iCharts Discussions

[sraj]

WORLD MARKET

Due to American’s up move all others are doing well, even though 5462, 5487 may give strong resistance, and 5450 may give good support for nifty spot today.

NIFTY SPOT

Today if it breaks and sustains above 5462 then 5487 possible, and if it sustains strongly above 5487 for a while, then further good up move possible towards 5542 to 5563.

Same time if nifty spot not able to sustains strongly above 5462 and 5487, or not able to break the above any points incense we may take it as a first sign for bear move,

After doing like this if nifty spot breaches 5450 and if sustains below this range for a while then we may take it as a strength of the bear is increasing and hence we can go for short sell with s/l of the current day high or 5487 which ever is high.

If so nifty spot may try to come down to 5404, 5380 TO 5372, 5337

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5462 TARGET 5480 TO 5487, 5543, 5562

NIFTY SPOT BELOW 5442 TARGET 5404, 5380 TO 5372, 5337, 5327, 5307 TO 5300,

THANKS
SARAVANABALAJI S

[t.chatterjee]

SRAJ SIR, ICHARTS 3 MONTH SPOT NIFTY CHART LOOKS LIKE A CUP AND HANDLE FORMATION,ANY COMMENT?

[sraj]

WORLD MARKET

World markets are doing with mild volatile, if the continues then we may also do the same

NIFTY SPOT TODAY

Due to current situation of world markets here we may expect some small gap up, even though continues up move may get resist around 5495 TO 5520 (+ OR - 20 POINTS), you see the reason in the picture below.

Generally if nifty spot breaks and sustains above these levels on close basis for 2 to 3days ideally then we may expect good up move towards life high. Same time if it gets resistance around these levels then it may try to come down towards the channel bottom support line.

In the picture below, you can see some detail that means nifty spot is moving in a channel for the last few months, in to that it had taken 2 times resistance and 2 times support, now third time it is trying to head the resistance level. So if it close above 5550 strongly then good up move, if it take resistance around 5495 to 5520 then good down move.

Today nifty spot does not have enough strength to move strongly in both side as per technical levels, so expect some volatile move around 5462 to 5420, any side break further 20 to 30 points possible

NIFTY SPOT TODAY'S LEVEL

NIFTY SPOT ABOVE 5461 TARGET 5478, 5488, 5496, 5513 TO 5517, 5422, 5455

NIFTY SPOT BELOW 5446 TARGET 5435, 5425, 5411, 5399, 5353, 5335, 5313, 5300

SCRIPT TO WATCH

CIPLA

Buy around 325 to 324 s/l 323 close Target 335, 345 positional call

t.chatterjee
S, I WILL GIVE U DETAILS EVE
THANKS
SARAVANABALAJI S

[sraj]

t.chatterjee
s, but now this pattern is in to the big pattern of the channel, (5520 to 5530) so after getting break out of this channel, further move will be there, if so this cup with handle will also do well, if not it will not work, if u want more clear, read the following

assume that your friend had met an accident, now he is in hospital, due to admit in the hospital, no one can assume and give assurance that he will be live, after getting the conformation from the doctor and after discharge from the ICU, you can get some assurance,

only after discharge from the hospital all will get assurance that he is ok, so now the cup with handle is like your friend who had admitted in the hospital, after discharge from the ICU, means after breaks and close above 5550 you can get assurance that nifty will move up further, sorry for hard examples
thank u
saravanabalaji s

[t.chatterjee]

thanks for reply sir, now its clear to me tht the cup and handle only a partial assurance,the full confirmation will come only if nifty breaks the channel and closes upper the channel wid good volume, thank you for explanation sraj sir

[sraj]

t.chatterjee,
welcome

[sraj]

WORLD MARKET

Current situation of world markets are doing with mild volatile, this may reflect in our markets too, so better avoid these type of market

NIFTY SPOT TODAY

Today we may have some small gap up due to the current situation of world markets, even though nothing big to say about today's market. Every 10 to 15 points are having the supports and resistances today, so expect a small volatile and flat session today.

