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Where Do you See the Support Levels?

Discussion in 'Technical Analysis' started by shabbir, Mar 6, 2013.

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  1. kamat79

    kamat79 New Member

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    5660, then 5540, but I think Nifty is in UPTREND
     
    kamat79, Mar 7, 2013
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  2. verenmitter2001

    verenmitter2001 Member

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    Shabbir Now give your view point too.

    regards
    veren
     
    verenmitter2001, Mar 7, 2013
    Share #22
  3. shabbir

    shabbir Administrator Staff Member

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    My view point is already shared by many members in this thread but I will still do the same and explain as well.

    I was reading this thread but was not sharing my views because I wanted people to share their views and not just read my viewpoint.

    [​IMG]

    Looking at the above Nifty chart we see couple of things

    1. Blue line as support line.
    2. Blue band where Nifty consolidated for almost a month.
    Both of them would act as support.

    So if 5650 does not crack which means 5550 is also held then Nifty is just consolidating as of now and long term trend is up as of now.

    So Nifty's intermediate support is 5675 and long term support of 5550

    I hope it helps.
     

    Attached Files:

    shabbir, Mar 7, 2013
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  4. suniljoshikk

    suniljoshikk New Member

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    Hi sabbir,

    I thik 5790 is next support

    Thanking you

    Sunil joshi.k.k.
     
    suniljoshikk, Mar 7, 2013
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  5. verenmitter2001

    verenmitter2001 Member

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    thanks shabbier
     
    verenmitter2001, Mar 7, 2013
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  6. srspriya06

    srspriya06 Active Member

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    Sorry for the late response shabbir.

    My view for the Nifty stoploss is at 5540 levels
     
    srspriya06, Mar 7, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    Shared.

    5400? Can you share how

    That was the aim.

    Nice one Harjeet

    Not sure how you get that Sunil

    The pleasure is all mine.

    Perfectly fine.
     
    shabbir, Mar 7, 2013
    Share #27
  8. shyambabu23

    shyambabu23 New Member

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    Immediate support 5771 after that 5553
     
    shyambabu23, Mar 7, 2013
    Share #28
  9. kamat79

    kamat79 New Member

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    Thanks Shabbir, you rock! :)
     
    kamat79, Mar 7, 2013
    Share #29
  10. shabbir

    shabbir Administrator Staff Member

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    Comments like those keeps driving me.
     
    shabbir, Mar 7, 2013
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  11. monilhathi

    monilhathi New Member

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    I see around 5700-5750
     
    monilhathi, Mar 7, 2013
    Share #31
  12. vishuhd1

    vishuhd1 Member

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    Thanks for sharing your thoughts Shabbir.. That was a really good explanation..
     
    vishuhd1, Mar 7, 2013
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  13. phillip8769

    phillip8769 New Member

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    i think 5575-5600 is a good support level
     
    phillip8769, Mar 7, 2013
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  14. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Mar 7, 2013
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  15. sunil_hajeri

    sunil_hajeri New Member

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    Nifty has support at 5550. But today nifty closed up, shorter & medium term trend has changed to bullish.
     
    sunil_hajeri, Mar 7, 2013
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  16. bepenraja

    bepenraja New Member

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    5550 looks like.
     
    bepenraja, Mar 7, 2013
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  17. ak_23

    ak_23 New Member

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    I think support was at 5660
     
    ak_23, Mar 7, 2013
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  18. sriteg64

    sriteg64 New Member

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    Immediate support is 5660, Pl share your thought Mr Shabbir because different views
     
    sriteg64, Mar 10, 2013
    Share #38
  19. shabbir

    shabbir Administrator Staff Member

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    I have already done that. See in this post
     
    shabbir, Mar 10, 2013
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  20. sriteg64

    sriteg64 New Member

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    Thanks Shabbir, clearly explained
     
    sriteg64, Mar 11, 2013
    Share #40
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