Sunday, December 27, 2009

weekly report 29-12-09












In daily chart nifty touch the 5182 third time & try to break out but it close below it ,daily momentum is strong so hope it cross it with good volume & heading to 5300-5376-5500.MACD turn +ve .












In weekly chart nifty close below the trend line last week,but in this week nifty cover all downside in single day & close above the trend line . weekly momentum change -ve to +ve & trap the bears.Nifty break the upper range of 5182 but not close above it,close above this range nifty t-5225-5300-5376.-ve divergence seen macd.













In monthly chart nifty in a range last four month ,nifty touch the 52 week high & close highest point of this year.Closing above this range nifty go into new range t- 5376-5500.
OVER ALL
Nifty close 52 week high & hope break out & t-5300-5376-5500,
IF THIS IS TRIPLE TOP I BET ON IT THAT NIFTY T- 4500-4550.
HAVE GOOD WEEK

Thursday, December 24, 2009

intraday

update at 2.57 pm
book partial profit at 5195 on stop & reverse call

update at 2.10 pm
sl revise to 5157 stop & reverse [spot]

update at 1.37 pm
sell nifty at 5148 sl 5163 spot

Wednesday, December 23, 2009

intraday

update at 3.30
sl trigger at 5130.
update at 1.25
sell nifty at 5120 sl 5130 spot.

update at 11.40

5041 is short term sl is trigger ,short at 5084 on 15 December.

Tuesday, December 22, 2009

intraday

up date at 2.24
close long at 4982 ,nifty is range bound so wait & watch.
up date at 11.30
Today nifty gives bounce back to 5002-5011-5041 .so buy for intra day at 4980 sl 4967 low of day. hold short on 15 December at 5084 sl 5041.

Saturday, December 19, 2009

weekly update for 21-12-09











In daily chart nifty making a double top & rounded top ,nifty found support at 4900-4850 & than rally if this level not hold than we see deeper correction up to 4800-4539.










In the weekly chart nifty making the double top & closing below the trend line .-ve divergence seen in MACD .













In the monthly chart clearly shows that nifty in range last 4 month 4539-5182 .Every month nifty touch the upper & lower range but in December nifty touch the upper range but not cross it ,now nifty turn to lower range 4539.

Over All

I am in bear camp short term & medium term trend turn down. sl-5067 for short & medium term sl 5182 ,short term t-4960-4920,medium term t- 4850-4539.

Friday, December 18, 2009

close below 5000

Nifty below 5000 sell more ,becoz close below 5000 medium term trend remain down t- 4850.
Hold short positin ,short at 5084 , sl 5067-5075

Thursday, December 17, 2009

intraday



Nifty in narrow range break out either side give a good intraday gain.

Wednesday, December 16, 2009

sell nifty

sell nifty at 5070 level sl 5100 t- 5000-4960-4920.

Tuesday, December 15, 2009

risky trade

nifty break the 5 day low 5084 so sell nifty with sl 5130 day high ,if nifty close below 5084 than carry short position .

Monday, December 14, 2009

trading range


From 1 December nifty in trading range 5050-5182 very narrow range . Hope in one or two days will break this range. That will gives good trading opportunity till wait & watch.

Friday, December 4, 2009

nifty don't cross 52 week high




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This week nifty touch again 52 week high but not cross this level . nifty start with gap up up move on Monday from 4931 & close at 5108. this a good up move.we are all bullish in mkt but there is some point in my mind .
Last three day nifty making doji pattern i show in chart nifty making a evening doji star pattern & double top both are gives a bearish sing in coming weeks they are ignore only when nifty close above 5182 .In weekly chart we touch the 52 week high but MACD shows -ve divergence at this level.
i finger cross , nifty cross 5182 & heading to 5500 but this is possible with good FII in flow,good global & domestic news.
happy trading

Tuesday, December 1, 2009

good sing for bulls

20 day sma cross the 50 day sma in the chart & nifty close above 5050 that is good sing for bulls .nifty is volatile & trade in range so trade with tight sl .

