Nifty Futures Weekly And Intraday Analysis Trend Report
- Thread starter Nishikant
- Start date
- Tags thanks tab
- Status
Nifty Fut Intraday Trend Analysis & Trading Calls For 23-04-09
HARI OM
YESTERDAY MURTAZA BHAI HAD ASKED ME ABOUT MY OPINION FOR TODAYS INTRADAY, AND I GAVE A REPLY THAT THE CURRENT TREND IS DOWN AND I GAVE AN EXPLANATION TO HIS QUESTION BY MENTIONING A FEW TECHNICAL POINTS ABOUT SPOT NIFTY.
MY JUSTIFICATION WAS ON DOT, AS YOU ALL SAW THE MARKET SLIP FURTHER AND 3300 WAS BREACHED.
BUT LATER NIFTY FUT MANAGED TO SUSTAIN & CLOSE ABOVE 3300.
I STILL REPEAT 3300 3250 IS A CRUCIAL ZONE TO WATCH OUT FOR THE NEXT TWO TRADING SESSIONS. A CLOSE BELOW THIS ZONE CAN LEAD TO PANIC AMONG TRADERS.
TOMORROW NIFTY FUT WILL HAVE UPTREND ABOVE 3329 ONLY. ABOVE 3329 NIFTY WILL FACE RESISTANCE AT 3342 3355 3372.
TREND REVERSAL IS EXPECTED AROUND 3355.
BUT A MOVE PAST 3355 WILL TAKE NIFTY FUT TO 3372 3383.
3372 3383 WILL ACT AS A STRONG HURDLE AND SUSTAINING ABOVE 3372 3383 IS A MUST FOR FURHTER RISE.
IF NIFTY FUT SUSTAINS ABOVE 3372 - 3383 THEN FURTHER RISE UPTO 3409 3434 3462 IS EXPECTED ON CARDS.
FOR THE NEXT TWO DAYS OF THE WEEK, NIFTY FUT HAS TO CLOSE ABOVE 3357 3361.
NIFTY FUT WILL ALWAYS RISE UP AND AGAIN COME BACK TO RETEST ITS LOWER LEVELS TILL IT DOES NOT CLOSE ABOVE 3357 3361.
SO A CLOSE ABOVE 3357 3361 IS A MUST FOR THE LAST TWO DAYS IN THE WEEK.
FOR TOMORROW 3309 IS A CRUCIAL SUPPORT FOR NIFTY FUTURES.
A BREACH OF 3309 WILL TAKE NIFTY FUTURES TO 3288 3254 3221.
3254 3250 WILL ACT AS A BOUNCE BACK ZONE.
A CRACK OF 3254 3250 DURING INTRADAY WILL BE PAINFUL FOR THE BULLS.
RIL BUY 1718 S/L 1707 TGT 1732 1750 & SELL 1705 S/L 1714 TGT 1699 1676
BAJAJHLDNG BUY 420 S/L 395 TGT 435 450 467 485 & SELL 393 S/L 401 TGT 378 362 338 312
LICHSGFIN BUY 303 S/L 292 TGT 309 313 318 & SELL 290 S/L 296 TGT 285 278 270
REL INFRA BUY 678 S/L 674 TGT 685 691 704 717 & SELL 673 S/L 677 TGT 663 654 645 - 636
IVRCL INFRA BUY 157 S/L 154 TGT 163 171 & SELL 153 S/L 156.50 TGT 148 143
HAVE A NICE TRADING SESSION TOMORROW
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
HARI OM
NIFTY FUT INTRADAY TREND ANALYSIS AND TRADING CALLS FOR 23-04-09
YESTERDAY MURTAZA BHAI HAD ASKED ME ABOUT MY OPINION FOR TODAYS INTRADAY, AND I GAVE A REPLY THAT THE CURRENT TREND IS DOWN AND I GAVE AN EXPLANATION TO HIS QUESTION BY MENTIONING A FEW TECHNICAL POINTS ABOUT SPOT NIFTY.
