Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

3405 Target Banged

Maximum Rally Upto 3399  3417 Is Expected & Reversal Is Expected From This Zone. Hari Om.

As Predicted Today Above 3378 Nifty Futures Banged The Target Of 3392 & 3405

As Per Prediction In Yesterdays Post 3399 - 3417 Is Reversal Zone. Nifty Fut Made High 3415 & Reversed.

GANPATI BAPPA MORYA

HARI OM
Regards,
Nishikant K. Hadge

 

[Nishikant]

3417 Acted As A Wall

HARI OM

My Prediction For Today Was :-

"Maximum Rally Upto 3399  3417 Is Expected & Reversal Is Expected From This Zone"

Nifty Futures Made A High Of 3424, My Predicted Trend Reversal Zone Was 3417.

From 3424 Nifty Fut Sharply Reversed & Hit Bottom At 3346.

Prediction Banged Again.

GANPATI BAPPA MORYA

HARI OM

Regards,
Nishikant K. Hadge

 

[Nishikant]

Nifty Intraday Chart Attached

HARI OM

THIS IS WHAT I WAS TRYING TO SAY

THE HIGHEST PEAK OF NIFTY SPOT FOR INTRADAY CAN BE SEEN IN THE INTRADAY CHART ATTACHED ABOVE.

NIFTY SPOT DID REVERSE FROM 3417 & CAME DOWN TO 3346.

REGARDS,
NISHIKANT K. HADGE

 

[MurAtt]

So what abt tomorrow? Mkts moving up or down?

 

[Nishikant]

Current Trend Is Down

ASALAM WALEQUAM MURTAZA BHAI & HARI OM DEAR FRIENDS


IN THE ABOVE PICTURE OF SPOT NIFTY DAILY.


KINDLY SEE ABOVE THE RED LINE.


A "INVERTED SAUCER" OR SAY A "ROUNDING TOP" FORMATION HAS BEEN CREATED.



THIS PATTERN OR FORMATION HAS BEARISH IMPLICATIONS. UNLESS AND UNTIL THE IMMEDIATE HIGH OF THE TOP OF THE SAUCER IS NOT BROKEN UPWARDS, THERE WONT BE ANY FURTHER UPTREND.


3511 IS THE IMMEDIATE TOP OF THIS SAUCER OR SAY THE ROUNDING TOP. SO 3511 HAS TO BE BROKEN UPWARDS ON A CLOSING BASIS DECISIVELY.


IF YOU LOOK AT THE ABOVE PICTURE OF SPOT NIFTY DAILY, SPOT NIFTY HAS BEEN MAKING "LOWER HIGH & LOWER LOW" FORMATION.




IT IS MAKING A NEW HIGH BELOW THE PREVIOUS DAYS HIGH AND IT IS MAKING A NEW LOW BELOW THE PREVIOUS DAYS LOW.


THIS IS ANOTHER BEARISH PATTERN IN THE MAKING.


FOR EXAMPLE :-

FROM 16 - 04 - 09 TILL 21 - 04 - 09 THE FOLLOWING HIGH & LOWS ARE VISIBLE

HIGH - 3511.25 - 3489 - 3441 - 3414

LOW - 3354 - 3359 - 3339 - 3309


IF YOU SEE THE RED LINE CAREFULLY, IT IS CONNECTING THE LOWER ENDS OF THOSE CANDLE STICKS, AND THE LOWER ENDS ARE AT 3307 AS ON 9-04-09 & 3309 AS ON TODAY.



THE HIGH AS ON 06 - 04 - 09 IS PLACED AT 3304.


THUS THE BOTTOM OF THE INVERTED SAUCER OR SAY THE ROUNDING TOP IS AT 3300 ZONE.




AGAIN SPOT NIFTY HAS BEEN CLOSING BELOW ITS 200 EMA & 200 DMA THAT IS PLACED AT 3394 & 3402.


SO A MINIMUM CLOSE ABOVE THE MAJOR MOVING AVERAGES IS A MUST OR ELSE A BREAK DOWN FURTHER IS EXPECTED ON CARDS.


AS MENTIONED IN THE WEEKLY TREND REPORT 3250 IS THE LAST HOPE FOR THE BULLS. A CLOSE BELOW 3300 - 3250 AND MORE DAMAGE IS EXPECTED FOR THE BULLS.




I HOPE I COULD NOT GIVE ANY SIMPLER EXPLANATION THEN THIS ONE.


