NIFTY INTRA DAY VIEW FOR 01-29-2010

A very volatile but a trading friendly day it was. the high probability of the bounce was clearly told and discussed on previous day's post. Market just bounced off twice exactly from levels discussed (support was given @ 4825, low made 4824). But every bounce will be considered as correction as long it can not manage to go above 5080/85 and even 5180.Though short term traders who has been holding their shorts since 5080 is broken, can trail ahead...

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NIFTY INTRADAY VIEW FOR 01-28-2010

Yesterday I stated............. "a break bow 4975 can certainly make Nifty weak for the day and a immediate target will be 4940. Further breakdown can cause in more damage to Nifty which can lead fall up to 4860-4810/15-4730." We broke below those areas in very early morning and the downward slide was smooth enough. Impulse moves on every time frame is live and kicking.  Re-posting the first chart posted in the view for 20th January, and check...

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NIFTY INTRADAY VIEW FOR 01-27-2010

  Supports: All the supports are in tact as 4975 & 5080 is in tact on either side. a break bow 4975 can certainly make Nifty weak for the day and a immediate target will be 4940. Further breakdown can cause in more damage to Nifty which can lead fall upto 4860-4810/15-4730. Resistances: Immediate strength for intra day can come above 5045 zone. Above that 5080 is possible. Further violation of 5080 on the higher side can bring 5000-5140-5180....

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NIFTY INTRADAY VIEW FOR 01-25-2009

Discussed 5080 zone is really playing critical. We talked about that place in the post for 21st and low and high for 21st a& 22nd were 5072 & 5074 respectively. There lies the pivot for recovery on the upside. All in all the immediate trend is down and impulse moves are on the same side.   Supports: 4975 is immediate. Sustaining below that will be threat to break the 4940. Violation of 4940 can certainly bring 4860-4820/15 before any...

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NIFTY INTRADAY VIEW FOR 01-22-2010

Review of the fall: 5225 & 5205 was discussed as a most critical support for the resumption of the uptrend. On 20th it broke down 5205 by making a low recorded @ 5195 and retested 5225 (reached 5229) but failed to sustain above. Immediate support discussed for 21st was 5180. Gap down opening created low @ 5183 and retested second pivot zone of 5205 (high made 5207) but again was unable to trade above that, thus creating a shorting point. Today...

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NIFTY INTRADAY 01-21-2010

First we broke below 5230, then 5205 and thus initiated a positional short in nifty. Classical charts are giving short sell signal from it's intra day movements. Things discussed in the online class was so profound on the chart yesterday. Hope my students have enjoyed the move and did the right thing!! Anyway, breaking 5205 was not good, and moreover it bounced from 5195 and 5230 was again retested and failed to cross above that level, thus making...

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UPDATE OF "TALKING STOCKS"

Friends, I did couple of post on the day on 27th November,2009 named "TALKING STOCKS" and "TALKING STOCKS CONTINUED", where 4 stocks were discussed namely Relaicne Ind, Suzlon, Chambal fertilizers and Unitech. Here are the updates:  Reliance Ind: told that 1120 is important hurdle, above that 1175 possible and above that long term buy is visible. Broke out 1120 and reached 1150 but never crossed 1175. Suzlon: Told above 79-80 , targets of 90-110-125 is possible. High made 95 , Cmp 88. Unitech: Told that buy near 73 is possible. low made 72...

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NIFTY INTRADAY VIEW FOR 01-20-2010

Starting with a very new kinda observation today. Have a serious look. It's interesting :)   The first chart say can lotta things. The movements of few EMAs are perfecting clarifying the complicacy in it's movements. History certainly repeats. But how that is important and somehow critical to find out. Support: Clearly 5212/05 is biggest support now. Holding that nifty again can move up. Below that positional target of 5180/60-5140-5115/10...

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UPDATE ON CORDS CABLE

The view posted on CORDS CABLE on 15th of January, with a closing price @ 50.85. Currently trading @ 56.35, almost 12% up from the suggested level.  Cheers all!!...

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NIFTY INTRA DAY VIEW FOR 01-19-2010

  Nifty came down and bounced from just above the discussed support of 5225 (low made 5232) and trade at least half of the day above 5275 while making a high of 5290. We are poised slightly biased on the upside for the session to come. Supports: 5252 is immediate, below that once again today's low may be challenged, and a convincing breakdown below 5225, can certainly bring some weakness in it for 5170-5145/25. Resistance: 5285 as shown on...

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NIFTY INTRADAY VIEW FOR 01-18-2010

  Support: The lackluster movements of nifty is yet to witness any BO as shown on the above pics. Important support still lies @ 5245 give last day (low made 5245) and @ 5225. Holding these two levels nifty can regain momentum. Below that 5190-5170 and main support 5145-5120 are possible. Resistances: 5275 still in tact. A volume BO above that can bring 5330/40 where it will be tested again...

