Nifty Futures Weekly And Intraday Analysis Trend Report

[columbus]

Re: A Weekly Technical View Of Spot Nifty

One piece of advice... dont trade nifty futures if u are not sure of what you are doing. Its a big wealth destroyer. You need to have a good system and a good understanding of how that system works. If you try to guess the direction or rely on outside help for your decision making, then chances are, you'll book profits early and let your losses run.

This is exactly how everyone starts off and only when losses are substantial, they decide to educate themselves...

Dear ALL,

Mere guessing the direction amounts to SPECULATION.
Avoid Speculation in stock market.

 

[WOD]

Re: A Weekly Technical View Of Spot Nifty

One piece of advice... dont trade nifty futures if u are not sure of what you are doing. Its a big wealth destroyer. You need to have a good system and a good understanding of how that system works. If you try to guess the direction or rely on outside help for your decision making, then chances are, you'll book profits early and let your losses run.

This is exactly how everyone starts off and only when losses are substantial, they decide to educate themselves...

Linkon, I dont think anyone who's been trading in F&O have avoided loosing substantial money. I firmly believe that you need to pay dues to the market. Education contributes only 20% to this buisenss; and you know and I know it is 70% psychological......

To all new traders, only thing I would tell is that, be prepared to loose your money and then hold on till you get everything in place (system, mindset and TA).....A lot of pain, agony, frustration, tears you will have to go through.....nobody has escaped it and you will not.....I had personal experience guys and holding on now.......

Best of luck and welcome to the Jungle guys............

 

[WOD]

Re: Welcome To My Thread Dear TFL

For next week 3600 will be support level and 4200 will be resistance level.
What do you say ,Nishikant?Waiting for your report...........

A little bit addition from my side....

looking at daily charts resistance is placed at 4130 (to be exact)....so I think if 4150 is taken out then you should close your short position....

now to get nearset support I had look at weekly chart and I found support at 3700 (daily shows support at 3550 which I discarded in this case).....

SO for me,
resistance level is 4150 and support level is 3700.......

Any correction from seniors is welcomed...

 

[Nishikant]

NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 13th JULY TO 17th JULY 2009

HARI OM

:thumb:
​

NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 13th JULY TO 17th JULY 2009​

NIFTY FUTURES HAS CLOSED AT 3993.

WEEKLY UPWARD VIEW OF NIFTY FUTURES ​

4077 WILL ACT AS A TREND DECIDER FOR THE COMING WEEK.





""""PRIMARY UP TREND FOR NIFTY FUTURES CAN BE EXPECTED ONLY IF WE SEE NIFTY FUTURES CLOSING ABOVE 4077 WITH BUYING VOLUMES""""



ABOVE 4077 NIFTY FUTURES WILL FACE IMMEDIATE WEEKLY RESISTANCE AT 4113 4161.



4161 WILL ACT AS THE 1st TREND REVERSAL FOR NIFTY FUTURES.



A LOT OF SELLING IS EXPECTED AT THIS REGION OF 4161 AND TO MAKE FURTHER UP MOVE NIFTY FUTURES WILL HAVE TO SUSTAIN & CLOSE ABOVE 4161.



""""ONLY IF NIFTY FUTURES SUSTAINS ABOVE 4161 THEN A FURTHER RALLY UP TO 4222 4284 4305 CAN BE EXPECTED""""""



4284 4305 IS THE MAXIMUM AND FOR FURTHER UPTREND A CLOSE ABOVE 4284 4305 IS A MUST.

WEEKLY DOWNWARD VIEW OF NIFTY FUTURES

​

3943 IS A MAJOR SUPPORT FOR THE COMING WEEK.



IF 3943 IS BREACHED & IF NIFTY FUTURES FAILS TO TRADE ABOVE THE 3943 MARK THEN A FURTHER FALL UP TO 3883 3841 3800 IS EXPECTED ON CARDS.



3800 IS THE 1st BOUNCE BACK REGION FOR THE WEEK AHEAD AND UNDER ANY CIRCUMSTANCES 3800 SHOULD NOT BE CRACKED. 3800 IS A VERY SIGNIFICANT REGION FOR THE BULLS & THEREFORE NIFTY FUTURES HAS TO HIT BACK HARDER FROM THIS 3800 ZONE.



EVEN IF NIFTY FUTURES BREAKS 3800 IT SHOULD MANAGE TO CLOSE ABOVE THE 3800 MARK



IF 3800 FAILS TO HOLD THEN A FURTHER FALL UP TO 3763 3721 3666 & 3641 NOT RULED OUT.



HAVE A NICE WEEK AHEAD.



GANPATI BAPPA MORYA



HARI OM




REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

NIFTY FUTURES INTRADAY TREND ANALYSIS REPORT & TRADING CALLS FOR 13th JULY 2009

HARI OM

:thumb:


NIFTY FUTURES INTRADAY TREND ANALYSIS REPORT & TRADING CALLS FOR 13th JULY 2009


UPWARD VIEW OF NIFTY FUTURES​

"""""4010 IS THE TREND DECIDER FOR TOMORROWS INTRADAY SESSION"""""



TILL NIFTY FUTURES REMAINS FIRM ABOVE 4010 THE TREND WILL REMAIN UP.



