Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

Ganesh A Rally Of 110 Points Had Already Been Done

Sir,
u mentioned that if "IF IT HAD SUSTAINED ABOVE 4330 FOR MORE THEN 20 MINUTES WITH GREEN VOLUMES, GREEN VOLUMES MEANS BUYING VOLUMES THEN ONLY IT COULD HAD RALLIED UP TO 4350 - 4372 REGION."
Like this it was above 4330 for > 20 m with volumme,So i went long @ 4340,now it started falling..It should have ideally gone to 4370 region rt ??
Let me know wat needs to be done

ganesh

DEAR GANESH :thumb:


IN THE MORNING NIFTY FUTURES MADE A INTRADAY HIGH OF 4335 AND TRIED TO STAY ABOVE 4335.


IT WAS AROUND 11 IN THE MORNING.


SOON AFTER IT MADE A HIGH OF 4335 IT REVERSED, AND IT REVERSED SO SHARP THAT IT CRACKED 4295 - 4303. THE TREND DECIDER FOR DAYS TRADE WAS 4295 - 4303.


AFTER BREACHING THE TREND DECIDER IT WENT DOWN TO BREAK THE CRUCIAL SUPPORT OF 4260 THAT WAS THE YESTERDAY'S DAY LOW.


NOW OVER HERE, SINCE 4260 YESTERDAYS DAY LOW WAS BREACHED DURING INTRADAY TODAY. A LOT OF SHORT SELLING STARTED.


AND A NEW DAY LOW OF 4240.60 WAS DONE.



""""IT IS KNOWN THAT IF ANY STOCK BREAKS ITS PREVIOUS DAYS LOW AND TRADES BELOW IT THEN IT IS CONSIDERED TO BE BEARISH. BUT IF THE SAME STOCK ONCE AGAIN MANAGES TO TRADE ABOVE THE PREVIOUS DAY LOW AND IF THE VOLUMES AT THAT TIME ARE BUY VOLUMES OR GREEN VOLUMES THEN DEFINITELY IT IS GOING TO TRAP THE SHORT SELLERS"""""


THE SAME HAPPENED TODAY. IN TODAY'S SITUATION NIFTY FUTURES DID NOT ACHIEVE THE IMMEDIATE TARGET OF 4233 THAT I HAD GIVEN BELOW 4260 BUT INSTEAD IT MADE A LOW OF 4240.60 AND BOUNCED BACK FROM 4240 AND ONCE AGAIN MANAGED TO TRADE ABOVE ITS PREVIOUS DAY LOW OF 4260 WITH BUYING VOLUMES.


AND THAT'S WHY I IMMEDIATELY MENTIONED DURING TODAY'S INTRADAY SESSION THAT BULLS WILL MAKE A COMEBACK ABOVE 4260 ONLY.


AND YES BULLS CAME BACK WITH A BANG AND TOOK NIFTY FUTURES TO MAKE A DAY HIGH OF 4365.70


GANESH, WHEN YOU BOUGHT NIFTY FUTURES ABOVE 4330, YOU FORGOT TO SEE THE DAY LOW. THE INTRADAY LOW WAS 4240 AND ABOVE 4240 IT RALLIED UP TO 4330. YOU BOUGHT IT AFTER IT HAD ALREADY RALLIED AROUND 110 POINTS.


LUCKY YOU, IT FAVORED YOUR TRADE BECAUSE IT STILL RALLIED UP TO 4365 AND IT DID NOT BREACH THE CRUCIAL SUPPORT OF 4299.


I HOPE YOU GOT A CHANCE TO EXIT AT 4365 OR DID YOU BUY IT AFTER IT MADE A HIGH OF 4365????? FOR THAT YOU YOURSELF KNOW, THE TIME WHEN YOU BOUGHT IT.


BUY AT THE LOW & SELL AT THE HIGH IS THE MANTRA DEAR FRIEND.




BUY AT THE HIGH IS A RISKY TASK. BUT FOR THAT I HAD GIVEN THE SUPPORT OF 4299 AND THAT REMAINED UNBROKEN TILL THE VERY END :clap:


I HOPE THE INFORMATION GIVEN WILL SOLVE YOUR VERY DOUBTS.


