NIFTY VIEW FOR SEP 9

Hi,

Yesterday below 5106 our support was 5073, NF made low of 5088.35 and reversed to make high of 5174 and closed at 5155.

Today’s trading levels for Nifty Future:

Resistance: 5190-5214-5223-5239

Support: 5131-5114-5055

Now, today if not breaking high of yesterday then watch 5131 level carefully. Break below 5131, NF will take to 5114. Last hope for bulls is 5055.

On crossover above yesterday’s high, 5190-5214-5223-5239 is a strong resistance zone. Aggressive bears can look for shorting opportunity around this resistance zone.

Reminding you again, we are now in to a supply zone so be careful.

-ve divergence is spotted in NF hourly chart and yesterday was 8^th day from the low of 4718.

Technically rally from 4718 should over around above written resistance zone but statistically rally should extend as FII has bought stock futures worth 3158 crores in last 8 trading sessions.

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.

More details to our subscribers.

Regards,

Analysenifty Team

NIFTY VIEW SEP 8

Hi,

Yesterday was one more winning day for bulls.

NF made high of 5149 and closed at 5117.2.

Today’s trading levels for Nifty Future:

Resistance: 5190-5214-5223-5239

Support: 5073-5041-5021

Now, today below 5106, NF will attempt for 5073. IF NF manages to break 5073 then also 5041-5021 is good support zone.

Reminding you again, we are now in to a supply zone so be careful.

Strength in NF will come only above yesterday’s high of 5149. Then also 5190-5214-5223-5239 is a strong resistance zone. Aggressive bears can look for shorting opportunity around this resistance zone.

-ve divergence is spotted in NF hourly chart and today is 8^th day from the low of 4718. Let’s see, will it give price wise correction or time wise?

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW SEP 5

Hi,

For Friday, our view was clear:” on remaining above 4976, 5042 is a minor hurdle, on cross over above it will take NF to 5097”.

After making high of 5062, NF fell and made low of 4988.8 (but could not break 4976) and reversed to close at 5034.1.

While updating this, SGX nifty is trading at 4965, down 81 points. (We have already mentioned about –ve divergence in NF 15 min chart and supply zone around 5097-5116).

Today’s trading levels for Nifty Future:

Resistance: 5097-5116-5190

Support: 4986-4951-4931-4895

Today on break below 4986, NF will attempt for 4951. 4951 is a strong support, on break below 4951 with volumes and sustaining below it for 5-10 mins will take NF to 4895.

4931 is a level to watch if NF is making low around this.

On upper side 5097-5116 are good resistances.

NF 15 chart is showing -ve divergence in RSI.

FII has bought NF worth 2727 crores in last four days.

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.

Regards,

Analysenifty Team

NIFTY VIEW SEP 2

 Hi,

On Tuesday, we had written:” Today on crossover above 4954 with volumes will take NF to 4971. Crossover above 4971 with volumes will take NF to 5010”.

NF made high of 5021.55 and closed at 5003.

NF has already rallied more than 300 points from the low of 4718.

Today’s trading levels for Nifty Future:

Resistance: 5042-5097-5116-5190

Support: 4938-4923-4870

Today on remaining above 4976, 5042 is a minor hurdle, on cross over above it will take NF to 5097.

Now watch 5097-5116 levels carefully, there can be supply around this zone. Aggressive bears can take short attempt around 5097-5116 with strict stop loss.

On lower side 4938-4923 are good supports.

-ve divergence is building up in NF 15 min chart, need confirmation.

FII has bought NF worth 2188 crores in last three days.

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.

Regards,

Analysenifty Team

Best Wishes On Ganesh Chaturthi

NIFTY VIEW AUG 30

 Hi,

Have you bought NF at lower levels on Friday? No!!!!!

Have you bought NF around 4811 on yesterday? No!!!!!

Forget Friday even on yesterday also we had written: “If someone has missed to take long position at lower level can watch 4811 very carefully to enter”. NF has rallied 230 points already in last two days form Friday’s low.

On sustaining above 4811, our targets were 4846-4883. Above it our next targets were 4954-4971. NF made high of 4948 and closed at 4933.15.

While updating today SGX Nifty is trading at 5008, up 69 points.

Today’s trading levels for Nifty Future:

Resistance: 4954-4971-5010-5042-5097

Support: 4896-4873-4811

Today on crossover above 4954 with volumes will take NF to 4971. Crossover above 4971 with volumes will take NF to 5010.

Watch out 5010 level very carefully, If NF manages to cross 5010 then next target is 5097. 5042 is minor hurdle.

On lower side 4896-4873 are good supports.

FII has bought NF worth 1673 crores in last two days.

Positive divergence of RSI in NF daily chart is showing its effect.

Do not leverage your position due holiday for next two days.

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.

Regards,

AnalyseNifty  Team

NIFTY VIEW AUG 29

Hi,

On Friday, we had written on sustaining above 4875 for 10-15 minutes with good volumes will take NF to 4928. NF manages to break 4875 but could not sustain above 4875 and fallen.

Below 4816-4801, our target was 4758 which was supposed to be good entry point for bulls but looking at panic we had waited for reversal indication. NF made low of 4718.

Today’s trading levels for Nifty Future:

Resistance: 4811-4846-4883

Support: 4718-4695-4684-4667

Today on sustaining above 4811 with volumes for 10-15 minutes will take NF to 4846-4883. Again on break above 4883 will take NF to 4954-4971.

If someone has missed to take long position at lower level can watch 4811 very carefully to enter.

If NF is breaking Friday’s low then also 4695-4684-4667 is a strong support zone.

If NF is not breaking Friday’s low then it will form positive divergence in RSI in NF daily chart.

We had closed our long position (initiated at 4826) below 4831 on Friday.

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market.

More details to our subscribers.

Regards,

Analysenifty team