Friday, October 31
Nifty Today - 31-10-08 (update 2)
Our Call for High Risk Traders to continue their position till 2784 was bang on Target. The non stop fall from 2827 came to halt exactly at the point we mentioned and from there it started moving upwards. Refer Todays intraday chart which will be added after market close.
Todays Profit: 30 points ie Rs. 1500/- per lot (Low Risk Trade)
73 points ie Rs. 3650/- per lot (High Risk Trade)
Take a note of all the points we mentioned and wait for other trading oportunities today.
Todays Profit: 30 points ie Rs. 1500/- per lot (Low Risk Trade)
73 points ie Rs. 3650/- per lot (High Risk Trade)
Take a note of all the points we mentioned and wait for other trading oportunities today.
Labels:
Nifty analysis
Nifty Today - 31-10-08 (update)
Our shart call got activated and both the targets achieved. i.e from 2857 to 2836 and 2827. There was strong reisitance at 2836 point. Once it was breaked, our second target was also bang hit.
Low risk Traders book profit. High rish Traders can continue their position for 2784 with stop loss of 2827.
New Long Call above 2849 with target of 25 points & above.
Low risk Traders book profit. High rish Traders can continue their position for 2784 with stop loss of 2827.
New Long Call above 2849 with target of 25 points & above.
Labels:
Nifty analysis
Nifty Today - 31-10-08
For todays Trade:
One can go Long above 2928 for the target of 2956.
One can go Short below 2857 with the target of 2836 and 2827.
One can go Long above 2928 for the target of 2956.
One can go Short below 2857 with the target of 2836 and 2827.
Labels:
Nifty analysis
Wednesday, October 29
Today's Profit - 29-10-08
Our First Long call - not activated.
Our Second Long call - got activated but not achieved target (8 points less to target). No Loss even if you quit the trade when market was about to close.
Our Short Call - Got activated and target achieved (2 times). ie 24* 2 = 48 points.
Today's Profit - Rs. 2,400/- per lot.
Our Second Long call - got activated but not achieved target (8 points less to target). No Loss even if you quit the trade when market was about to close.
Our Short Call - Got activated and target achieved (2 times). ie 24* 2 = 48 points.
Today's Profit - Rs. 2,400/- per lot.
Labels:
Days Profit
Nifty Today - 29-10-08 (update)
'Go Short below 2708 with the first target of 2684. (Risky Trade).'
Target achieved.
New long call: Buy above 2713 for target of 2740. We will update you later, whether to continue this call to the target of 2784 or not.
Target achieved.
New long call: Buy above 2713 for target of 2740. We will update you later, whether to continue this call to the target of 2784 or not.
Labels:
Nifty analysis
Nifty Today - 29-10-08
Yesterday during Muhurat trading session, there was lot of buying and the market closed positive. This gives us some hope and sentimentaly there will be more buying and we can see a rally in next trading days. To become technically strong we need to wait for some more days.
Today the market opened positive and moved 50 points above and below yesterday's close in first few hours of trade.
As a trader, the chances of getting safe trade is very less.
Go Long above 2750 with the first target of 2784. Be cautious at 2771.
Go Short below 2708 with the first target of 2684. (Risky Trade).
Today the market opened positive and moved 50 points above and below yesterday's close in first few hours of trade.
As a trader, the chances of getting safe trade is very less.
Go Long above 2750 with the first target of 2784. Be cautious at 2771.
Go Short below 2708 with the first target of 2684. (Risky Trade).
Labels:
Nifty analysis
Monday, October 27
Happy Diwali
The Muhurat trading session for the Samvat Year 2065 for Cash segment will be held on October 28, 2008. The transactions will be done between 18:15 hours and 19:15 hours.
Always there is a sentiment that if market closes positive on this day, then the entire year will be good.
Labels:
announcements
Today's Profit - 27-10-08
Our Short call activated and target achieved (33 points)...
Our Long call activated and target T1: achieved (26 points) and T2 not achieved but still in profit of 30 points.
Total Gain of 89 points ie profit of Rs. 4450/- per lot.
Our Long call activated and target T1: achieved (26 points) and T2 not achieved but still in profit of 30 points.
Total Gain of 89 points ie profit of Rs. 4450/- per lot.
