Nifty Futures Weekly And Intraday Analysis Trend Report
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Nifty Fut Intraday Trend Analysis & Trading Calls For 02-03-09
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HARI OM
IN THE PREVIOUS POST, I HAD SAID THAT A TRIANGLE HAS BEEN FORMED ON THE DAILY CHARTS OF NIFTY FUT AND THE TOP OF THE TRIANGLE IS AT 3140 AND THE BASE OF THE TRIANGLE IS PLACED AT 2960.
YESTERDAY NIFTY FUT TOOK SUPPORT AT THE BASE OF THE TRIANGLE, IT MADE A LOW OF 2951 & BOUNCED BACK SHARPLY TO MAKE A HIGH OF 3072.
TODAY 3056 IS THE TREND DECIDER FOR THE DAY.
NIFTY FUT HAS TO SUSTAIN AND TRADE ABOVE 3056 AND THEN IT CAN MOVE UP HIGHER.
ON THE DAILY CHARTS OF SPOT NIFTY A SHORT TERM MOVING AVERAGE IS PLACED AT 3107.
SO 3107 CAN ACT AS A HURDLE, AND SPOT NIFTY HAS TO MOVE PAST THIS HURDLE OF 3107 TO MEET THE ABOVE TARGETS.
A CLOSE ABOVE 3107 WOULD MAKE THE BULLS STRONGER.
ABOVE 3056 RESISTANCE IS PEGGED AT 3086 3115 3146
SINCE THE TOP OF THE TRIANGLE IS PLACED AT 3140 & TODAY'S MAXIMUM TARGET IS PLACED AT 3146, PROFIT BOOKING OR SAY TREND REVERSAL COULD BE VISIBLE AT THIS ZONE.
BUT A MOVE PAST 3140 3146 AND ABLE TO SUSTAIN ABOVE 3146 CAN TAKE NIFTY FUT TO A NEW TOP.
NEW TOP OR NEW HIGH ABOVE 3140 3146 CAN BE AT 3158 3175 - 3188 - 3218.
HIGH RISK TRADERS, WILLING TO GO SHORT AT 3140 3146 ZONE WILL HAVE TO MAINTAIN A MINIMUM STOP LOSS ABOVE 3175 AND A MAXIMUM STOP LOSS ABOVE 3193, EITHER FOR INTRADAY OR ON A CLOSING BASIS ABOVE THIS RESPECTIVE STOP LOSSES.
SUPPORT FOR NIFTY FUT IS PEGGED AT 3056 - 3030 3011 2997 2974 2950.
NOW 2950 HAS BECOME A STRONG SUPPORT AND TILL THIS SUPPORT OF 2950 REMAINS UNBROKEN ON A CLOSING BASIS, BULLS WILL HAVE A CHANCE TO REJOICE.
RIL BUY 1561 S/L 1552 TGT 1587 1612 1631 1650 & SELL 1549 S/L 1559 TGT 1525 1495 1465
BEML BUY 428 S/L 412 TGT 434 440 448 456 & SELL 409 S/L 414 TGT 404 398 383 368
REL INFRA BUY 540 S/L 537 TGT 554 569 578 590 & SELL 536 S/L 539 TGT 527 519 504 - 488
JSW STEEL BUY 253 S/L 245 TGT 259 267 & SELL 243 S/L 247 TGT 238 226
REL CAP BUY 388 S/L 374 TGT 394 400 410 420 & SELL 371 S/L 376 TGT 365 358 346 333
HAVE A NICE TRADING SESSION TODAY.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
HARI OM
NIFTY FUT INTRADAY TREND ANALYSIS & TRADING CALLS FOR 02-03-09
IN THE PREVIOUS POST, I HAD SAID THAT A TRIANGLE HAS BEEN FORMED ON THE DAILY CHARTS OF NIFTY FUT AND THE TOP OF THE TRIANGLE IS AT 3140 AND THE BASE OF THE TRIANGLE IS PLACED AT 2960.
YESTERDAY NIFTY FUT TOOK SUPPORT AT THE BASE OF THE TRIANGLE, IT MADE A LOW OF 2951 & BOUNCED BACK SHARPLY TO MAKE A HIGH OF 3072.
