About Me

Chennai, Tamil nadu, India

Wednesday 18 February 2009

NIFTY LEVELS -18-02-2009.

Dear Viewers,

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.


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.

Tuesday 17 February 2009

NIFTY LEVELS -17-02-2009.

Dear Viewers,

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.


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.

Monday 16 February 2009

16-02-2009 -NIFTY LEVELS.

Dear Viewers,

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.


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.

Friday 13 February 2009

NIFTY LEVELS-13-02-2009

Dear viewers,

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.


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.

Thursday 12 February 2009

NIFTY LEVELS -12-02-2009.

Dear Viewers,

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.


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.

Wednesday 11 February 2009

11-02-2009-NIFTY LEVELS.

Dear Viewers,

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.


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.

Tuesday 10 February 2009

10-02-2009 -NIFTY LEVELS.

Dear Viewers, Nifty finally made a big move in recent times and closed at 2920 as suggested in my 6-2-2009 views. Viewers should not be carried away by this upward spurt. Every move with in 3140 level is a potential resistance point and bears will attack.
If Nifty does not sustain above 3000 it may come down to 2750 levels.
Resistances are 2927,2937,2945,2955,3000,3040.
Supports are 2900,2873,2820,2803,2784,2750.
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.

Friday 6 February 2009

06-02-2009 Views.

Dear viewers,

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.


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.

Wednesday 4 February 2009

04-02-2009 Views

Dear Viewers,

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.


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.

Tuesday 3 February 2009

03-02-2009 Views

Dear Viewers,

Nifty reflected our yesterday's view.

S&P CNX NIFTY
Prev CL Open High Low Close Change
2874.80 2872.35 2873.45 2760.70 2766.65

Nifty could not pass above 2880 and closed at 2766.65.If Nifty goes below 2760 then it may touch 2660 and 2550.
If Nifty goes above 2880 It will face resistance around 2900.Above 2900 it may touch 3035 and 3078.
Resistances are 2873,2881,2915,2959,3035,3078.
Supports are 2737,2705,2680,2656,2554,2500.
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.

Monday 2 February 2009

02-02-2009 Views

Dear viewers,

Nifty is at very interesting point . On Friday it closed at 2874 Just short of 2880 which is a strong resistance point. Today Nifty may open negatively taking the line of general feelings at world markets. Nifty has to cross 2880 and go above 2900 to 3000 region.Every rise in 2900 to 3000 level is potential resistance point.
Viewers are advised to trade with proper stop loss/hedging.
Resistances are 2880,2937,2945,2960,2980.
supports are 2820,2800,2774,2720,2660. Be watchful market may go down drastically. Marthandan.


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.

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