NIFTY VIEW OCT 29

NIFTY VIEW>>> RES 5450 TO 5500 SUPPORT 5250,5180,5000,4750 (+ - 20 POINT)
MORE DETALIES FOR OUR CLIENT
FROM
ANALYSENIFTY TEAM

NIFTY VIEW OCT 28

Hi,

We have written on muhurat day:” On crossover above yesterday’s high of 5192.85, 5203-5218-5243-5254 is a price cluster which can provide resistance”.

NF made high of 5257.20, made low of 5227 and closed at 5233.

Also we had written:” There is a gap from 5232 to 5339 which can be filled in next few days. During this watch 5296 level carefully”.

Today while updating this SGX nifty is trading at 5416 so gap from 5232 to 5339 will be filled today.

Today’s trading levels for Nifty Future:

Resistance: 5296-5339-5436-5451-5467

Support: 5203-5174-5158

Today, above 5339 next resistance levels are 5436-5451-5467. Now around these levels NF will face huge supply. One can go short around these levels with small and strict stop loss.

On lower side 5203-5174 and now supports for time being.

Today on crossover above 5300, NF will go above upper end of Bollinger band. NF can not sustain above upper band of Bollinger band or lower end of Bollinger band for more than 3-4 days.

Although NF has given break out above 5174, we are looking for an end of a rally started from 4725.55 so be cautious on higher side and do not leverage your position.

More details to our subscribers.

Regards

analysenifty team

wish you very happy diwali and prosperous new year

Nifty Update For 26th Oct'11 (Diwali)

Wishing you and your family a “Happy Diwali”.

Written on 3^rd Oct’ 11:” Ideally before making new low below 4718, NF should give one more rally up to 5200.”

On 4^th Oct’11 NF made low of 4725.55 and reversed.

Written on 5^th Oct’ 11:” +ve divergence in 15min chart, oversold in hourly chart and at lower end of Bollinger band in daily chart indicates reversal, if not reversal then at least pause in the fall”.

On 5^th Oct’ 11, NF made low of 4747 and started rally.

Written on 20^th Oct’ 11:” 5174 is still a resistance for bulls to conquer. Crossover above it with huge volumes and sustaining above it will give more fireworks. Chances are bright for upper side break out”.

Yesterday, on lower side our support was 5083, NF made low of 5086.65 and reversed and given break out to make high of 5192.85.

Today’s trading levels for Nifty Future:

Resistance: 5203-5218-5243-5254-5296-5339

Support: 5174-5143-5110-5086

Today, till NF is above 5143, there is no problem for bulls. Below 5143, 5110 and 5086 are good supports.

On crossover above yesterday’s high of 5192.85, 5203-5218-5243-5254 is a price cluster which can provide resistance.

There is a gap from 5232 to 5339 which can be filled in next few days. During this watch 5296 level carefully.

Although NF has given break out above 5174, we are looking for an end of a rally started from 4725.55 so be cautious on higher side and do not leverage your position.

More details to our subscribers.

Regards,

Analysenifty Team

NIFTY VIEW OCT 25

Hi,

Nothing has changed in last few trading sessions.

On upper side 5174 is still the resistance to conquer. On lower side 5013 will be the last support.

Today’s trading levels for Nifty Future:

Resistance: 5174-5203-5218-5243-5254

Support: 5093-5083-5033-5013

Today, if not breaking low of yesterday then NF will go up to 5123-5132. On crossover above it will take NF to 5157.

5174 is still well protected by bears. Crossover above it with huge volumes and sustaining above it will give more fireworks. Chances are bright for upper side break out (till NF is above 5013) but don’t be rigid.

Below yesterday’s low 5083 is a support, break below it will take NF to 5038-5033. 5013 is last support for bulls.

Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market. This may turn in to last counter rally.

More details to our subscribers.

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW OCT 20

Hi,

As expected, NF has given rally. And as expected, NF has faced resistance nearing 5174.

Above 5088, our level was 5128. Crossover above, next major hurdle was 5174. NF has spent good amount of time around 5128 and finally in last hour given rally to make high of 5157.50.

While updating this SGX nifty is trading at 5101.

Today’s trading levels for Nifty Future:

Resistance: 5174-5203-5218-5243-5254

Support: 5113-5086-5076-5045-5013

Today, on lower side 5113 is a support. Break below it will take NF to 5086-5076.

There is a gap of 5070-5064. Break below 5076, NF can fill this gap.

5174 is still a resistance for bulls to conquer. Crossover above it with huge volumes and sustaining above it will give more fireworks. Chances are bright for upper side break out but don’t be rigid.

We will be busy with some personal commitment for the rest of the week. If time permits we will provide you update till then do not leverage your position.

 Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market. This may turn in to last counter rally.

More details to our subscribers.

Regards,

analysenifty team

NIFTY VIEW OCT 19

Hi,

Yesterday below 5054, our level was 5027. Break below 5027, there was a strong support zone of 5001-4990-4970. NF made low of 5013.30 and reversed to make high of 5055 and closed at 5044.90.

Today’s trading levels for Nifty Future:

Resistance: 5064-5088-5128-5174

Support: 5013-5001-4990-4970-4944

Today, on cross over above 5064 NF will go up to 5088. On break above 5088 with volumes and sustaining above it for 10-15 min will take NF to 5128.

5174 is a strong hurdle for bulls.

On lower side below yesterday’s low, 5001-4990-4970 is a support zone.

4944 is a last support for bulls.

Till NF is above yesterday’s close, there is no problem for bulls.

+ve divergence is spotted in 15min charts.

We will be busy with some personal commitment for the rest of the week. If time permits we will provide you update till then do not leverage your position.

 Again repeating, we are not bullish with the market. We are just playing counter rally of down trending market. This may turn in to last counter rally.

More details to our subscribers.

 regards

analysenifty team