TODAY 3056 IS THE TREND DECIDER FOR THE DAY.
NIFTY FUT HAS TO SUSTAIN AND TRADE ABOVE 3056 AND THEN IT CAN MOVE UP HIGHER.
ON THE DAILY CHARTS OF SPOT NIFTY A SHORT TERM MOVING AVERAGE IS PLACED AT 3107.
SO 3107 CAN ACT AS A HURDLE, AND SPOT NIFTY HAS TO MOVE PAST THIS HURDLE OF 3107 TO MEET THE ABOVE TARGETS.
A CLOSE ABOVE 3107 WOULD MAKE THE BULLS STRONGER.
ABOVE 3056 RESISTANCE IS PEGGED AT 3086 3115 3146
SINCE THE TOP OF THE TRIANGLE IS PLACED AT 3140 & TODAY'S MAXIMUM TARGET IS PLACED AT 3146, PROFIT BOOKING OR SAY TREND REVERSAL COULD BE VISIBLE AT THIS ZONE.
BUT A MOVE PAST 3140 3146 AND ABLE TO SUSTAIN ABOVE 3146 CAN TAKE NIFTY FUT TO A NEW TOP.
NEW TOP OR NEW HIGH ABOVE 3140 3146 CAN BE AT 3158 3175 - 3188 - 3218.
HIGH RISK TRADERS, WILLING TO GO SHORT AT 3140 3146 ZONE WILL HAVE TO MAINTAIN A MINIMUM STOP LOSS ABOVE 3175 AND A MAXIMUM STOP LOSS ABOVE 3193, EITHER FOR INTRADAY OR ON A CLOSING BASIS ABOVE THIS RESPECTIVE STOP LOSSES.
SUPPORT FOR NIFTY FUT IS PEGGED AT 3056 - 3030 3011 2997 2974 2950.
NOW 2950 HAS BECOME A STRONG SUPPORT AND TILL THIS SUPPORT OF 2950 REMAINS UNBROKEN ON A CLOSING BASIS, BULLS WILL HAVE A CHANCE TO REJOICE.
TRADING CALLS FOR 02-03-09
RIL BUY 1561 S/L 1552 TGT 1587 1612 1631 1650 & SELL 1549 S/L 1559 TGT 1525 1495 1465
BEML BUY 428 S/L 412 TGT 434 440 448 456 & SELL 409 S/L 414 TGT 404 398 383 368
REL INFRA BUY 540 S/L 537 TGT 554 569 578 590 & SELL 536 S/L 539 TGT 527 519 504 - 488
JSW STEEL BUY 253 S/L 245 TGT 259 267 & SELL 243 S/L 247 TGT 238 226
REL CAP BUY 388 S/L 374 TGT 394 400 410 420 & SELL 371 S/L 376 TGT 365 358 346 333
HAVE A NICE TRADING SESSION TODAY.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
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Nifty Fut Gapped Up, Sell Call Not Initiated
HARI OM
Sell Call Of Nifty Fut Did Not Initiate As It Has Gapped Up.
3217 Is The Major Resistance For Nifty Fut For Intraday.
Profit Booking Is Expected At This Zone Of 3217
Any Further Up Trend Will Happen Only If Nifty Fut Trades & Sustains Above 3217
Regards,
Nishikant K. Hadge
HARI OM
Sell Call Of Nifty Fut Did Not Initiate As It Has Gapped Up.
3217 Is The Major Resistance For Nifty Fut For Intraday.
Profit Booking Is Expected At This Zone Of 3217
Any Further Up Trend Will Happen Only If Nifty Fut Trades & Sustains Above 3217
Regards,
Nishikant K. Hadge
ORB Strategy ( Opening Range Breakout )
Hari Om
I Have Received A Email From One Of My Analyst Friend. He Has Attached A Word File To The Email That He Sent Me.
He Has Mentioned About A Strategy Known As ( ORB ) " Opening Range Breakout " Strategy, For Positional As Well As " Day Traders ".
