NIFTY SPOT ON 28-07-10
WORLD MARKET
World markets are doing mild volatile, predicting the levels of today and tomorrow for nifty is difficult, so let it move as it is and just try to watch the market, even though today 5404 TO 5393 may act as good support and 5445 may act as mild resistance
NIFTY SPOT TODAY
Today if nifty spot holds 5404 to 5393 then further up move possible, and 5445 may act as mild resistance, above this level it may move as per today's levels, generally we all are feeling that our markets are in nervous zone.
Chart patterns and some indicators are also indicating that there may be a falls break out before the correction, so take care, and don't get trapped by market. Same time if nifty spot breaks and close above 5550 for 3 days ideally in positive bias then we may get in to fresh rally, if not the bear will take control of the market's move soon.
So use every rally only for booking the profit and increase your cash level in hand, don't take any position to home due to intra day lose, soon bear may control the market.
Today if nifty spot breaches 5393 then further down fall may come towards 5372 to 5364, and below 5340 it may try to come down to 5270
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5445 TARGET 5461, 5478, 5496, 5508, 5521, 5527
NIFTY SPOT BELOW 5420 TARGET 5404 TO 5393, 5372 TO 5364, 5340, 5270
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NIFTY SPOT ON 27-07-10
WORLD MARKET
Current situation of world markets are doing with mild volatile, this may reflect in our markets too, so better avoid these type of market
NIFTY SPOT TODAY
Today we may have some small gap up due to the current situation of world markets, even though nothing big to say about today's market. Every 10 to 15 points are having the supports and resistances today, so expect a small volatile and flat session today.
5485 may act as an important resistance roll today, above this range next 5530 may act as the strongest resistance level, same as nifty spot has strong support around 5370, if it breaches and try to close below this range then we may expect further 110 points in down side.
So try to book you profit in higher side, technical correction is most needed now, and b4 the correction we have to face these kind of bore market for some more days
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5420 TARGET 5430, 5441, 5453, 5462, 5479, 5485, 5515
NIFTY SPOT BELOW 5415 TARGET 5409, 5398, 5392, 5373, 5353, 5333, 5318, 5296
SCRIPT TO WATCH
ACC
Buy above 838 Target 849, 855, 863, s/l 835, positional and intra call, (s/l for positional is 799 close)
Sell below 835 (after breaks 838) Target 819, 813, 809, 801 to 799, s/l day high
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NIFTY SPOT ON 26-07-10
WORLD MARKET
World markets are doing with mild volatile, if the continues then we may also do the same
NIFTY SPOT TODAY
Due to current situation of world markets here we may expect some small gap up, even though continues up move may get resist around 5495 TO 5520 (+ OR - 20 POINTS), you see the reason in the picture below.
Generally if nifty spot breaks and sustains above these levels on close basis for 2 to 3days ideally then we may expect good up move towards life high. Same time if it gets resistance around these levels then it may try to come down towards the channel bottom support line.
In the picture below, you can see some detail that means nifty spot is moving in a channel for the last few months, in to that it had taken 2 times resistance and 2 times support, now third time it is trying to head the resistance level. So if it close above 5550 strongly then good up move, if it take resistance around 5495 to 5520 then good down move.
Today nifty spot does not have enough strength to move strongly in both side as per technical levels, so expect some volatile move around 5462 to 5420, any side break further 20 to 30 points possible
NIFTY SPOT CHART
NIFTY SPOT TODAY'S LEVEL
NIFTY SPOT ABOVE 5461 TARGET 5478, 5488, 5496, 5513 TO 5517, 5422, 5455
NIFTY SPOT BELOW 5446 TARGET 5435, 5425, 5411, 5399, 5353, 5335, 5313, 5300
SCRIPT TO WATCH
CIPLA
Buy around 325 to 324 s/l 323 close Target 335, 345 positional call
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NIFTY SPOT ON 23-07-10
WORLD MARKET
Due to American’s up move all others are doing well, even though 5462, 5487 may give strong resistance, and 5450 may give good support for nifty spot today.
NIFTY SPOT
Today if it breaks and sustains above 5462 then 5487 possible, and if it sustains strongly above 5487 for a while, then further good up move possible towards 5542 to 5563.
Same time if nifty spot not able to sustains strongly above 5462 and 5487, or not able to break the above any points incense we may take it as a first sign for bear move,
After doing like this if nifty spot breaches 5450 and if sustains below this rage for a while then we may take it as a strength of the bear is increasing and hence we can go for short sell with s/l of the current day high or 5487 which ever is high.
If so nifty spot may try to come down to 5404, 5380 TO 5372, 5337
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5462 TARGET 5480 TO 5487, 5543, 5562
NIFTY SPOT BELOW 5442 TARGET 5404, 5380 TO 5372, 5337, 5327, 5307 TO 5300,
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NIFTY SPOT ON 21-07-10
WORLD MARKET
World markets are moving nice, nothing big problems, if they maintain this, then we will concentrate on buy with s/l of 5360 in nifty spot
NIFTY SPOT
Today if nifty spot holds 5360 then we may expect some good up move towards 5425 to 5427, and if it sustains above this level then further up move possible as per today’s levels.
