Nifty could not sustain above 2850 and came down after touching 2874. Today Nifty may open near 2800. If 2795 is held as support we can see some upward movement. below 2795 Nifty may go to 2750 and below.
Resistances are 2874,2920,3020,3050,3142
Supports are2795,2774,2750,2730,2715,2656.
Nifty has retraced to 2850 which was broken earlier and came down . 2850 has turned a resistance now.Unless Nifty moves above this point and move up further we will see down side again.
Above 2850 nifty may surpass 2900 and reach 3000 levels and above and face resistance at 3140.
Resistances are 2850,2868,2890,2913,2930,2950.
Supports are 2830,2813,2800,2760,2720,2702.
Nifty went up to 2777 short of our resistance level 2780 and settled at2771. Today Nifty may open at 2750 level and go up and face resistance at 2780. If it goes above 2780 Nifty may go up further.If Nifty goes below 2753 it will face a down trend,having 2680 as major support. Resistances are2780,2813,2860,2930,2960,3003Supports are 2753,2680,2660,2553,2503.
Nifty closed at 2679, 35 points below the previous day. Now definite pattern has formed by breaking the support level of 2700.
Probable supports are 2680,2662,2657,and 2612. Below 2612 Nifty may touch 2570 levels.
Probable resistances are 2705,2720,2740and 2780. If Nifty goes above 2780 it may surpass 2800.If 2800 is held Nifty may go to 3050 and reach 3140.
On 21-1-2009 Nifty opened at2715 and touched 2745 and started coming down .It was range bound between 2710 and 2727. Afternoon after failing to go above 2726 at 1.30 pm Nifty came down touching days low of 2682.( Please see my yesterday's post.I had mentioned 2683 as a support and 2720 as a resistance.)
Today's supports and resistances areSupports: 2700,2694,2680,2656,2550. Resistances: 2720,2730,2745,2800,2813,2840,2860,2930.Hope you would have booked profit of 2800 put at 2706.Nifty could not go above 2796which was close of previous day. Nifty opened at 2777.4 and moved up as if it is going to surpass 2800 level. the upward movement was halted at 2787.3 and slid to 2690 and close at 2706 taking support at 2690.
Today, supports are 2683,2670,2653.
Resistances are 2720, 2740,2788,2800,2853.
If Nifty goes above 2850 level it may go to 3000 levels.
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Nifty has closed just below 2800. Resistance will be at 2813,2870and 2930. Support will be at 2700,2690,2650,2612,2560 We can buy 2800 c and 2800 put and it is good to book profit if this straddle is in profit.
If Nifty goes below 2800 it may get marginal support at2780. Nifty sustains at 2780 and then we can see upward movement otherwise Nifty may revisit 2700,2650 and 2600 levels.
Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.
Nifty has overcome the resistance of 3070 and went up .It had minor resistance at 3090 region . Then had a minor resistance near 3100 (3099) and went up to 3131.95 and closed at 3121.45.
| Prev CL | Open | High | Low | Close | Change | ||||||
| 3046.75 | 3058.75 | 3131.95 | 3056.45 | 3121.45 |
Today Nifty may open down around 3040 and fill small gap of 3047 to yesterday's open.Even if Nifty opens normally or up this region of 3047 to 3060 will prove the support.
Nifty has to stay above 3020 which is two days low,then Nifty will go up and face resistance at 3160 region beyond this Nifty may touch the recent high of 3240. Further up will be only after closing above 3240.
Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss
