Nifty-Technical View For-5-9-14

NIFTY CLOSED AT 8095.95  ON 4-9-14

SUPPORT: -7990.35 / 7968.25 / 7954.35 /7855.95 / 7840.95 / 7808.85 / 7700.05 / 7593.90 / 7563.50 / 7540.10 / 7487.50 / 7481.30 / 7447.20/ 7441.60 /7422.15 .

 RESISTANCE:- 8130 / 8141.90 / 8150 / 8183 / 8290 / 8330.

   (Figures in bold are important)

Nifty opened flat at 8114.20 and almost the open was the high for the day at 8114.80 and thereafter it gradually moved down and made a low of 8060.90 before closing the day at 8095.95.Today’s move indicate that may be correction has set in as expected but in bull market correction don’t last for too long therefore the possible correction completion points are 8074 / 8032 / 7998 / 7965 / 7927 from where nifty can bounce back. Kindly note that if it breaks the 7927 point and stays then there could be potential threat of it going down further and sharply too, as of now chance of which are looking bleak. Therefore it is still  buy on dip market but with caution and  one should get alerted in long trade if it starts trading below 7980 and exit long trade if it closes below 7860 and stays. Kindly note that going up it will face good resistance at 8141.90 / 8150 & 8183

REMARK:- Long term trend is still up, possibly correction has set in today therefore use the aforesaid level and support and resistance points as entry,exit and traling stop loss point in your trade.I suggest to buy on dip but with caution and  at appropriate level with an adequate stop loss. Avoid impulsive 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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Trading Calls For -4-9-14

CNX-Bank Index-Technical View For-4-9-14

CNX-Bank Index closed at 16110 on 3-9-2014

SUPPORT: -15973.35 / 15790.25 / 15742.05 / 15740.40 / 15626.90 / 15592.80 / 15503.40 / 15448.90 .

RESISTANCE: - 16208.55 / 16265 / 16330 / 16413 / 16580—16720.

  (Figures in bold are important)

Index opened with up gap  today but filled the gap immediately and made a new all time high of 16208.55 and low of 16048.10 for the day before closing the day  at 16110.It is still showing reasonable strength but today’s move showed some tiredness in it, therefore a correction may be round the corner . However it is still buy on dip  but  with caution (see support & resistance for entry, exit and traling stop loss point) and please be get alerted in long trade if it starts trading below 15950 and avoid fresh long trade below this point and  exit on going long  trade if it closes below 15440 and stays.  Kindly note that going up it will face good resistance at 16209 & 16330 level.

.REMARK:- Long term trend is still up. I suggest to buy on dip at appropriate points with a proper stop loss. Avoid impulsive trade because a down correction may be round the corner.

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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Nifty-Technical View For-4-9-14

NIFTY CLOSED AT 8114.60  ON 3-9-14

SUPPORT: -7990.35 / 7968.25 / 7954.35 /7855.95 / 7840.95 / 7808.85 / 7700.05 / 7593.90 / 7563.50 / 7540.10 / 7487.50 / 7481.30 / 7447.20/ 7441.60 /7422.15 .

 RESISTANCE:- 8130 / 8141.90 / 8150 / 8183 / 8290 / 8330.

   (Figures in bold are important)

Nifty opened with a small up gap today but filled the gap immediately and made a new all time  high of 8141.90 and made a low of 8092.25 for the day before closing the day  at 8114.60.It is showing good strength ,but it has been rising for last five days, therefore a small  correction may be round the corner and if it happens that will be good for the further up move of nifty.  However it is still buy on dip market but one should get alerted in long trade if it starts trading below 7960 and exit long trade if it closes below 7840 and stays. Kindly note that going up it will face good resistance at 8150 & 8183

REMARK:- Long term trend is still up, I suggest to buy on dip but with caution and  at appropriate level with an adequate stop loss. Avoid impulsive trade because a down correction may be round the corner.

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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Trading Calls For-3-9-14

CNX-Technical View For-3-9-14

CNX-Bank Index closed at 16130.55 on 2-9-2014

SUPPORT: -15973.35 / 15790.25 / 15742.05 / 15740.40 / 15626.90 / 15592.80 / 15503.40 / 15448.90 .

RESISTANCE: - 16200 / 16265 / 16330 / 16413 / 16580—16720.

  (Figures in bold are important)

Index opened firmly today and made a new all time high of 16170.80 and low of 16047.30 for the day before closing the day near the high at 16130.55.It is showing good strength as of now but still under performing in comparison with nifty However ,I still suggest to buy on dip but  with caution at proper levels because I expect it to correct in next 1-2 days(see support & resistance for entry, exit and traling stop loss point) therefore please get alerted in long trade if it starts trading below 15900 and exit long  trade if it closes below 15400 and stays.  Kindly note that going up it will face good resistance at 16209 & 16330 level.

