Nifty - 17Jul2012

~ Nifty has broken both the trendlines.
~ It looks like making a diagonal pattern.
~ Short below 5190
~ Long above 5215-18

BankNifty - 17Jul2012

~ BankNifty seems to be making H&S pattern
~ Support comes @ 10500 (TL)
~ Resistance comes around 10650.

Nifty - 27Jun2012

~ Nifty is at crucial stage.
~ Break of 5090-5094 will give good down move.

BankNifty - 27Jun2012

~ Bank Nifty is forming Head and Shoulder with neckline around 9900.
~ Also the trend line support is there only.
~ If 9900 breaks ... it can give good down move.

SBIN - 27Jun2012

~ Watch for 2100... Below that it can good down move.

Nifty - 21Jun2012

~ Nifty may decide the future trend move today (After US Fed meet).
~ Long above 5144
~ Short below 5100

Nifty - 15Jun2012

~ Trend line from 4770 broken.
~ Taking supports @ 5050 (trend line from 5600 & 50HEma)
~ Resistance @ 5075 (200DSma & 50DSma)
~ Supports @ 5015-5020 (Previous low, 100HEma & 200HEma)

Nifty - 14Jun2012

~ Nifty Shorts below 5105.
~ May head to 5020 (5DLema & previous low)

RELIANCE - 14Jun2012

~ Head & Shoulder formation in Reliance.
~ If trades below 712 => It may head to 689.
~ Stop for short is 717 (Upper trend line)

Nifty - 12Jun2012

Resistance will be 5075.
Support will be @ 5040, 5020, 4987

Nifty - 08Jun2012

~ Hourly divergence might play out.
~ Supports will be @ 4984, 4954
~ If the down-move continues then it may induce divergence in daily too.

Nifty - 07Jun2012

~ Momentum is very strong on the upside.
~ Next resistance levels are @
        5048 (5WHEMA)
        5065 (200DMA)
        5079 (5MEMA)
        5080 (Trend line)
        5096 (50DMA)
       

Nifty - 06Jun2012

~ On 5min time frame looks like 5 wave impulse.
~ Resistances will be 4908 to 4920. (s/r, 10Dsma, 20Dsma, 5Wema, 200Wema)
~ Trendline resistance @ 4935. (No shorts above this)
~ Trendline support @ 4860.

** Watch for BankNifty 9600 for breakout.

Nifty - 05Jun2012

Nifty getting resisted at trend line @ 4854.
Next resistance above is @ 4870.

 

Nifty - 31May2012

Resistance is @ 4971
Below 4946 supports are @ 4908, 4885, 4850

** Note the similar setup in the second chart. Will it be same again?

Nifty - 30May2012

Got resisted at the upper trend line @ 5020.
Broken the upward trend line.
Supports are @ 4954, 4930, 4908

Nifty - 25May2012

~ Weekly channel & Hourly resistance @ 4954 -> No shorts above it
~ Supports @ 4908, 4885, 4853 & 4835
~ Below 4835 may go deep downside -> No longs below it

Nifty - 24May2012

Short below 4830 - target 4800, 4789, 4755, 4728
Long above 4840 - target 4853, 4882, 4908

** Daily stochastic is turning down.
** There is triangle in Nifty and BankNifty 5min

 

Nifty - 23May2012

 ~ Price got resisted @ weekly trend line @ 4954
 ~ Price is trading @ monthly supports @ 4820 (Also 50 month SMA)
 ~ Resistances for the upmove @ 4882 & 4908
 ~ Supports below 4850 are @ 4824 & 4787

Nifty - 22May2012

Long above 4924
Resistances @ - 4938 & 4954

Short below 4908
Supports @ 4976 & 4851

Nifty - 16May2012

Nifty

Resistance = 4954  => Long above this level target 4988.

Support = 4924 & 4908 => Short below this level target 4869 & then 4820.

BANKNIFTY - 16May2012

BankNifty
Resistance = 9340
Support = 9300 & 9270

RELIANCE - 16May2012

Resistance - 689 (Broken support)

TATASTEEL - 15May2012

Short term resistances at 413, 415 & 420.

TataSteel hourly

TataSteel daily

Nifty - 15May2012

Longs only above 4922-4925.
Daily and Weekly trend line resistance @ 4988.

Nifty Hourly

 Nifty Daily

Nifty Weekly

New begining

This blog is an effort to:
~ Bring in discipline in trading.
~ Find out the TREND and swim with it.
~ Avoid trades against the TREND.
~ Know where to ENTER and EXIT/Part-book.
~ Accept the failure and STOP-LOSS.
~ Get rich slowly (As Mr. Ilango says)