iCharts Discussions

[sraj]

WORLD MARKET

Current situation of world markets are in nervous with volatile, reflecting this Indian market may do the same, even though 4924 may act as good support, same as 4980 act as resistance, above this level good up move possible,,,

NIFTY SPOT

Today if nifty spot holds up 4938 strongly! then further up move may possible, and 4980 may act as strong resistance, if this level gets break out with sustained move then further good up move may possible up to 5050+++, same time today 4924 and 4906 may act as strong support level,

Even if these levels get breached then further down fall may come slowly as per today’s levels, this week is an expiry week, and market trying to get back from an important support levels, so both side volatile and nervous full trade may come, so take care, if there is any chance at down side then buy good stocks for positional trade and keep s/l as 4800 close, today may be a volatile day…

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 4938 TARGET 4958, 4980, 5008, 5027, 5047, 5059, 5077,

NIFTY SPOT BELOW 4924 TARGET 4906, 4899, 4887, 4853, 4815, 4800, 4789, 4775, 4646

SCRIPT TO WATCH

ACC

Buy above 869 Targets 883, 888, 906, s/l 857
Sell below 857 Targets 851, 840, 835, s/l 869

Jindal Steel support at 600,
Rel cap sup at 608 to 600
Sail sup at 190 to 189
Sun Pharma sup at 1519

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

World markets are in volatile situation, this will reflect in our market too. And this week we have an expiry, so better to watch the market not to trade

NIFTY SPOT

Today nifty spot if hold 4799 then further up move possible. And 4851, 4885 are the important resistance levels in up side today. if these levels get break out, then further good distance full up move possible.

Same time today if 4799 breached then further down fall may comes slowly. and 4723 may act as strong support. if it breach 4723, then we may expect good down fall. now we will see the details of “what next in nifty spot”.

As shown in the picture below, and as we saw in previous posts, if 4800 get breached “then good down fall may come. “But not yet close below this level". But broken down the channel pattern is broken down only , so as of me if nifty breach the yesterday low and if close below 4800 then we may expect 4100, 3700 soon,

Even in this current situation of nifty, this 4100 and 3700 is a possible one too, but waiting for more conformation is always best of the best in market. even this channel got break down, some indicators shows the over sold situation, see the indicator "adx" in the picture,

In this picture the line red is in top with double top resistance. and it indicates that market will do volatile up move for some days. means market is in direction less move, and other indicator like RSI, STS also not indicate the down fall now,

So expect some small up move, if these event happen, you can use it to exit from your previous long position, and this is my duty to tell you that the chances for 4100 and 3700 is getting more strength, so take care

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 4810 TARGET 4852, 4885, 4905, 4923, 4964 TO 4970, 4978, 5022, 5060,5130

NIFTY SPOT BELOW 4799 TARGET 4768 TO 4760, 4747, 4723, 4659, 4573, 4530, 4445

SCRITP TO WATCH

Zee ent support at 270 s/l 269 tr 280, 290

Wipro support at 624 tr 647, s/l 623

THANKS
SARAVANABALAJI

[sraj]

WORLD MARKET

Current situation of world market is not bad. And it is doing with mild volatile too. so we have to take care. Today 4872 in nifty spot may act as support and 4926 may act as resistance, generally Dow Jones has chance to touch 8000 range in coming days

NIFTY SPOT

Today if nifty spot breaks 4926 then some fire up move may come as per technical. But today our market struck with expiry, so in this situation we don’t expect the technical move in market. Even though we have to keep it in our mind that’s all.

