NIFTY VIEWS

WAS EXPECTING NS TO TEST 5669 THIS FRIDAY
BUT NIFTY AS ALWAYS HAD SOME OTHER IDEAS
NEARLY DID IT TODAY ONLY
LOWS MADE TODAY WERE 5672

FOR TOMORROW EXPECTING NS TO TRADE IN 60-70 PT RANGE

5652 -5637  IS  SUPPORT RANGE

5708 - 5723 IS RESISTANCE RANGE FOR INTRADAY

BELOW 5637 IF NS TRADES THEN MAY EXPECT 5560 AND 5480 LEVELS IN 6-8 TRADING SESSIONS BE4 ANY MEANINGFUL BOUNCE

IF TAKE SUPP IN 5637-5647 LEVELS  THEN MAY BOUNCE TOWARDS 5965-80 RANGE


BULLS MAY GET ADVANTAGE ONLY IF NS SUSTAINS ABV 5DEMA

NIFTY VIEWS FOR 27TH FEB

 (FIRST POSSIBILITY)
IF TOMORROW NS CLOSES BELOW 5800(DEVELOPING 5 EMA IN DAILY CHARTS) THEN EXPECTING THIS WEEK NS MAY TRGT  NEAR 5669NS LEVELS
AND MARCH MONTH MAY SEE NS TESTING 5460 LEVELS  ALSO MAY PROBABLY FILL THE GAP NEAR 5435NS (13TH SEP CLOSE...14TH LOW WAS 5527)


(SECOND POSSIBILITY)
TOMORROW IF NS OPENS WITH A GAPUP AND CLOSES ABV 5DEMA(5800-5810) IN DAILY CHARTS THEN MAY ASSUME THE TREND HAS REVERSED AND EXPIRY MAY BE NEAR 5920 NS AND MAY MOVE UP TOWARDS 6166NS LEVELS IN MARCH
TODAYS 5DEMA IS 5837

NIFTY VIEWS FOR 26TH FEB

TWO POSSIBILITIES FOR TOMORROWS TRADING

BULLISH: MAY OPEN WITH A SMALL GAPUP..NEAR 5863-67 RANGE MAY TRADE IN 5834/38-5996/99 RANGE WITH INTERMEDIATE RES NEAR 5882

BEARISH:MAY OPEN WITH A GAPUP MAY MOVE UP SWIFTLY  TOWARDS 5882 AND THEN A HEAVY SELL OFF MAY BE SEEN WHICH MAY TAKE NIFTY BELOW 5800NS MAY BE NEAR 5790-95 TO HIT SL OF MOST LONGS OF RETAILS AND THEN A BIG UPMOVE TOWARDS 5940 TILL EXPIRY
BUY AGGRESSIVELY NEAR 5790 SL BELOW 5760 TRGTS 5941 TILL EXPIRY
6212 TILL 31ST  MARCH

STOCKS TO WATCH

NEXT WEEK SELL MARUTI ON ANY UPMOVE NEAR 1470-75 RANGE
SL ABV 1511
TRGTS 1380 IN COMING DAYS

***************************************

NEXT WEEK SELL NTPC ON ANY  UPMOVE NEAR 157-159 RANGE WITH SL ABV 165
TRGTS 151-145
BUY AGAIN NEAR 145 SL BELOW 140 TRGTS 151-157-163

NIFTY VIEWS

SOME CORRECTION  IN NIFTY CHANNEL PATTERN FORMATION FROM PREVIOUS  POST

TODAY JUST TOUCHED RES AT RED CHANNEL UPPER T/L
BREAKOUT ABV RED CHANNEL MAY LEAD NIFTY TO TRADE IN BROWN CHANNEL
UPPER T/LOF BROWN CHANNEL NEAR 6050

TOMORROW IF NS OPENS ABV 5952 AND SUSTAINS ABV 5969-74 RANGE THEN 6050 MAY BE TESTED THIS WEEK ONLY
IF COULD NOT BREAK ABV 5944-48 RANGE TOMORROW THEN MAY DIP AGAIN TOWARDS 5900-5890 RANGE INTRADAY BUT MAY CLOSE AGAIN ABV 5930

next week nifty range

probable intraday trading range of nifty for next week may be

mon: 5904-5810
tue:   5928-5854
wed: 5985-5915
thu:   6013-5941
fri:    6022-5952

just an indicative intraday trading range
plz dont trade just on this view 
plz do your own analysis be4 indulging in any trade

start accumulating longs from 5850ns levels
supp in 5850-5795 range are 5842-5834-5823-5815-5810-5795
nifty may bounce from any level

