Nifty Levels for 29th Feb

The settlement was on a strong note, however that doesnt give us any picture.

today is the big day, the BUDGET. plz try and stay out today.

Nifty has strng supp at 5224- 5200, if it is taken, thn we can see 5180-5150.

i feel, 5180 will be tested once today.

on upside, there is huge resistence around 5288 levels.

my call for the day will be to look for shorts at evry rise, till nifty doesnt break 5288.

Nifty levels for 28th

another weak closing for nifty, if a gap up, nifty will face resistence at 5298, and if 5246 broken it will fall straight to 5200-5197.

in case 5197 is broken, it would call for positional shorts with tgt of 5057-4950.

i feel, its gonna be another direction less day, trade with strict SL.

Nifty Levels for 27th feb

A gap up today would mean a breakout from the triangle, keep a SL of 5298 for the day and stay long.

as predicted yesterday, dow has to rally for another day, looking at that, nifty can tgt 5400 by expiry. Support at 5300-5275, resistence at 5358, 5375

Nifty Levels for 26th Feb

Again charts showed how accurate it can be, if you look at the bar of 25th, it touched high of 5220 levels as suggested by charts.

So going by the same levels, SL for the day is 5152, and above 5224, we will see rally till 5367 levels. Call it our accuracy in predicting, or luck,however as i have been saying above 5224, there will only be a one way move, thats what it is gonna be.

Also it was an important day for dow, i was carrying a feeling that if dow was positive last night, it will rally for 2-3 days, so if dow stays above 12450, it will go to 12700+ in this week, and all world markets will rally. now what is gonna help us is again the bears :-), they will cover the shorts and make money for us again(All Fut Levels)

Nifty levels for 25th Feb

Nifty closed on a very weak note on firday, but a gap up would take it to a comfortable position.

now what we need to see is weather we can cross 5224 in nifty.

if we do cross 5224, we will see 5360 by expiry for sure.

again if 5098 is broken, i will be very cautious.

so the level to watch out now is 5224 for the bulls, coz above 5224 it will be only a one way move. ( All Future levels)

Nifty levels for 22nd feb

Nifty yesterday made a higger low at 5081 and reversed, the upmove was strong and open intrest reducing suggested short covering.

with bad global cues, i think we will open down however i strongly feel that nifty is a good buy at that dip.

Sl for the day can be 5125, long target is 5218-5242-5316(all fut levels)

Nifty levels for 21st feb

Our closing was good, nifty showed some short covering. i feel that nifty has taken support at 5080 levels and will show a small upmove to 5170-5261 levels. if a selloff comes agn dwnside tgts will be 5000-4875.

trade very cautiously today, we may reverse from any of the levels, be alert and book quick profits.

Nifty Levels for 20th

Nifty is defntly weak, my levels for the day are at 5262, 5170, 5084.

on the upside, nifty will gain strength only above 5380-5400 levels.

nifty is strictly moving accordingly to technicals, and a positional trade would have been perfect, however with volatile global markets, its not safe to carry overnight positions.

for today, i see RIL as very weak , and will lead the downfall.

nifty futures below 5242 will fall quickly.

so a safe trade would be short at rise.

Nifty Levels for 19th

we might open gap up, and there we will see no buying intrest, so a good call would be to short

opening high can take nifty to 5348 levels,shorts are advised there, supports for the day is 5261,5177,5086.

Nifty Levels for 18th

Nifty charts shows lot of strength, and i see a target of 5401, however we are facing selling pressure, at every rise. so our strategy to trade is to go long at a dip, shorts are not yet advised at these levels, however all longs should have a strict SL.

5180-5200 is a strong support for nifty at this point of time.

I had stopped a lot of people to carry longs, and thy didnt like it thn, the result is infront of all of us. i repeat, NO OVERNIGHT POSITIONS PLZ.

we will open gap dwn, and the level to watch is 5123, which if not broken, we should agn move up towards 5282+ in cash

Nifty levels for 14th.

There u go, so we closed above the resistence of 4898, and touched a high of 4987. this is a technical pull back, which shud take us to retracement level of 38.2, ie, 5174.

now be very cautious there coz a cross over can take ut to 5400 levels, but if we dont sustain there the fall cud be hard and quick.

still overnight positions are not advisble, however whn we touch 5174 and if we dun sustains, it will call for positional shorts for sure.

so trade cautiously.

Nifty levels for 13th feb

Hi frnds, well nothng new here, nifty closed very weak again and is still in sell zone, however with good global cues, we will see a bounce, now level to watchout is 4895, we will defntly be a gap up, but this level is sure to be watched.if by today and tommorrow we dun see nifty cross and close above 5171, we may agn fall quickly to 4895 levels.

so trade cautiously, dont jump into buys, may be we might get a shorting oppurtinity around 5171 levels

Nifty Levels for 12th Feb

Well charts tell you all, its sad that we rather than lookn at these charts follow word of mouth, news and rumours.

look at this nifty chart, if you see the bar for 8th, we closed below my support line(5174).

and we fall big time on monday.

now for monday closing, is below my support of 4985, also below 200DMA (4979).

well we all feel that we r botomming out, and we should move up, however charts dont yet suggest that.

now 4895 will be a resistence, and a closing above will only show some ray of hope. on the dwnside, we may touch 4710( remember this level while tradn today for sure) and recover.

the red lines that you see is called FIBONACCI levels, which is used in conjunction with other indicators, however by just following these levels and not knowing anythng else atall, u can trade successfully more than 80% times.

so please stat respecting these levels.

as of now, short on evry rise till we are not above 4895.

Nifty Levels for 8th feb

Niftyt shows a breakdown, as said earlier, just wait to short, no longs at all.

Nifty's last leg 5000 shud be tested today, and if broken tgts can be 4898, 4600.

For futures, mu eyes would be on 5045,which if broken, will see 4800 for sure in FUT.

strict advise: if we see nifty taking support and moving up, thts not a buy, its just wait to sell again.

Nifty Outlook for 7th feb

Evrybdy is bearish,and i wanna take a bullish view here.

i strongly feel, that we will see higher levels before we fall again.

5400-5420 is again going to be a resistence,however i feel that we can cross it, and once crossed, we will see 5650 levels.

Nifty Levels for 6th feb

Well, EOD charts looks bullish, and tgt of 5600+ is seen, HOWEVER, with bad golbal cues, we would also be pulled down.

now what we need to see is, if we ar able to close above 5400. if we do then the current uptrend will continue, if not, thn 5200-500 levels can be revisited.

Nifty outlook for 4th feb

It sure is gonna be an interesting day. very important day for nifty. based on global cues we might open close to 5400, and then the action starts. if we break 5400 and sustain, we will see 5625 soon.

if 5400 not sustained, we may fall to 5036. (all cash levels)