BN EXPIRY SPECIAL

BUY BN NEAR 15150 +/-10 PTS
SL BELOW 15130
TRGTS 15270 NEAR 2.30-2.45PM

IF THIS HAPPENS THEN TRAIL THE TRADE WITH TSL AS POSSIBLY BN MAY MOVE UP TOWARDS 15320-340 RANGE EOD

NIFTY INTRADAY

NS CMP 7332NS

MAY SELL HERE WITH SL ABV 7345

TRGTS BELOW 7300

MAY BE NEAR 7285-90

BUY NEAR 7290

SL BELOW 7269

TRGTS 7400 INTRADAY BY EOD

BN AND NIFTY VIEWS UPDATE

SELL NIFTY AND BANK NIFTY ON SOME UPMOVE

7340NS AND 15100BNS

(CMP 7305 AND 15014)

FOR TRGTS NEAR 7275 AND 14900

NEAR 1.15-1.45PM

BUY AGRESSIVELY NEAR THESE LEVELS WITH SL BELOW 7210NS

TRGTS ABV 7400 AND 15250 TOMORROW

THOSE WILLING TO TAKE SOME RISK

MAY ALSO BUY AT CMP FOR 7340 AND 15100 WHERE SELLING MAY BE DONE

STOCK TRADE:NTPC

STOCK TRADE: NTPC

(1)BUY ON SOME DIPS NEAR 153 CMP

TRGTS 154.7

(2)SELL  ON UPMOVE NEAR 154.7

TRGTS NEAR 149-148 RANGE(NEAR 1.45PM)

(3)BUY NEAR 149

TRGTS 160 TILL TOMORROW

SL AS PER UR RISK PROFILE

NIFTY UPDATE

NIFTY GEARING FOR A BREAKOUT FOR TRGTS NEAR 7750 IN NEXT 6 TRADING DAYS

EITHER MAY HAVE FORMED LOWS NEAR 7269 TODAY(OR MAY FORM A BIT LOWER NEAR 7210-20 RANGE )

(THOUGH NIFTY SEEMS TO HAVE FORMED LOWS BUT BN IS INDICATING THAT IT MAY FORM A LL NEAR 14850)

AND THEN BOTH WILL MOVE UP

UNSTOPPABLE.............

BULLISH VIEWS WILL BE NEGATED BELOW 7130NS LEVELS

NIFTY VIEWS

BUY NIFTY WHEN COMES NEAR 7480-7474 NS LEVELS

CMP 7489

WITH SL BELOW 7455

TRGTS 7520-30 INTRADAY

HERO YA ZERO TRADE UPDATE

7500CE @60

7600CE@21

WW in BN

a small bullish WW may be developing in BN 


5min 2 day charts

pt 4 may have formed near 15093

pt5 may fom below 14960 near 1.00pm

trgts 15170 near 3,00pm

INTRADAY TRADE

INTRADAY TRADE:
SELL NIFTY NEAR 7317
NEAR 12.45-1.15PM
SL ABV 7337
TRGTS 7275-7250

jackpot trade

BUY>>>>>>BUY

ns near 7235

sl below 7217

trgts 7352

7300ce near 59

worth taking risk with sl below 50

trgts 

80-100-120

for some technical observation

watching some WW developing in ns 2 min charts

smaller bullish WW

may have formed pt4 near 7265 at 11.50am

may form pt5 near 7254

trgt near 7272-77 range (near 1.00pm)

lows of 7254 can be pt4 of a larger bearish WW

7272-77 range may be pt5 near 1.00pm

trgts near 7230 near eod or tomorrow opening

INTRADAY NIFTY

SELL NIFTY NEAR CMP 7268 NS LEVELS

TRGTS NEAR 7230-40 RANGE 

BUY NEAR 7230-40 RANGE

SL BELOW 7217

TRGTS 7320 INTRADAY

7225 IS SUPPORT FOR NIFTY

nifty views

BTST TRADE:

may buy nifty  today if dips below 7242ns levels

trgts 7350 till tomorrow

sl below 7213ns levels

or buy 7300ce near 60 .00 levels(if comes today)

nifty views

Tomorrow nifty may trade in 7230-7310 range

if opens flat then may buy all dips near 7230-40 range with sl below 7210

trgts 7300-7310(may be near midnoon b/w 12.00-1.00pm

may sell near 7300-7310

trgts 7210 on wednesday

INTRADAY JACKPOT TRADE

INTRADAY TRADE

BUY NIFTY ON DIPS BELOW 7340(NEAR 12.45PM)

