week 20-06-2011 --- 24-06-2011

Some days before, when NF break and close below RSV-3...it not stopped and continuously
going down side. Last Friday after 1.00pm, i was thinking that, it can go up side few from Monday...but break down all supports.... and now immediate short term bull run is not possible
now before 5150 or 5045 at-least ..i think...its now sell on rise...
Today it cover-up nicely from today's low....and thinking can go up few also..

Now if NF can cross above 5318-5320 and can trade above this, then can test the resistance
at 5340-5355.
And during this period, if any hourly bar can close above 5332...then can try to cross the
hurdles 5355-5385. If can cross this then...5441-5462...

If NF not able to cross 5318-5320 or not sustain above this.......then again fall start...

Lets see..........




All levels and charts are for my own trading purpose,target,support,resistance. Others can use it for educational purpose.

Mid week update

NF not sustain above 5500..and approaching towards our down side target....

Nearest support is at 5398, then 5382.....and 5381..

If break and trade below 5381..then can test 5369..5352...

Nifty future break and close below our Day(main) SAR line...RSV line 3 (three black line last one down side) on 15/06/2011 and trading well below this line..

I am deeply concern about this..

It is really a deep bearish view for short term.........For bullish view...it should close above RSV line 1 (three black line..top one)

If it fail to close above RSV line 1.....then fall will continue..........as of now it looks like bearish trend.....

Today(16-06-2011) Day RSV-line's are at ----

Line 1 --- 5491

Line 2 --- 5479

Line 3 --- 5469

Lets see......

All levels and charts are for my own trading purpose,target...support..resistance....Others can use it for educational purpose.

Weekly view.........13-6-11 ----------- 17-6-11

As I was expecting, fall was not complete and few fall was left. Still few down side left also.
At once, if can go above 5490..then probably can go towards hourly high Ema 5499-5500.
Strong up side Resistances in between 5499-5501-5502-5503-5505-5508.
So, I think at once NF will not sustain above these Resistances..because i think few down
side left yet.
And Down side ..NF can fall up to
(1) 5434-5430-5427. And below this can fall up to
(2) 5393-5383-5381.

And expecting can bounce back from any of these area. If can bounce back from any of these
are, means, from (1) or (2)...then a Inverse H&S pattern can form...and above 5604 or 5614,
it will trigger.
A H&S pattern also already formed....now have to see, which way NF will go.......check the
chart below for H&S pattern and Inverse H&S pattern..


Now..Through EW analysis .......Just point out two pattern....two simple pattern, not going for complicated once....only for Reference and probable path.. NF can go next.

This EW count is bullish....up to very short term......and after this main "B" wave, a big fall will unfold towards 4800 level.
And this "B" wave can unfold to which level, will check it..but let it confirm first.

And the second one is ------

This EW count is bearish....and can unfold towards 4800 level..
But this wave count can unfold, if NF break 5330 and trade below 5300....

Summery-- As of now, I am expecting first EW count, means, bullish count. But market is
always supreme, and it will decide the next very short term move..
Will watch and act according to that.

Lets see.............








All levels and charts are for my own trading purpose,supports,resistance and target. Others can use it for educational purpose.

weekly View...6-6-2011 --- 10-6-2011.

AS of now its looks like NF bounce back up side due to hourly OB. And as of now i am thinking
fall is not complete yet, some more fall is on the card.
In the above chart, the low point from NF bounced back is 5330.
Any hourly close above 5570...can stop this fall and can reverse at-once.

And Once it break and trade below 5535......again fall will start...

I think NF can fall up to 5380-5385-5386-5387...5390-5391.....and bounce back...
And if 5380 break then again have to check...
And in that case 5330 should not break,, then only NF can bounce back from any low point
and can start a small bull run.

Lets see...........

Again will post in Mid-week.






All levels and charts are for my own trading purpose,supports,resistance and target. Others can use it for educational purpose.

Mid Week view.