Labels:
Days Profit
what is xxxx? (cont...)
' We had used xxxx in two of our old posts.
2596 ? ? ? ? ? ? ? ?'
As per long term charts, Nifty was showing a major support at this point. In other words we can say that this is the point where the fast rally upto 6350 started. So technically we were expecting that 2596 will be the bottom of this bear phase. On Friday, the market slipped below this level and tried to close above this point, but Unfortunately the market closed at 2584. Even today the market moved downwards till 2253 and started recovering now.
Some promoters had started the game of short selling to get profits and now the market had became very week technically. If this game ends by short covering (on or before F&O expiry) and market goes & close above 2596, we can have a market which will move upwards as per technicals where every small trader can earn decent profits and investor can have some hope.
On the other hand if the above said doesn't happen then the same point will become strong resistance and the market movement will be between 2000 and 2600 for time being. But here too traders can earn decent profits but what about investor ???
2596 ? ? ? ? ? ? ? ?'
As per long term charts, Nifty was showing a major support at this point. In other words we can say that this is the point where the fast rally upto 6350 started. So technically we were expecting that 2596 will be the bottom of this bear phase. On Friday, the market slipped below this level and tried to close above this point, but Unfortunately the market closed at 2584. Even today the market moved downwards till 2253 and started recovering now.
Some promoters had started the game of short selling to get profits and now the market had became very week technically. If this game ends by short covering (on or before F&O expiry) and market goes & close above 2596, we can have a market which will move upwards as per technicals where every small trader can earn decent profits and investor can have some hope.
On the other hand if the above said doesn't happen then the same point will become strong resistance and the market movement will be between 2000 and 2600 for time being. But here too traders can earn decent profits but what about investor ???
Labels:
Nifty analysis
Nifty Today - 27-10-08
Go Long above 2475 to the target T1- 2501,T2- 2559.
One can go short below 2366 with the target 2333.
One can go short below 2366 with the target 2333.
Labels:
Nifty analysis
Friday, October 24
Nifty Today - 24-10-08 (update)
This called as over fear. Some promoters are making big money by short selling and they purposefully broke the support point we mentioned, so in panic every one started selling their holdings.They knew well about technicals and know the next support where they can cover thier short. They had done it again.
But we common people are losing our money. Please avoid panic and forward this message to all the persons who are holding shares (in hundreds or in lakhs or in crores) that we nearing the bottom (still not yet over) and from there every thing is going to be the best for us. Refer some of previous blogs which explains how deep we are in bears phase and when we are going to get rid of it. Even yesterday we cautioned some more pain is left.
Any how for today's trade already we had earned Rs. 2000/- per lot (for blog readers) and we can stay away from market.
If you really need a trade wait upto 2750 and go long above that with target T1- 2772, T2-2783.
Dont Go short today at any level because the market can make U-turn at any time.
But we common people are losing our money. Please avoid panic and forward this message to all the persons who are holding shares (in hundreds or in lakhs or in crores) that we nearing the bottom (still not yet over) and from there every thing is going to be the best for us. Refer some of previous blogs which explains how deep we are in bears phase and when we are going to get rid of it. Even yesterday we cautioned some more pain is left.
Any how for today's trade already we had earned Rs. 2000/- per lot (for blog readers) and we can stay away from market.
If you really need a trade wait upto 2750 and go long above that with target T1- 2772, T2-2783.
Dont Go short today at any level because the market can make U-turn at any time.
Labels:
Nifty analysis
Nifty Today - 24-10-08
Today market had opened with a gap down opening of around 70 points breaching all the support points and still continuing downwards. Now Nifty is trading at 2825. The next important support point is at 2784. So one who has to trade can short at any point for the target of above mentioned point according to their risk. Be cautious market movement is now not clear.
More details about todays trade will be given depending upon the makets behaviour for some more time.
More details about todays trade will be given depending upon the makets behaviour for some more time.
Labels:
Nifty analysis
Thursday, October 23
Nifty Today - 23-10-08 (update 3)
'One more short call: Go below 2950 with the target of 2937, 2928. (Only for high risk traders)'
Call activated and both targets achieved. Gain of 22 points i.e Profit of Rs. 1100/-per lot.
Dont go for our first short call given in todays first post. (its to be activated)
Call activated and both targets achieved. Gain of 22 points i.e Profit of Rs. 1100/-per lot.