Today if nifty spot breaches 4898, then it may try to move down. Even though only below 4872 we can expect strong down fall as per today’s levels. This is also based on technical. Generally today we may have a good volatile day, trade care


NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 4926 TARGET 4958, 4982 TO 4985, 5011, 5106, 5118, 5158 TO 5162

NIFTY SPOT BELOW 4898 TARGET 4872, 4818, 4814, 4790, 4756, 4623, 4613,

SCRIPT TO WATCH “ONLY RISKY TRADER”

ABB

Buy above 838.5 targets 850, 860, s/l 824

Sell below 824 targets 804, 800, s/l day high

THANKS
SARAVANABALAJI

[sraj]

WORLD MARKET

Due to up side close in American markets, other world indexes have a chance to open in a good manner. Even though 5062 may decide the sustaining capacity of our nifty spot.

Generally nifty spot has up side target like 5106, 5167 TO 5175 as per technical. Today after breaks 5106 if it breaches 5094 strongly then we may expect a deep sudden fall up to 5000

NIFTY SPOT

Today if nifty spot breaks 5005, then further up move may come. today 5062 may give 1st resistance to nifty spot, following this 5094, 5106 to 5116, 5152, 5167 TO 5175 these are the next resistance levels. Generally if there is any good up move in our market, then it could be due to the world market status,

Other than we don’t have a enough strength to move up today. Same as today if nifty spot breaches 5001, then it may try to come down slowly as per today’s levels. And one more thing after breaks 5106, if it comes down below 5094 strongly! then nifty spot may try to move down straight away to 5000, if so take care of longs

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5017 TARGET 5048, 5062, 5088, 5106, 5152, 5193

NIFTY SPOT BELOW 5001 TARGET 4949, 4895 TO 4883, 4856, 4802, 4777,

SCRIPT TO WATCH

AXIS BANK

Buy above 1222 Target 1253 to 1255, 1266, 1273, s/l 1210

TATA MOTOR LOOKS GOOD

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

Current situation of world markets are in volatile mood. So this will reflect in our market too. Today 5020 may act as good support for nifty spot, and 5116 may act as strong resistance.

NIFTY SPOT

Today if nifty spot holds up 5020 strongly! Then continues up move may come. Even though the following points like 5090, 5106, and 5116 are showing the strength to act as strong resistance. Suppose if nifty spot close above 5116 strongly! Then it may try to move to 5175, 5225.

Same as today if it breaches 5020 then this may be the entrance way for some down fall. Even though today we can expect strong down fall only if it breaches strongly below 4978. But for this, we need some support from world markets. So keep eye on that side and take your trading decision based on this,

Generally some thinking like, nifty spot may get some hurdles to cross 5116, lets see what will happen…

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5090 TARGET 5106 TO 5115, 5124 TO 5132, +++ 5167 TO 5175

NIFTY SPOT BELOW 5020 TARGET 5008, 4991, 4978, 4901, 4800, 4757

SCRIPT TO WATCH

JINDAL STEEL

Buy above 659 Targets 665 to 667, 678, 687 to 689, 700, s/l 641

Sell below 640 Targets 626 to 625, 616, s/l 659

thanks
saravanabalaji s

[sraj]

Today 5070, 5106, 5139 are the strong resistance levels for nifty spot. If it breaks all the above levels strongly, then we may expect a strong up move in coming days. Frankly saying 5410 to 5420 may be the up side target. Even though the levels 5210 to 5225 may give some resistance.

Same time, if it comes down after taking resistance around 5070 and 5106, then 4932, 4878 may act as strong support. Suppose if nifty spot breaches and close below 4878 strongly for 2 days ideally, then it may come down to 4600, 4100, 3700, we will see the details soon…
thanku
saravanabalaji s

[sraj]

WORLD MARKET

Current situation of world market is in mild nervous. This will reflect in our market too. Even though 5090 may act as strong support. Below this 5090 down fall starts. Next 5127 may act as resistance, above this level good up move…

NIFTY SPOT

Today if nifty spot breaches 5090, then it may come down as per our nifty today’s levels, and in down side 5008 may act as strong support for nifty spot today. If this level get breached strongly then we may expect some strong down fall. If it will take support around these area then up move possible from here. Now 4777 is the key level which will decide the next further very strong down fall (4100, 3700),