Nifty Future is now at OB zone in 1h-4h-1d chart....A fall can start from few up side level.

The level which i given in previous post was...5580..a weekly close above this can trigger

a short term bull run....

Now this 5580 level is changed this week and now it is 5591...Above 5591 weekly closing

now can trigger a short term bull run..

But due to heavy OB condition, NF can fall from few up-side level...and thinking it will not close above 5591 in this week.

So from which level, NF can reverse ------

There is some Resistances up-side....

1. A Chanel Resistance in day chart is at ....5591....Its a strong resistance point.

2. Above 5591....5593/5594........5600........5609(200 Day EMA).....These are some important

Ema's in different Time frame.

Fall Below 5536 can trigger panic fall.....Below 5536.....a minor support is at....5452..

I am point out two types of EW count for this fall...if happen....

1.Not posting the chart, one is totally bearish and can fall towards 5000 or below....will chalk

out more, once it confirm..

2. This one is bullish after few fall..and can bounce back from any of these support line...... 5354.....5358.....5364....5369.......Not posting chart but,will post once it confirm.

Lets see...........

All levels and charts are for my own trading purpose, supports,resistances and target. Others can us it educational purpose.

Weekly View -- 30/05/11 -- 03/06/11

A good recovery on last day of the week, and closed the weekly bar in positive.
After so many days, have seen some strength in day chart, last days closing is in the positive territory, but it is now trading at crucial area for bulls and bears.
Now bears need to do some extra job and have to give there full strength.
Because it is already just entered in bulls zone.........

For Monday.......5395-5397......is the crucial support.......below this again panic fall start up to
5323..and again the whole game will be with the bears group.

On Monday if trade below 5478/76......

Then can fall to 5464/60..It is the ultimate level and the SL
for long trade for Monday only.
Below 5460 NF can fall up to 5415-5400.

And On Monday if trade above 5478/76......

Above 5478 ......nearest Resistance is at 5491, 5501,5515,5519........
Above 5519..can go towards 5550-5554-5558.

Last Friday day i found that, 5300 and 5400 is the strongest support area in option segment.


For this week( New week--30/05/11 -- 03/06/11) -----

If NF can close above 5496,5548 and ultimate level 5580 in this week.....Then a very short term bull run will start,Weekly closing above 5580... is good for bulls....
And if this can happen then NF can go towards 5896 and can go above 5900......

Lets see.........

Will again post in mid week........... and will post Intra-day view in Google-group....






All levels are for my own trading purpose,support,resistance and target. Others can use it for educational purpose.

For 27-05-2011.

A nice pull back on expiry day. Bull's are enjoyed this - I think..
There is so many resistance ahead...

If NF can trade above 5409..then probably can test -- 5421-5431-5435-5437-5446.
5431-5437 are the above resistance Chanel..
Tomorrow probably NF can fall from any higher level.

Down side supports are at -- 5398-5390-5379-5369..
If break 5369..then can go down towards...
5341-5323-5315-5297..

Lets see......








All levels,charts are for my own trading purpose,supports,resistance and target. Others can use it for educational purpose.

For 24-05-2011.

Nifty future today breached and closed below last week low point.
A gap is left blank, and i think it will fill-up very shortly.

In above chart 5419-5422 is the Resistance Chanel, which was support before.
So above this Chanel if can stay, then can again go up-side, and probably can fill-up the gap.

Our RSV-line was bearish in hourly format from morning, and still not showing any strength.
In 15-M chart...The last bar was trying to close above RSV-line-3..but bar closed below this point ( 5382 )...which is showing still some weakness left in the system.

Now Tomorrow, if NF trade below 5377..Then another round of fall can start.



In this above weekly chart, nearest Chanel support is at 5348/47.
If break this Chanel support, then probably Nifty Future can go towards weekly 100 SMA
which is at 5323.

I think NF can bounce back from any of this low point, if fall from current level tomorrow.