Dont go for our first short call given in todays first post. (its to be activated)
Labels:
Nifty analysis
Nifty Today - 23-10-08 (update 2)
Our New short call Activated and Target achieved. Again 30 Points ie Profit of Rs. 1500/- per lot.
One more short call: Go below 2950 with the target of 2937, 2928. (Only for high risk traders)
One more short call: Go below 2950 with the target of 2937, 2928. (Only for high risk traders)
Labels:
Nifty analysis
Nifty Today - 23-10-08 (update)
Our Long call got activated and both the targets achieved. Gain of 51 points ie Profit of Rs. 2550/- per lot.
Our Short call not activated till now.
New Short Call: Go Short below 3008 to the target of 2978. This call is only for high risk Trader because some support is seen at 2990.
Our Short call not activated till now.
New Short Call: Go Short below 3008 to the target of 2978. This call is only for high risk Trader because some support is seen at 2990.
Labels:
Nifty analysis
Nifty Today - 23-10-08
'If Nifty breaches 3070 and goes below 3058 today more down movement will be there in next trading days.'
This is what we had mentioned yesterday.You can see yesterday Intra day low was 3051 and so today there was gap down opening of 140 pts. Still more pain is left.
For todays trade. Go long at 2981 with the following target T1-3011, T2-3032.
One can go short bellow 2918 for the target of T1-2899 and T2-2878.
This is what we had mentioned yesterday.You can see yesterday Intra day low was 3051 and so today there was gap down opening of 140 pts. Still more pain is left.
For todays trade. Go long at 2981 with the following target T1-3011, T2-3032.
One can go short bellow 2918 for the target of T1-2899 and T2-2878.
Labels:
Nifty analysis
Wednesday, October 22
Nifty Today - 22-10-08
From last Friday, Nifty is trading in the range between 3058 and 3300. So the technical points of support and resisitance are already given in the previous blogs and the same points are still active.
If one regularly read our blog and make note of the points which we are giving, can easily decide the trading strategy for that day. The Points will change at some point of time and new support and resistance level will come into force. We will surely update those points as it happens. We strongly recommend you to go through this blog daily and make use of it.
The best trade which one could have done is going short below 3140 to target of 3070. Just see what we had mentioned on 16-10-08
In traders perspective, One can go short below 3142 for the first target of 3111 and second target of 3070. (Adviceable to book partial profit at first target)
Now the market is trading in a tight range of 3070 -3110. One can go Long above 3110 with target of 3140.
If Nifty breaches 3070 and goes below 3058 today more down movement will be there in next trading days.
We are planning to give intraday stock recommendation calls in near future.
If one regularly read our blog and make note of the points which we are giving, can easily decide the trading strategy for that day. The Points will change at some point of time and new support and resistance level will come into force. We will surely update those points as it happens. We strongly recommend you to go through this blog daily and make use of it.
The best trade which one could have done is going short below 3140 to target of 3070. Just see what we had mentioned on 16-10-08
In traders perspective, One can go short below 3142 for the first target of 3111 and second target of 3070. (Adviceable to book partial profit at first target)
Now the market is trading in a tight range of 3070 -3110. One can go Long above 3110 with target of 3140.
If Nifty breaches 3070 and goes below 3058 today more down movement will be there in next trading days.
We are planning to give intraday stock recommendation calls in near future.
Labels:
Nifty analysis
Tuesday, October 21
Nifty Today - 21-10-08 (update)
Our long call got activated but failed to achieve the target .This is not a failure of technicals because already nifty was having support at 3254 which we missed to post in blog.But we had intimated our clients to book profit at 3250.Care will be taken that this will not happen again.
Labels:
Nifty analysis
Nifty Today - 21-10-08
Just trade using the points given yesterday because the market is trading in the same range.
Additional trade will be going long above 3238 with the target of 3275.
Additional trade will be going long above 3238 with the target of 3275.
Labels:
Nifty analysis
Monday, October 20
Nifty Today - 20-10-08 (update 4)
We are here with attaching the intraday chart of Nifty (11:00 - 15:35). We had marked our points of recommendations in the chart itself.