Today if nifty spot breaks 5127, then further up move possible and 5127, 5152, 5170 are the levels which may give strong resistance to nifty spot. Suppose if these levels will get broken and if nifty spot close above 5207 strongly, then we may expect 5420 as we saw yesterday…

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5127 TARGET 5159 TO 5161, 5170, 5277 TO 5280, 5286, 5313

NIFTY SPOT BELOW 5091 TARGET 5077, 5054 TO 5044, 5011 TO 5008, 4907, 4777, 4737, 4717

SCRIPT TO WATCH

TCS

Buy above 770 Targets 777 to 779, 788, 793, s/l 768.5

Sell if not break 770 Target 751, 744, s/l day high

THANKS
SARAVANABALAJI S

[sraj]

NIFTY SPOT

Fall in EURO against DOLLAR made a strong down fall in all world indexes. In this situation American index Dow has a technical chance for 9400. (Some days b4 we had seen about “8000 is waiting for Dow”, this is still going on). Due to the above status, our market may have a gap down and the following levels like 4994, 4968* TO 4965*, 4934, 4924*, 4902** TO 4895** are having perfect technical reason to give strong support to nifty spot today.

Suppose if this 4985 get breached, then some strong down fall is waiting for nifty spot. Same time the level 4780 is the strongest key point for nifty spot which will decide the further direction of its move.

Today if the level 5006 in nifty spot holds up, or if it comes back strongly from the lower levels, then we may expect some up move towards 4960, 4990, 5114, 5135, if so use it.

Some days b4, when this rally had started from 4786, we had seen that this rally will move towards 5130 to 5170, same as on Friday it had achieved and struck on the higher side, so we all finish our longs and freshly we had taken the position in 5100 put at 85 range and waiting for good gains

THANKS
SARAVANABALAAJI

[sraj]

WORLD MARKET

Current situation of world indexes are in confuse, and doing some volatile. This will reflect in our market too. As of now today 4990 may act as strong support and 5036 may act as strong resistance for nifty spot.

NIFTY SPOT

Today if nifty spot holds up 5033 then further up move possible as per today’s level. And today if it breaches 5033 strongly then we may get ready for some down fall. Even though 4990 is the key point for further strong down falls today. If this level gets breached strongly by spot, then we may expect a down fall towards 4915 to 4910.

Even though as per todays below levels, there is some supports in between 4990 to 4910, so watch that and trade careful

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5036 TARGET 5066, 5086, 5099, 5113, 5127, 5140, 5147, 5157, 5220

NIFTY SPOT BELOW 5033 TARGET 4995 TO 4990, (4966 TO 4960, 4953, 4915 TO 4911, 4873, 4856, 4816), 4717

SCRIPT TO WATCH

BHEL (for risky one)

Buy only around 2241 Target 2278, 2293, 2310, 2323, s/l 2238

Sell below 2238 Target 2223, 2211, 2200, 2190 s/l 2241

THANKS
SARAVANABALAJI

[sraj]

WORLD MARKET

Yesterday American had closed with up move. But now their future is not in good position, some volatile and nervous is going on. Reflecting this market may also do the same. Today 4960, 4929, 4910 are the important support and 4993 is the resistance one for nifty spot.

NIFTY SPOT

Today 4960 acts as support for nifty spot. Below this level next major and strongest support levels are 4929 and 4910. In this level there are some important technical factors like Fibonacci 61.8% support, Channel bottom line support, and 200 ema support. So if nifty spot take support around this area or from 4960 you can buy nifty future and some scripts which I give below.

