Nity Chart

Nifty Trade Support 6038-6033 Resistance 6059-6063
Nifty Trend Support 6003-5999 Resistance 6124-6129

200EMA at 6003,strong support on closing basis for negative side.
50% of 5933-6415 @ 6174, So, 6180 act as a on closing basis
strong resistance for bulls.

50EMA at 6143, Negative Breakout trend line at 6160,  So
Small hurdles for bulls here to reach another upside of +20 to 30
points.

Once nifty fails to close above negative breakout trend line
and that is the confirmation for down side again.

Trend -ve / Momentum+ve

Buy Nifty

Position : Nil

CMP-5655
Nifty Trade Support 5644-5640 Resistance 5683-5690
Nifty Trend Support 5580-5573 Resistance 5719-5727

Technical Details : 
Trend Line Support at 5623
Previous EW High at 5629
78.6% of 5477-6229 is at 5637 [bounce back area 5637-5600]
38.2% of 4531-6229 is at 5580 

Risk Takers Buy Nifty around 5637-5600 with sl 5550(Closing Basis) qty-500
Without Risk Buy Nifty  around 5590-5570 with sl 5550(Closing Basis) qty-1000

wave target

Head and Shoulders [Inverse]

Intraday free tips

Tipss Bse Nse - 20/05/2009

ACTUAL TECHNICAL ANALYSIS

Tipss Bse Nse - 11/05/2009 - Chart 1

Formation of Rising Wedge and lower line breakout implies

negative and bearish implication. So avoid long and sell

on every resistance or then and there for profit booking. How to Use this Chart

Tipss Bse Nse - 04/05/2009 - Chart 1

Expected high volatility with profit booking in

intraday at every resistance.

Tipss Bse Nse - 27/04/2009 - Chart 1

Dont want risk then book your long @ TDL

Trend Resist. Risk takers sl for long 3450 and

hold long for 3560-66. Risk lovers target 3610

for long with sl 3450.

Tipss Bse Nse - 22/04/2009 - Chart 1

As per yesterdays intraday chart published Nifty

future break the 10day's support line and for the

target 3280. Good double bottom at 3307 will hold

nifty in +ve zone. That has created the

resistance arround 3388-95. And 200 EMA also at

3395. Continous closing below 3395 (200EMA)

will not a good sign for nifty. Negative Breakout

Tipss Bse Nse - 02/04/2009 - Chart 1

Tipss Bse Nse - 26/03/2009 - chart 1

Trading Support 2930-2920 and resistance 3013-3027

Trend Support 2890-2883 and resistance 3054-3065

Tipss Bse Nse - 25/03/2009 - chart 1

Intraday support arround 2900-2907 and resistance 2960-2965. Trend support 2865-2860. and resistance 3030-3043.

Tipss Bse Nse - 23/03/2009 - Chart 1

Global cues will lead nifty towards TDL trend

resistance in intra. Risk takers will keep sl 2860

for short.

Tipss Bse Nse - 19/03/2009 - chart 1

Tipss Bse Nse - 18/03/2009 - chart 1