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NIFTY LEVELS FOR 30TH MAY


Nifty closed very weak, but will open with a gap up, due to global cues.

if 4877 not crossed in the opening gap, nifty will fall to 4830-4825levels. if 4825 is broken, we will tgt 4775. however if 4825 is not broke, chances are that nifty will give a strong pullback in days to come.

For a sustained upmove, nifty has to cross 4892 today

NIFTY LEVELS FOR 29TH MAY


THE EXPIRY DAY...!!! try and stay away, as not loosing is also a way of making money in the markets...

Nifty reversed yesterday, and closed on a very strong note., No, this is not the start of a bull run, we may see heavy selling again in the comming days, so plz be cautious.

for the day, nifty will open flat, and crossing 4940 can move to 4963-4981 max.

shorting advised only if nifty breaks 4898 with sl 4925 tgt 4872.

also since it will be a volatile day, risky traders can buy at supports and sell at resistance for intraday for max 15-20 points on each side.

NIFTY LEVELS FOR 28TH MAY


Nifty is very weak, and my tgt of 4775 fut is still open.

we might open , slightly positive and go up to 4865 to 4876.

after opening, if nifty comes below 4876 anytime, short it with sl of 4889.

4876 is a very imp level for the day, and nifty will see huge shorts if trading below this level.

NIFTY LEVELS FOR 27TH


nifty fut found support at 4860, and it traded in a narrow range for the day, today gonna be no different, nifty will try and get into a range till 10:30-11:00 am, and trade in that range.

i m still very negative on nifty and breaking 4860, it will fall to 4838 to 4824.

In case any recovery is seen, nifty can hit 4895 - 4916.

remember, it has to cross 4916 to show any strength in the near term.

for short term traders, breaking 4860, nifty will tgt 4775, sl at 4916


NIFTY LEVELS FOR 26TH MAY


Nifty has broken my short term trend line (red line in the chart) and i expct a fall to 4870 today.

now i think nifty can male a bottom around 4863-4870, however if this is broken, we will see a downward move to 4775.

there will be some panic for sure, as, nifty has been following the trend line from march onwards, and might , might loose all gains made since march.

so watch out for 4863 levels for support.

if nifty closes below 4870, dont book out of shorts yet.

Dow Weekly analysis


Hi Friends, as predicted last week, as soon as dow broke 13,050, it fell hard and closed at 12,483.

now i feel that dow will get support around 12,400, and consolidate.

i dont think this downward wave would extend below 12,400, if it does, then it will be difficult for bulls in short term to gain any support.

so keep aneye on 12,400 level.

So, if 12,400 is held, we will see 12,785 by next weekend, else 12,200 or below.



Nifty Levels for 23rd


Nifty was very close to breaking my range(the red lines in the chart), and i expct panic if 5000 is broken.

Today, nifty might open flat, and if trades above 5034, will be safe.

anytime below 5034, it will try to break 5000 levels.

Breaking 5000, nifty can fall to 4957 levels for intraday.

If nifty is unable to cross 5034, thn short it with 5061 SL, and hold it for tgts of 4957.

Nifty levels for 21st May


So nifty closed below 5100, and gonna crack today, anybdy who follows these levels would have been immensely benifitted.

In the gap down, we might hit 5039, below tht imp support at 5023-5000

now breaking 5000, nifty can hit 4964 for the day.

now what we need to watch is, if nifty closes below 5000.

if it does, then the bears are here to stay and we can fall to 4860 levels.

Nifty levels for 20th May


nifty may open slightly negative, and touch 5142

nifty is giving topping up signals, and one need to be cautious around these levels.

next long position should be initiated, once 5270 is crossed for a tgt of 5450.

but till 5270 crosses, it better to book out of longs and be on side lines.

for intraday, if nifty goes below 5142 anytime, it will show tremendous weakness and intraday shorts can be taken with SL of 5155.
breaking 5100, hold shorts as positional

DOW WEEKLY ANALYSIS


Dow showed strong up trend and closed the week at 12,972.

crossing 13,050, dow will hit a tgt of 13,210 in this week.

so anybdy if short, SL is 13,050.

as for our markets, we dont really follow Dow, but we take direction from it, and theres no denying that.

