Stocks Making Money - the best nifty intraday,BTST, STBT tips and trading calls.: February 2009

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)