Here is your free Nifty analysis for 31-12-2009.
Nifty could not go above the new high made recently.The option figures show that resistance is at 5213 and support is in between 4900 and 5000. Let us see whether Nifty finishes with a new high.
Here is your free Nifty analysis for 30-12-2009
Nifty made a new yearly high at 5214 but could not stay above 5200. But it is interesting to note that it has not come below previous close.Today also if Nifty stays above 5177 ,it may reach new high.In the contrary since Nifty could stay above 5200 Nifty may come down to 5100 and 5000 level to take support.Since tomorrow will be closing of derivative contract for the month of December market will be very volatile.Weak hearts may stay away from market.
Here is your free Nifty analysis for 29-12-2009.
Nifty has beaten the resistance at 5177 and touched 5198 and closed at 5178.If Nifty stays above 5200 we may see Nifty going to 5300 and above.
Resistances are 5196,5211,5228,5255,5265,5285,5303,5350,5377.
Supports are 5159,5142,5138,5123,5108,5092,5055,5005,4995,4970,4953. I have give more points in resistances and supports since I feel Nifty being volatile due to closure of derivative contract ,it may encounter frequent ups and down.
Here is your free Nifty analysis for 24-12-2009.
Nifty was above 4990 and 5000 throughout the day and finished at 5144.60 after touching 5150.Today if Nifty goes above 5157 the trend will be up.Below 5130 Nifty may touch 5066 and below which it may come down to 5000.
Resistances are 5150,5166,5177,5183,5200,5230,5250,5273,5300.
Supports are5130,5125,5113,5005,4995,4980,4970,4955,4920,4900,4880.
Here is your free Nifty analysis for 23-12-2009.
Nifty closed at 4985 after opening at 4952 it was very volatile throughout the day.In the process it touched 4997 as high.If nifty stays above 4990 and 5000 it may go up .
Resistances are5005,5025,5035,5047,5055,5088,5100,5113,5132.
Supports are4953,4935,4921,4904,4880,4870,4850,4820,4800.
Here is your free Nifty analysis for 22-12-2009.
Nifty is not going up but coming down .Will it cut 4950 to go below? Watch the movement of Nifty .The puts of 4900 and 4800 are more as well as the 5000,5100 calls are also see more action.Lot of selling is seen in call option(call writing)This shows that market players are expecting Nifty to be resisted at 5000 and 5100.
Nifty may come down to 4942,4925 and move upward.
Below Nifty may come down to 4904,4880and 4800.
Here is your free Nifty analysis for 21-12-2009.
Nifty is in the mood of coming down. If Nifty comes down below 4966 it will go down to touch 4800 again.Below 4800 nifty may go to 4784 and 4750.On the contrary if Nifty moves above 5000 and crosses 5113 and stays above it will face resistance at 5130 region and above which Nifty will have resistance at 5177.
Here is your free Nifty analysis for 18-12-2009.
Nifty closed at the same level opening on 17-12-2009.This shows indecision again.I am having the same opinion as yesterday.
So long as Nifty stays above 5000 it may take upward journey.
Here is your free Nifty analysis for 17-12-2009.
Nifty was dancing near the yearly top and could not sustain above and took a beating to touch 5002 on 16-12-2009 .From 5002 it raised and closed at 5042 very near to the opening point of 5033.This shows indecision.From this point Nifty may take up a Christmas rally.
Resistances are 5055,5067,5078,5092,5108,5135,5150
Supports are 5020,5004,4995,4985,4945,4899,4882,4856,4800.
Here is your free Nifty analysis for 15-12-2009.
Nifty still gets resisted at top near 5177 and comes down. If nifty goes below 5100 it may get support at 5057 and below at 4995. If it closes below 4995 Nifty may get support at 4800 level.Above 5183 we may see 5200 and 5273.
Here is your free Nifty analysis for 14-12-2009.
Nifty couldnot stay above 5182. It went upto 5183 and came down and finished at 5110 level. Low level support still exists at 5057 and if Nifty goes below this level we can find Nifty at 4900 and 4800 levels.Nifty has to cross 5167 to be on upside. If Nifty goes above 5183 convincingly it may go to 5200 ,5273,5300.
Traders can sell Nifty at 5180 level with stop loss at 5183.And buy at 5067 with stop loss at 5057. All are Nifty index levels.
Here is your free Nifty analysis for 11-12-2009.
Nifty closed at 5135 after going to resistance level of 145. Nifty is getting resisted at the level of 157. Today if nifty sustains above 5084 it may reach 5177 and 5181.But remember only if Nifty goes decisively above 5145 and 5181,we may see some upside.Below 5057 we may see downside.
Here is your free Nifty analysis for 10-12-2009.
Nifty is playing below 5177 and having support at 5057 . If nifty goes above 5177 it may go to new high of this year.If nifty goes below 5057 it may again go to 4900 and below which it will touch 4800. Day traders are making money.Swing traders can buy near low with stop loss.
Here is your free Nifty analysis for 03-12-2009.
Nifty had a volatile journey on 2-12-2009.Nifty could not go up above 5181. Unless Nifty goes above 5181 there will not be upside.My yesterdays view holds today also.
Here is your free Nifty analysis for 02-11-2009.
Nifty has crossed 5087 and closed at 5122 after touching 5130.Next resistance will be 5150 and above which Nifty may go to 5177 , 5181 and face resistance. If it is closing at 5181 range it is like closing at double top. Next day Nifty may take a dip.If Nifty is able to close above 5181 then resistance will be 5200,5230,5250,5267.Below 5087 it may go to 5054,5022,5005,4995,4980,4950.
Here is your free Nifty analysis for 01-12-2009.
Nifty tends to come down from the day high. It has closed above 5000 level at 5032.Now it has closed below our earlier mentioned level of 5084 and 5087 and hence next upward level will be 5084 range. Nifty will go up above 5084.Down side it may take support of 4811.If it breaks there will be more down side.
Here is your free Nifty analysis for 30-11-2009.
Nifty took a beating due to the Dubai world debt problems and recovered from 4800 level to end at 4942.Nifty has support at 4860 and below which it may touch 4800 again.Below 4800 it may take support at 4780,4760and4730,below which 4712and 4694.
Nifty has to close above 5000 to regain its upward movement.
