iCharts Discussions

[sraj]

WORLD MARKET

World markets are doing mild volatile in a positive bias, this may help us and today 5389 to 5385 may act as an important role

NIFTY SPOT

Today if nifty spot breaks 5389 then we may expect some up move, same time if it breaks 5420 then a clean and fast up move may come as per today's levels. And if it not able to break 5389 then this is the 1st sign for a bear move.

Same time today the bear's strength of moving is too lesser than bull's, so if there will be any chance for bear move; then it would be unclear, volatile, and flat move. So concentrate on buying with s/l of 5385

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5389 TARGET 5414 TO 5419, 5444 TO 5447,5478 TO 5484, 5002

NIFTY SPOT BELOW 5382 TARGET 5374, 5360, 5350, 5339, 5323, 5273

SCRIPT TO WATCH

ABB

Buy above 670 Targets 684, 690, s/l 655

Or buy near 656 with s/l of 655, Target 670, 684, 690

Sell below 656 Target 642, s/l 670 - Positional call

CAIRN

Buy above 314 Target 335 to 337, 340, 343, s/l 306 or 298 (above 322 momentum starts) Positional call

THANKS
SARAVANABALAJI S

[t.chatterjee]

sir ur updates and calculations are very useful and it helps us to understand the daily market clearly. for a long time u r doing a splendid work tirelessly. thank u very very much, ur pre market alert has become a part of daily must read for most of us.

[sraj]

t.chatterjee
THANK U AND WELCOME,

[heyalaha]

thankz for the pre chart.....should we stay long?

[nsk1371]

x cellent painful work........ tnx...........

senthil kumar

vriddhachalam

[sraj]

NIFTY SPOT OVER ALL VIEW:

HISTORY REPEATS IT SELF - CHARLES DOW

As shown in the picture; nifty spot had moved tow times in up side and in down side with some same style. We will know some thing about this style with the help of the lines A - A1 and B - B1 and some details which are in the picture. Now third time, nifty is moving in the same style. So we will go deep analysis about this style now.

In the picture the lines A - A1 (772.5, 17%) and B - B1 (724.5, 15.5%) which indicates the up move has some lesser difference between their up move with 50 points, (772 , 724), means first up move (A - A1) had moved up 17% perfectly from the low point (4538.5), same as second up move (B - B1) had moved up 15.5% perfectly from the low point (4675.5), point wise 50 point lesser difference.

If the above things may happen on the third rally (this rally) as per Charles Dow theory we may expect the resistance of this rally around 5455, how? We will see it, now C to C1 up move is going on, the starting point of this 3rd rally was at 4786.5, from this level if we calculate 14% then it comes at 5455. Ok how this 14% comes?

In the last 2 rally nifty spot had lesser difference around 50 points in each rally, percentage wise there was a 1.5% lesser difference in each rally, means first rally A - A1 = 772.5, means 17%, second rally B - B1 = 724.5, means 15.5%, see the difference, point wise 50 points lesser difference, and percentage wise 1.5% lesser difference,

So if this style happens in this time also incense then we can get some clear picture about current rally of nifty spot. So assume this time the same style may control the rally, if so we have to follow the previous.

Now percentage wise we have to reduce 1.5% from the last percentage, if so 15.5% - 1.5% = 14%. So our 14% calculation from the third rally starting point of 4786.5 comes around 5455, means we have to add 670 points from this low, 4786.5 + 670 = 5456.5

Now point wise difference comes perfectly with 50 points lesser than previous points, means this 670 is 50 point lesser of last 724.5 (b - b1 rally, 15.5%), that last previous point 724.5 is lesser than 50 points from first up move points of 774.5. So this 14% gives more relative to the last two happens in the same style. So this time if this style controls the 3rd rally then our resistance comes around 5455 to 5465.

Why this difference comes regularly? suppose of each and every rally starts with higher difference? means A rally starting point was 4538.5, B rally starting point was 4675.5, now this time in 3rd rally means C rally starting point was 4786.5, each starting point of low has some higher difference with each other with above 100 points, due to this it may continues

So this 3rd rally has initiated it rally with the same style, so our assumption of 14% may be comes true, this thing gives more strength because the 3rd rally starts with the same styles, let's see what will happen

Next the channel top resistance comes around 5510, so we have so many chances to get resistance or tops out around 5455 to 5510 levels. So we have to be care full and close our longs when you see the nifty spot above 5455, and increase your cash level in hands, if you want go short in nifty then try it above 5455 to 5510 range with s/l of 5550 on close for 2 days ideally ,

Last few days before we had seen that nifty may touch our target of 5470 to 5550 with in 20 days when it had broken the 5300 level, today is 18th day, so if we have chance for this with in 2 days, then we may get Tops Out soon, may be with in 10 days or more, take care

For coming two days I will be out of station due to my personal work, so I can't able to post for this 2 days,

nsk1371, heyalaha,

THANKS FOR YOUR VALUABLE COMMENDS

Thank u

SARAVANABALAJI S

[heyalaha]

Hi.....
Many many thanks for the graph, logic and specially ur work......i will definitely follow ur logic and too will wait for u to be back and join us ......i too have a feeling that nifty will fall from around 20th onwards....good day.....