As per the analysis given in our todays blog one would have done 4 successful trades
1) Go Long above 3165 to the first target of 3194. (29 points)
2) One can go for second trade above 3212 for the target of 3234 (20 Points)
3) Next trade opportunity: one can short below 3162 target 30 to 40 points (40 points)
4) one can go short below 3092 _ _ _ with the target of 3056. (34 points) ( -2 pts to target)
These are the trade calls given and one would have made profit of Rs. 6,150/- per lot (123 points) in Nifty futures.
More than this, You can observe in the chart that we have mentioned a black arrow, which clearly proves the power of technicals. ie as per today's update 1, we had asked to be cautious at 3212, you can witness strong reisitance over there.
Also Todays intraday High is 3238 ( + 4 points of Long target) and intraday low was 3258 (- 2 points of Short target)
As per the analysis given in our todays blog one would have done 4 successful trades
1) Go Long above 3165 to the first target of 3194. (29 points)
2) One can go for second trade above 3212 for the target of 3234 (20 Points)
3) Next trade opportunity: one can short below 3162 target 30 to 40 points (40 points)
4) one can go short below 3092 _ _ _ with the target of 3056. (34 points) ( -2 pts to target)
These are the trade calls given and one would have made profit of Rs. 6,150/- per lot (123 points) in Nifty futures.
More than this, You can observe in the chart that we have mentioned a black arrow, which clearly proves the power of technicals. ie as per today's update 1, we had asked to be cautious at 3212, you can witness strong reisitance over there.
Also Todays intraday High is 3238 ( + 4 points of Long target) and intraday low was 3258 (- 2 points of Short target)
Labels:
Nifty analysis
Nifty Today - 20-10-08 (update 3)
Even our third trade call of going short also achieved. Profit of Rs. 2000/- per lot (40 points).
Kindly remember our todays first blog and with the help of it you can even get more trading opportunities. But one important thing to remember as a trader is Avoid Over Greed and Over Fear.
Charts and details after market close.
Kindly remember our todays first blog and with the help of it you can even get more trading opportunities. But one important thing to remember as a trader is Avoid Over Greed and Over Fear.
Charts and details after market close.
Labels:
Nifty analysis
Nifty Today - 20-10-08 (update 2)
Our second trade target achieved.
Next trade opportunity: one can short below 3162 target 30 to 40 points.
Next trade opportunity: one can short below 3162 target 30 to 40 points.
Labels:
Nifty analysis
Nifty Today - 20-10-08 (update 1)
Our Long Call First Target achieved. Low risk trader can book profit. High risk traders can continue the trade for next target of 3234.(Be cautious at 3212).
One can go for second trade above 3212 for the target of 3234
One can go for second trade above 3212 for the target of 3234
Labels:
Nifty analysis
Nifty Today - 20-10-08
Market had opened with a gap up of around 50 points, then started moving down near to its yesterday close. From there it started range bound trading. It is expeced that market has more chance of going upwards in next few hours of trade. More resistance is seen at 3146. So Traders,
Go Long above 3165 to the first target of 3194.
On contrary one can go short below 3092 but it wil be risky trade because there are lots of support points at 3081, 3070 & 3063. If because of any bad sentiment if the trade gets activated, be cautious at the above mentioned points with the target of 3056.
Go Long above 3165 to the first target of 3194.
On contrary one can go short below 3092 but it wil be risky trade because there are lots of support points at 3081, 3070 & 3063. If because of any bad sentiment if the trade gets activated, be cautious at the above mentioned points with the target of 3056.
Labels:
Nifty analysis
Saturday, October 18
Is the Pain Over ???
Most of us had started showing interest in the Share Market only after 2001, after the IT boom. Investing or trading in Share Market is considered as a good option only after this period because it was giving high returns. To be true, it was the beginning of Bull Market.
OK, what happened in Stock Market before that. While we were trying to collect information about that, we came across the past datas in one of the site which we are presenting here in simplified way as a table. In the table each period whether downside or upide was not a non stop movement but has 10 - 15% rally or corrections in between.
OK, what happened in Stock Market before that. While we were trying to collect information about that, we came across the past datas in one of the site which we are presenting here in simplified way as a table. In the table each period whether downside or upide was not a non stop movement but has 10 - 15% rally or corrections in between.
With this past data, can we correlate our current trend after January 2008. If so, what interpretations can be made and what conclusions can we get?