If so concentrate on buying with s/l 5360. Chart pictures are showing some strength that today there may be a good up to move, if so use it
Same as if nifty spot breaches 5360 then we may expect some down move, in down side 5313 is an important support zone, if nifty spot breaches this 5313 then strong down fall may come, take care, use the up move to exit
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5369 TARGET 5425 TO 5427, 5454 TO 5462, 5510 TO 5515
NIFTY SPOT BELOW 5361 TARGET 5323 TO 5322, 5313, 5267 TO 5266, 5255
SCRIPT TO WATCH
RELIANCE IND (RIL)
Buy on dips around 1050 to 1047 s/l 1047 close, Target 1060, 1090, 1100 positional call
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NIFTY SPOT ON 20-07-10
WORLD MARKET
Current situation of world markets are doing with mild volatile, this will reflect in our market too. Due to this 5425 may act as resistance and 5370 may act as support.
NIFTY SPOT
Today 5372 TO 5370 may act as strong support for nifty spot. If these levels hold then further up move may possible towards 5425, if so you can concentrate on buying with s/l of 5370, and it if breaks 5425 then it may have chance to move towards old high (5455), above this 5457 nifty spot may move as per today’s levels. Taking care of our longs when nifty spot is above 5457 is good thing as of now.
Today if nifty spot breaches 5370 then the strength of the bear move may increase and it may come down as per today's levels, if so you can concentrate on selling with s/l of 5425,
In gap up and gap down situation keep the both levels as s/l and targets and do trade against near the particular levels
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5425 TARGET 5455 TO 5457, 5506 TO 5515, 5550 TO 5565
NIFTY SPOT BELOW 5372 TARGET 5358, 5343, 5320, 5312, 5285 TO 5280, 5268, 5260, 5205
SCRIPT TO WATCH
NTPC
Buy above 203 to 197 Targets 210 to 211, 215, 218, s/l 197 close positional calls
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NIFTY SPOT ON 19-07-10
WORLD MARKET
American future markets are in nervous, today we have strong support around 5360 for nifty spot, below this level bear may take control, above 5420 bulls may try to do something, details are below
NIFTY SPOT
Today if nifty spot breaches 5360 then we may expect some down fall, and 5308, 5274 are the supportive levels for nifty spot today. If it gets breached then we may expect some deep down fall as per today's levels.
Same as today if nifty spot breaks 5420 then it may try to do something in up side and previous top 5455 may act as resistance. Above this level it may move as per today's levels.
Based on current situation of world markets and our market; one thing is giving some sign, means we have to use all up move to clear our old holdings and increase our cash level in hand, take care
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5420 TARGET 5450, 5457, 5475, 5504, 5550
NIFTY SPOT BELOW 5385 TARGET 5363 TO 5360*, (5338, 5308), 5281, 5274, 5200, 5194 TO 5181
SCRIPT TO WATCH
M&M
Sell below 598 Targets 592 to 590, 562, 552, s/l 608
Buy above 608 Targets 622, 625, 634, s/l 598
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NIFTY SPOT A OVER ALL VIEW
HISTORY REPEATS IT SELF - CHARLES DOW
As shown in the picture; nifty spot had moved tow times in up side and in down side with some same style. We will know some thing about this style with the help of the lines A - A1 and B - B1 and some details which are in the picture. Now third time, nifty is moving in the same style. So we will go deep analysis about this style now.
In the picture the lines A - A1 (772.5, 17%) and B - B1 (724.5, 15.5%) which indicates the up move has some lesser difference between their up move with 50 points, (772 , 724), means first up move (A - A1) had moved up 17% perfectly from the low point (4538.5), same as second up move (B - B1) had moved up 15.5% perfectly from the low point (4675.5), point wise 50 point lesser difference.
If the above things may happen on the third rally (this rally) as per Charles Dow theory we may expect the resistance of this rally around 5455, how? We will see it, now C to C1 up move is going on, the starting point of this 3rd rally was at 4786.5, from this level if we calculate 14% then it comes at 5455. Ok how this 14% comes?
In the last 2 rally nifty spot had lesser difference around 50 points in each rally, percentage wise there was a 1.5% lesser difference in each rally, means first rally A - A1 = 772.5, means 17%, second rally B - B1 = 724.5, means 15.5%, see the difference, point wise 50 points lesser difference, and percentage wise 1.5% lesser difference,
So if this style happens in this time also incense then we can get some clear picture about current rally of nifty spot. So assume this time the same style may control the rally, if so we have to follow the previous.
Now percentage wise we have to reduce 1.5% from the last percentage, if so 15.5% - 1.5% = 14%. So our 14% calculation from the third rally starting point of 4786.5 comes around 5455, means we have to add 670 points from this low, 4786.5 + 670 = 5456.5
Now point wise difference comes perfectly with 50 points lesser than previous points, means this 670 is 50 point lesser of last 724.5 (b - b1 rally, 15.5%), that last previous point 724.5 is lesser than 50 points from first up move points of 774.5. So this 14% gives more relative to the last two happens in the same style. So this time if this style controls the 3rd rally then our resistance comes around 5455 to 5465.
