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Nifty Out-Look - 6-2-12 to 10-1-12 (SPOT LEVELS)
| From : Vilas Havanur at 10:35 PM - Feb 04, 2012 ( ) |
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Nifty Out-Look - 6-2-12 to 10-1-12 (SPOT LEVELS)
From : Vilas Havanur at 06:10 PM - Dec 06, 2011 (60 days ago)
Let us check around February 13, 2012.
________________________________
TGT 5340 already achieved
________________________________
Nifty Range : 5077 – 5484
Pivot Point : 5280
Positive above – 5379/5391 & Negative below – 5248/5229
Nifty has Multiple Resistances from 5343 to 5400
___________________________________________________
NEXT POSSIBLE MOVES – Positive above – 5379/5391
Nifty has immediate Resistance at 5343 and next Resistance at 5358.
To continue UPMOVE Nifty must cross and give decisive close above 5379.
If 5391 is crossed, next Upmove Levels will be 5400 - 5415.
To continue further upmove, Nifty must cross 5421 and decisively close above 5436.
Then, next upmove Levels will be 5467 - 5484 - 5497 – 5522.
If Nifty manages to cross and stay above 5543 it can go up to 5562 – 5581.
____________________________________________________________________
NEXT POSSIBLE MOVES – Negative below – 5248/5229
Nifty has Immediate Support at 5318 and then at 5286/5280.
Next Support Levels are 5267 – 5255 - 5248.
If 5235/5229 is breached, next downmove Levels will be 5210 - 5191.
Next Crucial Supports will be 5180 – 5153.
If 5136 is breached next supports will be 5123 – 5077.
In extreme case, Nifty can go down to 5060– 4992.
_____________________________________________________________
Upward and Downward Fibonacci Levels
|
Downward Levels |
Nifty Spot CMP |
Upward Levels |
||||||
|
S-4 |
S-3 |
S-2 |
S-1 |
R-1 |
R-2 |
R-3 |
R-4 |
|
|
5077 |
5171 |
5233 |
5270 |
5325 |
5387 |
5424 |
5484 |
5578 |
_____________________________________________________________
FACTORS OF CONCERNS
1. FII Funds Inflow in Market is remarkable.
2. Global Cues are Positive as of now.
3. CRR Cut by RBI has created enthusiasm in the Market and hope for Interest Rate Cut during Next Review has kept alive.
4. Entire FOCUS of Market will be on Further Developments as regards to 2G Scam, Election Results and Annual Union Budget and further plans of Investments and Trading would be in accordance with and largely dependant on it.
____________________________________________________________________
TECHNICAL VIEW
Please refer to the attached charts.
Multiple Resistances are from 5343 to 5400 and Supports are at 5318 – 5286.
On Daily Chart, MACD and Histogram are Positive. Momentum, ROC and RSI are Neutral. Stochastics are Positive but in Over-Bought zone.
The candlestick Pattern “Big Green Candle with Long Lower Shadow” indicates Bullishness.
VOLUME (0.81 B) is just below VOLUME MOVING AVERAGE (0.82 B).
Nifty has good supports at 5318 - 5286, breaching of which Nifty may go down to 5230 and below. On the other hand if Nifty manages to cross 5343 and stay above 5358, it can go up to 5400 and above.
____________________________________________________________________
Suggested Nifty Trading Strategies
1. BUY around 5304 SL 5282 TGT 4311 – 5318 – 5326 – 5333 – 5340 -5347 – 5369 – 5387 - 5406.
2. If unable to stay above 5369, then SHORT below 5358 SL 5387 TGT 5347 – 5340 – 5333 – 5326 – 5318 – 5311 – 5304.
3. SHORT below 5282 SL 5304 TGT 5275 - 5263 – 5255 - 5248 – 5235 – 5210.
____________________________________________________________________
Nifty Trading Levels for reference (Intra-Day-Spot)
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
5227 |
5256 |
5275 |
5305 |
5335 |
5354 |
5383 |
Bank Nifty Trading Levels for reference (Intra-Day-Spot)
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
9847 |
9930 |
9986 |
10073 |
10161 |
10216 |
10299 |
All the Best
Please refer to this Chart also, posted earlier, and check the LEVELS mentioned therein...
|
Dear Kumar G.,
As posted yesterday, Nifty has risen almost 900 points and the Indicators are showing Negative signs.
