Nifty-Technical View---22-1-2015

NIFTY CLOSED AT 8729.50 ON 21-1-2015

SUPPORT: - 8680 / 8626.95 / 8535.35 / 8445.60 / 8380.55 / 8364.75 / 8326 / 8282.70 / 8272.80 / 8180 / 8160 / 8147.95 /

 RESISTANCE: - 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened with a up gap at 8719.65 but filled the gap immediately and made a low of 8689.60 and thereafter made a new all time high of 8741.85 before closing the day at 8729.50. Technically it is showing all the strength so buy on dip strategy to continue, but since it is vertically moving up, therefore its vulnerability for correction is also increasing and very high at this point of time. So the long trade should be handled with extreme vigil and caution and one should  get alerted in existing long trade and avoid fresh long position below 8625 and exit long trade below 8600. Please note that since it had a vertical rise it may encounter profit booking anytime but it may go in for moderate correction if it breaks 8680(it changes every day) level.

Going up it will face resistance at 9039 & 9061 and moving down it will have support at 8625 / 8535 / 8445.60 & 8380.55. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and proper stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index-Technical View---22-1-2015

CNX -Bank Index closed at 19843.25 on 21-1-2015

SUPPORT: - 19723 / 19166 / 19061.35 / 18923.60 / 18875.45 / 18736.66 / 18728.20 / 18517.90 / 18428.

RESISTANCE: - 20076 / 20710 / 21097.

(Figures in bold are important)

Index opened on a positive note at 19811.85 and made a low of 19803.15 and a new all time high of 19964.95 and closed the day at 19843.25. Technically it is showing all the strength therefore buy on dip strategy to continue, but since it is vertically moving up so its vulnerability for correction is also very high. Therefore the long trade should be handled with utmost care and caution. Please note that since it had a vertical rise it may encounter profit booking anytime, furthermore it may go in for moderate correction if it breaks 19700(it changes every day) level, therefore stop loss for long trade would be below 19700 for 22-1-2015.

Going up it will resistance at 20076 & 20710 and moving down it will have support at 19166 / 19061 / 18923 & 18728.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is intact. I would suggest to adopt buy on dip strategy with caution and proper stop losses.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View ----22-1-2015

BSE- Sensex  closed at 28888.86on 21-1-2015

SUPPORT: - 28822.37 / 28541 / 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 / 27354.99 27247 / 27203.25 / 27091.38 / 26845 / 26776 / 26469.42.

RESISTANCE: - 30150 / 30271.

 (Figures in bold are important)

Sensex opened with a small up gap at 28843.09 but filled the gap immediately and made a low of 28792.57 and thereafter made a new all time high of 28958.10 before closing the day at 28888.86.Technically it is showing good strength so buy on dip strategy still to continue, but since it is vertically moving up therefore its vulnerability for correction is also increasing and very high at this point of time. So the long trade should be handled with extreme vigil and caution therefore avoid fresh long trade  and  get alerted below 28810 in existing long trade and exit trade below 28700. Please note that since it had a vertical rise it may encounter profit booking anytime ,furthermore it may go in for moderate correction if it breaks 28700( it changes every day)level.

Going up it will face resistance at 28861/ 28940 & 30150 level and moving down it will have support at 28541 & 28294.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and suggested stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For-21-1-2015

Nifty-Technical View--21-1-2015

NIFTY CLOSED AT 8695.60 ON 20-1-2015

SUPPORT: - 8626.95 / 8535.35 / 8445.60 / 8380.55 / 8364.75 / 8326 / 8282.70 / 8272.80 / 8180 / 8160 / 8147.95 .

 RESISTANCE: - 8681 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened with a minor up gap at 8575.10 and made a low of 8574.40 and thereafter it steadily moved up and made a new all time high of 8707.90 before closing the day at 8695.60 way above its previous high. It had a robust up move today and it is exhibiting tremendous strength and indicate that the up move may continue therefore buy on dips strategy should still be adopted but with caution because it may encounter profit booking in the range of 8700—8775(valid for 21-1-2015) and it may correct from here, so the long trade should be handled carefully and cautiously and the stop loss for long trade would be below 8600.