NIFTY DAILY CHARTS

nifty is still trading with in a channel pattern
5815 was prev high and 5823 was support from where ns moved towards 6112ns
multiple supports in 5834-5795 range which also coincidentally is channel support also  from where another strong bounce can be expected and this bounce can be sharp and swift
buy aggressively on any dips near 5850-10 range next week  with sl below 5770
those trading in multiple lots may start accumulating from 5850ns levels till 5810ns 5795 can be ultimate lows this series

below 5769 bears will  gain  upperhand
5810 is 21wema

probable roadmap for next 2 weeks is 5808-6022-5941-6126

NIFTY VIEWS

this week ns traded in 5854 -5969 range

as per our post last week our expected range was 
 next week broader trading range will be 5872-5967 range

NEXT WEEK TRADING RANGE EXPECTED IS 5810-6022 NS

  EXPECTING  NIFTY TO OPEN WITH SMALL POSITIVE BIAS ON MONDAY NEAR 5904NS AND MAY FALL SHARPLY TOWARDS 5808-5823 RANGE INTRADAY AND MAY CLOSE NEAR DAYS LOW SO THAT MORE SHORTS WILL BE INDUCED AND
WILL START TO MOVE UP FROM TUESDAY WITH GAPUPS OPEN SO THAT ENTRY FOR LONGS WILL BECOME DIFFICULT FOR INTRADAY TRADERS AND SHORTS WILL BE BUTCHERED THIS WEEK

MAY MOVE UPTILL 6022 THIS WEEK

5848-5808 RANGE HAS TOO MANY SUPPORTS
5815 WAS PREV HIGH
5823 WAS LOWS FROM WHERE NIFTY STARTED ITS UPMOVE FOR 6112NS
5810 IS 21WEMA
5848 IS 100DSMA

START ACCUMULATING LONGS ON ANY DIPS FROM 5850-5810 AS PER YOUR RISK CAPACITY
SL FOR POSNL LONGS IS BELOW 5770NS
BELOW 5769 BEARS WILL HAVE UPPERHAND AND NIFTY MAY GO INTO BEARISH ZONE AS NIFTY WILL BREAKDOWN FROM  CHANNEL LOWER  TRENDLINE  SUPPORT.



SL ABV 5941NS ON CLOSING BASIS FOR SHORTS
OR ABV 5970 INTRADAY

NIFTY VIEWS

LAST WEEK POST:

next week broader trading range will be 5872-5967 range
in 3 days this week ns trading range had been 5879-5969

tomorrow again ns may broadly trade in 5910-5975 range 

strong addition in O.I in 5900pe indicating bulls have made a strong base near 5900 levels

tomorrow may be big volatile day as two events are lined up and may give an opportunity to enter longs near 5910-20 range with sl below 5870ns
11.30am WPI data
1.30pm SBI Q3 result

FII had been consistently on buying side this series

ANYDAY IF NS OPENS ABV 5976 AND SUSTAINS ABV IT FOR 30MIN THAT WILL INDICATE A START OF STRONG UPMOVE TOWARDS 6200+ THIS SERIES

NIFTY VIEWS FOR NEXT WEEK

on monday ns may trade in 5873-5919 range
and next week broader trading range will be 5872-5967 range

pre budget rally
from 3rd week of february nifty may breakout abv 5990ns for a very strong upmove towards 6123-6267 range this series

6200ce buying was initiated today at 5rs

will get more opportunity for buying in 4-5 range on first three days of next week

bears will be butchered this series

start accumulating longs in JP associat and state bank on dips in next week
supp of 
JP near 71-72 range
SBI near 2250 

JACKPOT CALL

BUY 6200CE WHEN COMES NEAR 4-5RS(PROBABLY WHEN NS TRGTS 5884 NS LEVELS)

TODAYS LOW 9.30

 CLOSE 11.35

TRGT TILL EXPIRY 100+ 

EXPIRY EITHER NEAR 6300 OR 5600