Daily Nifty & Bank Nifty Outlook

[SureshBajaj]

TECHNICAL ANALYSIS : 14/02/2011:clap:

NIFTY

TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5310
SUPP 2: 5230
RES 1: 5370
RES 2: 5450
STRATEGY : BUY ON DIPS

BANK NIFTY

TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10330
SUPP 2: 10030
RES 1: 10570
RES 2: 10780
STRATEGY : BUY ON DIPS

 

[4xpipcounter]

These are this week's S&R's. The WR1 at 5381 has already been hit. It's that level to watch for. When it gets taken out comfortably, price is going to move fast. Also, notice I said "when", not "if". Minimum target over the next few weeks is 5646.

5583, 5458, 5381, 5232, 5157, 5032

 

[SureshBajaj]

TECHNICAL VIEWS : 15/02/2011:thumb:


NIFTY

TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5410
SUPP 2: 5330
RES 1: 5485
RES 2: 5570
STRATEGY : BUY ON DIPS

BANK NIFTY

TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10680
SUPP 2: 10370
RES 1: 10870
RES 2: 11110
STRATEGY : BUY ON DIPS

 

[4xpipcounter]

Notice yesterday's close at 5862, just 4 points above the WR2. Expect a correction soon-- just minor, though.

These are this week's S&R's. The WR1 at 5381 has already been hit. It's that level to watch for. When it gets taken out comfortably, price is going to move fast. Also, notice I said "when", not "if". Minimum target over the next few weeks is 5646.

5583, 5458, 5381, 5232, 5157, 5032

 

[SureshBajaj]

TECHNICAL VIEWS : 16/02/2011:thumb:


NIFTY

TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5410
SUPP 2: 5330
RES 1: 5510
RES 2: 5585
STRATEGY : SELL ON HIGH

BANK NIFTY

TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10780
SUPP 2: 10550
RES 1: 11110
RES 2: 11350
STRATEGY : SELL ON HIGH

 

[4xpipcounter]

I can't correct the original post, but I meant 5462.

Notice yesterday's close at 5862, just 4 points above the WR2. Expect a correction soon-- just minor, though.

 

[SureshBajaj]

technical views : 17/02/2011

nifty

trend: Consolidate
nifty spot levels:
Supp 1: 5460 supp 2: 5410
res 1: 5525 res 2: 5590
strategy : Buy on dips


bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10900 supp 2: 10750
res 1: 11180 res 2: 11300
strategy : Buy on dips

 

[SureshBajaj]

TECHNICAL VIEWS : 21/02/2011:thumb:


NIFTY

TREND: CONSOLIDATE
NIFTY SPOT LEVELS:
SUPP 1: 5410
SUPP 2: 5330
RES 1: 5510
RES 2: 5585
STRATEGY : SELL ON HIGH

BANK NIFTY

TREND: CONSOLIDATE
BANK NIFTY FUTURE LEVELS:
SUPP 1: 10780
SUPP 2: 10550
RES 1: 11110
RES 2: 11350
STRATEGY : SELL ON HIGH

 

[SureshBajaj]

technical views : 22/02/2011

nifty

trend: Consolidate
nifty spot levels:
Supp 1: 5410
supp 2: 5330
res 1: 5510
res 2: 5585
strategy : Sell on high

bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10780
supp 2: 10550
res 1: 11110
res 2: 11350
strategy : Sell on high

 

[SureshBajaj]

technical views : 23/02/2011

nifty

trend: Consolidate
nifty spot levels:
Supp 1: 5410
supp 2: 5330
res 1: 5510
res 2: 5585
strategy : Sell on high

bank nifty

trend: Consolidate
bank nifty future levels:
Supp 1: 10650
supp 2: 10350
res 1: 10930
res 2: 11150
strategy : Sell on high