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.

For 15-04-2011.

What a move, a blue tube light like candle formed in Day chart.

Now a strong up side Chanel resistance is at 5958.
If NF not able to cross and stay above this Chanel resistance, and
trade below 5952-5946-5942, then can go down towards 5891-5880-5974.
This 5974-5980 is a good Chanel support, below this is another strong Chanel support is at 5856.
If NF fall from up side Chanel or from current level, then can bounce back from 5880-5874, or from 5856, and again can go towards 5958.

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


Let see.








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

For 13-04-2011.

Nifty future closed near weekly support line.
I strongly believe, NF will reverse from here
or from any downside support zone.And start upside
journey.As of now there is no panic visible in the chart.

Down side nearest supports are at 5793 and 5789.

If break 5793 and 5789, then can go down towards 5781 - 5761,
and can revers.

If 5793-5789 supports zone holds, then should try to cross 5811-5822.
If can stay above 5822, then can try to go above 5840-5846-5852.
If NF can trade above 5852 and 5854 and can stay above this, then definitely a
strong up move will start.
Above 5852, NF can go towards 5889-5903.

Lets see.





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

For 11-04-2011.

Nifty Future last day bounce back from 5831.9, 30 SMA weekly--5832.
Now Nifty future should go up towards 5882-5885-6000, but
not very much sure that it will start up side journey from its last
day closing point.

So what can be the next ---

Just remember 5854.Its a vital level, so many vital points are at this level.
Above 5854 its strong and below 5854 it is weak.

Next days Pivot point is at 5871.16
First and second Pivot supports are at 5815.33 and 5775.76

Now if trade below 5854-5850, then can go towards last low at 5831.9-5832.
And if break and trade below 5831, then go towards 5824-5820 and first pivot
support at 5815.33.
Now from here NF can reverse and can go above 5854.
If break first pivot support 5815.33 then can take support from 5800-5797-5776,
and can reverse towards 5854.

And if NF not break 5854 and trade above 5863, then first level which should clear and trade above is the pivot point level- 5871.16.
If stay above 5871.16, and trade above 5882, then can go towards 5913 and 5926.
If stay above 5926 and trade above 5934, then can face resistances at 5968-5970-
5983-5986-6007.

Lets see....









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

For 08-04-2011.

Nifty future closed below 3 Dema(5906).

If can trade above 5912, then can go towards 5931.
And above 5931 if stay then can go towards 5965.

And if stay below 5912 and trade below 5900 then can go
down towards 5881.Below 5881, support area is at 5870 and 5863.
below 5863, 5854 is another support level.If can trade below this 5854
then can go towards 5839 - 5826 - 5814.






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

For 07-04-2011.

Nifty future closed below 7 Hema.And last two days closing below
day upper bollinger bands.

Now what next --

If Nifty future can trade above 5913, then can go few up side towards 5926.
And if not able to cross 5913 or not sustain above 5913 and
trade below 5909, then can slide up to 5881 and 5871-5867 and 5852.
5852 level can give a support.If can break 5852 then 5729 and below
this can go up to 5816 - 5810.
Lets see.





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

For 06-04-2011.

If Nifty future stay below 5927 and trade below 5918,
then can go down up to 5871.
If can break 5871, then can go to 5854.
Below 5854 can go up to 5806 - 5786.

And if can trade above 5927, then can face strong resistance at 5949-5955.
and if NF can cross and stay above this resistance zone 5945 - 5955, then only can move towards 5982.

But expecting few more down side left for at-least one more day.






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

For 05-04-2011.

If NF can go above 5954, then can test up side Resistance area
from 5982 - 5987 - 6003.

If NF not able to cross 5954 and trade below 5942 and 5937,
then can fall towards 5850.
If can break 5850 and trade below 5846,
then can go down towards 5822 - 5785 - 5780.






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

For 04--04-2011.

After 5 days closing above upper Bollinger band, Nifty future closed below upper Bollinger band on 01-04-2011.
Now what next ----

A strong up side resistance area is at 5880 - 5882.
If NF can cross this then can test another up side strong resistance point which is at 5905.

And if Nifty future not sustain above 5880 - 5882 and break down and trade below this ,
Or not able to cross 5880 - 5882 and trade below 5869 - 5860, then can go down up to 5840 - 5830. And if can trade below, then can test 5778 - 5758.

Expecting few down side on 04-04-2011. Lets see.








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