NIFTY INTRADAY LEVELS FOR 23rd JUNE

Yesterday at EOD, the trendline didnt break...

today in case we open gap down, there is no point in shorting, and we should trade as per intraday trend.

However, if we close below 4190-4200 levels, i will take small shorts for a tgt of 4080-4050 levels

There is a good chance that 4190(34 day EMA) levels holds for intraday, so keep an eye on that level for any intraday bounce.

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 22nd JUNE

Bang..!! the trendline gives support and we saw a big recovery.

For intraday today, nifty shouldnt break 4270 levels, targets could be 4371-4391

Overall on closing basis, i will look at a target of 4392-4452 with a SL below 4270

NIFTY INTRADAY LEVELS FOR 19th JUNE

Hi Friends,

Hope you all missed the daily nifty updates when i was not here, but now i am back, and will try and send daily updates once again.

As of now i am not trading, and trying to get a hold of things back again. And depending on how my levels work, we will start serious trading again in next 2 weeks.So consider my levels only for educational purpose :-)

If you look at the attached chart, nifty is still in the medium term uptrend, and just just been consolidating here.Once black trendline(arnd 4200 levels) is broken, nifty will be in trouble, and may target 4090-4050 levels, where it will again get strong support.

and then if 4050 is broken, nifty should go on to fill the huge gap andmay tgt 37XX levels.

However this is just an overview of what lies ahead in the days to come.

As of now, i have a gut feel that 4200 - 4190 levels will be held, and nifty may give a pull back from there.. and targets could be 4350 levels.

we will have a clearer picture after friday's (weekly) closing

Resistence - 4288 - 4306

Support - 4263 - 4230 - 4195

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 5th MARCH & EFFECTIVE HEDGING STRATEGY

Hi Friends, in the last 2 months of flat and range bound markets, i have learnt a very effective hedging strategy which works wonders and makes good money quiet effortlesly.

i am gonna tell u the secret, however there is 1 condition , that a person using this technique should be good with technicals.

since i dont like to trade in options, also in rangebound markets buying options dont make much money, for hedging, i use Nifty & mini nifty.

for every 100 nifty(2lots) short, i buy 60 mini niftys (3 lots) and vice versa.

for example, i am having positional shorts from 2675 levels, and i am very sure of tgts below 2500.

but during closing today, markets looked like it may give an upmove, also dow futures suggested the same.so for every 100 short i bought 60 mini longs.

this way i am protected in a gap up, and any upmove that comes.this way i can also keep a big and a safe SL for my shorts.ideally nifty wont close above 2690 easily. so my strategy will be to book my longs close to it, and add more shorts there.another scenerio is.. suppose we got a big gap down the next day.....i will anyways be in profits as i have 100 shorts and just 60 longs.

so for 100 points fall, i make 10,000, and loose 6000, so 4k net profit.

now if you notice, i take bigger lot for the primary market direction, and hedge against it.so in case i go wrong, loss will be very small in all scenerios.

also we have the option of booking partial profits whenever u feel like.

by this wht i want traders to understand is that, its just another way of safe trading, as u dont have to worry about the time decay as in options.

u may not make big money by this method, but u will definately be in profits, or small loss if followed properly.

do wirte in to our google group if you have any questions regarding the same at - STOCKRESEARCHER@googlegroups.com

Now for the markets, nifty closed below imp support levels for 2nd day in a row.however may give an upmove due to the news flow.only a close above 2690 fut or 2720 spot will make me book out of shorts.

for intraday

supp - 2628-2613-2597

Resistence - 2661-2674-2691

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 4th MARCH

At last we did break down :-)

positional shorts can be held with a SL of 2640 on closing basis, and tgt of 2500-2457 and below.

for intraday, nifty cud give an upmove if trades above 2623 levels, tgt will be 2648

below 2623 there will be weakness, and support is around 2565 levels.

breaking 2565 we may see free fall again, so keep trailing it.

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 3rd MARCH

Finally a closing below 2690 levels, and could be a gap down tommorrow.

since the movements have been seen in last many sessions, so sl will also be small, and all positional shorts should have a sl of 2652 on closing basis with tgt 1 being 2565.

for intraday, trading below 2652, nifty will be weak, support exists at 2628-2601-2565 levels

resistence at 2652-2666-2680 levels

try and play short for the day till we trade below 2652

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 2nd MARCH

Hi friends, i have been getting lots of questions on where i am and why i havent been seen in the chat room.

well, i am in Netherlands for the last 2 months and will be here till 1st week of june. have come here for official purpose.

due to huge load of work & time difference, i havent been able to trade much.

i have been staying in a hotel here, however will be moved to an apartment in a week's time, and i promise to come to chatroom daily from then as i will have complete internet access :-).

now for the markets -

Again a dip & a pull back. these pull backs have started to scare me now, there will be a day where we may expct a similar pull back, and we may never really pull back.

i am totally out of positional trade, and will take up positional trades only once this range breaks.

for now, till 2690 holds on closing basis, i wont try shorts, and will short only if we get a closing below 2690 levels.

for intraday 2730 will be imp, and nifty will trade strong crossing it.

