iCharts Discussions

[sraj]

WORLD MARKETS

Due to Americans bad close other world indices are doing in down side with volatile, following this our market may also do the gap down and it may try to do volatile trades. As of now technically nifty spot has good support around 5504, 5495, below this levels next major support is around 5465 to 5460. Same as some resistance are may be around 5545 to 5555

NIFTY SPOT TODAY

Today if nifty spot holds 5504 to 5495 then it may try to move up towards 5545 to 5555 and +, same as if it breaches 5495 strongly then it may go down as per today's levels.

Same time 5465 to 5460 is an another important strong technical support, if it breaches this too then some selling pressure may come as per today's levels, if so we can concentrate on short sell with proper s/l

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5445 TARGET 5554 TO 5556, 5565 TO 5568, 5577, 5591

NIFTY SPOT BELOW 5504 TARGET 5495, 5478, 5466 TO 5463, 5422, 5424, 5320

THANKS
SARAVANABALAJI S

[sharemuthu]

Thanks for giving those levels. It is very useful

[sraj]

sharemuthu,

WELCOM.

t.chatterjee,

S THIS ONE IS VERY IMPORTANT CHANNEL RESISTANCE, EVEN IF IT GET BREAKS WE DO NOT TAKE AS FRESH BREAK OUT, BECAUSE WE HAVE ANOTHER BIG CHANNEL RESISTANCE AROUND 5780 TO 5800+,

[sraj]

WORLD MARKETS

World markets are doing with volatile; this will reflect in our market too, even though 5527 or 5498 may act as good support for nifty spot, same as 5556 may act as strong resistance today…

NIFTY SPOT TODAY

Today if nifty spot holds 5527 then further up move may possible towards 5556, and if it sustains above 5556 for a while strongly then we may expect 5588 easily. Same as today if it breaches 5527 then this may be the first sign for continues down move.

Even though we can expect some easy down move only below 5498 and it may move towards 5477, and again one more important support is there around 5464 to 5460, suppose if spot breaches 5460 strongly then next down move may also be strong as per today's levels.

We have few more days for expiry, in this situation believing of technical levels may give some confusion and nervousness, take care. General this expiry may have chance to end around 5588 TO 5555 or around 5500 TO 5464

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5536 TARGET 5555 TO 5565, 5576, 5588, 5602

NIFTY SPOT BELOW 5527 TARGET 5520 TO 5518, 5508, 5491, 5481 TO 5477,5464, 5418, 5304

THANKS
SARAVANABALAJI S

[sharemuthu]

sir i m having short position on nifty . what is your call for nifty today
will u prefer short on nifty ? shall i keep SL arond 5555 level on nifty future? reply plz

[sraj]

WORLD MARKET

World markets are doing with volatile this may reflect in our market too…

NIFTY SPOT TODAY

Today if nifty spot not able breaks 5557 and 5561 then further down move may possible, towards 5521, same time volatile may control the market for further 2 days. Today if nifty spot breaks 5561 then further up move may possible towards 5575 and 5588, day after tomorrow is expiry take care

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5561 TARGET 5578, 5588, 5620

NIFTY SPOT BELOW 5537 TARGET 5521, 5512, 5508, 5500,
5489, 5475, 5471, 5459, 5433, 5419, 5404, 5337

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKETS

World markets are showing good volatile moves, this may reflect here also. Tomorrow expiry day, so volatile move, s/l hit these are all happen often, we may not avoid this mischief so avoid market or be bold

NIFTY SPOT TODAY

Today 5489 may act as good support level, even below this level there are some another good support levels are there like 5475 to 5472 and 5463 to 5459, nifty has chance to move up from any one of these levels.

Next if nifty spot breaks 5516 then it may try to move up and there are some resistance around 5541, 5559 to 5565, if these levels get breaks then further up move may possible towards 5590 to 5600

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5516 TARGET 5532, 5540, 5547, 5560 TO 5565, 5584, 5592

NIFTY SPOT BELOW 5489, 5472, 5463 TO 5459, 5432, 5417, 5400, 5331

SCRIPT TO WATCH

ABB

Buy around 760 to 755 s/l 749 close target 795, 805, 820, 835, keep s/l- positional call

THANKS
SARAVANABALAJI S

[sharemuthu]

thank u sir for abb

[sraj]

sharemuthu,
welcome

[sraj]

WORLD MARKETS

World markets are doing with volatile, today 5430 to 5400 may act as strong support, and 5478 may act as first resistance

NIFTY SPOT TODAY

Today if nifty spot breaks 5478 then further up move may possible and if it try to close above 5523 then we may expect further up move towards 5565, 5590 in coming days,

Same as today if it breaches 5476 then we may expect some down fall as per today's levels, As of now the levels 5430 to 5400 may act as strong pattern support for nifty spot, so expect some up move from here,

Same time if it breaches this levels strongly then next support is at 5370, 5345, so we may expect strong down move only the consecutive close below 5345, in up side 5630 may be the strongest resistance.


NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5478 TARGET 5490 TO 5496, 5508, 5523 TO 5528, 5541, 5569, 5589

NIFTY SPOT BELOW 5476, 5463, 5455, 5446, 5437, 5416, 5406, 5400, 5379, 5465, 5313, 5280

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKETS

Due to finest close in American’s and current good starting in their future all other world markets are in hopeful. Today our nifty may have good support around 5391 to 5410, and some resistance may be around 5466, 5480, and 5536

NIFTY SPOT TODAY

Today if nifty spot holds 5391 then there may be a bright technical chance to move fast towards 5440, so here we may expect some good gap up open, today 5480, 5536 are the strongest resistance for spot,

Same as today if nifty spot breaches 5391 strongly then we may expect some down fall, even though the levels 5373, 5350, 5330 are the good technical support, we may expect strong down fall only if these levels get breached and it should be closed below 5350 to 5330 for the above for consecutive days with negative impact,

Due to some technical reason we may face some nervous and confuse move in market in coming days up to 5536, so always be perfect with your profit. If nifty spot close below 5350 for 2 days then long term and short term investor may avoid fresh long position and you can book your old longs if you find it with decent profit

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5410 TARGET 5442, 5466, 5480, 5505, 5531 TO 5536, 5570, 5590, 5630

NIFTY SPOT BELOW 5391 TARGET 5373, 5350, 5338 TO 5331, 5311, 5270, 5250, 5220

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKETS

World markets are in red with nervous, due to this we may expect some gap down here, following this 5375, 5366, 5348 may act as supports, and 5418, 5442, 5465 may act as resistance

NIFTY SPOT TODAY

Today if nifty spot breaks 5418 then further up move may possible towards 5442, if continues then next possible target may be around 5465, this level may act as strong resistance, same as for past two days it self nifty is giving some sign with technical channel break down for further down move towards 5220.

Even though Technically the first sign for any bear trend; means, break down the higher bottom is still not happen, it may happen if spot breaches 5340 strongly, after it happens spot may come down towards 5220 and ++,

So as of today 5465 looks some strong resistance, suppose if nifty spot try to move up then you can concentrate on sell (around 5442 to 5465) with first target of 5350 to 5322, below 5320 nothing to worry it may come down slowly towards our target,

Suppose if nifty spot breaks 5465 then up move may possible, but technically I don't find strong strength full up move, and today 5375 may act as support in open phase..


NIFTY SPOT TODAY'S LEVELS


NIFTY SPOT ABOVE 5418 TARGET 5437, 5445 TO 5448, 5458, 5462 TO 5465, 5478, 5506

NIFTY SPOT BELOW 5416 TARGET 5400 TO 5395, 5387, 5377,5366 TO 5362, 5348, 5322, 5299, 5280, 5236, 5174

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKETS

World markets are doing with volatile, today 5425, 5438, 5445, 5453 may act as strong resistance and 5396, 5373 may act as good support

NIFTY SPOT TODAY

Today if it breaks 5426 then further up move may possible, even though 5437, 5445, 5453 these are the levels which have rights to give resistance today, same time if it breaks all the above levels; technically there may be a chance for 5510,

But we don't find any strength full straight up move, instead of that some volatile based move may be there. Same as today if nifty spot not able to breaks 5415 then this may be the first sign for continues down move and if it breaches 5396 then further down move may come as per today’s levels,

Today 5373 may give some good strength full buy power to spot, if not further down move, if takes then further up move may come towards 5415, 5450

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5403 TARGET 5415, 5426, 5437 TO 5439, 5444, 5450 TO 5453, 5463, 5475 TO 5477

NIFTY SPOT BELOW 5396 TARGET 5383, 5373, 5359 TO 5354, 5338, 5325 TO 5321, 5300, 5267, 5210 TO 5200

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKETS

World indices had a good open but now they are doing volatile in up side, reflection of this we may have a nervous full open, even though if breaks 5510 then it may move up as per today's levels, and 5480 may act as good support, below a detailed post is there about how nifty spot is doing in last 2 months

NIFTY SPOT TODAY

Today if nifty spot breaks 5473 then further up move may possible as per today's levels, same as after breaks 5500 in up side if nifty spot breaches 5480 strongly then we may expect some down move towards 5423 slowly,

Generally nifty spot is moving in a same style for the last 2 months itself, means from the month of August nifty always taking the bottom support in a same levels when ever it came down, means still now three times nifty took the bottom support in the same level of 5350 to 5340 with the help of a trend line

Each and every time when nifty was taking the support around these level it had done a new high, another an important thing is every time nifty taking the resistance in up side on the top of a raising trend line,

This time it took support in the same around 5348 and going up, means 4th time nifty was taking the support in the same place, if so nifty will do the same what it did before?

Means will nifty do new high? Means will it move to the top of the raising trend line? Now the raising trend line resistance or top is around 5590 to 5600, so will nifty hit 5600 soon?

OR it may try to turn back from the top (5510 to 5530) of the second shoulder of the head & shoulder pattern (which is forming now) and will try to break down the neck line of 5340 to move down towards 5150?

Nifty spot may take any style of the above two, but we may understand the style which it will pick up by watching the nifty’s move in the levels of 5510 to 5530, please have a look of the below picture


NIFTY SPOT TODAY'S

NIFTY SPOT ABOVE 5473 TARGET 5499, 5510, 5521, 5530, 5537, 5547 TO 5550, 5568, 5585

NIFTY SPOT BELOW 5463 TARGET 5454, 5440, 5426, 5411, 5390, 5382, 5363, 5337, 5265

THANKS
SARAVANABALAJI S

[sharemuthu]

nice one thank you brother for those levels especially u explaind with graph that was very useful for newbie like me