Here is your free Nifty analysis for 27-11-2009.
Nifty opened below my first resistance and took support near my last support 4990(4986) and closed at support level of 5006.Till Nifty is above 4744 it may go up. 5006 level is a good support level and Nifty may rebound from this level.
Resistances are 5018,5035,5053,5076,5100,5118.
Supports are 4995,4986,4945,4900,4898,4856.
Here is your free Nifty analysis for 26-11-2009.
Nifty has closed above 5100 . However it has to be above 5181 for the uptrend to continue.
Resistances are 5119,5138,5150,5177,5182,5200,5230.
Supports are 5087,5078,5053,5044,5004,4990.
Here is your free Nifty analysis for 25-11-2009.
Nifty reacted after reaching 5110 and came down to 5091 after much volatility.Puts are more in the system .One has to be very carefull in going long at this juncture.If Nifty goes below 5054 we can see more down side. Since November contract is closing on 26th market will be very volatile. Much caution is required for trading.
Here is your free Nifty analysis for 24-11-2009.
Nifty went past 5087 and touched 5113 and closed at 5104. Today it may go to 5182 and get reacted.
Resistances are5119, 5127,5159,5177,5181,5200
Supports are 5087,5053,5035,5027,5003.
Below 5003 Nifty may go to 4935,4953 and rebound from that range.
Here is your free Nifty analysis for 23-11-2009.
Nifty is entering into another derivative expiry week. market will be volatile and we can expect values touching the higher end of the range as well as the lowerend.Nifty has to be above 5087 to be on high side. Lower bottom may be 4890 range. High risk traders can make tons of money. Safe players may watch from sideline.
Here is your free Nifty analysis for 20-11-2009.
Nifty came down as low 4964 where as the support is at 4920 region. Nifty if it goes below 4920 and 4900 it may go to4880. Below 4880 Nifty may get support at 4800.On upside Nifty should close above 5000 to be in upside.
Here is your free Nifty analysis for 19-11-2009.
Nifty couldnot go above my resistance level Of 5087. After reaching that level it is becoming volatile.Regarding levels I hold the same levels mentioned here ,two days ago. Nofty has to hold 4900 and should not go below. If it goes below Nifty may touch 4800.
Here is your free Nifty analysis for 18-11-2009.
Nifty stayed below 5087 and it was volatile on 17/11 . IT touched 5010 and rebound to close at 5065 .I have the same view as yesterday.
Here is your free Nifty analysis for 17-11-2009.Nifty has to move above the resistance at 5087 and close above 5120 to be positive.If it struggles to move above this level and comedown below 5000 Nifty may test 4935 , 4920,4900.Nifty should not close below 4900.Below 4900 Nifty may take support at 4870 level.
Here is your free Nifty analysis for 13-11-2009.Nifty may take cues from Asian market and open low. If Nifty does not go below 4900 and stay above that level ,it may touch 5000 and above. But it will have resistance at5050 and at5100.Below 4900 nifty may test4880 ,4850, 4830 and 4808.
Here is your free Nifty analysis for 12-11-2009.
Nifty closed above 5000 and is above important moving averages.If nifty stays above this level it can reach 5200.Downside it should not go below 4900 to keep the uptrend.
Here is your free Nifty analysis for 11-11-2009.
Nifty could not stay above 4900 and came down .Nifty has support at 4800 and if it goes below it may find support at4730-4740, below which it may go to 4711 and 4700.It has to be above 4700 to keep the trend up.
Here is your free Nifty analysis for 23-03-2009.
Here is your free Nifty analysis for 06-11-2009.
Here is your free Nifty analysis for 05-11-2009.
Nifty has come down like I had written on 30-10-2009.Nifty rebounded from 4567 level to close at 4700 level. If Nifty opens above yesterday's high and stays above 4600 we may see upward swing. If Nifty goes below 4567 then it may take support at 4500 and below at4400.Always hedge with at the money puts.
Here is your free Nifty analysis for 30-10-2009.
Nifty is breaking all the support levels and closed above 4705. If Nifty goes below 4731 and 4700 then there is no stopping till 4600.Below which we can see the August levels.(4500)
Nifty has to be above 4800 to show some upward movements.
Here is your free Nifty analysis for 29-10-2009.
Nifty is near the 4800 support and below which it may take support at 4784 which is yesterday's low. Below which it may get support at may get support at 4731 and 4705 . It may get final support at 4650 and 4600.It has too move above 4900 to show some upward movement.
Here is your free Nifty analysis for 26-10-2009.
Nifty is entering another week when the month's derivative contracts are closing .This will cause yet another volatile week.Nifty is at the support level of 4985 and we may see some volatile movements .Nifty may open high and slide below. If it opens above 5054 then we may see some movements upwards.
Here is your free Nifty analysis for 22-10-2009.
Nifty has closed at 5064 which is very good support level and if it goes further down it will take support at 5003 , 4985,4920,4900.
Nifty has to be above 5095 to be on upper side.
Here is your free Nifty analysis for 21-10-2009.
Nifty will be in sideways movement.If Nifty goes below 5100 It may go to 4990 and take support.If bearish trend exista it may go to 4900.When ever you buy any thing buy with stoploss.
Here is your free Nifty analysis for 16-10-2009.Nifty is at a very crucial position.If it goes below 5077 it may go to 4980 ,4950,4900 and below.See the accumulation of 5000put and 4900 put.
Resistances are 5165,5199,5251,5323
Supports are
5016,4900,4948,4800,4869,4800,4780.
Here is your free Nifty analysis for 14-10-2009.
Nifty has gone past 5031 and closed at 5054 after touching 5068.13th was a holiday and Divali is fast approaching.Nifty can reach 5100 and above to meet resistance at 5166 .If it cannot move up and closes below 4945 Nifty may go to 4900 below which there will be more downside.
Here is your free Nifty analysis for 09-10-2009.
Nifty closed at 5002 after staying around5031 area.It touched 5043 as high and registered 4972 as low and closed at 5002. This shows that 4970 region proves a good support point. See previous few day's closings.Today if this level is held Nifty will be taken to 5031 and above.
Follow up: I see there is no harm in holding 5000c and 5000put for next week.
Here is your free Nifty analysis for 08-10-2009.
Nifty is still below 5110 and was testing 5031 many times after touching 5000 level on 7-10-2009. Finally due to selling pressure Nifty closed at4985.
