iCharts Discussions

[sraj]

sharemuthu,
welcome

[seshareddy]

nice explanation sraj

we c what happens in live mkt i too feels same but taken risky short 5503

if sup 5463 5456 not broken i remove if goes above 5544 i remove shorts


seshareddy

[sraj]

seshareddy,
welcome, s u can do like your idea

[sraj]

WORLD MARKETS

Current situation of world markets will have chance to lead us for small gap up open, today 5473 has chance to act as good support, and 5509, 5522 are having chance to act as resistance

NIFTY SPOT TODAY

Today if nifty spot breaks 5493 then further up move possible, even though we have some slow move up to 5553, above this level we have chance for strength full up move,

Same as today if spot breaches 5473 then we have some further down fall as per today's levels, as per technical today we have good support around 5410, if spot slips below 5410 then further strong down move will come towards 5325

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5493 TARGET 5509, 5522 TO 5526, 5534 TO 5536, 5548, 5553, 5573, 5630

NIFTY SPOT BELOW 5473 TARGET 5463, 5452 TO 5447, 5432, 5417 TO 5410, 5383, 5366, 5325 TO 5319

THANKS
SARAVANABALAJI S

[sraj]

WORLDS MARKET

Last Thursday we had seen about nifty's new high with chart picture yesterday that had done. Now if nifty spot closes above 5600 for 2 days ideally then we can expect 5750 to 5800 soon,

Today all world markets are struggling with volatile move, due to this 5582 will act as first resistance, and 5558 will act as first support…

NIFTY SPOT TODAY

Today if nifty spot breaks 5582 then it will move towards 5602 to 5607, if it breaks these levels and sustains strongly above this levels then we will expect 5750 to 5800 in coming days, same time if nifty spot closes above 5600 for consecutive days then also we will expect the same.

Next today if nifty spot not able to breaks 5582 or after done if it breaches 5580 strongly then we will expect down move, first target will be around 5558, below this level it will move as per today's levels

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5582 TARGET 5602, 5607, 5637, 5678 TO 5685, 5746, 5786

NIFTY SPOT BELOW (NOT ABLE TO BREAK OR IF BREACHES) 5580 TARGET
5558, 5538, 5529, 5514, 5497,5490, 5484, 5479, 5470, 5456,5444, 5432, 5374,5353

thanks
saravanabalaji s

[sraj]

WORLD MARKETS

Current situation of world markets will give us a chance for gap down open, today 5574 will act as support and 5607, 5624 will act as resistance

NIFTY SPOT TODAY

Today if nifty spot breaks 5607 then further up move possible to yesterday's high, if it breaks and sustains above 5624 then we can expect continues up move and it will be as per today's levels.

Same as today if nifty spot breaches 5602 then further down move will come and 5574 will act as first support. If it breaches 5574 strongly then we can expect further down move towards 5548, 5520,

Same time we can’t expect easy down move as well as up move today rather there may be some flat with volatile move,

As we saw yesterday if nifty spot closes above 5600 for 2 to 3 days ideally with positive mode then we can expect 5750 to 5800 soon, if not the chance for down fall will get more strength

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5607 TARGET 5615, 5623.5, 5638, 5654, 5662, 5669, 5680

NIFTY SPOT BELOW 5602 TARGET 5584, 5574, 5548 TO 5541, 5518, 5509, 5494

thanks
saravanabalaji s

[sharemuthu]

Sir would you suggest short on nifty @ 5585 levels

[sraj]

sharemuthu,

not in 5585, below 5560 or around 5625 with s/l of 5635 tr 5520++ this is spot level, we can expect down move only below 5560, but while seeing the option data it is not strong favor for bear as of now (but small chance also there), so if breaks 5630 to 5635 strongly then further up move possible up to 5670 to 5675++

[swetha141reddy]

sraj can you explain how we can analyse option data weather it is supporting bull or bear

[sraj]

NIFTY SPOT TODAY

Today if nifty spot breaks 5613 then it will move to yesterday's high, and if it sustains above 5627 then we can expect further up move towards 5639, 5670 to 5675,

Same as today if it breaches 5598 strongly then we can expect some down fall, same time there is some strong support around 5564 to 5557 and there will be some chance to turn back from these levels,

If so you can concentrate on buying around these levels with s/l of 5557 (strong breaches), for this buy we can take today's nifty spot above levels as targets,

Same as if it breaches 5557 then it will move down towards 5540, 5520+, for this move we can take the level 5627 as s/l, if you feel it is too far, then try to do sell in higher levels around 5625 with s/l of 5627 or with 5 points above,