Let's wait & see if Nifty HOLDS 5373 - 5358 - 5342, today.
If breaches 5318, then more downside expected.
Better wait & watch at the moment.
Nifty 5381 now, just near to 5379.
Friends!
I hope, you must have booked Full Profit as and at the Level suggested.
IIP Data for Dec.-11 NEGATIVE as expected and updated in morning.
Also, Nifty below 5391 at the moment.
Nifty 5388 now.
Good Morning Mr Vilas.
Have a nice day.
regards,
Kumar
Just an ALERT...
IIP DATA declaration today, which is expected to be Negative.
Dear Friends,
Good morning!
I have been pressing hard on LEVEL 5415 since yesterday in view of NEXT Upmove.
First of all try to BOOK 100% profit around Current Level i.e. 5410. (See what the Smily is trying to say in post of 9-2-12 at 4.23 p.m.)
Please refer to chart 3 from above and WATCH following movements...
(1) If Nifty opens above 5415, (2) It must cross 5421, (3) It must cross 5436 and stay above it, (4) It has to close above 5449.
If the above conditions are fulfilled, we may see Nifty going UP to 5497.
On the other hand, if Nifty breaches 5391 - 5379, we are likely to see CORRECTION down to 5248.
Also, today is Week Closing Day, hence TRADE carefully.
Wish you a Nice & Profitable DAY.
Friends,
Nifty has Immediate Resistance at 5421 and then at 5449. If these two Resistances are cleared, Nifty may GO UP to 5467.
Immediate Support is at 5373 and then at 5358/5342. Below this 5318 is Strong Support.
Friday, 10-2-12 is a Week Closing Day and hence watch the LEVELS very carefully.
Try to book profit first and then decide of taking fresh position.
Remember, Nifty may surprise on EITHER SIDE.
Sir,
Thank you for sharing your Nifty Views.
Spot on.
Friends,
Refer to the Chart dated 5-12-11, posted above, under Heading "Brain-Teaser".
"TARGET IV" = 5400 ACHIEVED.
Dear Friends!
Good morning.
Just two days left to Week closing. Nifty may trade Range-Bound with volatility and Profit Booking could be seen around 5400 since Nifty has run almost 900 Points (4500 - 5400).
Watch the LEVEL 5318. You may HOLD your LONGS with this SL and BOOK PROFIT around 5400.
GO in for FRESH BUY ABOVE 5415 only.
Below 5318 - 5300 -5286, Nifty is likely to correct to 5248 Level which would be a good buying opportunity, once again.
Trade cautiously on these last two days to Week Closing and Book Small Profits.
Instead of going SHORT, try to BUY on DIPS.
There may be only two possibilities - (1) Market may GO UP on Short Covering, (2) Market may GO DOWN on Profit Booking.
Have a Nice & Profitable DAY.
_______________________________________________________________________
RIGHT ?
Dear Friends!
Good morning.
Just two days left to Week closing. Nifty may trade Range-Bound with volatility and Profit Booking could be seen around 5400 since Nifty has run almost 900 Points (4500 - 5400).
Watch the LEVEL 5318. You may HOLD your LONGS with this SL and BOOK PROFIT around 5400.
GO in for FRESH BUY ABOVE 5415 only.
Below 5318 - 5300 -5286, Nifty is likely to correct to 5248 Level which would be a good buying opportunity, once again.
Trade cautiously on these last two days to Week Closing and Book Small Profits.
Instead of going SHORT, try to BUY on DIPS.
There may be only two possibilities - (1) Market may GO UP on Short Covering, (2) Market may GO DOWN on Profit Booking.
Have a Nice & Profitable DAY.
Dear Friends,
Good morning!
Please watch 5336/5343 on Upper Side. If crosses and stays above 5358, it may GO UP to 5400.
OR
Watch 5318/5286 on Lower Side. If breaches 5280, we may see downward correction up to 5248.
Keep a watch on LEVELS and TRADE accordingly.
Have a nice profitable DAY.
_______________________________________________________________
As Indicated...
After crossing 5358, Nifty made HIGH of 5396, perfectly
and
After breaching 5358, Nifty made LOW of 5325, HOLD SUPPORT of 5318, perfectly
and closed at 5368, on positive side.
Dear Villas
Thanks a million for sharing..
regards hnm
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