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

NIFTY INTRADAY LEVELS FOR 23rd JUNE

2009-06-22T23:35:00.002+05:30

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

2009-06-21T22:49:00.002+05:30

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

2009-06-19T01:02:00.002+05:30

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

2009-03-05T02:11:00.001+05:30

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

2009-03-04T01:37:00.002+05:30

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

2009-03-02T23:20:00.002+05:30

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

2009-03-01T23:05:00.002+05:30

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

2009-02-24T22:56:00.001+05:30

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

2009-02-19T23:18:00.002+05:30

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

2009-02-19T00:11:00.001+05:30

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

2009-02-15T23:18:00.000+05:30

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

2009-02-13T01:14:00.001+05:30

"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

2009-02-11T23:31:00.001+05:30

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

2009-02-11T00:45:00.002+05:30

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

2009-02-08T21:30:00.002+05:30

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

2009-02-03T23:23:00.002+05:30

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

2009-02-02T23:33:00.001+05:30

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

2009-02-01T14:45:00.001+05:30

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)

2009-01-30T00:14:00.001+05:30

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

2009-01-28T23:34:00.001+05:30

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

2009-01-26T19:30:00.003+05:30

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

2009-01-22T23:25:00.001+05:30

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

2009-01-22T08:55:00.003+05:30

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)

2009-01-20T23:42:00.002+05:30

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

2009-01-18T22:48:00.001+05:30

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

2009-01-14T23:31:00.001+05:30

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

2009-01-13T23:34:00.001+05:30

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

2009-01-12T23:32:00.001+05:30

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

2009-01-11T23:26:00.001+05:30

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

2009-01-08T23:17:00.001+05:30

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

2009-01-06T22:38:00.001+05:30

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

2009-01-05T00:14:00.001+05:30

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

2009-01-01T22:34:00.001+05:30

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)

NIFTY INTRADAY LEVELS FOR 31st DEC

2008-12-30T23:11:00.001+05:30

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

2008-12-29T23:38:00.001+05:30

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

2008-12-28T23:12:00.001+05:30

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

2008-12-25T23:12:00.003+05:30

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

2008-12-24T00:22:00.003+05:30

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

2008-12-22T23:12:00.002+05:30

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

2008-12-14T21:56:00.000+05:30

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

2008-12-12T10:14:00.000+05:30

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

2008-12-11T09:20:00.001+05:30

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

2008-12-04T01:08:00.000+05:30

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)

NIFTY INTRADAY LEVELS FOR 27TH NOV

2008-11-27T00:30:00.000+05:30

aroung 2800-2834 is a very dangerous zone for nifty a cross over of 2834 would mean nifty crossing a resistence trendline thats haunting the bulls since aug-sept 2008.

i wouldnt hold overnight longs till nifty closes above 2834. this time if nifty doesnt sustain 2800 levels, may fall towards 2490 levels.

For intraday, it will be weak below 2755 levels, and trading below it, may see 2707 levels.

if sustains above 2755, will hit 2800 levels.

again will be a highly volatile day.

NIFTY INTRADAY LEVELS FOR 26TH NOV

2008-11-26T00:16:00.001+05:30

We waited to short above 2800, but that never happened and nifty kept on falling.

for intraday, nifty will be weak below 2635, and another closing below 2655 may take nifty to 2541-2527 levels

only if trades above 2655 may go on to hit 2750 levels again.

(60 min intraday chart attached, All future levels)

NIFTY INTRADAY LEVELS FOR 25th NOV

2008-11-25T00:34:00.000+05:30

though there is huge intraday volatility, nifty is still bullish, and the next fall will come only after market sees close to 2838 levels.

my gut feel is ( 85% sure) that market wont cross 2838 on closing basis, however gut feel shud never be trusted, and we will trade with SL only .

i will definately take short position in the range of 2800-2840 levels, and hold with SL above 2840 on closing basis.

i am not saying that we will fall heavily from those levels, but it can surely give 150-200 points in positional trade.

today for intraday, supp is at 2688 and resistence around 2770-2786 levels.

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 24th NOV

2008-11-24T00:58:00.001+05:30

2838, yes thts where i see big resistence and dont expect nifty to close above it soon.

In case, we get a big gap up, keep an eye on 2838. Not crossing this level, nifty may fall rapidly in comming days.

if manages to cross above this level, then we will see 2915 levels .

