iCharts Discussions

[nanchilvijay]

It going to be a Black friday but if the markets are supreme its going to absorb the intradayers shorts and make them cover @ loss so opturunstic traders if your not a dare bear dont short this market you might be tanked in not the market.
Just think dow was low of 600+ pts and closed only 347 pts minus Nse IF circuit is put @ 5% we can expect a sharp bounce back. Niftydown can be 4832.
IF YOUR NOT BEAR DONT SHORT THIS MARKET AND BEAR THE LOSS.

[sraj]

I don’t know what to say today, the gr8 mistake in US market, losing 1000 points with in some minute and got recovered 600 points with in same some minute, what had done in that time, this was shame for American market, and this type of mistake is first time in stock market and we have wait to know the reaction of our market for the above matter,

Today 4945 may act as good support point, below this level 4900, 4814 may act as next support levels, even below these levels! We will face some strong correction and we will see later about that, today the following points may give some buying strength to nifty spot

They are 4814, 4945, 4997, 5005, 5067, 5115, 5229, means if every point taken by nifty in up side then it may move towards to next point, same as the following levels may act as selling support points ,means if nifty breaches every points then it may move towards to next point, they are 5010, 4944, 4900, 4837, 4813,

THANKS
SARAVANABALAJI S

[sraj]

nifty spot has good sup around 5005, 4996, if sustains above this range then it will try to move to 5066, 5115, ab 5115 tr 5229, if not sustains or if it breach 4995 then it may move to 4972, 4945, 4900, 4837, trade on this

[sraj]

WORLD MARKET

DOW future trying to do something good in up side, following this Asians also doing the same, this may reflect in our market in open phase, after that flat and mild volatile may come

NIFTY SPOT

Today 5055, 5088 may give some resistance to nifty spot, sustaining above this level may not lead our nifty to strong bull path, even though we have to concentrate on world indices situation on that time, today if nifty breach 5004 then further down fall may come as per today’s levels

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5020 TARGET 5055, 5063 TO 5068, 5088, 5106, 5113 TO 120, 5128

NIFTY SPOT BELOW 5004 TARGET 4990, 4975, 4951, 4935, 4905, 4889, 4826

SCRIPT TO WATCH

MM SUPPORT AT 505,

SAIL SUPPORT AT 200 TO 197,

DLF SUPPORT AT 282 TO 280

If all the above levels get breache then further down fall may come strongly in all scripts, if it takes support then it may try to move up further, if so use it

thanks
saravanabalaji s

[sraj]

WORLD MARKET

Yesterday we had a finest up move, current situation of world market not witnesses the further big up move, as of now 5216 and 5221 may act as strong resistance for nifty spot, above this level further up move, if not or if it comes down below 5215 from up side then we may expect some good down move.

NIFTY SPOT

Today if nifty spot breaks 5196 then further up move possible, even though 5216 and 5221 may act as strong resistance, if nifty spot breaks these levels strongly then further up move possible up to 5250, 5283, same time if nifty spot not able to break 5216 and 5221 then we may expect some down fall,

In other side after breaks the 5216 and above if it comes down below 5216 then the same down move may come strongly, expect the down move up to 5108, 5066, 5010, so those who are in long position should watch 5216 today

NIFTY SPOT TODAY’S LEVELS

Nifty Spot 5196 Target 5205, 5221, 5242, 5251,5262, 5281

Nifty Spot if not breaks 5216 and 5221 Target 5108, 5066, 5013, 4978, 4888

SCRIPT TO WATCH

UNITED PHOSPHOROUS

Buy above 173 Target 178, 187, s/l 165 positional call

Maruti ab 1300 looks good for intra day

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

Nothing big to say about world market, all are doing volatile, today 5156 to 5180 may give some resistance to nifty spot, and 5118 to 5114 may give support

NIFTY SPOT

Today if nifty spot breaks 5156 then it may face some resistance up to 5180, after breaking of 5180 the move will be nice towards 5205, 5225, 5250, same time if it happens then the move may be with out power, same as today if it breaches 5114 then it may try to move down towards our today’s levels,

Generally today may be a volatile day, so trade with care, and one more thing if nifty spot holds 5118 and 5144 then it may try to move up towards 5156++

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5156 TARGET 5165, 5180, 5203 TO 5205, 5225, 5234, 5256

