NIFTY INTRADAY LEVELS FOR 30TH JUNE

Nifty is still looking very weak, and every upmove will be resisted.

for intraday, nifty will open close to 4060, and if 4060 is held, it will move up to 4133.

nifty might not cross 4133 for the day.

for the downside, if nifty sustains below 4095 during the day, it will see some weakness, and on breaking 4060, it can fall to 4047-4014 for the day.

i still dont see any trade to long nifty as US markets (DOW) is also weak and will fall anthr 300 points to 11,000 levels during this week.

so 4095 is the SL for all shorts in nifty now on. above it some longs can be initiated for intraday for the tgt of 4133.

NIFTY INTRADAY LEVELS FOR 27TH JUNE

indian markets have been weak, and just rollover, and some manipulation in R group stocks pulled us higher, may be to short more at those levels.

nifty on a gap down can open around 4190-4168 and make another low( previous low 4093) of around 4080.

really there is no support and nxt closest target for nifty will be 3990.

for intraday, after the gap down, it can see some massive action , which could be either way, so may be a pull back of 50-70 points.

but an ideal trade would be not to play long, but to wait and short.

NIFTY INTRADAY LEVELS FOR 26TH JUNE

Today another settlement day, and yes, it will be very volatile.

nifty if holds 4220-25 can go up to 4307-4324

i am positive , however if opens gap up, avoid buying there, rather wait for it to cool off a bit.

avoid shorts for the day.

NIFTY INTRADAY LEVELS FOR 25TH JUNE

Nothng new here, the breakdown continues. market should have open flat , however with the RBI's hike in intrest rates, i dunno where it can open, or go.

will however post some technical levels here.

if nifty holds 4100-4080, it can give a bounce till 4198 today.

if 4080 is broken... 4018 cann be the bottom.

it will be very difficult to trade as cant be longed, coz we dunno where its gonna stop, cant be shorted, coz it cud prove fatal shorting at such lower levels.

i will update the rest of the levels by looking at live markets in the chat room.

Disclosure - the levels mentioned today, might not hold any relevence for the trading day, so avoid trading by these levels. and confirm in the chatroom for any trade.

NIFTY INTRADAY LEVELS FOR 24TH JUNE

every high is being shorted, and this will be the trend, for another few months to come.

with just 3 sessions for expiry, it is again gonna be volatile, but intraday traders can make a lot of money if they are able to trade the correct levels.

nifty will open flat and move to 4287 to 4307.

now if 4307, is not crossed, downside can be huge and nifty can see around 4220-4190 today.

on crossing 4307, nifty will see some covering, and can hit 4326-4354.

i personally feel, tht nifty can see smoe short covering till 4354 levels, however i m sure tht big guys will short every resistence, so my advise is trade with strict SL, and keep booking small profits.

FOR POSITIONAL TRADERS, NIFTY IS A SHORT CLOSE TO 4400 FOR TGT OF 4102, TO SEE WHERE I GOT 4102, U CAN REFER TO THE CHART. NIFTY MIGHT NOT CROSS 4400 FOR SOMETIME.

NIFTY INTRADAY LEVELS FOR 23RD JUNE

Nifty charts shows serious breakdown, and where it is going to stop, is a question that is difficult to answer.

for today, nifty will open around 4240, and can fall to 4191.

now if 4191 is broken, nifty's nxt support is around 4080. the way nifty has broken down, every rise will be a short, and any thoughts of buying should be avoided.

from hereon, 4400 is going to be a stiff resistence.

DOW WEEKLY ANALYSIS

Hi Friends,

dow cracked another 200+ points on friday to end at 11,836.

if we look at the weekly chart, dow is at a major support level. if we dont get a pullback on monday, and dow breaks 11,800, then it can fall another 400 odd points to 11,450 levels.

with all news flows, this is going to be a crucial week, with bears having the upperhand.

NIFTY INTRADAY LEVELS FOR 20TH JUNE

Nifty traded in a small range, and was unable to cross 4525.

for today, nifty crossing 4525, can see some short covering and hit 4550-4610.

however if it is not able to cross 4525, it is going to be very weak, and can fall to 4450-4405 levels for the day.

the trend is down, however i personally expect some upmove. Inflation data will be the key for the day's movement.

i wont comment on how it can effect the markets, but will keep a watch on 4525 for any direction.

NIFTY INTRADAY LEVELS FOR 19TH JUNE

At last our positional shorts showing colors.

today nifty will see 4525, now we need to see how markets react there. we can very well bounce from there, however, if 4525 breaks, it will be complete chaos, and a total breakdown.

we have averaged our shorts around 4630-40 levels, i would request the traders to book 50% at 4525 levels ( the lots tht we shorted arnd 4630, so 100 points :-) ) and keep holding rest 50%, tht way our average will also be good , and this will be a comfortable position, so that we can take more shorts if markets move up frm 4525.

now for intraday, nifty breaking 4525, will fall to 4492-4480 for the day.

4480 will be the ultimate support, and if broken - - - > knock knock 4000 ;-)

so trade using these levels, and trade confidently.

NIFTY INTRADAY LEVELS FOR 18TH JUNE

yesterday, nifty was flat for the most part, but surprised all with a rally led by RIL & SBI( i thot they cud be weak for the day).

nifty crossed my upper target and cooled off a bit.

today nifty can open around 4611, and only on breaking this level, nifty will be weak.

and can fall to 4589 - 4549.

however if nifty crosses 4640 again in the day, it can rally up to 4705.

well i have been advicing on positional shorts, and myslef holding the same.

