Nifty-Technical View-24-7-14

NIFTY CLOSED AT 7795.75 ON 23-07-14

 SUPPORT: -7731.05 / 7700.05 / 7685 / 7661 / 7629 / 7611.35 / 7593 / 7563.50 / 7487.50 / 7481.30 / 7447.20/ 7441.60 / 7422.15 / 7402.25/ 7382 / 7291 / 7229/ 7118.45 / 7067 / 7020.

 RESISTANCE:    7808.85 / 7809.20 / 7873 / 8060 / 8125.

  (Figures in bold are important)

 Nifty opened up firmly today at 7797.90 and made a new all time high of 7809.20 by a whisker  and closed the day at 7795.75.It has made double top at the high (Previous top of 7808.85 & today’s top of 7809.20),therefore I suggest that take fresh long call only if nifty closes above 7809.20 and one can book partial profit on long calls carried on from the lower level. However those who want to hold the entire long position can hold the long call above 7701.65 & 7685 for the week and above 7629  for the month of July-14.Kindly get alerted if it goes below 7640 (this figure will change every day) and get out of the long trade if it closes below 7618(this figure will change every day). Your stop loss for the long trade in nifty is close below 7618 for 24-7-14.

REMARK:- Long term trend is up but now it is a top  situation therefore avoid fresh long call till nifty closes above 7809.20.

 Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves 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

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Trading Calls For-23-7-14

CNX-Bank Index-Technical View-23-7-14

CNX-Bank Index closed at 15427.35 on 22-7-2014

SUPPORT: - 15389.35 / 15288.30 / 15241.90 / 15089.30 / 14965 / 14858.90 / 14857.50 / 14770  / 14709.30 / 14338.65 /  14063.60 / 13885 / 13489 / 13414.30 / 12738.60

RESISTANCE: - 15463.15 / 15568.05 / 15592.80 / 15725.80 / 15742.05/ 15930 / 16308 / 16367 / 16608.

(Figures in bold are important)

Index opened firmly today but broke previous day low of 15355.35 and made a low of 15306.35 and did not cross the previous day high of 15554.90 . Its today’s movement still suggest that avoid fresh long call below 15463.15 & 15510 for  the week and below 15288.80 & 15241.90 for the month of July-14 .Kindly get alerted if it goes below 15190 (this figure will change every day) and get out of the long trade if it closes below 15140(this figure will change every day). Your stop loss for the long trade in index is close below 15140 for 23-7-14.

 REMARKS:-Long term trend is intact, therefore it is buy on dip market now but avoid long calls below 15463.15 & 15510 . Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves 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-23-7-14

NIFTY CLOSED AT 7767.85 ON 22-07-14

 SUPPORT: -7731.05 / 7700.05 / 7685 / 7661 / 7629 / 7611.35 / 7593 / 7563.50 / 7487.50 / 7481.30 / 7447.20/ 7441.60 / 7422.15 / 7402.25/ 7382 / 7291 / 7229/ 7118.45 / 7067 / 7020.

 RESISTANCE:    7808.85 /7873 / 8060 / 8125.

  (Figures in bold are important)

 Nifty opened up firmly today  at 7708.20 and steadily moved up and  made a high of 7773.85  during the day before closing the day near the high at 7767.85.Since it has crossed the resistance range of 7700-7735 it is expected to surpass the previous high of 7808.35.I suggest to hold the long call above 7701.65 & 7685 for the week and above 7629 & 7611.35 for the month of July-14.Kindly get alerted if it goes below 7629 (this figure will change every day) and get out of the long trade if it closes below 7597(this figure will change every day). Your stop loss for the long trade in nifty is close below 7597 for 23-7-14.

 REMARKS:-Long term trend is intact, therefore it is buy on dip market hold long calls above 7701.65 & 7685 for the week . Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves 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-22-7-14

CNX-Bank Index-Technical View-22-7-14

CNX-Bank Index closed at 15385.95 on 21-7-2014

SUPPORT: - 15288.30 / 15241.90 / 15089.30 / 14965 / 14858.90 / 14857.50 / 14770  / 14709.30 / 14338.65 /  14063.60 / 13885 / 13489 / 13414.30 / 12738.60

RESISTANCE: - 15463.15 / 15568.05 / 15592.80 / 15725.80 / 15742.05/ 15930 / 16308 / 16367 / 16608.

(Figures in bold are important)

Index opened with a gap up today and made a high of 15554.90 and made low of 15355.35 during the day before closing the day near the low at 15385.95. Its today’s movement suggest that avoid fresh long call below 15463.15 & 15510 during the week and below 15288.80 & 15241.90 for the month of July-14 .Kindly get alerted if it goes below 15140 (this figure will change every day) and get out of the long trade if it closes below 15114(this figure will change every day). Your stop loss for the long trade in index is close below 15114 for 22-7-14.

 REMARKS:-Long term trend is intact, therefore it is buy on dip market now but avoid long calls below 15463.15 & 15510 and  try fresh long call near 15140-200 or above 15241.90& 15288.80 with a strict stop loss of below 15114  on closing basis for 22-7-14. Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves 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