Nifty Chart

Nifty with breakout support

Banknifty with Breakout support

Nifty Chart

Nifty Cash Closed above +ve breakout line and halted at FIBONACCI resistance
mentioned Trade support and trend support with Trade resistance.  Expected some profit
booking in INTRA.

Nifty Chart

yesterday Nifty hold +ve breakout line and closed below strong resistance 8213
Both levels for support and resistance issued

above 138.2% of the swing will be good for up side.  Still range bound 8300-8000.

Nifty Chart

Both support lines

Nifty Chart

Nifty Chart

FALSE breakout.  Closed below 8560.  Wait and watch for today closing.
8480 Wave support.  Negative divergence in MACD Histogram. 

Nifty Chart

Ttrade Support 8583-8580
Trade Resistance 8633-8638

Trend Support  8551-8547
Trend Resistance 8694-8707

Closing basis hold above the +ve breakout line is good for bulls
Trend +ve, momentum at obz.  so equal strength for bulls and bears.

Profit booking and buy on dip is the strategy in intra.

MF says some negative divergence with double top.
So expected some profit booking at every resistance.

+ve close must today with volume.

Nifty Chart

1st   H   8469,        closed 8377 - below 8469

2nd  H   8504,        closed 8398 - below 8469

3rd  H   8489,         closed 8458 - below 8469

4th   H   8467,        closed 8433 - below 8469

5th   H   8481,        closed 8453 - below 8469

  6th   H   8479,         closed 8444 - below 8469  

Hourly chart issue some profit booking

Trade support 8469-8464

Trend support 8436-8427

Below Trend support it will bounce back

 from 8411-8407

Trade resistance 8507-8511

Trend resistance 8529-8537

Above Trend resistance it will touch 8593-8600 

for profit booking

Nifty Chart

EXACTLY closed at yesterdays predicted resistance 8353, so today's closing must be important for
further move.

Close exactly around the positive breakout neck line.

8387-8394 Trade resistance
8438-8441 Trend Resistance

8330-8326 Trade Support
8305-8296 Trend Support

Closing Basis R 8470
Closing basis S 8270

Nifty Chart

Position : Short

First Triangle breakout target 6037.  Break even point for 180
points target is at 6220.  Closed below the major support 6150.

Option 1 rise from here up to 6250+ then down
Option 2 rise from here up to 6200+ then down
Option 3 directly towards target from here
I prefer Option 2, This is hourly chart, daily chart is still in OBZ
with negative trend.

Both 23.6% of 5700-6342 is at 6190 and positive
Break out Support [now Resistance] 6184-6193 are co-inside
so very strong resistance 6190.

TREND-ve/Momentum-ve

Nifty Chart

Position NIL

Nifty Trade support 6090-6078 Resistance 6156-6165
Nifty Trend Support 5975-5967 Resistance 6229-6237

Weekly Chart issue positive breakout with huge gap up.  Lower tops trend line at 6300
above that channel target 6400.  Highly OBZ.  But there is no
confirmation for short also.  So wait and watch for lower top
or some negative breakout.

Trend +ve/Sideways

Nifty Chart

Position Nil

Nifty trade support 5805-5788 Resistance 5888-5890
Nifty trend support 5788-5780 resistance 5980-6007

Consolidation is going on within the range of 5950-5800.  So be cautious on
PUT and CALLS for this month.  Either side breakout will issue some
vigorous move for 200-250 points.   Booth side holders be cautious with
strict stop loss.

Nifty took a resistance exactly 5950 on Monday as per prediction.  Oscillators
almost reached OBZ.  so either consolidation or down side breakout is possible.

Nifty Chart

Position : Nil

Nifty Trade Support 5982-5971 Resistance 6039-6052
Nifty Trend Support 5946-5940 Resistance 6086-60
38.2% of the swing.

Next resistance at 5950 [23.6% of the swing]. Nifty
Bounced from 78.6% and crossed 38.2%, so minimum target 23.6%
Wait for the opportunity to short. Monthly Fibonacci resistance around
5942, swing;s 23.6% around 5950.

Trend , profit booking with sideways.

Trend Line [31-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trend Resistance 5627-5616 [5614 EXACTTTTTTTTTTT High]

Trend Support 5540 [Closed Below this level]

28th January 2011 OHLC : open 5614, High 5614 Low 5459, Close 5512

31th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Andhra Bank, Ballarpur Industries, BPCL, Canara Bank, Central Bank, Colgate Palmolive, Dabur India, Indian Hotel, IDFC, Hindustan Oil, GVK Power, Gujarat Fluor, Escorts, DLF, Jindal Saw, KEC Intl, Lakshmi Machine (LMW), LML, Maharashtra Seamless, Mcleod Russel, MMTC, National Aluminium, NAvneet Publication, Novatis India, NTPC, Shriram Trans, Shree cement, Rolta, Pentamedia, SilverLine Tech Sun Pharma, TATA Communication, TATA Metaliks, 

Technical View of NIFTY : 

-ve : Closed Below 200 EMA level, and Closed Below Investment sl 5600

+ve : Next 50% support for the swing 4538-6338 is at 5438, 

Next +ve breakout support is at 5399,  61.8% at 5226, Major trend line

support 5050.