5485 may act as an important resistance roll today, above this range next 5530 may act as the strongest resistance level, same as nifty spot has strong support around 5370, if it breaches and try to close below this range then we may expect further 110 points in down side.

So try to book you profit in higher side, technical correction is most needed now, and b4 the correction we have to face these kind of bore market for some more days

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5420 TARGET 5430, 5441, 5453, 5462, 5479, 5485, 5515

NIFTY SPOT BELOW 5415 TARGET 5409, 5398, 5392, 5373, 5353, 5333, 5318, 5296

SCRIPT TO WATCH

ACC

Buy above 838 Target 849, 855, 863, s/l 835, positional and intra call, (s/l for positional is 799 close)

Sell below 835 (after breaks 838) Target 819, 813, 809, 801 to 799, s/l day high

THANKS

SARAVANABALAJI S

[sraj]

WORLD MARKET

World markets are doing mild volatile, predicting the levels of today and tomorrow for nifty is difficult, so let it move as it is and just try to watch the market, even though today 5404 TO 5393 may act as good support and 5445 may act as mild resistance

NIFTY SPOT TODAY

Today if nifty spot holds 5404 to 5393 then further up move possible, and 5445 may act as mild resistance, above this level it may move as per today's levels, generally we all are feeling that our markets are in nervous zone.

Chart patterns and some indicators are also indicating that there may be a falls break out before the correction, so take care, and don't get trapped by market. Same time if nifty spot breaks and close above 5550 for 3 days ideally in positive bias then we may get in to fresh rally, if not the bear will take control of the market's move soon.

So use every rally only for booking the profit and increase your cash level in hand, don't take any position to home due to intra day lose, soon bear may control the market.

Today if nifty spot breaches 5393 then further down fall may come towards 5372 to 5364, and below 5340 it may try to come down to 5270

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5445 TARGET 5461, 5478, 5496, 5508, 5521, 5527

NIFTY SPOT BELOW 5420 TARGET 5404 TO 5393, 5372 TO 5364, 5340, 5270

THANKS
SARAVANABALAJI S

[sraj]

Due to Expiry nifty spot's technical levels may not work properly, so i am avoiding to predict today, the picture below is showing the current situation of nifty, as of this chart picture now nifty spot has strong support around 5370, if it breaches and sustains below this level strongly, then we may expect some down fall towards 5320 to 5310,

only below 5300 we can expect another down fall towards 5260, 5125, same as as of this patterns nifty spot has some resistance around the following levels they are 5495, 5515, 5525, 5550

THANKS
SARAVANABALAAJI

[sraj]

WORLD MARKET

Current situation of world markets are not doing good, showing some nervousness, this will reflect in our market in opening phase, after that there may be a chance for flat and mild volatile session, even though 5380, 5360, 5340 may act as good support, and 5428, 5441 to 5451 may act as good resistance

NIFTY SPOT TODAY

Today if nifty spot breaches 5400 strongly then bear may try to control the market, even though 5380, 5362, 5340 may give good support, below these levels nifty may try to go down further towards 5297, 5260, 5225, but chart picture shows some flat and mild volatile session may come in market today.

Same as if nifty spot breaks 5428 or holds 5380 then further up move may possible up to 5428, 5441 to 5451, this 5441 to 5451 may act as strong resistance, if breaks above these levels then further good up move may come in market, if not then you can concentrate on short selling with s/l of 5451 sustained up side break …

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5428 TARGET 5441, 5451, 5475, 5505, 5549

NIFTY SPOT BELOW 5401 TARGET 5380 TO 5374, 5362, 5348, 5300 TO 5297, 5265, 5225

[sraj]

WORLD MARKET

American future markets are doing well, this will reflect in our market too, even though 5407 may act as resistance, same as 5367 may act as strong support

NIFTY SPOT TODAY

Today if nifty spot holds 5367 then we may expect some up move towards 5380, 5407, if it breaks and sustains strongly above this 5407 for a while, then we may expect further up move as per today's levels. Same time 5475 may act as strong resistance for every up move as per technical.

Same as if nifty spot breaches 5367 then we may expect some down fall, even though we can't expect a sudden deep down fall, there may be a flat and mild volatile down move as per technical. And we should not get excited if there will be a sudden up move towards 5475.


NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5369 TARGET 5380, 5395 TO 5402, 5420, 5430 TO 5437,5450 TO 5456, 5462, 5476

NIFTY SPOT BELOW 5367 TARGET 5348 TO 5345, 5324, 5310 TO 5298, 5265, 5124

THANKS
SARAVANABALAAJI

[sraj]

WORLD MARKET

Due to Americans up move all others are doing well, reflecting this Indian markets may also do the gap up, even though 5480 to 5486, 5530 these are the levels which may give strong resistance to nifty spot.

NIFTY SPOT TODAY

Due to world market's current situation our market may open with gap up, even though 5480 to 5486, may act as resistance, next 5530 may act as strong channel top resistance, suppose if nifty spot breaks and close above 5550 for 2 to 3 days ideally then we may expect strong bull.

So as of now we can take the trading and investment decision with the help of nifty's behaving around these levels (5486, 5530, and 5550). For the past some days it self nifty is moving up, but selected scripts only moving, and spending the time in trading hours is too challenged,

Today after breaking the 5486 if nifty spot try to come down below 5480 (it should sustains strongly below this level for a while) then there is an opportunity to come down towards 5400, don't trade with this, this is an assumption

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5440 TARGET 5472, 5486, 5507, 5528 TO 5535

NIFTY SPOT BELOW 5435 TARGET 5421, 5399 TO 97, 5394, 5385, 5380

thanks
saravanabalaaji

[ridinghood]

thnx 4 updating

regs

ridinghood

[sraj]

WORLD MARKET

World markets are showing some clear less nervous with down move. Today nifty spot has chance to take support at any levels in between 5434 to 5400, in to this 5434 to 5400 there are too many supports, same as the resistance also showing the same thing in between 5451 to 5480, so above 5480 and below 5400 some easy move may come

NIFTY SPOT

Yesterday market did not trade with in our levels or expectation, as of me market had missed the technical up move opportunity up to 5500 and above, it shows the tension and different thinking of markets.

Today if nifty spot breaks 5451 then further up move possible, even though there may be a tight and volatile move up to 5480, we may expect some easy up move only above 5480, even though 5525 to 5535 is the strong resistance as per technical factors.

Same as today if nifty spot breaches 5434 then further down move may possible, even though there may be the same tight and volatile situation up to 5400, and if there will be any sustained move below 5400 then we may expect some down fall as per today's levels, if so you can concentrate on short sell with s/l 5455…

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5451 TARGET 5464, 5476 TO 79, 5483, 5496, 5511, 5525, 5535

NIFTY SPOT BELOW 5434 TARGET 5420 TO 5416, 5408 TO 5400, 5347, 5332, 5321, 5310 TO 5300

thanks
saravanabalaji s

[sraj]

WORLD MARKET

World markets are in up mood, same time we can able to feel some nervousness, so this may reflect in our market too. Generally nifty spot may have strong resistance around 5487 to 5492, 5527 to 5537, and 5550

NIFTY SPOT TODAY

Today if nifty spot moves up above 5469 then further up move possible, and above 5487 to 5492 there may be some easy up move as per today's level. Same time technically we are having some tight resistance in each and every 10 to 15 points after above 5525 and up to 5556.

And we are also having the channels top resistance around 5527, 5537 to 5547, so we have to be cautious if nifty spot breaks above 5525. Same time if it closes above 5550 for 2 to 3 days ideally with strong positive bias then further up move may possible. But in this situation technically can't able to say strongly with 100% satisfaction.

Today if nifty spot breaches 5463 then further down move may come, even though nifty's move may be in flat and volatile style in between 5447 to 5400, we may expect some easy down move only if nifty spot breaches and sustains below 5400

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT 5469 TARGET 5487 TO 4592, 5501, 5520 TO 5525, 5533 TO 5536, 5542 TO 5547, 5556

NIFTY SPOT BELOW 5463 TARGET (5447 TO 5443, 5435, 5428 TO 424, 5412 TO 5409), 5400, 5347, 5329

THANKS
SARAVANABALAJI S