RELIANCE

MAY SELL RELIANCE ON UPMOVE IN 1025-1030 RANGE

TRGTS NEAR 980-970 TILL TUESDAY

MAY BUY AGAIN IN THIS ANGE FOR TRGTS NEAR 1060

PROBABLE PATH

1012(CMP)-1027-980(TILL TUESDAY)-1060-

920(?????)

NIFTY AND BN VIEWS FOR JULY SERIES

probable path of NIFTY for next week

1.a small bullish WW may be developing in nifty charts and nifty may dip below 7390 once near tuesday to form pt5 and then may move up towards hh abv 7700(7860+)

Strategy:for monday :
sell any upmove in 7515-25 range with sl abv 7549..trgts 7390-70 range till tuesday(reverse trade abv 7555 for 7580-7600)
.
2.if a channel pattern is developing in nifty charts then may once move up 7580 to test upper T/L and then may dip to test lower T/L near 7390 then may breakout abv 7580 f

or 7700+(TRGT 7860)

views for BANK NIFTY

BN may dip towards 14800-14600 levels in next 2/3 days

from there may move up towards 16200 in july series

strategy

accuumulate longs at 14800 and 14600 with sl below 14340

trgts 16150-16250 in july series

NIFTY VIEWS

NS CMP 7590
SELL HERE WITH SL ABV 7640
TRGTS 7500(TILL TOMORROW)
POSITIONAL TARGETS BELOW 7400 NEXT WEEK

MY GUESS FOR NIFTY ROADMAP IN COMING 

DAYS

7585-95(TODAY)(7592 HIGH SO FAR TODAY)


7500-7480(TOMORROW)


7605-15(EXPIRY DAY 26TH JUNE)


7390-70(NEXT WEEK)


7700+

BANK NIFTY VIEWS

A LARGER CONTRACTING TRIANGLE DEVELOPING IN BN 20 DAY 

CHARTS

15500 AND 14800 ARE LEVELS TO WATCH

BREAK OF ANY MAY GIVE 900 PTS IN THAT DIRECTION

16400 OR 13900??????

WILL BE TERMED AS PRE BUDGET RALLY OR PRE BUDGET 

CORRECTION

SUPPORT FOR INTRADAY NEAR 14960-80 RANGE

MAY TARGET 15350 TILL TOMORROW

THEN AGAIN MAY FALL TOWARDS 15000

nifty views

ns near 7505

buy here at cmp with sl below 7470

trgts 7670-80 range till tomorrow

NIFTY VIEWS

NIFTY MAY TARGET 7745 LEVELS TILL TOMORROW IN THIS MOVE

(SL BELOW 7563)

FROM WHERE A DECENT CORRECTION OF 250-270 POINTS MAY 

COME TOWARDS 7480 NEAR 

LEVELS IN NEXT WEEK

MAY START ACCUMULATING LONGS NEAR 7630(CMP)-7600-7570 

AS PER UR RISK CAPACITY

SELL NIFTY AND BN

SELL NIFTY NEAR 7688 NS LEVELS(7683-93 RANGE)

SL ABV 7711

TRGTS 7560-7430

MAY ALSO SELL BN NEAR 15725(15710-15740)

SL ABV 15840

TRGTS 15200

TILL WEDNESDAY

BANK NIFTY UPDATE

PROBABLE PATH OF BN IN JUNE MONTH

A SMALL BEARISH WW MAY DE DEVELOPING(IN BLUE LINES) OF 

WHICH PT5 MAY FORM NEAR 15750-800 RANGE TOMORROW AND

 TRGT PRICE COMES NEAR 15200 TILL THURSDAY 12TH JUNE

PT5 OF ABV PATTERN MAY FORM PT3 OF A LARGER BEARISH 

WW(IN PINK LINES) IN BN CHARTS AND TRGT PRICE NEAR 15200 

OF ABV PATTERN MAY FORM PT4 OF LARGER BEARISH WW 

PATTERN

PT5 OF THIS PATTERN MAY FORM ABV 16000 (TILL 23RD JUNE) 

AND TRGT PRICE COMES NEAR 15000

THE ABV WW PATTERNS ARE DEVELOPING WITHIN AN

EXPANDING

TRIANGLE (IN BLACK LINES)

SUSTAINING BELOW 15000 BN MAY TEST LOWER TRENDLINE OF 

EXPANDING TRIANGLE PATTERN NEAR 14300

GREEN LINES INDICATING PROBABLE PATH OF BN IN JUNE

15800-15200-16000-15000???