Resistence - 2730-2760

Support - 2690-2672-2645

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 25th FEB

Every dip is being bought into.we broke below 2691, but still didn't break down.

Dow is hitting 11 years lows, and we are still 20% higher than our recent lows.yes, its strange, but that the way the market runs, it will never make our job easy.

i read in some blog, that in case we hit a 7 year low, thn nifty will be at 900 levels :-D

well for trades.. break down or not, i will still consider 2690 important, and no shorts above it, or no longs below it.

if 2690 holds, we may see 2807-2846-2870 levels in this week.

Now for intraday, 2707-2690 is the level to watch, breaking which nifty may fall to 2650-2635 levels.
if the above level holds, 2755-2772 for intraday


(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 20th FEB

Another one of those days where nifty hardly moves, so be careful with trades, as most of the days u might get just 1 trade throughout the day, so make the most of it.

for today, nifty may se some weakness below 2773, and may fall to 2740-30 levels.

if yesterday's low of 2755 is held and nifty trades above 2773, it may turn bullish and may tgt 2801-2816 for the day.

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 19th FEB

If you look at the chart, its bottom trendline is around 2680 levels which will be considered as strong support as of now.

trading below 2750 spot levels, will take it to 2680 levels.

If 2750 is held, nifty may move up to 2822 levels where it will face strong resistence.

Stay away from longs till we close above 2822 levels.

Intraday supp - 2735-2680 Resistence - 2800-2822

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 16th FEB

I had taken shorts on thursday's closing, however it was a bad trade, and it went on to hit the SL due to huge recoevry tht we saw in dow during thursday's closing.

so as of now, i dont have any positional view.

however for intraday, 2925 will be important, breaking which, we may see 2906-2894.

if nifty holds 2925, we will see 2949-2962-2985 for intraday.

trade less due to budget news flow, and book small intra porifts.

also another closing above 2925 may take nifty to 3050, but as its really risky, i would suggest strict intraday trades for the time being.

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 13th FEB

"if we dont cross 2950 and close below 2905, i will carry positional shorts."

this is what i wrote in my previous update, and Dow is trading -200 as i m writing this :-)

trading becomes this easy when we stop thinking about whats happening in this world, and just concentrate on "TECHNICALS".

For today, 2895 will be a major level, and nifty will be weak trading below it.

also breaking 2870 is important, where nifty may tgt 2855-2830-2785 levels..

a closing below 2855 would mean more weakness in coming sessions.

further for intraday, if crosses 2895 may go on to hit 2930 levels.

as of now i will hold my positional shorts for the tgt of 2785 with SL of 2895 on closing basis.

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 12th FEB

Dow is trading flat to positive when i am writing this, but guessing that it may close positive, it will be a very intresting trading day here in india.

in case we get a gap up, i will try to short nifty with SL around 2955 levels.

if 2905 breaks for intraday, we may see, 2885-2855 levels.

in case we sustain above 2949, we will see 2980+ levels.closing above 2950, i will carry positional longs.

if we dont cross 2950 and close below 2905, i will carry positional shorts.

REMEMBER, AS THE MAIN TREND IS NOT VERY CLEAR, SO TRADE SMALL VOLUME FOR POSITIONAL

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 11th FEB

Nifty closed at a very bullish note, even after an intraday dip from its resistence of 2950.

ideally nifty is long till we close below 2840 levels for a tgt of 3050 levels

however as i am writing this, dow is almost -300, so its like a slap on the face for the bulls.

closing below 2840, sl becomes 2950 and downside tgt1 will be 2750 levels and more.

another concern now is, since we fell badly from the resistence of 2950 and we are getting a gap down, so it would mean, markets have to cross 2950 levels for bulls to look stronger again.

as you can see, from what i wrote , there is more weightage for bears as of now, so ideally, i will wait for a break of 2840 to take a position, else will strictly play intraday, till 2950 is crossed.

so watch for a break of 2950-2840 for a positional view.

For Intraday, -

supp - 2870-2840

Resistence - 2915-2931

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 9th FEB

Nifty closed near the higest point of the week, and with US markets doing good, will open gap up today.

It will face strong resistence around 2860- 2872 levels, and above it can tgt 2905 levels.

on the downside break of 2816 will make nifty weak, and may fall to 2802-2785.

