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NIFTY - Resistance

Discussion in 'Technical Analysis' started by sujan4bw, Aug 14, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    If Nifty manages to cross 5378 - 5385 range, its target is 5450.

    Regards
    Sujan
     
    sujan4bw, Aug 14, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Is it a question or views
     
    shabbir, Aug 14, 2012
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  3. sujan4bw

    sujan4bw Member

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    Shabbir , It's my view. In current nifty trading range , its previous high was 5378.75 on high 03/04/12.

    Apart from above high, next high is 5499 on 14/03/12.
     
    sujan4bw, Aug 14, 2012
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  4. sujan4bw

    sujan4bw Member

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    Nifty tried crossing 5399.50 but failed. On Friday It tried and failed once.

    Today It tried two times and yet again failed. so watch out tomorrow in case if any one want to take new positions in Nifty.
     
    sujan4bw, Aug 21, 2012
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  5. sujan4bw

    sujan4bw Member

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    It just crossed........so can initiate long positions now.
     
    sujan4bw, Aug 21, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes. Should be getting past 5500 now easily if it can manage above 5400 for some more time.
     
    shabbir, Aug 21, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Test of time today for Nifty and though it is not cracking 5400, fingers crossed.
     
    shabbir, Aug 22, 2012
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  8. sujan4bw

    sujan4bw Member

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    Despite of weak global cues still Nifty showing strength and did not break 5400 level downside.
     
    sujan4bw, Aug 23, 2012
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  9. sujan4bw

    sujan4bw Member

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    Nifty was almost close to the target 5450, today it made high of 5448.60. Now Nifty is coming down.

    Will take position again if or when it touches 5340 -5350 level.
     
    sujan4bw, Aug 23, 2012
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  10. sujan4bw

    sujan4bw Member

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    Nifty is getting ready to bounce now. its making Intraday higher highs
     
    sujan4bw, Aug 24, 2012
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  11. ggchavhan

    ggchavhan New Member

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    Now it is trading at 5377 what should be next move?
     
    ggchavhan, Aug 24, 2012
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  12. shabbir

    shabbir Administrator Staff Member

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    If today's chart of Nifty can form a pin bar using Monday and Tuesday candle stick then it would be ready to go higher or else cracking.

    No trade zone for couple of days in Nifty. Today was more of a Friday effect I have discussed in my book.
     
    shabbir, Aug 24, 2012
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  13. sujan4bw

    sujan4bw Member

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    Following stocks must protect there support levels....and same time at least three stocks out of these five must rally to keep Nifty in uptrend.
    Stock Support level
    Hindustan Unilever - 500
    ITC - 260
    TCS - 1300
    Infosys - 2300
    Reliance - 780

    Regards
    Sujan
     
    sujan4bw, Aug 27, 2012
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  14. sujan4bw

    sujan4bw Member

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    Just noticed some buying in nifty. Took position in 5300 CE 1 lot ( 50 shares)

    Now it is trading at 5260 and target is 5300.
     
    sujan4bw, Sep 4, 2012
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  15. sujan4bw

    sujan4bw Member

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    Just booked profit as it reached target 5300 +
     
    sujan4bw, Sep 7, 2012
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  16. sujan4bw

    sujan4bw Member

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    Nifty is intact with trend line since from June. Breaching 5230 - 5200 level will have trend reversal to down side.

    Shabbir, correct me If I'm wrong.
     

    Attached Files:

    sujan4bw, Sep 11, 2012
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  17. shabbir

    shabbir Administrator Staff Member

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    Exactly. :D
     
    shabbir, Sep 11, 2012
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  18. sujan4bw

    sujan4bw Member

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    Last edited: Sep 14, 2012
    sujan4bw, Sep 14, 2012
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  19. shabbir

    shabbir Administrator Staff Member

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    Yes US Markets in the middle of the trading session began the upmove and the after effect is on.
     
    shabbir, Sep 14, 2012
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  20. sujan4bw

    sujan4bw Member

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    It's expiry week, traders would go for profit booking.
     
    sujan4bw, Sep 24, 2012
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