iCharts Discussions

[sraj]

WORLD MARKET

Yesterday American market had closed with flat, current Asian markets are in mild boom, Singapore nifty in nervous, these may give some confuse to our market, even though we can concentrate some points which may help us to predict about next move of nifty, that means above 5145 further up move, below 5085 to 5080 further down move

NIFTY SPOT

Today if nifty spot breaks 5130 and 5145 then further up move may possible up to 5165 to 5176, above this point further up move as per today’s levels, same as today if it breaches 5114 then further down fall may come and 5090, 5085 to 5080 may act as good support, below this level easy down fall may come up to 5040 to 5030 ++,

Generally as shown in the picture below nifty spot moving in the path of channel, based on this top side resistance is at 5132 and previous top is at 5145, above this good for further 30 to 40 points in up side, same as bottom side support is at 5085 and 5080 below this next 40 points may come down, so make your trading decision based on this levels

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5130 TARGET 5145, 5176, 5193, 5200, 5221, 5240

NIFTY SPOT BELOW 5114 TARGET 5091, 5080, 5037 TO 5030, 4992, 4957 TO 4963, 4944

SCRIPT TO WATCH

Daily market is getting struck in up side, in this situation giving call is not good, even though watch the following and do your own research,

SUN TV AB 425, BRFL AB 218, CENTURY TEX AB 531, ATLANDA AB 213

THANKS
SARAVANABALAAJI

[sraj]

WORLD MARKET

Current status of world markets are in nervous mood, so better watch often about them, as of now the points 5162 and 5098, 5090, 5084 may give some struggle to nifty spot for further move in both side, so make your important trading decision around these levels,

NIFTY SPOT

Today if nifty spot breaks 5162 then further up move may possible, even though 5180 to 5185 may give some mild resistance, above this range another 20 to 30 points may comes up easily, same as today if nifty spot breaches 5131 then further down fall may come, even though as we saw before in previous post 5090, 5080 may act as good support range,

So only below this range we will think about down fall, even though today 5098 may give some buying pressure, so concentrate on buying side around these area with s/l of 5080 on close in nifty spot, generally some nervousness may come in market due to world market, due to this expect some volatile move in market, take care


NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5162 Target 5185, 5197, 5214, 5222, 5246, 5257
Nifty Spot below 5131 Target 5120, 5112, 5097, 5084 to 5080, 5051 to 5048, 5034, 5006, 4970

SCRIPT TO WATCH

CAIRN

Buy above 282 (if sustains) Target 287, 295, 302* positional call, s/l 262 close (if chance add more near s/l )

POWER GRID

Has good support around 105.5 to 104, buy near this range with s/l of 104 on close Target 112, 120 positional call

thanks
saravanabalaaji

[sraj]

WORLD MARKET

American index Dow Jones has strong resistance around 10586 and 10600, if it breaks then further 150 points may comes out in up side like 10720, if so our market may also follow this, and if Dow Jones breaches 10500 on closing basis, then it may try to move down to 10360 to 14000,

If so our market may also do the same, today 5166 / 5102, 5099, 5092 are the important points to watch for nifty spot

NIFTY SPOT

Today if nifty spot breaks 5133 then further up move may possible, but there are some resistance around near by near so expect some volatile and nervous move up to 5166, above this level a finest up move may comes out with target of 5227,Same as if it breaches 5092 then further down fall may come as per nifty today’s level,

Generally 5166 may act as strong resistance with the power of channel pattern top resistance, and 5102 may act as channel pattern bottom support, and today 5102, 5099, 5092 these are the important points to watch, there is some chance to recover from these area

NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5133 target 5152 to 5157, 5166, 5182, 5200, 5220, 5240

Nifty Spot below 5092 Target 5059, 5048, 5028, 5012, 5009, 4961

SCRIPT TO WATCH

HCL TECH

Buy above 372 Target 384 to 386, 390 to 392 s/l 363 positional call

thanks
saravanabalaaji

[sraj]

WORLD MARKET

As we expect American index Dow is moving towards our target, same time just 70 points more to reach our target, Today 5225, 5245, 5264 these are the points which may give resistance to nifty spot, and 5198, 5168 to 5163 these are the points which may give support , so this is the time to be cautious in up side! if you have long position,

NIFTY SPOT

Today if nifty spot breaks 5224 then further up move possible, even though some resistance are there around 5245, above this level good for further move but not like yesterday, some nervous and tension may come in up side, so better be profit around these area,

One more thing! nifty spot had fixed the target like 5470 to 5500 soon, but b4 that expect some small correction, so swing trader and day trader get to be cautious, same as if nifty spot breaches 5198 then further down fall may come towards 5168 to 63,and as per today’s levels,

