NIFTY INTRADAY VIEW FOR 03-14-2011

As discussed 5400 again came to the rescue... Intra chart is exhibiting a 5 wave up move targeting 5575 as of now. A sustained move above 5575 will bring 5640/45 where the larger trend will get tested. Detailed analysis will be posted tomorrow.

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NIFTY INTRADAY VIEW FOR 03-11-2011

Nothing can be concluded as long as Nifty staying in between 5470-5550 from very short term perspective. Considering the larger movement same range bound move should have to be unfolded beyond 5650(5600 closing basis)-5400 for a decisive break up/down. Buying into weakness and selling into strength are the only things can be done in such a scenario till it finds a larger pathway.

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NIFTY INTRADAY VIEW FOR 03-10-2011

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NIFTY INTRADAY VIEW FOR 03-04-2011

Hope my 1st march post proved to be very profitable for all. And the reason behind that is the move Nifty did show for the couple of days, was absolutely technically perfect.

1st march chart

Current Scenario

1st March Daily Chart (Bearish ABC)

Current State.

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NIFTY INTRADAY VIEW FOR 03-01-2011

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NIFTY INTRADAY VIEW FOR 02-22-2011

Intra support given @ 5430-5400 on last post were holding for last couple of days before moving up finally. On th daily chart a inverted H&S in making which can get materialize above 5620-25 (closing basis level 5560). Intra supports now @ 5470-5435.

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NIFTY INTRADAY VIEW FOR 02-16-2011

Support discussed @ 5405. It bounced off from 5400 zone.

5380-5400 still holds the key to this upmove.

5530-60 is the most important zone. Moving past these levels will question the larger downtrend. Larger time frame chart still down. Intra day/shorter chart in up trend.

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NIFTY INTRADAY VIEW FOR 02-15-2011

As predicted NF bounced off the verge of 5200. And rallied in a typical corrective mood upto 5450 zone in no time.

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NIFTY INTRADAY VIEW FOR 02-08-2011

Posted on 3rd Feb

Given level of 5370 is still holding, though no sign of reversal can been. But the strategy of buying near 5370 with 30 sl (see above pic)has given some profit and still in a comfortable zone. A break below 5370 and sustaining there for a while can negate the chances of the corrective upward and selling spree will continue. 5445-5465 is very tough resistance for intra-day. Short-Mid term scenario remains unchanged as no significant up-move took place.
5370 support/ break down level. 5255-5215 next targets.
5450-65 important resistance zone in intra-day.

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NIFTY INTRADAY VIEW FOR 02-03-2011

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