Nifty View june 28

gm

Today, while updating this SGX nifty is trading at 5153.

Today’s trading levels for Nifty Future:

Resistance: 5162-5176-5206-5235-5271-5302

Support: 5133-5125-5090-5074-5022

Today, 5162-5176 are still strong resistances for NF. Crossover above 5176 will take NF to 5206. 5206 still remains a supply area, on crossover above it with volumes and remaining above it will lead to huge short covering.

On lower side, now 5133-5125 are supports for NF. Below it, 5090-5074 are still strong supports for NF. Break below 5074 will lead to bloodbath in the market.

So far this is holding true: “As mentioned day before yesterday that looking at the price of 5200 call and 5000 put indicates that NF is ranged between 5000 and 5200 till the expiry. Let’s see how prices unfold in remaining days”.

Regards,

 

analysenifty team 

Nifty View June 26

Today, while updating this SGX nifty is trading at 5105.

Today’s trading levels for Nifty Future:

Resistance: 5118-5128-5151-5206-5235-5290-5302

Support: 5090-5074-5022-4982-4925

Today, below yesterday’s low 5090-5074 are strong supports for NF. On break below 5074 with huge volumes and remaining below it will take NF to 5022. Break below 5022, 4982 is another area where support will come.

On upper side, now 5118-5128-5151 are strong resistances for NF. Crossover with huge volumes will take NF to 5206 which is a last hurdle for bulls.

So far this is holding true: “As mentioned day before yesterday that looking at the price of 5200 call and 5000 put indicates that NF is ranged between 5000 and 5200 till the expiry. Let’s see how prices unfold in remaining days”.

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Regards,

Analysenifty team 

nifty view june 22

Today, while updating this SGX nifty is trading at 5122.

Today’s trading levels for Nifty Future:

Resistance: 5184-5198-5206-5235-5290-5302

Support: 5142-5111-5105-5068-5022-4991-4976

Today, 5142 will be first support for NF. On break below 5142 with volumes will take NF to 5111-5105, which is a strong support for NF. Yes, like yesterday, today again bulls will try their best to protect these levels. On break below 5105 with huge volumes and remaining below it will take NF to 5022. One has to be careful around 5068. Below 5022, 5000 is a minor support below it 4991-4976 a strong support and last hope for bulls.

On upper side, 5184-5198-5206 is still a strong supply area. Above it will lead to short covering.

As mentioned day before yesterday that looking at the price of 5200 call and 5000 put indicates that NF is ranged between 5000 and 5200 till the expiry. Let’s see how prices unfolds in remaining days.

Regards,

Analysenifty team

NIFTY VIEW JUNE 19

GM

Today, while updating this SGX nifty is trading at 5066.

Today’s trading levels for Nifty Future:

Resistance: 5070-5086-5111-5151-5198-5206

Support: 5022-5007-4976-4965-4956

Today, till NF is above 5022, one can look for reversal. First indication of strength will come above 5070. On crossover above 5070 will take NF to 5086. If NF manages to cross 5086 too then 5111 will be last hurdle for bulls. On crossover above 5111 and sustaining above 5111 will increase chances of higher side.

Below 5022, 5007 is another support to watch. On break below 5007 will take NF to a support zone of 4976-4965-4956. If NF is not crossing 5070-5086 and goes to 4976-4965-4956 then expect small bounce from these levels.

Regards,

ANALYSENIFTY TEAM 

NIFTY VIEW JUN 15

Hi,

Yesterday we had written: “Today, 5102 will be first support for bulls. On break below and remaining below 5102 will take NF to 5084. Real panic will be below 5084. If NF manages to break 5084 then expect fall up to 5053-5047”.

Initially NF had taken support around 5084 but once broken 5084 level then made low of 5046.25 in panic.

For upper side we had written: “On upper side 5145-5153-5166 are strong resistance zone. Bears will be highly active around this zone”.

