Big Move in Nifty

Posted on Tuesday, 4 November 2014 by Unknown

Nifty closed at 8324 and we can expect a big move with in next 3 trading session that is minimum movement of 100 to 150 points up or down.

weekly and monthly levels

Posted on Thursday, 4 July 2013 by Unknown

Nifty weekly levels:

5684 and 5763 will act as a major support and 5921 and 6000 will act as a major resistance.

Monthly levels:

5720 and 5597 will act as a major support and 5964 and 6087 will act as a major resistance.

Nifty levels

Posted on by Unknown

Nifty Levels for 5th July 2013

5854 5871 will act as resistance and break out above 5871 and sustains for 15 min with good  vol one can buy for the TGT of 5900 5920.

5820 5803 will act as support and break below 5803 and sustains for 15 min then the TGT is 5763 5750




As i mentioned you yesterday NIFTY took a resistance at 5635 and made a low of 5579 and closed at 5588 and rupee closed an all time low at 61.15 for July series.

Nifty levels for tomorrow (27th June 2013)

Resistance at 5604 5620 breakout above 5620 buy NIFTY for the TGT of 5660 5680
Support at 5574 5560 breaks below 5560 sell NIFTY for the TGT of 5533 5500

The candlestick pattern formed on the daily chart of Nifty spot resembles ‘Long Legged Doji’(25th June chart) which suggests indecisiveness prevailing at current levels.

NOTE:

  1. Their might be very volatile ahead of June expiry, option data suggest expiry might close between 5650 to 5700 CMP 5588
  2. CAD outcome (previous -32.63 Bln $)

Nifty unable to sustain above 5630 on closing basis, made a high of 5666 and closed at 5609 and we can see a reduction in OI ahead of expiry and VIX closed at 21.14.

Levels for tomorrow (26th June 2013)

Resistance at 5635 5662 and breakout above can go up to 5686
Support at 5583 5556 and below 5556 can fall up to 5533

Nifty Levels for Monday i.e. 21st June 2013

Posted on Friday, 21 June 2013 by Unknown

Nifty levels for Monday:

  • Nifty is having a support at 5630 below that we can expect 5600 and resistance at 5687 and 5706 above that we can expect up to 5736.


Weekly Support and Resistance: 

  • Strong support at 5600 closing below target is 5533
  • Strong resistance at 5736 closing above target is 5803 5820

Monthly trend: Weak below 5820

Nifty SPOT closed at 5667.65 and June Fut closed at 5655.95 Discount of 11.7 pts. 

Note: All levels mentioned are SPOT LEVELS 


Disclaimer:-
"The opinions expressed in this blog are based on my individual experience and perceptions and not for Investment or any advisory purpose’’