30 - 08 - 2010

Today Nifty

Ress @ 5417, 5429, 5442, 5450, 5466

Supp @ 5397, 5385, 5360, 5348

Nifty 19.07.2010

Nifty will be positive if it sustain above 5410. Resistance are at 5420, 5431, 5445, 5457. below 5375, 5360, 5352, 5340, 5328, 5303 are supports.

14.07.2010

In the above NIFTY chart we can see that it formed a CHANNEL pattern. Nifty will find resistance at the high of channel i.e. 5470. Hence fresh entries at the level 5470 to 5510 should be cautious.

12.07.2010

Today NIFTY above 5366, 5378, 5391, 5403, 5415 are Resistance and
below 5329, 5317, 5305, 5293, 5281are supports.

Nifty 30.06.2010

Today NIFTY above 5272, 5285, 5297, 5309, 5321 are Resistance and
Below 5240, 5229,5215,5203,5191,5179 are Supports.


CUMMINSIND:

buy above 600 tgt 609,612 S/L-590

sell below 589 tgt 583,581,577 S/L-599.

BAJAJFINSV:
BUY above 445 tgt 450,458,464 S/L-439

NIFTY17.06.2010

Today NIFTY above 5250, 5271, 5288, 5295, 5300, 5310 are Resistance and
Below 5215, 5203, 5191, 5179, 5150, 5143, 5120 are Supports.

NIFTY FUTURS:
buy above 5250 tgt 5272, 5285, 5297 S/L-5230.
sell below 5209 tgt 5195, 5180, 5175 S/L-5220.

TATAMOTORS
buy above 788 tgt 801, 807, 811 s/l-775.
TATASTEEL
buy 498 tgt 507, 513 s/l-490.

NIFTY 11.06.2010

NIFTY above 5109, there are possibilities to touch 5153, 5197 and above 5197, 5210, 5260 can be achievable. On downside break of 5035, 5005, 4967 will act as supports.

Today Nifty above 5104, 5116, 5128, 5140, 5153, 5176,5197 are resistance and
below 5045, 5035, 5026, 5014, 5002 are supports.

NIFTY FUTURS:
buy abov 5114 tgt 5159 S/L- 5090.
sell below 5057 tgt 5012 S/L- 5085.

RELCAPITAL:
buy abov 680 S/L- 665 tgt 700,710

NIFTY 10.06.2010

NIFTY have a major Support at 4960 levels. Below that 4922, 4870 are good supports. Below 4870 bearish trend will come and nifty may fall further 100 points.

Today Nifty above 5017, 5036, 5052, 5066, 5076, 5110are resistance and
below 4985, 4977, 4955, 4942, 4931, 4908, 4889 are supports.

NIFTY FUTURS:
buy abov 5011 tgt 5023, 5035, 5050 S/L-4990.
sell below 4960 tgt 4950, 4938, 4925 S/L- 4985.

NIFTY 03.06.2010

World markets positive bias will lead our market in green.Nifty above 5051 will make a good upside till 5121 act as resistance. A close below 4990 will be bearish.

Today Nifty above 5032,5044, 5051, 5068, 5091, 5103, 5115, 5121are resistance and
below 5003,4995, 4983, 4971, 4960 act as supports.

Intraday NIFTY.

Buy above 5034, tgt 5068, 5084 S/L 5004
Sell below 4973 tgt 4950, 4924 S/L 5000.

NIFTY 02.06.2010

NIFTY above 4988, 4998, 5003, 5017, 5036, 5052are important resistance and
below 4960, 4954, 4921, 4904, 4889, levels will act as supports.

Intraday Recommendation
ABGShip buy above 246 sl 244 for targets 252, 258. and
if falls below sell at 241 s/l 243, for target 236, 230

NIFTY 01.06.2010

Nifty above 5084, 5096, 5108,5120,5156,5170,5190 will be resistance and 
below 5072, 5060,5049,5037,5025, 5001 are supports.

NIFTY 31.05.2010

Today NIFTY above 5076, 5088, 5100, 5112, 5124, 5160 are RESISTANCE

and Below 5052, 5040, 5029, 5017, 5005, 4970 are SUPPORTS

We regret for inconvenience occurred in our service.

NIFTY 19.05.2010

America and European Markets are ended with 1 to 1.5% losses. SGX NIFTY is trading in negative with 90 points down. Hence we have possibilities to open Gap down. A major support is on 4966. Below the level we may have a significant down.

