UP DATE FOR 30-6-09

Today nifty gap up opening is excepted bocz Asian market up .SGX nifty up 39 points.

DAY TRADER

Long if nifty trade above 4420-30 t- 4458-4483-4510

Short if nifty trade below 4375 t- 4352-4335-4301.

POSITIONAL TRADER

Same in the last post.

5DEMA-- 10DEMA--15DEMA--20DEMA--25DEMA

4337-------4347--------4352------4335--------4301

DAILY PIVOT

P- 4394 R1- 4437 R2- 4483 S1- 4348 S2- 4306

WEEKLY PIVOT

P- 4301 R1- 4458 R2- 4541 S1- 4218 S2- 4060

Have a good day.

THINK ABOUT IT????????...................

If nifty goes up to 4483 -4520 level than turned -ve , come down & breakdown the 4143-4092 level with volume .It is H&S pattern confirm .Target is 3603-3491????

??????????.........................................................

think about it........................

UP DATE FOR 29-6-09

On Monday nifty show some strength to hold this level . Asian mkt mix ,sgx up 6 points so flat opening is expected.

DAY TRADER

Long if nifty trade above 4375 than t-4420-30,4458-4465.

Short if trade below 4375 than 4339-4311-4293.

POSITIONAL TRADER

LONG T- 4420-4541 SL 4301

SHORT T 4301-4218 SL 4465.

5DEMA--10DEMA--15DEMA--20DEMA--25DEMA

4311-------4338-------4347-------4329--------4293

DAILY PIVOT

P- 4339 R1- 4420 R2- 4465 S1- 4294 S2- 4213

WEEKLY PIVOT

P- 4301 R1- 4458 R2- 4541 S1- 4218 S2- 4060

HAVE A GOOD DAY

WEEKLY REPORT 27-6-09

Weekly report in this week nifty in range of 4390-4150 nifty seeing weak except Friday close.
In daily graph main trend line is breached

nifty make 4143 low ,in second trend line support nifty take a bounce back on Friday +140.In upside nifty face resistance at 4450- 4520-4650,but there is chance of go down side in next week 4300-4185-4143 act as the support for nifty if they level are broken nifty goes to test its 50dema ave.4020.

Weekly chart show some weakness in coming Weeks bcoze RSI come out from over bought zone MACD divergence is less than last week. It shows weakness in nifty.But this is buy on dip market if nifty correct from here 4020-3896-3790 level is good for buying .There is some strength in nifty if market sustain 4520 level.

Monthly chart show good strength, nifty trade above 5mema ,RSI at 55 goes high & high show in the chart .MACD bullish crossover this turn in +ve 7 last week.

Over all nifty weak in short term so investor should buy on dips .if nifty hold 3700 level , there is chance of Head and Shoulders reversal pattern than 4650 is main hurdle in weekly chart 5275-6000 level

is possible.So buy buy buy on dips..................

Trader should go short for t 4290-4150-4020 sl at 4520.

long position is stopped out till nifty trade below 4520.

have a good week.

In last post i give the indication of break out , all target is achieved.

break out

This a break out with volume t -4430-4355-4400

UP DATE FOR 26-6-09

On Thursday nifty give gap up opening but it not sustain even a single minute,after mid session nifty breach the 4275 level & go down it hold 4220 area.
Today cues are good us market rally Asia is good, sgx nifty 10 points up.
Positional trader
short-- t 4185-4090-4020,sl 4400
long--- t 4325-400-4550,sl 4200
Day trader
short if nifty trade below 4225 , t - 4185-4150-4090, sl 4255.
long if nifty trade above 4275,t- 4325-4355-4400,sl4250.
5dema--10dema--15dema--20dema--25dema
4279----4329------4343------4324------4287
DAILY PIVOT
P-4267 R1-4313 R2-4384 S1-4196 S2-4150
WEEKLY PIVOT
P-4373 R1-4541 R2-4769 S1-4146 S2-3979
HAVE A GOOD DAY.

UP DATE FOR 25-6-09

On Wednesday nifty hold the 4220 level come back from lows & give a break out at 4270 with volume . Nifty close near the 5 d ema ,in upside nifty may 4325-4357-4400.In down side 4270 is the main support if it breach 4220-4185- 4155 may possible.

Positional trader

Short hold with the sl at 4400,t- 4185-4010

Long hold with the sl at 4200, t- 4400 4550

Day trader

Go long if nifty sustain 4325 ,t - 4357 -4400

Go short if nifty trade below 4275,t - 4220-4185

Sgx nifty trade +40 points so gap up opening is expected.volatile market due to settlement day & inflation data today.