HAVE A NICE DAY.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[columbus]

dear seniors, i feel trading in nifty is better than intraday trading as we get whole month to square off our positions as against only one day in intraday.
can please somebody tell me the pros and cons of trading in nifty/minifty as compared to trading in normal shares.

I agree with you 100%.

 

[praveen taneja]

dear seniors, i feel trading in nifty is better than intraday trading as we get whole month to square off our positions as against only one day in intraday.
can please somebody tell me the pros and cons of trading in nifty/minifty as compared to trading in normal shares.

for that u need huge balance to take care of gap up n gap downs or ur position will b square off at every gap up or down:thumb:
other benefit here people will tell u:lol:

 

[Nishikant]

3 Important Points To Be Noted Down For Nifty Futures Intraday & Positional Players

HARI OM​

:thumb:



THREE IMPORTANT POINTS TO BE NOTED DOWN​

1) TODAY NIFTY FUTURES MADE A DAY HIGH OF 4365.70, AFTER SUCH A WONDERFUL BOUNCE BACK FROM THE LOWER REGION, NIFTY FUT RALLIED UP TO 4365.70 BUT FAILED TO CLOSE ABOVE THE 4368 REGION THAT I HAVE BEEN MENTIONING FROM SUNDAY TILL TODAY.



2) 4318 NOW BECOMES A CRUCIAL SUPPORT FOR THE NEXT TWO TRADING SESSIONS, IF NIFTY FUTURES BREACHES THE 4318 REGION AND IF IT FAILS TO SUSTAIN OR CLOSE ABOVE 4318 THEN BEARS WILL HAVE A CHANCE TO COME BACK AGAIN. THEREFORE TO MOVE UPWARDS AND TO KEEP TODAY'S INTRADAY LOW OF 4240 INTACT, NIFTY FUTURES WILL HAVE HOLD ITSELF ABOVE 4318 AND THEN IT HAS TO CLOSE ABOVE THE 4368 REGION WITH HUGE GREEN ( BUYING ) VOLUMES.



3) NIFTY FUTURES HAS FORMED A BEARISH PATTERN ON THE DAILY CHARTS. IF YOU LOOK AT THE DAILY CHARTS THERE IS A HUGE RESISTANCE VISIBLE AT THE 4450 REGION. EVEN IF NIFTY FUTURES MANAGES TO HOLD ITSELF ABOVE 4318 AND LATER EVEN IF IT IS MANAGES TO CLOSE ABOVE THE 4368 LEVEL, IT WILL STILL FACE MAJOR RESISTANCE AT THE 4450 REGION & FROM HEREON UNLESS AND UN TILL IT DOES NOT CLOSE ABOVE THE 4368 - 4450 REGION FURTHER UPTREND WILL REMAIN AS AN IMAGINATION.



CONCLUSION: - 4318 4368 4450 HAS NOW BECOME THE MAJOR OBSTACLE AND FAILURE TO GO PAST 4368 4450 AND UNABLE TO HOLD ITSELF ABOVE 4318 WILL MAKE WAY FOR THE BEARS.



I WOULD STILL REPEAT, KINDLY NOTE THIS 3 POINTS ON A PIECE OF PAPER OR SAVE IT ON A WORD FILE, THEY HOLD SIGNIFICANCE FOR THE TREND TO HAPPEN.




HAVE NICE TIME.



GANPATI BAPPA MORYA



HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[amolkulkarni]

Re: Ganesh A Rally Of 110 Points Had Already Been Done

dear ganesh :thumb:


In the morning nifty futures made a intraday high of 4335 and tried to stay above 4335.


It was around 11 in the morning.


Soon after it made a high of 4335 it reversed, and it reversed so sharp that it cracked 4295 - 4303. The trend decider for days trade was 4295 - 4303.


After breaching the trend decider it went down to break the crucial support of 4260 that was the yesterday's day low.


Now over here, since 4260 yesterdays day low was breached during intraday today. A lot of short selling started.