TODAY NIFTY
Above 5121, 5134, 5146, 5158, 5178, 5194 are Resistance and
Below 5050,  5040, 5029, 5017, 5001, 4994, 4985, 4966 are Supports.

NIFTY 14.05.2010

NIFTY above 5185, 5194, 5204, 5216, 5228, 5240 will act as Resistance and
below 5163, 5158, 5146, 5135, 5123, 5111.

It seems NTPC AND ONGC might be positive in coming sessions.

NIFTY 13.05.2010

Nifty above 5188 it have high possibility to reach 5232, 5278 levels. The support is at 5100 levels. Below 5100 there might be a good correction in short time.

Today Nifty above 5174, 5186, 5198, 5205-12, 5223, 5250 are resistance and
below 5140, 5133, 5119, 5100-5097, 5073, 5061, 5050 are good supports.

NIFTY 12.05.2010

NIFTY above 5150, 5163, 5199, 5210, 5223, 5240 are Resistance and
below 5119, 5112, 5100, 5092-89, 5068, 5050, 5030 are Supports.

The Volatility Index VIX of NIFTY is in 3 week high.

NIFTY11.05.2010

Today If NIFTY cross above 5200, the resistance are at 5210, 5221-28, 5236, 5244-49, 5253, 5260, 5282.

And below 5190, 5187, 5178, 5160, 5142, 5138, 5116, 5108 will act as Supports.

HAPPY TRADING

NIFTY 07.05.2010

Today if NIFTY cross above 5115, 5120, 5134, 5157, 5185, 5200 will be Resistance.


If breaks 5080 the downside supports will be at 5052, 5034, 5017, 4992

NIFTY 04.05.2010

Today if Nifty cross above 5237, 5244, 5252, 5263, 5280, 5291, 5301 will be resistance and
below 5210, 5202, 5187, 5178, 5160, 5137 are supports.

Buy Educomp abv 698  for tgt 708, 717+, s/l 691
Watch Hero Honda, Edserv, cybertech

Nifty This Week

Nifty will be in range between 5160 to 5430 levels. The break below or above the points will have a significant rally. Still if NIFTY cross above 5299 it will face Resistance at  5311-15, 5331, 5361, 5385, 5400 and below 5214 the supports at 5200, 5182, 5160, 5134, 5112-08.

Recommendation:

CIPLA formed a Cup and Handle Pattern in the Daily Charts. It can be bought at 345-350 for target 368, 372, 380, 400, 410 with s/l 325.

Feedback: Our Recommendation TATAMOTORS given at 21.04.2010 reached the first 3 targets.

Our next Technical Analysis Class is on 09.05.2010. Those wish to join can contact us on these numbers. 98655 12373, 99523 36881.

NIFTY 30.04.2010

If NIFTY cross above 5272 it will head towards 5287. Above 5287 the resistance lies at 5311, 5342.
But if NIFTY falls below 5229 the support is on 5200 and below the level 5160 will be a good support.

Today NIFTY
above 5272, 5287, 5311, 5320, 5337-42 are resistance
below 5230, 5220-15, 5203, 5191, 5160 will be supports.

Nifty 29.04.2010

Below 5280 we said Nifty will see a downside movement with a support around 5219 on yesterday. And the same happened, and Nifty closed below the support level of 5219. There will be further down if Nifty cross below 5192, if happens 5160, will be a good support, and if it fails 5123, 5037, 5000 will act as supports.

Above 5229 the up move is possible with resistance around 5250, 5279, 5307.

Today NIFTY above 5222-28, 5250, 5267, 5282, 5307 are resistance and
Below 5198, 5186, 5160, 5150, 5126, 5100 are supports.

NIFTY 28/04/2010

Nifty close above 5347 will hit 5400 level and above 5400 there seems a good upside possibility.

A close below 5280 might start the downside movement. There will be supports at 5253, 5227, 5219 will be good supports for this down.


Today Nifty will go up above 5313 whereas 5325, 5340, 5362, 5376, 5401 might resist the rally and
below 5303, 5292, 5280, 5268, 5244, 5232, 5227 will support the fall.

NIFTY 27/04/2010

5400 will be a major resistance for Nifty up move. Above 5400, 5426, 5449 will do the job.

A close below 5230 may lead the Nifty in downside.

Today above 5334, 5353, 5365, 5390, 5402, 5414 will be resistance and
below 5310, 5300, 5294, 5282, 5222 will be supports.

In coming week if nifty trade above 5368, it may see 5400, 5437. Above 5437 if nifty sustains, it may head to 5870 levels.

And below 5160, the support is on 4980. If the level breaks there will be a huge down fall.

