NIFTY SPOT WEEKLY ANALYSIS

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

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

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

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.

NIFTY INTRADAY LEVELS FOR 26TH AUG

Nifty will open weak arnd 4286, and if 4286 is broken, will fall straight to 4250 levels.

now 4250 is a very important level, if it is held, nifty will reverse and can move up to 4353 levels for the day frm there.

but if 4250 breaks, close all longs as we may see an expiry of 4160 levels

NIFTY INTRADAY LEVELS FOR 25TH AUG

Today i m uploading 2 charts 1 for EOD spot, and another for 15 mins intraday nifty fut.

If u look at the spot chart, it shows that nifty is following the trendlines, and since it got supported by the lower trendline and pulled back, it suggest that nifty is bullish and will go on to hit 4530 levels where the black line meets the red line.

If this trend follows, one can short heavily around those levels, i will guide you on that when it happens.

As of now, one can remain long with SL below 4250 spot for a tgt of arnd 4500 spot.

Now for intraday, nifty fut has support at 4310 fut levels, unless that is broken, nifty will be strng.

sustaining above 4355, nifty can hit 4380-4411 fut.

4355 fut will be an imp level for the day, might see some weakness below it.

HOWEVER I DONT EXPECT NIFTY TO BREAK 4303FOR THE DAY.

NIFTY INTRADAY LEVELS FOR 22ND AUG

Nifty is going to be weak as long as it trades below 4324, it can fall to 4218 for the day.

if u look at the chart, the lower trend line is at 4218, if tht gets broken markets would get very weak in the short term.

so keep a watch on 4218 future levels for the day.

NIFTY INTRADAY LEVELS FOR 21ST AUG

Nifty future showed strength yesterday but came down during closing.

today may open flat, and what we need to watch is yesterday's low of 4396, which is going to be a very important level for the day.

Breaking 4396, nifty can fall to 4374-4360.

for upside, nifty trading above 4425 is bullish for a tgt of 4442-4476 for the day.

however one needs to be cautious on longs as inflation data is expected today evening.

NIFTY INTRADAY LEVELS FOR 20th AUG

Nifty will open weak, but if sustains above 4371 will be bullish for the tgt of 4424 to 4450-4462.

4462 is max that nifty can go for today.

if 4371 is broken, nifty may fall to 4350, and if tht is also broken, nifty will be very weak and may see 4281 as well.

so tgts are big, so trade with these levels.

NIFTY INTRADAY LEVELS FOR 19TH AUG

Nifty futures may open around 4366-4350 and will fall to 4312 for the day, if 4312 is broken , can tgt 4207 in cmng sessions.

however nifty has solid support around 4360, so if sustains above it, dont remain short and it can tgt 4420 for intraday.

i still feel tht we amy get a closing above 4360, coz a closing below it would make nifty very weak for short term

NIFTY INTRADAY LEVELS FOR 18TH AUG

Nifty fut looks weak on charts ,has resistence around 4470, and tgt of 4388-4364 should come.

longs should be considered only if 4475 is crossed, or around 4360 levels if holds.

i personally feel nifty will see 4312 this is however a positional view.

NIFTY INTRADAY LEVELS FOR 14TH AUG

Nifty has closed just above the trendline, but if we have a gap dwn open, it will be broken. and nifty should tgt atleast 4473-4453.

A closing below 4520 would mean tht nifty will fall to the 2nd trend line so a tgt of 4312.

also ril & sbi is weak for the day, so that will definately put some pressure on nifty.

NIFTY INTRADAY LEVELS FOR 13TH AUG

In 60 mins chart, nifty is holding the trendline, however is shows a double top, which will be confirmed if yesterday's low of 4535 fut is broken.

4580 is a level that i dont expect nifty to cross today. and if 4535 is broken it can slide to 4489 for intraday.

if 4580 is not crossed today, and we break 4535, we will see 4308 within this week.

NIFTY INTRADAY LEVELS FOR 12TH AUG

Nifty crossed resistence of 4630 and closed above it, it is definately bullish for tgt of 4675-4710 .

however 4615 shouldnt be broken for intraday.

NIFTY INTRADAY LEVELS FOR 11TH AUGUST

NIFTY on a gap up will open around 4630, which is a very important level.

we need to see a closing above this levels of 4630 to sustain further upmove.

nifty has good resistence arnd 4640-60 levels, and if it can cross this level, nifty can go on to hit 4710 for intraday.

for any positional view, keep an eye on 4630 levels, it will be the key for further moves in the market.

if we close below 4630, we will have to watch tuesday's market, and in case tuesday is weak, positional shorts can be taken with SL of 4630 on closing basis

DOW JONES(US MARKETS) WEEKLY ANALYSIS

As predicted last week, dow corssed 11,671, and the good news is that it closed above it.

now if this level is held early next week, dow will cross 11,961, and if closes above 11,961, we will see 12,251 very soon.

so this would mean a rally of 600+ points which can be very positive for the world markets.

Now what we have to watch out for is that dow needs to close above 11,671 again on monday.

If that happens, dont remain short at all and just play for the upmove.

I personally feel very confident about 12,251.

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NIFTY INTRADAY LEVELS FOR 8TH AUG

(EOD chart)

Nifty fut trading below 4555 will be weak, and breaking 4485 can fall to 4420 levels for intraday.

For longs trading above 4485 will be fine, but real strenght will come only once 4555 is crossed.

if nifty trades above 4555, positional longs should be taken.

A close below 4485 can bring in change in trend, and can get weak for tgts of 4332

NIFTY INTRADAY LEVELS FOR 7TH AUGUST

Nifty future trading below 4520 will be weak and can fall to 4451-4434 levels.

so avoid longs then.

however if trades above 4520, can hit 4585 in intraday.

NIFTY INTRADAY LEVELS FOR 6TH AUGUST

Nifty continues its bullish journey, and will hit 4645 today, where it may see some profit booking.

i have uploaded an EOD chart, and according to fibo extensions, it shows a tgt of 4749, which can be acheived by this weekend.

today, if we get a closing above 4625, will be a highly bullish sign.

also a key level to watch is 4658, crossing this level, we will have an extended bull rally.

NIFTY INTRADAY LEVELS FOR 5th AUGUST

crossing 4450 nifty can hit 4480-4501 levels.

however as u ll have seen the resistence around 4440 levels, so i would advise longs only above 4450 levels.

for positional traders, today's low(4362) is gonna be an important SL.

NIFTY INTRADAY LEVELS FOR 4TH AUG

Nifty had a blast on friday, even with a gap down, it held on to its support of 4250, and crossed all resistence to rally up to 4440.

for today , nifty will open flat and may trade around 4400 levels for quiet some time.

if anybody is long with me, should have a SL at 4380 and remain long.

i m highly bullish on nifty for the week, with support at 4351, tgt can be 4760 in this week.

however, if nifty breaks 4351, it will loose its strength.

for intraday nifty staying above 4480, my tgt is 4514-4536

WEEKLY DOW JONES (US MARKETS)ANALYSIS

Dow was under pressure for the week, but closed above its support of 11,310 levels.

for the comming week, i m bullish on dow with a tgt of 11,670 levels, it will be resisted there, and what we need to look out for is a closing above 11,670 for next week.

if it does, dow will rally hard in short term up to 12,200 levels .

Also note that the performance for July'08 has been updated.

we had a great July, and a rtocking start to August, join nifty premium calls today... for payment details - http://docs.google.com/View?docid=dkh7xb6_4dff7hx