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 24th NOV

2008-11-24T00:58:00.000+05:30

2838, yes thts where i see big resistence and dont expect nifty to close above it soon.

In case, we get a big gap up, keep an eye on 2838. Not crossing this level, nifty may fall rapidly in comming days.

if manages to cross above this level, then we will see 2915 levels .

(60 min intraday chart attached, All Future Levels)

2008-11-21T01:22:00.000+05:30

weakness will be seen if nifty below 2535, and next support at 2451.

in case we open a gap down, and we cross 2535, nifty may blast up to 2556-2575 levels again.

overall view is still bearish, and nifty would see strong resistence around 2630 levels in next few trading sessions, i expect a good fall from there, so keep that level in mind :-)

(60 min intraday chart attached, All Future Levels)

2008-11-20T00:35:00.000+05:30

Nifty broke an important level of 2640 and closed below it, and thats going to be the SL for anybody who is short.

Next support is at 2540 levels.

for intraday if trades above 2640, may go on to hit 2673-2694 levels.

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 19th NOV

2008-11-19T00:41:00.000+05:30

For today, nifty may retest yesterday's low once and may hold arnd 2640 levels.

2720 should be the SL for any shorts.

if trades above 2720, may hit 2765 levels for intraday, where it will again face resistence.

as of now, market still doesnt have much direction, and is just moving in a small range, so no positional view as of now...only if closes below 2640, the traders who are holding positional shorts, may still hold on, else one should book out and keep trades strict for intraday only. a closing below 2640 may show straight 2455 levels

(60 min intraday chart attached, All Future Levels)

NIFTY INTRADAY LEVELS FOR 17th NOV

2008-11-16T11:38:00.000+05:30

Nifty intraday chart shows easy trades for comming days.

if you look at the attached chart, 2752 is the 50% level of the entire upmove, also it has the trendline there.

so this means, that a closing below 2752 would take nifty to 2630 levels, and if that breaks, thn new low for the year.

now looking at the way nifty is forming a cluster(support) around 2770 levels, in case we hold 2752 and cross 2874, one can go long with SL 2750 for tgt of 3026, where we will again short heavily.

keep this chart handy as this is gonna be very important for trades in comming 5-6 sessions.

(60min intraday chart attached, All fut levels)

NIFTY INTRADAY LEVELS FOR 14th NOV

2008-11-13T22:18:00.000+05:30

Nifty will be weak if trades below 2886, and closing below 2886, nifty may target 2752-26xx levels in the comming week.

holding 2886, nifty may hit 2949-3065 as well as market has got double dose of good news in terms of good IIP no.s and lower Inflation.

after wednesday's closing, charts looks very bearish, however today's closng will show us the way of whats gonna happen in comming days.

in case markets closes below 2886 i may hold/carry shorts .

(EOD chart attached, All future levels)

NIFTY INTRADAY LEVELS FOR 12th NOV

2008-11-11T23:02:00.000+05:30

Nifty may open close to 2876 levels, and will be weak breaking 2876 .next intraday support is at 2833-2814 levels.

Now due to the big movement yestrday, all SL will be big for nifty and i can give more levels only once it opens today.

If u see the attached chart, it shows a perfect technical chart where nifty has broken down of a triangle and gives 1st tgt of 2752 thn 2628 with positional view with a SL of 3030 on closing basis.

so risky clients can keep following these levels if they are willing to take a big SL, this will be updated everyday.

now for intraday again , if 2876 sustaing, nifty can give a big pull back up to 3030 levels, however it wont be easy to cross.

also keep strct SL for all trades today , as i am expecting some news based volatile movements

(Intraday 60min chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 11th NOV

2008-11-10T22:31:00.000+05:30

3099 is going to be very important now, and shouldnt break for the uptrend to continue.

breaking 3099, nifty may dip to as much as 3030-2960 levels.

now if 3099 holds, nifty will again blast up, and on crossing yesterday's high of 3178, nifty will also break its previous recent high of 3298.

so yes we r defntly at a crucial point, and all those who are taking positional trades now, are just hoping for moves, and no body is sure. so trade intraday untill things are clear.