And a new day low of 4240.60 was done.



""""it is known that if any stock breaks its previous days low and trades below it then it is considered to be bearish. But if the same stock once again manages to trade above the previous day low and if the volumes at that time are buy volumes or green volumes then definitely it is going to trap the short sellers"""""


the same happened today. In today's situation nifty futures did not achieve the immediate target of 4233 that i had given below 4260 but instead it made a low of 4240.60 and bounced back from 4240 and once again managed to trade above its previous day low of 4260 with buying volumes.


and that's why i immediately mentioned during today's intraday session that bulls will make a comeback above 4260 only.


and yes bulls came back with a bang and took nifty futures to make a day high of 4365.70


ganesh, when you bought nifty futures above 4330, you forgot to see the day low. The intraday low was 4240 and above 4240 it rallied up to 4330. You bought it after it had already rallied around 110 points.


Lucky you, it favored your trade because it still rallied up to 4365 and it did not breach the crucial support of 4299.


I hope you got a chance to exit at 4365 or did you buy it after it made a high of 4365????? For that you yourself know, the time when you bought it.


buy at the low & sell at the high is the mantra dear friend.




buy at the high is a risky task. But for that i had given the support of 4299 and that remained unbroken till the very end :clap:


I hope the information given will solve your very doubts.


Have a nice day.


Ganpati bappa morya


hari om


regards,
nishikant k. Hadge

hari om sir
as your view is 100% correct
sir as we are observing market is playing in range bull and bear both are in strong position but from here i think market will give breakout either one side and range may be 4100-4700 .
based on your post sir here we saw 4368 is IMP LEVEL as today market reach up to 4365 but couldn't managed to break and lower side 4260 .
Sir will you give some more view on this please it will help us lot

 

[Nishikant]

Nice Observation Dear, 4368 Is The Laxman Rekha Of Nifty Futures

HARI OM​

:thumb:​

DEAR AMOL


I LIKED YOUR OBSERVATION, CONGRATS TO YOU FOR THE SAME. NIFTY FUTURES HAS INDEED FAILED TO CLOSE ABOVE 4368 AND THERE IS A CLUSTER OF RESISTANCES ABOVE ITS HEAD.


"""""4368 HAS BECOME THE LAXMAN REKHA OF NIFTY FUTURES"""""

THE REASON IS AS FOLLOWS:-​

ABOVE 4368 A BREAKOUT ABOVE 4450 - 4520 IS A MUST.


ON THE LOWER SIDE AS MENTIONED A FEW MOMENTS BACK 4318 HOLDS IMMENSE SIGNIFICANCE FOR THE BULLS.



ITS A CLEAR CUT PICTURE NOW, THE SITUATION HAS BECOME A "DO OR DIE " SITUATION AND IN HINDI WE SAY "KARO YA MARO"



EITHER CLOSE ABOVE 4368 AND MARCH TOWARDS 4450 - 4520 OR STAY BELOW 4368 AND MARCH LIKE A BEAR TOWARDS THE IMMEDIATE LOW OF 4240 - 4159 AND BREAK IT FURTHER TO TAKE NIFTY FUTURES MORE LOWER TO 4090 - 4000 REGION.




THAT'S WHY 4368 HAS NOW BECOME A LAXMAN REKHA FOR THE BULLS AND THE BEARS. ABOVE 4368 BULLS WILL REMAIN VICTORIOUS & BELOW 4368 BEARS WILL HAVE A REASON TO GO ON A RAMPAGE.



HAVE A NICE TRADING SESSION TOMORROW



GANAPTI BAPPA MORYA



HARI OM




REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

Nifty Futures Intraday Trend Analysis & Trading Calls For 02-07-09

HARI OM


:thumb:​

NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 02-07-09​

NIFTY FUTURES HAS CLOSED AT 4338.35

UPWARD VIEW OF NIFTY FUTURES​

NIFTY FUTURES WILL FACE RESISTANCE AT 4349.



ABOVE 4349 IMMEDIATE RESISTANCE IS PEGGED AT 4368 4380.50



AFTER HITTING 4380.50 NIFTY FUTURES CAN REVERSE ITS TREND.



