iCharts Discussions

[sraj]

WORLD MARKET

Some nervous is going on in world indexes, reflecting this 5215, 5196 may act as good support for nifty spot, below this level down fall may come slowly, and 5257 may act as resistance in up side

NIFTY SPOT

Today if nifty spot breaks 5257 then further up move possible, and the up move may have thin and flat trade up to 5280, and this 5280 may act as strong resistance too, we can think about further up move only above 5280,

Same as today if spot breaches 5233 then further down move starts, even though 5215 and 5196 may act as strong support, below 5196 nifty spot may come down slowly towards 5160, 5120, 5070 in coming days, if so we have to take care of our long position

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5257 TARGET 5272, 5280, 5341, 5365, 5380

NIFTY SPOT BELOW 5233 TARGET 5215, 5196, 5175, 5166, 5145, 5115

THANKS
SARAVANABALAJI S

[sraj]

NIFTY SPOT

Today if nifty spot holds 5263 to 5257 then it may get some strength to move up further, same time 5338, 5355 may have power to give resistance in up side, above this levels further continues move may go on, same as today if it breaches 5257 then down move may start,

Even though that move may do with flat, thin and with mild volatile, if so that may tension full, so understand the situation and then trade, yesterday we did long above 5248 with target of 5303, 5345, and we did short below 5325 with target of 5270, 5220,

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT IF HOLDS 5262 TO 5257 THEN UPSIDE MOVE POSSIBLE UP TO 5338 TO 5340, 5355, 5381, 5402

NIFTY SPOT BELOW 5257 TARGET 5226, 5186, 5163, 5144, 5116, 5105

SCRIPT TO WATCH

MM

Buy around 505 to 508 target 518 to 520, 540, 555, 570 , s/l 500

THANKS
SARAVANABALAJI S

[raghva]

Abb is going down very much after your recommended level.What you suggest?

[sraj]

raghva,
we gave a buy call in abb on 21-04-10, on that day it did not break our rate, we gave to buy above 865, at open it did 866 as high, it did invisible trade, did you buy?!, if so you r gr8, ok if u had bought at that 866 then you have to keep the s/l as 859, on that day it self it did s/l if u bought, as per us this is not a buy call, on 22 of april it came again and did 872 as high, our buy levels may change daily, means on 21 april in abb our buy above rate is 865, on 22 our buy ab rate is 873, so as of us, still abb does not have break out, same time if had bought then our s/l for traders 859 and s/l of positional trader 850 had triggered, still do u have question ask me

thanks
saravanabalaji s

[satti201]

Hello Balaji,
I trade mostly on your trading levels. They are fantastic and would like to request you to continue poosting the trading levels as you do.

Thank you so much,
Satya

[sraj]

WORLD MARKET

Here some fear is going on due to Fridays down fall in Dow Jones, even though 5215 may act as good support for spot, below this level bulls may get some struggle, and 10950 is the strongest support for Dow Jones, below you will detailed post about nifty spot

NIFTY SPOT

Due to my illness I got long distance with market, so we will see some detailed deep analysis about nifty to understand current situation of it, as shown in the picture below, nifty spot moving in between two channels, in this nifty spot being traded in the upward rising channel’s support levels,
Last week nifty spot had a chance to come down up to 5160, even though it took support and came back on Thursday from this channel's support area of 5200, and continually it is moving up or holding the channels support levels, now this channels support levels comes around 5225 to 5215, suppose if there may be a chance to breach this level on closing basis,

There may be a chance for further down fall above 300 points from this level, same time in nifty spot there is a formation named downward sloping inverted hns, and this pattern will get break out only above 5320, following this some indicators shows some positive signals too, so we can comes to some conclusion due to the above details,

If you are a risky one! then you can wait and watch the 5225 to 5215 levels in nifty spot, if there is any positive bull back, then you can use it with s/l of 5215 on close, same time nifty spot may get full strength if it breaks 5320 (invert hns),

Next channel has support around 4850 and resistance around 5520, ok lets comes to today situation, today if spot breaks 5284 then further up move possible and 5309 to 5320 may give some resistance, same as below 5276 it may move down and 5220 to 5215 may act as good support , below this level further down fall may come as per today’s levels

NIFTY SPOT TODAY'S LEVELS

Nifty spot above 5284 target 5301 to 5310, 5318 to 5320, 5332, 5342, 5395 to 5400, 5440, 5522

Nifty spot below 5276 target 5264, 5244, 5222, 5215, 5187, 5151, 5125, 5115, 5058

SCRIPT TO WATCH

HINDALCO

Buy around 177 to 175 target 187 to 188.5, above 189 target 198 to 200, s/l 173 close - positional call

THANKS
SARAVANABALAJI

[venkkatshiv]

hi mr.balaji I am holding 170 call -in hndalco@7.65.what do U suggest , to hold .Kindly reply.fearful.Thank U. V where missing U for few days pray for ur goodhealth.