I Have Attached The Word File. Anyone Interested Can Read It & If Possible Shed Some Light On This Strategy. I Have Read It, But I Am Not Sure Whether It Works.
I Dont Know From Where This Analyst Friend Of Mine Has Got This Word File From???? Source Unknown????
Back Testing Of The Same Has To Be Done Or Can Be Done During Market Hours Only.
Kindly Download The Word File Attached & Read The Strategy mentioned.
GANPATI BAPPA MORYA
HARI OM
Regards,
NISHIKANT K. HADGE
Hari Om
I Have Received A Email From One Of My Analyst Friend. He Has Attached A Word File To The Email That He Sent Me.
He Has Mentioned About A Strategy Known As ( ORB ) " Opening Range Breakout " Strategy, For Positional As Well As " Day Traders ".
I Have Attached The Word File. Anyone Interested Can Read It & If Possible Shed Some Light On This Strategy. I Have Read It, But I Am Not Sure Whether It Works.
I Dont Know From Where This Analyst Friend Of Mine Has Got This Word File From???? Source Unknown????
Back Testing Of The Same Has To Be Done Or Can Be Done During Market Hours Only.
Kindly Download The Word File Attached & Read The Strategy mentioned.
GANPATI BAPPA MORYA
HARI OM
Regards,
NISHIKANT K. HADGE
NIFTY FUT WEEKLY TREND ANALYSIS FROM 6th to 10th APRIL 2009
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HARI OM
LAST WEEK NIFTY FUT GAVE A BULL RUN. THIS WEEK THE SAME SCENARIO IS EXPECTED, CONSIDERING NIFTY FUT GIVES A CLOSE ABOVE 3257 & SUSTAINS ABOVE IT.
ABOVE 3257 RESISTANCE FOR NIFTY FUT IS PEGGED AT 3277 3291 3327 - 3350 3392 3423 3494 3510.
3350 3392 IS A SMALL HURDLE FOR THE NIFTY FUT TO GO UP FURTHER.
NIFTY FUT CAN HIT 3350 3392 BUT SUSTAINING AND CLOSING ABOVE THIS ZONE IS A MUST FOR FURTHER BULL RUN OR ELSE PROFIT BOOKING IS EXPECTED AT THIS REGION OF 3350 3392.
AGAIN, THE 200 DMA FOR NIFTY IS PLACED AT 3450. SO THIS LEVEL OF 3450 WILL ACT AS A HUGE RESISTANCE.
ON THE DAILY CHARTS BOTH INDICATORS RSI ( RELATIVE STRENGTH INDEX )AND WILLIAMS % R HAVE REACHED OVERBOUGHT ZONES.
ON THE CONTRARY BOTH THIS INDICATORS ON THE WEEKLY CHARTS ARE STILL TRENDING UP SHOWING FURTHER UPSIDE MOMENTUM.
ON THE LOWER SIDE 3131 WILL ACT AS A STRONG SUPPORT & HAS BECOME THE TREND DECIDER FOR THE NIFTY FUT ON A WEEKLY BASIS.
IN CASE OF PROFIT BOOKING 3131 SHOULD NOT BE BREACHED ON A CLOSING BASIS.
IF NIFTY FUT FAILS TO HOLD ABOVE 3131 THEN SUPPORT LEVELS FOR THE NIFTY FUT ARE PEGGED AT 3090 3062 3039 2991 2965 2922 2879.