Most of the indian analyst are bearish on the markets, but charts still says that there is no reason to be so.

keep a close watch on dow, if 13,050 is not crossed, dow will continue its downward journey, and our markets would follow.

But crossing it, we might see a 2 day rally.

Nifty Levels for 16th May


Nifty looks very bullish in EOD charts, but everything depends on the inflation data.

We will open mildly positive and can hit 5140, now after inflation figures, wht we need to watch is 5080, if holds, nifty willl tgt 5176 for today.


breaking 5080 we will fall to 5001.

so dont be in a hurry, wait to watch 5080 for the day.

NIFTY LEVELS FOR 15TH MAY


Nifty will open gap up, and can touch 5080 again, crossing 5080, it might go up to 5104-5122

breaking 4998, will be weak, and can fall to 4973.

yes it will be a narrow range, so trade cautiously.

Nifty levels for 14th May


Just look at the power of technical analysis, nifty high and low was predicted very accurately through my charts.

just look at the chart, it is a little messed up, but if u see carefully, i have drawn 2 red lines showing the price trend, brake above or below this range will lead to serious rally or a fall on whichevr side the price breaks..

now the grey horizontal lines are the important fibonacci levels.

if u see there 5080 was predicted through it(a line at 5078, i rounded it to 5080)

also another line at 4962.

now if nifty breaks 4920 anytime, that would mean that the price would go below the red trend line, and we will see 4770.

so keep a strict watch at 4920.

Now for intraday, nifty if crosses 4981, can move to 5000-5015.

below 4981, it is gonna be damn weak, and will try and hit 4920 today..

if 4920 breaks, Sl will be 4965 on closing basis, with tgt of 4770.



Nifty levels for 13th May


Nifty is bullish and can touch 5080 foe the day.

If you look at today's nifty chart, it shows tht it got support at its trdne line(red lines) and moved up.

today, a closing above 5050 will confirm that nifty can go up to 5250-70 levels in this week.

hence forth, 5050 will be the SL for longs.

NIFTY LEVELS FOR 12TH MAY


Nifty is going to open weak following global cues and can dip to 4940-4920.

nifty should find support around 4920 levels, which if broken,nifty can fall to 4905-4889.

however if 4920 is held, nifty can go on to hit 5000 in the day.

NIFTY LEVELS FOR 8TH


Nifty is going to open gap down, and below 5110, nifty can hit 5070 , 5150 is the SL for the day.

i feel 5050 can be the bottomwhere one can start buying with 5000 SL on closing basis.


NIFTY LEVELS FOR 7TH


nifty closed weak as expected, weakness can continue today and nifty can hit 5093.

however 5090-1100 will be a strong support,and shorts if any has to be closed there.

For buying, go long above 5180, so if nifty trades above 5180, it can go to 5240 today.

remember this, the day NIFTY CROSSES 5272, IT WILL MURDER SHORTERS.

nifty levels for 6th May


nifty closed weak, and following global cues, will open gap down.

in this gap down, nifty can open around 5160.

now if nifty sustains 5155, thn it will have strength to move up, howevr breaking 5155, nifty can fall to 5135 for the day.

however nifty will stay weak throughout the day, and shorting at higher level would be a wise trade to take.

Nifty Levels for 5Th May


Nifty chart shows a Doji( sign of indescision) in EOD charts.

my chart shows that nifty is showing signs of topping, and might fall a bit from here.

Nifty fut closed at 5246, breaking 5245, it will fall to 5197-5176.

if 5245 is held, nifty can tgt 5288 for the day.

Nifty levels for 2nd


on the gap up, nifty can hit 5235-5245. if 5250 is not crossed, one can go short with 5251 as SL, for tgt of 5220-5204.

in case nifty crosses 5250, it becomes a strong buy for tgt of 5275-5290