TAKING A PAUSE

Hi frenz.. I'll be leaving out for Lucknow today for 4 days in some family matters.. so wont be able to post upto next wednesday :( ... I'll be live n kickin on the blog again from next thursday onwards.Till then have great time and trade safe!! Take care u all.. miss ya ppl! :Dvar addthis_pub="satyamsi...

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VIEW FOR 29-06-2009

After hitting 4303 in the morning we came down towards support of 4257-4275 and reversed from that place (low made 4252). We hit our main level 4331 (high 4339) and then again retraced before breaking that level finally to give a fresh breakout. Now it has tested our another of 4387 (high 4394), it is poised for higher levels again.So for Monday, it'll be bullish buy on dips scenario as of now. (if we get the dip first).Supports: 4375 is important...

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VIEW FOR 26-06-2009

Supports: 4224/17 & 4200 remain the most important place. Below that nifty can e weak and target 4185/60-4122-4090/70 and finally 4044.Resistances:4257 and then 4275 is the important place to watch out for. Above that nifty will target 4295-4321/4331 . Crossing 4331/21 will be bullish to take it up towards.4387,4407/4415(main targets) & 4436 (aggressive target).Trade safe.var addthis_pub="satyamsi...

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VIEW FOR 25-06-2009

It was asserted, "a dip after crossing 4275, can be buying opportunity (in that case 4223 can act as very good support)", we broke 4275 while making a high of 4283 and dipped down to 4218. We held 4209 successfully and swirled exactly upto our one of the resistances of 4317. The current scenario is like.So we are currently witnessing and trading in a uptrend, though on the smallest of time frame (5-10 minutes). But the fuel for this uptrend remains...

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VIEW FOR 24-06-2009

Supports: 4223-4209, clearly 4209 is the most crucial area. Breaking that it'll target 4185 once again. Breaking 4185 it'll target our previously discussed targets again.Resistance: Breaking 4275 it will target 4290/95, but as discussed a dip after crossing 4275, can be buying opportunity (in that case 4223 can act as very good support). Above 4295, it will target 4317 and 4343/45. Big zone.Volatile could be the name of the day! :)var addthis_pu...

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VIEW FOR 23-06-2009

After a failure attempt to sustain above 4345 (high 4355), we headed down towards 4285, again tried to hold. But every effort by the bulls were like some wild goose chase. We closes at days low and ready to test the previous lows once again. Take a look here...Clearly, 4120/15 is the most crucial now. There will be some big bulls waiting to give one try. Below that it'll be kinda 5 wave down move on the larger degree of the cycle.And for the day,Supports:...

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MINI REVERSAL ON NIFTY. VIEW FOR 22-06-2009

We bounced from the support 4204 (low 4202), a converging place for 3 supports as drawn earlier. A forward projection from hourly perspective pointing the supports towards 4285-4256-4203 again. 4285 very likely to be a pivotal place for Nifty. So for the coming session:Supports: Holding 4285 will be bullish and will head higher to upper targets. Below 4285, 4256 another important place to watch. Breaking that it will head down to 4203 again.Resistances:...

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VIEW FOR 19-06-2009

We could not cross 4388/96 as discussed yesterday, and fell right from there after recording a high of 4382. On the first half it might have taken some S/L because of the extreme volatility when it broke 4320 and bounced from there, but the failure to cross 4388/96 brought the breakdown, and achieved our destination of 4246, by recording a low of 4231. Now what? Bounce?Well, it's on the card, but it will be and out an out correction on the upside...

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NIFTY MYSTIFIED. VIEW FOR 18-06-2009

This is the chart which was posted on 15Th while posting my views for 16Th of June, where I stated, "Below 4480, Nifty will be weaker and target 4437-30 level, which can be crucial, breaking that will bring further weakness up to 4385 and 4330-25, Which will be a trend decider for intermediate term movements." And next movement was like...We have tested exactly 4325 zone today, and more over its converging with the 61.8RT of the entire 4090-4703...

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MORE UPDATE ON PIVOT

Shorted 4507 s/l 4525. Booked 4458. :)var addthis_pub="satyamsi...

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PIVOT UPDATE.

4496 IN ACTION.var addthis_pub="satyamsi...

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PIVOT

We are moving on the pivotal 4496/94. As discussed on the previous post.var addthis_pub="satyamsi...

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INTRA LOOK

We have broken down the first BC=1.618*AB at 4496 and got resistance there. That's crucial for the day. Above the today's 4466..4492..4472 has a 1.618 @ 4516/4519, Which can be a safe s/l for the shorts. But as of now eyes on 4496.var addthis_pub="satyamsi...

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NIFTY POISED NICELY. VIEW FOR 17-06-2009.

Now one thing off topic from coming session's levels. We got two projections for both up and downside as 4736 and 4479 respectively. Amazingly these are the levels we got previously. So mathematically(as fib is part of maths) one level is coming time and again can prove the validation of the calculations irrespective of achieving those levels.The next chart is the impulse move on the 1 min chart. So for the coming Sessions:Supports: 4479-75 will...

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