Expect some up move towards 5050 to 5070, above this level good up move will come. Same time 4900 on closing basis in nifty spot is s/l for the above thing. And below 4900 nifty spot may go down towards 4800 to 4775. Today 4993 acts as resistance above this level nifty may move up as per today’s levels…


NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 4993 TARGET 5012, 5029, 5048, 5065, 5072, 5087, 5125, 5164, 5183, 5200

NIFTY SPOT BELOW 4978 TARGET 4960, 4929, 4911, 4880, 4866, 4826, 4805

SCRIPT TO WATCH

BUY TATA STEEL AROUND 425 S/L 409 CLOSE

BUY BHEL AROUND 2243 TO 2238 S/L 2237CLOSE TARGET 2300, 2370

BUY INFOSYS AROUND 2621 TO 2617 S/L 2615 CLOSE TARGET 2740

THESE ARE ALL POSITIONAL CALL, BUY IF NIFTY TAKES SUPPORT AROUND 4929 TO 4910 RANGES AND KEEP S/L AS 4900 CLOSE IN SPOT

thanks
saravanabalaji s

[sraj]

WORLD MARKET

For the past few days itself world markets are with some nervous and confuse to get clear direction, in this confuse situation fishing is a dangerous even for big hands also. So that only confusion is getting more strength. Today 4998 acts as resistance and 4994 acts as support for nifty spot.

NIFTY SPOT

Today if nifty spot holds 4994 then further up move possible, following this 5047, 5080 to 5084 may act as strong resistance. so in the level of 5080 you can close your long position and if you wish you can go for fresh short with s/l of 5080 on closing basis. Because if nifty spot close above 5080 for day with strength full technical factors, then we may expect 5170 to 5200 soon.

So must keep s/l for your short position, and down side target may be around 4960. If this level gets breached then HNS pattern will get break down with target of 4800. Based on this take you trading decision.

Today if nifty spot breach 4994 then further down fall may come. But this down fall looks very strength less, so if it happens, then we may expect a bore and volatile move. Totally today may be a tension full day

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 4998 TARGET 5014, 5044 TO 5047, 5065, 5077, 5084, 5093, 5112,

NIFTY SPOT BELOW 4994 TARGET 4981, 4970, 4955, 4941, 4910, 4899, 4884, 4867, 4833

SCRIPT TO WATCH

TISCO

Buy on dips around 456 to 452, s/l 449 Target 467, 471, 480, 484, above 467 momentum starts to 484

THANKS
SARAVANABALAJI S

[sraj]

STILL NOW I GOT ONLY FEW COMMENDS, GIVE ME UR COMMENDS ABOUT MY POST WHETHER IT IS USE FULL TO YOU OR UTTER WASTE

WORLD MARKET

World markets are marching on up side due to supportive news for EURO from ECB and CHINA. Yesterday itself it had a reflection in our market. Today we may have good gap opening and 5133, 5185, 5225 are the important levels which may give strong resistance to nifty spot, 5055 is support one.

NIFTY SPOT

Due to nifty spot’s close above 5080 (as we saw in yesterday post) we have a bright chance for further up move today towards 5185, 5225, and today if it breaks 5133 then it may happen. Next if nifty spot breaks and close above 5225 strongly, then the momentum may starts towards 5490.

For this event we need some strong support from global markets. Same time if it takes resistance around 5185, 5225, then the old story may repeats, and nifty may come down towards previous low…

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5080 TARGET 5110, 5133, 5185, 5214 TO 218, 5223, 5253

NIFTY SPOT BELOW 5072 TARGET 5055, 5037, 5004, 4995, 4989, 4972, 4957 TO 4953, 4931, 4915

SCRIPT TO WATCH

BHARATI TEL ABOVE 290 TARGETS 300, 303 TO 305, S/L 282

REL CAP ABOVE 686 TARGET 697, 708 TO 713, 737, S/L 680 OR 663

THANKS
SARAVANABALAAJI

[drcashflow]

THIS POST IS VERY USEFUL..i am a regular watcher of this post..thanks for the effort...

[kanaknsdl]

ur levels really works like anything keep up thegood work[/b]

[sraj]

drcashflow,kanaknsdl
thanks for ur commends, these type of commends will boost me to do something, what abot others friends