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