Support are 4973,4966,4944,4900,4890,4870,4830,4808.
Resistances are 5003,5020,5031,,5077,5084,5100,5111,5126,5166.
Here is your free Nifty analysis for 06-10-2009.
Nifty came below 5031 and shed its gain and settled at 5003 as I had mentioned in yesterday's posting.In 3months chart oscillaters are showing bearish trend and in eod chart it is showing slightly positive.Today If Nifty opens above 5076 and does not go below yesterday's low of 4991 we can see higher side.Till Nifty is below 5110 we can expect bear attack.
Here is your free Nifty analysis for 05-10-2009.
Nifty has gone above the resistance of 5031 and closed at 5083.As long as Nifty stays above 5080 and does not go below 5031 ,it may reach 5166 and above.Any how the initial huddle will be 5110.
Resistances are 5088,5105,5110,5136,5166,5200,5231.
Supports are 5057,5036,5017,5003,4985,4966,4900,4890,4808.
Here is your free Nifty analysis for 01-10-2009.Nifty has passed above resistance of 5031 and closed at 5083. Next resistance will be 5166.Above 5166 Nifty may touch 5200 .
Resistances are 5105,5115,5143,5160,5184,5207,5228,5247.
Supports are 5071,5039,5025,5003,4990,4980,4945.
Follow up: In earlier posting in shout box I had suggested to buy 5000put and if Nifty goes above 5034 ,to buy 5000c .Those who followed up would be in the money.
Here is your free Nifty analysis for 29-09-2009.Nifty has started very subdued way and closed negatively in the last week.Nifty will be positive only above 5036 up to which it will meet resistance.Down side 4783 is the support which has to be protected.Below which we will see more down side.
Resistances are 4985,5005,5017,5036.
Supports are 4944,4931,4904,4895,4856,4820,4805,4783.
Here is your free Nifty analysis for 24-09-2009.
Nifty met with selling pressure at5030 and came down to 4957 and took support and closed around 4970.Nifty will be volatile today due to the closing of derivative contracts of September. It is worthwhile if investors stay away and watch from side line.
Here is your free Nifty analysis for 23-09-2009.
Nifty closed above 5000 and its target is 5166.
Resistances are 5020,5036,5049,5072,5098,5120.
Supports are 5003,4995,4980,4940,4917,4900.
Here is your free Nifty analysis for 22-09-2009.
Nifty is nearing the settlement day and market will be very volatile.We will be better off by staying in side lines.If any steep fall is seen and Nifty is above 4780 we can buy in good scrips and hold.
Here is your free Nifty analysis for 21-09-2009.
Nifty touched the resistance of 5003 and came down. After wards it could not go above 5000.
Resistances are 4988,5003,5039.4,5109,,5202.
Supports are 4948,4877,4790,4695,4650,4600,4597.
Here is your free Nifty analysis for 18-09-2009.
Nifty faced resistance at 5003(see my yesterday's postings) and came down and took support at(4958.40 4958.55 5003.05 4944.15 4965.55)4944.15 and closed at4965.55.
Resistances are4975,4995,5003, 5034.
Supports are4950,4900,4922,4862,4800.
Here is your free Nifty analysis for 17-09-2009.
Nifty is nearing its intermediate target. Any time it can take turn downwards.Always buy with stoploss. Nifty may open high above previous day close(4892.10 4894.65 4966.30 4894.65 4958.40).
Resistances are 4981,5003,5044,5064
Supports are 4900,4895,4889,4805,4783.
Here is your free Nifty analysis for 16-09-2009.
Nifty is near its short term target. 4900 is the resistance. 4890 is the support. below 4890, 4885 ,4877,4870,4850,4810 are the supports.Below 4800 it may touch 4700 and 4600 levels since activities of put action around these levels are seen.
Above 4900 It may reach 4938,4978 and 5000.
Here is your free Nifty analysis for 11-09-2009.Nifty finished near 4800 at 4819.4( 4814.25 4814.35 4889.05 4807.90 4819.40).It may find support at 4805 . Below 4800 supports are4785,4753,4703,4600,4640,4562,4487.Above 4800 it may touch 4914 and 4968.
Here is your free Nifty analysis for 10-09-2009.Nifty touched 4825 , met selling pressure and took support at 4786 (4805.25 4804.90 4825.05 4783.50 4814.25 ) and closed 9 points above previous close. And it was very volatile on 09-09-2009.
Today Nifty has to cross 4825 and pass the resistance at 4842 to be in up mode.Further it may face resistance at 4920 and 4973. On down side it may have support at 4700,4635 and 4560.
Here is your free Nifty analysis for 09-09-2009.Nifty went past 4800 and the resistance became support .Nifty took support at 4782 (4782.90 4782.85 4842.20 4782.65 4805.25) and closed at 4805.
Today if nifty goes below 4800 level the support will be 4785 and below which 4700. The OI is high for 4600 put and it will play a major roll in arresting the down fall.
Nifty has to go above 4850 to be on upper side.we can buy 4800 call and 4800 put and carry till the settlement day. In the mean time any swing can be used to book profit.
Here is your free Nifty analysis for 08-09-2009.Nifty may face resistance around 4800 and support near 4700.Below 4700 it may get support near 4633.
Here is your free Nifty analysis for 04-09-2009.
The same view as yesterday's post holds good for today also.Here is your free Nifty analysis for 3-09-2009.
Nifty may touch 4400 and move up from there.Below 4570 downside and above 4700 resistance is 4731.Above 4611 Nifty may reach 4650 and face resistance. Below 4570 Nifty will get support around 4500 below which there is support only at 4400.Here is your free Nifty analysis for 01-09-2009.Nifty retraced to 4731 level and coming down (4732.35 4730.85 4730.85 4635.00 4662.10) since the trust is not very strong. We may see 4400 again before Nifty takes up its upward journey. Resistances are 4679,4688,4700,4731,4744 Supports are4642,4635,4605,4583,4563,4524,4500.
Here is your free Nifty analysis for 21-08-2009.Nifty stayed below 4600 and came down.It was resisted at4500 and came down and closed at 4453.One hope for bulls is it closed above 4400. Today bulls may take Nifty above 4500 to test the resistance of 4600.