As per this data, hope we are near to the bottoming of Nifty. This is our own interpretation, and details of it in another post. Any alternative thoughts, please do comment.
Labels:
Beginners guide
Friday, October 17
Nifty Today - 17-10-08 (Update 2)
We are attaching the intraday chart between 11.00 - 14.00 hrs. In this chart you can see
1) the entry point (relate it with our time of post)- 3258
2) Point at which Nifty had taken support - 3234 (Just see the power of technicals)
3) First Target - 3226 and
4) Second target - 3201.
By trading Nifty futures, one would have earned Rs. 2850/- per lot today
We had mentioned that 'Expect nifty Recovery at 3152',
Though Technically we were having strong Point near this level, Nifty failed to Take recovery there because of news which questioned the UPA Govt. stability (DMK MP's going to resign today evening).
Even with this failure of recovery, one who read our older posts could have managed to trade by shorting Nifty for another 72 points ie Rs.3600/- per lot. (As we were busy with our clients, unable to post that trade in the blog).
1) the entry point (relate it with our time of post)- 3258
2) Point at which Nifty had taken support - 3234 (Just see the power of technicals)
3) First Target - 3226 and
4) Second target - 3201.
By trading Nifty futures, one would have earned Rs. 2850/- per lot today
We had mentioned that 'Expect nifty Recovery at 3152',
Though Technically we were having strong Point near this level, Nifty failed to Take recovery there because of news which questioned the UPA Govt. stability (DMK MP's going to resign today evening).
Even with this failure of recovery, one who read our older posts could have managed to trade by shorting Nifty for another 72 points ie Rs.3600/- per lot. (As we were busy with our clients, unable to post that trade in the blog).
Labels:
Nifty analysis
Nifty Today - 17-10-08 (Update)
'On the other hand, One can go short if nifty breaches 3258, to the target of 3226,3201 ( some support is seen at 3234).' - Our both target achieved ( 57 pts)
Expect nifty Recovery at 3152 (support point for nifty)
More details and chart after market close.
Expect nifty Recovery at 3152 (support point for nifty)
More details and chart after market close.
Labels:
Nifty analysis
Nifty Today - 17-10-08
No trading Zone:3258 to3332
One can expect going Long only above 3332 to the target of 3365 ( some reistance is seen at 3354).
On the other hand, One can go short if nifty breaches 3258, to the target of 3226,3201 ( some support is seen at 3234).
One can expect going Long only above 3332 to the target of 3365 ( some reistance is seen at 3354).
On the other hand, One can go short if nifty breaches 3258, to the target of 3226,3201 ( some support is seen at 3234).
Labels:
Nifty analysis
Thursday, October 16
Nifty Today - 16-10-08 (update 2)
Just look at the chart above. You can see that recovery high was 3328 ie exact as what we mentioned as target in our second Long call.'go short below 3142 for the first target of 3111' - Target achieved (31 pts)
'going Long only above 3220 to the target of 3278' - Target achieved (58 pts)
'Go Long if Nifty trades above 3292 for target of 3328 ' - Target achieved (32 pts).
If one will be trading nifty futures with informations we are giving, today his earning will be Rs 6000/- per lot
Labels:
Nifty analysis
Nifty Today - 16-10-08 (update)
Trade Status:
Short Call- Activated and First Target achieved (3111).
Long call - Activated and Target achieved (3278).
More details and chart after market close.
As the recovery was great we hope there is one more trading possibility. Go Long if Nifty trades above 3292 for target of 3328 (only high risk traders can trade this because some reistance is seen at 3304)
Short Call- Activated and First Target achieved (3111).
Long call - Activated and Target achieved (3278).
More details and chart after market close.
As the recovery was great we hope there is one more trading possibility. Go Long if Nifty trades above 3292 for target of 3328 (only high risk traders can trade this because some reistance is seen at 3304)
Labels:
Nifty analysis
Nifty Today - 16-10-08
Yesterday our second target also achieved,
'If Market breaks 3354 and trades below that for five minutes, then go short for second target of 3328.'
Just refer the intraday chart.
What's going to happen today?
Market had witnessed a huge gap down opening of around 180 points because of weak global cues, liquidity issues around the globe and the most important thing is over fear about the market. Then there was a pull back of 60 points.