And if NF tomorrow can trade above 5377 and can stay above 5382 up to 15 -20 minutes...

then can try to cross above Chanel resistances...5419-5422..
If can stay above 5422...then can try to fill-up the gap...and during this work if any hourly bar
can manage to close above our hourly RSV-line-1( which is now at 5442--but tomorrow it
can be at 5440-5432...will upload if can close above this)..then it can go towards...5493..

If NF can go up above 5493 and can close above this in weekly basis, it will be good for bull.
Close above 5545 weekly basis..can trigger the next very very short term bullish run..

Lets see............










All levels and charts are for my own trading purpose,supports,resistances and target. Others can use it for educational purpose.

For 20-05-2011.

Today NF was mostly moving flat. And not even break last day's high or low.
Most of the trading time,moving in between hourly high Ema and hourly low Ema, and
lastly closed above hourly 10 Ema.
If tomorrow in trading hour, NF can sustain above 5440, then can gain strength and can test
5487, its a view from important hourly EMA side.

The +ve divergences developed in hourly and Day charts last day, today also found in the chart
with more clear view fro last day.

The weekly Chanel support is the crucial support down-side at 5389.

Now the next chart......
RSV-line is nothing else, its our SAR level with 3 lines.
In Yesterday's post, check the 30-M chart RSV-line, one last 30-M bar closed above
RSV-line-3.
Today last 30-M bar closed above RSV-line-1 bar(5432).

Now check below hourly chart with RSV-line.
One last bar closed above RSV-line-3 bar. If tomorrow, one hourly bar can go above
RSV-line-1(at present- 5448,Tomorrow first hour it can be at 5446-5450), and can close
hourly bar above this line, then it will be bullish.
Below RSV-line-3(at present-5426) it is bearish.

Its all the simple view of current NF position. Let it first clear the next trend.


Is NF preparing for this .....????........Next chart......











All levels and charts are for my own trading purpose,supports,resistances and target. Others can use it for educational purpose.

For 19-05-2011.

Nifty Future bounce back from just above the weekly Chanel support.
Weekly support is at 5389.
Below this another support is in day chart at 5385 for tomorrow.
There is some +ve divergence visible in hourly and day chart.

See the next chart ---

In this 30-M chart, not a single bar closed above RSV-line-3 during this fall,
But today last bar just closed above this RSV-line-3.
If tomorrow it can manage to close above RSV-line-1, then can go up side, until & unless one bar close below RSV-line-3.

And if can cross and stay above 5459, then can gain strength.
Above 5459 if can stay, then can go towards 5519 - 5556.
close above 5556, is more bullish.

And if fall from current level, then nearest support at 5416/17 and below this can test
weekly or daily support, below that 5359.
Any way , i think NF will not stay at these low level.

Lets see.....









All charts and levels are for my own trading purpose,supports,resistances and targets. Others can use it for educational purpose.

For 18-05-2011.

NF break today Range bound in side Chanel movements, but not break 5417 monthly support.
But closed below monthly low Ema.
Below 5417 , there is also few more support exist at 5395 and 5384.
These all are down side major Chanel supports.

A probable EW count in hourly Chart ------

As per this probable EW count, NF can move upside towards 5600.
But have to cross so many resistances, other wise this above count will be invalid.
At first it should move above 5448-5460-5481.
5468-5479 level is the first resistance level.
If NF can stay above 5470 for 30 min. then can go for next.
Most important one hourly bar should close above 5505, then one hourly bar should close above 5525.
Then real up move strength will be back and can go above 5600.
If not any hourly bar not close above these level, then another round of fall can start.

Lets see.......







All charts and levels are for my own trading purpose,supports,resistances and target. Others can use it for educational purpose.

For 17-05-2011.

