Daily Nifty & Bank Nifty Outlook

[4xpipcounter]

Suresh, it didn't dawn on me until after my 2 posts that I may be barging in on your thread, considering you were the originator. If my posts are upsetting the flow in your thread, then feel free to let me know in this open forum or in a PM. I would not be one bit offended if you told me you were being put out by my posts.

 

[SureshBajaj]

technical views : 08/02/2011


nifty

trend: Consolidate
nifty spot levels:
Supp 1: 5365
supp 2: 5280
res 1: 5460
res 2: 5545
strategy : Sell on high


bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10320
supp 2: 10030
res 1: 10580
res 2: 11730
strategy : Sell on high

 

[SureshBajaj]

Suresh, it didn't dawn on me until after my 2 posts that I may be barging in on your thread, considering you were the originator. If my posts are upsetting the flow in your thread, then feel free to let me know in this open forum or in a PM. I would not be one bit offended if you told me you were being put out by my posts.

Dear Sir

I don't have have any problem if you share your views in my thread....if you have any Query regarding the Nifty,Bank Nifty, u can ask me any time....

 

[4xpipcounter]

I don't trade Nifty, but in sharing my S&R's that evolve from my proprietary formula, and in sharing my views concerning the market, it further validates my methodology, so it is a challenge for me to be accurate.
It' sounds like you are doing well, so keep up the good work.

Dear Sir

I don't have have any problem if you share your views in my thread....if you have any Query regarding the Nifty,Bank Nifty, u can ask me any time....

 

[SureshBajaj]

technical analysis : 09/02/2011


nifty

trend: Consolidate
nifty spot levels:
Supp 1: 5285
supp 2: 5210
res 1: 5365
res 2: 5445
strategy : Sell on high

bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10080
supp 2: 9850
res 1: 10380
res 2: 10570
strategy : Sell on high

 

[4xpipcounter]

The dip today was 5257, just 4 points below my WS2. A strong move on the other side of the WR1 at 5433 will indicate that at least a major recovery has begun. I said previously the dip before the recovery would be 5222, which is the top of the weekly cloud. At this point, 5257 might be it.

Watch for these levels, as they are my S&R's that come from my proprietary formula: 5584, 5490, 5433, 5318, 5261, 5167.

As far as this week is concerned, look for the market to begin this week in the pullback mode. I'm looking for at least my WR2 at 5490 to be hit this week, if not even a further pullback to the WR3 at 5584. After this correction is complete, then it will get back on its journey south to the 5222 target area. Once that point has been hit, that will contain for the medium term interim, and the correction will be the strongest in magnitude since the DOWN began.

 

[SureshBajaj]

technical views : 10/02/2011

nifty

trend: Bearish
nifty spot levels:
Supp 1: 5215
supp 2: 5130
res 1: 5290
res 2: 5370
strategy : Sell on high


bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10030
supp 2: 9850
res 1: 10380
res 2: 10570
strategy : Sell on high

 

[4xpipcounter]

This will be interesting, as if I am interpreting you right, you are saying to sell at 5290 or 5370. If we get to the latter, then thing is long gone, and the UP is well in progress. Momentum is giving out on the DOWN, we came within 2 points of hitting the top of the cloud, there was a clean spike through my WS2 ,and then a close above it.
I respect your work and the effort you put in to provide for the viewers of your thread. I'm just giving my input.

technical views : 10/02/2011

nifty

trend: Bearish
nifty spot levels:
Supp 1: 5215
supp 2: 5130
res 1: 5290
res 2: 5370
strategy : Sell on high


bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10030
supp 2: 9850
res 1: 10380
res 2: 10570
strategy : Sell on high

 

[SureshBajaj]

technical views : 11/02/2011


nifty

trend: Bearish
nifty spot levels:
Supp 1: 5215
supp 2: 5130
res 1: 5290
res 2: 5370
strategy : Buy on dips

bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10030
supp 2: 9850
res 1: 10380
res 2: 10570
strategy : Buy on dips

 

[sanjosedesi]

technical views : 11/02/2011

nifty

trend: Bearish
nifty spot levels:
Supp 1: 5215
supp 2: 5130
res 1: 5290
res 2: 5370
strategy : Buy on dips

bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10030
supp 2: 9850
res 1: 10380
res 2: 10570
strategy : Buy on dips

Same as yesterday? Does that indicate bottoming?
Sorry just noticed that the numbers are same, but the strategy is different.