NIFTY SPOT TODAY LEVELS

NIFTY SPOT ABOVE 5224 TARGET 5244, 5266, 5277 TO 80, 5297, 5303

NIFTY SPOT BELOW 5198 TARGET 5168 TO 5163, 5124 TO 5122, 5112,
5107, 5103, 5090,5077, 5042, 5029,4944

SCRIPT TO WATCH

ULTRA TECH CEMENT

Buy above 1124 Target 1154, s/l 1115

BPCL

Buy above 548 Target 555, 567 to 568, 584, s/l 546
Sell below 546 Target 537, 527, s/l 548

thanks
saravanabalaaji

[sraj]

NIFTY SPOT

Some resistance are there in every 20 points in up move, so this will give some volatile and tension full mood to traders, except today we have only 3 days to expiry, this rally is un expected one for short sellers, and they (BIG HANDS) don't want to give good chance to long buyers also,

According to this, they may try to close this expiry around 5130 to 5150 (just an assumption ), and up to next week technical factors may not work proper, so those who are trading with the help of technical factors should take care, because chance are there to hit s/l in both side, and in every up move should be used for profit booking only (not for long and medium traders)

thanks
saravanabalaaji

NIFTY SPOT TODAY’S LEVELS

Nifty spot if holds 5229 to 5225 target 5247, 5263, 5282, 5307, 5313, 5342

Nifty spot below 5225 target 5200, 5195 to 193, 5175, 5162, 5139 to 5137, 5093, 5081

[sraj]

NIFTY SPOT

Today if nifty spot breaks 5264 then further up move possible up to 5282 to 5286, after this every movement may be in nervous and tension full, same as today if nifty spot breaks 5245 then further down fall may come but near by near supports are there so down fall may be in thin and tight range,

Generally today is the day which may give tension and nervous and challenge to the traders, 5209 may act as good support in down fall, and 5264, 5286 may act as resistance in up side, nothing big is there to say than the above,

Banking sectors doing something watch, and Amtek auto taking support around at 165 for the past 3 to 4 months so buy around these area, and when it breaks 190 and around, then the momentum starts towards 220 , 240, s/l 160 on close, this is for positional

Nifty's today level has very near and near support and resistance, it may not use for traders, so i just avoid it today

THANKS
SARAVANABALAAJI S

[sraj]

WORLD MARKET

World market all are in nervous with down move, reflecting this our market may also open with gap down and try to do volatile, this is expiry week so get more conformation before entering in to the position

NIFTY SPOT

Today if nifty spot breaks 5283, then we will think about further up move, if so, next up side move may be towards 5312, same as if it not breaks 5273 in up side, then it may come down as per today’s levels, and 5237, 5192, 5184, 5178, 5155 are the important support zone ,

We all knew that from the last week it self expiry volatile move had started, so we have to be care full with our positions, and the trust worth of the above levels may comes under confusion due to expiry volatile

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT ABOVE 5276 TARGET 5283, 5300 TO 302, 5324, 5345

NIFTY SPOT IF NOT BREAKS 5273 TARGET 5244 TO 237, 5232, 5201, 5183, 5155

SCRIPT TO WATCH

RCOM ABOVE 171, MUNDRA PORT ABOVE 737, APOLLO HOSPITAL ABOVE 741, CIPLA ABOVE 338

thanks
saravanabalaaji s

[sraj]

NIFTY SPOT

Today 5194, 5185, 5163 these are the important points to watch in down side as very good support range for nifty spot, below these points nifty may open the gate for further down fall, same time due to expiry after breaches these points! if nifty spot try move up then the up move may get restricted around 5263, 5283, 5295,

So after breaches 5190 and 5180 if nifty spot try to inching up, then you can go for short (April contract) around these points with s/l of 5295 on closing basis for a day, target for this trade may be comes around 5105 to 5090, if it slips 5090 and try to close below this range for a day, then next down side target for nifty spot is 4875 to 4870,

Same time if it holds up 5190 to 5180 and if it breaks 5283 to 5295 in up side then we may expect good up move, if so you can go for buy with target of 5335, 5370 +++++ (5500 to 5570 soon), s/l for this long view is 5260,

Below i gave 2 chart pictures, one of that is Nifty intra chart, in to that chart picture you can find nifty spot is forming Broadening Bottom Pattern with 3 lower low and 2 higher high, this pattern indicates that if nifty spot breaks 5283 with out breaching the 5180 (today, this level change daily), then very good up side possible up to 5370 ++, so, for next move of nifty we have to watch 5180 as a key point today, watch the chart picture