NIFTY SPOT BELOW 5114 TARGET 5087, 5050, 5033, 5003, 4994, 4988, 4883

SCRIPT TO WATCH

IFCI

Buy above 54 Targets 55, 56, 59, s/l 52.5

Sell if not breaks 54 Target 52.5, 51.5, 50, s/l 54.1

SUZLON

Forming diamond pattern with target of 62,

So Sell below 67 target 62 s/l 70.5

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

Some improvement is in world market, this will reflect in our opening phase, and today 5192 to 5194 may act as strong resistance, same time if nifty spot breaks this points in up side then this 5192 may act as strong support

NIFTY SPOT

Today if nifty spot break 5159 then further up move possible, and 5192 to 5194 may give some resistance, suppose if these points get broken! then further up move may possible towards 5125, and as per today’s levels, and if this move may come that should be due to the current world market situation,

What ever the strength we get from the world market, continues strong up move needs a real strength which should come out from us that technical strength is not visible in our market, even if we have a talented and experienced driver! he can’t drive continues! Because we don’t have much petrol, suppose will they fill it on the move? I don’t know!

Okay lets come to matter, after breaks 5194 if it comes below 5192 strongly, or not able to breaks 5192 then we may expect some good down towards 5116, 5088 +++, so we have to take care around these points, and today also there is a mild chance for volatile

NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5159 Target 5178, 5193 to 94, 5207, 5215, 5230, 5245. 5257 to 5261, 5291

Nifty Spot if not break 5192 to 5194 Target 5116, 5088, 5060, 5041, 5015 to 5010, 4982, 4977, 4941, 4900, 4841

SCRIPT TO WATCH

Buy Axis Bank above 1308 Target 1322, 1335, s/l 1295

Buy Wipro above 685 Target 696, 702, 705, 715, s/l 674

thanks
saravanabalaji s

[rhtbaweja]

hi sraj
thanks for the nifty levels . it really works.
but one question in my mind , how do u calculate these levels?
i appreciate ur valuable comments
regards
rohit...

[sraj]

WORLD MARKET

World markets are in trouble, due to this our nifty spot has resistance around 5195, 5218, and support is at 5167

NIFTY SPOT

Today nifty spot has chance to get resistance around 5195 and 5218, if it breaks these levels strongly then further up move possible as per today’s levels, even though the strength for continues sustained up move is getting weak, and today if nifty spot breaches 5167 then it may try to come down,

Generally some thinking is coming very often in my mind while seeing the intra day move of our market, means our market shows that they are trying to get ready for a big move in down side, so being with good amount in hand is best for now, and this is only for your information that means

While seeing the nifty spot eod chart! 3300 is the best staring level for next 5 years bull run, may be or may not be? but at least we should get some work sheet that what we should do if it happens, so get some amount separate for that event, if so we can buy good shares, if not we will spend it for wife, children or our loves, so separate the money or just try to save it


NIFTY SPOT TODAY’S LEVELS


NIFTY SPOT ABOVE 5195 TARGET 5209 TO 5213, 5218, 5245, 5257, 5271, 5293

NIFTY SPOT BELOW 5167 TARGET 5133, 5121, 5074, 5056, 5025, 4994, 4912

thanks
saravanabalaji s

[sraj]

rhtbaweja,
This is just complex one to describe about the calculation, and i am still working on that to get more accuracy, any way thank u for your interest

[sraj]

WORLD MARKET

Current situation of world market is not good, reflecting this our market may open with gap down, even though 5010 to 4980 may act as strong support today, if it breaches these levels strongly then good down fall may come

NIFTY SPOT

Today 5010 to 4997, 4980 may act as strong support for nifty spot, suppose if these points will get breached by nifty spot then further good down fall may come as per today’s levels, same as if nifty will take support around these area!!

Then further good up move may come and even we can expect this up move up to 5149, technically it has that chance too, so based on this make your trading decision


NIFTY SPOT TODAY’S LEVELS

Nifty spot above 5149 target 5173, 5185, 5200, 5212, 5231, 5295

Nifty spot below 5090 target 5062, 5033, 5008, 4997, 4980, 4955, 4899, 4826, 4774

thanks
saravanabalaji s

[sraj]

WORLD MARKET

Confuse move is going on in world markets, this will reflect in our market and it may give some difficult, irritation to day traders, technically both sides has no strong power, same time current situation of world market during our trading times may decide the strength of our move, so keep eye on that side too

NIFTY SPOT

Today if nifty spot breaks 5066 then further up move may possible, same time up side move may do with slow and flat with mild volatile, and it may be a difficult one to nifty spot to cross 5154 strongly, same as today if nifty spot breaches 5059 then further down move may comes and the moves are as per today’s levels, so trade careful,