Going up it will face resistance at 9039 & 9061 and moving down it will have support at 8600 / 8535 / 8445.60 & 8380.55. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and proper stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index Technical View---21-1-2015

CNX-Bank Index closed at 19767.05 on 20-1-2015

SUPPORT: - 19723 / 19166 / 19061.35 / 18923.60 / 18875.45 / 18736.66 / 18728.20 / 18517.90 / 18428.

RESISTANCE: - 20076 / 20710 / 21097.

(Figures in bold are important)

Index opened with a minor up gap at 19446.80 and the open was the low also and thereafter it steadily moved up and made a new all time high of 19808.25 before closing the day at 19767.05.It had a robust up move today and it is exhibiting tremendous strength and indicate that the up move may continue therefore buy on dips strategy should still be adopted but with caution because it may encounter profit booking in the range of 19850—20076(valid for 21-1-2015) and it may correct from here,so the long trade should be handled with extreme vigil  and caution, and stop loss for the long trade would be below 19520.

Going up it will resistance at 20076 & 20710 and moving down it will have support at 19166 / 19061 / 18923 & 18728.

Kindly note that profit should also be booked in trade from time to time at the appropriate  points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is intact. I would suggest to adopt buy on dip strategy with caution and proper stop losses.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View---21-1-2015

BSE-Sensex  closed at 28784.67on 20-1-2015

SUPPORT: - 28541 / 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 / 27354.99 27247 / 27203.25 / 27091.38 / 26845 / 26776 / 26469.42 .

RESISTANCE: -  28822.37 / 28829.29 / 28861 / 30150 / 30271 .

 (Figures in bold are important)

Sensex opened flat to negative at 28624.85 and the open was the low also and thereafter it steadily moved up and crossed the previous  high of 28822.37 by a whisker and made a new all time high of 28829.29 before closing the day at 28784.67.It had a robust up move today and it is exhibiting tremendous strength but it is not moving in sync with nifty, furthermore it did make a new all time high but could not close above it whereas nifty has closed way above its previous all time high, it has made short of a triple top in the range of 28808—28830,therefore fresh long position should  only be taken if it maintains above 28830,  however  one can buy on dip at proper level with an adequate stop loss. Please note that it may encounter profit booking in the range of 28790—28940(valid for 21-1-2015) and it may correct from here, so the long trade should be handled carefully and cautiously, and stop loss for the long trade would be below 28640.

Going up it will face resistance at 28861/ 28940 & 30150 level  and moving down it will have support at 28541 & 28294.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and suggested stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For-20-1-2015

Nifty-Technical View For--19-1-2015

NIFTY CLOSED AT 8513.80ON 16-1-2015

SUPPORT: - 8445.60 / 8380.55 / 8364.75 / 8326 / 8282.70 / 8272.80 / 8180 / 8160 / 8147.95 / 8118 / 8075 / 8049 / 7961.35 / 7840 / 7808 / 7723.85 7664 & 7540.

 RESISTANCE: - 8535.35 / 8626.95 / 8681 / 9039.

(Figures in bold are important)

Nifty opened on a positive note at 8504.05 and made a high of 8530.75 and a low of 8452.25 before closing the week at 8513.80. It seems that today was the day of consolidation after yesterday’s euphoric rise and it closed with a gain of around 20 points. It is showing firmness and strength which is indicative of a good up move ahead.

The technical parameter also suggest to adopt buy on dip strategy and the authentic stop loss for positional trade should be close below 8270 but for day trade the stop loss should be below 8380 . Please note that it could encounter profit booking in the range of 8487--8681, so the long trade should be handled carefully and cautiously.

 Please do not forget that the up gap it left on 15-1-2015 still exist and chances of filling this gap is distinct at least in next 2-3 days and if it breaks the level of 8380 then it will attempt to fill the gap and in this process it can come down to 8326 level but if it fails to fill the gap in next 2-3 days time then it will be difficult to say in what time frame it will fill it. Therefore one can go for long trade on dips but with caution and get alerted below 8380.