Viewers can buy 4600 call and 4300 put.
Here is your free Nifty analysis for 19-08-2009.Nifty has formed a bearish pattern and we may see down movements. Nifty has to move decisively above 4600 to be on uptrend. Below 4400 it will be down and above 4400 it will move to next resistance of 4600.
Resistances are 4474,4491,4502,4510,4529,4569,4586,4605
Supports are4440,4434,4424,4410,4400,4390,4375,4350.
Here is your free Nifty analysis for 18-08-2009.Nifty has closed below 4400 our last support given yesterday at 4387 (4580.05 4578.80 4578.80 4374.60 4387.90).
Resistances are 4399,4427,4435,4440,4469,4505,4529,4564,4600.
Supports4375,4349,4338,4305,4294,4267,4247,4205.
Here is your free Nifty analysis for 17-08-2009.Nifty
settled at 4580(4605.00 4605.15 4619.00 4559.35 4580.05).If Nifty goes below 4529 it will go to 4500 and take support. Below 4500 it will go down to 4440.Nifty will have to move above 4538 to be in uptrend.It looks like Nifty will move side ways for some time.Take your call on seeing the trend.
Resistances are 4583,4592,4600,4618,4638,4670,4693,4706,4643.
Supports are4571,4559,4538.4524,4505,4487,4440,4400.
Here is your free Nifty analysis for 14-08-2009.Nifty has reached resistance level of 4600. If Nifty moves above 4638 it will go to 4683 levels.
Resistances are 4618,4638,4657,4680,4693,4706,4717,4734.
Supports4600,4592,4582,4564,4552,4529,4502.
Here is your free Nifty analysis for 13-08-2009.Nifty touched near the the support level of 4350 (prv close4471.35 o4473.80 4473.80 4359.40 cl4457.50 ) and rebounded.The level 4400 is defended by closing at4457.50.Now Nifty will take support at 4440 below which it may touch 4350 again.Market will be cautious due to not so good monsoon.
Resistance4469,4487, 4502,4524,4538,4552,4569,4572,4583,4600
Support 4435,4399,4380,4369,4351,4341,4294.
Here is your free Nifty analysis for 11-08-2009.Nifty has come below 4440 and rebounded from 4400 level to close at4437 .Today also we can expect Nifty spot to touch 4400 . If it goes below 4400 then we can see 4300 and 4250 levels.
At this juncture we can play straddle by buying 4400 call and 4400 put. with more bias towards bear side.
Resistances are 4440,4469,4480,4505,4524,4572,4586,4601.
supports are 4400,4380,4352,4341,4307,4294,4267,4247.
Here is your free Nifty analysis for 07-09-2009.Nifty could not go above 4731 comfortably and came down to 4580 level.
Resistances are
4600,4611,4637,4643,4681,4694,4706.
Supports are 4572,4566,4559,4524,4505,4479,4450,4437,4428,4410,4400.
Here is your free Nifty analysis for 6-08-2009.Nifty
could not go above the recent top of 4724 and finished at4694.It looks like Nifty will go down from this level.
Resistances are4706,4717,4738,4754,4772,4803,4813,4851.
Supports are4681,4657,4628,4611, 4603.
Based on option resistances are4720,4732,4744,4767,4790,4823,4863,4921,4984,5057.
supports are 4678,4656,4620,4587,4539,4480,4415,4340,4260.
Here is your free Nifty analysis for 04-09-2009.
Nifty is gaining strength day by day and come to a stage from where it may take any direction,downward or upward.
Resistances are4724,4740,4759,4796,4804.
Supports are4693,4680,4670,4637,4611,4600.
Here is your free Nifty analysis for 03-08-2009.Nifty is at very important resistance area.It has to go above 4700 and settle there. Then only it will go up to 4800 and above.
Resistances are4650,4670,4680,4693,4708,4718,4732,4753,4792.
supports are4624,4600,4583,4572,4566,4552,4538,4510,4502,4480,4440,4424,4406.
Above 4800 it may reach4893 and below 4400 it may reach 4200.
Here is your free Nifty analysis for 29-07-2009.
Nifty again formed a doji. If again today if nifty forms another doji we can see more down side.Nifty may go either way. So we can buy a straddle of call 4600 and 4600 put of August month. The timing of buying you can decide according to the market movements.
Here is your free Nifty analysis for 28-07-2009.
Nifty has formed a doji in 3 months chart and it a shows indecision.The market may go up or down. by seeing the option volumes it is biased towards bears.
The resistances are 4569,4585,4601,4611,4638,4680,4693.
The supports are 4525,4505,4488,4478,4453,4440.
By studying option values
Resistance are 4525,4578,4583,4604,4648,4717,4805.
supports are 4529,4471,4390,4296,4197,3998.
Here is your free Nifty analysis for 24-07-2009.
Resistances are4540,4551,4569,4602,4655,4725.
Supports are4512.8,4502,4482.2,4431.4,4363.25,4281.15}
Here is your free Nifty analysis for 23-07-2009.
Nifty has held support of 4380 and defended 4400.(yesterday's close was 4399).Nifty may go either way .If it goes below 4300 then more downside can be seen.
Resistances are4437,4454,4489,4502,4524,4554.
Supports are4390,4378,4362,4341,4301.
Here is your free Nifty analysis for 22-07-2009.Nifty faced resistance at 4524 and came down and closed at 4469.10(Pr close 4502.25 Open 4501.50 high 4524.00 low 4436.60 close 4469.10).Nifty could not keep up the expectation of moving high.The support of 4440 is held (actual low was 4436.60) and it could not pierce my second resistance 4530 mentioned yesterday.
Resistances are 4478,4502,4518,4530,4545,4562,4583,4600.Here is your free Nifty analysis for 21-07-2009.
Nifty has closed at 4500.(Prev4374.95 Close 4377.90 High 4510.30 Low 4377.90 Close 4502.25)Today also market may take the cues from world market and go up.
Resistances are4518,4530,4552,4583,4611,4638,4680,4693.
Supports are4480,4440,4427,4405,4392,4380,4352,4338,4307.
Here is your free Nifty analysis for 17-07-2009.
Nifty has held the support of 4200 and closed at 4231. It is interesting to note that Nifty went to 4300 and met selling pressure. Today nifty has to go above 4300 to be positive.Similarly it has to go below 4200 to be negative.