MY JUSTIFICATION WAS ON DOT, AS YOU ALL SAW THE MARKET SLIP FURTHER AND 3300 WAS BREACHED.
BUT LATER NIFTY FUT MANAGED TO SUSTAIN & CLOSE ABOVE 3300.
I STILL REPEAT 3300 3250 IS A CRUCIAL ZONE TO WATCH OUT FOR THE NEXT TWO TRADING SESSIONS. A CLOSE BELOW THIS ZONE CAN LEAD TO PANIC AMONG TRADERS.
FOR TOMORROWS INTRADAY TRADE
UPWARD VIEW OF NIFTY FUTURES
UPWARD VIEW OF NIFTY FUTURES
TOMORROW NIFTY FUT WILL HAVE UPTREND ABOVE 3329 ONLY. ABOVE 3329 NIFTY WILL FACE RESISTANCE AT 3342 3355 3372.
TREND REVERSAL IS EXPECTED AROUND 3355.
BUT A MOVE PAST 3355 WILL TAKE NIFTY FUT TO 3372 3383.
3372 3383 WILL ACT AS A STRONG HURDLE AND SUSTAINING ABOVE 3372 3383 IS A MUST FOR FURHTER RISE.
IF NIFTY FUT SUSTAINS ABOVE 3372 - 3383 THEN FURTHER RISE UPTO 3409 3434 3462 IS EXPECTED ON CARDS.
FOR THE NEXT TWO DAYS OF THE WEEK, NIFTY FUT HAS TO CLOSE ABOVE 3357 3361.
NIFTY FUT WILL ALWAYS RISE UP AND AGAIN COME BACK TO RETEST ITS LOWER LEVELS TILL IT DOES NOT CLOSE ABOVE 3357 3361.
SO A CLOSE ABOVE 3357 3361 IS A MUST FOR THE LAST TWO DAYS IN THE WEEK.
DOWNWARD VIEW OF NIFTY FUTURES
FOR TOMORROW 3309 IS A CRUCIAL SUPPORT FOR NIFTY FUTURES.
A BREACH OF 3309 WILL TAKE NIFTY FUTURES TO 3288 3254 3221.
3254 3250 WILL ACT AS A BOUNCE BACK ZONE.
A CRACK OF 3254 3250 DURING INTRADAY WILL BE PAINFUL FOR THE BULLS.
TRADING CALLS FOR 23-04-09
RIL BUY 1718 S/L 1707 TGT 1732 1750 & SELL 1705 S/L 1714 TGT 1699 1676
BAJAJHLDNG BUY 420 S/L 395 TGT 435 450 467 485 & SELL 393 S/L 401 TGT 378 362 338 312
LICHSGFIN BUY 303 S/L 292 TGT 309 313 318 & SELL 290 S/L 296 TGT 285 278 270
REL INFRA BUY 678 S/L 674 TGT 685 691 704 717 & SELL 673 S/L 677 TGT 663 654 645 - 636
IVRCL INFRA BUY 157 S/L 154 TGT 163 171 & SELL 153 S/L 156.50 TGT 148 143
HAVE A NICE TRADING SESSION TOMORROW
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
Last edited:
Bank Nifty Futures Intraday Trend Analysis For 23-04-09
HARI OM
FOR TOMORROW RESISTANCE FOR BANK NIFTY IS PEGGED AT 4819 4900 5004
UPTREND WILL INITIATE ONLY IF BANK NIFTY SUSTAINS ABOVE 4819.
A CLOSE ABOVE 4970 IS NEEDED TO REGAIN THE BULL RUN.
ON THE LOWER SIDE, CRUCIAL SUPPORT FOR BANK NIFTY IS PEGGED AT 4794.
A BREACH OF 4794 WILL TAKE BANK NIFTY TO 4745 4695.
4745 HAPPENS TO BE A TREND DECIDER ON A WEEKLY BASIS.
A CLOSE BELOW 4745 OR UNABLE TO SUSTAIN ABOVE 4745 DURING INTRADAY TOMORROW, WILL BRING BACK THE BEARS IN FULL SWING.