Going up it will face resistance at 8590 / 8627 / 8681 & 9039 and moving down it will have support at 8364.75 / 8326 / 8282 & 8270. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and suggested stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index-Technical View For-19-1-2015

CNX-Bank Index closed at 19223.15 on 16-1-2015

SUPPORT: - 19166 / 19061.35 / 18923.60 / 18875.45 / 18736.66 / 18728.20 / 18517.90 / 18428 / 18211.50 / 18183 / 17968 / 17890 / 17546 / 17502.

RESISTANCE: -19410.40 / 19756 / 20710.

(Figures in bold are important)

Index opened on a positive note at 19274.15 and made high of 19275.80 and a low of 19108.35 before closing the week at 19223.15. After the previous day euphoric move, It moved in a 167 point range today which gives an indication of consolidation. It is exhibiting tremendous strength which is indicative of a decent up move ahead.

The technical parameter also suggest to adopt buy on dip strategy and the authentic stop loss for positional trade should be close below 18720 but for day trade the stop loss should be below 19050 only . Please note that it could encounter profit booking in the range of 19200—19500, so long trade should be handled cautiously.

 Please do not forget that the up gap it left on 15-1-2015 still exist and chances of filling this gap is distinct at least in next 2-3 days and if it breaks the level of 19061 then it will attempt to fill the gap and in the process it can come down to 18769 level but if it fails to fill the gap in next 2-3 days time then it will be difficult to say when it will fill it. Therefore one can initiate long trade on dips but with caution and get alerted below 19061.

Going up it will resistance at 19410.40 / 19500 & 19756 and moving down it will have support at 19166 / 19061 / 18923 & 18728.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is intact. I would suggest to adopt buy on dip strategy with caution and suggested stop losses.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

BSE-Sensex-Technical View ----19-1-2015

BSE-Sensex  closed at 28121.89on 16-1-2015

SUPPORT: - 28064.49 / 27851 / 27703.70 / 27512.80 / 27500 / 27485 / 27354.99 27247 / 27203.25 / 27091.38 / 26845 / 26776 / 26469.42 / 26220 / 25910.77 / 25460 / 25232.

RESISTANCE: - 28194.61 / 28267 / 28352 / 28541.96 / 28822.37.

 (Figures in bold are important)

Sensex opened on a slightly flat to negative note at 28056.61 and made a high of 28176.10 and a low of 27945.31 before closing the week at 28121.89. It seems that today was the day of consolidation after yesterday’s euphoric rise and it closed with a gain of around 50 points. It is showing firmness and strength which is indicative of a good up move ahead.

The technical parameter also suggest to adopt buy on dip strategy and the authentic stop loss for positional trade should be close below 27470 but for day trade the stop loss should be below 27700 . Please note that it could encounter profit booking in the range of 28106--28630, so the long trade should be handled carefully and cautiously.

 Please do not forget that the up gap it left on 15-1-2015 still exist and chances of filling this gap is distinct at least in next 2-3 days and if it breaks the level of 27703 then it will attempt to fill the gap and in this process it can come down to 27512 level but if it fails to fill the gap in next 2-3 days time then it will be difficult to say in what time frame it will fill it. Therefore one can go for long trade on dips but with caution and get alerted below 27703.

Going up it will face resistance at 28267 / 28352 & 28542 level  and very stiff resistance in the range of 28630--28920 and moving down it will have support at 27851 / 27703 & 27485.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-Long term up trend is still intact. I would suggest to adopt buy on dip strategy with caution and suggested stop losses.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For--19-1-2015

$ GOLD-(Seems To Be Poised For A Decent Up Move)---16-1-2015

     

GOLD IN $ TERMS

Gold closed at $1234.50 on 14-1-2015

SUPPORT:- 1204.20 / 1202.30 / 1186.40 / 1183.30 / 1181.40 / 1179.40 /1167 /  1160 /  1141.70 / 1130.40.

RESISTANCE:- 1238.90 / 1255.60 / 1297.60 / 1324.30 / 1325.90 / 1331.40 / 1346.80 / 1392.60.

Gold is showing marked improvement on technical chart (see my post dt-14-12-2014 wherein I stated that it is consolidating for an up move). It has moved well above its short term moving averages and now oscillating within major long term moving average range which is between $1270—1224(it changes every day), if it crosses the $ 1270 mark and stays then it could give further smooth and uninterrupted up move, similarly if it breaks the lower band of the range then it may start down move again but as of now it seems that it is heading for a decent up move in coming months.

