Nifty

updated intraday target for tomorrow is 5760 levels .... Stop loss 5880

 

Nifty - Short/Long

Nifty - My views below.

Short:

1.As long as Nifty holds these levels 5815 to 5810 do not want to initiate short positions cause nifty pull back from those levels, as per the last week data.

But Can take short positions as per the Technically trend week and Oscillator leg also down

If 5815 - 5810 breaks down 1st target 5735 and 2nd target 5680.

I do not expect much down side like 5500 ... 5400


Long:

1.I expect Nifty can go high till 6050 not more than that.

2.Long side so many resistances are there to cross.

If Nifty wont break down 5815 to 5810 1st target 5845, 2nd 5920, 3rd 5950, 4th 5975 and 5th 6040

Thanks,
Siva.

 

buy with targe 5900-5920

As per me, we can buy nifty for target of 5920, sl of 5790(10 pts below 5800).
If it hits sl, then short with target of 5750, sl of 5810.

 

Dear Sanjay/Shabbir,

Nifty is in bearish mode so if it's break down below 5800 it will go down till 5700 for support and then will hold at 5650...

And if Nifty to take uptrend move it has to cross 5900 with good volume to cross the 6050 and 6150 levels both are strong resistance for Nifty...

Pls guide us on my views...

thanks
Suraj

 

Nifty has strong support at 5810/5790 zone.

In my view, if Nifty ends below 5790 on closing basis, it can drag below to 5550-5600 levels.

If Nifty holds above 5810 (or for that matter 200 DMA) - then 5900 to be hitted, but not clear after that.

Also, important events are lined up:
1) Infy results again - coming up on Oct 11: this can impact Nifty at least 50 points North or South.
2) Dollar drama - whats in store? Just like in Sept series, will it fall by around 6-7% or rise again to some extent ?
3) Results coming up - would the numbers be good by and large ?

 

Hi!
Siva I am so impressed with ur analyzing abilities, you analyzed nifty perfectly as me also don't want to be in short @ current level that is y I covered my all shorts on Saturday, about pull back again u analyzed well and nifty may pull back frm here that is y still holding my long positions. I may initiate shorts @ higher level if I see any weakness but not before 5790 then my next short will be @ 5735.

I also don't see more down side but 5500 it may touch if breached 5750 and close below 5735, more downside may be seen only if it breached 5500 level.
Over all look for market is bearish.

About up side again u r right about the level 6050 but before that it has to cross 5900-5950-5980, I have strong feeling that in pull back it can go up till 5950-5970 but not above this.

Keep going

Perfect levels u have analyzed for positional calls and we should be ready on both sides cause it can go any where.

Best of luck, Keep going.

Suraj u r absolutely right about bearish mode, it is bearish till it is below 6050 for upside I think u r expecting too much in pull back cause there is no more reason for nifty to go above 6050.

Good Luck, Keep going.

Absolutely correct 5900 is first level it may hit if sustain and close above 5800 on closing basis but for more downside 5750 will be the key level.

Perfect, keep going.

I don't know how u was sure @ 11:45 but nifty has done that so u r the winner but I took that level differently and that is y I covered my short @ 11:45 Appr.
Again I am not able to understand how can nifty can go up or down with only 2 points margin cause nifty is overall market of all the heavy weight stocks and we can judge only a script with 2 points margin but people may have different views.
Most importantly if things are going in ur favor u should always follow that.

Best of luck, Keep going.

Best of luck Utpal u r in right place u will able to analyze very soon.
About the results it may be 1 reason out of so many just don't rely on that cause nifty makes reason by itself no matter that time results r good but if it has to go down it ignores the result and point other things.
My personal views don't trade because of news or results.

Best wishes, keep going.

Sorry I am not able to understand this but by southward may be u r trying to say upside and if it is so then yes but that is not because it found bottom, it will be because of pull back only.

Best wishes, keep going.

Hi!
Kiran about the downside ur perfect but on upside I don't find any reason to up above 5980 but if any how it manage to cross then 6050 will be the key level.

Best of luck, Keep going.

 

My views, levels and reasons of Nity trend.

First of all I would like to thanks all of u who posted their post in reply of my post, I want to add more thing here that I am so impressed after seeing the others post can say proudly that now India retail investor r becoming very smart and those foreigners, operators and inside traders can't make fool of us more longer if Indian retail investors keep going like this in terms of market analysis.
Now back to work I am bearish in market and the reason of this is cause it seems to me that Nifty is trying to make TOPPING OUT formation once again which it has made earlier on 3rd Jan 2011, 12th march 2013, 31st May 2013, 24 July 2013 and again on 16th Aug 2013
You can easily watch out those levels on 1 year daily chart for 2013 TOPPING OUT pattern and on weekly chart for 2011 TOPPING OUT pattern which I have attached and also can find out the drastic downfall after that, so there is no point to be bullish still when we have analyzed the chart well.
One more thing u can see on 1 year daily chart that from 28-8-2013 to till date it is between on trend channel by that channel we can easily find out @ which critical stage nifty is right now.

Right now Nifty is @ make or break level it may go up or down but more chance to up from here but how long?
I don't think above 5900-5950-5980 why because of Indian economy, poltical uncertainty, Rs./Dollar equation, awaited bad results, current deficites, bank NPAS, Etc,.


So what next could happen?

Exactly TOPPING OUT formation will be achieved.
5750 will be the level for more downside +- 15 point on the level.

what can stop this formation only a good result, NO not at all then what political parties, again NO cause elections r 6 months away, means no hope at least till elections.
Market will go up and can make new high only if it work outs that new ruling party will be elected and only by this hope new party will make these things better market can go up.
No party can rectify these problems in 1 night it will take time but at least market will get hope that yes thing will be change.

What our ruling party is doing right now just spreading subsidies and all, have they got the money, NO then how, only by borrowing.

So time to get alert before this happen.

Best of Luck.
Happy Trading.

 

Bought Nifty Oct 5700 pe @ 114.55

 

Nifty below 5790 on opening.

 

Opened @ 5801 and now Nifty spot is @ 5790.

 

Covered my all nifty longs, may be buy back again at lower level if get any chance.

 

Bought Nifty Oct 5950 Ce @ 102.95

 

Dear shabbir now u can post ur views cause I don't think more post will come, also now all the things r disclosed.
So what do u think, what I found is correct or not.

 

covered @ 123.70

 

panic sell will come only after 5750-5730 till now no new shorts for me.

 

Traders r request not to carry any positions overnight.

Long term investor should start buying value stocks slowly slowly.
just invest 30% in 1 script of ur total allocation for 1 script.

Don't put all ur capital all together in market.
just choose 6-7 value stock, devide ur capital by 6-7 and u got the figure how much u can allot for 1 script and then take 30% of 1 script allocation then start buying.
I am sure definitely u will make double or triple of ur invested amount in 1-2 years.

Point to notice please choose 1st entry point, 2nd entry point and 3rd entry point before investing just make 3 entries not more then that after that only stop loss or target.
Best of Luck.

 

waiting for 5785 level on Nifty Spot to add more on my long.

 

I missed that but awesome post, I just loved it.

 

Nifty under pressure - below 5750