Nifty levels for 31st march

Hi friends, nifty showed great strength on friday and closed at 50% fibonacci retracement level if u look at my chart, and it is gonna continue till 61.8% levels (see chart)

for today, buy nifty above 4970, sl 4945, tgt will be 5050-5075

above 5000 nifty shud gain momentum and move quickly.

BUT, make sure all profits are booked arnd 5050-5075 levels, Longs can only be held, if we see a closing above 5080 levels.

Nifty Levels for 28th

we saw a doji in nifty charts in yeaterday's closing (indescision), today we will get the confirmation.

in case we are gonna close below 4791, take some positional shorts with SL 4848 (positional)

nifty will come to positional buy only above 4922.

for intraday, nifty is a short below 4760.

or buy above 4862, SL 4845

Nifty Levels for 27th

Nifty faced a lot of resistence, and couldnt move higher.

also note that RIL didnt cross its resistence of 2350.

considering these factors, i feel that we will have another red closing.

4848 is a big level (resistence) now.

only cross over can show some magic. for the day low can be at 4753 .

no buying advised.

Nifty Levels for 26th

Nifty on the upside can tgt 4963 to 4995 for the day.

i feel in the 2nd half, some selling would come, where an intra short can be take breaking 4906, tgts can be 4848(a very imp level)

again plz trade small volumes till expiry.

Nifty levels for 25th

we have our own momentum today plus a gap up, so double bonus

today watch 4682, above 4682, we will tgt 4722, 4791 fut.

support for the day at 4641-4621.

as it is the expiry week, so defntly gonna be very volatile, so either dont trade, or trade in small volume but boldly(bigger SL).

Nifty Levels for 24th

Nifty will open gap up, and shud take a dip at opening.

weather selling continues, that we will have to wait and watch.

below 4641 fut, nifty can be boldly shorted with SL as 4641.

for nifty to gain strength, it has to sustain 4641.

below 4641, tgts are 4600-4570.

Intraday longs can be taken only if nifty crosses 4672

Nifty levels for 19th

we again took support at my support line of 4481 for the 2nd consecutive day.

so anybdy can guess wht will happen when it is broken.

as of now if nifty goes 4641, it will be a perfect short.

short it with positional view with tgts of 4481-4377.

any buys shud only be initiated when we get a closing above 4641.

Nifty levels for 18th

Only if charts could talk...!!! just look at yesterday's low on my charts.

that support line was indicated 1 week back.

now breaking 4481, we will see 4420(jan's low) and then 4377. any shorts should now have a SL of 4481.

however if nifty finds support at any of these levels, nifty has to sustain 4641, for any upward rally.

so with so many resistence levels on upper side, its always wise to wait for any rise to short again.

Nifty levels for 17th

Nifty will open a gap down, now the level to watch is 4641, if this is not breached, we will bounce up, so go long with sl as 4641(intraday).

i feel that after a gap down nifty will recover 50-70 points, so one can take risk with less exposure.

now in case 4641 is broken, positional shorts can be opened with targets of 4481.

nifty is definately in a bearish phase, and i prefer to short at rise than to go long.

Nifty Levels for 14th March

nifty has broken down in EOD charts, and the downtrend is here to stay.

Sensex breached its Jan low, but intrestingly nifty hasnt.

shorts are still preffered for the day with SL as 4641.

support exists at 4481- 4420.

resistence at 4641, 4668.

Nifty Levels for 13th

Nifty made a massive reversal yesterday, and proved it that, it wont go above 5000 for some time now.

Till nifty closes above 5052, just follow one strategy, short evry rise.

today, after breaking 4798, go short with SL 4798 for tgt of 4638

Nifty Levels for 12th march

:D :D :D hi friends dow closed 420++++

do i need to say anythng?????

we will open 5000++ and hopefully move above 5052.

now 5052 will act as an important support, and above 5052, 5181-5224 may come.

go long with sl as 5054.

Nifty Levels for 11th March

Hi friends, we had an awesome closing, but dow screwd it up again..

below 4700, we have supports at 4638.

once again, dont try bottom fishing, try a long if we are above 4726., any good move in nifty will come only if we close above 4798.

till thn bears will have upper hand.

Nifty Levels for 10th March

Hi Friends, there has been no respite in global markets, they are falling, so are we. All support levels has become just jokes.
today, suppost exists at 4572-4480-4420(jan lows), if these supports are broken, we will fall to 4022.
however i strongly feel that there will be a pullback in Dow, and are markets of 200-300 points before we fall again.
i wouldnt suggest buying here, coz in such beaten down conditions, we should never look for bottom fishing, rather we will wait to see a reversal.
definately no shorting at these levels however. try and stay out.

Nifty levels for 7th March

Nifty closed on a strong note on wednesday, but global markets can pull it down.

on the upside crossing 4934, it can go to 5052-5075 levels.

however on the downside, i see trouble if 4825 is broken, however i wont short here.

i would go short heavily once 4792 is broken, tgts will be 4600 levels(Positional).

Nifty Levels for 4th

Hi Friends, nifty again closed on a weak note, however, i am beginning to see the light at the end of the tunnel.

i strongly feel, the bottom is close, and people who wanna start buying can do so today.

today, i will watch 4824 , tht is whr we will reverse, or thts the max we will fall.

i have a strong feeling, that by friday, we will see higher levels than what we r today at.

we have closed below 200dma, quiet a few times, and immeduiately bounced back. this might happen again.

till 12-1pm, we might have tested the bottom of this fall, so keep a SL at day's low, and go long.

Risky players can collect some 5200calls, and average it if we fall more. also remember that u might loose 100%, so plz buy according to your risk appetite.

its available at 85, can tgt 200+ in 2 weeks time, i wont keep a SL, however will average again at 65 levels if i get.

Nifty Levels for 3rd march

Hi friends, could this be another Black Monday?

yes, it sure can. we will open a big gap down, now what we should watch is 5052, which if taken short heavily with SL as 5052.

nifty might show false recovery in the day, however i dont think it will be sustaind.

if we end up closing below 5052, we will see 4700 levels. (all fut levels)