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.