Trend Line [20-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted Trade resistance 5759-5748 [5747.65 EXACTTTTTTTTTTTT High]

Opening itself at the resistance and lower tops in intra 5745, from

there continuous down with minus closing.

OHLC : open 5737, High 5747 Low 5662, Close 5691

20th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Biocon, JSW energy, Kirloskar Bros, KotakMahBank, SRF, TVS Motor, Wipro Zee News, and YesBank

and Many other mid cap and small cap stocks 

Technical View of NIFTY : 

+ve : Close around the triple bottom trend line support 5690-5683

and honour the 200EMA 5649.  Once it honour the +ve breakout trend

line 5600 on closing basis , then market may recover.

-ve : Closed negative, and honour the Lower top trend line yesterday,

Fibonacci SWING 6338-5348, 61.8% at 5726 Lower tops Trend line, Violation of Triple bottom, Trend line coinside at the same place. Very strong resistance at 5634-5747.  FIBO Swing 6181-5624's 78.6% 5743.  So cluster of resistance around 5726-5755.  

+ve : 

Chart view of NIFTY :

+ve breakout support at 5600 and investors sl also around there.

Momentum indicator/Oscillator indicators in over sold. 

Trend Line [31-12-2010]

Technical View of Nifty / Technical view of Market Trend  : 

Technical View of NIFTY : 

Momentum RSI at 92 in Daily Chart. 

ADX +DI just crossed 30.

Money Flow indicator at 72. 

Golden Cross indicator issued buy signal 3 days before.  

Nity closed above previous high 6069. 

William'sR at Over bought zone and average of WR at -14.

Chart view of NIFTY :

-ve breakout trend line resistance at 6189-6194.  

Elliott Wave target of this swing from 5720 is at 6121-6130

(Previous high and profit booking zone.)

Expected profit booking around Elliot wave target and retraced 

upto TDL Trend support. The positive breakout and mid term trend line

coinside at the same place 6038-6025. Implies Very strong support.  

Option 1: Once Nifty hold this trend support

then possible for 6232-6250. 

Option 2 : Once Nifty fails to hold 6038-6025, then target may be around 5827-5800

YESTERDAYS COMMENTS : 38.2% of swing from 6338 [previous high] to 5690 [previous low]
at 6090. But Stiff resistance in the range 6063-6076 [previous highs 27th August
29th August, 27th October, 18th November, 6th December and 29th December].
So the range may be from 6076-6090. Expected some retracement from here.
Only because of the F&O expiry today, Once its sustained above 6090
and closed above this level for 2 consecutive days, then Nifty
try to go upto 6118-6130. So be cautious if you are in short.
EMA support at 6023-6017 in hourly and 5980-5973 in daily
Bulls try close above 6103 , Bears try to close below 6090
Wait and watch.

Daily Technical Analysis of NSE index CASH NIFTY and Momentum of Market
with NIFTY CHART, NIFTY TECHNICAL ANALYSIS, NIFTY ANALYSIS.

Details in Table : Previous Day Open,High,Low and Close
200 Day Exponential Moving Average, 50 EMA and 13 EMA,
International Standard levels Like Pivot, Support & Resistance
Intraday Templates Support & Resistance,
Fibonacci Trading Support and Resistance,
Fibonacci Trend Support and Resistance

SHIVA's predicted TDL trading and trend support, resistance
Position : Long or short with how many points eared/loss in
positions.

Major support and resistance Levels for nifty. This levels
will change the market from Bullish Market to Bearsih Market
HIGH LIGHT :
I USED 6350 as a major resistance for the past 5 months [ACTUAL HIGH 6338]
I USED 5700-5650 as major support for the past 5 months [ACTUAL LOW 5690]

Comments on Intraday TREND and Actual Trend of market
ie., Bullish, Bearish, FLAT, Sideways, positive, Negative etc.

Expectation about GAP up, GAP down or FLAT

Investors support levels for Nifty

Yesterdays Performance about levels and comments

Breakout Out support [10-12-2010]

Typing mistake in Trade and Trend support/resistance

Nifty Trade S 5759-5745 R 5799-5805

Nifty Trend S 5685-5680 R 5827-5835

Fibonnaci [29-11-2010]

Negative Breakout [03-08-2010]

Neck line