NIFTY INTRA DAY VOEW FOR 11-30-2009

Nifty is in corrective mode on daily basis but started an up move from the later phase of last day 's trading session. So the coming session may well be choppy but trade-able enough.  Supports: 4935/18-4895 is big time crucial to maintain this immediate up move live. A convincing break below that can really turn the table in favor of bears again. 4840 can be another support below those levels which is likely to be broken for further targets...

Read More

TALKING STOCKS .... CONTINUED

Those who have missed the previous post ..do check it out. Here is a chart which can very well be a eye charmer for a chartist, but don't know how it's gonna perform. Every price moves has been so perfect that it's worth posting. Chambal Fertilizer: Unitech:  Hope above posted charts have some logic and can meet some of your queries on these scrips :) .. have a nice sunday eve!! var addthis_pub="satyamsit"; ...

Read More

TALKING STOCKS

Number of very good friends of mine have requested me for some posts on stock also. I could not get time as I usually be enough confused with Nifty only :). Here are some efforts towards the Indian stocks rather than Nifty and a warm hello to my fellow readers. Take a look. To start off with ... obviously Reliance Industries. Reliance Ind: In a bearishly choppy mode. Check the chart out, you will get to know yourself. Suzlon: Suzlon can be on...

Read More

NIFTY INTRA DAY VIEW FOR 11-27-2009

We began the day with low of 5080 (support was @ 5085) and bounced very little. Broke down 5085 and straight down @ 5065 (support discussed 5065/60), but some longs might have built at that support, but s/l was so small for longs. Below 5065 it was one way movement on the 2nd half of the day. And from immediate perspective, say for next 1-3 session, mantra can be short on rise. Supports: 4970-4950 can a be zone for intra bounce, And very very crucial...

Read More

NIFTY INTRA DAY VIEW FOR 26-11-2009

Supports: Very immediate support would be 5095/85 as shown on the above chart, holding this nifty can again move up. Violation of 5085 can lead it towards 5065/60 from closing and bar chart. 5065 is the hourly closing level with out harming the uptrend. Below 5060, short term weakness can set in which can take it towards 5045-5020 and further lower levels. Resistances: As long 5060 holds, higher price is expected and 5146-5170 is clearly big zone...

Read More

NIFTY INTRA DAY VIEW FOR 11-25-2009

Supports: 5042 is the initial/immediate. Holding onto that Nifty can manage it up move again, but further weakness can bring it down towards 5000/06 zone. In between 5025 can play pivotal for these two levels. Resistances: 5094-5105/12 big hurdle to cross on the upside. Second resistance can be used as a stop loss for any short trade. Above that 5122 will be challenged again for further target of 5140-5170 as discussed. var addthis_pub="satyam...

Read More

NIFTY INTRA DAY VIEW FOR 11-24-2009

As per the last post Nifty almost achieved both the target of 5108-5122 (high made 5120), and really not looking weak as of now. We discussed about the 5060 zone and we did not manage close above that (that resistances worked as closing level, and quite unknowingly too) and ended dead flat for 3 consecutive days from 16-18 Nov @ 5056. Got a dip and closed the week @ 5068 (above 5060), and now new highs are again coming our way. And as discussed on...

Read More

INTRA DAY NIFTY VIEW FOR 11-23-2009

On friday nifty witnessed some storong buying/short covering near one of our target below 4965 (4935-4885 was target, it reversed from 4937). But honestly, I really expected 4885 zone before the resumption of the uptrend as discussed earlier. Somehow the down move got truncated and has brought us again towards the same scenario. 5084 is the key for the upside, in my opinion. Supports: 5045/40 is the immediate support in early session,...

Read More

NIFTY INTRA DAY VIEW FOR 11-20-2009

Nifty did maintain the exact levels and move according to that as mentioned on the last post. It broke 5035 for the day and reached 5006 (support discussed), bounced but never went above 5035 (went up to 5029). Broke down 5005 zone and a speedy sell off showed 4963 (support discussed 4965) in a hurry and bounced exactly up to previous support broken @ 5004. Closed @ 4984. Now for the day 4990 becomes (23.6rt of the ABC move up to 4963) crucial....

Read More

NIFTY INTRA DAY BIEW FOR 11-19-2009

As discussed on the yesterday's post about the pivotal 5050-5035, Nifty did hit exactly @ 5035 as the day's low and rebounded upward to hit exactly 5082, which was the resistance discussed yesterday. All levels are holding the same as no break out/down has taken place. Supports: Nifty is really in a sticky mode. 5035 still holds the pivot for the day, and as shown on the chart, below that 5035 immediate momentum can be down for the target 50006/02-4980/65...

Read More

NIFTY INTRA DAY VIEW FOR 11-18-2009

Supports: Day's pivot lies @ 5050-5035, below that nifty again can target 5010 and 4980 as shown on the 1st pic. Resistances: 5083-86 will act as the overhead breakout zone. Above that 5120/35-5170 possible again. Use any significant move to get into the positions. var addthis_pub="satyamsit";...

Read More

NIFTY INTRA DAY VIEW FOR 11-17-2009

Now take a look at this pic posted on 20th july here. Where projected 5th wave was @ 5220 and 5540 aggressive targets. From lesser time frame chart we projected top 5165 which represents macro level 5220 I feel. Now the big Q is can it show the aggressive target on nifty projected. Yes it can. But exact levels will be obtained from smaller time frame chart which can be little different with macro view posted on July. Say 5400-5450!!! Support:...

Read More

NIFTY INTRA DAY VIEW FOR 11-16-2009

Supports: 4975/70 is immediate support for nifty, below which it can be little weak for 4940 again. A break below 4915 can bring 4860/55, which holds the key for this up move. Resistances: 5020 is the hurdle for the very first session, and as repeating time and again, 5055/61 will be some how very crucial to test the bulls. Fresh positional bullish trade can be taken after a convincing break out above that for 5095-5105 and 5160/70 zone again. var...

Read More

NIFTY INTRA DAY VIEW FOR 11-13-2009

Supports: We are still in uptrend from 4531 and 4940-4915/10 hold the key and that's crucial for the day (corrective probably ends there), below that some big weakness can set in to bring nifty down towards 4858/65 zone. further breakdown can bring 4800-4760/70. Which will be again a signal of the trend reversal on downside. Resistances: (Day's hurdle was given given @ first pic, missed out to give here.) 4970/77-5000 are very crucial levels.As...

Read More

NIFTY INTRA DAY VIEW 11-12-2009

From the above post 1 thing is getting clear that Nifty can nullify all the down moves once it crosses above 5065 this time. Intra day downside noises will be bought after that for higher levels discussed above. Supports: To reach 5057/64 zone in the early morning session, 4995/5000 is important to hold. Below that 4970-4935 can show up without harming the trend. Resistances: 5057/64 is really going to be crucial. Once broken it can be early signal...

Read More