Why this difference comes regularly? suppose of each and every rally starts with higher difference? means A rally starting point was 4538.5, B rally starting point was 4675.5, now this time in 3rd rally means C rally starting point was 4786.5, each starting point of low has some higher difference with each other with above 100 points, due to this it may continues
So this 3rd rally has initiated it rally with the same style, so our assumption of 14% may be comes true, this thing gives more strength because the 3rd rally starts with the same styles, let's see what will happen
Next the channel top resistance comes around 5510, so we have so many chances to get resistance or tops out around 5455 to 5510 levels. So we have to be care full and close our longs when you see the nifty spot above 5455, and increase your cash level in hands, if you want go short in nifty then try it above 5455 to 5510 range with s/l of 5550 on close for 2 days ideally ,
Last few days before we had seen that nifty may touch our target of 5470 to 5550 with in 20 days when it had broken the 5300 level, today is 18th day, so if we have chance for this with in 2 days, then we may get Tops Out soon, may be with in 10 days or more, take care
For coming two days I will be out of station due to my personal work, so I can't able to post for this 2 days,
NIFTY SPOT CHART
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NIFTY SPOT ON 13-07-10
WORLD MARKET
World markets are doing mild volatile in a positive bias, this may help us and today 5389 to 5385 may act as an important role
NIFTY SPOT
Today if nifty spot breaks 5389 then we may expect some up move, same time if it breaks 5420 then a clean and fast up move may come as per today's levels. And if it not able to break 5389 then this is the 1st sign for a bear move.
Same time today the bear's strength of moving is too lesser than bull's, so if there will be any chance for bear move; then it would be unclear, volatile, and flat move. So concentrate on buying with s/l of 5385
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5389 TARGET 5414 TO 5419, 5444 TO 5447,5478 TO 5484, 5002
NIFTY SPOT BELOW 5382 TARGET 5374, 5360, 5350, 5339, 5323, 5273
SCRIPT TO WATCH
ABB
Buy above 670 Targets 684, 690, s/l 655
Or buy near 656 with s/l of 655, Target 670, 684, 690
Sell below 656 Target 642, s/l 670 - Positional call
CAIRN
Buy above 314 Target 335 to 337, 340, 343, s/l 306 or 298 (above 322 momentum starts) Positional call
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NIFTY SPOT ON 12-07-10
WORLD MARKET
Current situation of world markets are in mild volatile with nervous, this may affect our market too. If they are being in the same condition while we are getting open then we might be cautious, means today 5350 is an important support, below this range down fall may come details are below
NIFTY SPOT
Today if nifty spot holds 5350 then some continues up move may possible, today as per “nifty today’s levels” there are some near by near resistance up to 5396, so if there is any chance for continues up move then we may face some volatile and nervous full move up to 5381, 5396, above 5425 we may get some free up move as per today’s level.
Today if nifty spot breaches 5250 then it may come down towards 5305 and also it has chance to come down further as per today’s levels, if so you can concentrate on short selling…
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5355 TARGET 5369 TO 5371, 5381, 5397, 5418 TO 5425, 5465
NIFTY SPOT BELOW 5350 TARGET 5305, 5276, 5262, 5235 TO 5240, 5225
SCRIPT TO WATCH
TATA MOTOR
Buy above 774 Target 782, 790, 794, 798 to 800 s/l 767, Intra and Positional call
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NIFTY SPOT ON 09-07-10
WORLD MARKET
World markets are just starting to walk in up side as we expect (will they run?). This is good sign for us, and current situation of world markets are doing with some mild volatile. Due to this we may have some volatile in between 5307 to 5328, if any level get breaks then the wing will blow strongly on the same side
NIFTY SPOT
Today if nifty spot holds up 5307 strongly then there is no worry for bulls. Same time it should breaks 5328 strongly for continues up move, if so we may expect a good up move towards our target, if so you can concentrate on buying with s/l of 5307 (get breached (sustained breach).
Next today if nifty spot not able to breaks 5307 or after breaks up the 5307; if it comes down below 5307 strongly then this may be the sign for down move, if so we have to be care full with our intra day longs, if so concentrate on selling with s/l of 5328, targets may be as per our today's levels.
And one more thing; as of now nifty spot does not have enough strength to come down sharply below 5230, so the move below 5230 to 5200 may be with flat and with volatile, take care …
NIFTY SPOT TODAY'S LEVELS
NIFTY SPOT ABOVE 5328 TARGET 5362 TO 67, 5390, 5424, 4553 TO 5463, 5480
NIFTY SPOT IF NOT BREAKS UP 5307 TARGET 5272, 5261, 5247, 5238 TO 235
SCRIPT TO WATCH
M&M
Buy on dips with s/l of close below 610 for 2 days, Target 634, 660 to 665.
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