NIFTY VIEW FEB 10

Hi,

Yesterday we had written: “Today 5367 is a level to watch. If NF breaks this level with volumes and remains below it for 10-15mins then NF will go to support zone of 5340-5329-5312”.

NF made low of 5360 but could not sustain below 5367 (5304.65 is not recorded in intraday charts).

For upper side we had written: “On upper side, If NF is not breaking 5367 and breaks 5404 then chances are bright that NF will go up to 5444. Bulls are keen to break level of 5444 before any sizable correction at the same time bears will be more aggressive in 5403-5444 zone”.

NF made low of 5360 and remain above it. Once crossed 5404 and sustained above it, given nonstop rally up to 5451.65.

Today, while updating this SGX nifty is trading at 5430.

Today’s trading levels for Nifty Future:

Resistance: 5452-5478-5504

Support: 5402-5398-5345-5340

Today above 5452, 5478 is a minor hurdle. On crossover above it NF will go up to 5504.

On lower side 5402-5398 are strong supports. Break below these levels with volumes will take NF to 5345-5340. Chances are less but if breaks these levels to then???

For time being (-ve) divergence is negated in daily chart.

Alert: FIIs are buying in NF but they have sold stock futures worth 992 crores in last four trading sessions.

KOTAK BANK 535 TO 555

HDIL 85 TO 100

 BUY BGR   SL 250 CMP 258  TGT 275

Regards,

ANALYSENIFTY TEAM

nifty view feb 9

Hi,

Yesterday we had clearly written: “Today 5378 will be first hurdle for the day. Above that 5396 will provide resistance. On crossover above this level will take NF to 5416. We will keep witnessing aggressive selling in 5403-5444 zone”.

NF made high of 5424.75 around 2pm, then given sharp fall.

For lower side we had written: “On lower side 5345-5340 are now strong supports. Bulls will give their best to protect these levels”.

In panic NF made low of 5343.25 and given sharp bounce up to 5404 again.

Today, while updating this SGX nifty is trading at 5378.

Today’s trading levels for Nifty Future:

Resistance: 5404-5425-5444-5478-5504

Support: 5367-5340-5329-5312-5263

Today 5367 is a level to watch. If NF breaks this level with volumes and remains below it for 10-15mins then NF will go to support zone of 5340-5329-5312

If NF manages to break 5312 with volumes then in no time NF will go up to 5263.

On upper side, If NF is not breaking 5367 and breaks 5404 then chances are bright that NF will go up to 5444. Bulls are keen to break level of 5444 before any sizable correction at the same time bears will be more aggressive in 5403-5444 zone.

So far (-ve) divergence is intact in daily chart.

Alert: yesterday also FIIs have bought NF worth 184 crores but surprisingly they have sold stock future worth 564 crores. Is it profit booking or fresh selling???

BUY BANK OF INDIA  SL 360   TGT 390,400,410  CMP 370

HDIL 85 TO 90

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW FEB 8

Hi,

Yesterday above 5403, our next resistance level was 5416.

Do you know high of yesterday? NF made high of 5414.80 and fallen.

We had already written: “5444 is a last hope for bears. Bears should be aggressive between 5403-5444 to regain their power”.

So we will keep witnessing aggressive selling in this zone.  

For lower side we had written: “5332 has become strong support on lower side. Till NF is above 5332 bulls will have upper hand”.

NF made low of 5340 and closed at 5355.

Today, while updating this SGX nifty is trading at 5375.

Today’s trading levels for Nifty Future:

Resistance: 5378-5396-5416-5444-5504

Support: 5345-5340-5324-5287-5258

Today 5378 will be first hurdle for the day. Above that 5396 will provide resistance. On crossover above this level will take NF to 5416. We will keep witnessing aggressive selling in 5403-5444 zone.

On lower side 5345-5340 are now strong supports. Bulls will give their best to protect these levels. On break below these levels with volumes and sustaining below it for 10-15mins will take NF to 5287. 5324 may provide minor support.

So far (-ve) divergence is intact in daily chart.

Alert: although NF has closed below on yesterday but still FIIs have bought NF worth 693 crores.

BUY  KOTANK BANK SL 520  TGT 550,600 

HDIL 85 TO 87

REGARDS

ANALYSENIFTY

NIFTY VIEW 7TH FEB

Hi,

Yesterday we had written: “today above Friday’s high of 5357.50, NF can go up to 5403. 5403 will provide good resistance. On crossover above 5403 with volumes, NF will go up to 5444. 5444 is a last hope for bears. Bears should be aggressive between 5403-5444 to regain their power”.

NF opened at 5391.30, made high of 5398 and fallen up to 5332.60. Again in last 30 minutes given rally and finally closed at 5366.85.

Today, while updating this SGX nifty is trading at 5388.