5DEMA--10DEMA--15DEMA--20DEMA--25DEMA

4298 4339 4357 4333 4290

DAILY PIVOT

P- 4273 R1- 4327 R2- 4361 S1- 4238 S2- 4184

WEEKLY PIVOT

P- 4374 R1- 4541 R2- 4769 S1- 4146 S2- 3979

HAVE A GOOD DAY.

Up Date for 24-6-09

On Tuesday market bounce back from its Lows ,its a good recovery.But in uptrend there is multi Resistance zone 4300,4337,4367,the weekly pivot at 4374.So i think that nifty can't cross the 4400 level,positional trader can take a short position with a stop loss of 4400.In down side 4146 to4185 is support zone if breach this level the downside target is4095 -4010-3979 level.

Due to settlement week volatile session is expected.

DEMA

5DEMA --10DEMA --15DEMA -20DMEA- 25DEMA

4300 -----4361------- 4367------- 4337-------- 4290

DAILY PIVOT

PIVOT---- R1--------- R2---------- S1----------- S2

4219------ 4295------ 4343------- 4171--------- 4095

WEEKLY PIVOT

PIVOT---- R1-------- R2---------- S1----------- S2

4374------4541------- 4769------ 4146-------- 3979

WEEKLY REVIEW

HI ALL

In this week nifty start decline from highs

in daily chart it breach the trend line ,on Friday last one hour market bounce back from its lows ,we see these level in coming days if nifty sustain the trend line support &

bounce back then we see the 4450,4650 or it not sustain then we see the more weakness in nifty 4092,3837 level.RSI is above 50,

macd is clearly in -ve trend. when we see the volumes increase in graph it feels that there is distribution in the market .

overall in daily graph next 2-3 days is important that if nifty hold these levels we can see the higher level otherwise there is weakness in the market .

In weekly graph RSI comes down from overbought zone so it shows weakness in near term ,nifty just closing below the 5week ema(shown in the graph).MACD is bullish there is no sing. of weakness.

overall in weekly graph there is weakness in short term,if nifty hold the 3800 level in coming week & bounce back cross the 4650 level .There is head and shoulder reversal pattern the target may be 5275 or 6000 in nifty i don't know.

In monthly chart RSI is bullish above 50,last week we see bullish crossover in MACD but in this week turned -ve .In nifty graph we assume support at 3837.

overall monthly chart also show bullishness.

So investor are suggested, buy on dips 4092,3825 is the best level to buy .If nifty bounce back up to 4450 ,4650. Position hold if these levels are sustained ,if they are not sustained book your profit.

TARGET 5275 IN NIFTY IN SHORT TERM

Hi all

In this week nifty gives a fresh breakout ,it gives two day close above breakout so breakout is sustainable.But as we see the daily graph of nifty ,a harami candle formation on 11-6-2009,it appears after a sharp run up & it means short term market correction.Macd is also in -ve divergence shows weakness in short term.RSI came out to the over bought zone this is also indicate a short term weakness in nifty.

In the weekly chart shows strength ,macd is bullish which is favour in bulls

RSI is in over bought zone .Over all weekly chart gives a target of 5275 in nifty in short term.

In monthly chart ,i can't see normally but one thing i can see in this week Macd bullish moving average crossover (see monthly chart in circle).RSI cross the center line now at 57.This is also a positive signal for bulls.

In yearly chart nothing new.

Over all seeing these charts i think very short term weakness in nifty ,after a correction it start a journey for new high.So investor should buy on dips in front lines ,traders go with the trends.

Closing above 4650 is new breakout.

If nifty closing above 4650 ,this is a new breakout in nifty for target 4800,5200. Now the nifty is moving in range of 4450 to 4620,on Friday it cross the range but not sustain ,nifty trying to cross this level & giving a fresh breakout.
If nifty don't sustain this level & closing below 4565 . There is chances to breach the 4450 level a fresh breakdown for target 4092 ,3750.
So watch this week for break the range of 4450 to 4620 for giving target.

Bear market rally, 2250 level is possible ???

Hi all

We are in the bear market rally see in the 10 year weekly graph. In 2000-2003 bear market the after a sharp up move nifty came again its lows & making a base in 15 month,then start a new bull run . The same pattern appear in this time in nifty. Book your profit in deliveries ,if you want to buy on dips your view is long term.

So beware ..................................have a good day.

Market slips at higher level watch 4450

In the morning sgx-nifty up 80 points , i think that a new breakout in the nifty & we look nifty at 4800,5200 level in nifty but in early session the profit booking start & nifty slip its higher level,so i also start profit booking.
Continuing up trend in nifty the 4450 level to watch.If 4518 pivot level is break more weakness in the nifty is expected because -ve divergence appear in nifty- hour chart.

P - 4518

S1 - 4459

S2 - 4392

R1 - 4585

R2 - 4644