Nifty-Technical View---14-1-2015

NIFTY CLOSED AT 8299.40 ON 13-1-2015

SUPPORT: -8290 / 8282.70 / 8272.80 / 8180 / 8160 / 8147.95 / 8118 / 8075 / 8049 / 7961.35 / 7840 / 7808 / 7723.85 7664 & 7540.

 RESISTANCE:-  8365---8375 / 8445.60 / 8470 / 8535.35 / 8626.95 ..

(Figures in bold are important)

Nifty opened with gap up at 8346.15 and made a high of 8356.65 and thereafter was moving in a range before plunging down in the last hour of trade and made a low of 8267.90 and closed the day at 8299.40. It did break the critical point of 8291 during the day but managed to close just above it. Since nifty is giving whip saw movement around this level therefore it has to be seen that whether it will hold this level for next 2-3 days on closing basis or not, before initiating fresh long call.

I would like to mention here that the two most important indices namely CNX Bank Index & BSE-Sensex have closed below their critical point today ,so they  are not moving in sync with nifty which is concerning and indicative of that  nifty may follow them later. I would therefore suggest to avoid fresh long trade now till it maintains above 8291 for another 2-3 days or the above stated indices start moving in sync with nifty but for those who are still holding long call should get alerted and avoid fresh long call if it consistently starts trading below 8270 and exit long trade if it closes below 8225.

 Going up it will face resistance at 8365-75 / 8445.60 & 8470 and moving down it will have support at 8290 / 8282.70 / 8272.80 / 8180 / 8147 & 8049. 

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 avoid fresh long call till it maintains above the level of 8291 for next 2-3 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.

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--14-1-2015

CNX-Bank Index closed at 18707.20 on 13-1-2015

SUPPORT: - 18630 / 18428 / 18211.50 / 18183 / 17968 / 17890 / 17546 / 17502.

RESISTANCE: - 18728.20 / 18736.66 / 18875.45 / 18941 / 19166 / 19385.

(Figures in bold are important)

Index opened with a gap up at 18889 and made a high of 18920.65 and thereafter was moving in a range throughout the day before plunging down in the last hour of trade and made a low of 18642.80 and closed the day at 18707.20. It could not sustain the critical point of 18740 and closed below it, today’s move was disturbing and indicative of some weakness. I would therefore suggest to avoid fresh long call completely till it closes above 18740 and sustain it for at least 2-3 days, however those who are still holding long trade should not add fresh long trade in any case and get alerted in long trade if it consistently starts trading below 18630 and exit long trade if it  gives sign of closing  below 18540.

Going up it will resistance at 18740 / 18876 / 18941 / & 19166 and moving down it will have support at 18428 & 18211.50.

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 it has closed below the critical point of 18740, therefore long call is completely ruled out till it closes above it again and stays their  for at least 2-3 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.

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--14-1-2015

BSE-Sensex  closed at 27425.73on 13-1-2015

SUPPORT: - 27354.99 / 27247 / 27091.38 / 26845 / 26776 / 26469.42 / 26220 / 25910.77 / 25460 / 25232.

RESISTANCE: - 27486 / 27500 / 27761 / 27851.10 / 27924 / 28064.49 / 28267 /28541.96 / 28822.37.

 (Figures in bold are important)

Sensex opened on a positive at 27611.56 and made a high of 27670.19 and thereafter was moving in a range throughout the day before plunging down in the last hour of trade and made a low of 27324.58 and closed the day at 27425.73. It could not sustain the critical point of 27500 and closed below it, today’s move was disturbing and indicative of further down move. I would therefore suggest to avoid fresh long call completely till it closes above 27500 and sustain it for at least 2-3 days, however those who are still holding long trade should not add fresh long trade in any case and exit long trade if it  gives sign of closing  below 27330.

Going up it will face resistance at 27500 / 27761 / 27851.10 & 27824 and moving down it will have support at 27247 / 27091 & 26776.12..

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 it has closed below the critical point of 27500, therefore long call is completely ruled out till it closes above it again and stays their  for at least 2-3 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.

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-13-1-2015

Nifty-Technical View For-13-1-2015

NIFTY CLOSED AT 8323 ON 12-1-2015

SUPPORT: -8290 / 8282.70 / 8272.80 / 8180 / 8160 / 8147.95 / 8118 / 8075 / 8049 / 7961.35 / 7840 / 7808 / 7723.85 7664 & 7540.