Market is in range bound between 3150 - 3212.
In traders perspective, One can go short below 3142 for the first target of 3111 and second target of 3070. (Adviceable to book partial profit at first target)
One can expect going Long only above 3220 to the target of 3278.
'If Market breaks 3354 and trades below that for five minutes, then go short for second target of 3328.'
Just refer the intraday chart.
What's going to happen today?
Market had witnessed a huge gap down opening of around 180 points because of weak global cues, liquidity issues around the globe and the most important thing is over fear about the market. Then there was a pull back of 60 points.
Market is in range bound between 3150 - 3212.
In traders perspective, One can go short below 3142 for the first target of 3111 and second target of 3070. (Adviceable to book partial profit at first target)
One can expect going Long only above 3220 to the target of 3278.
Labels:
Nifty analysis
Wednesday, October 15
Nifty Today - 15-10-08 (update)
'As per technicals, One can go short if nifty breaches 3402, to the first target of 3370.'
Today's Target achieved.
If Market breaks 3354 and trades below that for five minutes, then go short for second target of 3328.
Today's Target achieved.
If Market breaks 3354 and trades below that for five minutes, then go short for second target of 3328.
Labels:
Nifty analysis
Nifty Today - 15-10-08
The last 3 trading sessions are completely news driven and over-biased. If you had closely monitered, one can see that the closing on 08-10-08 and on yesterday both are the same i.e. 3513 & 3518 respectively. So it is once again proved that when ever the market is overdriven by news and making shift from technicals, it will again come back to the hands of technicals. But one point to note is that now bears became more stronger.
Today market has opened gap down of 70 points. Todays market will be range bound between 3410-3452 and this will be no trading zone.
As per technicals, One can go short if nifty breaches 3402, to the first target of 3370.
On the other hand, because of news about RBI's measure on financial crisis, One can go long if nifty surges to 3455 to the first target of 3484.
Depending upon the market's movement, we will be coming with the second target in the later part of the day.
Today market has opened gap down of 70 points. Todays market will be range bound between 3410-3452 and this will be no trading zone.
As per technicals, One can go short if nifty breaches 3402, to the first target of 3370.
On the other hand, because of news about RBI's measure on financial crisis, One can go long if nifty surges to 3455 to the first target of 3484.
Depending upon the market's movement, we will be coming with the second target in the later part of the day.
Labels:
Nifty analysis
Friday, October 10
Nifty Today - 10-10-08
We were expecting some bullish move as per technicals, but because of great fall in the US market in the last hour of trading(nearly 8%), there was lot of fear among our people and made a big gap down in first few minutes of trading.
Market had touched a new low of 3200 and bounced back to 3311 immediately. RBI announcement of CRR cut by 150 bps had taken Nifty only till 3396, and from there it was trading in range between 3300 - 3367.
As the IIP data has been out and much below expectation, again market will go below 3300 and continue downward. If Nifty failed to take support at todays low of 3200, then further panic will be seen. On the other side if it takes support at that level, then market will be trading in the range of 3225 - 3300.
Still Inflation data has to come and if it is in line with the markets expectation, then market may go to its previous trading range (3300-3367).
One can see a big recovery only if nifty crosses 3367 and trade above that point for 5 minutes.
Any how, Unexpected shift from Technicals, will make everyone blind and will make us to move in unknown direction.
Market had touched a new low of 3200 and bounced back to 3311 immediately. RBI announcement of CRR cut by 150 bps had taken Nifty only till 3396, and from there it was trading in range between 3300 - 3367.
As the IIP data has been out and much below expectation, again market will go below 3300 and continue downward. If Nifty failed to take support at todays low of 3200, then further panic will be seen. On the other side if it takes support at that level, then market will be trading in the range of 3225 - 3300.
Still Inflation data has to come and if it is in line with the markets expectation, then market may go to its previous trading range (3300-3367).
One can see a big recovery only if nifty crosses 3367 and trade above that point for 5 minutes.
Any how, Unexpected shift from Technicals, will make everyone blind and will make us to move in unknown direction.
Labels:
Nifty analysis
Thursday, October 9
Nifty Today - 08-10-08 (update)
Can anyone judge the market movement as we did? This is what we had mentioned during sun-outage yesterday.