Nifty Future took support at broad down-side Chanel once again.
And NF not break Fridays low also.
Tomorrow can expect a bounce back from here or few points low side.
So for up side, i am thinking two types of EW-count ------

EW first count is very bullish for very short term, 1-2 days.
And alternate count is ---
Its a bearish count, with few up side momentum.
In this count, NF can move up few points up to 5532-5549-5567 and fall again.
In this count, NF can cross 5540, but should not stay above 5556 for more than two hour.

Its now a complicated situation....and have to see next movement, so that we can understand
the current phase.

Lets see............





All charts and levels are for my own trading purpose,supports,resistance and targets. Others can use it for educational purpose.

For 13-05-2011.

Today NF braked its flat movement, and also breached its down side Chanel and got resisted
at another Chanel support.
Now for tomorrow, we have two way, and NF will choose any one.
The nearest Chanel support for tomorrow is at 5470.
NF today ends at Over sold(OS) zone intra-day basis, so we can expect a bounce back.
Now the question is up to where it can go up or it will bounce back only due to OS and again start fall.
I have pointed out two possible EW count (3rd chart).
Now come to the next chart ---



As before we have seen so many times, in any fourth wave a false break out took place.
So this time also it can be a false break out, but it has to prove by its up side movement.
Above is the triangle pattern in hourly chart, where the down side triangle Chanel resistances
are at 5533 - 5547.
So if NF can cross above these resistance, then bulls group can give a fight for few times.

Now come to this below chart ---


Here is the two EW counts, and NF will chose any one.
For both EW count, a bounce back is possible, only difference in up side length.
For the Red EW count, if any bounce back, NF can go up to RSV-line-3 or
RSV-line-2, but will not sustain above RSV-line-3(last line).
The current EOD RSV-line possition is below --

RSV-line-3 -- 5535.
RSV-line-2 -- 5546.

So for Long short trade --
Long above 5519 with SL of 5470.
Or
Long above 5540 with sl of 5535(RSV-line-3).

And if, NF go up above 5535 and 5546 and if it again come down below 5535 and any hourly bar close below RSV-line-3, then
Short with sl of 5570.

I will again post tomorrow The RSV-line chart, when NF will be closer to it...
Trade carefully.........











All levels and charts are for my own trading purpose,supports,resistances and targets. Others can use it for educational purpose.

For 12--05--2011.

Again a flat day. As expected its a time correction, and can trade within these Chanels.
Down side Chanel support is at 5514/15, and now there is two Chanel up side.
One Chanel Resistance is at 5629/30, and another Chanel Resistance is at 5656/57.

NF can be range bound for more two days, within these Chanel.
As of now it looks like that real and big down side move can start from coming friday or from
Monday.Then we can go for positional trade.
Will definitely give signal for positional trade, when NF will be ready for big move.

Nothing more to say, as of now....Just watch Tomorrow carefully.
Lets see........








All levels , charts are for my own trading purpose,targets,support and resistance. Others can use it for educational purpose only.

For 11-05-2011.

As of now it looks like a time correction before a long deep fall. After bounce back above down
side Chanel, NF not breaking this Chanel closing basis.

Today NF was bullish from OI side also, but got resisted at hourly 50 EMA and fall down.
But still manage to close above this down side Chanel and hourly RSV-3 line(chart given below).
And today NF manage to close above hourly low ema.

So if tomorrow this hourly low ema intact which is at 5541, then can again go up side.
In this above chart, you can see the down side Chanel support at 5508-5509, and up side
Chanel Resistance is at 5636-5645.
I am not thinking that NF will start fall at-once, it can stay up-side more few time before fall down.
And expecting NF can go towards 200 Dema, which is now at 5634.
Tomorrow real up move can start above 5557.
And if can cross hourly 50 EMA, which is at 5597, then can go above 5607 and 5620.
And above this is 200 DEMA.

Now look at this RSV-line chart ---

H1 chart

After today's sudden intra-day fall, still not a single bar closed below this RSV-3 line.
That means, we can expect farther up move.
If any bar close below this RSV-3 line, then we can expect a bigger fall ahead with price confirmation.