The overall technical parameter suggest to adopt buy on dip strategy in gold now but get alerted and avoid fresh long position below the lower band of the long term moving average range i.e $1224 for now and the authentic stop loss for long trade would be below $1200 now(it will change every day with price movement).

Please note that the bench mark level for it is $ 1184 for the whole year of 2015, therefore,It is needless to mention here that below this level long call should be completely avoided.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARKS:-Long term trend is still down but technical chart has shown marked improvement therefore I would advice to go long on dips with suggested stop loss mentioned above.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For-16-1-2015

Nifty-Technical View---16-1-2015

NIFTY CLOSED AT 8494.15ON 15-1-2015

SUPPORT: - 8470 / 8445.70 / 8364.75 / 8326 /8282.70 / 8272.80 / 8180 / 8160 / 8147.95 / 8118 / 8075 / 8049 / 7961.35 / 7840 / 7808 / 7723.85 7664 & 7540.

 RESISTANCE: - 8535.35 / 8626.95 / 8680.53 / 9038.29.

(Figures in bold are important)

Nifty opened with a huge up gap of more than 98 points at 8424.50 and made a low of 8380.55 and thereafter steadily moved up and made a high of 8487.10 before closing the day at 8494.15. Since today’s move in the nifty was news led (Repo rate cut by RBI) therefore it has to be seen how it settles down in next 2-3 days before initiating any fresh trade, but the fact remains that It has closed way above its critical point of 8291 today and crossed the important points of 8375 & 8470 also, which shows firmness and indicative of smooth and uninterrupted up move ahead and also suggest that now it is a buy on dip market with a stop loss of close below 8270. But I would still suggest to wait and watch to see how today’s news led euphoric moves pans out in next 2-3- days, before initiating any fresh long call. However aggressive trader can go ahead with long call on dip with suggested stop loss.

It is important to mention here that the gap it left today still exist and if it makes an attempt to fill the gap in next 3-4 days then it can come down to 8326 level.

Going up it will face resistance at 8536 / 8627 / 8681 & 9039  and very stiff resistance in the range of 8588—8681 and moving down it will have support at 8364.75 / 8326 / 8282 & 8270. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is still intact. Since nifty has decisively closed above the critical point of 8291 and important points of 8375 & 8470, therefore it suggest to go long on every dip with a stop loss of close below 8270. But I would suggest that since it was a news led move therefore give it at least 2-3 days breather before initiating any trade.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

CNX-Bank Index-Technical View--16-1-2015

CNX-Bank Index closed at 19235.65 on 15-1-2015

SUPPORT: - 19166 / 18923.60 / 18875.45 / 18736.66 / 18728.20 / 18428 / 18211.50 / 18183 / 17968 / 17890 / 17546 / 17502.

RESISTANCE: -19410.40 / 19756 / 20710.

(Figures in bold are important)

Index opened with a whopping up gap of more than 570 points at 19340.45 and made a low of 19061.35 and then made a new all time high of 19410.40 before closing the day at 19235.65.It was a huge up move in index off course, but was news led (Repo rate cut by RBI)  therefore it has to be seen  how it settles down in next 2-3 days before initiating any fresh trade, but the fact remains that It has closed way above the critical point of 18740 and very near the all time high , which shows tremendous strength and indicative of further smooth up move ahead and also suggest that now it is a buy on dip market with a stop loss of close below 18720. But I would still suggest to wait and watch to see how today’s  news led euphoric moves pans out in next 2-3 days, before initiating any fresh long call. However aggressive trader can go ahead with long call on dip with suggested stop loss.

It is important to mention here that the gap it left today still exist and if it makes an attempt to fill the gap in next 3-4 days then it can come down to 18769 level.

Going up it will resistance at 19410.40 & 19756 and moving down it will have support at 19166 / 18923 & 18728.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-  :- Long term up trend is intact. Since index has decisively closed above the critical point of 18740,so it suggest to go long on every dip with a stop loss of close below 18700.But I Would suggest that since it was a news led move therefore give it at least 2-3 days breather before initiating any trade.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.