Here is your free Nifty analysis for 16-07-2009.
Nifty went up to 4249.55 and came down and closed at 4233.50(Pr cl4111.40 open 4120.80 high 4249.55 low 4118.75 close 4233.50)
Resistances are 4244,4250,4267,4294,4307,4338,4352,4375,4391,4406.
Supports are4202,4166,4143, 4129,4115,4092,4040,4004.
Here is your free Nifty analysis for 14-07-2009.
Nifty has held the support near 4000 that is 3974.05(which is my first support given on 13/7/2009).Today nifty may go up since it has formed a hammer in the three months chart. But the pattern is bullish or not it has to be confirmed today with a white candle.
Resistances are 3990,4003,4038,4050,4080,4092,4117,4143,4202.
Supports are 3920,3900,3862,3836,3800.
Here is your free Nifty analysis for 13-07-2009.
Nifty is near the support level of 4000. If Nifty goes below 4000 it may go to 3800 level.If it stays above 4000 it may face resistance at 4128.
Resistance are4038,4050,4081,4092,4117,4128,4143,4202.
Supports are 3975,3955,3920,3862,3836,3800.
Here is your free Nifty analysis for 10-07-2009.Nifty is wek below 4200 like i have told before and went below my target of 4092 and finally closed at 4080.Lot of shorts are in the system and we may see more down to 3700 and below. Viewers can go for strangle strategy with strike rates of 3600 put and 4200 call. If market struggles to go above 4200 then book profit in call portion.
Here is your free Nifty analysis for 08-07-2009.
Nifty has to sustain above 4200 then only upside, below 4143 more downside.
Here is your free Nifty analysis for 07-07-2009.
Nifty came down to 4195 and tried to close above 4200., but again selling pressure dragged to 4134 and closed at4166 defending the support level of 4143.
If Nifty goes below 4200 then it may go to 4143,4111,3710,3692,3680,3616,3593,3550.
Here is your free Nifty analysis for 06-07-2009.
Nifty closed positive on the last day of the week.Today is budget day and market may move in either way.4200 and 4400 are the low and high levels beyond which Nifty my go to 4092 at lower side and 4530 at higher side.
Today in line with railway budget FM may announce many sops depending which market will move up.But later the reality of the economic slow down and the doubts regarding how the promises will be met will pull the market down.
Here is your free Nifty analysis for 03-07-2009.Nifty is volatile due to the budget blues.The traders are making hay when sun shines.They are selling when Nifty is near the resistance point(when nifty hesitates to move up after reaching a point and tries to go down) and buy when the down ward movement is stopped at lower point and tries to move up(support) and vice versa.
Nifty could not go beyond 4383 level and came down.Today Nifty may go down to 4143.
Here is your free Nifty analysis for 30-06-2009.
Nifty went upto 4440 and came down and closed near support level.Nifty will be pushed up by bulls expecting positive budget and bears will pull down expecting negative budget.
Resistances are4389,4395,4405,4414,4440.
Supports are4384,4375,4368,4354,4333,4307.
Here is your free Nifty analysis for 29-06-2009.
Nifty closed positively on the last day of the week.This type of up and down will continue for some time.Any how if nifty stays above 4400 we can see some upside.Below4300 we will see more down side.
Resistances are 4384,4399,4405,4420,4440.
Supports are4375,4363,4356,4333,4307.
Here is your free Nifty analysis for 23-06-2009.
On 22-6-2009 Nifty touched my second resistance level and came down and closed near my second support .Nearing the settlement day Nifty will be volatile and viewers can use the same strategy and levels mentioned here on 22-6-2009.
Here is your free Nifty analysis for 22-06-2009.
Nifty is at very important point.4200 is vital support region and below which we may find lot of low levels.Moreover this week is settlement week and we can see lot of movements either way.If you feel confident you can buy June month 4200 call when the market tanks and get out when market moves up. If you want to carry to the settlement buy 4200 put also if the market is not taking off .
Here is your free Nifty analysis for 18-06-2009.
Nifty came down to the level which was mentioned in this blog. now Nifty may see some upward movement from this level
Here is your free Nifty analysis for 17-06-2009.
Nifty was volatile yesterday.Nifty touched low of 4405 and closed at4517.95.Nifty is unable to pierce 4600 with confidence repeatedly and this shows that Nifty is facing selling pressure at the region of 4520 to 4600. So it is better always to be on safe side by hedging or fixing stop loss while trading.
Resistances are4530,4555,4575, 4587,4600,4611,4638,4655,4693.
Supports are4509,4484,4470,4428,4409,4384,4365,4355,4319,4270.
Here is your free Nifty analysis for 16-06-2009.
Nifty closedat 4484.On 8 th I had mentioned that4600 is a crucial point.Yesterday Nifty touched 4601 and came down.Today Nifty may touch 4400 and below.
Here is your free Nifty analysis for 12-06-2009.
Nifty is hovering around the resistance 4650 and 4680.Today it has closed below 4650.On 12-6-2009 if nifty moves above 4670 ,Nifty will have the target of 4774.
Resistances are4655, 4689,4680,4708,4727,4741,4754.
Supports are4621,4600,4586,4575,4563,4529,4503.
Here is your free Nifty analysis for 09-06-2009.
Nifty if it sustains above 4400 it will rebound to reach recent high.If not, it will come down to 4270 region.
Resistances are4449,4480,4509,4530,4585,4600.
Supports are4400,4384,4363,4344,4320,4272.
Here is your free Nifty analysis for 08-06-2009.
Nifty is at very crucial point. It may try to cross 4600 and if it stays above ,we can see 4750 range.But have a watch on the RSI values.It is hovering in oversold region.But it does not warrant any mass selling,just follow the trend.Play with fixing stoploss/hedging.
Resistances are4608,4620,4635,4650,4704,4750.
Supports are4585,4549,4523,4479,4450.
Here is your free Nifty analysis for 05-06-2009.
Nifty is moving around the resistance level of 4580 and if it cannot sustain above this level it may come down to lower levels of 4530 and below.As long as it stays above 4134 it will be biased upwards.Below which it may test 4030.
Resistances are4586,4610,4635,4650.
Supports are4560,4540,4509,4450.
Here is your free Nifty analysis for 02-06-2009.