Remember, 2785 is a very imp weekly level, and no holding shorts till we close above this level.

(60min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 4th FEB

The way we fell in the last hour from the spot resistence of 2820 levels, would have given a lot of hopes for bears.

now it would be simpler.. for positional, long above 2825, short below 2738.

on either side, the opposite will be the SL.

i am still short positionally, with SL 2845, now i will bring down my SL to 2825.

Now for Intraday.2780 is again the most imp level

Supp - 2756-2718-2705-2685

Resistence - 2802-2823-2843-2855

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 3rd FEB

Today i am uploading an EOD chart to show the triangle.

any break of this triangle can be big..!!

technically we should be short on Nifty as of now, with a SL of 2845, with 1st tgt as 2645 levels.

a break below 2640 can get a lot of strength for bears, and we may fall to 2501-24xx levels.

similarly, if crosses 2845 it can quickly blast to 2950 levels.

For intraday today,

Resistence at - 2751-2781(imp level)

Supp at - 2703-2687-2662

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 2nd FEB

Nifty yet again gave a wild upmove after a gap down opening.

For today, 2821 is a level which shouldnt break for nifty to maintain the upward bias.

play long if nifty trades above 2860 levels, tgt can be 2901-2917-2930

Short only if the nifty is trading below the range of 2834-2821, tgt can be 2789

another closing above 2860 today can give a good upmove in this week.

however this will be negated if we close below 2821

(60min Intraday chart attached, All Future Levels)

Yesterday, there was just 1 trade possible, short with day's high as SL, with 1st tgt as 2818, and nifty hit exactly that low before falling further.

numbers worked like magic there.

for today, my eyes are on 2796, and as a bear, i need a closing below this level to see 2580 in the coming week.

Also Dow closing below 8170-80 may mean that it may fall further down on friday's session.

For Intraday Support - 2796-2758-2739Resistence - 2831-2852

(60min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 29th JAN

2 strong upmove sessions, so whats next?

well, today's closing would hold key for further moves in nifty.

1 imp level to watch is 2862 - 2870 where nifty will face big resistence.

a closing above this level can take nifty further up till 2930 levels.

however closing below this level, and the way we close today will give hopes to bears again, and some downmove can be expected.

For Intraday - supp at 2818-2797-2765 resistence at - 2870-2889

(60min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 27th JAN

For intraday, nifty has been giving very small moves, and thus making trading very difficult for intraday traders.

Today, crossing 2672, nifty will hit 2690 levels, however longs will be safe only if nifty croses 2710 levels, where tgt 2727-2747.

Trading below 2672, support exists around 2651-2617 levels.

closing below 2690 levels will mean more weakness in the comming week.

(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 23rd JAN

2640 - THE ULTIMATE SUPP could be tested today, and if we dont break 2640, i will try intraday longs with the same SL.

another good trade would be buy crossing 2690 for definate 25-30 points profits.

yesterday(22nd) i booked out of shorts, and will open next round of positional shorts only if we break 2640 levels.till then will try some contarian INTRADAY longs.

not breaking 2640 in the next 2 sessions may pull up nifty towards 2820 as well, and thats another level where positional shorts may be tried.

one thing to note is.. i am not stressing on shorts for today, after a gap down, it will not be safe to short.

so 2640 & 2690 will be the key for today's intra trades.

(60 min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 22nd JAN

So, at last 2700 spot broke..!!

lot of analyst have been watching this level, and yes, its a major breakdown.

Yes, every rise would be shorted, and markets wont close above 2850 in a hurry.

so short every rise with a SL of 2850 on closing basis, immediate tgts being 2640-2575.

As a true bear :-) i desperately want a closing below 2640 today :-D

for intraday below 2690 we will see weakness, and support exists only arnd 2640 levels.

even if nifty shows intraday strength in comming days PLEASE DONT HOLD LONGS (till we r below 2850)

(60 min Intraday chart attached, All Future Levels)

2745 will be the key today, below that 2723-2703.

closing below 2745 may take nifty to 2634 levels.

however if we get a gap down, and recover, crossing 2745 buy for tgts of 2763-2777.

if closes above 2763, it would be bullish

(60 min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 19th JAN

2821 will be an imp level for the day.

breaking it, nifty may fall to 2778 levels.

sustaining above 2821, we may see 2848-2873 for intraday.

also closing above 2821 may take nifty to 2925 levels in this week, where it will face strong resistence.