IN ORDER TO MOVE UPWARDS IT HAS TO SUSTAIN ABOVE 4380.50 FOR FURTHER UPTREND.



ABOVE 4380.50 NIFTY FUTURES WILL FACE RESISTANCE AT 4411.70 4443



4443 IS THE MAXIMUM FOR TOMORROWS INTRADAY SESSION.



NOTE :- AS MENTIONED EARLIER A MINIMUM CLOSE ABOVE 4368 IS THE NEEDED FOR FURTHER UPTREND OF NIFTY FUTURES.

DOWNWARD VIEW OF NIFTY FUTURES​

4318 IS THE TREND DECIDER FOR TOMORROWS INTRADAY SESSION.



A BREACH OF 4318 AND NIFTY FUTURES WILL HIT LOWER LEVELS AT 4303 4288



1st BOUNCE BACK REGION IS PLACED AT 4288 REGION.



IF NIFTY FUTURES DOES NOT BOUNCE BACK FROM 4288 THEN IT CAN SLIDE DOWN TO 4264 4240.



SINCE TODAYS DAY LOW IS PLACED AT 4240 IT HOLD SIGNIFICANCE FOR THE BULLS. IF 4240 IS CRACKED THEN ANOTHER FALL UP TO 4221 4201 NOT RULED OUT.



2nd BOUNCE BACK REGION IS PLACED AT 4201 AND NIFTY FUTURES HAS TO HIT BACK FROM 4201.



FAILURE TO HIT BACK FROM 4201 WILL TAKE NIFTY FUTURES DOWN TO 4177 & 4163.

TRADING CALLS FOR 02-07-09​

RIL BUY 2049 S/L 2037 TGT 2071 2094 2115 2135 & SELL 2033 S/L 2044 TGT 2008 1980 - 1952



IBREALEST BUY 212 S/L 205 TGT 215 222 & SELL 204 S/L 207 TGT 200 190



HDIL BUY 238 S/L 233 TGT 243 250 & SELL 231 S/L 234 TGT 227 219 & SELL 231 S/L 234 TGT 227 218



DLF BUY 328 S/L 319 TGT 335 343 & SELL 318 S/L 321 TGT 313 300



RELCAPITAL BUY 923 S/L 917 TGT 943 962 977 - 990 & SELL 916 S/L 921 TGT 906 896 874 - 851



HAVE A NICE TRADING SESSION TOMORROW.



GANPATI BAPPA MORYA



HARI OM




REGARDS,
NISHIKANT K. HADGE

 

[heeemz]

Re: Nifty Futures Intraday Session

CONGRATULTIONS PUNEET AND HEEMZ BHAI I HOPE YOU HAVE UNDERSTOOD WHAT "GREEN VOLUMES" ARE.

Nishikanth: Thanks for explanation, how does one differentiate between green (buy) and red (sell) volumes? is there any parameter we can add in charts to see Buy / Sell volumes?

By the way I am looking for data provider, any suggestions? I have Amibroker but no data, I lost my harddisk and all data gone...

Cheers,

Heems

 

[Nishikant]

Volume Indicator

Nishikanth: Thanks for explanation, how does one differentiate between green (buy) and red (sell) volumes? is there any parameter we can add in charts to see Buy / Sell volumes?

By the way I am looking for data provider, any suggestions? I have Amibroker but no data, I lost my harddisk and all data gone...

Cheers,

Heems

HARI OM HEEMZ BHAI :thumb:


FOR AMIBROKER YOU NEED DATA FEED. I HAVE THE NAME BUT I DO NOT REMEBER THE NAME OF THE FEED PROVIDER


I WILL GIVE YOU THE NAME LATER.


TO KNOW BUY SELL VOLUMES FOR INTRADAY, USE THE "VOLUME" INDICATOR


I HOPE THE THIS INFORMATION WOULD BE USEFUL.


HAVE A GOOD DAY.


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[puneet_gaur2k1]

Dear all,

Nifty Future is at crutial resistance 4368

Regards,
Puneet Gaur