World indexes are on fire and general euphoria has set in.Heavy buying may take place though the Indian scrips are nearing overbought zone.Here is your free Nifty analysis for 1-06-2009.
Nifty is in up mode till it comes below 3790.
Resistances are4488,4501,4515,4558,4582.
Supports are 4420,4400,4380,4314,4286.
Here is your free Nifty analysis for 29-05-2009.
Nifty is nearing its resistance level of 4400 and 4470.The supports are at 4000 and 3700 levels.
Resistances are 4350,4384,4400,4460,4509.
Supports are 4325,4318,4286,4256,4238,4205.
Here is your free Nifty analysis for 27-05-2009.Nifty experienced profit booking and came down..Nifty derivative contracts of this month are expiring on 28th of this month.So market will be very volatile.Viewers will be better off sitting on the sidelines.
Here is your free Nifty analysis for 26-05-2009.
Resistances are4240,4260,4270,4320,4384,4400.
Supports are 4220,4200,4156,4138,4115.
Here is your free Nifty analysis for 22-05-2009.Nifty is coming down .It may test the gaps which were created during theeuphoria caused by the unexpected positive election results.Moreover the settlement day is nearing.Nifty will be very volatile.Till Nifty does not come below 4000 we can buy on dips.Below 4000 ,3690 levels will prove major supports.
Resistances are4220,4240,4260,4280,4300,4323,4340,4360,4390,4400.
supports are 4190,4165,4138,4115,4093,4030,4002,3991,3975,3955,3926,3897.
Here is your free Nifty analysis for 21-05-2009.Nifty is taking a breather from its upward movement.Nifty is in the upward mode till it is above 4000 levels.
Resistances are 4284,4305,4345,4359,4400,4440,4500,4522,4550.
Supports are 4245,4225,4202,4190,4158,4111,4097,4041,3920,3897,3860.
It is better not to hold any position with out proper hedging.
Here is your free Nifty analysis for 20-05-2009.Nifty will be volatile today also.Viewers should be very cautious in going long. It is better to go for long straddle in Nifty option.
Here is your free Nifty analysis for 19-05-2009.Nifty hit the roof yesterday.We had 2 upper circuit breakers and trading was stopped for the day.Nifty may be very volatile and it is better to be on the side line.
Resistances are 4384,4399,4419,4435,4504,4515,4560.
Supports are 4335,4305,4275 ,4248, 4228,4200,4191,4166,4108.
Here is your free Nifty analysis for 18-05-2009.Nifty for the last 10 days has not passed above 3717 and it was trading range bound.See latest 3months graph of Nifty.Today Nifty may be taken above 3800 where may find resistance.What I feel the investors should be very careful and follow the trend only.
Resistances are 3692,3711,3733,3777,3805,3820,3850
Supports are3640,3620,3598,3583,3550,3535,3500,3491,3480.
Here is your free Nifty analysis for 15-05-2009.Nifty was very volatile. See latest 3months graph of nifty.Resistances are 3600,3620,3640,3656,3680,3709,3717. Supports are 3583,3568,3544,3519,3507,3498,3480.
Here is your free Nifty analysis for 14-05-2009.Nifty went upto 3709 range and started coming down.See yesterday's nifty graph.Resistances are 3640,3650,3665,3680,3690,3709,3717. Supports are 3620,3600,3582,3555,3535,3519,3507,3498,3480
Here is your free Nifty analysis for 13-05-2009.Nifty went upto 3690 range and started coming down. see the graph of Nifty of yesterday.. Resistances are 3690,3733,3777,3805,3850,3920,3950. Supports are 3660,3620,3600,3582,3555,3535,3519,3507,3498,3480.
Here is your free Nifty analysis for 12-05-2009.Nifty as said could not sustain above 3700 and came tumbling down.On 11-05-2009 closed at3554.Resistances are 3582,3610,3617,3621,3648,3664,3682,3700. Supports are 3535,3519,3507,3498,3480.
Here is your free Nifty analysis for 08-05-2009.Nifty still has to go above 3700 convincingly.It is facing selling pressure at the sight of 3700.viewers must not go long at this juncture.However they can go long intra day if nifty is not going below 3620.
Resistances are 3690,3700,3717,3733,3777,3800.
Supports are 3670,3654,3640,3617,3600.
Here is your free Nifty analysis for 7-05-2009.
Nifty couldnot pass and stay above 3700.We have to be very vigilant and use proper stop loss.If Nifty goes below 3620 it may go below and settle around 3500 before going up.
Resistances are 3662,3682,3717,3733,3777,3800,3821,3850.
Supports are
3606,3582,3537,3502,3498,3480.
Here is your free Nifty analysis for 06-05-2009.
Nifty has formed a doji in 3months chart.
Wheather it is a reversal sign or not we have to wait for conformation.Better not to go for long now. But you can play staddle.
Resistances are 3715,3733,3777,3800,3821,3850.
Supports are 3648,3607,3582,3537,3514,3502,3498,3480.
Here is your free Nifty analysis for 05-05-2009.
Nifty should go above 3800 to stay positive.Near 3700 Nifty may take a dive.It is prudent to play intra day only with proper stop loss.
Resistances are 3665,3715,3733,3777,3800,3821,3850.
Supports are 3648,3607,3582,3537,3514,3502,3498,3480.
Here is your free Nifty analysis for 04-05-2009.
Here is your free Nifty analysis for 29-04-2009.Nifty has gone down below4400 and below 3400. This will take Nifty to 3300,from where Nifty may rebound.
Resistances are 3378,3392,3401,3420,3440.
Supports are 3362,3353,3330,3300,3280.
Here is your free Nifty analysis for 28-04-2009.
Nifty has taken rest and settled at 3469. Today if Nifty stays above the level of 3470 it will go up, but it will meet with resistance at 3510 levels . Nifty has o break the level of 3520 to be on upside.
Resistances are 3480,3509,3520,3607,3648.
Supports are 3457,3440,3424,3400,3384,3330,3300.
Here is your free Nifty analysis for 27-03-2009.
Nifty has reached near short term target of 3500.Nifty may be volatile due to the closing of April contract closing.
Resistances are 3498,3511,3520,3607,3648.
Supports are 3440,3424,3400,3384,3330,3300.
