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NIFTY INTRADAY LEVELS FOR 31st DEC


First of all, wish u and ur family a very happy and blessed new year.


now coming back to the markets, if someone would have read the blog yestrday, should have made huge profits intraday(hopefully). thts the only reason i keep telling, forget all news, views, and just concentrate on levels to make money.


for today i am uploading a nifty futures EOD chart to show that nifty faced strong resistence arnd 3015 and fell from there.


now for today, if we open gap up, and sustain 2990 levels, nifty may go on to hit 3053 levels for intraday. NO SHORTING IS ADVISED TILL WE CLOSE BELOW THE TRENDLINE, as closing above 3055 may take nifty to 3240 levels as we..today only and only if we close below 2990, one may go short and hold it positionally with the day's high as SL.


however this will not be a completely safe trade, as, market only becomes a short if closes below 2842 levels as of now.


intraday support exists around 2957 levels



(EOD chart attached, All Future Levels)


NIFTY INTRADAY LEVELS FOR 30th DEC


2880 is the key today, longs above it, shorts below it.

we saw serious recovery yestrday, and closed well above 2842, so next positional shorts will be only once we close below 2842 levels.


also keep an eye on reliance, which i feel is showing some weakness for some time now on closing basis, i have a gut feeling that during the next fall, reliance ind is going to lead the fall.


if we open gap down, and hold 2880 levels, then go long above 2906 with SL 2880.a closing above 2906 today will mean nifty will tgt 2986-3015 levels.


if breaks 2880, i will try to short with SL above 2906 .


(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 29th DEC


Nifty trading below 2904 will be weak, however we need to watch if we trade and close below 2840 today.


2840 will hold the key for this weeks's nifty movement.if nifty is able to close above 2840 for 2 sessions, we may move up to 3005 levels,


however closing below 2840 will make nifty very weak, and it will be shorted at every rise for tgt of 2687-25xx levels


further for intraday, 2881 is a level to watch where nifty may face some resistence and then at 2904.


supports are at 2840-2811-2780


(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 26TH DEC


Merry christmas to one and all.nifty fell straight to 2904.50 as mentioned on the blog(2906) in the last update on 24th.
for today nifty sustaining below 2935 would fall to 2867-2842.
Further, if sustains above 2935 today, we may see 2950-2986 for intraday where it will again face strong resistence.
for a positional view if nifty closes below 2842 in the days to come, then nifty becomes SELL on every rally with a tgt of atleast 2570 levels.
(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 24TH DEC


Nifty will be very weak trading below 2987, and a closing below 2987 would mean that nifty will hit atleast 2906 before any upmove.
However if crosses 2987 for intraday, will go on to hit 3015.
try and trade both ways
(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 23rd DEC


Nifty will be weak trading below 3020, and will go on to hit 2986 for intraday.

if trades above 3045, will move up to 3071 atleast.

as u can see in the chart, nifty is trading close to the trendline(black line), so if closes below it, ie. below 3020 one can carry shorts for the tgt of 2906.

however if nifty again attempts to close above the trendline, thn we may see close to 3200 very soon.

today's closing will give nifty a direction.


(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 15TH DEC


Nifty didnt stay or close below 2836, and it gave a big upmove from the lower levels on friday.

it seriously is a difficult time for a positional trader, as market is not letting anyone short, and longs seems very risky with all the bad news around.

so intraday trade is the only way to survive now.

for intraday today, if 2916 is not broken, and nifty crosses 2940, it may blast up to 2992 levels.

trading below 2916, nifty will be weak and may fall to 2853 levels.

keep strict SL for all trades, and try and avoid trades till 10:30 atleast or till u understand the trend.



NIFTY INTRADAY LEVELS FOR 12TH DEC


a closing below 2836 today would mean that nifty will target 2757-2658, with a SL of 2920 on positional basis.

yesterday, nifty faced resistence at the higher trendline, so i expect some downside in the comming week.

if closes below 2836 today, i will carry my shorts with 2920 sl

NIFTY INTRADAY LEVELS FOR 11th DEC


Hello friends, after this long break, i m gonna update my blog daily now on with the imp nifty levels.


Nifty has given a vertical upmove, and its difficult to take a positional view till a dip comes.


resistence now at 3028-3047.further for intraday support exists at 2915-2887.


i would strictly advise traders to keep their trades to intraday only, and yes, positional shorts is not really option right now, so please avoid it.



(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 4th DEC


Nifty EOD chart says, i am highly confused and dunno where to go :-D.

nifty is on a downtrend, but i am surprised to see how it is reluctant to fall.

every dip is being bought into, and shorts are not at all comfortable.

now in terms of levels, till nifty is below 2755, it will be on a downtrend, and if closes above 2755, may quickly go to 29xx, where it will give a good shorting oppurtunity :-).

for intraday today, below 2655, nifty is weak and may see 2552 levels, however if crosses 2655, may blast to 2680-2697 levels.

a closing below 2655 will be considered as weak.

i personally feel, nifty may give a sudden upmove before it resumes its downtrend again.

(60 min intraday chart attached, All Future Levels)