Our Recommendation TATA MOTORS  given yesterday  reached the first target 854 exactly. (High 854.70)
Today NIFTY RESISTANCE at 5279, 5286, 5298, 5307-5310, 5332, 5346, 5396 and 

SUPPORT at 5240, 5237, 5225, 5200, 5196, 5184.

BANKINDIA formed RISING HEAD & SHOULDER  pattern.

we recommed buy ABOVE  382 target 390, 402, 414 with S/L - 365.

22- 04- 2010

Today NIFTY above 5253 , 5269, 5283, 5293, 5306 are resistance and  support at 5234, 5225, 5213, 5201, 5185.

RECOMMENDATION

TATA MOTORS formed 'CUP AND HANDLE Pattern' in the Daily Chart. (See Chart above). If it cross above 816, it will find more upside move in coming sessions.

We recommend to BUY above 812-817 for target 854, 865, 876 and 915 with S/L of 778.

Today NIFTY 20/04/10

As we said before, NIFTY fall around 100 pts. and reached our target yesterday.

On the downside of NIFTY, 5159 will act as a major support. Whereas if the level broken the next level will be 5100. And it is likely visible that there will be up move from the level.

If NIFTY close above 5252, 5280, 5308 will slightly stop the move on upper side. Above 5308 there will be 50 points rally.

Today NIFTY above 5217, 5233, 5241, 5257, 5265 are Resistance and
Supports at 5162, 5138, 5123, 5115, 5103.

This week Nifty

NIFTY has support on 5290 shown on charts. Below the level it may have a down move where the support is on 5235, as we said in the earlier post.

We expect a quick fall below 5235 and below the level the FIBONACCI retracement  level 5123, 5037 will act as a good supports.

On upside move above 5315, there are resistance at 5337, 5364. Above 5364, 5464 will be a heavy resistance.

16-04-2010

Today NIFTY above 5291, 5306, 5320, 5335, 5346  will act as Resistance and
below 5270, 5259, 5247, 5220, 5210  as Supports.

Today NIFTY 15/04/10

It is clear in Daily Charts that for the past few sessions NIFTY is trading in a range of 5290 - 5400 levels. A break on either side might give us about 100 to 110 points. Still we have resistance at 5442, 5455, 5467 and supports at 5247, 5235, 5222.

Today NIFTY above 5330, 5350, 5363, 5387, 5400 will act as Resistance and
below 5313, 5301, 5290, 5277, 5253, 5241, 5229 as Supports.

Buy SBIN if close above 2112 for tgt 2137, 2146, 2154 with s/l 2080.

We regret for the inconvenience caused yesterday. As we conduct TECHNICAL CLASSES on last Saturday and Sunday, we apologize that we can't update the blog yesterday.

If NIFTY close above 5410, it have tendency to reach 5450, 5500. Supports will be at 5312-5300, below 5300 it may fall to 5230.

Today NIFTY above 5345, 5350, 5363, 5399, 5412 are RESISTANCE and
below 5321, 5309, 5285, 5273, 5261, 5230 are SUPPORTS.

09-04-2010

  

                                                           TODAY NIFTY abov 5310, 5316, 5328, 5340, 5365  Resistance and  below 5290, 5287, 5275, 5250, 5239, 5220 are SUPPORT .

Today NIFTY 07/04/10

NIFTY formed a DOJI Candle in the top. Today's move will decide the further direction of Nifty. It have potential to move above 5407. On downside 5278, 5210 are Supports.

Today NIFTY above 5380, 5391, 5403, 5428, 5440 Resistance and
below 5355, 5343, 5331, 5307, 5283 are Supports.

Happy trading.

Today NIFTY 06/04/10

As per expectations, NIFTY closed above 5310. It will reach the next targets of 5420, 5440. On down side 5249 and 5220 will act as Supports.

Today NIFTY above 5372, 5382, 5394, 5419, 5440 will be Resistance and
Below 5337, 5325, 5315, 5292, 5270 will be supports.

Buy RANBAXY above 480-485 for target 490, 495, 500 with s/l 475

Today NIFTY 01-04-10

A close above 5310 will make Nifty to touch new highs.

5225-5200 will support the Nifty from its down side move. If 5200 breaks, it might see 5100, 5030.

Today above 5265, 5279,  5285, 5292-96, 5310 are Resistance and
below 5234, 5222, 5210, 5186, 5174, 5162 will act as Supports.