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CORDS CABLE

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NIFTY INTRADAY VIEW FOR 01-15-2010

We discussed about the possibility of 5145/25 below 5185/70 in the 13th January post. Supports: So, clearly 5245 and 5225 is the key right now. And as discussed yesterday, a upside hurdle @ 5275 zone will be a indication of the corrective move on the upside. Below 5225 it can target again 5180/70 and 5145-5125 level, to decide it's further course of journey. Till 5125 holds, the target of 5330/38 is in tact. Resistances: 5275...

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NIFTY INTRADAY VIEW FOR 01-14-2010

We certainly discussed the immediate bearishness along with the positional bullish view on the last post. Nifty exactly did that by starting weak by making high exactly at 5221.25 (resistance discussed 5220/22) for the day and ending on a high note from the support level of 5175-5170 (low made 5176). So nifty has already managed to hold onto it's one of big support level and looking for an another heard up towards the 5265-85 zone before deciding...

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ACKNOWLEDGEMENT

THANKS TO ALL OF YOU FOR YOUR RESPONSE REGARDING THE CLASS. LET IT COME IN. FOR FURTHER ENQUIRY PLEASE WRITE OR CHAT TO ME @ sit.satyam@gmail.com...

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NIFTY INTRA DAY VIEW FOR 01-13-2010

  Supports: Market has closed weak below 5245, and eventually targeting 5185 initially as shown above. It's an important place for bulls. Violation of which can very well bring 5170-5140/20 zone. 5120 is really really big for bulls, and a probable place of resumption of uptrend. Resistances: 5220/22 is big hurdle as of now. Above that 5248-5280 can be next hurdle on the upside. Position view is still up, but intra correction still in place....

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INTRA UPDATE

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NIFTY INTRADAY VIEW FOR 01-12-2010

Again a slow day with some consistency in maintaining BO levels. Resistance and support discussed @ 5294 and 5250, acted  beautifully but yet to give any valid BO on either side.   Support: Not much change in the market mood as everyone is waiting for a valid BO. 5250 still holds the key below which 5230-5200/5195 is possible again. A break below those levels can bring all important 5140. Resistances: 5264/66 is immediate, above that nifty...

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NIFTY INTRADAY VIEW FOR 01-11-2010

Last session 5235 worked perfectly as well as the overhead resistance 5285. Nifty is witnessing intra day correction but as discussed on last few posts, holding 5230 will bring higher levels again.   Supports: 5250 is pivotal. Below that 5235/30 will be challenged again, violation of which can result in 5200/5195-5140. But as shown above, no positional downtrend is visible, as long we are above 5140. Resistances:5290/94, above which 5303 will...

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NIFTY INTRA DAY VIEW FOR 01-08-2010

As discussed y'day, nifty made high exactly @ the given resistance of 5295, and started correcting for the day. It's still in a corrective range and truly it's quite difficult to trade the narrowest of range. Supports: Sustaining below 5260 can extend the correction little more towards 5235/40 zone, which is arguably one the most crucial place. Holding that nifty can spin higher again. A fall below that a really show very speedy 5200-5140 (most...

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NIFTY INTRA DAY VIEW FOR 01-07-2010

Nothing much inthe market unless a very side ways upward biased move with all target on either sides are in tact. Supports: Immediate support is @ 5275 zone. Sustaining below that can show up 5258/60 & 5230 zone for next buying opportunity. Resistances: 5295 is immediate, sustaining above that will again try for well discussed 5333/40, a profit booking and probable shorting zone. var addthis_pub="satyamsit"; ...

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NIFTY INTRA DAY VIEW FOR 01-06-2010

Supports: Immediate support lies @ 5272  & 5260, sustaining below that, can target further downside towards 5250-5225, 5220 can emerge as a potential buying zone, in case immediate support breaks. Resistances: 5295 is clearly the immediate one. Above that most awaited 5333/40 zone will emerge. Which can very well be potential profit booking and shorting zone with strict s/l above 5355. var addthis_pub="satyamsit"; ...

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NIFTY INTRA DAY VIEW FOR 01-05-2010

It's a clear bull show again where tiniest amount dips were utilized as buying opportunity. We managed to break 5230 and traded quite convincingly above that. And finally closed  just @ 5240. No downside level is broken, so no impending as of now, and still a buy on dips situation.   Supports: As shown on the chart 5230-20 is an important zone for support. Below that, as discussed on yesterday, 5205-5175 possible. Resistances: As we are...

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NIFTY INTRA DAY VIEW FOR 01-04-2010

From a bit longer term perspective Nifty still looks bullish from any angle, but very shorter term looks little stretched. Supports: 5190 is immediate, below that 5170 is possible for the day. A convincing break below 5165 can bring 5140-5120 for he day. Short only advisable below 5165 zone. Resistances: 5230 is indeed crucial above that 5295-5340-5440 is possible from positional perspective. Going long in handsome dips or aboce 5240 would be wiser...

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