Monday, November 30, 2009

volatile market in range

nifty is volatile so sl for long is 4990 ,close medium term long position.

Tuesday, November 24, 2009

medium term trend

medium term trend is up initiate long today at 5080 .T= 5182-5300-5376

Monday, November 23, 2009

intraday


short nifty at current price 5112,sl 5121
-ve divergence seen in macd,rsi.

Sunday, November 22, 2009

weekly

Nifty in range in last week 4940-5080 .
DAILY CHART
In daily chart nifty trade in channel shown in chart.recovery from 4539 to 5080 is same V shape recovery as in july ,3918 to 4700.a fresh buying seen above 5080 that can push the nifty to new high, channel resitance came to 5376-5400. rsi ,macd in +ve direction.




WEEKLY CHART
In weekly chart resitance at 5182-5400,support at 4900-4539 but main in this chart is macd is coming down that indiactes that a big correction due in nifty.
HAVE A GOOD WEEK.

Wednesday, November 18, 2009

nifty range

last three days nifty in a range 5010-5079 .take position break either side give a good gain.
have a good day.

Wednesday, November 11, 2009

intraday


-ve divergence seen in MACD, RSI in 5 min chart , sell nifty at 5000 sl at 5046.

Monday, November 9, 2009

attention !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Nifty in short term upmove so close all short position if nifty close above 4925-4950 .

Thursday, October 29, 2009

BREAK DOWN..........................

Break down for medium term in nifty chart .GO SHORT CURRENT PRICE AT 4780 FOR MEDIUM TERM TG -4700-4550-4400-4173 . SL LATER ON.

Thursday, October 22, 2009

intra day


buy at current level 5040 sl 5030 .
hourly chart make double bottom.

Tuesday, October 20, 2009

20-10-09 be cautious......







-ve divergence seen in all graph BE CAUTIOUS........

Saturday, October 17, 2009

HAPPY DIWALI 17-10-09


HAPPY DIWALI.

Wednesday, October 14, 2009

15-10- 09 up date


Initate fresh long in nifty sl below 5080 for intraday. sl 4975 for positional call.
HAVE A GOOD DAY

Wednesday, September 23, 2009

intraday

BOOK PROFIT AT 4962................................

intraday






Daily trend is up but some -ve divergence seen in 5day chart so NIFTY sell 5030 sl at 5057 .

Monday, September 21, 2009

weekly report for 21-9-09






This week nifty sustain above the major resistance level 4750 & close at 4976.Nifty heading for 5096 -5150.
DAILY CHART
in daily chart nifty give a breakout at 4750
initial Target for nifty s 5096-5150.RSI at 71 in over bought zone MACD is +ve .
So daily trend is hold long position .
WEEKLY CHART
In weekly chart a long green candle is made in nifty above breakout .RSI trying to go in over bought zone ,MACD again flat to +ve.Hold long with sl 4750 .
MONTHLY CHART
In monthly chart strong day by day +ve divergence shown in MACD .RSI show strength.
OVER ALL
HOLD LONG .
HAVE A GOOD WEEK.

Tuesday, September 15, 2009

UP FOR 15-9-09



HOLD LONG SL 4790

NIFTY MAKE DOJI PATTERN

Sunday, September 6, 2009

weekly update for 7-9-09








Last week nifty start with decline ,after consolidation nifty bounce back on Friday.

DAILY CHART

Nifty trade in a triangle in up side break out above 4750 on closing basis trend line support at 4560.Daily trend is up so long side is preferred fresh buying above 4750 & exit there long if nifty break 4560.
WEEKLY CHART

In weekly chart nifty is same in triangle nifty made triple top between 4700-4750 maintain the trend line support at 4560 .MACD is divergence is flat to -ve, so fresh buying above break out above 4750.

