Nifty daily chart

Nifty chart

2011-08-28T18:49:00.002+05:30

Nifty hourly chart

weekly chart

2011-08-15T12:54:00.002+05:30

Nifty daily chart

2011-08-15T12:41:00.002+05:30

nifty hourly chart

2011-08-15T12:25:00.002+05:30

Nifty chart

2011-08-07T22:08:00.001+05:30

nifty chart

2011-08-05T08:20:00.000+05:30

Nifty chart

2011-07-31T16:53:00.001+05:30

Nifty chart

2011-07-28T22:54:00.001+05:30

NIFTY CHART

2011-07-26T22:37:00.003+05:30

nifty chart

2011-07-24T22:40:00.001+05:30

Nifty Weekly chart

2011-07-17T22:05:00.001+05:30

Nifty weekly chart

2011-07-10T22:41:00.001+05:30

nifty

2011-07-06T22:41:00.003+05:30

NIFTY CHART FOR WEEK 27/06/2011

2011-06-26T14:20:00.001+05:30

Nifty chart

2010-04-22T19:54:00.002+05:30

Nifty CMP: 5262

3 -H-MA-5285

3 -L-MA-5219

3 -C-MA-5246

My position: short with sl of 5285 levels closing basis.

Pivot table

Pivot point-5271
R1-5322
R2-5382
S1-5211
S2-5160

Nifty chart

2010-04-21T19:59:00.002+05:30

Market in consolidation mode.As we said already move past 5260 levels is positive,while move below 5210 is negative then down trend may resume.

Nifty CMP: 5242

3 -H-MA-5267

3 -L-MA-5199

3 -C-MA-5226

My position: short with sl of 5267 levels closing basis.

Pivot table

Pivot point-5246
R1-5262
R2-5282
S1-5226
S2-5210

Nifty consolidating at current levels

2010-04-20T20:03:00.003+05:30

Nifty CMP: 5235

3 -H-MA-5273

3 -L-MA-5202

3 -C-MA-5231

My position: short with sl of 5273 levels closing basis.

Pivot table

Pivot point-5234
R1-5259
R2-5283
S1-5210
S2-5185

Nifty chart-2

2010-04-19T08:38:00.002+05:30

Nifty cmp: 5256

3 H-MA-5337

3 L-MA-5268

3 C-MA-5282

My position: short with today's sl at 5282 and 5337 levels

Pivot table

Pivot point-53259
R1-5280
R2-5304
S2-5235
S3-5213

Nifty chart - 1

2010-04-19T08:37:00.002+05:30

Nifty is in hands of bears.........

2010-04-15T20:25:00.002+05:30

Pivot table

Pivot point-5302
R1-5339
R2-5410
S2-5231
S3-5194

Nifty:5269

3 H-MA-5370
3 C-MA-5312
3 L-MA-5297

Nifty chart - 1

2010-04-12T19:33:00.002+05:30

Nifty chart

2010-04-12T19:32:00.005+05:30

NIFTY SPOT - 5343

3 High MA-5381

3 Close MA -5332

3 Low MA-5305

My position short at 5300 levels.

Res - 1 Res - 2 Pivot Sup - 1 Sup - 2
5370 5401 5348 5317 5294

Nifty intra update

2010-04-12T15:09:00.002+05:30

Nifty cmp:5341

3 MA high-5381

3 MA close-5336

3 MA low-5306

Nifty stop loss is not triggered so we are carrying the short position in nifty.

THIS CALL IS TAKEN UPON MY OWN ANALYSIS,I AM NOT RECOMMENDING ANYBODY TO FOLLOW.

Nifty Open interest

2010-04-10T19:13:00.002+05:30

Open interest in 5400 call seen some short covering but not fully.some confusion in 5300 put,in yesterday's trade the open interest was high and witnessed heavy buying and the open interest went up but today the price was down and open interest was up indicating both short covering and fresh short was created.option writers and interested in writing put option.

What is open interest?Pls refer the below link
http://www.investopedia.com/terms/o/openinterest.asp

I am carrying my short position with stop loss of 5386.Any close above this level will be for buying.

3 High MA-5386

3 Low MA-5312

3 Close MA-5343.

Nifty hourly

2010-04-10T19:12:00.003+05:30

Nifty Day

2010-04-10T19:11:00.004+05:30

Nifty weekly

2010-04-10T19:11:00.002+05:30

Nifty intraday update

2010-04-08T15:23:00.001+05:30

Nifty spot -5301.50

High MA-5382

Close MA-5330

Low MA-5310

GO SHORT IN NIFTY.

short term weakness in nifty.Expect gap down opening tomorrow

Nifty chart -3

2010-04-07T19:45:00.003+05:30

We have noticed significant increase in both 5300 put and 5400 call,rangebound market.Must watch the world market how it progress.

Nifty spot - 5375

3 MA high - 5388 (bit weakness in price but should be followed by close below 3 low MA)

3 MA close - 5370

3 MA low - 5329

Past two days correction is seen in intraday day only,so no significant change in day data.

Nifty chart -2

2010-04-07T19:44:00.003+05:30

Nifty chart -1

2010-04-07T19:42:00.002+05:30

Nifty intraday update

2010-04-07T15:16:00.005+05:30

Closing below 3 day high MA will put halt in up move for short term in nifty.confirmation of complete weakness will be only if nifty closes below low MA.

please combine these with other technical indicators also.

Nifty chart-2

2010-04-06T19:45:00.003+05:30

Nifty chart-1

2010-04-06T19:44:00.001+05:30

Nifty intraday update

2010-04-06T12:07:00.004+05:30

Nifty chart

2010-04-06T08:42:00.003+05:30

Nifty spot:5369 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5337

3 Day close ma @ 5322

3 Day low ma @ 5268

Nifty is nearing the weekly parallel line target at 5430-5450.Now the 52 high(5320-5330) breakout level becomes support for short term.As far as it nifty holds above 5320-5330 the
weekly target is intact.

Nifty pivot:

S2-5292
S1-5330
Pivot-5354
R1-5392
R2-5416

Nifty intra update- 3:25

2010-04-05T15:24:00.001+05:30

Nifty spot:5369 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5337

3 Day close ma @ 5322

3 Day low ma @ 5268

can carry forward long position.

Nifty intra update- 3:05 pm

2010-04-05T15:05:00.001+05:30

3 MA Rule update

Nifty spot:5368 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5336

3 Day close ma @ 5321

3 Day low ma @ 5267

Nifty intra update-11:45

2010-04-05T11:42:00.002+05:30

3 MA Rule update

Nifty spot:5337 cmp

Trend:very strong (since closing above 3 day high ma)

3 Day high ma @ 5318

3 Day close ma @ 5306

3 Day low ma @ 5267

Nifty hourly chart - 3

2010-04-03T11:34:00.002+05:30

3 day rule...

3 day high MA-5306(Closing above will indicate fresh buying)
3 day close MA-5266
3 day low MA-5245(closing below will indicate fresh selling)

Nifty day chart - 2

2010-04-03T11:33:00.004+05:30

Nifty weekly chart - 1

2010-04-03T11:32:00.004+05:30

3 day high,low,close strategy

2010-04-01T12:03:00.004+05:30

3 day rule...

I like to introduced a new Strategy for trending market which i have learnt from niftydoctor blogspot.It produces excellent return in trending market but failure in range bound market.Given the risk reward ratio of 70:30.

I have setup 3 day high moving average,3 day close moving average,3 day low average
A close above 3 day high moving average is a buy signal with 50% stoploss at 3 day
close moving average and 50% stop loss at 3 day low moving average.Same as for short position also.

For past performance look at the chart below and how it has produced many signals.In general
we use three day close for any breakout confirmation same it is been used here.The same strategy is been used in niftydoctor.blogspot.Credit goes to him!

Watch the last 15 minute trade if there is possblity of closing below or above 3 day low MA OR
3 day high MA then initiate fresh long or short accordingly.

This strategy is best used for day chart, in hourly chart it gives whipsaws.

Below is the chart,using the 3 day strategy it has given excellent return in trending market

Below is the another chart which shows the failure to work in the range bound market.

Rules:

1)If prices closes above 3 day high MA go long .

2)Initiate stoploss at 3 day close MA(50%) and remaining 50% stoploss at 3 day low MA.

3)If prices closes below 3 day low MA go short.

4)Initiate stop loss at 3 day close MA(50%) and remaining 50% stoploss at 3 day high MA.

For experienced technical analyst,they can use it will MACD,STS,RSI(14) for excellent returns.

Happy trading!

Nifty chart

2010-04-01T08:44:00.000+05:30

Nifty chart update-3

2010-03-30T19:55:00.002+05:30

Nifty chart update-2

2010-03-30T19:54:00.001+05:30

Nifty chart update-1

2010-03-30T19:53:00.000+05:30

Nifty chart update-3

2010-03-29T19:18:00.002+05:30

Nifty chart update-2

2010-03-29T19:17:00.000+05:30

2010-03-29T19:16:00.000+05:30

Nifty chart

2010-03-26T08:31:00.000+05:30

Nifty future chart update-4 (hourly)

2010-03-25T08:48:00.002+05:30

Nifty future elliot chart update -3(daily)

2010-03-25T08:47:00.000+05:30

Nifty future chart update -2(daily)

2010-03-25T08:46:00.001+05:30

Nifty spot chart update -1 (weekly)

2010-03-25T08:45:00.002+05:30

Nifty chart

2010-03-23T08:21:00.002+05:30

Market expected to be volatile ahead of expiry.Support remains at the low of yesterday,trading below the low of yesterday will take to 5180 and 5150 levels.

We see a bearish candle in EOD chart the weakness should be continued by breaking the low or else move up to 5245-5260 levels is possible.

