iCharts Discussions

[r.dibya]

Before as i told --nifty may fall from 4580 level to 4480/4400/4280 level . we almost achieved 2 nd trg.

see nifty fall below 4400 but strong support near 4330-50 level , in 1 hr. chart shows nifty is trading below support trend line but closing above strong support trend line ( 4330-50).

so nifty's strategy --- buy near 4330-50 tgt. 4430-50 level.

i think nifty can trade within 100 to 200 points for this week.

nifty will show sell sell sell sell sell to 4200/3900 level but cann't cross the 4330 level .

china index--- support near 2750.,DOW SUPPORT ---9080 ,COMMODITY IS TRADING NEAR SUPPORT ,CRB INDEX IS IN NEAR SUPPORT

SO OVERALLY ----BUY ON DIPS .

CRUDE SUPPORT---3250--3100 ( BUY BUY BUY BUY)
COPPER SUPPORT -----285-92 (( BUY BUY --TGT. 300/305/311)
ZINC----84-85.50---TGT. 92 SUSTAIN ABOVE THIS LEVEL TGT. 110.
LEAD ----BUY 84-86 TGT. 91/97

[r.dibya]

nifty may break strong support line near 4380 , trading below this level bearish till 4230 level ( 61.8%) . so watch this level

if nifty close this level ----short ---ster @cmp sl 635 tgt. 580/560/540 ( buy near 561 level)
short --reliance @cmp sl 1965/70 tgt. 1860

exit in copper (((( i think copper may take resitance near 304-6 tgt. 289/77/75))).

[r.dibya]

nifty may bounce from this level to 4550

because strong support of nifty near 4370-80-----but nifty wouldn't close below this level, ithink nifty will rise by tomorrow sl 4350 .

before creat short ---wait for 2 days ( watch 4370-80 level)

china index closed near 2765( strong support ),CRB Index close near support

buy nifty sl 4350
ster,reliance,tatasteel

[r.dibya]

as i told today's afternoon----cover all short position due to we r in strong support and international market also.((( china index)

nifty may bounce from this level to 4600-50 in this expire and may touch 4700

so we will see 4700 , after touch nifty may come back to 4550

so important thing is that ----crude will give support to all the market in this point. as well as metal sector also.