And below is the RSV-line chart of H4 time frame.

H4 Chart

Here we can see NF is moving towards H4 RSV-line.
So tomorrow will have to see its behavior there.

Will post these RSV-line chart in trading hours.

All levels and Charts are for my own trading purpose,targets,supports,resistance. Others can use it for educational purpose.

RSV-Line---Intra-day update.

After this Intra-day fall...Still not a single Hourly bar closed below this RSV-3 line..
Means there is at-least one more up move left..










All chart are for my own trading purpose,targets,resistance,supports. Others can use it for educational purpose.

RSV- line -- Intra-day update.

H1 chart

H4 chart

Nf..is trading above Hourly RSV-Line,, and can go to towards H4 chart RSV-line, which is at now5647,5658-5669.







All charts are for my own trading purpose,targets,resistance,support. Others can use it for educational purpose.

For 10-05-2011.

Nifty future got support at Down side Chanel and closed above this chanel.
Immediate down side supports are at 5521-5514-5499.
and Immediate up side Chanel Resistance is at 5636/37 and above this another Chanel resistance is at 5740/41.
A higher high and higher low pattern is visible in 1M to Day chart.

Nifty future can move higher side more 1-2 days.
I think NF is consolidating for a deep correction.

Any way for now, if Nf can stay above 5636-5640, then can go towards 5740.

Not a single bar closed below our RSV line -----

Its a hourly RSV line.
And you can see that, not a single bar closed below RSV-3 line, after NF cross and close above RSV-3 line, and now trading above RSV-1 line.

Last few days, me , Vikas Arya and Radhika nakka was experimenting on a SAR system.
And finally made this RSV line...programed by Radhika nakka.

I will up-load this RSV chart...in trading hour also...







All charts and levels are for my own trading purpose, targets,supports,resistance. Others can use it for educational purpose.

Update For 06-05-2011.

A Inverted H&S formation visible in H4 chart.
If NF can stay above 5530, then probably can go towards 5620-5625.
SL for long is last day low.






All levels and chart are for my own trading purpose, targets,resistance. Others can use it for educational purpose.

Update for intraday..

IT's now clear Buy for long above 5519-5523...







All levels are for my own trading purpose. Others can use it for educational purpose.

For 05-05-2011.

Nifty already started its down side journey, the last "C" leg of Main A-B-C.
Now what next ----
If trade below 5530, then probably go towards 5510 and below this , first support is
at 5501 and next support is at 5483/80.

Above 5560, NF can go towards 200 Dema, which is at 5638.
Probably next 1-2 days, NF can trade in upward direction.

SL for long trade above 5560 is 5526.

Lets see....







All levels and chart are for my own trading purpose, supports, resistance and targets. Others can use it for educational purpose.

For 04-05-2011.

This EOD Tech-Table is of Nifty Future.
Last close is at 5561.
If NF can go above low ema in lower time frame, then can go towards high ema of that time frame .
For strong up move, NF should go above 15-M SAR, and then it should go above 64 ema in
15-m TF(time frame ).

NF is now trading at highly Over sold zone...so can expect a bounce.

For SL of any trade we can set from this tech table.
And target also can set from this NF Tech table.

Will try to post Tech-table update after 9.30 am morning tomorrow along with Open Interest
data for possible intra day trend.






All levels are for my own trading purpose,supports ,resistances and targets. Others can use it for educational purpose.

For 03-05-2011.

This fall can end up very soon and can start going up side for breath or to complete last leg of main C wave, or fall can continue for two days more before take a breath.

Nearest down side supports are at ---
5686 - 5666 - 5661.

NF is weak below 5738,

So,stop loss of short trade is 5738.......
Down side targets are the down side supports which mention above, and if go there can revers
from any support.

And For Immediate long side trade from current position... If NF can
trade above 5771 for 5-10 minutes then can go long for the target of 5870 with strict stop loss of 5738-5730.