 RESISTANCE: - 8365---8375 / 8445.60 / 8470 / 8535.35 / 8626.95..

(Figures in bold are important)

Nifty opened on a positive note at 8291.35 and made a high of 8332.60 and made a low of 8245.60 before closing the day at 8323. It was a day of huge fluctuation but at the end of the day the nifty closed above its critical level of 8291, now it has to be seen whether it will sustain this level or not, however since it has closed above 8291 therefore existing long call can be held on to and fresh long call can also be added above 8291 but get alerted and avoid adding fresh long call if it consistently starts trading below 8270 and exit long trade if it closes below 8220. Please note that fresh long call one would take on 13-1-15 should be exited if it gives sign of closing below 8265.

 Going up it will face resistance at 8365-75 / 8445.60 & 8470 and moving down it will have support at 8290 / 8282.70 / 8272.80 / 8180 / 8147 & 8049. 

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 it has closed above the critical point of 8291 therefore existing long trade can be carried on and fresh long position can also be added with proper alert and stop losses as mentioned above.

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-13-1-2015

CNX-Bank Index closed at 18795.85 on 12-1-2015

SUPPORT: - 18736.65 / 18728.20 / 18630 / 18428 / 18211.50 / 18183 / 17968 / 17890 / 17546 / 17502

RESISTANCE: - 18875.45 / 18941 / 19166 / 19385.

(Figures in bold are important)

Index opened on a positive note at 18632 and made a high of 18822.05 and made a low of 18530.10 before closing the day at 18795.85. It was a day of wild swings but at the end of the day Index closed above its critical level of 18740, now it has to be seen whether it will sustain this level or not, however since it has closed above 18740 therefore existing long call can be held on to and fresh long call can also be added above 18740 but get alerted and avoid adding fresh long position if it consistently starts trading below 18720 and exit long trade if it closes below 18500. Please note that fresh long call one would take on 13-1-15 should be exited if it gives sign of closing below 18620.

Going up it will resistance at 18876 / 18941 / & 19166 and moving down it will have support at 18728 / 18428 & 18211.50.

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 it has closed above the critical point of 18740 therefore existing long trade can be carried on and fresh long position can also be added with proper alert and stop losses as mentioned above.

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 For-13-1-2015

BSE-Sensex  closed at 27585.27on 12-1-2015

SUPPORT: - 27485 / 27354.99 / 27247 / 27091.38 / 26845 / 26776 / 26469.42 / 26220 / 25910.77 / 25460 / 25232.

RESISTANCE: - 27761 / 27851.10 / 27924 / 28064.49 / 28267 /28541.96 / 28822.37.

 (Figures in bold are important)

Sensex opened on a positive note at 27523.86 and made a high of 27620.66 and made a low of 27323.74 before closing the day at 27585.27. It was a day of wild fluctuation but at the end the sensex closed above its critical level of 27500, now it has to be seen whether it will sustain this level or not, however since it has closed above 27500 mark therefore existing long call can be held on to and fresh long call can also be added above 27500 but get alerted and avoid adding fresh long position if it consistently starts trading below 27458 and exit long trade if it closes below 27330. Please note that fresh long call one would  take on 13-1-15 should be exited  if it gives sign of closing below 27458.

Going up it will face resistance at 27761 / 27851.10 & 27924 and moving down it will have support at 27480  / 27247 & 27091.38 / 26469.

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 it has closed above the critical point of 27500 therefore existing long trade can be carried on and fresh long position can also be added with proper alert and stop losses as mentioned above.

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.

DOW JONES INDUSTRIAL AVG INDEX-Technical Observation---11-1-2015

DOW JONES INDUSTRIAL AVG INDEX CLOSED AT 17737.37 ON 9-1-2015

SUPPORT:- 17726.55 / 17666—17589---17512—17416 / 17350.64 / 17262.37 / 17151.56 / 17067.59 / 16674 / 16540.

RESISTANCE: - 17824 / 17916.04 / 17991.19 / 18103.45 / 18640.