7315 IS SUPPORT

SL BELOW 7290

TRGTS 7400-7450-7500

BUY BN ON DIPS NEAR 15150

SL BELOW 14950

TRGTS 15500-15600-15700

nifty ascending triangle breakout update

1st resistance was at 7560ns levels

ns has done high of 7563 so far

also last upmove was of 534 pts from 6638 to 7172

adding 534 to 7080 then next trgts comes near 7614

my guess this rally may end near 7640 levels on monday(next week) and then markets may go into some range bound mode for 350 points

next trigger will be union budget for trgts 8150

6340-4530=1810PTS 

6340+1810=8150

ACCUMULATE LONGS IN MCDOWELL

MCDOWELL BELOW 2635

IN  SUPPORT RANGE

BUY 2700CA NEAR 33

ACCUMULATE LONGS

SL BELOW 15

STRONG SUPPORT AT 2620 

21EMA IN WEEKLY CHARTS

nifty views

today accumulate longs in dips in nifty

supports near 7105(cmp)

then near 7090-7075-7060

may keep sl below 7055

may target 7160-7260-7360-7600 till tomorrow

can be risky but risk is low and reward can be very high

nifty views

tomorrow nifty may do test levels of 7280-7300

and on friday may open near 7425

tomorrow buy all dips near 7090-7080 (if gets opportunity)

may keep sl below 7067

below 7067 supp at 7016

or buy if sustains abv 7127ns

need to act fast otherwise will miss the train

today was lull before the storm

toofan aane wala hai

intraday ww in nifty

small bullish ww developing in ns 2 min charts

may have formed pt5 near 7095



1.7096,5

2.7142

3.7096,35

4.7120

5.7095 cmp

buy near 7095

sl below 7078

trgts 7140 ns  near 12.15pm

abv 7108

may show strength

breakout from ascending triangle pattern in long term NIFTY charts

WILL THIS CHART QUALIFY AS DEFINITE BREAKOUT FROM ASCENDING TRIANGLE PATTERN????

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Top Horizontal Line: At least 2 reaction highs are required to form the top horizontal line. The highs do not have to be exact, but they should be within reasonable proximity of each other. There should be some distance between the highs, and a reaction low between them.

Volume: As the pattern develops, volume usually contracts. When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary.

Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout.

HEIGHT OF TRIANGLE=APPROX 4100 PTS

Breakout Point near 6330+4100=10430 levels

also a channel may develop b/w lower blue T/L and pink lines

trgt of channel psttern is 8920 in next 10-12 months

Return to Breakout: A basic tenet of technical analysis is that resistance turns into support and vice versa. When the horizontal resistance line of the ascending triangle is broken, it turns into support. Sometimes there will be a return to this support level before the move begins in earnest.

any return(dip) towards 6330 

X pips=6340-5120=1220pts 

1st resistance= breakout pt + x pips

=6340+1220

=7560ns levels 

NIFTY VIEWS

bullish scenario:

inverted head and shoulder pattern

upper blue line is neck line of Inv H&S pattern

nifty may probably test the support of neckline once in 6600-6570 range soon and then may move up again for targets of 7700 near levels

bearish scenario:

a bearish WW is developing as indicated in blue lines

6400 is breakdown level of this pattern as now

IF BREAK BELOW 6400 THEN
may target 5800 in next 2 months

BN views

channel resistance will keep moving up 27pts daily in BN charts ,


will be near 13508 levels on monday and 13535 till tuesday..


lower t/l of channel is near 12880 and will keep moving 27pts up daily

nifty and BN

13481 is channel resistance in BN

13268-13055=213 PTS IN 8 DAYS....FROM 13268 ADD 213 IT COMES 

13481 AND TODAY IS EIGHTH DAY TOO

may sell here near cmp of 13477


high so far near 13481


nifty cmp near 6815ns

last upmove from 6665 to 6861 of 196pts was done in 4 days .....



this upmove from 6638 +196 =6834 (+4 pts for time correction)which 

makes 6838 as downsloping channel resistance for today


sl abv 6838

WW in BN

bearish WW in BN

trgts 12850 in next 2-3 days

NIFTY AND BANK NIFTY VIEWS UPDATE

TOMORROW NIFTY MAY OPEN WITH POSITIVE BIAS

6683 IS IMMEDIATE RESISTANCE

IF COULD NOT BREAK AND SUSTAIN ABV IT THEN MAY DIP TOWARDS 6600-6590 RANGE TILL FRIDAY

OR POSSIBLY TOWARDS 6550+/-10 PTS  FROM WHERE A GOOD BOUNCE CAN BE EXPECTED NEXT WEEK

MAY SELL NIFTY NEAR 6683 NS LEVELS  WITH SL ABV 6704.......