But if it breaks and sustains above 5627 strongly for a while then it will move to 5639, 5670+, if so reverse your trade,

Generally nifty spot is in the formation of pennant or flag as shown in the picture below, in this nifty is moving in the range of 5627 to 5560, if any level gets breaks then we can expect a 50 to 60 points move on the same side

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5613 TARGET 5619, 5624 TO 5627, 5639, 5670 TO 5675, 5690

NIFTY SPOT BELOW 5598 TARGET 5589, 5577, 5568, 5557, 5540, 5520, 5480

THANKS
SARAVANABALAJI S

[sraj]

swetha141reddy,

ITS NOT EASY TO EXPLAIN HERE ABOUT GETTING SOME CLEAR PICTURE ABOUT NEXT MOVE OF MARKET FROM THE OPTION DATA'S, ITS TOO HARD AND SO MANY THINGS ARE TO EXPLAIN, ANYWAY THANK U FOR UR QUESTION

[sharemuthu]

Thank you sir for your suggestion . Today in nifty future it touched 5711 in flash will it go to that level If it close above 5606 today short position in nifty should be closed tell your suggestion sir.

[sraj]

sharemuthu

same flash move of 5711 had done in Singapore nifty last 2 days b4, now here it had, as of now nifty spot has tr of 5675, and major tr is around 5750 to 5800

[sraj]

WORLD MARKETS

Here we have good open due to American’s continues up move, today there may be a chance for nifty to hit 5675 to 5686, same as 5605 may act as good support.

NIFTY SPOT TODAY

Today if nifty spot breaks and sustains above 5651 then it will try to move towards 5674 to 5686, and if it sustains strongly above 5686 for a while then there will some bright chance to move towards 5725 to 5740 and further towards 5800.

Same as today if it breaches 5636 then it will be a first sign for some bear move, even though we can expect a strong down move only below 5605 if sustains, following that if it breaches 5558 then it will try to move down towards 5500.

Generally nifty spot will have a chance to face strong resistance around 5800, if it breaks and close above this level for 2 to 3 days ideally then we can expect further 200 to 300 points in up side, same as if it comes back from this level then 5350 will act as strongest and final support, any down move will have chance to take a reversal move from here as per technical.


NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5651 TARGET 5663, 5674 TO 5680, 5686, 5725, 5740, 5795

NIFTY SPOT BELOW 5616 TARGET 5608, 5579, 5565, 5558, 5520, 5505

SCRIPT TO WATCH

Hero Honda

Buy above 1740 target 1749 to 1755, 1779, 1795, 1815 s/l 1690 (you can add more up to 1700) positional call

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKETS

Current situation of world markets are in volatile, based on this today we will have a volatile session between 5747 to 5784, sustained move above or below of these level will lead the nifty as per today's levels.

NIFTY SPOT TODAY

Today if nifty spot breaks and sustains above 5784 then strength for further up move will increase. Next the levels of 5810 to 5820 and 5835 to 5845 are important levels which may give some resistance and let the nifty to move down.

Same time if it breaks and close above 5850 for 2 days ideally then we can expect 6510 in coming days, but for this nifty spot should close above 5850 with very strong bull power, if not there may be a chance for further down move,

Same as today if nifty spot not able to breaks 5784 or after gets good up move if it breaches 5780 with sustained move for a while then we can expect a down move as per today's levels

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5784 TARGET 5810, 5818 TO 5820, 5833, 5845, 5881, 6018

NIFTY SPOT BELOW 5747 TARGET 5712 TO 5706, 5693, 5683, 5667 TO 663, 5642, 5620, 5600

SCRIPT TO WATCH

These are all for positional trades, intra traders don't take the targets for intra and buy if it breaks the above rate with good volumes, do you own research and then initiate the trade

ZEE ENT ABOVE 300 TR 317, S/L 290
SESAGOA ABOVE 334 TR 346
IFCI ABOVE 62 TR 68, S/L 57
HPCL ABOVE 540 TR 558, 570, S/L 530 OR 512
BEL ABOVE 1800 TR 1828, 1895, 1920, 1955, S/L 1721
BOB ABOVE 876 TR 915 S/L 862
A BIRLA NOVA AB 911 TR 987 S/L 897
SBIN LOOKS GOOD FOR 3520
REL INFRA AB 1070 TR 1080, 1100, 1130, S/L 1050

THANKS
SARAVANABALAJI S