NIFTY INTRADAY VIEW FOR 05-28-2010

It's amazing how one right observation can provide right levels even in Intraday and can keep doing that. Yesterday posted range of 236 worked for last pullback and this time also looks like to be achieved. More than that, even the smaller Fibonacci ratio applied on 236 also worked almost perfectly in intraday. From the quantitative perspective .786 of 236 from 4786 was @ 4971, which was exactly the intraday high in morning for almost 2 long hours...

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NIFTY INTRADAY VIEW FOR 05-27-2010

Update:2:28 pm:   236*.786=185 4786+185=4971.. days high as of now. 236*.618=145 4786+145=4931.. yday high 4925. 236*.5=118 4786+118=4904.. todays  low 4900 236*382=90 4786+90=4876 236*.236=55 4786+55=48414876 & 4841 is the last two supports for nifty for this upmove.****************************************************************** Supports: 4875-4840. Below that 4780 can be challenged again and continuation of a larger downtrend...

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ADD IT ON..........

Yes, this is indeed possible as long 4780 hold...

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NIFTY INTRADAY VIEW FOR 05-26-2010

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NIFTY INTRA CALL PERFORMANCE : APRIL 2010

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NIFTY INTRADAY VIEW FOR 05-25-2010

Nifty turned down almost from the give intraday resistance 535 (high made 5022) after successfully retesting the 4970 zone and moving up 50 odd points. 4970/75 is playing pivotal and it will continue to do so in coming sessions.Supports: Larger trend is down beyond any question and higher levels are getting sold off. For the day it's having a support near 4890. Breaking below that it will target 4840 again. Violation of that it will face bigger support...

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NIFTY INTRADAY VIEW FOR 05-24-2010

As discussed, the fall has halted @ 4860. A correction can bring higher levels in nifty.Supports: 4910-4890 is very crucial for the day to maintain the upward momentum. Below that 4860-4840 can again be targeted and challenged. Below which 4775-4750 is very much possible.Resistances: Above 4945, some more bullishness can be visible in nifty which can bring 4980/85 and 5000/05 respectively. Above that 5035 and 5065 is possible with positional resistance...

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NIFTY INTRADAY VIEW FOR 05-21-2010

Given resistance of 4975 (high 4976) was intact in today's trade, with a range bound action between 4900-4975, leaving no room for bulls to be comfortable with their positions. Still downtrend intact.Supports: Below 4900, 4860-4830 are possible and crucial, will watch out closely to both these levels. Below that 4780-4740 will decide the larger trend.Resistances: 4956 is immediate hurdle. Above that 4975/85-5020/25 is possible, very likely shorting...

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NIFTY INTRADAY VIEW FOR 05-20-2010

Update 11:58 am : *********************************************************** I wonder how many times we disbelieve our own understanding by some externally exaggerated thoughts and facts. Today's gap down made me cautious about the running profit and insisted me to book out of my shorts. But the more pain emerged while dealing with 5020 level. For the last 2 days was quite confident about 5020, suddenly changed mind and waited for 5040 to re-enter...

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NIFTY INTRADAY VIEW 05-19-2005

Supports: 5040-20 remains strong intra day support level.  Below that 4975-4935 is the minimum target which can be nifty.Resistances: Nifty is in downtrend, and this downtrend is under no threat as long it hovers below 5110-5126/38. Only a cross above that will signal a reversal with a possible target of 5165/70-51...

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NIFTY INTRADAY VIEW FOR 05-18-2010

5080/85 and 4950/65 zone proved to be most crucial again. We did gap up above 5080 last time from 4976, and moved up. Friday it broke down 5080 again and closed below that, signifying a clear weakness on the price chart. And we got a gap down today again and again it took a nice support @ 4960 (discussed number of times). Hope that my readers have gained from the view regardless of my post for Monday. We might have witnessed recovery again, which...

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NIFTY INTRADAY VIEW FOR 05-14-2010

Nifty is clearly range bound in between 5220-5145 for the time being, before it finds any direction on the shorter time frame.Supports: 5145 is crucial. Below that 5115-5085/80  possible and decides the further movements.Resistances: 5195-5220 remains the hurdle. Above that 5255/60-5295 possible.Trade the range 5220-5145 as long as a breakout is taking place on either si...

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NIFTY INTRADAY VIEW FOR 05-13-2010

Discussed 5080 acted big again, while nifty bounced big once again from 5088 for the higher levels. A smaller 5 wave upmove is being seen on the chart.Supports: This upmove is being held by 5080 clearly. So that would be reversal level for this upmove. For the day it may get weak below 5145 zone for 51250-5090 again. Below 5080 current upmove ends.Resistances: As shown, 5185 is very important, as well 5220 is. Above these 2 levels nifty can certainly...

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Saved by the bell

A fire broke out last night in garage place in our apartment, causing serious damage in few of the cars and resulting in huge power failure. Luckily no one is injured. Very sorry for the inability to post yesterday. Will continue from today again. Thank you for your support. I am safe n...

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A FIBONACCI AND TRENDLINE APPROACH TO BANK NIFTY

Sustaining above 9620-25 is good for further up move again. Below that downward biased extended correction possible. Closing above 9670, even 9720 can bring more serious up mo...

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NIFTY INTRADAY VIEW FOR 05-11-2010

As shown on the chart yesterday, nifty did justify 5080 in a great manner by a gap up opening recording low @ 5083, giving the early hint of the reversal. Though it gave little or no chance for intra-day traders to enter into long trade unless some positional longs built on last Friday. Currently the downward move certainly under threat but som technical levels are yet to be broken.Supports: 5165-80 is entry zone long on for very short term traders....

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NIFTY INTRADAY VIEW FOR 05-10-2009

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RELIANCE VIEW

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NIFTY INTRADAY VIEW FOR 05-07-2010

Nifty bounced from the 5020 level discussed in the blog, making 5026 low for the day. trend is clearly down and currently witnessing the correction on the upside. The current down move is intact up to 5170/75, even 5200-25 is the headroom on the upside as the correction (4th wave). So till now it's range bound in between 5120-5010/20 zone before the move getting extended.Supports: 5080 and 5065/60 are crucial for the this smaller up move to hold...

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NIFTY INTRADAY VIEW FOR 05-06-2010

Supports: 5082-5070 is important. Holding that can bring some breather. Below which yesterday's low can be under threat for the downward target, 5020-4950, which can cause a bigger bounce from the bottom.Resistances: Above 5135/40, 5165-85 possible, from where it may resume it's downtrend. 5112 will play pivotal in the day's tra...

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NIFTY INTRADAY VIEW FOR 05-05-2010

Nifty downward biased nature got more maturity below 5200 as discussed. Now looks like it can damage bulls sentiment going further. Sell on rise or hold the shorts are more wise thing to do, until some bigger support level is tested now.Supports: 5110 is clearly big, very important from intra day as well as Eod basis. Below that another round of severe selling can bring 5050/40-5010 and the 4950/60 positionally.Resistances: Loads of hurdles on the...

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NIFTY INTRADAY VIEW FOR 05-04-2010

As discussed on last post, nifty bounced from 5200 (low made 5202), marked as immediate support. Now immediate range of 5200-5265 will get played out. Supports: 5200 remains the same. Below that 5160-5110 -5050 is possible positionally.Resistances: 5265/70 is crucial from intra perspective. Above that intra sentiment can turn bullish from 5305-5320/25 zone. Above that 5400-5440/60 possible.Nifty still in sideways to downward bias. Use strict s/l...

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NIFTY INTRADAY VIEW FOR 05-03-2010

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