4695 4673 IS THE LAST HOPE IN CASE OF A MAJOR FALL AND A BOUNCE BACK FROM 4695 - 4673 CAN BE EXPECTED.
HAVE A NICE TRADING SESSION TOMORROW.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
HARI OM
BANK NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 23-04-09
FOR TOMORROW RESISTANCE FOR BANK NIFTY IS PEGGED AT 4819 4900 5004
UPTREND WILL INITIATE ONLY IF BANK NIFTY SUSTAINS ABOVE 4819.
A CLOSE ABOVE 4970 IS NEEDED TO REGAIN THE BULL RUN.
ON THE LOWER SIDE, CRUCIAL SUPPORT FOR BANK NIFTY IS PEGGED AT 4794.
A BREACH OF 4794 WILL TAKE BANK NIFTY TO 4745 4695.
4745 HAPPENS TO BE A TREND DECIDER ON A WEEKLY BASIS.
A CLOSE BELOW 4745 OR UNABLE TO SUSTAIN ABOVE 4745 DURING INTRADAY TOMORROW, WILL BRING BACK THE BEARS IN FULL SWING.
4695 4673 IS THE LAST HOPE IN CASE OF A MAJOR FALL AND A BOUNCE BACK FROM 4695 - 4673 CAN BE EXPECTED.
HAVE A NICE TRADING SESSION TOMORROW.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
crucial days ahead
for nifty 3309 is stll working as a support,,though breached for a while intraday yesterday,but still holds true as ,somehow nifty managed to close above it.for the upside now a close above 3376 should be enough to resume the uptrend.
on 29th march, i mentioned about a probable head and shoulder pattern developing on dow chart...at that point of time there was no right shoulder at all,so i wrote that ,it will be crucial how a few weeks time passes on ,,,http://www.bestfreecharts.com/?emai...028dcb611cf6&gclid=CPTq86iJ0pkCFRcJbwodjDcQvA open this link and one can easily see right shoulder on dow chart ,,,now !!.
a word of caution here......though it seems that inverted h&s is developing on dow,,,,it needs a break-out of the neckline...approx. recent high.....and another look on dow daily chart also suggests that ,,may be a rounding top pattern is forming on the daily charts....so if dow cant break out of its recent highs in a few days time,,,,the whole rally may fizzle out...this is all technical analysis is all about..in any case though a big trading opportunity is on the cards on either side.
nifty has supports at around 3300,,,and 3128 levels ,so watch these levels.
......jai sai nath....
for nifty 3309 is stll working as a support,,though breached for a while intraday yesterday,but still holds true as ,somehow nifty managed to close above it.for the upside now a close above 3376 should be enough to resume the uptrend.
on 29th march, i mentioned about a probable head and shoulder pattern developing on dow chart...at that point of time there was no right shoulder at all,so i wrote that ,it will be crucial how a few weeks time passes on ,,,http://www.bestfreecharts.com/?emai...028dcb611cf6&gclid=CPTq86iJ0pkCFRcJbwodjDcQvA open this link and one can easily see right shoulder on dow chart ,,,now !!.
a word of caution here......though it seems that inverted h&s is developing on dow,,,,it needs a break-out of the neckline...approx. recent high.....and another look on dow daily chart also suggests that ,,may be a rounding top pattern is forming on the daily charts....so if dow cant break out of its recent highs in a few days time,,,,the whole rally may fizzle out...this is all technical analysis is all about..in any case though a big trading opportunity is on the cards on either side.
nifty has supports at around 3300,,,and 3128 levels ,so watch these levels.
......jai sai nath....
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices | Options | 7 | |
| R | Bank Nifty Futures | Trading Diary | 20 | |
| M | Nifty Futures - 1 min - Pre-2010 data | Intraday | 1 | |
| N | Need Nifty futures EOD data for last 3-5 years | End of Day | 3 | |
|
Request for Nifty/Bank Futures Nifty Tick Data | Intraday | 2 |
Similar threads
-
NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices
- Started by allex418
- Replies: 7
-
-
-
-