THE 1st RESISTANCE ABOVE 4010 IS PLACED AT 4033.



4033 IS THE DAY LOW THAT WAS MADE ON 09-07-09 i.e. THURSDAY. ON THURSDAY A DOJI WAS FORMED ON THE DAILY CHARTS. SO THE SAME DAY LOW OF 4033 AS ON THURSDAY NOW BECOMES THE IMMEDIATE RESISTANCE FOR NIFTY FUTURES.



SO UNLESS AND UN TILL NIFTY FUTURES DOES NOT SUSTAIN ABOVE THE THURSDAY DOJI DAY LOW OF 4033 IT CANNOT HAVE MORE UPSIDE.



IF NIFTY FUTURES MANAGES TO PLACE IT SELF ABOVE 4033 THEN IT CAN RALLY UP TO 4045 4066.



"""""4066 WILL ACT AS A MAJOR HURDLE AND THE TREND IS LIKELY TO REVERSE FROM HERE"""""



SUSTAINING ABOVE 4066 WILL TAKE NIFTY FUTURES TO 4086 4107 4148



IF NIFTY FUTURES MOVES PAST 4066 AND MAKES A NEW HIGH ABOVE 4066 AND IF IT REVERSES FROM THE NEW HIGH THEN ON ITS WAY BACK IT SHOULD NOT BREAK 4066 AND THE SAME 4066 REGION SHOULD NOT BE CRACKED.

DOWNWARD VIEW OF NIFTY FUTURES​

THE DAY LOW OF FRIDAY i.e 3962.50 IS A CRUCIAL SUPPORT FOR TOMORROWS INTRADAY TRADE.



IF 3962.50 IS BREACHED THEN A FALL UP TO 3937 3911 CANNOT BE RULED OUT.



3911 IS THE 1st BOUNCE BACK ZONE FOR TOMORROWS INTRADAY TRADE & NIFTY FUTURES WILL HAVE TO HIT BACK FROM HERE.




FAILURE TO HIT BACK FROM 3911 WILL TAKE NIFTY FUTURES TO 3885 3859.

TRADING CALLS FOR 13th JULY 2009​

RIL BUY 1800 S/L 1790 TGT 1821 1840 1877 1913 & SELL 1786 S/L 1796 TGT 1757 1730 1703 1678



STER BUY 579 S/L 573 TGT 586 599 & SELL 571 S/L 576 TGT 565 553



MUNDRA PORT BUY 518 S/L 512 TGT 528 541 & SELL 510 S/L 515 TGT 502 486



CAIRN BUY 214 S/L 212 TGT 217 222 & SELL 210 S/L 213 TGT 208 203




TATA STEEL BUY 358 S/L 355 TGT 364 371 380 389 & SELL 354 S/L 357.90 TGT 348 339 333 326



HAVE A NICE TRADING SESSION TOMORROW



GANPATI BAPPA MORYA


HARI OM




REGARDS,
NISHIKANT K. HADGE

 

[linkon7]

*CUES-

--Nifty July future discount increased to 10 points so cost of carry decreased.
--Nifty open interest increased by 10 lacs suggests short addition. (Total OI now at 2.37cr)
--Nifty calls added 8 lacs and puts added 4 lacs in open interest.
--Nifty open interest put-call ratio is at 0.83.
--3800 puts had open interest of 45 lacs and 4100 calls had open interest of 25 lacs, so 3800 and 4100 will be important levels to watch for.
--India VIX closed at 35.83, decreased by 2% suggests stability.

-- crude is at 59 and sell on rallies is the strategy there.
-- Dollar is at 49.11 and thats a nig bearish sign for equity markets.

 

[WOD]

I had noticed one thing that most of us tend to not look at i.e liquidity......

Watch out for liquidity of puts of higher prices....liquidity decreasing.......just had look at bid and offer price of 4400 PE.......

I think we need to square PE's of higher strike prices as soon as possible.....

Any correction or comments to my understanding is welcomed.....

 

[sibumajumdar]

Nishikantji,

Your crucial sup of 3962.50 (Low of Friday) has become since morning a strong Res. Any possibility of break above. Your comment is awaited bcz i have long minifty at 3970 (2 lots) of friday closing. Thanks

SM

 

[Nishikant]

Yes Sir

HARI OM EVERYBODY :thumb:


TODAYS DAY OPEN AND DAY HIGH IS THE SAME i.e 3963.


SO NO UPTREND TILL IT TRADES ABOVE THE DAY OPEN AND THE DAY HIGH.


ON THE LOWER SIDE, NIFTY FUTURES 3940 NOW STANDS CRUCIAL FOR FURTHER UP MOVE.


EVEN IF NIFTY FUTURES HOLDS ABOVE 3940 IT WILL FACE IMMEDIATE RESISTANCE AT 3968.


BULLS WILL REMAIN ACTIVE ABOVE 3940 ONLY.


BELOW 3940 NIFTY CAN RETEST THE DAY LOW OF 3926 & A CRACK BELOW 3926 CAN DRAG IT TO 3914 - 3903.


SO 3940 HAPPENS TO BECOME THE LIFESAVER FOR THE BULLS.


BELOW 3940 BEARS WILL HAVE AN UPPER HAND.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[gunavadhi]

3916.00 done.
great nishikant.