NIFTY SPOT TODAYS LEVELS

Nifty Spot above 5221 Target 5248, 5263, 5289, 5294, 5322, 5339, 5370 ++++

Nifty Spot below 5177 Target 5163, 5128, 5116, 5111, 5105, 5092, 5087

thanks
saravanabalaaji s

[ManjunathG]

hello sir, you are doing very good work, keep going. Its better if you post nifty future levels with nifty spot. it helps us to know the mkt range.

regards,

manjunath

[sraj]

Mr. Manjunath G
thank u, it has some problem to post nifty fut levels, pls bear with me
thank u
saravanabalaaji s

[sraj]

WORLD MARKET

World markets are in flat mode, today is expiry day, so trade care full, 5255 and 5218 is the deciding point for nifty spot today

NIFTY SPOT

Today if nifty spot breaks 5245 and 5255 then further continues up move may possible, but this move may be like thin and volatile basis, and it has a chance to get resistance around 5288 to 5298 range as we saw in previous post, suppose if it breaks and sustains above these range then further good up move on cards in coming days,

What ever it is! today is expiry, so nervous, volatile, unexpected move might be there, and today if it breaches 5218 then further down fall starts and it may travel as per today’s levels, generally 5196 and 5180 are the important key points which may have the power to decide the further traveling direction of nifty spot, take care

NIFTY SPOT TODAYS LEVELS

NIFTY SPOT ABOVE 5245 TARGET 5255, 5298, 5309, 5347, 5377, 5384, 5414

NIFTY SPOT BELOW 5218 TARGET 5193, 5180 TO 178, 5157, 5142, 5108, 5096, 5023, 4918

SCRIPT TO WATCH

BHARATI SHIPYARD

Buy around 258 to 254 Target 285, 310 to 315, s/l 249 close positional call

thanks
saravanabalaaji s

[venkkatshiv]

[sraj]

[sraj]

WORLD MARKET

Nothing to say good about status of world markets, now we can watch 5265, 5283, 5290 as resistance for nifty spot and 5225, 5170 to 5160 as support levels

NIFTY SPOT

Today there is a chance for nifty spot to get resistance around 5271 to 5283, suppose if it breaks 5290 then further up move on cards towards 5370, for this up move world market must support, but i am sure about world market support, so lets wait and see,

Next 5252 is an important point to watch for further down move, if it happens then 5230 to 5225 may act as next support, and next final and strength full support may comes around 5170 to 5160 range, below this range good fall may come, with in few days our markets will take perfect direction to travel, after that the move will be like perfect river move

NIFTY SPOT TODAYS LEVELS

NIFTY SPOT ABOVE 5271 TARGET 5283 TO 5290, 5319, 5359, 5374, 5395 TO 5400

NIFTY SPOT BELOW 5252 TARGET 5234, 5204 TO 5199, 5179, 5162, 5130, 5088, 5076, 5056, 5026, 4969

SCRIPT TO WATCH

ENGINEERS INDIA (EIL)

Yesterday it got break out for next good up move, if you are interested then buy on every dips around 2450 s/l 2400 on closing basis for 2 to 3 days ideally, target may be towards 5100 very near short term

ARSS INFRA

S/L 900, TR 961, 1050 TO 1070, if it has chance to come down to 916 TO 910 then buy and keep s/l , both are positional call

thanks
saravanabalaaji

[sraj]

NIFTY SPOT

Today if nifty spot holds 5299 then further up move may possible and it has some resistance around 5332, 5362, 5392 to 5402, as we saw b4 in previous posts BROADENING BOTTOM pattern had worked perfect, it came back from 5190 range and now it is in the path of 5375,

As of now nifty has the upper side target like 5375, after this it has a strong resistance around 5400 to 5410 (this level may change daily, I will give it), if nifty spot try to take resistance around these levels then expect some down move from here, if not! Means, if it breaks strongly and sustains perfectly above this level for 2 days ideally in positive mood then we will expect further 200 to 250 points in up side,

Today if nifty spot breaches 5299 then further down fall may come and 5273, 5240, 5199 may possible in the down move, same time 5330 may act as an important level in up side, if nifty spot not able to break this level or after breaks if it comes down below this level then, we may expect some down fall, understand the situation and then trade

NIFTY SPOT TODAY’S LEVELS

NIFTY SPOT IF HOLDS 5299 TARGET 5330, 5346, 5360 TO 5362, 5392, 5402

NIFTY SPOT BELOW 5299 TARGET 5274, 5261,5240, 5195, (OR IF NOT BREAKS UP 5330 (OR AFTER BREAKS, IF IT COMES DOWN BL 5330)

SCRIPT TO WATCH

L&T

Buy above 1670 Target 1690, 1696, 1711, 1732 s/l 1654 (you can use it as positional call too)

Sell below 1654 Target 1633 to 1631, 1623, 1603, s/l 1670

thanks
saravanabalaaji s