nifty views

positional call:

a bullish WW may be developing in ns charts

ns may have formed pt4 near 5699 today

may dip towards 5440 next week till wed or thu

and then may move up again towards trgt price of 5699-5708 range

NIFTY VIEWS

nifty views

BUY NIFTY AT CMP 5814NS

SL BELOW 5795

TRGTS 5893-5970-6032

EXPECTING NIFTY TO CLOSE IN GREEN TODAY NEAR 5871 BUT BE4 THAT MAY RETEST 5893NS INTRADAY

a small +WW developing 

may take supp in 5809-5814ns range

trgts 5930 till tomorrow

breakout/strength if sustains abv 5847

nifty views

Nifty 5day 5 min charts

an expanding triangle developing indicated in blue lines

a small -WW developing within exp triangle pattern with violet line indicating the target price  line

lower T/L of exp triangle and trgt price line of WW pattern intersecting near 5830ns levels

although today US markets are in big green but i doubt that indian markets will open with big gapup on monday

green lines indicating probable path of nifty from lower T/L to upper T/L

probable path may be 5830ns to 6000ns levels 

i am expecting probable lows may be near 5836ns and then it may move up uninterrupted towards 6079 levels in next week 

6080-6134 may be strong resistance zone

abv 6134 may move up towards higher highs 6284-6356ns

expecting nifty to mak a lower low till mid noon on monday and from tuesday nifty will trap bears with a good gapup opening

JACKPOT MCDOWELL-N

LOW RISK SUPER HIGH REWARD TRADE:

BUY MCDOWELL-N(UNITED SPIRITS LTD)

NEAR 2355 CASH LEVELS

EXPECTING IT NEAR THESE LEVELS ON TUESDAY

SL BELOW 2330

TRGTS  2725 IN NEXT 15-20 SESSIONS

nifty update

today if ns closes below 6042 then carry shorts for monday

if closes abv 6048 then exit shorts will again do a new trade on monday

all levels are ns levels

NIFTY STRATEGY FOR NEXT WEEK

STRATEGY FOR COMING DAYS

TOMORROW SELL NIFTY ON ANY UPMOVE NEAR 6156-66 NS  RANGE WITH SL ABV 6200 NS

TRGTS 6020-10 RANGE

BUY AGAIN NEAR 6010-20 RANGE FOR TRGTS NEAR 6190-6200

SL BELOW 5970NS