sanjay daga
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nifty views

Sanjay Daga at 11:49 AM - Mar 23, 2014 ( ) Views: 1,129

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As per my reading of charts for next week i guess nifty may show some correction at start of next week(till tuesday open) may be towards 6450-6425 range(may test 13ema in daily charts (6448)and may come near developing 21dema(will be near 6410 on tuesday) ) and also possibly premium in futures and call options will erode and then from there it may start another upmove towards 6610 till next friday/monday

buying march 6400 calls near 6425-50ns will be a jackpot trade

low risk trade


CHANNEL PATTERN




WOLFE WAVE PATTERN

buy 6500ce near 6450-25 range,may possibly get near 20-25 range.sl below 10

6515-23 is immediate resistance range on monday

6508 is channell resistance
6450 is channell support


on monday any upmove towards 6505-15 range can be shorted for trgts near 6448-6425 levels till tuesday

buy 6500pe near 6508ns levels


sl abv 6528ns

buy aggressively near 6450 sl below 6410 trgts 6550-6610-6670 in april series

or alternate view

a bullish WW is developing within a larger bearish WW (pt4 may have formed near 6473)which is indicating a strong upmove towards 6565 in first few hrs of opening and this upmove may extend in 6590-6610 this series(pt5 of larger bearish WW

trgts of this larger bearish WW is 6350 near levels




From: sanjay daga at 12:05 PM - Mar 23, 2014( )


BANK NIFTY MAY DIP TOWARDS 11900 TILL TUESDAY OPENING

THEN MAY MOVE UP TOWARDS 12200-12400

ON MONDAY IF OPENS WITH POSITIVE BIAS THEN MAY SELL NEAR 12150

FOR TRGTS NEAR 11900-950 RANGE TILLL TUESDAY

SL ABV 12190

OR SELL BELOW 12050




From: sanjay daga at 12:14 PM - Mar 23, 2014( )


CONTRACTING TR


IANGLE IN BANK NIFTY



From: sanjay daga at 09:28 PM - Mar 24, 2014( )


TOMORROW NIFTY MAY TRADE IN 6573-6603 NS RANGE FOR FIRST FEW HRS

BUY ALL DIPS NEAR 6575

TRGTS NEAR 6603-6610 RANGE NEAR 10.30AM

SELL IN THIS RANGE FOR 6575-70 RANGE  AGAIN



From: sanjay daga at 10:06 PM - Mar 25, 2014( )


TOMORROW EXPECTING NIFTY TO TRADE IN 6573-6633 NS RANGE

ABV 6633 NIFTY WILL FACE RES NEAR 6656NS FROM WHERE EXPECTING FALL TOWARDS 6370NS IN 8-10 TRADING SESSIONS


6305 IS CURRENT 55DEMA AND IN NEXT 8-10 SESSIONS MAY MOVE UP TOWARDS 6370 NEAR LEVELS WHICH WILL LEND SUPPORT TO NIFTY AT THAT TIME

6350-70 IS ALSO TRGT PRICE OF BEARISH WW PATTERN.NIFTY HAS NOT YET GIVEN A BREAKOUT ABV T/L (TO FORM PT5 )JOINING PTS 1AND 3...MAY KEEP ABV 6600 FOR 2 DAYS BEING EXPIRY WEEK TO TRAP BULLS.......BE CAUTIOUS ABV 6633NS



From: sanjay daga at 10:21 PM - Mar 25, 2014( )


IF NIFTY MOVES UP ABV 6633 TOWARDS 6656 IN NEXT 2 DAYS THEN 5DEMA WILL BE NEAR 6580NS

FIRST SIGN OF WEAKNESS WILL BE NIFTY TRADING BELOW 5DEMA AT THAT TIME


(1 to 5 out of 5) - Latest Replies on Top | First | << Previous | Next >> | Last |
Sanjay Daga at 01:23 PM - Mar 24, 2014 ( )

6572 IS EMA SUPP NOW.......

CMP 6575

6575 GAVE RES TO UPMOVE IN LAST 3 HRS AND NOW MAY LEND SUPPORT

Sanjay Daga at 12:10 PM - Mar 24, 2014 ( )

NS CMP 6565

6565 IS 55EMA IN 2 MIN CHARTS

MAY BOUNCE FROM HERE FOR A HH ABV 6581NS

TSL AT 6561NS

Sanjay Daga at 11:29 AM - Mar 24, 2014 ( )

MAY WAIT TO SELL AGGRESSIVELY NEAR 6633 TILL TOMORROW

 

TRGTS OPEN TILL 6370-50 RANGE TILLL APRIL 10TH(TRGTS PRICE OF BEARISH WW PATTERN)

WILL UPDATE MORE TOMIORROW

Sanjay Daga at 11:10 AM - Mar 24, 2014 ( )

NIFTY IS BUY HERE AT CMP NEAR 6567..TRGTS ABV 6584........SL AT 6558


BUY BN NEAR 12373 CMP

TRGTS ABV 12410(NEAR 11.15AM)

SELL NEAR 12410 TRGTS 12355 NEAR 12.15PM

Sanjay Daga at 10:54 AM - Mar 24, 2014 ( )

ALTERNATE VIEW OF BEARISH WW INTO PLAY

BULLISH WW WITHIN LARGER BEARISH WW HAS DONE ITS TRGTS NEAR 6565 IN FIRST FEW HRS

TRGTS MAY BE ABV 6590 INTRADAY

TSL AT 6552NS

CONTRACTING TRIANGLE BANK NIFTY PATTERN HAS TRGTS ABV 12640 TILL TOMORROW

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