[sraj]

WORLD MARKET

Today our market may do well due to positive close in US, even though 5273 to 5275 and 5310 to 5320 may act as strong resistance, in down side 5199 and 5179 may act as strong support

NIFTY SPOT

Today if nifty spot breaks 5238 then further up move possible, same time 5273 to 5275 and 5310 to 5320 may act as strong resistance, as we expect yesterday the chances for return back from 5215 range is getting more strength due to the current situation of world market , even though 5320 level may decide further continues up move towards 5440 and 5520, so 5320 is the key point,

OK now lets see what should happen to nifty spot to come down heavily , if nifty spot breaches 5202 and 5179, then further down fall may come towards 4870,,, Today if nifty spot breaches 5219 then further down fall may come slowly towards 5204 TO 5199, 5179, 5138, same time each and every levels may act as good support too

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5238 TARGET 5248, 5259 TO 265, 5272 TO 280, 5303, 5323, 5342

NIFTY SPOT BELOW 5219 TARGET 5204, 5199, 5138, 5123, 5112, 5082, 5060

SCRIPT TO WATCH

HERO HONDA

Buy above 1950 Target 1963, 1974, 1992, s/l 1940

Sell if not break 1945 or sell bl 1940 (after breaks 1950) Target 1890, 1884, 18870, s/l 1950

YESTERDAY CALL HINDALCO

Keep s/l 169 if you have position

THANKS
SARAVANABALAJI S

[sraj]

venkkatshiv,

FOR HINDALCO KEEP S/L AS 169.5, AND TODAY IT HAS CHANCE TO MOVE UP FAST TO 175, AND SLOWLY IT MAY MOVE TOWARDS OUR TARGET IF MARKET SUPPORT

[sraj]

nifty fut buy ab 5236 tr 5247 to 5248, ab 5250 tr 5285++, s/l 5220 or 5212

[sraj]

reliance ind has some resistance around 1040 and 1048, if breaks 1050 then next tr 1085, if not doubt for further up in ril and nifty tooo

[sraj]

WORLD MARKET

Yesterday As we expect nifty blast in down side to our level of 5138 when our level 5195 and 5179 had taken out, today world index are doing nervous and some important levels had also breached, even though today 5091 to 5089, 5078 may act as good support for nifty spot, and 5151 may act as resistance, if any level get breaks then the move will be on the same direction with fire

NIFTY SPOT

Today the following points are doing an important role for nifty spot, they are 5091 to 5089, 5078, suppose if 5078 breached by nifty spot then further strong down fall may come towards 5006, 4950, 4870, if so you can use it, same as today if nifty spot breaks 5151 then further fast up move may come towards 5230,

If so you have to use the opportunity intellectually in both side when nifty spot try to come around 5151, same time today if 5078 holds up then further up move comes slowly, so today the following two points are very important to watch they are 5078 in down side, 5151 in up side

NIFTY SPOT TODAY LEVELS

NIFTY SPOT ABOVE 5151 TARGET 5230, 5248, 5261, 5271, 5303, 5320

NIFTY SPOT BELOW 5145 TARGET 5111, 5091 TO 5089, 5078, 5006, 4950

SCRIPT TO WATCH

Sell Kodak bank below 723 target 710, 700, 680, 660, s/l 733

Abb has support at 695 to 689

Bhel has support at 2430

THANKS
SARAVANABALAJI S

[sraj]

nifty fut will move up upto 5112 to 5120 only if breaks 5096 to 97, and now it has mild chance to move to 5082 and to 5096

[sraj]

WORLD MARKET

American index Dow has chance to come down to 10650 to 10610 and its doing trade to do that, as of now today our nifty spot has resistance around 5138, 5160, and support at 5056 to 5036

NIFTY SPOT

Today if nifty spot breaks 5138 then further up move may continue towards 5160, and if it breaks and sustains strongly above 5160 then further up move may continues as per today’s levels, same as today if it breaches 5110 then it may try to come down slowly and 5056, 5048, 5036 may act as support today, below this levels it may come down easily,

Generally nifty spot has down side target like 4950, 4850 as per channel pattern, and in up side the following points like 5250, 5270, 5300 may give some resistance, above this levels it may try to move further new high, if not it may try to come down towards our target slowly…

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5137.5 TARGET 5160, 52001, 5209, 5222, 5239, 5249, 5265

NIFTY SPOT BELOW 5110 TARGET 5085, 5060, 5054, 5045 TO 42, 5035, 5012, 4972, 4952, 4900

SCRIPT TO WATCH

GLAXO SMITHKLINE PHARMA

Buy above 1949 target 1959, 1990, 2010, s/l 1940

BANKS LIKE

UCO BANK, INDIAN BANK, ANDHRA BANK, DCB, CUB,

Looks good for long term and and more volume is going on, so buy it on every dips

thanks
saravanabalaji s

[sraj]

venkkatshiv,

EIL :- TODAY IT GOT SPLIT AS 2:1 WITH FACE VALUE OF 10, SO IF ANY ONE HAS 1 SHARE THEN YOU WILL GET 2 EXTRA SHARES, MEANS YOU WILL GET 3 SHARE WITH FACE VALUE OF 10, AND THE FACE VALUE COMES TO RS 5/-, SO AGAIN YOU WILL GET EXTRA 3 SHARE, SO IF ANY ONE HAS 1 SHARE WHEN IT WAS 2400 AROUND, NOW HE WILL HAVE 6 SHARES, TODAY IT CLOSED AT 461 (FREEZE), SO NOW YOUR EIL RATE COMES LIKE 2760, SO NOW YOU ARE IN VERY GOOD PROFIT AFTER GETTING THE SPLIT SHARES,


"Engineers India Limited has informed the Exchange that the Company has fixed May 07, 2010 as the Record Date for the purpose of subdivision of equity shares of Rs.10/- each of the company into equity shares of Rs.5/- each and bonus issue in the ratio of 2:1 (two bonus shares for every one equity share)."

HINDALCO: I GAVE TO BUY AT 175 RANGE WITH S/L 173, ON THE SAME DAY IT HAD TAKEN THE S/L, AND NEXT DAY ALSO I GAVE TO KEEP THE S/L AS 169, ON THAT DAY ALSO I HAD TAKEN S/L,

ANYTHING MR VENKKATSHIV, I HAD ANSWERED FOR YOU SAME QUESTION 3 DAYS B4, BUT YOU ARE ASKING THE SAME QUESTION TODAY ALSO, DID NOT READ?

THANKS
SARAVANABALAJI S