nifty views

yesterday post:

NIFTY MAY NOW PROBABLY MOVE UP TOWARDS 6790-6800 RANGE ONCE AND THEN MAY DIP TOWARDS 6705-6715 RANGE TOMORROW

ns did 6786 and did lows of 6711 so far 

Nifty may face resistance now again near 6742ns levels(cmp)....55ema in 

5 min charts

may dip again towards 6707-6697 range in next 90min(chanell support)

6819-6665=154 pts

6661-154=6707

and then may show some recovery till eod

if ns closes abv 6782 then tomorrow again bulls may go wild 

BN res near 12980-990 range

weakness below 12958

may dip for a LL near 12840

NIFTY VIEWS

NIFTY MAY NOW PROBABLY MOVE UP TOWARDS 6790-6800 RANGE ONCE AND THEN MAY DIP TOWARDS 6705-6715 RANGE TOMORROW

TODAYS LOWS IS 6750 SO FAR(CMP 6760NS)

MAY BUY ALL DIPS WITH SL BELOW 6742

MAY SELL NEAR 6790-6800 RANGE WITH SL ABV 6819NS LEVELS

FROM 6705-15 RANGE NIFTY MAY START AN UPMOVE AGAIN FOR 6904-14 RANGE  AND THEN 6957

VIEWS UPDATE

AS PER MY CALCULATION NIFTY MAY 


TRADE 



IN 6840-6785 ON MONDAY



 AND 6825-6750 ON TUESDAY



MAY TARGET 6697 INTRADAY AND THEN 


MAY RECOVER TOWARDS 6845 EOD


LAST 30MIN WILL FAVOUR BULLS

POSITIONAL NIFTY VIEWS UPDATED

POSITIONAL NIFTY VIEWS:

NIFTY MAY HAVE FORMED DAYS HIGH NEAR 6870 NS LEVELS TODAY 

MAY DIP TOWARDS 6750 TILL TUESDAY NEXT WEEK

THEN AGAIN MAY START ITS UPMOVE FOR 6920+ NS LEVELS TILL 5TH MAY AND THEN MAY DIP TOWARDS 6650 LEVELS AGAIN

SL ABV 6872 NS LEVELS

INTRADAY VIEWS:

PROBABLY NIFTY MAY DIP TOWARDS 6795-6805NS RANGE ONCE AND THEN MAY RECOVER 

TOWARDS 6840-50 RANGE AGAIN BUT WILL DIP AGAIN TOWARDS 6750 NEXT WEEK

SL ABV 6872NS LEVELS

NEXT WEEK NIFTY MAY TRGT 6914NS LEVELS AFTER RETEST OF 6750(PROBABLY ON TUESDAY)

NIFTY POSITIONAL VIEWS

BUY AGGRESSIVELY ALL DIPS NEAR 

6807NS LEVELS TODAY FOR TRGTS 7040 IN 

4-5 SESSIONS

NIFTY VIEWS

THE WAY NIFTY IS PROGRESSING ONE OPTION IS MAY CLOSE NEAR 6830

BUT BE4 THAT MAY TEST 6807 LEVELS

BUY 6850PE NEAR 6853NS LEVELS (NEAR 1.00PM)(MAY BE BELOW 10)

AND 6800CE NEAR 6807(NEAR 2.30)

THOSE WHO ARE ALREADY IN 6850PE MAY DO SOME MORE BUYING NEAR 6853NS 

RISK IS ALWAYS THERE SO PLZ TRADE ACCORDINGLY

BANK NIFTY

BANK NIFTY  MAY DO FOLLOWING PATH INTRADAY

13045 CMP

13005-13055-12980-13090

OPTION INTRADAYTRADE

BUY 6850PE NEAR 6845NS(NEAR 16 LEVELS)


TRGT 6815(6850PE MAY BE NEAR 30-35 RANGE)


BUY 6850CE NEAR 6815NS(NEAR 1.30-2.30PM)


6850CE MAY BE NEAR 1-2RS AT THAT TIME


TRGTS 10-15-20

NIFTY VIEWS

INTRADAY TRADE:

SELL NIFTY ON ALL UPMOVE NEAR 6845-50 NS RANGE 

CMP 6834NS

SL ABV 6862

TRGTS 6815 INTRADAY

BUY NEAR 6815

SL BELOW 6806

TRGTS 6871

LAST 30-60MIN MAY BELONG TO BULLS

NIFTY MAY TARGET 6871-77 RANGE NEAR EOD

INTRADAY NIFTY

INTRADAY TRADE:(OR MAY HOLD TILL TOMORROW)

SELL NIFTY ON UPMOVE NEAR 6834-38(MAY

 COME NEAR 9.45-10.00AM) RANGE SL ABV 

6856

CMP 6821NS

TRGTS 6810-6790-6770

INVERTED H&S PATTERN

CHARTS

NIFTY VIEWS(7700 OR 5700)

NIFTY IS EXPECTED TO REMAIN IN BULLISH MODE FOR NEXT

WEEK

MAY POSSIBLY TEST 6900-20 RANGE TILL FRIDAY NEXT WEEK

6830-40 RANGE IS EXPECTED ON MONDAY

FROM THERE(NEAR 6900) NIFTY MAY GO INTO SOME DEEPER

CORRECTION OF NEAR 370PTS TOWARDS 6550-30 LEVELS

FROM THERE MAY BE KEPT IN TIGHT RANGE OF 6550-6750 TILL

ELECTION RESULTS ARE ANNOUNCED ON 16TH MAY 2014(NIFTY

PATH SHOWN IN GREEN LINES ON CHARTS)