Today’s trading levels for Nifty Future:

Resistance: 5403-5416-5444-5504

Support: 5332-5262

Today again 5403 will provide good resistance. On crossover above 5403 with volumes, NF will go up to 5444. 5444 is a last hope for bears. Bears should be aggressive between 5403-5444 to regain their power.

Now, 5332 has become strong support on lower side. Till NF is above 5332 bulls will have upper hand.

As per time theory yesterday’s high is important. Now if NF makes any high then rally can extend up to 21days more (including any deep of 100-200 points).

So far (-ve) divergence is intact in daily chart. Today’s close will give more clarity.

BUY   HDIL  SL 82 TGT 90,95

Regards,

ANALYSENIFTY TEAM

nifty view feb 6

Hi,

On Friday we had written: “today watch again 5302-5325 range carefully. On crossover above 5325 with volumes and sustains above it for 10-15 mins than we will see rally up to 5403-5444”.

On Friday NF had made low of 5264.05 and remained below 5302. After 2pm crossed 5302 with huge volume and gone up to 5357.50.

Today, while updating this SGX nifty is trading at 5388.

Today’s trading levels for Nifty Future:

Resistance: 5357-5403-5444

Support: 5297-5264-5229

Now, today above Friday’s high of 5357.50, NF can go up to 5403. 5403 will provide good resistance. On crossover above 5403 with volumes, NF will go up to 5444. 5444 is a last hope for bears. Bears should be aggressive between 5403-5444 to regain their power.

On lower side 5297 will provide strong support. There is no problem for bulls till NF is above 5297.

Already written on Thursday that Friday (+/- 1day) is very crucial for this rally from the low of 4538, we will see top in these three days followed by a correction of at least 5-8days.

(-ve) divergence may negate on closing above 5350 in daily chart.

 

 

BIOCON RES 281 -284 ABOVE TGT 287,295,300

 Regards, 

analysenifty team

NIFTY VIEW 3RD FEB

Hi,

Yesterday we had written: “today watch 5295-5302-5325 range carefully. If NF is making high around this range and breaks day low then we will see sharp fall”.

NF opened at 5280 made high around 5295-5297 and once broke morning low of 5280, there was a clean shave of almost 50 points. NF made low of 5232.30.

We had also written: “Today 5222 is a strong support. Till NF is above 5222, there is no problem for bulls.”.

After making day low of 5232.30 again NF zoomed to make high of 5299.90 but could not cross 5295-5302-5325 zone.

Today, while updating this SGX nifty is trading at 5283.

Today’s trading levels for Nifty Future:

Resistance: 5295-5302-5325-5403-5444

Support: 5247-5239-5232-5201-5190

Now, today watch again 5302-5325 range carefully. On crossover above 5325 with volumes and sustains above it for 10-15 mins than we will see rally up to 5403-5444.

Today 5247-5239-5232 is again a strong support zone. Bulls are safe till NF is above this zone. If NF breaks 5232 then 5201-5190 are last hope for bulls. Break below 5190 with huge volume will indicate reversal.

Friday (i.e. today +/- 1day) is very crucial for this rally from the low of 4538, we will see top in these three days followed by a correction of at least 5-8days.

So far (-ve) divergence has been seen is in daily chart, confirmation will be come below 5190. Last (-ve) divergence has seen during sep-oct’ 2010 in daily chart. After that we have seen high of 6349 in the first week of Nov’ 2010 and then reversal and low of 4538. Now let’s see what happens this time, new low or a small correction- consolidation and continued uptrend?

BUY M&M ABOVE 712 SL 705 TGT 725,730

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW FOR 1ST Feb' 12

Hi,

Yesterday we had written: “Today above 5139, bulls will have upper hand and below 5096, bears will have upper hand”.

We had also written: “today 5139 will be a first hurdle for the day. How NF opens around this level will indicate today’s movement of NF. On crossover above 5139, NF will go up to 5163. On crossover above this level will take NF to 5194”.

NF opened at 5135.10, made low of 5130 in first 5mins of trade and then remained above 5140 after first 5mins. Given rally in last hour of trade to make high of 5234.

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

Today’s trading levels for Nifty Future:

Resistance: 5240-5259-5295-5302

Support: 5201-5181-5168-5130

Now today on remaining above 5201, rally will continue. Above 5240, NF will go up to 5259. There is a channel resistance in weekly chart around 5250-5260, refer attached NF weekly chart. Above 5259 NF will go up to 5295-5302.

Today below 5201, 5181-5168 will provide good supports. If NF manages to break these levels too then also 5130 will be tough for bears to break it. If NF breaks 5130 with huge volume then sell anything and everything.

We were expecting top on Monday (+/- 1day) or on this Friday (+/- 1day). Let’s see top is made on yesterday or not. Probable (-ve) divergence set up is developing in daily chart, need confirmation. Last (-ve) divergence has seen during sep-oct’ 2010 in daily chart.
Regards,
Analysenifty Team