VIEWS FOR 01-06-2009

Nifty exactly hit 161.8% of the amplitude of first top at 4488 (high 4495), which is a first 5th wave projection for the nifty, but as per Elliot Wave Theory, one wave have to be extended and its usually the 3rd wave so crossing this high (1.618 of 1st wave amplitude) will target .618 of 1-3 wave amplitude where 1.618 top will be considered as 3rd wave top in that case. And the .618 of 1-3 amplitude will be at 4737. Before that 4586-4647 will be...

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VIEWS FOR 29-05-2009

Supports: 4272 below that 4244-4212 is possible.Resistances:Above today's high 4310-4336-4356/62, above this 4391-4419 is possible. Those were the levels for yesterday. And recorded for the day,High: 4258.8Low: 4270Made 4355 at first and came down to 4311 and blasted to 4358.8.That too after Dow closed near 200 points down. Picture perfect. This much I can say about the Nifty movement.Friends today I am going to post a interesting chart. Take a...

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EXPLANATION OF 4272

Hi friends! This the chart of today's movement of Nifty Future to demonstrate that how i did obtain today's support 4272, requested by one of my special friend Shisir. Hope everyone will like this. And Shisir will also.Thank you.var addthis_pub="satyamsi...

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VIEWS FOR 28-05-2009

Another day of extreme volatility ended with a excellent demonstrations of technical credibility. The low made at opening of the day was bang on our main resistance 4184 (by making low 4181) thus asserted the bullishness for the day. It went up broke 4205 and hit exactly at 4236, our 3rd resistance for the day. Retraced and hold the low and shoot off, and yes it has closed bullish for the day. For the coming session above today's high it will try...

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VIEWS FOR 27-05-2009

What a day guys... what a day! It was a perfect set up for short. We made a high of 4251 (Resistance given @ 4258) and came down to our support 4205 (low made 4208 in the morning). Gave a mild bounce but failed to cross the high and broke down completely. If we do a Elliot corrective projection, the main supports for the market usually are,BC=.618*ABBC=ABBC=1.618*AB respectively.If we do the same with nifty levels, AB=4620-4186=434 points & BC...

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VIEWS FOR 26-05-2009

Nifty bounced twice exactly from our support of 4212 by making low 4210 and 4205 respectively. It crossed 4266 just once for 9 points but could not sustain. For the coming session 4258/76 is very important for any further upside momentum, and below 4205/4200 is very important. The coming session may turns out to be a breakout day, so unbiased approached is required for tomorrow's trade. crossing 4272 may well bring 4303/4315 level, and crossing 4315...

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VIEWS FOR 25-05-2009

So nifty gave a intra day bounce from a very crucial point around 4180 from the short term perspective. Nifty remains weak though as long it's trading below 4303. Sustaining below that level can bring nifty again down to more lower levels. But as we bounced off from a very important place I personally believe, coming session is going to be a narrow and volatile one as very short term is extremely overbought and larger term is nicely poised and becoming...

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NIFTY APPROACHING GAP. VIEWS FOR 22-05-2009

On the first half of the last session nifty took support from the given level of 4231 by making low of 4243. We witnessed upward momentum which brought the exact resistance level of 4325 by making high of 4328. Indeed market experienced a handsome selling pressure which helped nifty to get back and break morning levels. We broke 4325 convincingly and closed below that. And we have closed weak. For the coming session 4205 is crucial, below which...

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VIEWS FOR 21-05-2009

We made a low right there at our support (given 4280; low 4275 at the opening bell) and bounced exactly 100 points in the beginning of the day. Went up 12 points from our resistance to 4372 and fell again, though it could not cross 4410 ever. Now for today 4360 and 4231/4220 is very crucial indeed. I personally feel 4230 is going to be a buying zone. Still 4180 remains as a strongest support. On the upside nifty will face selling pressure around...

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VIEWS FOR 20-05-2009

Hello all! Again a gap up and a huge volatile day we witnessed. This above chart was pre-posted at the very beginning of the week and see what it has done,. It crossed the very important BC=1.618*AB yesterday and took the support exactly there, the place is 4185. So friends as long we are above that 4185 level, technically we can not think about any weakness on the price movement in near term. I know, looking at the rally on the last couple of days...

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FLIP-FLOP AND HALTED.VIEWS FOR 19/05/2009

Hello friends, nothing much to say as it was like nothing much to do. I am still dumbstruck and blog struck as well. Hope the strategy we discussed about CALL-PUT together on the 15th of April has worked well in this extreme situation if at all anybody had considered it. If missed, please don't be depressed because these sort of frustration can lead towards bigger massacre. I personally feel market should at least target 4734 and 4963 (conservative...

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WEEKLY VIEWS FOR 18-05-2009 TO 22-05-2009

Hi friends! What a week!! The whole India reaches out for stability the UPA govt once again got a big thumbs up and in a even bigger way. West Bengal (from where I belong to) came out to vote for the change and made it happened in a convincing way. There are new air all around, now lets make it more fresh, more free. Now talking about the market it's sure that market will cheer the astounding victory of UPA in the central. But I am unsure as the...

