VIEW FOR 31-07-2009

After the sudden fall on 29th nifty managed really well to recover yesterday and covered almost all the losses it experienced. As discussed on yesterday's post nifty made a low of 4473 (given 4475) and crossed 4535 as well. As nifty has managed to complete a BC=1.618*AB move at 4535, it's bullish to test at least 4589/92 and decide further moves for the day. But it can really go up and break the 4610 barrier this time to target higher prices. So...

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VIEW FOR 30-07-2009

Nifty showing corrective move on the upside from yesterday's low of 4415. As long 4532/35 is not crossed it can be weak and under pressure by the bears. In that case,Supports: 4478/75 can be pivotal . Below that nifty can target 4442/40 and decide further moves. At 4395/90 lies the crucial support for medium term.Resistances: 4532/35 is most crucial, above which next target fro nifty will be 4562/67-4586. Above 4586 Nifty can show more strength with...

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VIEW FOR 29-07-2009

A trend line look ...4660 level was discussed earlier. Take a look at more extended target for nifty on a valid breakout above 4610 zone.A 423.65 extension of first top from 4194 is at 4610 zone. Above that 4707-4766 can be possible target for nifty, though above 4660/70. For coming session:Supports: 4550/45 is important zone below that nifty can be under pressure and 4525-4505-4475/72 can be possible supports/target.Resistances: 4590-4610 remain...

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VIEW FOR 28-07-2009

Supports: Clearly 4555-4545 is the most crucial levels to watch out for. Below that Nifty can be weak and target 4505-4495 breaking yesterday's low @ 4525. Next big support comes @ 4461-4430 levels.Resistances: 4592/97 is important on the upside. Above that 4627/30-4661-4680 is possib...

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VIEW FOR 27-07-2009

Last Friday was nothing but a clear choppy session with 4505-4580 in hand. Nifty did not break either side to give clear breakout, but lastly closed very near to our 4580 zone, after making high of 4589 with sustaining it. Now from price movement it seems a clear uptrend, but inability to cross 4580 now can cause little bit downside on nifty and then resumption of trend again may take place.....EoD trendline placed @ 4430 and 4300 respectively. We...

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VIEW FOR 24-07-2009

Nifty not only did manage to cross above 4435 but it crossed above the 4460, the main resistance discussed yesterday, and successfully tested and retested 4460 time and again to move up finally, by making low 4455. It crossed main hurdle like 4505 and closed exactly at our many times discussed level 4535. last time nifty did not sustain 4535 two days back, and today's close is relatively positive after a sell-off scenario on the day before.So, as...

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VIEW FOR 23-07-2009

Supports: As per the 5th wave projection it can target 4362 and 4338. It can get more weak bleow 4330 and can target 4298 and further lower levels.Resistance:4435 is first resistance for the day, above it can touch 4460-65 which is big resistance area and can e a shorting zone. Below 4485-4505 nifty will remain we...

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NIFTY POISED NICELY.. FOR UPMOVE?VIEW FOR 22-07-2009

Nifty ended a corrective, and paused a little. I am posting few charts after some study, please take a look :).So for the coming session,Support: 4454 as of now below that it can be weak and can target 4420-4405.these 2 levels are big. Below that nifty can extend move towards 4370/61.Resistances: 4492/96 is vital. Above 4500/01 it'll be stronger to move towards 4518, but as previous move is indicating, it may well go beyond that towards 4535-4551-4596-4610....

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VIEW FOR 21-07-2009

Not much to say as all levels are same as before.Supports: 4497 & 4485/80 may provide immediate supports. below that 4445-4390 are possible.Resistances: 4535 remains the big zone. Above that Nifty can hit 4580, But further movement will decide whether it'll sustain 4530 zone or not.Trade carefully, take your own time and decide. Either side breakout can give us 150 odd points comfortably. So no hurry... and no more gyan plzz :Dvar addthis_pu...

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CONSOLIATED IEOD FUTURE DATA UPTO 17-07-2009.

Click here to download the data.var addthis_pub="satyamsi...

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VIEW FOR 20-07-2009

This chart was posted on 16Th of July, where the significance of 4350 was discussed. It never fell from 4350 but while going above that level, it came down from 4384 to retest it by touching 4345. Now clearly the momentum is up as it's well above 4330/50 zone and 4510/20 is well in reach. But for intra day,A corrective as well as impulse count on two different degree chart is indicating towards 4430. So for intraday 4430 may show some resistance...

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A LONGER TERM TAKE ON NIFTY

Eyes wide open..... @ 4550.var addthis_pub="satyamsi...

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A CLOSING CHART PERSPECTIVE: NIFTY

We are witnessing a clear uptrend on shorter term chart in Nifty all the way down from 3906. A closer look at the closing chart is also giving us a fair idea on the action action taking place. Parallel up trending channel is on the way and Ema's are clarifying the shorter term momentum which is clearly up as of now. 2 EMAs, 34 & 89 are holding the momentum up for nifty on the 5 minutes chart as these both are lying @ 4361 and 4321 respectively....

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VIEW FOR 17-07-2009

Intra move was a classic example of perfect wave formation. Extended C reached 4194 and bounced upto 4276 (BC=AB*1.618), which was top of wave 2 also. Now The move is critically poised, A move beyond 4275/80 can bring 4330 as discussed earlier, but wave structure wise it can very well target 4134/25 also.A failure to break 4275/80, can bring Nifty to the real big level of 4126/34. And decide further move.A 4122/34 support on the lower side from higher...

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