In morning session NF had taken an attempt to cross 5145 but could not cross it. It made high of 5138.75 and crashed.

Today, while updating this SGX nifty is trading at 5110.

Today’s trading levels for Nifty Future:

Resistance: 5078-5096-5120-5145-5153-5166-5198

Support: 5049-5022-4990-4953

Today, 5049 will be first and strong support for bulls. Bulls will give their best to protect this level. On break below 5049 will take NF to 5022, a last hope for bulls. On break below 5022 will take NF to 4953. One has to watch 4990 level carefully during this.

On upper side if NF is crossing 5078 then it will indicate strength of NF. Crossover above 5096 will give confirmation of this strength. And if NF is giving closing above 5120 then expect much higher levels in coming days.

So, below 5022 expect sharp panic in the market and above 5120 expect huge short covering.

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW JUNE 14

Hi,

Yesterday we had written: “Today, if NF is not crossing 5138 and breaks 5109 then it will be a first sign of weakness. On break below 5109 will take NF to 5080 which is a strong support. Here we may witness strong tussle between bulls and bears”.

In panic NF made low of 5090.65 and reversed.

For upper side we had written: “On upper side above 5138, 5153-5166 are strong resistance zone. Bears will be highly active around this zone”.

After making low of 5090.65 NF has given rally and made high of 5144.85 but could not sustain above 5138.

Today, while updating this SGX nifty is trading at 5110.

Today’s trading levels for Nifty Future:

Resistance: 5145-5153-5166-5198

Support: 5102-5084-5053-5047-5022-4990

Today, 5102 will be first support for bulls. On break below and remaining below 5102 will take NF to 5084. Real panic will be below 5084. If NF manages to break 5084 then expect fall up to 5053-5047. Below 5047, 5022 will also be a strong support for bulls. Chances are less of NF going below 5022 but if NF manages to break 5022 then expect 4990.

On upper side 5145-5153-5166 are strong resistance zone. Bears will be highly active around this zone. If NF manages to cross 5166 then also 5198 is another area from where we will witness aggressive selling.

Yesterday on 8^th day NF has made high of 5144.85 with –ve divergence in hourly chart. Correction of a rally of 384 points is due. Only concern is FIIs buying of 1076 crores in NF on yesterday.

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW JUNE 13

Today, while updating this SGX nifty is trading at 5125.

Today’s trading levels for Nifty Future:

Resistance: 5138-5153-5166-5198

Support: 5109-5080-5051-5022-4990

Today, if NF is not crossing 5138 and breaks 5109 then it will be a first sign of weakness. On break below 5109 will take NF to 5080 which is a strong support. Here we may witness strong tussle between bulls and bears. If NF manages to break and sustain below 5080 then it will fall up to 5022. During this one has to watch 5051 level carefully.  

On upper side above 5138, 5153-5166 are strong resistance zone. Bears will be highly active around this zone. If NF manages to cross 5166 then also 5198 is another area from where we will witness aggressive selling.

Regards,

Analysenifty Team

nifty view june 12

Today, while updating this SGX nifty is trading at 5020.

Today’s trading levels for Nifty Future:

Resistance: 5087-5133-5153-5166-5198

Support: 5035-5005-4987-4965-4943

Today, on opening and remaining below 5035 will take NF to 5005 level. Protection will come around this level, on break below 5005 with huge volumes and sustaining below it will take NF to a strong support zone of 4987-4965. Bulls will give their best to protect these levels. If NF manages to break 4965 then it will go up to 4943, a last hope for bulls.

On upper side 5087 will be first hurdle for NF. On crossover above it will take NF to 5133 level.

Regards,

analysenifty team

NIFTY VIEW JUNE 7

Hi,

As written many times that best thing to break any support/resistance is to break it by gap down or gap up opening. And that’s what was happened on yesterday.

Yesterday we had written: “Today, above 4853, there is a strong resistance zone of 4876-4886-4895. There will be huge supply again around this resistance zone. On crossover and sustaining above 4895 will take NF to 4926. 4949 is last hope for bears”.