DOW MAY ALSO SHOW SOME CORRECTION AGAIN PROBABLY

FROM TUESDAY NEXT WEEK

NIFTY MAY ONCE TEST NECKLINE OF INVERTED HEAD AND

SHOULDER PATTERN(SHOWN IN RED LINES ON CHARTS) NEAR 

6550 LEVELS AND THEN MAY MOVE UP SHARPLY TOWARDS 7700-

7800 RANGE

(OR NIFTY MAY EVEN ONCE GIVE A FALSE BREAKDOWN BELOW

6530 TO TRAP SHORTERS )

MY GUESS IS ON PRE ELECTION RESULT DATE (15TH MAY)NIFTY MAY BE

KEPT NEAR 6700 LEVELS AND AFTER RESULTS NIFTY MAY MAKE A

MOVE OF 1000 PTS EITHER SIDE IN FEW MONTHS

(NOT EXPECTING ANY UPPER CIRCUIT OR LOWER CIRCUIT)

7700 OR 5700????

MY VOTE FOR 7700

WHATS YOURS ??

PLZ CAST YOUR VOTE

NIFTY VIEWS

TOMORROW BUY ALL DIPS IN NIFTY

MY GUESS IS BEARS WILL BE TAKEN FOR A RIDE AND IF SUPPORT OF 6696 IS HELD THEN BEARS MAY BE TRAPPED BADLY

SUPP AT 6720-6696-6675

POSSIBILITY OF NIFTY MAY TEST 6696 ONCE

SL BELOW 6650

NIFTY MAY TEST 6852 IN 4-5 SESSIONS

AFTER TEST OF 6852 NIFTY MAY FALL TOWARDS 6550 NEAR LEVELS 

TIME TAKEN MAY BE 12-14 SESSIONS FROM TOMORROW

 FROM WHERE AGAIN AN UPMOVE SHALL START FOR 6940-7020 LEVELS

BN HAS SUPPORT NEAR 12450

NIFTY VIEWS UPDATE

 A BEARISH WW MAY DEVELOP IN NIFTY CHARTS

MAY HAVE FORMED PT4 NEAR 6711

PT5 MAY BE FORMED ABV 6850 TOMORROW NEAR EOD OR THURSDAY MORNING

TRGTS NEAR  6650

BUY ALL DIPS TODAY NEAR 6713-6696 RANGE

AS PER MY GUESS DAYS LOW IS ALREADY AT ITS PLACE AND EXPECTING NIFTY TO CLOSE IN GREEN NEAR 6782 TODAY

NIFTY VIEWS

TOMORROW SELL NIFTY ON ALL UPMOVE NEAR 6815-20 RANGE WITH SL ABV 6838NS

TRGTS 6720 INTRADAY

POSSIBILITY OF A GOOD UPMOVE AGAIN NEAR EOD TOWARDS 6770

MAY MOVE UP TOWARDS 6838-52 RANGE NEXT WEEK AND FROM THERE MAY DIP AGAIN TOWARDS 6680-60 RANGE

FROM 6660 THEN TO 6940 NON STOP

bn views

a bullish WW may be developing in BN 10 day charts

may have formed pt5 near 12430 on 4th april.....again tested line joining 1 

,3 and 5 on monday at 12439

may take support of line joining pts 2 and 4

today support is near 12570

and for tomorrow may be near 12525

trgts abv 13000 witjhin 5-7 sessions

NIFTY VIEWS

BUY ALL DIPS IN NIFTY IN 6650-6600 RANGE
SL BELOW 6565
TRGTS 6850 

intraday views

cmp 6715ns levels

may sell here with sl abv 6720

trgts 6695-90 range

today buy all dips near 6695-90 range (expected near 12.30pm)

for trgts near 6770-6775 range near eod

nifty views

tomorrow nifty may face resistance at 6757 initially

sell near 6754-58 range sl abv 6774

then may dip towards 6705

buy near 6705 sl below 6687

and then may again move up towards 6772-77 range by eod

next week ns may test 6647 levels once and may trade in tight range of 6647-6772 for most of days

INTRADAY

BUY NIFTY AND BN HERE AT LOWS NEAR 6712NS AND 12568BN LEVELS

TRGTS 6750 AND 12725 INTRADAY

SELL AGAIN AT THOSE LEVELS 

BANK NIFTY VIEWS

I GUESS FOR NEXT 6-8 TRADING SESSIONS BANK NIFTY MAY BE CONFINED BROADLY IN 12900-12400 RANGE

ONCE MAY DIP TOWARDS 12300 ALSO BUT WILL RECOVER FAST SAME DAY

I BELIEVE STILL SOME STEAM IS LEFT WHICH MAY PROPEL BANK NIFTY TOWARDS 13500 NEAR LEVELS IN 1ST WEEK OF MAY

FOR NEXT FEW SESSIONS 

SELL BN (SPOT) NEAR 12890-12910 RANGE

BUY MAY BE STAGGERED NEAR 12400 AND 12300

KEEP SL OF NEARLY 50 PTS ABV 12910 AND BELOW 12300