'Nifty is now at 3360.20
Once market reopens expect recovery at 3328 or 3304 which are the major support points at this levels. If this happens then the market will be rangebound between 3328-3544.'
We are attaching the intraday chart of nifty, where you can see the two black straight lines at 3328 and 3544. As per analysis market was range bound between these points after sun-outage. Market took support at 3329 (difference of one point) and recovered to high of 3535 (shortage of nine points).
Market closed at 3513 which shows there will be some bullish movement in near short term. If markets open gap up and sustain above 3573 in the day, expect some surprise rally in subsequent trading days.
Bears Trap at 3484 for tomorrows trade.
'Nifty is now at 3360.20
Once market reopens expect recovery at 3328 or 3304 which are the major support points at this levels. If this happens then the market will be rangebound between 3328-3544.'
We are attaching the intraday chart of nifty, where you can see the two black straight lines at 3328 and 3544. As per analysis market was range bound between these points after sun-outage. Market took support at 3329 (difference of one point) and recovered to high of 3535 (shortage of nine points).
Market closed at 3513 which shows there will be some bullish movement in near short term. If markets open gap up and sustain above 3573 in the day, expect some surprise rally in subsequent trading days.
Bears Trap at 3484 for tomorrows trade.
Labels:
Nifty analysis
Wednesday, October 8
Nifty Today - 08-10-08
Just recollect the words we mentioned yesterday.
"Overall we are in deep forest of bears and we can get a ray of hope only above 3850 and we will be out of forest only above 4159".
Today market opened gap down of 150 pts and in lot of chaos and confusion, still moving downwards without knowing where to get recovery till this time (sunoutage 11.35-12.10). Nifty is now at 3360.20
Once market reopens expect recovery at 3328 or 3304 which are the major support points at this levels. If this happens then the market will be rangebound between 3328-3544.
Traders keep out of market as volatility will be more even today.
"Overall we are in deep forest of bears and we can get a ray of hope only above 3850 and we will be out of forest only above 4159".
Today market opened gap down of 150 pts and in lot of chaos and confusion, still moving downwards without knowing where to get recovery till this time (sunoutage 11.35-12.10). Nifty is now at 3360.20
Once market reopens expect recovery at 3328 or 3304 which are the major support points at this levels. If this happens then the market will be rangebound between 3328-3544.
Traders keep out of market as volatility will be more even today.
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Nifty analysis
Tuesday, October 7
Nifty Today - 07-10-08
Just Refer the chart attached in yesterday's blog. We had mentioned bear zone below 3617. Yesterday close was 3602 so it is difficult for bulls to move the market technically upside.
As there was lot of chances for bulls to move up today because of SEBI news about P-Note issues and RBI announcement of CRR cut, they failed to hold the gapup opening of 130 points. Also it failed to take support on both the levels S1: 3657, S2: 3617 (given yesterday).
Tough nifty tried to take support at S3: 3573, was not sustained in the later part of the day. As Per charts the next support exists at 3544 and 3508.
In traders perspective, todays market is of lot of volatility and is no trading zone. One can take long position only if nifty closes above 3657 (High risk traders) and 3850(low risk traders).
Overall we are in deep forest of bears and we can get a ray of hope only above 3850 and we will be out of forest only above 4159.
As there was lot of chances for bulls to move up today because of SEBI news about P-Note issues and RBI announcement of CRR cut, they failed to hold the gapup opening of 130 points. Also it failed to take support on both the levels S1: 3657, S2: 3617 (given yesterday).
Tough nifty tried to take support at S3: 3573, was not sustained in the later part of the day. As Per charts the next support exists at 3544 and 3508.
In traders perspective, todays market is of lot of volatility and is no trading zone. One can take long position only if nifty closes above 3657 (High risk traders) and 3850(low risk traders).
Overall we are in deep forest of bears and we can get a ray of hope only above 3850 and we will be out of forest only above 4159.
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Nifty analysis
Monday, October 6
Nifty Today - 06-10-08 (update)
Just watch the intraday chart of Nifty. As per our blog, Nifty failed to take support at S1: 3657. and struggled a lot to take support at S2:3617 (14:51 to 15:13), but had breached that level.
So Bears had won today. Next support S3: 3573.
