NIFTY VIEW FEB 29

Hi,

Yesterday was counter action replay of previous day.

Yesterday we had written: “Today if NF is not breaking yesterday’s low of 5326.2 then it will attempt for 5386. On crossover above it will take NF to 5403. Above it 5419 will be strong resistance”.

NF has not broken previous day’s low and given sharp rally up to 5459.

Today, while updating this SGX nifty is trading at 5480.

Today’s trading levels for Nifty Future:

Resistance: 5460-5481-5517-5558-5564

Support: 5431-5407-5326

Today, 5460 is a strong indicator of strength of bulls and bears. On remaining above 5460, NF will go up to 5481. On crossover above it with volumes and sustaining above it will take NF to 5517. 5558-5564 are last hurdle for bulls.

Till NF is above 5460, there is no problem for bulls.

If NF is not crossing 5460 or breaks after opening above 5460 then NF will go up to 5431 which will be strong support for bulls. On break below it with volumes and remaining below it for 10-15 mins will take NF to again 5326. 5407 may provide support but chances are very less.

Strength of bears will come only below 5431.

Who will eat premium of 64 points?

AXIS BANK BUY ABOVE 1175 SL 1152 TGT 1190 ABOVE FIREEE

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW FEB 28

Hi,

We had written on 16^th Feb and maintain our view thereafter that: “5638-5657 is an ideal zone to go short”.

As all of you know, NF made high of 5634.70 on 21^st Feb but could not cross 5638.

On 22^nd Feb, we had already indicated about sharp fall below 5585 via SMS to our subscribers. Once NF has broken 5585 never returned to that level and in just 5 trading sessions from the high of 5634.70, made low of 5326.20, clean shave of 300+ points.

Yesterday also we had written: “If NF is not crossing 5503-5507 then again it will try to break 5444. Now this time if manages to break 5444 and remains below it for 10-15 mins then we may see non-stop fall up to 5368. During this, 5421-5404 are minor supports to keep in mind”.

As all of you know NF made high of 5478 but could not cross 5503 in the opening trade and fallen non stop up to 5326.20.

As usual we had done part profit booking in our short position and rest holding with trailing stop loss.

Today, while updating this SGX nifty is trading at 5357.

Today’s trading levels for Nifty Future:

Resistance: 5386-5403-5419-5444-5465-5481

Support: 5305-5272-5235-5114

Today if NF is not breaking yesterday’s low of 5326.2 then it will attempt for 5386. On crossover above it will take NF to 5403. Above it 5419 will be strong resistance.

Now below yesterday’s low of 5326.2, 5305 will provide support. Below it NF can go up to 5272. 5235 will be another level to watch.

Still there is a huge premium of 57 points. Who will get benefit of it, bulls or bears?

Regards,

ANALYSENIFTY TEAM

NIFTY VIEW FEB 27 SUPPORT

NIFTY SPOT SHORT TERM SUPPORT SEEN 5180-5220

 !) U R SEEN 50 DEMA , 200 DEMA  SUPPORT SEEN AT 5180

2) FIBONA   LEVEL 38.2% SUPPORT SEEN AT 5220

3) BOTTEM LINE SUPPORT  SEEN AT 5200

 VIEW  FOR   BELOW 5250 START BUY NIFTY 5400 CALL AND HOLD IT  SL 5150

NIFTY VIEW 27 FEB

Hi,

On Friday we had written: “Today on upper side 5503-5512-5522 is resistance zone. On crossover above 5522, NF will go up to 5550. Above 5550, 5585-5593 are last hurdles for bulls”.

On Friday NF opened above 5522. Yes, above 5522, crossed 5550 too to make high of 5564.15 but could not sustain above it for even 10 minutes and fallen back below 5550.

For lower side we had written: “If NF is not crossing 5550 and breaks 5503 then chances are bright that NF breaks 5465. Below 5465, 5444-5421-5417 is support zone. If NF breaks 5417 then we will see non stop fall up to 5368”.

Yes, NF has faced difficulty to break 5465. Eventually broken 5465 and made low of 5456.25 (filled the gap of 5475-5455, mentioned on last Thursday) and finally closed around 5486.

Today, while updating this SGX nifty is trading at 5475.

Today’s trading levels for Nifty Future:

Resistance: 5503-5507-5522-5546-5567-5593

Support: 5444-5421-5404-5368

Today on upper side 5503-5507 are resistance. Above 5507, 5522 will be strong resistance. On crossover above 5522, NF will go up to 5546-5567. 5593 is last hurdle for bulls.

If NF is not crossing 5503-5507 then again it will try to break 5444. Now this time if manages to break 5444 and remains below it for 10-15 mins then we may see non-stop fall up to 5368. During this, 5421-5404 are minor supports to keep in mind.

There is a huge premium of 54 points. Who will get benefit of it, bulls or bears?

Today till NF is below 5550, bears will have upper hand.

Regards,

ANALYSENIFTY TEAM

nifty view feb 24

Hi,

Yesterday we had written: “Today also 5522 will play crucial roll. Today’s open and remaining above/below 5522 will indicate strength of bulls and bears respectively.

On remaining below 5522, 5493 will provide support around 5493. On break below 5493 with volumes will take NF to 5444-5421. There is a gap at 5475-5455, on break below 5493 will fill this gap. Below 5421, 5368 is a strong support”.  

Yesterday NF opened at 5509.75 made high around 5520 but could not cross 5522 in the morning session and made low of 5565.45.

Also we had written: “On remaining above 5522, NF will go up to 5552-5569. Above it 5585 is a strong resistance. On crossover above this level, rally may continue”.

After making low of 5465.45, NF has given rally up to 5541.80 but could not cross 5552.

Today, while updating this SGX nifty is trading at 5535.

Today’s trading levels for Nifty Future:

Resistance: 5512-5522-5550-5585-5593

Support: 5503-5465-5444-5421-5417-5368

Today on upper side 5503-5512-5522 is resistance zone. On crossover above 5522, NF will go up to 5550. Above 5550, 5585-5593 are last hurdles for bulls.

If NF is not crossing 5550 and breaks 5503 then chances are bright that NF breaks 5465. Below 5465, 5444-5421-5417 is support zone. If NF breaks 5417 then we will see non stop fall up to 5368.

Today till NF is below 5550, bears will have upper hand.

Regards,

analysenifty team

nifty view feb 23

Today’s trading levels for Nifty Future:

Resistance: 5522-5552-5569-5585-5638-5657

Support: 5493-5444-5421-5368

Today also 5522 will play crucial roll. Today’s open and remaining above/below 5522 will indicate strength of bulls and bears respectively.

On remaining below 5522, 5493 will provide support around 5493. On break below 5493 with volumes will take NF to 5444-5421. There is a gap at 5475-5455, on break below 5493 will fill this gap. Below 5421, 5368 is a strong support.

On remaining above 5522, NF will go up to 5552-5569. Above it 5585 is a strong resistance. On crossover above this level, rally may continue.

Yesterday we had told to buy call & put of 5600 around 5600 level of NF. On remaining below 5522 hold 5600 put. On crossover above 5522 book 5600 put and hold 5600 call.

go short  HUL BELOW 370 SL 380  TGT 365,360,354

Regards,

analysenifty team

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