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.