Nifty chart - 2

2010-03-19T08:36:00.002+05:30

Nifty chart - 1

2010-03-19T08:35:00.000+05:30

Nifty chart

2010-03-18T08:34:00.000+05:30

Nifty chart elliot wave count

2010-03-17T08:56:00.002+05:30

Nifty chart weekly

2010-03-17T08:55:00.001+05:30

Nifty chart - 1

2010-03-17T08:54:00.001+05:30

Nifty chart - 2

2010-03-16T08:38:00.002+05:30

Nifty chart - 1

2010-03-16T08:36:00.001+05:30

Nifty chart update - 2

2010-03-15T08:56:00.003+05:30

Nifty chart update-1

2010-03-15T08:54:00.001+05:30

Nifty chart

2010-03-10T20:39:00.003+05:30

Nifty chart

2010-03-10T08:48:00.002+05:30

Nifty chart

2010-03-08T19:22:00.000+05:30

Nifty chart

2010-03-07T12:52:00.001+05:30

Nifty chart

2010-02-09T21:32:00.003+05:30

Market broke the yesterday's high and close at the higher level making temporary bottom.Looking at the global cues expect our market to open gap.If sustains at the higher levels(Above 4830) then next target will be around the level of 4910-4920.

Breaking and close above 4910-4920 will reverse the short trend to upward and even making new
52 week high.Support remains at 4775-4780 levels breaking will take to 4730 and 4680 levels.

Nifty chart

2010-02-08T20:46:00.003+05:30

Nifty chart

2010-02-08T08:37:00.002+05:30

Nifty faces resistant at the level of 4775-4780 levels which is a upward trend line resistant.Trading above this level will take to 4825-4830 levels in intraday.

Support remains at the level of 4690-4680 levels trading below this will take to 4550-4600 levels.
But in today's trade we expect this level to hold.

Maximum downside is 4550-4600 and maximum upside is 4900-4950 levels as far as this week is concerned.

Nifty chart

2010-02-05T08:38:00.004+05:30

Nifty chart

2010-02-04T08:19:00.002+05:30

Nifty tested the resistant at 4940-4950 levels.Nifty is trying to fill the gap at the level of 4990-5000 levels. now if trades below 4885 then it will test the level of 4800 levels.Now if the level of 4800 is broken then we may see a panic selling in the market(That we dont expect in short term,since the day chart is in oversold).Expect flat market today.

Nifty chart

2010-02-02T20:22:00.001+05:30

Nifty chart

2010-01-31T12:52:00.004+05:30

Nifty daily chart for 29/01/2010

2010-01-29T08:38:00.002+05:30

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

2010-01-27T21:37:00.002+05:30

Nifty daily chart update for 27/01/2010

2010-01-27T08:41:00.002+05:30

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

2010-01-25T09:14:00.001+05:30

Nifty daily chart update for 15/01/2010

2010-01-15T08:37:00.002+05:30

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

2010-01-14T08:39:00.002+05:30

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

2010-01-12T19:47:00.003+05:30

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

2010-01-11T20:29:00.003+05:30

nifty daily chart update for 08/01/10

2010-01-08T08:59:00.002+05:30

Nifty daily chart update for 07/01/2010

2010-01-07T08:37:00.002+05:30

Nifty daily chart update for 06/01/2010

2010-01-06T07:32:00.002+05:30

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

2010-01-04T21:52:00.003+05:30

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

2010-01-04T08:36:00.002+05:30

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!

Nifty daily chart update for 30/12/2009

2009-12-30T08:44:00.003+05:30

We expect the market to correct a bit before moving up.The correction may to take to level of 5130-5140 levels.Below that it can move down to 5100 levels.

Wait for taking long position since market is in consolidation mode.

Resistant is placed at yesterday's high at 5215-5220 levels move above this will take to 5250-5260
levels.

Support is placed at yesterday's low(5176) below that it can move down to 5130-5140 and ultimately to the target of 5100 levels.

Stock to watch

ABIRLANOVA -BEARISH VIEW
TATAMOTORS -PROFIT BOOKING EXPECTED
WIPRO - PROFIT BOOKING
JPASSOCIATE-BULLISH VIEW

Nifty daily chart update for 29/12/2009

2009-12-29T08:53:00.002+05:30

Nifty daily chart for 24/12/2009

2009-12-24T07:30:00.002+05:30

Stock to watch

Tata steel
sail
3infotech
LT
STC india
Sintex
PTC

Nifty daily chart update for 23/12/2009

2009-12-23T07:33:00.002+05:30

Nifty daily chart update for 22/12/2009

2009-12-22T07:41:00.002+05:30

Nifty daily chart update for 21/12/2009

2009-12-21T08:51:00.000+05:30

Nifty daily chart update for 18/12/2009

2009-12-18T07:48:00.002+05:30

Market is still week so any rise in the market can be used for taking short position with stoploss of 5080 levels.

Trading below 5000 will be panic up to 4930-4950 levels.Dont short in the opening bell wait for 15-20 minutes and take the short position for today's trade.Rebound likely in first hour of the today's trade.

Best to your trading!

Nifty daily chart update for 17/12/2009

2009-12-17T08:47:00.001+05:30

Nifty daily chart update for 16/12/2009

2009-12-16T07:26:00.002+05:30

Nifty daily chart update for 15/12/2009

2009-12-15T09:32:00.002+05:30