We can see major whipsaw tomorrow.....So trade carefully tomorrow.







All levels,chart are for my own trading purpose, supports ,resistances and targets. Others can
use it for educational purpose.

For 02-05-2011.

Nifty Future closed below Day SAR(most vital level), and from last 3 days it was closing below
its Day SAR.
And in weekly chart, Last week closed below 7 EMA and weekly high Ema, so weekly basis also bearish view.
Continuous closing below Day SAR is always bearish.
Though we can see that next 1 or 2 days bulls group can fight back for survival.

Last day Nifty Future bounce back from weekly down side Chanel support which was at 5720( see the chart).

Now what next ---

If NF break 5720, then probably can test nearest support which is at 5688-5681.

Up side, If NF can cross and stay above 5754-5761, then can go towards 5782-5788.

Next up side 15 minutes SAR is at 5788.

If can cross 5788, then should go above 5812, if genuine bounce back, other wise it will not stay above 5788.

For long side trade, can buy above 5788 with strict stop loss of 5770.
For short side trade, can buy below 5760 (if fall at once) or below 5774 (If go above 15-m SAR and again fall back) with strict stop loss of 5788.

Up side Targets for Long trade are ---

5812-5823-5834-5846.

And if can stay above 5861, then bulls group can give last fight.


Down side target for short trade are --

5720-5688-5681-5647.

Lets see...






All levels, chart, SAR are for my own trading purpose, targets , resistances,supports. Others can use it for educational purpose.

Up date for 29-04-2011.

Some positive thing developing.

CMP Nifty future is 5800.

Can go for long with strict stop loss of 5772.

Target --
1. 5822, if can stay above this, then
2. 5828 -5850 -5870.
3. If can stay above 5870 then can test 5900.

Its a Intra-day trade, and should close all trade before today's closing.





All levels are for my own trading purpose, targets , supports and resistances. Others can use it for educational purpose.

For 29-04-2011.

Triangle break down lower side. Is this a false break down..????
Hourly chart is at over sold zone, though day chart indicating fall.

If any fall left for at-once, then probably go-down towards 5763-5752.
And if stay above 5830, then can gain strength.

Though i am still bullish, but not giving levels now, because NF breached most vital level closing basis.

Will post levels Tomorrow after 9.30 AM, after checking the market direction up 9.30 AM.







All levels and charts are for my own trading purpose,targets,supports and resistances. Others can use it for educational purpose.

Intra-Day Update.

Alert

If Stop loss hit, then stay away from the market for today.
NF Breached its important level in daily chart.
If today NF not cover up and fail to go above 5857,
then probably fall can trigger.
If Stop loss hit, stay away for today.

For 28-04-2011.

This triangle, expecting, can break upper side. But tomorrow at first Nifty future can go down
towards 5815-5807.

And from any low levels NF can bounce back.
From any point near to above this level(5815-5807),
can go long with strict stop loss of 5784.
First target is 5851-5857. If NF can stay above 5857,
Then can go towards 5900.

Triangle breaking point is 5919-5920.
Above 5920, there is a strong up side Chanel resistance is at 5946-5948.

Lets see...........Will update tomorrow if any thing suddenly change.







All levels and charts are for my own trading purpose,targets,supports and resistances. Others can use it for educational purpose.

For 27-04-2011.

What a wild swing, more than 100 points move from day low to high,huge volatility due to currency effect.And bounce back from lower Chanel resistance.
Now what can be next ---

If Nifty future can trade above 5880, then can go towards 5901-5907. And if can trade above 5907, then probably can go towards 5918.
This 5918 is a strong up side Chanel resistance.