SUST ABV 6704 MAY SEE SOME STRENGTH COMING BACK

BN MAY FACE RESISTANCE IN 13030-60 RANGE AND IF COULD NOT BREAK ABV 13100 THEN 12780 TILL FRIDAY

MAY SELL ABV 13030 WITH SL ABV 13100 FOR TRGTS 12780

NIFTY INTRADAY

HIGH POSSIBILITY OF ANOTHER TIGHT RANGE DAY TODAY

SOME INTRADAY TRADE:

BUY NIFTY HERE AT CMP NEAR 6700NS LEVELS 
SL BELOW 6693
TRGTS 6711

SELL NEAR 6711
SL ABV 6718
TRGTS 6695-90 RANGE NEAR 11.30AM

BUY AGAIN NEAR 6695-90 RANGE
SL BELOW 6680
TGTS 6728-32 RANGE NEAR 2.30PM

NIFTY VIEWS

BROADER RANGE FOR NEXT 2 DAYS IS 6755-6655 RANGE

SELL NEAR 6755

BUY NEAR 6655

WHICH EVER COMES FIRST

SL 30 POINTS EITHER SIDE

MAY EXPECT SOME VOLATILITY TO START TOMORROW

MY GUESS IS 6755 FIRST AND 6655 NEXT AND AGAIN 6755

CHANNEL PATTERN DEVELOPING IN BN CHARTS

SUPPORT NEAR 12780-90 RANGE NOW

IN MORNING GOT SUPPORT AT 12773 OF LOWER T/L OF CHANNEL

MAY START ACCUMULATING AT 12855 AND 12790 WITH SL BELOW 12738

TRGTS 13550

NIFTY VIEWS UPDATE

NIFTY VIEWS TILL 19TH MAY

COUNTING WILL START ON 16TH MAY AND BY THE TIME MARKETS WILL CLOSE AT 3.30PM ONLY RESULTS OF FEW SEATS WILL BE ANNOUNCED AND ACTUAL POSITION WILL BE CLEAR LATE NIGHT OR SATURDAY 17TH AND ITS 
EFFECT WILL BE REFLECTED ON MONDAY 19TH MAY MARKETS ONLY PROBABLY
WITH A BIG GAPUP OR GAP DOWN OPENING 
AND ALSO FROM MONDAY SMALLER PARTIES WILL ANNOUNCE THEIR STAND FOR FORMING GOVT AT CENTER AFTER SEEING COMPLETE PICTURE OF ELECTION RESULTS(COLATION/HORSE TRADING) AS NDA THE MOST STRONGEST OF ALL AS OF NOW MAY ALSO BE IN DEFICIT OF FEW SEATS

ALSO LAST POLLING IS ON SUNDAY THE 11TH MAY AND EXIT POLLS MAY START FROM 11TH NIGHT ONLY WHICH WILL HAVE ITS IMPACT WHEN MARKET OPENS ON MONDAY THE 12TH MAY(EXPECTING NIFTY TO CLOSE NEAR 6780 ON 9TH MAY FRIDAY)

MY GUESS IS FOR A GOOD GAPUP ON MONDAY 19TH 

LEVELS ON 19TH MAY BE NEAR 7000 AND 
ON 16TH MAY BE NEAR 6650

IN NEXT 2-3 DAYS NIFTY MAY DIP TOWARDS 55EMA IN DAILY CHARTS 6560+/-20 LEVELS FROM WHERE AGAN A SMALL UPMOVE SHALL START FOR 6780-6800 RANGE

MAY SEE SOME PING PONG GAME BETWEEN 6550-6780 LEVELS TILL 16TH MAY

TRADING IDEAS

BUY NIFTY HERE 

NS CMP 6701

BN NEAR 12880

JPASSOCIAT NEAR 54.10


TRGTS:(NEAR1.15-1.30PM)

NS 6757-62

BN 13090

JPASSOCIAT  56.50

MAY SELL AGAIN NEAR THESE LEVELS

NIFTY VIEWS(INTRADAY)

BE CAUTIOUS WITH LONGS TODAY

NIFTY MAY DIP TOWARDS 6637NS LEVELS 

TODAY

SELL ALL UPMOVE TOWARDS 6745-57NS 

WITH SL ABV 6781

PROBABLE INTRADAY PATH FOR NIFTY

6726(CMP)-6700-6745/57-6637