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 10th NOV

2008-11-10T09:14:00.001+05:30

Nifty looks very bullish on eod charts, and holding spot level of 2860 nifty may rally as much as 3171-3230-34xx levels in comming days.

as a positional trader, i will trade long with a sl at 2860, and breaking this level, i will reverse my position, and short with double volume.

now for intraday 2972 should hold for upmove, and nifty may hit 3082.
breaking 2972, could fall to 2938 levels.

(60 min intraday Spot chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 7th NOV

2008-11-07T00:04:00.000+05:30

The most important level to watch in this down wave is 2763. till that level is broken, nifty will be fine.
In case 2763 breaks, nifty will be sold into in any upmove and will be in a position to retest new lows again ( this is an overall positional view)

Now for Intraday, after the gap down, we will still watch 2763 , if breaks may see 2721 for intraday.
if 2763 holds, may pull back to 2794-2833

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 4th NOV

2008-11-04T01:43:00.000+05:30

3010, nifty will be weak below this level, and may hit 2978-2930-2911 for intrday.

sustaining above 3010, nifty will go on to hit 3040-3091

actually charts shows that nifty may hit 3155 before it can really fall in the short term, and i feel, positional shorts is still not a good idea.

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 3rd NOV

2008-11-03T00:18:00.000+05:30

Nifty will show some strength on opening based on good news over the weekend.

now nifty sustaining above 3046, could have the strenght to go up to 32xx levels in this week.

i feel 3255 will be an important level to watch out for on the upside.

however if trades below 3046, may get weak, as dow ( US Markets) is also at resistence levels.

still positional trade has to be avoided for the week, and for intra levels be in the chat room.

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 31st OCT

2008-10-31T01:38:00.000+05:30

Nifty will be very weak if breaks 2680 levels, may see 2624-2585.

if sustains above 2710, could go on to hit 2805 levels.

will again be very volatile today, so trade with strict SL, and keep booking small profits.

closing above 2745 will be very good for the market in comming week, and closing below 2680, may show some weakness.

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 29th OCT

2008-10-29T00:40:00.000+05:30

Nifty fut shows a tgt of 2870 crossing 2745. I think nifty may soon see 2870, but if it will cross of not - i have no idea on that.one thing for sure,

i will try some shorts when nifty is close to 2870 with a sl above it, as this major upmove will be too for a bear market to handle.

not able to close above 2870 , it may again resume its downward journey in next few sessions.for intraday, 2745 will be an imp level to watch.

if we get a big gap up, there could be heavy shorts roll over, so avoid longs in a big gap up.also being the expiry day, we will see high volatility for sure.

NIFTY INTRADAY LEVELS FOR 27th OCT

2008-10-27T00:34:00.000+05:30

Well, daily the lower side target gets exhausted, and we keep falling.

after analysing the Long term charts, i feel that 2380 spot is the level,which will hold in this down fall, and nifty MIGHT MIGHT MIGHT not break this level.

but yes, nifty is defntly expected to go there, before any big upmove can come.well, can it happen today????

for intraday crossing 2650, nifty will hit 2693 atleast.below 2650, thr is no hopes, and nifty may tgt 2380 levels

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 24th OCT

2008-10-24T00:35:00.000+05:30

Hi Friends, i am facing a lot of problem with internet connectivity in office due to which i am not able to stay online during market hours, this will be sorted out shortly.

Comming back to nifty, 2780 levels looks an easy tgt, dont try to catch the bottom, and any longs should be only restricted to intraday only.

For intraday today, we may see 2833, and if things get worse, 2782 is also in sight.

for any longs, we will have to watch in intraday only, so cant give any levels.

3012, 3078 are the resistence levels

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 22nd OCT

2008-10-22T00:46:00.000+05:30

For intraday, nifty weak below 3210, may see 3170.

now 3167 is a very imp level for the rest of the week, and closing below it will be bad for the bulls.

yestrday, nifty gave a breakout, but couldnt sustain it, so bulls have to be a bit cautious.

However we are also making higher bottoms and higher tops, so signals are mixed.

Crossing 3266, nifty may go to hit 3309-3336, please trade with strict SL

(60 mins intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 21st OCT

2008-10-21T01:18:00.000+05:30

Nifty may open around 3210 levels, and for any upmove, it has to sustain above 3210.

holding 3210 we may see 3309-3355 ,where nifty will face strong resistence.

below 3210, nifty may slide to 3171-3146 levels for the day.

