NIFTY INTRADAY VIEW FOR 04-01-2010

Finally 5350 resulted into deeper correction. Hope the discussion about 5350 resistance helped to create short/book longs. In fact mid term reversal points lies @ 5160-5100. In intra nifty has shown some attempt to correct on the upside.Supports: As Nifty is witnessing upward correction on the shortest time frame, 5250/45 is the main support for the day for that to remain. Below that 5230-5215 is crucial point of nifty for a reversal. Positional...

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NIFTY INTRADAY VIEW FOR 03-31-2010

After a prolonged discussions and number of posts market finally reacted from the said resistance/first positional targets. Though it was the 5350 levels we saw on the chart, but it reacted from 5344, but it was really marginal. In the last trading session it also broke the 5280 level, thus initialing a 5 wave down move on the 5 minute chart. Now the reversal signals for long-mid term are yet to come, we need to book our created shorts (as discussed...

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NIFTY INTRADAY VIEW FOR 03-30-2010

As discussed on the last few days about one positional targets of Nifty @ 5350, it touched 5344 yesterday. though there is no weakness on the price part, but it's advisable to book longs and try some shorts with a smallest of stop losses.Support: 5315 is pivotal for the day, below that nifty can give push towards 5280/75-5255. Intra day shorts should be booked around those levels.Resistances: 5350 as of now. Sustaining above that it can bring 5390-5450/60...

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NIFTY INTRADAY VIEW FOR 03-26-2010

Support: The positional targets are certainly @ 5350-5450/60 now. On the downside 5250/55-5225 will work as buying zone. Below that 5180 is crucial for short term trend reversal. Resistances: 5280/85 will be the first one. Above that fresh breakout for the positional target will take place with an intermediate hurdle @ 5305. positional targets are 5345/50-5440/60 as discussed earli...

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NIFTY INTRADAY VIEW FOR 03-25-2010

Discussed of 5255 as the probable support on last day. and the same has been converted to resistance point for the time being now.Supports: Nifty is still stuck in the range of 5185-5255/60. below 5185, lower levels like 5155/60-5140(mild)-5110-5095 are possible positionally.Resistances: 5255/60 is important, above that it will attempt a new high towards 5295-5340/...

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NIFTY INTRADAY VIEW FOR 03-22-2010

The longer term trend is still in tact, but some weakness on indicator part is talking about a impending correction. It may be shallow or little deeper than expected but price is most probably to take the u-turn after realization of the support levels.Supports: 5255 is immediate. Below that it will bring on 5220/15 again to test the intra day bulls. Below that 5170/60 is well possible. Positional support lies @ 5120/15-5050/30. This uptrend will...

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NIFTY INTRADAY VIEW FOR 03-19-2010

5215/20 indeed working as the huge support zone for the bulls. These are 2 consecutive days when nifty reversed from that zone. So clearly that holds the key. Sustaining that nifty should stay unchanged in terms of it's trend. But meanwhile it will face some upper-head resistances going forwards.Supports: All the levels  remain same. 5215 is the pivotal for Nifty in coming few sessions, below that it can target 5175-5130 before deciding the...

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NIFTY INTRA DAY VIEW FOR 03-18-2010

Supports: As positional targets looks to be on the upside, supports should be utilized as the buying opportunities. More the dip, more will be the profit potential. 5215 is the pivotal from intra-day perspective. Below that 5200-5165/70 is possible, which is a crucial zone as a mid term support. Below that 5140-5100 are the possibilities.Resistances: 5255-5285 are the hurdles, intra day correction can be expected from these points. Above that 5340/50-5460...

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NIFTY INTRADAY VIEW FOR 03-16-2010

As discussed yesterday, Nifty bounced from 5110/5100, support zone provided on last post. 5125 proved to be a pivotal zone, and I feel it'll continue to be like that, but may be from intra-day perspective. Nifty still can't manage to go above 5165/75 zone, so will stick to the view booking profit and intra shorts on any upside ti;; closes above 5175 (will consider the fib level on closing basis).Supports: Nothing much to look at from intra-day perspective...

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NIFTY INTRADAY VIEW FOR 03-15-2010

Supports: As shown in the above chart, a failure to break 5168.8 (high posted on last Friday), can unfold a 5 wave down move. But in all bearish possibilities targets are not below 5110/5100 below 5125. Below 5100 it may witness little more sell-off towards 5085/80-5060/50.Resistances: 5170/75 remains the same. Above that fresh breakout may lead it towards5195-5215/20-5240. With a positional target of 5340-5430 above 5180, closing bas...

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NIFTY INTRADAY VIEW FOR 03-12-2010

As we were discussing for the last few days, 5165 is one of the target and most crucial resistances for the current up move. And today it's achieved at last minute trading. We may close with a very strong fashion, but as 5165/75 is not crossed, I will keenly look forward towards the price action before concluding about any chance for further gain/pause in the price movement, but would like to suggest profit booking for once to the traders who are...

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NIFTY INTRADAY VIEW FOR 03-10-2010

Supports: 5085/80 zone is important support zone for the very first session. Intra short taken @ higher levels can be booked once. Below that 5060/55-5025 will the main support level.Resistances: 5125 remains as the main resistance. above that 5145-5165/75 as discussed before. Be patient for the proper levels to arrive as the market is very narrowly range bound. Otherwise it can only lead to whipsa...

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NIFTY INTRADAY VIEW FOR 03-09-2010

Supports: 5105 will act as immediate support. below that 5085-5060/55 will act as main support for the day. The bearish wolfe aslo targeting the same place @ 5060.Resistances: 5125/30 be will initial hurdle. Above that it can again move up to 5150 and 5170. Will advise to be in lighter position in up move as market looks overstretched while nearing the major resistances. 5165-75 is the place to look very closely. fresh longs can be initiated above...

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NIFTY INTRADAY VIEW FOR 03-08-2010

Into a new week once again and Nifty is still holding up it's support although reacted a bit from the higher level last Friday. Frankly nifty is in a clear yet dicey situation where levels will work well, but trend will still under some doubt, be it down or up. Actually the decisiveness comes from the larger move and it often occurs in case of Index movements. We had a steep fall of almost 650 points from 5303 up to 4667. The movement is indicating...

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NIFTY INTRADAY VIEW FOR 03-05-2010

Firstly sorry for not being able to post for yesterday. A viral fever got onto my head and made me little weak, physically. Immediate trend is certainly up but in a overstretched/overbought zone. A very tricky kind intra day scenario is panning out as far as the trading concerned. Nifty with higher target on the chart may encourage more bulls, but overstretched status of nifty can certainly make trading very difficult. Utilizing handsome dips/rally...

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NIFTY INTRADAY VIEW FOR 03-03-2010

Discussed about 4960/75 zone for the last few days last week, a break out above that level (high made 5002 on Friday) has certainly made those level most strong support as of now. Today after gap up it touched 4967 for once and moved back northward.Supports: 4975-4960 is the support area as of now. Below that up to 4920-4880-4840, but in any case this is a impulse move, it should not go below 4960 zoneResistances: 5050/60 remains intact. Above that...

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NIFTY INTRADAY VIEW FOR 03-02-2010

Supports: Though immediate movement is giving us a hint of another round of upmove before really settle down for next leg of rally on any direction.4920-4885 most important place for going long, below that 4842 will be most crucial and trend decider. Below that 4750-4710/15 possible.Resistances: 4975 and 5005 are big. Above that 5025-5060 possible and decide the further move.All in all trend up for 5060 target but shorter term chart is nearing bigger...

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