.REMARK:- Long term trend is still up. I suggest to buy on dip at appropriate points with a proper stop loss. Avoid impulsive trade. I expect the index to correct downward in next 1-2 days.

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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Nifty-Technical View For-3-9-14

NIFTY CLOSED AT 8083.05  ON 2-9-14

SUPPORT: -7990.35 / 7968.25 / 7954.35 /7855.95 / 7840.95 / 7808.85 / 7700.05 / 7593.90 / 7563.50 / 7540.10 / 7487.50 / 7481.30 / 7447.20/ 7441.60 /7422.15 .

 RESISTANCE:- 8130 / 8183 / 8290 / 8330.

   (Figures in bold are important)

Nifty opened with a minor up gap today and made a new all time  high of 8101.95 and made a low of 8036.55 for the day before closing the day near the high at 8083.03 .It is showing good strength although today’s gap was very minor but it did not fill it, therefore it created up gap for last two days which makes one apprehensive of a down correction and if it open with a gap on 3-9-14 then the down correction could be imminent, therefore I would suggest to book part profit on the long trade if it open with a gap on 3-9-14. In any case I expect the nifty to correct in next1-2 days and its  coming down to 7968 level would be healthy for the further up move of nifty. However it is still buy on dip market but one should get alerted in long trade if it starts trading below 7950 and exit long trade if it closes below 7820 and stays. Kindly note that going up it will face good resistance at 8130 / 8167 & 8183.

REMARK:- Long term trend is still up, I suggest to buy on dip but with caution and  at appropriate level with an adequate stop loss. Avoid impulsive trade. I expect the nifty to correct downward in next 1-2 days

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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Trading Calls For-2-9-14

CNX-Bank Index-Technical View For-2-9-14

CNX-Bank Index closed at 16012.80on 1-9-2014

SUPPORT: -15973.35 / 15790.25 / 15742.05 / 15740.40 / 15626.90 / 15592.80 / 15503.40 / 15448.90 .

RESISTANCE: - 16060.20 / 16146 / 16200 / 16265 / 16330 / 16413 / 16580—16720.

  (Figures in bold are important)

Index opened firmly today and the open of 15790.25 was the low for the day and thereafter it steadily moved up and made a new all time high of 16060.20 before closing the day near the high at 16012.80.It is showing good strength as of now therefore ,I suggest to buy on dip with caution at proper levels(see support & resistance points)please get alerted if it starts trading below 15850 and avoid fresh long trade below 15503 & 15448 and exit long  trade if it closes below 15351 and stays.  Kindly note that going up it will face good resistance at 16146 / 16209 & 16330 level.

.REMARK:- Long term trend is still up. I suggest to buy on dip at appropriate points with a proper stop loss. Avoid impulsive trade. I expect the index to correct downward in next 2-3 days, so be cautious in long 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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Nifty-Technical View For-2-9-14

NIFTY CLOSED AT 8027.70  ON 1-9-14

SUPPORT: -7990.35 /7968.25 / 7954.35 /7855.95 / 7840.95 / 7808.85 / 7700.05 / 7593.90 / 7563.50 / 7540.10 / 7487.50 / 7481.30 / 7447.20/ 7441.60 /7422.15 .

 RESISTANCE:- 8022 / 8050 / 8075 / 8130 / 8183 / 8290 / 8330.

   (Figures in bold are important)

Nifty opened with a up gap today and made a new all time  high of 8035 and made a low of 7984for the day before closing the day near the high at8027.70.It is showing good strength but it did not make any effort to fill the gap it left today(Gap area-7967.80—7990.35)  therefore keep this in mind that if it breaks 7990 level in next 2-3 days then it can come down to 7967 level to fill the gap, if it does and then starts moving up again then it  would be good for the nifty but if it does not then it leaves a question mark that when it will fill the gap. However the nifty seems to be on the strong footing as of now therefore, I suggest buy on dip with caution and get alerted in long trade if it starts trading below 7940 and exit long trade if it closes below 7799 and stays. Kindly note that going up it will face good resistance at 8050 /8075 & 8100.

REMARK:- Long term trend is still up, I suggest to buy on dip but with caution  at appropriate level with an adequate stop loss. Avoid impulsive trade. I expect the nifty to correct downward in next 2-3 days, so be cautious in long 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

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade