Nifty Futures Weekly And Intraday Analysis Trend Report

[linkon7]

Now, i think both bulls and bears would be in denial. both thinking markets wont move against them. While the retail is hurting. Most people who built portfolio post election are in 2 minds. Exit or hold. Already portfolio must be down by 10-20%. If we fall to 4050-3800 levels, it'll be like the bear market has resumed. most portfolio will be down 50% and that would hurt retail.

Momentum on the upside is dead. Now buying the dips might back fire. While selling on rally is paying dividends. plenty of cash on the side lines. But are scared to deploy it. dollar is at 49. Global market's rally has ended. World bank says we are not out of the hole. and that info alone caused a global sell off today.

Things are not as rosy as people wished. Are we in denial....?

 

[Nishikant]

Traders Psycology Taken At Task

Nishikant: excellant work...keep it up...

the up move in last 45 min and fall... was it another bull trap as seen in last 2 to 3 sessions?

Cheers,

Heems

HARI OM HEEMZ BRO :thumb:


YOU CAN SAY IT WAS BEAR TRAP IN THE INITIAL STAGES OF TODAY'S INTRADAY SESSION.


4200 WAS BREACHED, SO PSYCOLOGICALLY BEARS WENT ON A RAMPAGE.


TRADERS SAW NIFTY FUTURES TRADING BELOW 4200 AND THEREFORE THEY WENT SHORT.


Mr. NAGENDRA FROM TRADERJI CALLED ME UP AT AROUND 12 IN THE AFTERNOON ASKING WHETHER TO GO SHORT OR LONG.


NIFTY FUTURES WAS TRADING AT 4170.


I TOLD HIM TO AVOID SHORT BECAUSE THE MOMENT 4200 WAS BREACHED THERE WAS A LOT OF SHORT SELLING HAPPENED IN THE MARKET.



I GAVE MR. NAGENDRA 2 OPTION'S. I TOLD HIM TO EITHER GO SHORT AT 4170 AND KEEP A STOP LOSS ABOVE 4184 OR GO LONG AND KEEP A STOP LOSS BELOW 4140.


HE OPTED TO BUY NIFTY FUTURES ABOVE 4202 THE WEEKLY LOW THAT HAD BECOME THE RESISTANCE WHILE NIFTY FUTURES WAS TRADING AT 4170 AND I ASKED HIM TO KEEP A STOP LOSS BELOW 4184.


""""BUT LATER HE CHANGED HIS MIND AND HE BOUGHT RELIANCE CAPITAL WHEN NIFTY FUTURES WENT ABOVE 4202 AND EXITED LONG IN RELIANCE CAPITAL THE MOMENT NIFTY FUTURES HIT 4252""""


WHAT I AM TRYING TO SAY IS, THERE ARE TRADERS WHO TRADED IN STOCK AS PER THE TREND IN NIFTY FUTURES.



""""NIFTY FUTURES INITIALLY TRAPPED THE SELLERS AROUND 4170 AND THEN TRAPPED BUYERS WHEN NIFTY FUTURES HIT 4275""""



IN BOTH THE INSTANCES I HAD "WARNED" READERS AT THE THREAD ABOUT THE PITFALLS AHEAD.



AS PER MY ANALYSIS AT THE THREAD, NIFTY FUTURES FAILED TO CLOSE ABOVE "4280" THE CRUCIAL SUPPORT OF " 4280 " THAT WAS MEANT FOR THIS WEEK.


AND NOW 4280 - 4300 HAS BECOME THE TREND DECIDER FOR THE REMAINING DAYS IN THIS WEEK.




THE ONLY POSITIVE POINT TO NOTE IS THAT NIFTY FUTURES HAS MANAGED TO CLOSE ABOVE 4202 ONCE AGAIN


HAVE A NICE DAY



REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

Nifty Futures Intraday Trend Analysis & Trading Calls For 24-06-09

HARI OM


:thumb:​

NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 24-06-09​

NIFTY FUTURES HAS CLOSED AT 4248.

UPWARD VIEW OF NIFTY FUTURES​

""""4255 HAPPENS TO BE THE FIRST HURDLE FOR TOMORROW""""



NIFTY FUTURES WILL HAVE TO REMAIN FIRM ABOVE 4255 TO MAKE NEW INTRADAY HIGHS.



IMMEDIATE RESISTANCE ABOVE 4255 IS PEGGED AT 4289.



REVERSAL IN TREND IS EXPECTED BECAUSE SELLING IS EXPECTED AT THIS REGION OF 4289.


BUT SUSTAINING ABOVE 4289 WILL TAKE NIFTY FUTURES TO 4317 4348.



4348 IS THE MAXIMUM FOR TOMORROWS INTRADAY SESSION.

DOWNWARD VIEW OF NIFTY FUTURES​

""""4230 IS THE TREND DECIDER FOR TOMORROWS INTRADAY SESSION""""



BULLS WILL REMAIN ACTIVE TILL NIFTY FUTURES TRADES ABOVE 4230.



BELOW 4230 SUPPORT FOR NIFTY FUTURES IS PEGGED AT 4214 4193.



4193 HAPPENS TO BE A CRUCIAL SUPPORT, IF 4193 IS CRACKED THEN NIFTY FUTURES MAY SLIP TO 4178 4155



SINCE 4155 IS TODAYS DAY LOW IT STANDS TO BE AN IMPORTANT SUPPORT FOR THE BULLS AND SHOULD NOT BE BREACHED.



IF 4155 IS CRACKED THEN A FURTHER FALL UP TO 4136 4118 NOT RULED OUT.



4118 IS THE BOUNCE BACK REGION AND NIFTY FUTURES SHOULD HIT BACK FROM 4118.



FAILURE TO HIT BACK FROM 4118 WILL TAKE NIFTY FUTURES TO 4093 - 4080

TRADING CALLS FOR 24th JUNE 2009​

RIL BUY 1988 S/L 1976 TGT 2006 2024 2042 2061 2086 2111 & SELL 1972 S/L 1984 TGT 1955 1938 1900 1874 - 1855



TECHM BUY 750 S/L 740 TGT 762.50 775 790 805 & SELL 736 S/L 744 TGT 726 718 699 683



REL CAPITAL BUY 890 S/L 884 TGT 904 917 929 941 & SELL 882 S/L 889 TGT 875 867 858 850 842 834



GREAT OFFSHORE BUY 416 S/L 407 TGT 423 430 437 445 & SELL 405 S/L 410 TGT 399 393 382.50 372



ESSAR OIL BUY 164 S/L 160 TGT 167 174 & SELL 159.50 S/L 161.50 TGT 157 151



HAVE A NICE TRADING SESSION TOMORROW



GANPATI BAPPA MORYA



HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[samlife83]

hello amolkulkarni.......
its nice to see ur message with a smiley of "hurray"......but honestly.....mujhe tumhara message samajh me nahi aaya....it was like u were toking to nishikant and nobody else is here in this thread (i just want to know what u learned from his suggestions)....can u post that thread in english or hindi?

 

[Nishikant]

Nifty Fut Snapshot

HARI OM

NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 24-06-09​

NIFTY FUTURES HAS CLOSED AT 4248.

UPWARD VIEW OF NIFTY FUTURES​

""""4255 HAPPENS TO BE THE FIRST HURDLE FOR TOMORROW""""



NIFTY FUTURES WILL HAVE TO REMAIN FIRM ABOVE 4255 TO MAKE NEW INTRADAY HIGHS.



IMMEDIATE RESISTANCE ABOVE 4255 IS PEGGED AT 4289.



REVERSAL IN TREND IS EXPECTED BECAUSE SELLING IS EXPECTED AT THIS REGION OF 4289.

DOWNWARD VIEW OF NIFTY FUTURES​

""""4230 IS THE TREND DECIDER FOR TOMORROWS INTRADAY SESSION""""



REGARDS,
NISHIKANT K. HADGE​

​

HARI OM DEAR FRIENDS :thumb:



NIFTY FUTURES INTRADAY LOW AS OF NOW IS 4255



AND THE DAY HIGH OF NIFTY FUTURES IS 4283


AS I HAD MENTIONED IN THE INTRADAY TREND REPORT.



4255 WILL BE THE 1st RESISTANCE AND 4289 IS THE IMMEDIATE RESISTANCE ABOVE 4289



NIFTY FUTURES HAS OPENED AT 4280 AND MADE A HIGH OF 4283, THIS IS SHEER MANIPULATION BY THE ONE THAT OPERATES NIFTY FUTURES.


"""HE OPENED NIFTY AT 4283 THE SECOND HURDLE WAS 4289 THAT I HAD MENTIONED ABOVE 4255""""



4255 - 4230 NOW MAKES A CRUCIAL SUPPORT FOR THE NEXT HALF AN HOUR.



AND 4289 WILL ACT AS A IMMEDIATE HURDLE


HAVE A NICE TRADING SESSION



GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

​

 

[heeemz]

Re: Traders Psycology Taken At Task

HARI OM HEEMZ BRO :thumb:


YOU CAN SAY IT WAS BEAR TRAP IN THE INITIAL STAGES OF TODAY'S INTRADAY SESSION.


4200 WAS BREACHED, SO PSYCOLOGICALLY BEARS WENT ON A RAMPAGE.


TRADERS SAW NIFTY FUTURES TRADING BELOW 4200 AND THEREFORE THEY WENT SHORT.


Mr. NAGENDRA FROM TRADERJI CALLED ME UP AT AROUND 12 IN THE AFTERNOON ASKING WHETHER TO GO SHORT OR LONG.


NIFTY FUTURES WAS TRADING AT 4170.


I TOLD HIM TO AVOID SHORT BECAUSE THE MOMENT 4200 WAS BREACHED THERE WAS A LOT OF SHORT SELLING HAPPENED IN THE MARKET.



I GAVE MR. NAGENDRA 2 OPTION'S. I TOLD HIM TO EITHER GO SHORT AT 4170 AND KEEP A STOP LOSS ABOVE 4184 OR GO LONG AND KEEP A STOP LOSS BELOW 4140.


HE OPTED TO BUY NIFTY FUTURES ABOVE 4202 THE WEEKLY LOW THAT HAD BECOME THE RESISTANCE WHILE NIFTY FUTURES WAS TRADING AT 4170 AND I ASKED HIM TO KEEP A STOP LOSS BELOW 4184.


""""BUT LATER HE CHANGED HIS MIND AND HE BOUGHT RELIANCE CAPITAL WHEN NIFTY FUTURES WENT ABOVE 4202 AND EXITED LONG IN RELIANCE CAPITAL THE MOMENT NIFTY FUTURES HIT 4252""""


WHAT I AM TRYING TO SAY IS, THERE ARE TRADERS WHO TRADED IN STOCK AS PER THE TREND IN NIFTY FUTURES.



""""NIFTY FUTURES INITIALLY TRAPPED THE SELLERS AROUND 4170 AND THEN TRAPPED BUYERS WHEN NIFTY FUTURES HIT 4275""""



IN BOTH THE INSTANCES I HAD "WARNED" READERS AT THE THREAD ABOUT THE PITFALLS AHEAD.



AS PER MY ANALYSIS AT THE THREAD, NIFTY FUTURES FAILED TO CLOSE ABOVE "4280" THE CRUCIAL SUPPORT OF " 4280 " THAT WAS MEANT FOR THIS WEEK.


AND NOW 4280 - 4300 HAS BECOME THE TREND DECIDER FOR THE REMAINING DAYS IN THIS WEEK.




THE ONLY POSITIVE POINT TO NOTE IS THAT NIFTY FUTURES HAS MANAGED TO CLOSE ABOVE 4202 ONCE AGAIN


HAVE A NICE DAY



REGARDS,
NISHIKANT K. HADGE

Thanks Nishikanth for wonderfull explanation...

Cheers,

Heems

 

[Nishikant]

Yes Nifty Futures Reversed From 4283

HARI OM DEAR FRIENDS :thumb:


NIFTY FUTURES WAS SUPPOSED TO REVERSE FROM 4289 BUT IN THE BEGINNING ITSELF IT MADE A HIGH OF 4283 & REVERSED FROM THERE TO MAKE A NEW LOW AT 4226.


RIL HAS DROPPED DOWN BY -1% AND RIL IS DRAGGING NIFTY FUTURES DOWN. YESTERDAY RIL WAS THE ONE TO PULL IT UP.


4230 REMAINS VERY CRUCIAL FOR THE DAY HEAD.


""""UNABLE TO SUSTAIN ABOVE 4230 WILL DRAG NIFTY FUTURES TO 4208 - 4190""""


""""NOW CONSIDERING 4230 AS THE IMMEDIATE CRUCIAL SUPPORT, RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4248 - 4261 - 4289"""""


HAVE A NICE TRADING SESSION.


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[amolkulkarni]

Re: Yes Nifty Futures Reversed From 4283

HARI OM DEAR FRIENDS :thumb:


NIFTY FUTURES WAS SUPPOSED TO REVERSE FROM 4289 BUT IN THE BEGINNING ITSELF IT MADE A HIGH OF 4283 & REVERSED FROM THERE TO MAKE A NEW LOW AT 4226.


RIL HAS DROPPED DOWN BY -1% AND RIL IS DRAGGING NIFTY FUTURES DOWN. YESTERDAY RIL WAS THE ONE TO PULL IT UP.




4230 REMAINS VERY CRUCIAL FOR THE DAY HEAD.


""""UNABLE TO SUSTAIN ABOVE 4230 WILL DRAG NIFTY FUTURES TO 4208 - 4190""""


""""NOW CONSIDERING 4230 AS THE IMMEDIATE CRUCIAL SUPPORT, RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4248 - 4261 - 4289"""""


HAVE A NICE TRADING SESSION.


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

SUPRABHAT SIRJI
mi mininifty 4243 sort keli aahe kay karu hold karu ka cover karu

 

[darshanshukla]

Cup with Handle in 5 mins chart...

Cup and handle formation about to brake...
wish it breaks up side to complete formationa and it formed exactly at nishikants resitent level 4261

 

[alobnok]

It went past 4261 but failed to move up and came down. Does this mean that its going to start downward journey ???

Vikas