Yesterday NF opened with open low of 4882.65 (in chart it was open low of 4887.70) and rallied up to 4987.80.

Today, while updating this SGX nifty is trading at 5046.

Today’s trading levels for Nifty Future:

Resistance: 5013-5032-5079-5095

Support: 4939-4916-4902-4880

Today, above yesterday’s high of 4987.80, NF will go up to 5013-5032. On crossover and sustaining above 5032 will take NF to a strong resistance zone of 5079-5095.  Before going up further NF should take pause around these levels. Best thing to do is to go short around this resistance zone with small and strict stop loss.

On lower side 4939-4916-4902 are strong supports for NF. Till NF is above 4902, there is no problem for bulls.

Regards,

ANALYSENIFTY TEAM

Nifty view june 6

Hi,

Yesterday we had written: “Today, 4859 will be first hurdle for bulls. On opening/remaining above/below will indicate strength and weakness of NF respectively. On crossover above 4859 will take NF to 4886. Here we will witness aggressive selling from bears. If NF manages to cross and sustain above 4886 then next level is 4926”.

Yesterday NF made high of 4878.80 and crashed.

Also we had written: “On lower side 4811-4807 are immediate supports for NF. If NF is not crossing 4859 and breaks 4811-4807 then expect sharp panic in the market”.

In panic NF made low of 4822.10 and reversed to close at 4846.30.

Today, while updating this SGX nifty is trading at 4878.

Today’s trading levels for Nifty Future:

Resistance: 4853-4876-4886-4895-4926-4949

Support: 4822-4811-4788-4760-4720-4701

Today, above 4853, there is a strong resistance zone of 4876-4886-4895. There will be huge supply again around this resistance zone. On crossover and sustaining above 4895 will take NF to 4926. 4949 is last hope for bears.

On lower side 4853 will provide strong support if NF is opening above it. This time on break below 4853 with volumes will take NF to 4822-4811. On break below and sustaining below 4811 with huge volume will take NF to 4720-4701.

Regards,

analysenifty team 

Nifty view june 5

Hi

Today, while updating this SGX nifty is trading at 4859.

Today’s trading levels for Nifty Future:

Resistance: 4859-4886-4926-4949

Support: 4811-4807-4760-4720-4701

Today, 4859 will be first hurdle for bulls. On opening/remaining above/below will indicate strength and weakness of NF respectively. On crossover above 4859 will take NF to 4886. Here we will witness aggressive selling from bears. If NF manages to cross and sustain above 4886 then next level is 4926. 4949 will be last and final hope for bears.

On lower side 4811-4807 are immediate supports for NF. If NF is not crossing 4859 and breaks 4811-4807 then expect sharp panic in the market. Reason we don’t know but we can see fall up to 4720-4701, valid only if NF is not crossing 4859 and breaks 4807.

Our client buy nifty at 4770 and hold with sl our first tgt 4840 achive yestrday

Regards,

analysenifty team

nifty view june 1

Today, while updating this SGX nifty is trading at 4887.
Today’s trading levels for Nifty Future:
Resistance: 4927-4931-4946-4978-5008-5035
Support: 4878-4839-4828-4782-4767
 

Today, also 4878 is a strong support for NF. Bulls will try to protect this level. On break below it will take NF to 4839-4828. On break below 4839-4828 will create panic in the market which will take NF to 4782-476

On upper side 4927-4931-4946 are strong resistances for the day. It will be difficult for bulls to cross these levels. On crossover above 4946 will take NF to 5008-5035. One has to watch 4978 during this carefully.
 

Still we will maintain this view: “If NF is not breaking 4878 and crosses 4946 with volume, it will indicate strength of bulls which will give sharp rally in coming days. If NF is not crossing 4931 and breaks and closes below 4839 then it will increase chances of breaking of 4767 in coming day”.

analysenifty team