iCharts Discussions

[ridinghood]

the effort u put in keeping ur immensely useful thread updated on a regular basis is highly praiseworthy!
pl keep it alive for the sake of novices like us!

thanx a lot
regs

ridinghood

[bismillah]

can u give us ur method of calculating these levels,
only if u can.
so that we newbie, can also do some usefull work.

[gauravtrader]

Hi sraj

Keep up the good work. I daily take a look at your levels & and use them as benchmarks. Good job .

[aromal]

gaurav trader your post are good

[sraj]

aromal, gauravtrader, bismillah, ridinghood

hi guys thanks for your valuable commends, describe my calculation is not an easy thing, because i am taking this levels with using of 7 calculation, if i will come out with my method then confuse will occur to all, so just use it

thanks a lot once again
saravanabalaji s

[sraj]

NIFTY SPOT

Today if nifty spot breaks 5139 then further up move possible, and we may expect the resistance around 5180 range. Next 5240 may act as strongest resistance area. We can come to some conclusion about nifty's next direction with how nifty spot reacts around 5240 range.

If it takes resistance around this range then we may expect some down fall towards 4960. Same time if it breaks and close above this range strongly and continually then we may expect the up side move up to 5490 range.

Today if nifty spot breaches 5117 then this is the first step for down side move, and it may come down as per today’s levels. Next 5045 is the key point which may decide the strong down fall as of now

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5122 TARGET 5139, 5154, 5169, 5180, 5212 TO 216, 5240 TO 249, 5273 TO 280

NIFTY SPOT BELOW 5117 TARGET 5099, 5085, 5077 TO 5071, 5055, 5047, 4991, 4986, 4963, 4912, 4905, 4800

SCRIPT TO WATCH

TATA MOTOR
Buy above 779 Target 815, 830 s/l 765 positional call

JP ASSOCIATE
Buy around 122 to 119 Target 130 s/l 118.9 positional call

THANKS
SARAVANABALAJI

[sraj]

WORLD MARKET

After the continues up move, world markets are in mild trouble with volatile bias, this will reflect in our market too. Due to this today 5202 to 5197 may act as an important points for spot, details below

NIFTY SPOT

Today if nifty spot breaks above 5202 then some up move may continues, even though there are some levels which may give some strong resistance to spot, they are 5225, 5235, 5249 TO 5259. So if it breaks and close above 5260 then we may expect a strong up move towards 5490 as we saw b4, If not spot may try to come down.

Same as today if nifty spot not breaks 5198 or if it comes down below 5197 from up side then this may be the sign for down move, and we may expect a down fall towards 5125 to 5115 to 5110. On the other side if there is any volatile situation in world markets then we may also face the same.

Generally we have to be careful with our longs. If spot slips below 5110 then a strong fall may come, so take care

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5202 TARGET 5225, 5235, 5252 TO 5260, 5272, 5300

NIFTY SPOT BELOW 5197 TARGET 5153, 5126, 5121, 5115, 5048, 4982, 4917 TO 4915

SCRIPT TO WATCH (FOR RISKY TRADER)

KOTAK BANK

Buy above 774 Targets 781, 786, 792, 798, 810... 840 s/l 768 close positional call

THANKS
SARAVANABALAJI S

[shahhiral]

i have to wipro future short then exit ya hold

[sraj]

shahhiral,

give me full details, about price, and other details

[sraj]

WORLD MARKET

Current status of world market witnesses the continues up move, but if there is a small down move then this will be healthy one to nifty to achieve a new highs. Now we need that, reflecting this today we have strong resistance around 5263 and 5275

NIFTY SPOT

Today if nifty spot brakes 5232 then further up move possible, same time 5263 and 5275 may act as strong resistance. Suppose if these points get broken then we may expect a strong up move towards 5490++.

Same time if nifty return back from these levels, then we may expect a down move towards 5070 and 4980 slowly. And this range (5070, 4980) will give more boosts to nifty to start a journey towards new high. Today 5211 may act as good support, if it breaks then down fall may comes as per today’s levels

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5231.5 TARGETS 5248, 5263, 5275, 5316 TO 5318, 5332 TO 34, 5343

NIFTY SPOT BELOW 5211 TARGET 5202, 5181 TO 79, 5166, 5142, 5121 TO 5118

SCRIPT TO WATCH

JP ASSOCIATES

Buy above 127 Target 129.7, 133, 136, 139, 144, 148 s/l 121, you can buy up to s/l positional call

THANKS
SARAVANABALAJI S

[sraj]

WORLD MARKET

World Indexes are in nervous; reflecting this market may also do the same. Today nifty spot has resistance around 5247; above this level next strong resistance will be around 5275 to 5280. In down side 5201 may act as strong support...

