Nifty Futures Weekly And Intraday Analysis Trend Report

[tomdickpary]

sir i am long banknifty@5175 can u advice me what to do in monday morning.

 

[Nishikant]

Buddy, Please Read The Post For Bank Nifty

sir i am long banknifty@5175 can u advice me what to do in monday morning.

HARI OM

TOM BUDDY, FOR INTRADAY TOMORROW, BANK NIFTY HAS RESISTANCE AT 5135

MONDAY MORNING EXIT LONG IF YOU SEE BANK NIFTY IS FINDING IT DIFFICULT TO STAY OR SAY SUSTAIN ABOVE 5135.

ABOVE 5135 IF IT GOES PAST YOUR BUY PRICE OF 5175 THEN YOU DECIDE WHERE YOUR DO YOU WANT TO BOOK PROFIT.

IF IT GOES TO YOUR BUY PRICE OF 5175 AND REVERSE FROM THERE AND IF BREAKS 5135 THEN YOU DECIDE YOUR STOP LOSS.

ABOVE YOUR BUY PRICE OF 5175 IT WILL FACE RESISTANCE AT 5238.

I HAVE GIVEN YOU THE PROFIT BOOKING ON THE HIGHER SIDE.

MAKE A DECISION ABOUT YOUR STOP LOSS. 4987 IS A CRUCIAL ZONE AS MENTIONED IN MY POST.

BUDDY, READ MY POST FOR BANK NIFTY & YOU WILL UNDERSTAND YOUR ENTRY AND EXIT POINTS.

TAKE CARE

REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

NIFTY FUT WEEKLY TREND ANALYSIS FROM 20th TO 24th APR 2009

HARI OM

NIFTY FUT WEEKLY TREND ANALYSIS FROM 20th TO 24th APRIL 2009 & TRADING CALLS FOR 20-04-09​

FOR THE COMING WEEK, PRIMARY UPTREND IN NIFTY FUTURES WILL BEGIN ABOVE 3397 ONLY.


ABOVE 3397 RESISTANCE IS PEGGED AT 3419 3444 3460.


SELLING IS EXPECTED AROUND 3460 REGION. IF NIFTY MANAGES TO SUSTAIN ABOVE 3460 THEN IT CAN GIVE A RALLY UPTO 3517 3535.


ABOVE THE PRIMARY UPTREND, ACTUAL BULL RUN OR UPTREND IN NIFTY FUTURES WILL BEGIN ONLY IF IT GIVES A CLOSE ABOVE 3535.



AS SEEN IN THE ABOVE IMAGE OF THE DAILY CHART OF NIFTY FUTURES THERE IS A TRIPLE TOP FORMATION AT 3500.


SPOT NIFTY HAS CLOSED BELOW ITS 200 DMA AT 3414 & ITS 200 EMA AT 3395.


NOW EVEN IF SPOT NIFTY CLOSES ABOVE ITS 200 DMA, IT HAS TO COMPULSORILY CLOSE ABOVE THOSE THREE COMMON RESISTANCE ZONES THAT ARE PLACED AT 3500.

UPWARD VIEW OF NIFTY FUTURES:-​

RESISTANCE FOR NIFTY FUTURES ON A WEEKLY BASIS:-


3535 3580 3631 3652 3721 3792 3862.


3535 BEING THE 1st TARGET, NIFTY FUT WILL HAVE TO MOVE PAST AND SUSTAIN ABOVE 3535 TO ACHIEVE HIGHER LEVELS. UNLESS AND UNTILL NIFTY FUT DOES NOT SUSTAIN AND CLOSE ABOVE 3535 THERE WONT BE ANY FURTHER UPTREND.


ABOVE 3535 THERE IS A MINOR HURDLE AT 3580 BUT A MOVE PAST 3580 WILL TAKE NIFTY FUT TO 3631 3652.


THERE IS A BIG CHANCE THAT NIFTY FUT WILL REVERSE FROM 3631 3652, AND FURTHER UPTREND IN NIFTY FUTURES WILL HAPPEN ONLY ABOVE 3631 3652.


OUT OF ALL THIS RESISTANCES, THE MAJOR RESISTANCE ZONES ARE 3536 3580 3631

DOWNWARD VIEW OF NIFTY FUTURES:-​

ON A WEEKLY BASIS 3361 IS A CRUCIAL SUPPORT FOR NIFTY FUTURES.


A BREACH OF 3361 WILL TAKE NIFTY FUTURES TO 3323 3309 - 3296 3267


FOR MONDAY, INTRADAY BOUNCE BACK ZONE IS PLACED AT 3309.