KHUDHA HAFEEZ AND HARI OM EVERYBODY.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[bijovyppil]

nishikant,
You r doing some great work buddy... keep going:thumb:

waiting for ur further posts...

regards
bijo

 

[nimish01]

that was so awesome man!!!
btw where did u learn to read n plot graphs???
which software u use???
can u give me the thread link if u learnt it from this forum!!!
it would be really kind if u can guide me through it
so that i can increase my knowledge a bit

 

[Nishikant]

Nifty Futures Intraday Trend Analysis & Trading Calls For 22-04-09

HARI OM


NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 22-04-09

UPWARD VIEW OF NIFTY FUTURES:-​

FOR TOMORROW UPTREND IN NIFTY FUTURES WILL INITIATE ABOVE 3359.


BULLS WILL BE ACTIVE ABOVE 3359 ONLY.


ABOVE 3359 RESISTANCE IS PEGGED AT 3371 3384 3401


THE BAND OF 3401 3412 WILL ACT AS A MAJOR HURDLE FOR NIFTY FUTURES.


ANY FURTHER RISE WILL OCCUR ONLY UPON SUSTAINING ABOVE THIS CRUCIAL BAND OF 3401 - 3412.



ABOVE 3401 3412 REISTANCE IS PEGGED AT 3437 3463 3489


TOMORROW A CLOSE ABOVE 3457 IS NEEDED FOR THE BULLS TO MAKE A COMEBACK IN THE MARKET.



FAILURE TO SUSTAIN AND CLOSE ABOVE 3457 WOULD BE A SIGN OF WEAKNESS TO GO UPWARDS.

DOWNWARD VIEW OF NIFTY FUTURES:-​

ON THE LOWER SIDE, CRUCIAL SUPPORT FOR NIFTY FUT IS PEGGED AT 3339.


A CRACK AT 3339 AND INABILITY TO TRADE OR SUSTAIN ABOVE 3339 WILL TAKE NIFTY FUTURES TO 3302 3286 3253.


3286 WILL ACT AS A BOUNCE BACK ZONE, BUT IF 3286 IS BROKEN THEN 3253 IS EXPECTED ON CARDS.


IF 3253 IS BREACHED DURING INTRADAY THEN NIFTY FUT CAN FALL DOWN FURTHER TO 3232 3208.


CONCLUSION :- FOR AN UPTREND SUSTAINING ABOVE 3359 IS A MUST, & A CLOSE ABOVE 3457 WOULD BE AN ADDED ADVANTAGE.


3298 3300 WILL ACT AS A CUSHION IN CASE OF PROFIT BOOKING AND IN WORST TO WORST CIRCUMSTANCES A MIMIMUM CLOSE ABOVE 3250 IS A MUST.

TRADING CALLS FOR 22-04-09​

RIL BUY 1712 S/L 1702 TGT 1727 1752 & SELL 1699 S/L 1708 TGT 1687 1664


DLF BUY 240 S/L 232 TGT 248 254 - 260 & SELL 230 S/L 236 TGT 224 216 208


UTVSOFT BUY 360 S/L 336 TGT 385 410 & SELL 330 S/L 340 TGT 310 265


RELINFRA BUY 677 S/L 673 TGT 686 700 & SELL 672 S/L 675 TGT 662 - 649


BHARTI AIRTEL BUY 725 S/L 708 TGT 745 775 & SELL 705 S/L 712 TGT 685 650


HAVE A NICE TRADING SESSION TOMORROW


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

3359 Predicted Low Taken By Nifty Futures



HARI OM


As Predicted Yesterday


"Bulls Will Be Active Above 3359 Only"


Check Out The Low Of Nifty Futures As Of Now.


Its 10:20 In The Morning


Nifty Futures Intraday Low Is 3360 And Now The Time Is 10:20 In The Morning.


3359 Is A Crucial Zone For The Bulls For Intraday. Uptrend Will Happen Above 3359 Only.


Have A Nice Trading Session


GANPATI BAPPA MORYA


HARI OM


Regards,
Nishikant K. Hadge

 

[Nishikant]

3386 Bounce Back Zone Tested

HARI OM

As Per My Prediction

"3286 Will Act As A Bounce Back Zone, But If 3286 Is Broken Then 3253 Is Expected On Cards"


Low Made 3288 & Now 3308

3286 Crucial For Further Trading Session

Regards,
Nishikant K. Hadge