(Figures in bold are important)

Dow has been highly volatile in last couple of months, to be precise from Sept-2014 and giving wild swings quite often but now showing some sign of exhaustion at the upper level although the up -trend is still intact. It made a rounding top at 18103.45 on 26-12-2014 and then made a bottom at 17262.37 on 6-1-2015 and thereafter moved up again and supposedly made a top at 17916.04 on 8-1-2015, if this top is held then it will be a lower top after a long gap of time which will be a potential indication of it going into reasonable to significant correction in coming days. Please note that DOW will gain real strength and resume uninterrupted and smooth up run only if it moves above 17824 and sustain it for some time and then crosses 17916.04 level.

It is important to mention here that the long term moving averages for it at present is in the range of 17270—16903(it changes every day), violation of the upper band of the range will be the first sign of threat to the up- trend and break below the lower band will spell real danger to the long term up-trend,therefore if the up- trend has to stay then it cannot remain below even the upper band of the moving averages range for a longer period. So be watchful if  it falls within this  range.

   

REMARKS:-Long term up - trend is still intact. But it is showing sign of exhaustion at upper level and will ensure smooth up run only if it moves above 17824 and stays for some time and then crosses 17916.04 mark.The long term up trend would be threatened below 17270.

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 For-12-1-2015

BSE-Sensex  closed at 27458.38on 9-1-2015

SUPPORT: - 27355 / 27335 / 27256 / 27091 / 26776 / 26469.42 / 26220 / 25910.77 / 25460 / 25232.

RESISTANCE: - 27355 / 27485 / 27500 / 27851.10 /28064.49.

 (Figures in bold are important)

Sensex   opened with a up gap at 27404.19 and made a high of 27507.67 and a low of 27119.63 before closing the day at 27458.38.It was a day of great upheaval for it  and in the process it did get past the critical level of 27500 by a whisker but could not close above it, so overall it seems that the on- going pull back rally is either completed or near completion, however optimistically at the most it can extend up to 27761. Kindly note that sensex will gain real strength and resume smooth up run again only if it moves above 27500 and sustain it for some time. I would therefore take a long call only if it closes above 27500 and stays for at least 2-3 days with a stop loss of close below 27450.

However aggressive and day trader can try both short and long call at proper levels, one can take long call now for a target of 27575 / 27650 & 27760 but get alerted if it starts trading below 27365 and exit trade below 27310, short call can be tried below 27350 with a stop loss of above 27455 for a target of 27250 & 27091. I once again reiterate that it will regain steady up momentum only if it could sustain above 27500 mark.

Going up it will face resistance at 27500 / 27575 & 27760 and  moving down it will have support at 27256 / 27091 & 26776.

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 strictly advice to take long call only if it closes above 27500 and stays, but aggressive and day trader can try both long and short call using the above mentioned levels and 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.

Nifty-Technical View For-12-1-2015

NIFTY CLOSED AT 8284.50 ON 9-1-2015

SUPPORT: -8282.70 / 8272.80 / 8256 / 8180 / 8160 / 8147.95 / 8118 / 8075 / 8049 / 7961.35 / 7840 / 7808 / 7723.85 7664 & 7540.

 RESISTANCE:- 8291 /  8364.75 / 8373 / 8445.60 / 8470 / 8535.35 / 8626.95 ..

(Figures in bold are important)

Nifty opened with a gap up at 8285.45 and made a high of 8303.30 and a low of 8190.80 before closing the day at 8284.50.It had a wild swing today, overall it seems that the pull back rally is either completed or is on the verge of exhaustion so optimistically at the most it can extend up to 8365-8375 level. Kindly note that nifty will gain real strength and resume smooth up run again only if it moves above 8291 and sustain it for some time, it did get past beyond 8291 today but could not close above it. I would therefore take a long call only if it closes above 8291 and stays for 2-3 days.

However aggressive and day trader can try both short and long call at proper levels, one can take long call now for a target of 8330 but get alerted if it starts trading below 8255 and exit trade below 8220,short call can be tried  below 8250 with a stop loss of above 8291 for a target of 8180 & 8150. I once again reiterate that it will regain steady up momentum only if it could sustain above 8291 mark.

Going up it will face resistance at 8328 & 8365-75 and moving down it will have support at 8272  / 8220 / 8180 / 8160 & 8147. 