(60 mins intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 20th OCT

2008-10-20T00:02:00.000+05:30

For intraday nifty might get support around the lower trend line that u see in the chart which is around 3000 levels breaking that, next levels are 2934-2863

Now 2863 is an area where nifty fut has long term support, and if that is also broken, nxt levels are 2672-2590.

well these are just the support levels on the downside, and and all we can do is just wait and watch, whr nifty takes support.

If nifty reverses and moves up, thn 3165 will be a level to watch closely.

Closing above 3165 will give some hopes of recovery in comming days.

(60 mins intraday chart attached,all fut levels)

kfsuib

NIFTY INTRADAY LEVELS FOR 17th OCT

2008-10-17T00:31:00.001+05:30

Nifty looks great for an upmove only till 3250 is held, it can hit 3445-3490 levels for the day.

breaking 3250, weakness will set in, tgts are 3225-3195

now in the chart, if u see, we may go close to the upper trendline, and hit around 3457 levels before we continue with the downward jouney again.

till we breakout of the upper trendline, we may fall hard anytime, play smart.

REMEMBER THIS - TO GIVE ANY HOPES TO THE BULLS, WE HAVE TO CROSS YESTRDAY'S HIGH, otherwise yesterday's high becomes SL for further shorts

(60 mins intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 16th OCT

2008-10-16T00:30:00.000+05:30

Breaking 3216, now i see a tgt of 3076. we just wait for a pull back to go short, but the market doesnt wait, it just keeps falling.

Markets may open around 3229 today, if pulls back from there, we may see an upmove for the day, however if breaks thn it will also break the previous low of 3216 and may head towards 3076.

if a new low is not made today, thn we will pull back to 3390 levels before we can fall again.

If u see the 2 black lines on my chart forming a downward channel, the lower line is arnd 3076 which looks like a definate tgt

(60 mins intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 15th OCT

2008-10-15T00:33:00.000+05:30

Nifty may open around 3472 levels, and is really weak below 3472 fut.

Trading below 3472, nifty may fall to 3426-3412.

recovery if any can only be possibe if 3472 is crossed.

till then every rise is a short for the day.

Closing below 3472 would give a target of 3335 in this week

(60 mins intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 14th OCT

2008-10-14T00:50:00.000+05:30

Nifty may open around 3640 levels for intraday , resistence being at 3641 levels, above this level, nxt targets are 3667-3712 where one should be very cautious about longs.

3750 is a level which may not cross in short term and positional traders may look to short at those levels.

Just a word of caution for those over bullish traders, today is just the 2nd day that we will be trading after making a yearly low, and this is just a technical bounce. so dont forget to book profits as and when you get them.

NIFTY INTRADAY LEVELS FOR 13th OCT

2008-10-12T19:52:00.000+05:30

Last week i had mentioned that "dow had made a double bottom around 10,260, and if broken can creat HAVOC in the world markets", and yes thats exctly what we saw last week. Now dow has support around 7450 levels, thats apprx 1000 points from here. for any positive moves, dow has to close above 8881, which may bring in a relief rally.

For Nifty, it looks like it got support at one of its medium term trendline which may or may not hold.as of now if nifty holds friday's low of 3216, it can pull back to 3389-3517-3610 levels for the week, breaking it would mean 2890 on the cards. Closing above 3389 may quickly take nifty to 3517 levels

Now for intraday, again supp around 3216, if broken, may see 3140 levels.if 3216 is held, nifty may pull up to 3335-3389 levels, where it will face strong resistence.
(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 10TH OCT

2008-10-10T09:18:00.000+05:30

3243 could be the next low, but long term support only at 2900 levels now, cant say anything else, and we have to see what can be done in intraday during markets

NIFTY INTRADAY LEVELS FOR 8th OCT

2008-10-08T00:27:00.000+05:30

Till we see a close above 3729( A VERY IMP LEVEL FOR ANY TREND REVERSAL),

nifty will always be in a danger to fall more and more.

in my chart, if u notice a black line, thts the last hope for markets which crosses around 3515 fut levels.

hopefully this will hold, else 3400 can come very easily.

for intraday, breaking 3515, we may see 3474-3426 levels.

crossing above 3654, nifty may hit 3729 levels.

still taking a positional view will be very difficult on the markets as all SL will be very far off.

So try and trade intraday, and avoid carrying any positions

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 6th OCT

2008-10-05T21:37:00.000+05:30

The good news first - Dow (US markets) has seen double bottom around 10,260, and i expect a bounce up to 10,600- 10,800-11,046 levels , which could come in this week.

i strongly feel that this double bottom of 10,260 will hold for sometime, and only some very bad news can break it, and if broken, it can lead to a selloff in global markets.

So nifty closing above 3894, may rally up to 4109-4138 in this week.

Now for Intraday, Nifty still looks weak on charts and trading below 3830 it may fall to 3777-3749 levels.

if trades above 3868, nifty will get a lot of strenght and may go up to 3896- 3925 levels

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 3rd OCT

2008-10-03T01:14:00.000+05:30

Nifty may open Around 3903, and charts shows next support around 3848-3802 levels only,

so dont stay long unless nifty is trading above 3903.

crossing 3920, nifty may move up to 3960 levels for intraday.

closing below 3903, dont dare to hold long positions

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 1st Oct

2008-10-01T01:04:00.000+05:30

Nifty will open with a gap up, and may go up to 4075-4091 for intraday, where it will face some serious resistence.

i dont expect nifty to cross 4091 without giving a dip, so any longs if held from lower levels should be booked out.

for any positional view, 3959 will be a very important level, and closing below this, may see some weakness in near term again.

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 30TH SEPT

2008-09-30T00:35:00.000+05:30

Another day, and fall, frankly markets doesnt have anything for bulls at all.nifty may open with a huge gap down around 3690 and may fall to 3636 fut for the day.

i know some of the bulls would have never dreamt about these levels, but yes, it can easily come now.

so now, is a bottom in place? who r we to decide?never fight the trend, and buying shud happen only once we see a reversal.

dont try to find the bottom.for rest, be in the chat room

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 29TH SEPT

2008-09-28T22:46:00.000+05:30

4110, thats the level where we need to keep eye on for any short term reversal, and that should be the SL for any positional shorts.now for intraday, nifty sustaining above 4007, can go on to hit 4044-4060-4071however if it is unable to trade above 4007, it will get weak again and can fall to 3930 levels for intraday
(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 26TH SEPT

2008-09-25T23:55:00.000+05:30

Call it luck or magic, but technical analysis never fails.

i have been posting a view that 4068 is an important level and it shouldnt break, now see what has happened.

we made a low of 4077 yesterday, so 4068 was saved, and nifty bounces back from there.

Well, even i didnt go long there as things were looking weak, and this is the problem that we put too many thoughts into trading, and sometimes ignore technicals.

so start following my levels strictly, and see ur money grow.

Now for intraday today 4210 is a very important level, if we see a closing above 4210, we will surely see a short term rally,

however if we close below it, we may again see downtrend continue.support exists at 4130-40 levels

2008-09-24T23:54:00.000+05:30

Today being the expiry day, we may not trade, or do a trade only when things are very clear.

I feel nifty will trade mostly below 4196. and can fall up to 4130 levels.

for upmove, yesterday we made a high of 4228, and i dont expect nifty to cross this level for intraday.trade small volume and book small (20 points) profits is the mantra for the day.

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 24TH SEPT

2008-09-23T23:45:00.000+05:30

NIFTY SUSTAINING BELOW 4129, can fall to 4090-4068 for the day

again keep an eye on 4068, coz breaking this level, nifty will get weak for positional basis.

just 1 day for expiry, so expect maximum volatility. Trading above 4129, nifty can pull up to 4175 levels
(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 23RD SEPT

2008-09-23T00:14:00.000+05:30

Nifty may open in between 4150-4175, and sustaining below 4188, may fall to 4129 for the day.

4129 is the support level where we need to keep our eyes on, and breaking it, nxt tgt will be 4068.

Now for short term, or positional traders, keep a watch on 4068, till it is broken, some upside may come in nifty in cmng days, but if breaks 4068, nifty will make new low for the year.

For any upmove we have to look at intraday levels while trading, so be in the chat room.
(EOD chart attached,all fut levels)

BIFTY INTRADAY LEVELS FOR 22ND SEPT

2008-09-21T23:54:00.000+05:30

Nifty might open around 4363 and max upside of 4403.

For any downside, nifty breaking 4276 can fall to 4233-4216 for the day.

after a huge 2 day rally , i expect some profit booking to set it.however for positional we have to keep a watch on 4188, till nifty breaks 4188, it is a buy on dips, only breaking 4188, it can show weakness in short term.
(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 19TH SEPT

2008-09-19T00:11:00.000+05:30

All eyes on 4099, crossing it, nifty can hit 4188-4234-4276

u can see the magic of fibo numbers on my chart, where 4099.30 is excatly 38.2%.

we will see weakness below 3989, and can fall to 3942-3911.

longs are only safe once 4099 is crossed, and we see a closing above 3989.

i personally feel, some upside is there till 4270 levels, however we will trade strctly with levels, and longs are only above 4099.
(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 18TH SEPT

2008-09-17T23:02:00.000+05:30

NIFTY FALLS AGAIN, might open around 3906, and it is weak below it. can see 3860-3810 for the day.

any buying should be done only above these levels, please dont try bottom fishing and get trapped.

3810 is considered to be the ultimate support which might hold, however if broken this time, downmove will be furious, and i dont have any tgts yet.

i am not able to give any more levels as of now, and for intraday, once we make a bottom, i will give u levels live in the chat room.

only closing above 3952 can bring some respite, else downtrend might continue.

ALSO ABOUT DOW, IT HAS SUPPORT AROUND 10,660, 2-3 CLOSING BELOW IT WILL TGT 10,300-10,100, SO KEEP A WATCH

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 17TH SEPT

2008-09-16T23:19:00.000+05:30

the FED has not given its descision as i m writing this, so mostly the opening would depend upon FED's descision.

the technical levels for the day are - support exists at 4065 breaking tht, we may see 4015-3994.

crossing 4099, nifty will hit 4172 before any further downfall.closing below 4015 will be weak

(EOD chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 16TH SEPT

2008-09-15T23:14:00.000+05:30

Nifty will again open weak, now what we need to watch is 3952. if this level is broken , then the downtrend will continue and nifty can hit 3869, and below that supp is at 3810.For any intra buy, keep an eye on the support levels, and if held, or crossed after the gap down,can be longed, supp at - 3903, 3869

NIFTY INTRADAY LEVELS FOR 15TH SEPT

2008-09-14T23:43:00.000+05:30

Nifty looks very weak on charts, and till it trades above 4267, it will be in danger zone. Breaking 4208, it becomes very weak in short term, and it is a sell on every rise.Breaking 4208, nifty can fall to 4166-4136.any buying(intraday), should be done only if 4267 is crossed.in fact, in eod charts, nifty shows a target below 4080 with a SL of 4350 on closing basis.
(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 12TH SEPT

2008-09-12T00:06:00.000+05:30

Nifty will be weak trading below 4344, but for any real weakness or fall, nifty has to break 4284.

breaking 4284, nifty calls for easy shorts, where it will get very weak and can see 4254-4233 for intraday.

however till 4284 is held, it wont be a very good idea to hold shorts, as nifty can pull back to 4426 in couple of sessions.

for intra longs can be taken above 4344 for the tgt of 4427

NIFTY INTRADAY LEVELS FOR 11TH SEPT

2008-09-11T00:00:00.000+05:30

Nifty Fut will be weak trading below 4416, will fall atleast to 4381-4361.One thing to note is that nifty has broken the lower support trendline, so below 4416, will definately show some weakness.if trades above 4444, it becomes a buy for tgt of 4472 for intraday, will defntly be a volatile day, so trade with strict SL.for closing, a close below 4416 will be very weak.

(60min intraday chart attached,all fut levels)

NIFTY INTRADAY LEVELS FOR 10TH SEPT

2008-09-09T23:24:00.000+05:30

Nifty Fut will be weak below 4478 fut, can fall to 4430-4407 fut

4478 fut will be a big resistence for the day, and if crosses, longs can be taken for intraday for the tgt of 4515 whr it will face upper trendline resistence.
For strength in near term nifty shud close above 4478.

NIFTY INTRADAY LEVELS FOR 9TH SEPT

2008-09-08T23:43:00.000+05:30

for today, nifty after running so hard, may show some weakness.

however shorts shud be taken or held only whn nifty is trading below 4558 fut

below 4523, nifty is definately weak, and will tgt atleast 4478.

so overall, its a day to short at everyrise, and try and trail with SL rather than booking small profits.

i definately expect 4478 atleast for the day.

