05-Jan-2016

Todays fall was panic selling due to global news. Nifty still in uptrend, If close above 7736.
If close below 7736 then we can expect big fall till 7250 or more deeper.

29 December 2015

We were waiting for target 7900+ .. Today's price movement till our first 2nd target 7940. If cross above 50 / DMA  Or 7940 - More rally on card till upper channel till 8040+.

28 December 2015

24 December 2015

Nifty has given breakout..now go long for
1st   Target - 7910-7950
2nd Target - 8000
3rd Target - 8050.

23 December 2015

Any breakout out of the box will  be next UP / DOWN breakout...

22 December 2015

Price taken support @ 7738 and started bouncing, now 7752 if crosses, more rally and short covering on card.

21 December 2015

Hourly Chart - Says support @ 7738 & 7704. With 100 and 50 Hour Moving Average, if holds, May again get strength for an upmove...though expecting more rally soon towards 7900+ Have patience.

17 December 2015

17 December 2015

Nifty has given clear buy signal. Go Long for target 7900+. SL 7720.

16 December 2015

Tomorrow is very important day for Nifty closing. As per technical chart go short with SL 7730.
But.... If Nifty close above 7740 then close all shorts and go long for target 7900-8030.

14 December 2015

A Gap down opening, thought price managed to hold above 7590 and 7540, shows a possible recovery soon. 

News flow like RBI meet with Bankers, GST Out come from Congress and Fed Out come may decide the next move. 

11 December 2015

10 December 2015

Next Support 7590 and 7540 - If Congress Support GST.

9th December 2015

8th December 2015

7th December 2015

4th December 2015

3rd December 2015

2nd December 15

30-11

27-11

26-11

If Nifty cross 7906-7915 - Previous high - Expect Nifty to Test 7960 -70 or the upper top of the Channel top as shown in chart.

24-11

23-11

20-11

more rally on cards..for Target 8023 - 8117+

19-11

Break out seen on chart, If the above chart is not wrong, expect fresh rally and short 
covering above  7865..

18-11

MAKE or BREAK situation for NIFTY.

It seems like Nifty is forming double bottom, If analysis is true than we may expect relief rally towards 7850-7900+, if break than SELL SELL SELL for Target 7540.

17-11

Prices resisted at 50 HMA, Cross above 7860 may trigger next rally
Target 7880-7900-7930. Or else fall till 7717-7700.

16-11

As expected, Nifty took support near 7710, made a low of 7714 and started moving up. Tomorrow 7860-70 and 7930-40 may act as resistance.

13-11

> Nifty trying to form a Head and Shoulder. In such a case, Price may try to get support near 7730,7710 or 7690. If holds these support, Expect a bounce back to form the right shoulder. Hope the above chart and strategy gives you a clear idea of whats next on nifty.

10-11

Support at 7770, If holds, expect a possible Relief Rally as shown on above chart. 

09-11

06-11

Sale Sale Sale ...Diwali Sale..in market ..Enjoy...!!!

05-11

04-11

03-11

If 8030 Support holds - Expect more rally for Target @ 8140 - 50..or If break than 7950.

02-11

 As per, Price took support @ 7995 and bounced back. If able to cross above 8060, expect
some relief rally for Target 8140-50.

Weekly Review 31-10

Weekly Charts giving indication of Target 7770.

Daily Charts.


Nifty may take support at 50 DMA, If fails big fall continue...than SALE SALE SALE...

29-10

28-10

27-10

26-10

23-10

21-10

Price out of the wedge. Today's late recovery might be an throw back. Price need to break below 50 HMA

to confirm the down trend, if holds, expect price to reverse once again to test the previous high or even above

20-10

19-10

16-10

Friday price made a U turn from 8150 or the channel support as shown on above chart.
Hence forth, it may be an 1-5 upmove - and may test the wedge top as shown on chart.

15-10

Choppy Volatile till it breaks and closed below these two support levels. Till then no direction. Lets wait for it. Cheers!!!