BOUNCE BACK ZONES IN CASE OF DOWNFALL ARE 3131 3090 2965
RISKY CALL FOR RISKY TRADERS:-
(OPTIONS CALL):- BUY NIFTY FUT 3300 CALL AT 79 FOR A TARGET OF 110 AND A STOP LOSS OF 64
RIL BUY 1652 S/L 1642 TGT 1670 1689 1705 1720 & SELL 1639 S/L 1649 TGT 1630 1619 1597 1574
RCOM BUY 198 S/L 192 TGT 204 208 212 & SELL 191 S/L 194 TGT 186 175
REL INFRA BUY 580 S/L 577 TGT 586 592 601 609 & SELL 575 S/L 579 TGT 569 562 555 547
JSW STEEL BUY 308 S/L 290 TGT 316 325 335 345 & SELL 287 S/L 294 TGT 279 270 253
DLF BUY 205 S/L 197 TGT 209 214 218 222 & SELL 195 S/L 199 TGT 191 186 178 170
EDUCOMP BUY 2330 S/L 2319 TGT 2362 2393 2424 2453 & SELL 2313 S/L 2326 TGT 2292 2271 2234 2196
HAVE A NICE TRADING SESSION FOR THE WEEK
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K .HADGE
HARI OM
NIFTY FUT WEEKLY TREND ANALYSIS FROM 6th to 10th APRIL 2009 & TRADING CALLS FOR 6th APRIL 2009
UPSIDE VIEW OF NIFTY FUTURES
UPSIDE VIEW OF NIFTY FUTURES
LAST WEEK NIFTY FUT GAVE A BULL RUN. THIS WEEK THE SAME SCENARIO IS EXPECTED, CONSIDERING NIFTY FUT GIVES A CLOSE ABOVE 3257 & SUSTAINS ABOVE IT.
ABOVE 3257 RESISTANCE FOR NIFTY FUT IS PEGGED AT 3277 3291 3327 - 3350 3392 3423 3494 3510.
3350 3392 IS A SMALL HURDLE FOR THE NIFTY FUT TO GO UP FURTHER.
NIFTY FUT CAN HIT 3350 3392 BUT SUSTAINING AND CLOSING ABOVE THIS ZONE IS A MUST FOR FURTHER BULL RUN OR ELSE PROFIT BOOKING IS EXPECTED AT THIS REGION OF 3350 3392.
AGAIN, THE 200 DMA FOR NIFTY IS PLACED AT 3450. SO THIS LEVEL OF 3450 WILL ACT AS A HUGE RESISTANCE.
ON THE DAILY CHARTS BOTH INDICATORS RSI ( RELATIVE STRENGTH INDEX )AND WILLIAMS % R HAVE REACHED OVERBOUGHT ZONES.
ON THE CONTRARY BOTH THIS INDICATORS ON THE WEEKLY CHARTS ARE STILL TRENDING UP SHOWING FURTHER UPSIDE MOMENTUM.
DOWNSIDE VIEW OF NIFTY FUTURES
ON THE LOWER SIDE 3131 WILL ACT AS A STRONG SUPPORT & HAS BECOME THE TREND DECIDER FOR THE NIFTY FUT ON A WEEKLY BASIS.
IN CASE OF PROFIT BOOKING 3131 SHOULD NOT BE BREACHED ON A CLOSING BASIS.
IF NIFTY FUT FAILS TO HOLD ABOVE 3131 THEN SUPPORT LEVELS FOR THE NIFTY FUT ARE PEGGED AT 3090 3062 3039 2991 2965 2922 2879.
BOUNCE BACK ZONES IN CASE OF DOWNFALL ARE 3131 3090 2965
RISKY CALL FOR RISKY TRADERS:-
(OPTIONS CALL):- BUY NIFTY FUT 3300 CALL AT 79 FOR A TARGET OF 110 AND A STOP LOSS OF 64
TRADING CALLS FOR 06-04-09
RIL BUY 1652 S/L 1642 TGT 1670 1689 1705 1720 & SELL 1639 S/L 1649 TGT 1630 1619 1597 1574
RCOM BUY 198 S/L 192 TGT 204 208 212 & SELL 191 S/L 194 TGT 186 175
REL INFRA BUY 580 S/L 577 TGT 586 592 601 609 & SELL 575 S/L 579 TGT 569 562 555 547
JSW STEEL BUY 308 S/L 290 TGT 316 325 335 345 & SELL 287 S/L 294 TGT 279 270 253
DLF BUY 205 S/L 197 TGT 209 214 218 222 & SELL 195 S/L 199 TGT 191 186 178 170
EDUCOMP BUY 2330 S/L 2319 TGT 2362 2393 2424 2453 & SELL 2313 S/L 2326 TGT 2292 2271 2234 2196
HAVE A NICE TRADING SESSION FOR THE WEEK
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K .HADGE
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