Only close above 3657 today, Bulls have their chance to turn the scenario in their favour.
For next move watch today's close.
So Bears had won today. Next support S3: 3573.
Only close above 3657 today, Bulls have their chance to turn the scenario in their favour.
For next move watch today's close.
Labels:
Nifty analysis
Nifty Today - 06-10-08
On 01-10-08, we had mentioned that
"If Nifty sustains to close above 3965 (which is yesterdays Resistance), bulls have thier turn to move up. If Nifty managed to close above 4002 (which is next resistance), bulls gain full control to move upto 4159 nonstop rally."
But on that day Nifty closed at 3950. First Failure of Bulls attempt.
On 03-10-08, we mentioned that
"Considering todays movement, market is rangebound between 3883 - 3921. If nifty can cross 3921 it may face resistance at 3935 and above that see up move of 30 pts.
In the downside cross below 3883 expect support at 3850."
Though Nifty tried to take support exactly at 3850, it failed to sustain it and closed at 3818. Second failure of Bulls attempt.
Just go through the other line we mentioned on 01-10-08 "No need to worry about bears until some bad news make market to close below 3850."
As the close was below 3850, Bears started showing their power today by drowning Nifty nearly 140 points (3.5%). To know where they are going to take the market, let us watch today's market.
Todays Support. S1: 3657, S2: 3617.
If both the support is breached, then 'expect panic selling and new lows till XXXX in coming trading days'. ( as mentioned on 29-09-08)
"If Nifty sustains to close above 3965 (which is yesterdays Resistance), bulls have thier turn to move up. If Nifty managed to close above 4002 (which is next resistance), bulls gain full control to move upto 4159 nonstop rally."
But on that day Nifty closed at 3950. First Failure of Bulls attempt.
On 03-10-08, we mentioned that
"Considering todays movement, market is rangebound between 3883 - 3921. If nifty can cross 3921 it may face resistance at 3935 and above that see up move of 30 pts.
In the downside cross below 3883 expect support at 3850."
Though Nifty tried to take support exactly at 3850, it failed to sustain it and closed at 3818. Second failure of Bulls attempt.
Just go through the other line we mentioned on 01-10-08 "No need to worry about bears until some bad news make market to close below 3850."
As the close was below 3850, Bears started showing their power today by drowning Nifty nearly 140 points (3.5%). To know where they are going to take the market, let us watch today's market.
Todays Support. S1: 3657, S2: 3617.
If both the support is breached, then 'expect panic selling and new lows till XXXX in coming trading days'. ( as mentioned on 29-09-08)
Labels:
Nifty analysis
Friday, October 3
Nifty Today - 03-10-08
This is one good thing happening in todays market, that no panic seen even after drastic fall of 4 %in US market.
Considering todays movement, market is rangebound between 3883 - 3921. If nifty can cross 3921 it may face resistance at 3935 and above that see up move of 30 pts.
In the downside cross below 3883 expect support at 3850.
Considering todays movement, market is rangebound between 3883 - 3921. If nifty can cross 3921 it may face resistance at 3935 and above that see up move of 30 pts.
In the downside cross below 3883 expect support at 3850.
Labels:
Nifty analysis
Wednesday, October 1
Nifty Today - 01-10-08
Todays market movement was as per our expectation.
If Nifty sustains to close above 3965 (which is yesterdays Resistance), bulls have thier turn to move up. If Nifty managed to close above 4002 (which is next resistance), bulls gain full control to move upto 4159 nonstop rally.
No need to worry about bears until some bad news make market to close below 3850.
As tomorrow market is Shut because of Gandhi Jayanthi, Friday opening is purely going to driven by news about US Govt decision for $700 billion bail out alternative pack.
Avoid Over Greed or Over Fear, Lets move as per Technicals.
If Nifty sustains to close above 3965 (which is yesterdays Resistance), bulls have thier turn to move up. If Nifty managed to close above 4002 (which is next resistance), bulls gain full control to move upto 4159 nonstop rally.
No need to worry about bears until some bad news make market to close below 3850.
As tomorrow market is Shut because of Gandhi Jayanthi, Friday opening is purely going to driven by news about US Govt decision for $700 billion bail out alternative pack.
Avoid Over Greed or Over Fear, Lets move as per Technicals.
Labels:
Nifty analysis
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