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