INTRA DAY NIFTY VIEW FOR 10-30-2009

The day will be challenging enough for intra traders I feel with so many possibilities. Though I still feel there can be fair bounce if 4740 holds. But upside resistances to be tackled very carefully. Supports: Support lies @ same 4740, below that more weakness can very well bring it down towards 4715-4700-4665/50 zone. Resistances: Immediate hurdle will be @ 4795/4805, above that 4830-4868/75 is possible. Further BO from those levels can bring...

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NIFTY INTRA DAY VIEW FOR 10-29-2009

Supports: 4777-4740 holds the key, though market is looking weak and generating no reversal signal at all, still these 2 levels are technically crucial and wish to book some profits around these levels. below that levels some serious trouble for medium can set in which can bring nifty towards 4650-4450 (conservative levels). Further discussion will unfold after breaking of those supports. Resistances: 4845 is immediate resistance. Above that 4872-4920/30...

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NIFTY INTRA DAY VIEW FOR 10-28-2009

The top we picked @ 5165 to book our positions, proved quite useful as Nifty showed consistent after that high made on 20th. One thing I am more inclined think is the amplitude of the first fall on the larger chart. It's still not exhibiting any clear wave count (actually it's showing, and the amplitude of first fall is 5168-4972, almost 200 points), that way the corrective on daily chart (not considering the impulse 5 wave down move as of now)...

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NIFTY INTRADAY VIEW FOR 10-27-2009

Supports: We broke 4972  while making a low of 4965, and closed weak for sure. Now key lies @ 4928-4900 for the day. Below that 4855/58 very much possible before any bounce, though expecting that due to extreme oversold condition of oscillators. Resistance: 5035 big zone on the upside, any rise can be restricted there, Above that 5070-5095-5115/20 possible. var addthis_pub="satyamsit";...

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INTRA DAY NIFTY VIEW FOR 10-26-2009

Supports: A break below 4987 (yday's low) can bring 4965-4948 immediately & 4928-4900. 4900 really holds the key. A close below that can very easily bring 4858-4760 previously discussed.  Resistances: We are still in correctives on 15 minutes chart and 5071-5115/19 is the biggest hurdle. Immediate resistance lies at 5038. There would be number of halts on both sides and my prediction is the movement will be slow and choppy for the day....

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NIFTY INTRA DAY VIEW FOR 10-23-2009

Nifty almost down 200 points after picking top at 5165/73 :). The movement suggesting that impulsive move is on comfortably on 15/30 minutes chart. 4930/4900 really holds the key again. But from today's move if it can sustain the low it has formed on 22nd, it can bounce, though as a corrective w.r.t current down move. Supports: 4972 which today's low somehow provided support. Now holding that it can bounce. Failure to do that can bring 4928-4900...

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NIFTY INTRA DAY VIEW FOR 10-22-2009

Nifty made high of 5122 but hardly sustained there, came below our resistance level (5115) immediately and could not manage above that for entire session and finally broke down. Now as the shorter term is weak it seems nifty may continue some more slide unless can not manage above 5152/60. Supports: For current down move 5030/32 holds the key now. A bounce can come and test the resistances above. Below that some 4990-4940 is possible very easily. Resistances:...

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NIFTY INTRA DAY VIEWS FOR 10-21-2009

Nifty indeed experienced some profit booking exactly @ 5165 (high made 5168). Though the current downward movement on the downside can not be considered anything else rather than a mere correction. In stead of a stiff upper head hurdle Nifty will be having cluster of support on the downside to be bought in. Supports: 5092 Holds the key, But a failure to sustain above 5115 can bring lower levels, which would be a result of corrective on larger time...

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INTRADAY NIFTY VIEW FOR 20-10-2009

Levels have changed little or none after truncated Muhurat trading day. Nifty made a spike high exactly @ well discussed 5165 and still hold the key. Supports: 5115-5070/68. Can get weak below that for 5027-4980/72. Resistances: 5165/73 as discussed. Above that 5217/30 is possible. But if can't breach that zone with a gap/huge volume, some shorting can be done around that level with so many negative divergences winding up on the chart. var add...

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WEEKLY TAKE ON NIFTY WITH MOVING AVERAGE

Posting a weekly chart which made me think a little. Take a look. Here i have incorporated 4 EMAs (5,8,13,21, I generally use Fibonacci ma). On weekly chart it has consistently performed in a subsequent way in terms of giving support to nifty, while last time fell up to 3909, 21weekly EMA provided support. On this occasion it around 4560. And some data aberration on EoD chart showing 5284 is being converged from various angles (on last post also...

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INTRADAY NIFTY VIEW FOR MUHURAT TRADING

Yesterday Nifty moved above the first resistance point 5124 and made pivotal for the day while touching and hovering around the next resistance @ 5144. It's still looking bullish and up-trending though some serious resistances are nearing. Supports: Immediate support is @ 5120, below that it can be weak for the session for 5099-5070/68. Below 5068 shorts can be taken positionally for a target around 5000-4980/72. Resistances: The current scenario...

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ENLIGHTEN THE LIFE!!

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NIFTY INTRA DAY VIEW FOR 16-10-2009

Nifty gave a intra correction from near to our target zone, but bounced off the lows from the support given @ 5060 (low made 5067). Nifty still poised for the target 5165/75, as long 5048-5020/18 is holding. Supports: Initial support is at 5084. Below that further weakness can bring 5051/48-5021-19 and decide the further move. EoD trendline is @ 4987 for tomorrow. Resistance: Nifty under some pressure on minute chart wave structure, 5124-5144...

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NIFTY INTRA DAY VIEW FOR 10-15-2009...NEARING TOP????

Initial hurdle discussed on last was @ 5096, @ day's opening it recorded  @ low of 4093 and moved up, on the 2nd half it again came down from it's high 5126.9 to 5095 (clearly that zone was cleared and provided support), and hence hit 5130, where target given above 5096 was 5131-5162-5218. So first target is achieved. Trend wise there no signal of reversal or weakness, but as discussed, we should look to book profit/exit positions at higher...

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NIFTY INTRA DAY VIEW FOR 10-14-2009

Supports: Sustaining above 5050  will be always good for higher levels. Below that nifty can get little weak, where 5024-4985 will provide the initial support. Resistances: 5096 is initial hurdle, which was almost reached on previous high for Nifty @ 5089.6. Now crossing that (after sustaining 5050) can bring 5131-5162-5218 (IT MAY TURN OUT TO BE BIG PROFIT BOOKING ZONE), while close above 5162 zone will be super bullish and can nullify the...

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