THE SITE IS BEING RECONSTRUCTED TO HAVE A NEW LOOK. SOME OF THE FEATURES WHICH WERE INCLUDED BEFORE ARE NOT AVAILABLE NOW. THEY WILL BE ADDED SOON.BUT THE DAILY LEVELS ARE POSTED.
My dear Viewers,Here is your free Nifty analysis for 24-04-2009.
Nifty is near the resistance point of 3440 and readers are advised to be cautious in going long.
Resistances are 3440,3484,3498,3511,3584,3600.
Supports are 3401,3381,3365,3346,3330,3320,3300.
THE SITE IS BEING RECONSTRUCTED TO HAVE A NEW LOOK. SOME OF THE FEATURES WHICH WERE INCLUDED BEFORE ARE NOT AVAILABLE NOW. THEY WILL BE ADDED SOON.
Here is your free Nifty analysis for 23-04-2009.
Nifty like I had told yesterday came down to 3300 and came up sharply ,but met with heavy resistance at 3320and 3330.At last it settled at 3330. The level 3300 is being defended for the past five days ,during which Nifty has touched 3300 range on two days.
Today Nifty may break 3300 down side and go to 3200 levels.Resistances are seen at3400 levels and supports are seen at 3320 and 3300 levels.Below 3300 supports are 3248, 3198 and 3147.
Here is your free Nifty analysis for 17-04-2009.
Nifty has hit the resistance around 3500 and came down to 3370. Will Nifty shed all its gain and come down to 3300 and below is a big question.Nifty has huge resistance around 3150 levels.
Resistances are 3380,3401,3418,3484,3498,3502,3518.
Supports are 3354,3334,3307,3280,3269,3235,3198,3147.
Here is your free Nifty analysis for 16-04-2009.
Nifty is in upward mood. But it is nearing the completion of short term upward movement. Hence it is better to hedge and trade.
Resistances are 3500,3520,3537,3604.
Supports are 3340,3304,3273,3238,3147,3107.
Here is your free Nifty analysis for 09-04-2009.
Nifty spot closed above 3300 at 3343. Today Nifty may face resistance at top level and come under selling pressure at top.
Resistances are 3370,3405,3414,3480,3495,
3503,3515,3545,3600.
Supports are 3351,3337,3325,3315,3299,3275,3255,3228,3199,3180,3147.
Here is your free Nifty analysis for 08-04-2009.
Nifty has not closed above 3300 .This time investors are to be very careful since bears may become active again. Resistances are 3275,3287, 3330,3355,3370,3398,3420, 3435,3455,3478,3515. Supports are 3229,3211,3180, 3150,3110,3060,2980,2940.
Here is your free Nifty analysis for 06-04-2009.
Thank you, my viewers for visiting this site.
Nifty, after a long holiday (03/04/2009 was a holiday due to RAMA NAVAMI) opening today .Nifty closed below 3230 which is a resistance (Nifty went up to 3229).
Today if Nifty moves above 3241 region we may see any upward movements.
Resistances are3225,3230,3235,3241,3270,3325,3490,3500.
Supports are 3200,3190,3156,3142,3055,2998,2940,2920.
Here is your free Nifty analysis for 02-04-2009.
Nifty is in the mood of going up. But it has to move above 3110 and the 3123 comfortably to keep the up trend live.
It is just near the resistance level of the recent up move. Most proably bulls will act after seeing the trend of the European market.
Resistances are 3079,3109,3122,3147,3156,3230,3241,3273.
Supports are 3054,2997,2978,2950,2920,2897,2880,2850.
Here is your free Nifty analysis for 27-03-2009.Nifty closed at 3084.35 on 26-03-2009.
Nifty may move up taking the cue from Dow and positive review of US president.
The resistances are 3107,3113,3147,3156,3235,3273.
Supports are 3077,3063,3056,3035,3003,2997,2973,2940.
Here is your free Nifty analysis for 26-03-2009.
Nifty 2984.35 which was a very good resistance level from where Nifty slid to 2930 region.
Today 2920 to 2940 levels may once again prove good support level below which Nifty may be taken to 2850 levels.
Market is likely to be volatile since the closing of March derivative contract falls today.
Resistances are 2997,3003,3017,3033,3047,3113,3121,3156,3235.
Supports are 2973,2960,2958,2950,2940,2932,2920,2897,2880,2850,2940.
Here is your free Nifty analysis for 25-03-2009.
Nifty has closed near the day's low . Nifty has started coming down after trying to open high and go up for the fourth time.This shows bears are becoming active whenever Nifty tries to go up.
Though the Nifty had a fall from 3017 the down ward movement is arrested above 2897 region.If nifty opens below this level we may witness more down side.
Resistances are 2938,2950,2970,2980,3017.
Supports are 2900,2897,2880,2850,2807.
Here is your free Nifty analysis for 24-03-2009.
Nifty moved above 2900 as predicted earlier and found selling pressure at 2950 and settled at
2940.
Nifty having settled above 2900 and last Thursday of the month falls in this week, the bears will scramble for covering their positions and take Nifty to 3100 level.
Resistances are 2950,2960,2970,3003,3035,3056,3113,3140.
Supports are 2920,2908,2897,2880,2870,2850,2807.
Here is your free Nifty analysis for 23-03-2009.
Nifty after 7 days rally that too in a bear market, hovered near 2800 .It could not pass above 2836 and closed at 2808.
So we can fore see a volatile week from 23-03-2009 which is also closing week for March contracts.
Nifty will have to show strength in going above 2820 and last week high . Nifty may go above 2875 and 2900 where it will again face selling pressure.
Resistances are2816,2836,2849,2875,2897,2920,2950.
Supports are 2795,2750,2734,2715,2680,2660,2620.
Here is your free Nifty analysis for 19-03-2009.
Nifty could not sustain above 2800 (touched 2836 and came down) and closed at 2795.
Resistances are 2800,2824,2840,2850,2874,2887,2890.
supports are 2786,2776,2752,2739,2714,2705,2689,2660.
Open interest and volumes are higher in the 2800 strike call option than in the put option of the same strike.But open interest in 2700,2600 and 2500 strike puts are high.This may imply that market may go below.
Here is your free Nifty analysis for 18-03-2009.
Nifty went upto 2806( see my post for 17-03-2009.)and started sliding and closed at 2757.
