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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)