Nifty view April 30

Today’s trading levels for Nifty Future:

Resistance: 5230-5250-5260-5285-5313

Support: 5207-5168-5153-5132-5114-5087-5068

Today 5230 will be first hurdle for bulls. On crossover above it will take NF to 5260. On crossover above 5260 with good volumes will take NF to 5313. 5285 will be a minor hurdle. If NF manages to 5313 level too, then there will be huge short covering and probable reversal.

Now, on lower side as and when NF will break 5168, we will see panic of lifetime. Bears will kill this market. 5114-5087-5068

But after yesterday’s close, it seems that market is poised for huge rally subject to the closing above 5230 on Monday. And if NF manages to cross and close above 5313 this time then we will see 5600 very soon. Please don’t be highly bullish, trade with levels only and don’t be rigid.

Regards,

analysenifty team 

Nifty view april 27

Today, while updating this SGX nifty is trading at 5226.

Today’s trading levels for Nifty Future:

Resistance: 5233-5239-5260-5285-5313

Support: 5203-5183-5153-5132-5114-5087-5068

Today 5233-5239 will be first hurdle for bulls. On crossover above it will take NF to 5260. On crossover above 5260 with good volumes will take NF to 5313. 5285 will be a minor hurdle. If NF manages to 5313 level too, then there will be huge short covering and probable reversal.

On lower side 5203 is an immediate support. Today break below 5203 will indicate weakness of NF. If NF breaks 5203 with volumes and remains below it then it will be difficult for bulls to protect 5183. And once 5183 taken once then!!!!

Regards,

AnalyseNifty Team

Nifty view april 24

Today, while updating this SGX nifty is trading at 5228.

Today’s trading levels for Nifty Future:

Resistance: 5228-5249-5257-5278-5282-5320

Support: 5182-5132-5114-5068

Today, 5228 will be first hurdle for bulls. On their commanding position bears will not allow NF to open/sustain above 5228. On crossover/sustaining above 5228 will take NF to 5249-5257 level, which is another strong resistance. On break above 5257 will take NF to 5278-5282 level, another important resistance. 5320 is a last hope for bears to come back.

Today break below 5182 with good volumes will take NF to 5132-5114. If NF manages to break 5114 then 5068 is next level to watch.

Regards,

Analysenifty team

Nifty View april 20

Nifty update for 20th Apr' 12 4

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Hi,

Yesterday we had written: “Today if NF is not breaking 5304 and crosses 5365 then we will see huge short covering in the market which will take NF to 5402”.

NF opened at 5330.05, made low of 5312.85 and in last minutes of trade made high of 5366.15.

Today, while updating this SGX nifty is trading at 5330.

Today’s trading levels for Nifty Future:

Resistance: 5365-5402-5462

Support: 5330-5312-5306-5273-5228-5182

Today, 5330-5312-5306 is a strong support zone for bulls. Bulls have not been successful to cross 5365 since last two days. So today if NF manages to break 5306 level with volumes and remains below it then NF will go up to 5273.

On remaining below 5273 will take NF to 5228. Below it next support is 5182. If NF is not crossing 5365 today and gives close below 5300 then it will indicate short term reversal.

On upper side 5365 still remains a major hurdle. Today on crossover above it will give huge short covering which will take NF to 5402.

Today open above 5330 or open below 5330 will indicate strength of bulls and bears respectively.

Global cues and SGX nifty are indicating –ve opening. Only positive for bulls is FIIs have bought NF worth 1746 crores in last three trading sessions including yesterday’s buy of 653 crores.  NS has given breakout on upper side but follow up move is missing.

Regards,

Analysenifty team

Nifty View April18

Today, while updating this SGX nifty is trading at 5341.

Today’s trading levels for Nifty Future:

Resistance: 5330-5347-5370-5402-5462

Support: 5284-5278-5238-5182

Today again 5330 will provide resistance. On crossover above 5330 will take NF to 5347 which is a major and last hurdle for bulls. On crossover above it with huge volumes and on sustaining above it will give nonstop rally up to 5402. For safer side keep watching 5370 level. If NF manages to cross 5402 level too then expect 5462 level on your screen.

On lower side 5284-5278 are strong supports. For the good health of bulls these levels should be protected. Today if NF manages to break these levels then expect sharp panic in the market. This time if NF manages to break 5278 level and give close below it, then it will break 5182 level too.

Regards,

AnalyseNifty team

Nifty View April 16

Hi,

On Friday we had written: “Today above 5284, NF will go up to 5352. 5352 will provide good resistance”.

NF opened at 5303.90, made low of 5293 and rallied up to 5330.

For lower side we had written: “On lower side, 5284-5279-5260 are last supports for bulls. Till NF is above this support zone, there is no problem for bulls”.

Below 5279, our supports were 5201-5188 and once NF broke 5279, there was bloodbath in the market. NF made low of 5195.20 in minutes only and closed at 5221.10.

Today, while updating this SGX nifty is trading at 5180.