[ronak24]

Hi Dear,

Thanks for posing such kind of reseach work for AAM AADMI........

[nsk1371]

dear mr balaji,

how cud v find where nifty wud bottom out as per ur posting.bcos the uptend shown has a similarity of 1.5% or 50+ points , but the down trend
has no such similarity.

5456 level calculated is based on a-a1, b-b1, c-c1? levels.
how did u arrive on 5510, and on what basis 5550 was kept as sl.

kindly take some pain to explain,

tnx,

regards,

senthil kumar
vriddhachalam

[sraj]

WORLD MARKET

American future markets are in nervous, today we have strong support around 5360 for nifty spot, below this level bear may take control, above 5420 bulls may try to do something, details are below

NIFTY SPOT

Today if nifty spot breaches 5360 then we may expect some down fall, and 5308, 5274 are the supportive levels for nifty spot today. If it gets breached then we may expect some deep down fall as per today's levels.

Same as today if nifty spot breaks 5420 then it may try to do something in up side and previous top 5455 may act as resistance. Above this level it may move as per today's levels.

Based on current situation of world markets and our market; one thing is giving some sign, means we have to use all up move to clear our old holdings and increase our cash level in hand, take care

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5420 TARGET 5450, 5457, 5475, 5504, 5550

NIFTY SPOT BELOW 5385 TARGET 5363 TO 5360*, (5338, 5308), 5281, 5274, 5200, 5194 TO 5181

SCRIPT TO WATCH

M&M

Sell below 598 Targets 592 to 590, 562, 552, s/l 608

Buy above 608 Targets 622, 625, 634, s/l 598

ronak24,heyalaha, nsk1371,

thanks for your commends,

nsk1371,
we will do when it necessary, 5510 is channel top (i did mention it, and 5550 is a target of one channel which had broken out around 5303 )

thanks
saravanabalaji s

[t.chatterjee]

ITS NICE TO SEE U AGAIN ,I HV A QUESTION, AS PER TODAY'S POST,HOW THE RANGE BETWEEN 5360 AND 5420 BE TREATED? TODAY WE SAW SOME BULLISH MOVE BETWEEN THIS RANGE, SHOULD WE EXPECT THE SAME THING TO HAPPEN? I MEAN, WAS IT VIABLE TO GO LONG WITH THE SUPPORT OF 5360 AND A TARGET OF 5400???

[sraj]

t.chatterjee,
s, u should use this, strong support means, chance is less to breach this level, if it breached then strong down may come, as of this, you can buy if not get breached this level with s/l of this, and strong resistance level is 5420, if it breaks then further up move, if not then u have to book ur profit or double sell with s/l of 5420

[sraj]

WORLD MARKET

Current situation of world markets are doing with mild volatile, this will reflect in our market too. Due to this 5425 may act as resistance and 5370 may act as support.

NIFTY SPOT

Today 5372 TO 5370 may act as strong support for nifty spot. If these levels hold then further up move may possible towards 5425, if so you can concentrate on buying with s/l of 5370, and it if breaks 5425 then it may have chance to move towards old high (5455), above this 5457 nifty spot may move as per today’s levels. Taking care of our longs when nifty spot is above 5457 is good thing as of now.

Today if nifty spot breaches 5370 then the strength of the bear move may increase and it may come down as per today's levels, if so you can concentrate on selling with s/l of 5425,

In gap up and gap down situation keep the both levels as s/l and targets and do trade against near the particular levels

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5425 TARGET 5455 TO 5457, 5506 TO 5515, 5550 TO 5565

NIFTY SPOT BELOW 5372 TARGET 5358, 5343, 5320, 5312, 5285 TO 5280, 5268, 5260, 5205

SCRIPT TO WATCH

NTPC

Buy above 203 to 197 Targets 210 to 211, 215, 218, s/l 197 close positional calls

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

World markets are moving nice, nothing big problems, if they maintain this, then we will concentrate on buy with s/l of 5360 in nifty spot

NIFTY SPOT

Today if nifty spot holds 5360 then we may expect some good up move towards 5425 to 5427, and if it sustains above this level then further up move possible as per today’s levels.

If so concentrate on buying with s/l 5360. Chart pictures are showing some strength that today there may be a good up move, if so use it

Same as if nifty spot breaches 5360 then we may expect some down move, in down side 5313 is an important support zone, if nifty spot breaches this 5313 then strong down fall may come, take care, use the up move to exit

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5369 TARGET 5425 TO 5427, 5454 TO 5462, 5510 TO 5515

NIFTY SPOT BELOW 5361 TARGET 5323 TO 5322, 5313, 5267 TO 5266, 5255

SCRIPT TO WATCH

RELIANCE IND (RIL)

Buy on dips around 1050 to 1047 s/l 1047 close, Target 1060, 1090, 1100 positional call

thanks
saravanabalaji s

[sraj]

Totally my broadband connection lost from yesterday eve, this post is from my mobile, pls adjust
Today nifty spot important points -
Above 5406 Tr 5420, 5455, 5490, 5510,
Below 5394 Tr 5380, 5360, 5354 to 5340, 5304 to 5298, 5263, 5218
Today expect a bore and flat mkt, if do down trade then 5304 to 5297 is good sup, in opening phase 5380, 5360, is sup levels
by- saravanabalaji s