If Nifty goes below this Nifty may go down and take support at 2700.
If Nifty goes below 2700 it will go down to 2660 and below.
Resistances are2817,2829,2850,2875,2880,2895,2920.
Supports are 2740,2715,2700,2680,2660,2620.
Here is your Free Nifty analysis for 17-03-2009.
Nifty formed an morning dojistar at 12.43 pm on 16-03-2009 and started moving up.
the upward march was halted at 2781 and settled at 2777 at close.
Today Nifty has to move above 2780 convincingly and should not come below 2760. If it comes below 2760,will 2720 region give strong support?
Resistances are 2789,2803,2820,2830,2850,2880,2892.
Supports are 2760,2746,2734,2715,2700,2680,2660,2620.
I have added new feature in this blog .Viewers can see the graphs of Nifty stocks,showing ema lines.It will be easy for taking decisions.
Nifty is approaching 2800 which is a strong resistance point.Like I have told earlier unless it moves above 2800 Nifty will come down.This time the down side will be steep and may find new lower levels.If it closes above 2800 Nifty may go to 3000 and even 3200. At any cost, Viewers are advised to play with proper stop loss and proper hedging.
Resistances are2737,2746,2760,2786,2800,2850.
Supports are 2705,2660,2650,2620,2540.
Nifty levels on 13-03-2009.
Nifty may move up today following the world sentiments.Nifty should not go below 2605 and should be above 2645 to positive.But what ever may be unless Nifty closes above 2800 the uptrend is not going to continue.
Resistances are
2620,2630,2645,2656,2660,2705,2715,2746,2780.
Supports are
2601,2575,2556,2540,2503,2485,2460.
Nifty has touched low of 2556 which is just above the support level of 2550 and closed at 2573.Cosidering the dow movements and Nifty closed above 2550
Nifty may open high and meet resistance at 2628 level. If Nifty goes above this level it may go to 2660,2705.Nifty is in down side mode only till it crosses 2790 and 2800.
Resistances are2612,2628,2678,2705,2720.
Supports are 2570,2554,2540,2524,2503.
Nifty will go down drastically below 2500 level.
Nifty has not produced buy signal. More down side is on the card. Nifty may touch 2503 level and go up. Bulls may take Nifty to 2720 and above level.Nifty has huge resistance at 2750 to 2800 level.
During these period since there no trend it is always better to hedge your trade or to play with stop loss.
Resistances are:2628,2646,2664,2678,2689,2715,2745.
Supports are 2585,2553,2539,2526,2503,2485,2460.
Different hedging methods are available for the traders. This is a big subject which I will be posting in this blog.
Nifty has come down further like I was writing earlier
Nifty has to be above 2580 and 2605 to keep up the upward journey .If not Nifty will come down to 2500 and 2554 and below.
Resistances are 2580,2601,2612,2640,2660,2714,2750.
Supports are 2554,2540,2526,2503,2485,2460,2444.
Nifty may reach 2660 and get resisted. If it go beyond 2660 Nifty may see selling pressure at2712 area.
Viewers are advised to do trading with proper hedging.
Nifty has seen more down side like I have mentioned on 2/3/2009 .
Now Nifty may go down further to the support levels around 2550 -2500. If it could not sustain above 2550 Nifty will touch October low of 2253.This was formed on Oct27,2008..
Resistances are2646,2656,2662,2694,2734.
Supports are 2612,2585,2570,2554,2540,2524,2503.
Nifty is not moving above 2795 and it is not a good sign.We may see some more down side.
Resistances are 2789,2800,2849,2874,2880
Supports are
2766,2746,2734,2715,2681.
It is better to initiate 2800 straddle, timing of buying is buy 2800 call when Nifty is near the support of 2680 and 2800 put near the resistance of 2800 and above.
Nifty made a low at 2757 and closed at 2770. Both points are in important support zone.If Nifty could not sustain above this and go above 2854 Nifty may go down to 2661. Below 2661 we may see 2600 and 2550.
Resistances are 2795,2850,2880,2892,2920,2940
Supports are 2761,2745,2721,2702,2681,2661.
Viewers can buy at 2661 for short term gains.
Nifty closed at 2848.5 after touching day's high 2953.2 shedding 104 points.Today mostly Nifty will be side ways.
Resistances are 2880,2892,2920,2960,3003.
Supports are 2817,2803,2780,2750,2715.
If Nifty rebounds from 2780 levels it will show huge movements.If it goes below 2780 we may see 2660.
Nifty went up to 2969 only though the low was 2896 very good support.
Today due to the interim budget presentation the market will move very cautiously.If Nifty goes below 2896 it may go to 2780.
Resistances are 2970,2980,3003,3035.
Supports are 2920,2900,2893,2880.
Nifty could not go above 2940 and came down and stopped at 2886 (mylevel was 2880) and retraced to close at 2893.
I feel the Nifty will behave like my previous day views.
Nifty is still range bound.Nifty may touch 2780 and rebound.
If Nifty couldnot sustain above 2780 it will go down to 2660.
Resistances are 2940,2957,2980,3003.
Supports are 2880,2780,2760,2690.
Nifty closed at2934 on 10-02-2009. Nifty tried to break out but could not and closed at a very crucial level. Today Nifty may go either way.
Resistances are 2960,2987,3003,3022,3047,3080.
Supports are2903,2874,2850,2824,2795,2784,2753.
Viewers can enter into long 2900p and 3000c.
Nifty closed at 2780 which is a good support level.Today Nifty may move up and close near 2880.Above 2880 Nifty may go to 2920,3030. what ever may be nifty is poised to go either way ,so viewers are advised to play with proper stop loss or hedging.
Nifty closed at 2784 on 3-2-2009.Today Nifty may take upward journey taking the world market sentiments. Above 2795 the level of 2830 has become strong resistance point and today if Nifty passes this point comfortably it will see 2880 and above.If Nifty cannot pass 2795 and 2800 level it may slide to 2700 and 2650 levels.Resistances are 2795,2800,2824,2837,2870,2915.Supports are2772,2753,2721,2715,2690,2658.
Nifty reflected our yesterday's view.
| Prev CL | Open | High | Low | Close | Change | ||||||
| 2874.80 | 2872.35 | 2873.45 | 2760.70 | 2766.65 |