NIFTY INTRADAY LEVELS FOR 8TH SEPT

2008-09-07T21:55:00.000+05:30

Nifty might open gap up due to positives from NSG meet.

crossing 4415, can hit 4440-4464 for intraday.

if during the course of the day, it breaks 4401, nifty will be very weak for short term.

a closing above 4440, will be very positive for nifty.

All fut levels.

NIFTY INTRADAY LEVELS FOR 5TH SEPT

2008-09-05T00:05:00.000+05:30

Nothng much to say for the day, this is another reason tht TSR avoids overnight trades.

4336 -4313 fut is an imp level to watch, breaking that nifty might break the low of 4208 in ST.

for intraday, we may see a low of 4313 fut , if holds, nifty can pull back till 4378 levels.

closing below 4336 will be very bad for nifty can further downside can be expected in comming days.

NIFTY INTRADAY LEVELS FOR 4TH SEPT

2008-09-03T20:45:00.000+05:30

Nifty had a big rally on tuesday, and expected to show some profit booking today.

breaking 4464 fut nifty will be weak , and can fall to 4447-4424 for the day.

now for deciding the trend, 4415 is a very important level, till 4415 is held, nifty's tgt is 4640.

i dont expect any major move today, specially on the upside, so stay cautious and book small profits.

Another factor to watch out for is, that dow fell almost 300 points from day's high on tuesday's trading, and crude might have bottomed out. these are the other reasons to be careful about.

next buying comes if nifty holds 4415 in nxt few days.

NIFTY INTRADAY LEVELS FOR 2ND SEPT

2008-09-01T23:20:00.000+05:30

Nifty fut will trade strong for the day above 4321, real strength will come only if 4378 is crossed, whr nifty can hit 4393 to 4423.

breaking 4321 will be weak, and tgts will be 4290-4270

by the end of the day, some profit booking may come due to holiday on wednesday.

NIFTY SPOT WEEKLY ANALYSIS

2008-08-31T11:59:00.001+05:30

For the comming week, nifty is seen to trade in the triangle as in the chart.

it bounced exactly from the 50% level according to fibonacci levels, and as long as 4321 is held, nifty is buy on dips., 1st tgt being 4446, where it will face resistence again at the upper trendline.

if nifty breaks 4321, all longs should be closed, where nifty might fall to 4220, below which big downside can come.

Overall, i dont expct big movement in the current scenerio, and i expct nifty to trade within the triangle.

as a positional trader, one can comfortably trade with these levels.

P.S - All spot levels

NOW FOR INTRADAY FOR 1ST SEPT -

For intraday, nifty fut sustaining above 4331 is bullish, and if crosses 4380 today, nifty can go up to 4440 futures

NIFTY INTRADAY LEVELS FOR 29TH AUG

2008-08-28T23:42:00.000+05:30

Today i m uploading a nifty spot chart to show how nifty follows a trendline.
Nifty got support at the lower trendline, and will open gap up.
now i have drawn a black line, if nifty has to fall again in the near term, this line wont be crossed, nifty should go up to around 4305 spot or 4312 futures, and these levels should not be broken.
and breaking today's low of 4208 fut, there will be big downside in the markets.

Now for intraday, nifty might open around 4265 and we have to wait and see if it sustains there, break of 4255 will be bad for nifty fut, and may show some weakness.
on the upside, sustaining 4365, nifty may go on to hit 4312 fut

NIFTY INTRADAY LEVELS FOR 28TH AUG

2008-08-28T08:44:00.000+05:30

Nifty trading below 4325 is weak and can fall to 4248 today.

one can go long above 4325 only and be cautious around 4341 as nifty might not cross 4341 for the day. closing below 4286 will be very weak for nifty for comming days

NIFTY INTRADAY LEVELS FOR 27TH AUG

2008-08-26T23:08:00.000+05:30

Again gonna be another flat and volatile day. below 4333 nifty fut will be weak, but may not break 4290 for the day.

sustaining above 4333, nifty will be bullish and can hit 4360-4386 for the day.

it will be very slow and volatile movement, so trade cautiously.

a closing above 4360 will be very bullsh.