Nifty-Technical View--23-1-2015

NIFTY CLOSED AT 8761.40 ON 22-1-2015

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

 RESISTANCE: - 8960 / 9039 / 9061 / 9704.

(Figures in bold are important)

Nifty opened with a small up gap at 8745.85 but filled the gap immediately and made a low of 8727 and thereafter made a new all time high of 8774.15 before closing the day at 8761.40. It is on an unabated rising spree therefore its vulnerability for correction is also very high at this point of time. So the long trade should be handled with extreme vigil and caution and positional trader 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 on a vertical rise it may encounter profit booking anytime and it may go in for moderate correction if it breaks 8740(it changes every day) level and stays. So for the day trader it is suggested  that avoid fresh long call if it consistently starts trading below 8740(it changes every day) and the stop loss for long trade would be below 8720(it changes every day) for 23-1-2015. Technically it is looking good but in overall perspective , I would advice to book at least part profit on existing long trades here.

Going up it will face resistance at 8960 / 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 at appropriate level and with proper stop losses. It is also suggested to book at least part profit on existing long trades.

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--23-1-2015

CNX-Bank Index closed at 19917.65 on 22-1-2015

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

RESISTANCE: - 20076 / 20387 / 20710 / 21097.

(Figures in bold are important)

Index opened on a positive note at 19898.50 and made a low of 19788.70 and thereafter made a high of 19964.25 and closed the day higher from the previous day at 19917.65. It came very close to its previous days high of 19964.95 but could not cross it and missed it by just .70 point, in the process it made a double top at 19964.95.Technically it is still looking good but if it does not cross 19965 mark in a day or two and stays below this then correction may step in, furthermore It is on an unabated rising spree for last few days therefore its vulnerability for correction is also very high at this point of time. I would therefore suggest to book profit on existing long trade (if not completely at least in part long trade) and take fresh long call only if it moves above 19965 and stays or after a reasonable decline. Please note  once again that since it had a vertical rise it may encounter profit booking anytime, therefore for the aggressive day trader it is suggested to avoid long trade if it consistently starts trading below 19850 on 23-1-2015 and stop loss for the long trade would be below 19750.

Going up it will resistance at 20076 / 20387 & 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, still buy on dip market but as of now,  I would advice to book profit on existing trade and  take fresh long call only above 19965 or on a reasonable decline.

 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---23-1-2015

BSE- Sensex  closed at 29006.02on 22-1-2015

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: - 29630 / 30150 / 30271.

 (Figures in bold are important)

Sensex opened on a positive note at 28957.79 and made a low of 28892.23 and thereafter made a new all time high of 29060.41 before closing the day at 29006.02. It is on an unabated rising spree therefore its vulnerability for correction is also very high at this point of time. So the long trade should be handled with extreme vigil and caution and positional trader should get alerted in existing long trade and avoid fresh long position below 28810 and exit long trade below 28700. Please note that since it on a vertical rise it may encounter profit booking anytime and it may go in for moderate correction if it breaks 28900(it changes every day) level and stays. So for the day trader it is suggested to avoid fresh long call if it consistently starts trading below 28900(it changes every day) and the stop loss for long trade would be below 28860(it changes every day) for 23-1- 2015 . Technically it is looking good but in overall perspective, I would advice to book at least part profit on existing long trades here.

Going up it will face resistance at 29630 & 30150 level and moving down it will have support at 28822 / 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 at appropriate level and with proper stop losses. It is also suggested to book at least part profit on existing long trades.

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---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