4705 is our SL on closing basis for all positional shorts.

Nifty has huge resistence around tht level, and downside is expected from there.

NIFTY LEVELS FOR 17TH JUNE

Nifty showed strong movements in the beginning, but couldnt sustain 4600.

today, markets will open flat, and nifty might try to make a small upmove, but will be strongly resisted around 4600-4610

However if nifty doesnt cross 4610, it will be very weak.

i as a nifty trader will wait to see if 4571 breaks, if it does, nifty can be shorted with SL 4588 tgts will be 4524-4509

on the long side, nifty is bullish above 4586, will try to hit 4633-4640 levels

however i will be cautious playing the long side, as 2 BIG GUNS - SBI & RIL will be extremely weak today.

Infosys also not giving any bullish signals.

NIFTY LEVELS FOR 16TH JUNE

Nifty showed nervous movement on friday, and will open gap up due to global cues.

after a gap up, it wont be easy for nifty to rally rightaway, and if 4550 is not crossed in the gap up, it can fall to 4494.

however i feel, nifty will get strong support around 4490-4500 and can move up.

if 4450 is crossed, nifty can rally up to 4653, where it would be ideal to take positional shorts again depending on the situation.

NIFTY LEVELS FOR 13TH JUNE

Nifty moved up strongly on crossing 4420, but this rally can be short lived.

today we will open slightly in green, and if 4550 is not crossed, nifty will have some serious problems.

nifty fut breaking 4500 today can fall to 4422 levels.

support at 4500, resistence at 4550 - a very important zone to watch

NIFTY LEVELS FOR 12TH JUNE

Nifty was trying to recover some lost grounds, however with a gap down , it will be hit hard again.

in a gap down, nifty willopen around 4452, and fall till 4415.

after the gap down, if we get nifty around 4430-40, that time it can be shorted for a tgt of 4392 for the day, sl 4455.

if 4392 is not broken, nifty can pull back till 4450 for closing.

a target of 4200 is still wide open, where some buying will emerge.

NIFTY LEVELS FOR 11TH JUNE

Hi Friends, i couldnt update my blog for the last 2 days due to internet problem at home, it will be updated daily henceforth.

Nifty made another low for the year yesterday and moved up, so have we made the low for the year?? well i dont think so. nifty charts shows 2 dojis which is a signal of in descision.

but i think, we might get a small upmove before nifty tests its next support at 4200.

for today, nifty has to cross 4475 for any sustained upmove.

above 4475, nifty will hit 4550.

a closing above 4475, will confirm that 4200 is not comming in this week.

however if nifty breaks 4403 today, it will be very weak, and we might make another low for the year.

NIFTY LEVELS FOR 6TH JUNE

Nifty broke 4550, and reversed from 4525, closed on a strong note, also will open gap up....... so bulls hit back strongly.

today, nifty crossing 4720, will hit 4761-4781 , however sl is going to be as low as 4630.

now if anytime nifty breaks 4630 in the day, shorts should be initiated for the tgt of 4610-4590.

dont go long after a gap up, coz high inflation MIGHT effect and even if nifty doesnt fall, atleast we will get lower levcls to buy.

closing above 4640, can take nifty to 4870 levels early next week.

NIFTY LEVELS FOR 5TH JUNE

Nifty atlast hit my ultimate target of 4550, so what now??

today i will watch 4550 carefully, breaking it, nifty will hit 4472 as the immediate target.

if nifty holds 4550, i might try to go long with a sl of 4531 for intra target of 4617-4638.

but frankly, i m still not comfortable buying, nifty will give first hint of reversal from here only once it crosses and closes above 4642, till then, evry rise will be shorted.

NIFTY LEVELS FOR 4TH

Nifty found support around 4620 levels and moved up, however tgt of 4550 is still wide open, and evrybdy should be very cautious about going long.

when markets fall so hard, and with all bad news around, buying wouldnt be a good idea.

breaking 6020 we will fall to 4550 levels, and if that is broken, huge downside is possible.

however i strongly feel that 4550 would be held, and one can try to go long around tht level with sl of 4545.

for today, nifty on the gap down can open arnd 4670 levels, below 4671, it will be weak, and intra buying advised only whn nifty is above 4671

if breaks 4660, i will go short with sl at 4685 for the tgt of 4620-4591 intraday.

NIFTY LEVELS FOR 3RD JUNE

Nifty closed on a weak note, and is going to open another gap down.

all large caps has also broken important support levels.

now market needs some solid news to reverse from here, else evry 40 points upmove will be shorted.

closed at 4722, nifty can open around 4670 levels and go on to hit 4640.

4640 is an important support, however we have seen all kind of support break pretty easily.

so next level would be 4555 breaking 4640.

NIFTY LEVELS FOR 2ND JUNE

Nifty closed on a weak note, however as said on friday, its unable to break the low of 4820. Even today, this could be the low for the day, which if broken,nifty will test 4750.

however nifty not breaking 4820 today, will rally atleast 200 odd points in the comming days, so go long with 4820 as the SL tgt of 5020-5050, for intraday, nifty if sustains 4820 will hit a high of 4886-4923