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 strictly advice to take long call only if it closes above 8291 and stays, but aggressive and day trader can try both long and short call using the above mentioned levels and 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-12-1-2015

CNX-Bank Index closed at 18637.25 on 9-1-2015

SUPPORT: - 18537 / 18428.10 / 18365 / 18211.50 / 18137 / 18051 / 17968 / 17890 / 17546 / 17502

RESISTANCE: - 18676.10 / 18728.20 / 18736.75 / 18875.45 / 18923.60 / 19166.

(Figures in bold are important)

Index opened with a gap up at 18845.90 and made a high of 18864 and a low of 18479.65 before closing the day at 18637.25.It had a volatile session today and it did get past the critical level of 18740 during the day but could not close above it,so  overall it seems that the pull back rally is either completed or near completion ,so optimistically at the most it can extend up to 18930 level . Kindly  note that index will gain good strength and resume smooth up run again only if it moves above 18740 and sustain it for some time and then crosses the 18930 mark. I would therefore take a long call only if it closes above 18740 and stays for 2-3 days.

However aggressive and day trader can try both long and short call at given levels,one can take a long call now for a target of 18740 & 18850 but get alerted if it starts trading below 18600 and exit trade below 18480,short call can also be tried  below 18600 with a stop loss of above 18650 for a target of 18460 & 18350. I once again reiterate that it will regain steady up momentum only if it could sustain above 18740 mark.

Going up it will resistance at 18740 & 18924 and moving down it will have support at 18428  & 18211.

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 strictly advice to take long call only if it closes above 18740 and stays, but aggressive and day trader can try both long and short call using the above mentioned levels and 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--12-1-2015

Nifty-Technical View For-9-1-2015

NIFTY CLOSED AT 8234.60 ON 8-1-2015

SUPPORT: -8180 / 8160 / 8147.95 / 8118 /  8075 / 8049 / 7961.35 / 7840 / 7808 / 7723.85 7664 & 7540.

 RESISTANCE:- 8256 / 8272.80 / 8282.70 / 8291 /  8364.75 / 8445.60 / 8470 / 8535.35 / 8626.95 ..

(Figures in bold are important)

Nifty opened with a gap up at 8191.40 and made a high of 8243.50 and a low of 8167.30 before closing the day at 8234.60. It gave a robust up move today but it seems that it is a pull- back rally as of now and it may exhaust around 8256 & 8301 level or may extend up-to 8365 level but not likely to sustain these levels .Kindly note that nifty will gain real strength and resume smooth up run again only if it moves above 8291 and  sustain it for some time. I would therefore advice to take long call only if it moves above 8291 and stays.Going up it will face resistance at 8283 / 8328 & 8365 and moving down it will have support at 8180 / 8160 & 8147. 

The aggressive and day trader can try both long and short call on 9-1-2015 according to the price movement in the market.

1. Short call can be tried below 8270 with a stop loss of above 8291 for a target of 8200 & 8180 .

2. Long call can be tried above 8291 with a stop loss of below 8260 for a target of 8330 & 8365.

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. It gave a decent up rally today, so trader can try both short and long call on 9-1-2015 at proper points as mentioned above but positional long call should only be taken if it moves above 8291 and sustain for some time.

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-9-1-2015

CNX-Bank Index closed at 18701.40 on 8-1-2015

SUPPORT: - 18676 / 18428.10 / 18211.50 / 18137 / 18051 / 17968 / 17890 / 17546 / 17502.

RESISTANCE: -  18728.20 / 18736.75 / 18875.45 / 18923.60 / 19166.

(Figures in bold are important)

Index opened with a gap up at 18587.10 and made a high of 18752.30 and a low of 18486.20 before closing the day at 18701.40.It made a robust recovery of 397.15 points today after two day’s fall but it still has two hurdle to cross before it resumes smooth up move again and that is 18740 & 18923.60 level. I would therefore suggest to take positional long call only if it moves above 18740 and sustain and can add further long position above 18923.60 for good gains. The aggressive and day trader can try long call now also on 9-1-2015 with a stop loss of below 18500. Going up it will resistance at 18740 & 18924 and moving down it will have support at 18428 & 18211.

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. Aggressive trader can try long call now with a stop loss of below 18500 but I would prefer to try long call only if it moves above 18740 and sustain.

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.