NIFTY VIEWS WEEKLY UPDATE

TOMORROW MAY INITIALLY SELL NIFTY ON ALL UPMOVE NEAR 

7633 NS LEVELS

WITH SL ABV 7660

TRGTS NEAR 7500

FOR NEXT 3 DAYS TILL WEDNESDAY NIFTY MAY BE BROADLY 

CONFINED IN 7500-7630 RANGE

STRATEGY:

SELL ALL UPMOVE NEAR 7620-30 RANGE

SL ABV 7688

BUY ALL DIPS NEAR 7500-7510 RANGE 

SL BELOW 7474

PROBABLY NIFTY MAY TRADE IN 100-125 PTS DAILY

NIFTY MAY TARGET 7688 ON THURSDAY

NIFTY PATH MAY BE 7633-7500-7688-7430-7790/7830(TILL 23RD JUNE)

NIFTY VIEWS (UPDATE)

NIFTY HAS GIVEN A BREAKOUT FROM A CONTRACTING TRIANGLE

HT OF TRIANGLE IS ABOUT 430 PTS AND B/O CAME NEAR 7420

SO TRGT OF NIFTY  COMES NEAR 7850

THE WAY TO 7850 MAY NOT BE STRAIGHT AND DIRECT BUT I GUESS MAY FOLLOW

7688/7710-7400-7850(PROBABLY TILL 1ST WEEK OF JULY......RANDOM DATE IS 4TH JULY.WILL BE TERMED AS PRE BUDGET RALLY)

MAY EXPECT A 10% NEAR CORRECTION FROM 7850 TOWARDS NEAR 7100 TILL 15TH AUGUST(MAY BE TERMED AS POST BUDGET CORRECTION)

FROM 7100 NS MAY MOVE UP AGAIN TOWARDS 8150-8250 RANGE(DIWALI BUMPER RALLY)

INTRADAY UPDATE

POSSIBLE OPTION:

NS MAY ONCE DIP BELOW 7487 NEAR 1.00PM AND THEN MAY MOVE UP FOR HH ABV 7537 NEAR 2.15PM

SL FOR LONGS IN NIFTY  IS BELOW 7471

MAY BUY MORE NEAR 7487-81 RANGE

MAY BUY 7500CE TOO AGAIN AT 7487 NS LEVELS

INTRADAY TRGT IS 7581-88 RANGE

INTRADAY

BUY BN ON ALL DIPS NEAR CMP 15420
SL BELOW 15360
TRGTS 15650 INTRADAY

NS HAS GOOD SUPPORT NEAR 7500
SL BELOW 7471

TRGTS 7581 INTRADAY

nifty views update...trgts 8240

nifty may possibly trade as per green lines in

 charts

within rising wedge pattern in black lines making 

HH and HL pattern

within larger blue channel

red lines near 6310 will form strong support as of 

now onwards 

(previous 

strong resistance)

possible path

7750-7050-8240(may be near diwali this year)

INTRADAY NIFTY

NS MAY FACE RESISTANCE NEAR 7411NS LEVELS AND BN NEAR 15272 LEVELS

CMP NEAR 7409 AND 12568

MAY SELL WITH SL ABV 7424NS

TRGTS 7375

IMMED SUPPORT AT 7391

NIFTY UPDATE

TOMORROW SELL ALL UPMOVE NEAR 7443NS LEVELS WITH SL ABV 7484

TRGTS NEAR 7100 +/-20 PTS TILL 20TH JUNE

SUSTAINING ABV 7484 MAY TRGT 7750 TILL 20TH JUNE

nifty views

tomorrow nifty may trade in tight range probably within 7449-7403 

range........


possibly may open flat or with small negative bias

Buy near lows of 7403 for trgts 7449

sell near 7449

close may be near 7425

positional call:

may sell nifty on all upmove near 7460ns levels (possibly on 

thursday)with sl abv 7490

though my guess is ns can do max of 7482 ns levels

abv 7490ns may reverse trade for 7750