY VIEW FOR 02-08-2011

Posted by Unknown Posted on 4:34 AM 1 comment

Posted on 3rd Feb

Given level of 5370 is still holding, though no sign of reversal can been. But the strategy of buying near 5370 with 30 sl (see above pic)has given some profit and still in a comfortable zone. A break below 5370 and sustaining there for a while can negate the chances of the corrective upward and selling spree will continue. 5445-5465 is very tough resistance for intra-day. Short-Mid term scenario remains unchanged as no significant up-move took place.
5370 support/ break down level. 5255-5215 next targets.
5450-65 important resistance zone in intra-day.