Generally our over all market direction is in down trend, but every time in its down move 4950 is acting as a very good support zone, and this is one of the most important level (61.8%) of Fibonacci retrace too, so if nifty spot close below 4950 strongly for 2 days ideally! Then we may expect good down fall,

If not there may be a volatile move in between 4950 to 5250, so make your positional trading decision according to this, buy at low sell at high is also a good one for positional traders, same time must keep s/l as 4950 on close for 2 days

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5066 TARGET 5085, 5094, 5117, 5132, 5154

NIFTY SPOT BELOW 5059 TARGET 5046, 5031, 5021, 4990, 4971, 4954, 4940, 4916 TO 4909, 4895

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

Some nervous is going on in world indexes, suppose if there is any get back! then our market may struck in support area, if not then our market may do with tension, even though 4993 and 4980 may act as strong support, next 4946 is the major support

NIFTY SPOT

Today our market may have gap down open due to the current situation of world markets, suppose if there will be any reversal in world indexes then we may also have some up move, same time the following points like 5013, 4993 to 4981 may give strong support to nifty spot today, suppose if these points get breached then slowly nifty spot may come down, and

As we saw yesterday 4950 (4946) is the strongest support area as per Fibonacci retracement, so only below 4945! Nifty spot may show its real strength in down side, even though we have to act (trade) as per the situation, and we can expect the down fall as per today’s nifty levels, next

Today if nifty spot holds the following points like 5013, 4993, and 4980, or get back from the Fibonacci level (4946) means, we may expect some up move, even though I don’t say it would be a strong one as per technical, even if it comes the following points like 5089, 5103 TO 106, 5113, 5133, 5150 may give strong resistance, based on this make your trading decision

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5071 TARGET 5086 TO 5089, 5103 TO 5106, 5113, 5126, 5133, 5150

NIFTY SPOT BELOW 5055 TARGET 5027, 5021, 5012, 4997, 4981, 4962, 4946, 4900, 4894, 4856

thanks
saravanabalaji s

[sraj]

WORLD MARKET

As of now world markets are in normal mood, this will give us some Independence, so this is the right time to concentrate on good index scripts which had faced good correction with s/l 4800 on close, details are below

NIFTY SPOT

Today if nifty spot breaks 4928 then further up move possible, and if it breaches 4905 then further down fall may come, but 4896 to 4872 and around are the area which may give good support to spot, so chance are more to hold these levels, if breach strongly then the down fall may come as per nifty today’s levels,

IMPORTANT NOTICE:

From last year July it self our nifty spot is moving in the path of a channel, in between this channel nifty had faced 3 times correction and 3 times up move, and in every correction nifty had taken the support around this channel bottom line, you can see this in the picture below, for more strength if there is a 200 EMA with this channel bottom line thaN the reversal up move had done very fast, you can see this too in the picture,

Now this channel bottom line and 200 EMA comes around 4895 range, and it did hold by nifty even in yesterday big correction, so from here it self there is a chance for reversal up move up to 5200 to 5250, above this very good, so those who want to take mild risk can buy selected good scripts which had faced good correction,

Select scripts like ICICI BANK, BHARATI TEL, HERO HONDA, REL INFRA, RIL, TISCO, KARNATAKA BANK, MARUTI, MM, SRI INFRA, LT, UNITED PHOS, RENUKA SUGAR, same time keep the s/l as 4800 on closing basis, if nifty spot close below 4800 then very big correction may come, so keep s/l and buy for momentum profits, see the picture

NIFTY SPOT TODAY LEVELS

NIFTY SPOT ABOVE 4928 TARGET 4967, 4982 TO 4987, 5006, 5011 TO 5020, 5049, 5058 TO 5065, 5076, 5086, 5103

NIFTY SPOT BELOW 4905 TARGET 4896 TO 4892, 4883, 4872, 4823, 4816, 4752
THANKS
SARAVANABALAJI S

[sraj]

Due to the current status of world market our market may do the same, even though 4830 to 4783 is the strongest support points, suppose if these points get breached strongly on close basis then we have to get ready for very big correction, this is general one

Today nifty spot has chance to take support around the following points, they are 4899, 4864, 4835 to 4830, 4803, 4798, 4783, suppose if 4798 and 4783 will get breached strongly then there is no support up to 4677 today, so if it try to close below 4783 then close your all longs which you had bought yesterday

thanks
saravanabalaji