WEEKLY BOUNCE BACK ZONE IS PLACED AT 3267 AND NIFTY FUTURES SHOULD SUSTAIN ABOVE THIS ZONE.




BUT IF 3267 IS CRACKED THEN FURTHER FALL UPTO 3232 3208 NOT RULED OUT.


BELOW 3208 SUPPORT IS PEGGED AT 3198 3166 3132.


3132 STANDS TO BE A LAST HOPE IN CASE OF A MAJOR FALL. AND THIS IS THE ZONE THAT TRADERS WILL LOOK FORWARD TO COVER THEIR SHORT AT.



CONCLUSION: - IN CASE OF SELLING OR PROFIT BOOKING, NIFTY FUTURES SHOULD SUSTAIN ABOVE 3298. IN CASE OF FAILURE TO SUSTAIN ABOVE 3298 OR A CLOSE BELOW 3298, NIFTY FUTURES WILL RETEST LOWER LEVELS.

TRADING CALLS FOR 20-04-09​

RIL BUY 1737 S/L 1729 TGT 1748 1760 1783 1807 & SELL 1724 S/L 1733 TGT 1708 1690 1675 1659


PFC BUY 156 S/L 154 TGT 161 169 & SELL 153 S/L 155 TGT 147 140


RELINFRA BUY 672 S/L 664 TGT 679 687 701 715 & SELL 655 S/L 670 TGT 648 640 630 620


FEDERAL BANK BUY 175 S/L 173 TGT 181 190 & SELL 172 S/L 174 TGT 166 158.


SBI BUY 1315 S/L 1307 TGT 1329 1344 1365 1387 & SELL 1305 S/L 1314 TGT 1289 1273 1255 1237


HAVE A NICE TRADING SESSION FOR THE WEEK


GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

Review Of Bank Nifty Weekly Analysis

HARI OM

In My Weekly Post Of Bank Nifty, Weekly Support Predicted Levels Were :-

" Since 4987 Is The Crucial Zone. A Crack At 4987 Will Take Bank Nifty To Lower Zones.

Support Is Pegged At 4919  4860 Region "

TOMDICKPARY This Was Written For You​

Above 5135 If It Goes Past Your Buy Price Of 5175 Then You Decide Where Do You Want To Book Profit.


If It Goes To Your Buy Price Of 5175 & Reverse From There & If Breaks 5135 Then You Decide Your Stop Loss.
Make A Decision About Your Stop Loss. 4987 Is A Crucial Zone As Mentioned In My Post.


"See Bank Nifty Today Went Past 5135 And Then Traded Above 5135 To Make A High Of 5200 And Reversed From 5200, Bounced Back From 5135 Twice & Then Broke 5135 - 4987"

Support Below 4987 Was Predicted At 4919 - 4860 Region.

Bank Nifty Cracked 4987 & Took Support At 4924 And Bounced Back Sharply To Hit 5030 & Closed At 4992.

GANPATI BAPPA MORYA

HARI OM

Regards,
Nishikant K. Hadge

 

[Nishikant]

Nifty Futures Review Of Weekly Analysis Trend Report

for the coming week, primary uptrend in nifty futures will begin above 3397 only.


Above 3397 resistance is pegged at 3419  3444  3460.


Selling is expected around 3460 region.

"In The Morning Nifty Futures Moved Past 3397 And Made A High At 3443. My Predicted Support Levels Were 3419 - 3444 - 3460.

Nifty Futures Took Resistance At 3443 And Reversed Sharply.
3460 Could Not Be Met.


But Still The Second Predicted Resistance Of 3444 Was The Wall During Intraday For Nifty Futures"

Ganpati Bappa Morya

Hari Om

Regards,
Nishikant K. Hadge

 

[suntosh10]

Mr. Nishikant sir, thank you very much indeed, for the bank nifty supp/resis. they were very useful.

your posts are very useful. thank you very much once again. :clap:

 

[Nishikant]

BANK NIFTY INTRADAY TREND ANALYSIS FOR 21st APRIL 2009

HARI OM

BANK NIFTY INTRADAY TREND ANALYSIS FOR 21st APRIL 2009​

BANK NIFTY HAS CLOSED IN THE RED.


FOR TOMORROW SUPPORT FOR BANK NIFTY IS PEGGED AT 4977 - 4924 4881 4839 4796 4753


4977 IS THE TREND DECIDER FOR BANK NIFTY TOMORROW. BULLS WILL REMAIN ACTIVE ABOVE 4977 AND BELOW 4977 BEARS WILL PLAY SPOIL SPORT.