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VIEWS FOR 15-05-2009

What a volatile day we faced once again, we broke down 3585 but bounce back again. But on the upside we could not cross 3646. Friends I am suffering from a viral flu, so i am just giving the levels for coming session. I'll post full fledged analysis by next week for sure. On the upside above 3620 it can move up to 3643 and 3689 respectively. Big support lies around 3569 odd level. below that 3531 and 3505 is possible below which one may consider...

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VIEWS FOR 14-05-2009

Guys continued selling pressure is around that 3740 zone and it could not cross that. I repeatedly tried to warn to get light on the crucial resistances. Now for the coming session 3625 holds the key, below which 3600-3585 can come very easily. Below 3575 a big crack can be seen and it will become a clear cut short for coming 1-2 sessions for target 3528 and lower levels. So all in all 3600-3585 is going to be a very important for tomorrow. And on...

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NET PROBLEM RESOLVED. VIEWS FOR 13-05-2009

Guys I am back as my Internet problem is resolved late night. Will not take much time to Give the levels. Nifty took the support quite smoothly yesterday, and confirmed it again with low 3537 and open-low same (there is a intra day theory in the market on open-high/open-low same, and some analysts teach that technique almost in every scenario in the market, but studying chart carefully can prove that it works only at important support and resistance...

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MASSIVE NET PROBLEM IN CALCUTTA.

Friends good evening to you all. I am very sorry to inform that a massive Internet break down took place in our area. And our telephone headquarter is also closed tomorrow due to the vote. So quite unsure whether I will able to post it for tomorrow or not. Anyway I hope you have all enjoyed and got some help at least from the view for yesterday. Again the 3533 level came to rescue and low made for the day was 3537. Can't post the chart as I am on...

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VIEWS FOR 12-05-2009

Hello again to all my friends! What a day, full of action, nifty could not move beyond 3649/74 zone and fell hard. Yesterday stated "above 3649-3660 there will be again some interest to retest/break the highs". But nifty failed to do so after making 3657.50 and it fell to right above the head of 3533. Done for the day and now the point is what's next in such a important and political juncture. 3533/25 indeed the most crucial support zone for shorter...

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LONG TERM FACES SHORTER ONE ONCE AGAIN.VIEWS FOR 11-05-2009

Hi friends, welcome back after the weekend and guess what we are once again at a very interesting state in the market. Last week Nifty Future fell off from 3728, our projection was 3745. Today I am going to re-post a chart which i did post as my very first submission here highlighting the current scenario. We took a look at some weekly Ma's (moving averages), and that gave a quite perfect picture about the market at that point of time. The main barriers...

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VIEWS FOR 08-05-2009

Hi friends, it's 3:30 in the night and I am updating my blog for tomorrow because of my server problem from evening. For the session coming the main supports are placed at 3741 and below that 3616. Below 3616 there will further weakness which can lead nifty down to 3570 and 3508. From a trader perspective 3508 really hold the key to maintain the momentum upward. On the upside resistances at 3693 and above that 3717 and 3735 is very much possible....

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VIEWS FOR 07-05-2009

So some selling pressure was seen ages after. A sudden fall from 3725 bring down to our most crucial 3610 level by making 3615 low for the day. For the coming session the same 3610 holds the key, below which it may get weak and come down to 3590 & 3565. I feel in any case we mustn't break 3565 zone to maintain the short term bullishness. On the upside 3648 is key for further up move up to 3665-3675. above which i feel we will again head for 3730-3745....

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VIEWS FOR 06-05-2009

Hi guys! 3689 worked like a charm and it was a double whammy. Firstly in the morning it went up to 3685 and came down and again went up to 3693 and closed 30 points below that. In the coming session 3610 holds the key for the nifty. Though the pivotal will be 3650. A decisive break below that level will bring 3610 if not lower.sustaining 3650 will show 3693,3709 and further levels will be given later. A break below 3610 will be a hold for the shorts...

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FRIENDS, IT'S A BREAKOUT: VIEWS FOR 05-05-2009

Absolutely mind blowing move and a perfect example of bull power at it's very best. I was not really expecting to cross the 3540-70 hurdle so effortlessly. Though a gap up on the opening bell saved us from shorting because of some meaningful levels. Arguing about the current trend I asserted on the 27th of April that we will try to short near 3540-3570 with a S/L of 3615 with resistance stated at 3605 on that particular post. That 3605 was a 261.8%...

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RANGE BOUND OR TREND DECIDER? VIEWS FOR 04-05-2009

Hi friends! I am back with my same old charts and levels. As I stated in earlier occasions that nothing have changed significantly on the short term charts and still it seems bulls will take it to the 3540-3570 levels to reevaluate the strength of the current trend. So till then there are very few things to do rather than waiting for the above stated level, and of course one can buy in a significant dip, but I'll seriously suggest to do it with very...

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