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.

intraday

Break the either side give a good opportunity.

up date for 27-8-09

Today flat to -ve opening.

buying above 4730.

up date 25-8-09

Today gap down opening

cover short.

INTRADAY

SELL NIFTY AT 4650 SL AT 4665

24-8-09 update

Today gapup opening .

buy when breakout above 4620.

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.

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

To day is range bound.

short at 4465 sl 4515.

up date for 17-8-09

Today gap down opening.

INITIATE LONG AT 4480-4516 SL 4459.

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

UP DATE FOR 14-8-09

Today flat opening is expected.

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

UP DATE FOR 13-8-09

Today gap up opening.Resistance 4520-4575.

HOLD SHORT SL-4618

11-8-09 DAILY UP DATE

Today gap down opening ,close below 4400

up trend is terminated.

HOLD SHORT.

UP DATE FOR 11-8-09

To day flat opening .

HOLD SHORT.

weekly up date 8-8-09

In this week nifty making a year high of 4730 but not sustain the higher level ,selling pressure at higher level nifty correct the 5% closing at 4481 on Friday.

DAILY CHART

In daily chart nifty gives a false breakout above 4700. Thursday nifty break the channel line with volume ,on Friday trend continue closing at 4481 closing near at 25ema . Now nifty support at 4380-4420 , I think this is last support for bulls closing below this level bears control the nifty.Till nifty trade above 4380 the up trend intact.RSI at 51.2 moving down below 50 selling pressure increasing ,MACD div. at +0.81 it also moving down .These both of indicate that in short term trend is down .

WEEKLY CHART

In weekly chart reverse head & shoulder is unfold if nifty close 4750 than 6000 level seen in nifty.RSI traded below over bought zone ,MACD is also in +ve zone ,if nifty selling pressure continue next week these are also weak.

MONTHLY CHART

In monthly chart RSI in range ,MACD fast line cross the zero line it gives a signal of bullish day by day.

OVER ALL

Short term trend is -ve , nifty weak below 4380.Nifty is in up trend ,so buy on dips .

HAVE A GOOD DAY.

up date for 7-8-09

Today gap down opening .

BOOK PROFIT FOR LONG AT 4250.

up date for 6-8-09

Today flat to -ve opening is expected.

HOLD LONG SL- 4630& REVERSE

UP DATE FOR 5-8-09

Today gap up opening

HOLD LONG

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up date for 4-8-09

To day market range bound .

HOLD LONG

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DAY PIVOT

P- 4684 R1- 4751 R2- 4790 S1- 4645 S2- 4578

WEEKLY PIVOT

P- 4576 R1- 4731 R2- 4825 S1- 4482 S2- 4327

HAVE A GOOD DAY

weekly up date for 1-8-09

Last week nifty strength is very good & move is range bound & give a break out at 4610 , market facing resistance at 4600-4700 zone.crossing above this zone & sustain this level nifty can touch 5200- 6000.

DAILY CHART

In daily chart nifty break out above 4610 & close above this level & enter into a new resistance of 4600-4700 zone above this level 4900-5000 is possible in short term. In down side nifty not breach the 4450-4380 level below this level nifty became weak.RSI trying to entered into OB zone.

MACD is still +ve ,so buying on dips or fresh buying .

WEEKLY CHART

In weekly chart nifty making huge reverse head & shoulder pattern & nifty closing near at neckline of the h&s ,if nifty close above 4700 & sustain this level ,it means this a breakout of h& s the nifty target is unbelievable 6200-6875-7150 i don't it achievable or not in medium term.I think if these target are not meet at present move but all of these target are achieved in long term because i faith in Indian economy.

RSI goes upward MACD is also bullish.

So buying on dips for till the market trend up.

MONTHLY CHART

In monthly chart day by day gained strength & give signal for going upward RSI, MACD both are bullies .

So buying on dips.

HAVE A GOOD WEEK.