CRUCIAL INTRADAY SUPPORT IS PEGGED 4839. BEARS WILL BECOME MORE AGGRESSIVE IF BANK NIFTY BREAKS THIS ZONE AND FAILS TO SUSTAIN ABOVE 4839.




FOR TOMORROW RESISTANCE FOR BANK NIFTY IS PEGGED AT 5029 5062 5094 5120


IF 4977 REMAINS INTACT THEN PRIMARY UPTREND FOR BANK NIFTY WILL BEGIN ABOVE 5029 ONLY.



ABOVE 5029 BANK NIFTY CAN RALLY UPTO 5062 5094 5120.


SELLING IS EXPECTED AROUND 5094 - 5120 REGION.


IF BANK NIFTY MOVES BEYOND 5094 5120 REGION AND RISES HIGHER THEN IT SHOULD MAKE A STRONG SUPPORT AT 5094 5120 AND SUSTAIN ABOVE THIS ZONE.


INABILITY TO SUSTAIN ABOVE 5094 5120 WILL BE PAINFUL FOR THE BULLS.


BUT A MOVE PAST 5094 - 5120 WILL TAKE BANK NIFTY TO 5164 5232 5301 5370.


5232 WILL ACT AS A STRONG HURDLE & TREND IS LIKELY TO REVERSE FROM 5232 AND ANY FURTHER UPTREND IN BANK NIFTY WILL HAPPEN ABOVE 5232 ONLY.


HAVE A NICE TRADING SESSION TOMORROW


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

NIFTY FUT INTRADAY TREND ANALYSIS & TRADING CALLS FOR 21st APRIL 09

HARI OM

NIFTY FUT INTRADAY TREND ANALYSIS & TRADING CALLS FOR 21st APRIL 09



UPWARD VIEW OF NIFTY FUTURES:-​

NIFTY FUT WILL HAVE UPTREND ABOVE 3373 ONLY.


ABOVE 3373 RESISTANCE IS PEGGED AT 3386 3399 3417.


MAXIMUM RALLY UPTO 3399 3417 IS EXPECTED & REVERSAL IS EXPECTED FROM THIS ZONE.



BUT A MOVE PAST 3399 3417 WILL TAKE NIFTY FUT TO HIGHER LEVELS AT 3428 3456 3484 3512.


PROFIT BOOKING IS EXPECTED AROUND 3456 AND FURTHER UPTREND WILL HAPPEN ABOVE 3456 ONLY.

DOWNWARD VIEW OF NIFTY FUTURES:-​

3352 IS THE TREND DECIDER FOR NIFTY FUTURES. BULLS WILL REMAIN ACTIVE ABOVE 3352 & BELOW 3352 BEARS WILL BE ACTIVE.



SUPPORT FOR NIFTY FUTURES IS PEGGED AT 3333 3295 3260 3237 3208.




3295 IS THE 1st BOUNCE BACK ZONE AND IF 3295 IS BREACHED THEN THE LAST HOPE FOR INTRADAY WOULD BE AT 3260.



MORE FALL IS EXPECTED IF 3260 IS BREACHED AND IF NIFTY FUTURES FINDS IT DIFFICULT TO SUSTAIN ABOVE 3260.

TRADING CALLS FOR 21-04-09​

RIL BUY 1723 S/L 1714 TGT 1746 1781 & SELL 1710 S/L 1719 TGT 1699 1688 1673 & 1657


JINDAL STEEL BUY 1540 S/L 1514 TGT 1575 1610 1650 1690 & SELL BELOW 1500 S/L 1525 & TGT 1475 1450 1400 1350


REL INFRA BUY 700 S/L 688 TGT 707 715 727 740 & SELL 685 S/L 692 TGT 678 670 658 645


ESSAR OIL BUY 166 S/L 164 TGT 171 178 & SELL 162 S/L 165 TGT 158 150


EDUCOMP BUY 2330 S/L 2317 TGT 2399 2467 2519 2572 & SELL 2313 S/L 2325 TGT 2269 2226 2152 2078


HAVE A NICE TRADING SESSION TOMORROW


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[nimish01]

hmm m long 4 lots @ 5136

 

[Nishikant]

3378 Resistance Taken

HARI OM

I Had Predicted 3373 As A Major Resistance For Nifty Fut.

Nifty Fut Took Res At 3378. Now Further Uptrend Above 3378 Only.


Above 3378 Res Pegged At 3392 - 3405


And Immediate Supp Pegged At 3352 - 3339.


Happy Trading.


GANPATI BAPPA MORYA


HARI OM


Regards,
Nishikant K. Hadge