Today’s trading levels for Nifty Future:

Resistance: 5250-5269-5296-5330-5367

Support: 5188-5168-5125-5114-5061

Today on lower side 5188-5168 are supports. On break below 5188-5168, NF will go up to 5124-5114. Some protection should come from these levels. On break below 5114, 5061 is another support to watch.

On upper side 5250-5269 are strong resistances. It will need lots of power to cross these levels.

As expected, FIIs have bought NF worth 214 crores in such panic on Friday.

Today inflation data will be out and tomorrow much discussed RBI policy is going to be announced so expect lots of volatility in these two days.

Regards,

Analyse Nifty Team

nifty view april13

Hi,

Yesterday we had written: “On lower side, on remaining below 5267, again NF will go up to 5201”.

Yesterday just for few seconds of opening trade NF made low of 5260 else it remained well above 5267 for entire day.

For upper side we had written: “Today above 5267, 5282-5293-5303 is a strong resistance zone again. On crossover above it will lead to huge short covering”.

Apart from opening trade, NF remained above 5267, made high of 5308.40 and closed at 5290.65.

Today, while updating this SGX nifty is trading at 5333.

Today’s trading levels for Nifty Future:

Resistance: 5352-5410-5425-5456

Support: 5284-5279-5201-5188

Today above 5284, NF will go up to 5352. 5352 will provide good resistance. On crossover above it with huge volumes and remaining above it will take NF to 5410-5425. Above 5410-5425, it will increase chances of 5456.

On lower side, 5284-5279-5260 are last supports for bulls. Till NF is above this support zone, there is no problem for bulls.

There is a strong channel resistance around 5330 in NS. We have attached NS daily chart for your reference. Cross over above 5330 and close above it in NS will give huge breakout.

Regards,

analysenifty team

nifty view april12

Hi,

Yesterday we had written: “Today on lower side 5201 will provide support. It will need more power to break this level for bears”.

NF made low of 5203.15 and given rally.

For upper side we had written: “On upper side 5283-5293-5302-5314 is a strong resistance zone. On crossover above it will lead to huge short covering”.

NF made high of 5292.25 and crashed again up to 5224, finally closed at 5251.35.

Today, while updating this SGX nifty is trading at 5219.

Today’s trading levels for Nifty Future:

Resistance: 5267-5282-5293-5303-5352-5410

Support: 5201-5188-5179-5148-5114-5061

Today above 5267, 5282-5293-5303 is a strong resistance zone again. On crossover above it will lead to huge short covering. Above 5303, we can see 5352 and above it we can see 5410 also.

On lower side, on remaining below 5267, again NF will go up to 5201. This time if NF manages to break 5201 then there will be more pain for bulls. Below 5201, we can expect 5148-5114. One has to keep watching 5188-5179 during this.

FIIs have sold NF worth 2258 crores in last four trading sessions including yesterday’s sell of 311 crores. Till NF is below 5282, there is no problem for bears. Close below 5201 will give more strength to bears.

This is the 8^th week from the high of 5635 so if there is any chance of reversal, it should happen from this week else we may see down trend for 5more weeks.

Regards,

analysenifty team

NIFTY VIEW APRIL 11

Hi,

Yesterday below 5239 our support was 5201. NF made low of 5226 and reversed. On upper side our resistance was 5284. NF made high of 5277.50 and closed at 5266.15.

Yesterday NF has spent entire day between 50DEMA and 200DEMA.

Today, while updating this SGX nifty is trading at 5219.

Today’s trading levels for Nifty Future:

Resistance: 5283-5293-5302-5314-5358-5410

Support: 5201-5188-5134-5114-5061

Today on lower side 5201 will provide support. It will need more power to break this level for bears. On break below 5201, NF will go up to 5188. Below 5188, 5134-5114 are another area where bulls can take attempt to revive.

On upper side 5283-5293-5302-5314 is a strong resistance zone. On crossover above it will lead to huge short covering.

FIIs have sold NF worth 1947 crores in last three trading sessions. Till NF is below 5300, there is no problem for bears. Close below 5201 will give more strength to bears.

This is the 8^th week from the high of 5635 so if there is any chance of reversal, it should happen from this week else we may see down trend for 5more weeks.

Regards,

AnalyseNifty Team

NIFTY VIEW 10TH APRIL

Hi,

Yesterday we had written: “Today on remaining below 5345, NF will go up to 5318, which is a strong support. On break below 5318, 5268 is a last hope for bulls. On break below 5268 with huge volumes and remaining below it for 15-20 mins will take NF to 5239”.

NF made low of 5245.05 and closed at 5253.

Today, while updating this SGX nifty is trading at 5267.

Today’s trading levels for Nifty Future:

Resistance: 5284-5302-5324-5363-5410-5445

Support: 5239-5201-5188-5134-5061

Today on remaining above yesterday’s low NF will attempt for 5284. Above 5284 there is a strong resistance of 5302. To continue this downtrend bears will give their best to protect this level. If bulls manage to cross 5302 level with volumes then it will take NF to 5363. During this keep 5324 in mind. Now above 5410, there is a huge break out.

On lower side below 5239 NF will go up to 5201. Below 5201, NF will fill the gap of 5239-5188.