And if Nifty future trade below 5880, then look for 5769.
If stay below 5769 for 10 minutes, then its a good short area with a hard stop loss of 5880.
Down side targets and some important levels are ---

1> Below 5669, look for 5857. If can trade well below 5857, then next.
2> Below 5857, a Chanel resistance is at 5847, if can trade below 5847 then.
3> Below 5847, watch 5793-5795. Its a strong resistance point. This 5793 should break and NF should trade below 5793.
4> If can trade well below 5793 and today's low 5792 then next.
5> Below 5788, can go down towards 5720-5716-5613.
6> And if can trade or close below 5707, then probably can trigger a H&S pattern, which was formed few days back.

EW pattern is not cleared as of now, as of now there is two alternatives still in charts.
Lets see..







All levels and chart are for my own trading purpose, supports,resistances and targets. Others can use it for educational purpose.

For 26-04-2011.

Nifty is moving in very narrow range.And some bearish view is today it closed below day high ema.
Nearest up side resistances are at 5899-5905-5920-5943.
And nearest down side supports are at 5867-5855-5794.
All are Chanel support and resistances.
If Tomorrow NF open flat, then can try to go up side.If it can cross above 5900 again, then can go towards 5920.
And from 5900-5920 is a good range for short with a strict stop loss of 5943.

Expecting from Tomorrow from any up side level NF can start fall.
Down side target expecting --- 5806-5794.

Lets see....







All levels and charts are for my own trading purpose, targets, supports and resistances. Others can use it for educational purpose.

For 25-04-2011.

A flat day gone.What will be the next day-- again a flat day is waiting??

Until and unless Nifty Future can cross above 5970, we should not think about higher levels.
EW pattern?, it is forming a 2nd wave of a big "C" wave , and alternate EW pattern?, sud-wave 4th wave formed, running for last sub-wave 5th wave.

Nearest up side Chanel resistances are at 5914-5933-5935.
Above 5935, can go towards 5947-5951.

Down side nearest supports are at 5898-5887-5880-5870-5867.
Until and unless Nifty Future can break 5843 and 5778, nothing will happen towards down side.

Monday can be a vital day for EW pattern, Closing basis If it can stay flat, then it is in 2nd wave.

Let the market clear its position, then will do more.







All levels and charts and theory pattern are for my own trading purpose and levels are for my own trading targets, resistances and supports. Others can use it for educational purpose.

For 21-04-2011.

What a strong up move.Bears are sleeping?

Now what next....
Nifty Future can fall from here or can go up side little bit more.

Nearest up side resistances are at 5875-5877-5918-5920.
Expecting NF can revers from current level or from any of the up side resistance level.
If NF trade Below 5861 and 5859, then fall can start.
nearest supports are at 5850-5840, and below this another supporting zone is at 5830-5828.

IF NF can break 5828 and can trade below 5807-5800, then definitely fall will start.
And down side expecting NF can break 200 Day Ema this time.

Bears group can get power from currency side also, because Euro/Usd is trading at much higher level and it is at highly Over Bought zone and can start fall any time.

Dow Future is also trading at much higher levels as of now i am writing this post, and thinking will it sustain at this highly Over Bought zone.It also can start fall any time.

Same thing is also with the Europe Indices(Dax,FTSE,CAC).

So Will NF can sustain above 5900 if it can cross 5900 tomorrow???

So what next...just wait and watch......

All levels and charts are for my own trading purpose and targets and supports and resistances. Others can use it for educational purpose.

For 20-04-2011.

A flat day, was looking like Bears are taking rest with out fear, because today's Open Interest was supporting strongly Bulls group, but they failure to take advantage of it.
In day chart Nifty Future closed below 7 ema 3 days continuously, very much bearish.
Its a sell on rise in weekly format also.
Look at these two charts below ---



These two charts are same day chart, one zoom out snap, and other is close snap.
Now you can see clearly that which three vital Chanel NF breached and trading below it closing basis.

Now what next---

If NF can trade above 5760, then can try to go towards 5768 and 5781.
Nearest up side resistances are at 5769-5781 -5782-5787-5793-5797-5800.