NIFTY SPOT

Today nifty spot if breaks 5247 then further up move may possible as per technical, but today there are too many resistance very near by near, so up side move may give some tension to all traders. And breaking the levels 5275 to 5280 may be an impossible event to nifty spot, even if it tries to move up strongly.

So if there will be any chance to see 5275 to 5280, and then try to do some short trader in nifty fut with s/l of 5280 on close. Same time if nifty spot close above this range with strong strength then it may move towards 5490++.

Today if nifty spot breaches 5201 then further down fall may come as per today’s levels. Generally 5070 to 5080 is the power full level which has good technical reason to give more buy strength to nifty spot. So we may expect a halt of down move around these ranges if it happens

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5247 TARGET 5257, 5269, 5276, 5280, 5289

NIFTY SPOT BELOW 5201 TARGET 5178 TO 5165, 5137, 5116 TO 5111, 5092, 5080 TO 5075

SCRIPT TO WATCH

ICICI BANK

Buy above 885.1 Targets 905, 916, 952, s/l 877

Sell below 877 Targets 869, 866, s/l 883

thanks
saravanabalaji s

[sraj]

WORLD MARKET

Nothing big in world indices, but there is a mild sign for volatile. Today 5303 may act as resistance for nifty spot, and 5270 may act as strong support…

NIFTY SPOT

Today if nifty spot holds up 5270 then further up move possible, and 5290, 5303 may act as strong resistance. If these levels will get breaks, then further good up move possible as per today’s levels. Suppose if it happens and nifty spot if close above 5303 for 2 days ideally then we may expect 5550 with in the next 20 days.

Same time continues up move is giving unhappy to all, and all are expecting some down fall (me too). If so 5110 to 5070 are the good levels to give strong buying strength to spot. Today if nifty spot breaches 5270 then we may expect some down fall towards 5115 to 5113.

Suppose today if nifty spot breaks and breaches the support and resistance levels simultaneously then volatile situation may rule the market, because next week we have expiry

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT ABOVE 5280 TARGET 5290, 5303, 5345, 5355, 5372, 5411, 5480

NIFTY SPOT BELOW 5271 TARGET 5215 TO 5213, 5194, 5183, 5175, 5160

SCRIPT TO WATCH

RANBAXY

Buy above 449 Target 460, 465, 478, s/l 431 positional call

thanks
saravanabalaji s

[Ragupathi]

Any one please tell me any good 5 to 10 shares for Intraday trading, i am a beginner , now am concentrating ICICI Bank, JP Associate, SBIN, Dena Bank, reliance so kindly guide me and suggest me, thank you. :

[sraj]

WORLD MARKET

Current situation of world indexes are showing some volatile move, and this will reflect in our market too, even though 5330 may act as strong support for nifty spot and 5367 is a mild resistance

NIFTY SPOT

Today if nifty spot holds up 5330 then further up move possible up to yesterday high. And if it breaks the yesterday high strongly then we may expect some good up move towards 5402++. Suppose if nifty spot breaches the 5330 then we may expect some down fall as per today’s levels.

But the down move looks just weak as per today’s level, so if there is any situation for down move then it may be with volatile and nervous full. And this is expiry week so take care, as of my technical calculation nifty spot has chance to move towards 5570 in next 20 days

NIFTY SPOT TODAY'S LEVELS

NIFTY SPOT IF TAKE SUPPORT AROUND 5333 (UP MOVE) TARGET 5368, 5402, 5518, 5565

NIFTY SPOT BELOW 5331 TARGET 5315, 5295, 5284 TO 280, 5272 TO 5270, 5256, 5232 TO 5229

SCRIPT TO WATCH

POWER GRID

Buy around 103 to 102, s/l 101 close Target 107.5, 113 positional calls

Ragupathi,
i will tell you soon, but for short term or long term? pls tell me

thanks
saravanabalaji s

[sraj]

WORLD MARKET

Current situation of world markets are in red, following this Indian market may also do gap down. Even though 5280 may act as strong support to nifty spot, below this 5280 next support seen around 5265, 5240

NIFTY SPOT

Today if nifty spot holds up 5280 then further up move possible. Same time if it slips then it may try to come down to 5265, 5240. As of now 5240 is an important strong support, so if slips 5240 then we may expect 5120 soon.

Suppose if nifty take support around 5280 and if try to move up then we may expect 5308, 5325, 5355 TO 5360, and 5400 in up side. Generally tomorrow is the expiry day, so expect huge volatile, and take care

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT IF HOLDS 5280 TARGET 5318 TO 5325, 5350, 5367, 5399

NIFTY SPOT BELOW 5308 TARGET 5280, 5265, 5238 TO 5240, 5212, 5197, 5170, 5120

SCRIPT TO WATCH

TATA STEEL

Good support seen around 478, if hold buy Target 505, 521, s/l 477.9

THANKS

SARAVANABALAJI S