Yesterday FIIs have sold NF worth 1091 crores.

Regards,

ANALYSENIFTY TEAM

Nifty view 9th April

Hi,

On last Wednesday we had written: “Today on remaining below, NF will go up to 5346-5335 which is a good support. Chances are less but if NF manages to break 5335 then also 5308 is a major support”.

NF made low of 5324.75 and closed at 5344.55.

Today, while updating this SGX nifty is trading at 5285.

Today’s trading levels for Nifty Future:

Resistance: 5345-5361-5410-5440

Support: 5318-5268-5239-5201-5188

Today on remaining below 5345, NF will go up 5318, which is a strong support. On break below 5318, 5268 is a last hope for bulls. On break below 5268 with huge volumes and remaining below it for 15-20 mins will take NF to 5239.

If bulls are so strong then they will try to protect 5318 level first. If they are not able to protect 5318 level in the opening then they will give their best to protect 5268 level.  Bears will try to give close below 5318 and in their strong position they will try to give close below 5268.

On upper side 5345-5361 are last hurdles for NF.

Since last five trading sessions, volume of NF and total market turnover is declining. 

regards

Analysenifty team 

April 15 2012. 100 years since the sinking of the Titanic in 1912. Could relate to Europe's economy sinking in April 2012. ????

 

NIFTY VIEW APRIL 4

Hi,

Yesterday we had written: “Today again 5385-5394-5410 is a resistance zone. On crossover above this resistance zone NF will go up to 5440”.

NF has given respect to all three levels. Initially made high of 5388 then 5394; finally made high of 5402 and closed at 5383.

Today, while updating this SGX nifty is trading at 5354.

Today’s trading levels for Nifty Future:

Resistance: 5410-5440-5485-5510

Support: 5346-5335-5308-5268-5239

Today on remaining below, NF will go up to 5346-5335 which is a good support. Chances are less but if NF manages to break 5335 then also 5308 is a major support. To keep this trend up NF should reverse from 5346-5335 or 5308. If NF breaks 5308 with huge volume and remains below it then expect sharp fall.

Till NF is above 5308, there is no problem for bulls.

Above 5410, 5440 is a level to watch. Around 5430-5440, there is a trend line resistance. On crossover above 5440 with huge volume and remaining above it will give flag break out of 341 points.

Yesterday again market has gone up but with even declining volume of NF and declining total market turnover.

REGARDS

ANALYSENIFTY TEAM

Nifty view 3rd April

Hi,

Yesterday we had written: “Today, on crossover above Friday’s high NF will go up to 5385-5394-5410. On crossover above this resistance zone NF will go up to 5440”.

Yesterday on crossover above 5347, NF made high of 5372.

Today, while updating this SGX nifty is trading at 5406.

Today’s trading levels for Nifty Future:

Resistance: 5385-5394-5410-5440-5485-5510

Support: 5308-5284-5239-5185

Today again 5385-5394-5410 is a resistance zone. On crossover above this resistance zone NF will go up to 5440. Above 5440, 5485-5510 is next resistance zone.

Around 5440, there is a trend line resistance. On crossover above 5440 with huge volume and remaining above it will give flag break out of 341 points.

On lower side till NF is above 5308, there is no problem for bulls. Below 5284 we will see bloodbath but chances are very remote.

Market is going up since last three days but volume of NF and market turnover is declining. Today NF will enter in overbought zone in hourly chart so movement after 2pm will be interesting.

Regards,

Analysenifty team 

Nifty view april 2

Hi,

On Friday we had written: “On remaining above 5239 will indicate strength of NF. If NF manages to cross 5255 level then we may see 5295 level too”.

NF opened at 5246, made low of 5239 and zoomed to make high of 5346.90.

Today, while updating this SGX nifty is trading at 5328.

Today’s trading levels for Nifty Future:

Resistance: 5347-5385-5394-5410-5440-5485

Support: 5294-5262-5239-5185

Today, on crossover above Friday’s NF will go up to 5385-5394-5410. On crossover above this resistance zone NF will go up to 5440.

If NF is not crossing Friday’s high then 5294 will be first support. On break below 5294 will take NF to 5262, which is a strong support for NF. If NF manages to break 5262 with huge volumes and remains below it then there will be a sharp fall which may fill the gap from 5239 to 5185.

On Friday, NF has rallied 100+ pts but FIIs have sold NF worth 500 crores, what does it mean? Was it fresh short or it was long covered? What will happen if FIIs will cover their short position? What will happen if FIIs will take strong control of their short position? If longs were covered then why they have covered their long?

PHARMA STOCKS R FIREEEE

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW 2NDAPRIL

HERE SEE LAST 14 MONTH CHANEL NOT BROKEN SUPPORT  5100
AND UPSIDE RES 5380 ABOVE CLOSING TGT 5450,5500,5530

ALSO DAILY CHART SEEN NIFTY IS A FALLING WEDGE  FORMATION WHICH IS EXTERMELY BULLISH  SO NEXT WEEK CLOSING WATCHED NIFTY SPOT 5380