Today NIFTY 31/03/10

It is very clear in the chart that the NIFTY cannot sustain above 5310. However it manages to open in positive note yesterday, but closed below the mentioned level. A close Above 5310, Nifty can touch 5350, 5400 and for downside it should close below 5195.

Today NIFTY above 5272, 5281-89, 5310-13, 5326, 5338, 5350 are Resistance and
below 5249, 5242, 5220, 5200-94, 5183 will act as supports.

29-03-2010

                                    TODAY NIFTY  abov 5290  resistance  at 5297, 5310, 5322, 5346, 5360

    below 5270   support at 5256, 5220, 5184.

As said on last week, NIFTY cannot move beyond its DOUBLE TOP level 5293and formed CHANNEL in the zone. In coming sessions NIFTY have tendency to raise above 5290 however have a resistance at 5310 level. Also the 15day RSI indicates OVER BROUGHT in NIFTY. The negative trend penetrates only a close below 5200.


In coming trading days, 5310, 5326, 5344, 5371 will be resistance and below 5200, 5125, 5110-00, 5050 might be supports.


Our last week call, CANBK reached all the targets, ABAN managed at 1180, RELCAP reached 1st target. RELCAP can be considered for next week too. Above 787 it may touch 800, 805.

Today NIFTY 26-03-10

Nifty formed Double Top in the Daily Chart. If it break the Top, that is 5279, it will reach 5310 and 5322, with minor resistance at 5287, 5292. For the downside below 5200, 5170 and 5135 will act as supports.

Today Nifty above 5265, 5271-79, 5283-5287, 5292, 5310 will be Resistance and
Below 5250, 5242, 5224-18, 5195 will be Supports.

Intraday Recommandation

Buy RELCAP 770-775 for tgt 783, 791, 800 with s/l 765

Today NIFTY 25/03/10

Nifty formed a 'Channel' in Daily charts. This may create a  heavy downside below 5070, but in the interim with minor supports at 5158, 5100.

Today Nifty above 5233, 5248-51, 5261-65, 5273, 5285, 5292-97 are Resistance

and below 5210, 5199, 5192, 5187, 5175, 5165, 5140 will be Supports.

Intraday Recommandation

Sell ABAN below 1170 for tgt 1160, 1155 with s/l 1179
Buy Canbk above 402 for tgt 407, 411 with s/l 396

Today NIFTY 23/03/10

The next upmove is possible only if Nifty move above 5292. Today if Nifty Holds above 5226, 5239, 5242, 5255, 5269 will be Resistance and below 5192, 5174, 5158 and 5100 will be Supports.
As expiry is nearing there will be high volatility. Day traders should be cautious in their positions.

This Week NIFTY

In the above NIFTY Weekly Chart, it is clear that the 5292 level act as a major resistance. Nifty cannot break the level and formed a double top in the zone.

In coming sessions, if nifty cross 5292, then the next level will be 5479 which is 78.8% of FIBONACCI Retracement.  Close below 5097 will signal a negative trend. On downside 4885 will act as a good support, below that 4792 will hold the Nifty, which is also 61.8% of FIBONACCI Retracement.

Today NIFTY 19/03/10

Nifty have tendency to raise above 5250 today, above the level it have frequent resistance for every 10 points till 5089. Exceeding 5289 will have good up move. As the expiry is on coming week, it is advisable to be cautious on every up move.
Today above 5250, 5264, 5276, 5289, 5301, 5313 will be Resistance and
Below 5231, 5195, 5160 and 5148 will find good supports.

Intraday Recommandation

Buy IVRCL Infra abv 175 for tgt 182, 185, 188 with S/L 172.

Today NIFTY 18/03/10

If NIFTY cross above 5292 to 5295 then it might reach our next target of 5350 and 5400. But it is safe enough to book 25 to 50% of Profits here.
Today Nifty above 5236 may face resistance at 5246, 5258, 5271, 5295 and
below 5220, 5201, 5189, 5166, 5130 will act as supports.

Recommendation
(Positional) Buy SCI abv 158.50 tgt 172, 180 with S/L 151.
(Intraday) tgt 163, 166 S/L 156.

Today NIFTY 17/03/10

As said before, yesterday NIFTY reached to its 1st target (5205) of the 'Cup pattern' and closed below the level. The next target is on 5350. But, Selling pressure likely to rise in the interim. This may lead Nifty to 5137 and 5124.
Today if Nifty holds above 5205, will find Resistance at 5220 to 5227, 5238, 5250. and below 5183
Supports at 5170, 5151, 5142, 5137, 5126.