MONTHLY CHART

In monthly chart if nifty trade above 4750 nifty heading to 4925-5250.

RSI & MACD is strengthen day by day.

OVER ALL

Nifty trade in a range of 4350-4750 or in triangle 4560-4750 . If nifty break above 4750 with volume than nifty goes to 4925-5250, in down side 4560 is first support for long 4350 is the major support if this support is break then we go for a deeper correction .

HAVE A GOOD WEEK.

Friday, September 4, 2009

update for 4-9-09


Today flat opening nifty has 2 move one is
nifty take support at 4525 than 4750
second is
nifty break this level & take support at 4350.

Friday, August 28, 2009

intra day


Irregular head & shoulder pattern sell at current mkt price sl at 4719

up date for 28-8-09



Today nifty open flat.

take position break out either side with volume 4629-4739.

Thursday, August 27, 2009

intraday



Break the either side give a good opportunity.

up date for 27-8-09


Today flat to -ve opening.
buying above 4730.

Tuesday, August 25, 2009

up date 25-8-09


Today gap down opening
cover short.

Monday, August 24, 2009

INTRADAY



SELL NIFTY AT 4650 SL AT 4665

24-8-09 update


Today gapup opening .
buy when breakout above 4620.

Saturday, August 22, 2009

weekly update for 21-8-09





This week same as last four weeks range bound, nifty trying to breach the 4350 but its fail & nifty rebound from lows close at 4528 there is no change in the condition
Its a boring situation , it gives losses to the positional trader.
DAILY CHART
In daily chart nifty hold the 50sma on Friday nifty rebound from 4398 ,but RSI trade at ---(-+50) MACD is going down .
WEEKLY CHART
In weekly chart add one week of range bound movement,there is nothing new RSI trade range bound MACD is still +ve but day by day it fill the gap of divergence it seems to be peaked out .
MONTHLY CHART
In monthly chart is in good condition as compare to daily & weekly chart RSI trade above 50, MACD fast line cross the centre line . nifty respect the monthly chart & rebound the support line ,still waiting for a break out above 4730.
OVER ALL
WAIT & WATCH small range 4630-4350 long range 4730-3920 break out any side gives a good trading profit.

Thursday, August 20, 2009

intraday up date


-ve divergence so short at 4475 sl at 4535.

up date for 20-8-09



Today gap up opening.

trend is down.

SHORT AT 4465-4475 SL AT 4535

Wednesday, August 19, 2009



To day is range bound.

short at 4465 sl 4515.

Monday, August 17, 2009

up date for 17-8-09


Today gap down opening.
INITIATE LONG AT 4480-4516 SL 4459.

Sunday, August 16, 2009

weekly up date







This week nifty trade in range of 4615-4350 this is volatile week .
DAILY CHART
In daily chart there is two things one is the nifty is moving in the trading range of 4615-4350.take position either side break the range.
second is nifty making a reverse H&S pattern but its one shoulder is symmetrical, if nifty break the 4730 with volume as per h&s next target is 5500 on paper.If nifty give a break down below 4350 there is chance for trend change in nifty bears are hold the market T-4220-4150-3905.
WEEKLY CHART
Last four weeks nifty trade in narrow range of 4730 to 4350 .break the range either side give a good opportunity. so wait & watch.
MONTHLY CHART
Monthly chart in symmetrical trangle .RSI & MACD is going up day by day.
break out above 4730.
OVER ALL
WAIT & WATCH FOR BREAK THE RANGE 4730 -4350.
HAVE A GOOD WEEK

Friday, August 14, 2009

UP DATE FOR 14-8-09



Today flat opening is expected.

CUT U R SHORT POSITION & INITIATE LONG IF NIFTY CROSS 4618.

Thursday, August 13, 2009

UP DATE FOR 13-8-09



Today gap up opening.Resistance 4520-4575.

HOLD SHORT SL-4618