Nifty chart

Nifty daily chart for 29/01/2010

Yesterday we have mentioned resistant is placed at 4930-4940 just see it touched the resistant and fell back.

Today also the same resistant level remains.trading above this level will take to 5000 and 5030 levels.Crucial support at 4800-4810 levels break and weekly close below this level will be panic in market upto level of 4730-4740.

Best to your trading!

Nifty daily chart for 28/01/2010

Nifty daily chart update for 27/01/2010

Sgx nifty is trading very week so weakness will be witnessed in our market too.Expect volatile to remain high due to expiry.Support remains at 4940-4930 levels below that panic selling will be seen in the market upto the level of 4800.

Resistant remains at 5030-5050 level above that it can move to 5080 and 5120 levels.

Best to your trading!

Nifty daily chart for 25/01/2010

Nifty daily chart update for 15/01/2010

We expect flat or gap up opening in the market.The market should trade above the high level of yesterday the we can expect the market to move to 5300-5310 levels above that as mentioned yesterday it can move to 5300-5310 levels.

Support remains at 5230-5220 levels.Risky traders can go short with stoploss of 5300-5310 levels for intraday target of 5230-5220 levels.But please remember that market is in positive mode.

Best to your trading!

Nifty daily chart for 14/01/10

Nifty took support exactly at the level which we have mentioned yesterday.Now for coming day's the level of 5170-5180 is crucial support levels as far as this level hold we can expect the 5350-5360.

While trading below 5170-5180 will take to 5120 and 5050 levels.For today the short term support is placed at 5230-5220 levels trading above this will take to 5290-5300 levels.

Best to your trading!

Nifty daily chart for 13/01/10

We have mentioned in our yesterday's post that to go short with the stoploss of 5300.Just see what happened yesterday nifty made low at 5200 levels.Risky traders can wait for more below 5170-5180 levels.

Nifty medium term would weeken if it closes below 5180-5170 chance of testing 5000-4950 levels
in coming day's.

Just remember the same month on 2008!Trade carefully!!!!!!!!!!!!!!

(Technically MACD would turn negative if nifty closes below 5170-5180 level)

Best to your trading!

Nifty daily chart update 12/01/2010

nifty daily chart update for 08/01/10

Nifty daily chart update for 07/01/2010

Nifty daily chart update for 06/01/2010

Market is moving inch by inch daily hitting all time high everyday.We have reached the crucial month where we can expect major turn in trend(just turn back to Jan 2008).So,maximum rally
can be expected till from 5350 to 5500 levels.

Today,if trades above yesterday's high then it will move to 5360-5370 levels.If suppose breaks
5200 level expect some correction for short term.

Best to your trading!

Nifty daily chart update for 05/01/2010

As expect market tired to touch the resistant at 5240-5250 level.Other world markets are looking good today so we can expect our market to reach 5290-5300 level.

Support remains at 5190-5200 levels.

Buying at this point is crucial.Trade carefully

Best to your trading!

Nifty daily chart update for 04/01/2010

Nifty is in strong uptrend in short term as far as the level of 5100 holds.So,whenever there is correction unto this level we have chance to buy in this market.

Today we expect market to move to 5240-5250 if it trades above Thursday's high(5221).Failure to lead will take down to 5180-5170 level below that chance are that it can move to 5100 levels.

SUGGESTION:Wait for the market to correct and make fresh buying in the market.

Best to your trading!