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marthandan · White Belt Joined: 14 Jan 2007 Posts: 26

Here is your Nifty analysis for 26-03-2009.
Nifty 2984.35 which was a very good resistance level from where Nifty slid to 2930 region.
Today 2920 to 2940 levels may once again prove good support level below which Nifty may be taken to 2850 levels.
Market is likely to be volatile since the closing of March derivative contract falls today.
Resistances are 2997,3003,3017,3033,3047,3113,3121,3156,3235.
Supports are 2973,2960,2958,2950,2940,2932,2920,2897,2880,2850,2940.

umesh1 · Brown Belt Joined: 24 Nov 2008 Posts: 1974

marthandan · White Belt Joined: 14 Jan 2007 Posts: 26

Mr.Ramesh,
The levels are got not by calculatation . It is noted from the up and down shown in the charts .Please see Swing trader's notes in his postings,but his method is more refined and he is more experienced than me.
My levels can be taken as alert points to deside while entering new trade or adding stop loss.
Thank you for your query.
regards,
marthandan.

marthandan · White Belt Joined: 14 Jan 2007 Posts: 26

Here is your Nifty analysis for 27-03-2009.
Nifty closed at 3084.35 on 26-03-2009.
Nifty may move up taking the cue from Dow and positive review of US president.
The resistances are 3107,3113,3147,3156,3235,3273.
Supports are 3077,3063,3056,3035,3003,2997,2973,2940

marthandan · White Belt Joined: 14 Jan 2007 Posts: 26

Here is your Nifty analysis for 06-04-2009.
Thank you, my viewers for visiting this site.
Nifty, after a long holiday (03/04/2009 was a holiday due to RAMA NAVAMI) opening today .Nifty closed below 3230 which is a resistance (Nifty went up to 3229).
Today if Nifty moves above 3241 region we may see any upward movements.
Resistances are3225,3230,3235,3241,3270,3325,3490,3500.
Supports are 3200,3190,3156,3142,3055,2998,2940,2920.