(60 min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 15th JAN

I am just loving this, technical analysis at its best :-)

levels mentioned yesterday were 2815 on the higher side, and 2745 on the lower.nifty made a high of 2819 initially and fell to 2750 levels.

also markets being bullish, i assume lot of traders would have carried their long positions thinking of good upmove.however i had strongly advised that dont carry long positions as dow (US markets) have broken important support, and is headed 400 points down towards 8070 levels.as i m writing this, dow is already -270 :-)

now for today, nifty below 2745 will be weak, and breaking 2697 will head towards 2634 levels.

so i would short breaking 2697 with SL above 2745.

overnight longs are still a strict NO, as we r in a serious downtrend.

also, dont be in a hurry to take intraday position, as after a gap down nifty may pull up, and then sustaining below 2745 one may go short.

For further positional weakness, Nifty needs to close below 2745 today. The reverse is also true, closing above 2745, dont hold shorts, and wait for an upmove to short again.

(60 min Intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 14th JAN

My target was 2686, and nifty hit 2697 today, so anyone following the blog should have been short from 2905 levels, that's more than 200 points already :-).

now for today, just keep a watch on 2745.that's our Trailing SL for now, and we shouldn't hold shorts if we close above 2745.

closing below 2745, next target will be 2634.

Now for intraday, buy nifty crossing 2745, as on crossing 2745 nifty will hit 2770 at least (VERY SURE :-D ), may also go to 2815. SL will be 2715.

dow (US market) has given a breakdown, and may fall up to 8070 levels if closes below 8488 levels again, so that's around 400 more points. considering this, no positional longs are advised, and short on rise is the only way to make money. so every time you book out of positional shorts, just play intraday, and keep checking blog update to short again :-)

(60 mins intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 13th JAN

Nifty broke 2810 spot, and went on to hit our 1st tgt.
now trailing SL is 2790 on closing basis, so book shorts only if we close above 2790.

also keep any eye on DOw (US markets), any closing below 8500 levels will be very weak, and it may fall for another 2 sessions.

for intraday, major resistence exists only around 2790 levels, also some weakness will be seen below 2755.
nifty may go on to hit 2686 (IMP SUPPORT) and give a small bounce from there.
One thing that surprised me today is that even after breaking 2810 spot, nifty didnt have a free fall, and was reluctant to fall, so make sure u keep a trailing SL at 2790 levels for shorts.

still no buying advised, and any buying should be restricted to intraday only.



(EOD chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 12th JAN

On friday, i advised to hold shorts if we close below 2905, and tgt was 2763-2635.

today, i think we will hit the 1st tgt, where one should book partial profits, and wait to see if we close below 2810 spot for the day.

the next leg of downfall will come when we close below 2810 spot, tgt will be 24xx levels(only if we close below 2810 spot).

now for intraday, short when 2804 fut, or 2810 spot breaks, tgt will be 2763 levels.if at all nifty crosses 2866, one can initiate small longs for 20-30 points gain in intraday.

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 9th JAN

We saw a MAJOR breakdown, but however managed to close above the trendline.

now today we need to watch if we close above 2904.

if we close above it, don't take positional shorts.however a closing below 2904 would mean, nifty may hit 2763-2635.

also closing below 2800 spot levels may bring 2457 in nifty in short term, as 2800 spot is being watched by many analyst and traders around the world as a sacred level.

because of this major breakdown, don't consider positional longs till we close above 3050 levels

For intraday, all shorts shoud have a SL above 2904, and no shorting above it for intraday.

Traders may also try some small longs above 2904 for 30-40 points gain in intraday.

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 7th JAN

Nifty trading below 3063 will get very weak, and can fall up to 2980 levels.

Nifty fell from resistence yesterday, but recovered again showing how strong the up trend is.

i strongly feel that we will hit 3240 before any fall comes.

this is a strong uptrend, and rather thn selling at resistence, buying at support is the best strategy.

For intraday today, trading below 3111, i will short, where nifty may fall to 3065 levels.

sustaining above 3130, 3155-3182 will be the tgts.

3130 will be very imp for the day for any upmove.

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 5th JAN

If you look at the chart attached, nifty closed below the resistence trendline, however with the good news from the Govt. over the weekend, we will open gap up.

Now nifty may open around 3120, but if comes down and trades below 3080, may turn weak for intraday.

a closing below 3080 will be bad for the bullish trend.

if closes above 3080, may see 3200 as the next tgt...so for intraday, keep a watch on 3080 if sustains, play long, else short with day's high as SL

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 2nd JAN

Nifty closed above resistence trendline and is looking bullish in eod charts.

now next target comes as 3125 -30 levels.

however any closing below 2990 will negate this upmove, and all longs shoud have sl below 2990 on closing basis hereon.

for intraday, support exists at 3010-2990

resistence is at 3055-3082

however since the traders participation & volume is less this week due to holidays, i expect nifty to take proper direction next week only.till then try and keep your trades to intraday strictly.

(EOD chart attached, All Future Levels)