NIFTY TODAY 16/03/10

For the Past 5 to 6 trading sessions Nifty is range bound between 5065 to 5150 levels. Break out on either side would give a clear trend.
Today Nifty above 5131 to 5135 would face Resistance at 5145, 5156, 5169, 5178, 5200. and below 5123
Supports on 5116, 5100, 5075, 5050.

INTRADAY RECOMMANDATION.

Buy STER abv 825 for tgt 839, 842 with s/l 820.

FOR INTRADAY:  TCS buy abov 801 tgt 810, 815,  S/L 795.
                                sell HDIL below 299 tgt 292, 298  S/L 302.

This Week NIFTY

As said on Last week Nifty Closed above the Cup Pattern (see last week post). It may likely to have a up move if sustains 5158 levels. 

5182 to 5187 will act as heavy resistance and above that 5205, 5227, 5254 and 5300 will act as Resistance.

For Bearish trend Nifty should cross and close below 5092 to 5084. Downside support will be on  4997, which is also 34 EMA.

Today NIFTY

Yesterday Nifty touched the Resistance 5137 and closed below it. Today it can cross 5140 zone. As we already said some of the indicators are in Over Bought stage.
Above 5140, 5150, 5169, 5172 will act as Resistance, and
Below 5118, 5100 will be a good Support. Nifty will have Downfall only below 5092. As said before below 5092, 5064, 5050, 5000 will be good supporting points.

11/03/10

11/03/10

NIFTY formed Head and Shoulder Pattern in Intraday charts (see above chart). If Nifty cross 5120 then it will find supports at 5137, 5142, 5164, 5172, 5185. On downside below Nick line 5064, 5050 and 5000 will be good supports.

10/03/10

Today Nifty above 5110 may face heavy resistance on every 10 points till 5155. Above 5155 it can touch 5179, 5200. But Nifty seems to be in Over bought category.

Below 5090 supports will be 5085, 5068, 5016, 5000.

Avoid taking positions today.

09/03/10

Today if NIFTY cross above 5130 it may face Resistance at 5145, 5156 to 5160, 5172, 5182. 

Below 5114 find Support at 5100, 5089, 5069. Below 5069 Nifty might have a fall.

Intraday Recommandation:

ANANTRAJ Buy abv. 133 for tgt 137, 142 with s/l 129.

This week NIFTY

NIFTY formed 'CUP' pattern in EOD charts, if it cut the high Nifty can breach upto 5237, 5355 levels. Nifty may see Resistance at 5162, 5182, 5210. On Downside, the Support will be 5015 to 5000, 4935. Below 4935 it can fall 4886, 4836.

05/03/2010

Nifty formed 'CUP' pattern in yesterday intraday chart. If Nifty break the above cup high, it can touch 5103, 5121. One downside it should break 5055 to 5050 levels. Nifty will face Resistance at 5103, 5110, 5117, 5121, 5130, 5141 and Supports at 5039, 5000, 4993, 4966, 4936.
RECOMMENDATION
PATELENG Buy abv. 450, tgt 470, 482, S/L 427. For Intraday tgt 455, 462, S/L 444.

4/03/10  NIFTY CROSS ABOVE 5090 TO 5095, IT MAY TOUCH 5100 TO 5110, 5112 TO 5117, 5122, 5130, 5141 TO 5146, 5171, 5201. ON DOWNSIDE, NIFTY SHOULD CROSS BELOW 5065. THE NEXT LEVELS WOULD BE 5050, 5039 TO 5031, 5000, 4993, 4966, 4936.
INTRADAY RECOMMANDATION
ABAN BUY ABV 1225, TGT 1240, 1254, S/L 1212
YESTERDAY OUR RECOMMANDATION SBI MADE HIGH 2025.90. FIRST 2 TGT'S REACHED.

today NIFTY if cross abov 5030 to 5032 next RESISTANCE at 5053,5064 to 5067, 5074,5087,5110.
if cross below 4998 SUPPORT at 4986,4965, 4954, 4877.
 SBIN  closed abov  RESISTANCE 1960 and yesterday foming DOJI STAR. so buy abov 1990 with S/L 1900 tgt 2099,2140.
intraday  tgt  2015,2023,2032  S/L 1974

BHEL all target reached. Today high 2449.90.

Intraday Recommandation
Sell REL CAPITAL target 780 reached. Given at 787.

This week NIFTY if  close above 4950 for one or two days may touch 5058,5106, 5153
if sustains above 5153 may see previous high 5200,5300.
if below 4736, 4671, 4659 see a good support, if close below 4659 it may fall 4503.