If can cross 5781 and if can trade above 5787 , then can go towards 5797.
Now if it cross above 5787 and again fall down below 5787 and trade below 5781, it can go down towards 5755 and 5746.
If can trade below 5746 then next support is at 5719 and 5715.
Cross below these two and stay below 5713 can create panic towards down side .

Down side target is 5687-5664-5627.
And below 5627, next target levels are 5619-5606.

Lets see.







All charts and levels are for my own trading purpose and targets and supports and resistances. Others can use it for educational purpose.

For 19-04-2011.

Great effort by Bull and Bear.Almost 200 points fall from day high.
As i said in previous post, that Bears are now more powerful than bulls,and
bears group will drive the show.
Great fighting by Bears and it seems that
we entered into the bear rally.
The weekly chart is also turned to bearish and its a sell on every rise weekly basis.
Now due to strong down side rally, Nifty Future is at over sold zone in hourly chart,
and ready to give a bounce back.
Now just see the daily chart -----

Nifty Future breached almost all vital Chanel supports today itself.
Now due to over sold zone, Nifty Future definitely will to go up towards Chanel resistances.
And if you look at Dow future, its also falling.
Hang Seng Index is also fall today and is trying to fill up its previous down side gap.
So due to these world indices , a gap down opening is also expecting, but not sure just expecting.
Whatever the opening will be, NF can go up side after opening.

Nearest up side resistances are at -

1> 5759-5763.
2> 5782-5793-5797-5800.

Its a sell on rise. After few up side momentum after opening, expecting NF will be ready for next fall.
Down side target levels i am expecting ---

1> 5664-5627.
2> 5619-5606.

Lets see..
If any new thing starts happening tomorrow , then will post, or any thing left today then also will post tomorrow morning.









All levels are for my own trading targets and supports and resistances. Others can use it for educational purpose.

For 18-04-2011.

Now its a do now or never like situation for Bulls and Bears.
Just watch 5859 level.

If Nifty Future can cross this level and can sustain above this, then
Bulls will do their level best to keep Nifty future above 5872-5882.
And if NF can cross and sustain above 5882,then can go towards 5950.

And If Nifty Future not able to cross 5859, and trade below 5856-5846-5826,
Then Bears group will drive the show.
NF should trade below 5820, for next bearish jump.
Nearest minor supports are at 5814-5808-5805-5799-5792.
And a medium strength support is at 5780, and below this,Bears will have to work
hard at 5760-5754-5750.
Below 5750, next target levels are 5733-5702-5676.

But as of now it looks like it will not be so easy for Bulls.
Because Bears are gaining strength.
One more day need to watch the NF and then only the picture will be clear.
Truly speaking Bears are now more powerful then Bulls.
Now, USD/INR hourly chart is at over-sold zone and preparing for a up move,
And EURO/USD made enough room to go down side.
So Bears will get additional strength from these two currency side.

Lets see...
will post for intraday on Monday if any thing develop new, otherwise the levels will be the same as given above.






All levels are for my own trading targets and support and resistances. Others can use it for educational purpose.

Update for 15-04-2011.

Alert

If Nifty future stay below 5856 and trade below 5846,
Then can go down towards 5787-5758.

Otherwise all levels will be same as given before.





All levels are for my own trading targets and support and resistances. Others can use it for educational purpose.

New Post For 15-04-2011.

Now a strong up side Chanel resistance is at 5958.

If NF not able to cross & stay above this Chanel resistance, and if
trade below 5952-5946-5942, then can go down towards 5920-5902-5891-5880-5874.


If NF fall from up side Chanel or from current level, then can bounce back from 5920-5902-5880-5874, or from 5856, and again can go towards 5958.

This 5874-5880 is a good Chanel support, below this is another strong Chanel support is at 5856.

And if NF can sustain above 5958, then can go towards 5967-5986-6007.

Let see.








All levels and charts are for my own trading purpose, targets and support and resistance. Others can use it for educational purpose.