Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

Dow Jones Futures Break Out Above 8140 Given

HARI OM

WEEKLY TREND ANALYSIS OF DOW JONES FUTURES FROM 4th TO 8th MAY 2009.





UPWARD VIEW OF DOW FUTURES :-​

DOW FUT HAS CLOSED AT 8181.


DOW JONES FUT HAS PIERCED ITS IMMEDIATE TOP OF 8140 AND HAS CLOSE ABOVE IT.


DOW FUT WAS TRADING IN A RANGE FOR THE PAST FEW DAYS.


THE RANGE WAS IN BETWEEN OF 7700 8050.


YESTERDAY DOW FUT HAS GIVEN A CLOSE ABOVE ITS IMMEDIATE TOP OF 8140.


ONE CAN SAY A BREAKOUT HAS TAKEN PLACE, BUT FOR AN ACTUAL CONFIRMATION, SUSTAINING AND CLOSING ABOVE THIS IMMEDIATE TOP OF 7140 ON MONDAY IS A NECESSITY.


FOR THE WEEK AHEAD RESISTANCE FOR DOW FUT IS PEGGED AT 8298 8352 8391 8484


FURTHER UPTREND FOR DOW FUTURES IS POSSIBLE ONLY ON A CLOSING BASIS ABOVE 8298.


UNABLE TO CLOSE AND SUSTAIN ABOVE 8298 WILL BE A SIGN OF PROFIT BOOKING.


ABOVE ALL THIS HURDLES, DOW FUT CAN TEST 8484 AND ONE CAN EXPECT A REVERSAL FROM 8484 REGION & FURTHER UPTREND FOR DOW FUT WILL BEGIN ABOVE 8484 ONLY.

DOWNWARD VIEW OF DOW FUTURES:-​

SINCE DOW FUT HAS CLOSED ABOVE 8140 THE SAME REGION WILL ACT AS A CRUCIAL SUPPORT FOR FURTHER UPSIDE.


A BREACH OF 8140 WILL TAKE DOW FUT TO 8113 8070 - 8006 7956 7885 7771 7650


8113 IS THE FIRST ZONE, BELOW WHICH DOW FUT SHOULD NOT CLOSE.


A BREACH OF 8113 WILL TAKE DOW FUT TU 8070 8006 REGION.


8006 WILL ACT AS THE 1st BOUNCE BACK ZONE FOR THIS WEEK


A BREACH OF 8006 REGION AND UNABLE TO SUSTAIN AND CLOSE ABOVE 8006 WILL TAKE DOW JONES FUT TO 7956 7885 7771.


BELOW 8006 THE SECOND MOST IMPORTANT BOUNCE BACK REGION IS PEGGED AT 7771.



A CRACK OF 7771 WILL SLIDE DOW FUT TO 7650.


CONCLUSION :- SUSTAINING ABOVE 8113 IS THE FIRST PRIORITY & A CLOSE ABOVE 8298 WITH HUGE GREEN VOLUMES IS NEEDED FOR THIS UPTREND TO CONTINUE FURTHER.

SINCE THE UPTREND BEGAN FROM 7700 ON A WEEKLY BASIS FOR THE NEXT WEEK THIS SAME ZONE OF 7700 SHOULD REMAIN UN BREACHED ON A CLOSING BASIS.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

SPOT NIFTY WEEKLY TREND ANALYSIS FROM 4th MAY TO 8th MAY 2009.

HARI OM

SPOT NIFTY WEEKLY TREND ANALYSIS FROM 4th MAY TO 8th MAY 2009.​

I HAVE BEEN POSTING NIFTY FUT WEEKLY TREND ANALYSIS EVERY WEEK.


BUT FOR THE COMING WEEK, MAY NIFTY FUTURES WOULD BE IN SYNC WITH SPOT NIFTY.

THE REASON IS AS FOLLOWS:-​

1) NIFTY APRIL FUT EXPIRED ONE DAY PRIOR TO ITS ACTUAL EXPIRY DATE.


2) IMMEDIATELY AFTER THE EXPIRY, INDIAN MARKETS WERE SHUT DOWN, AND THE IMMEDIATE NEXT DAY BEEN A HOLIDAY, NO TRADES COULD BE DONE IN MAY NIFTY FUTURES.


3) FIIS COLLECT THE CURRENT WEEK DATA, TO DECIDE THE TREND FOR THE NEXT WEEK, FOR THE NIFTY FUT AS WELL AS FOR THE SENSEX. SINCE NO TRADES COULD BE INITIATED THE SAME DATA WASNT AVAILABLE TO THEM.


4) TRADERS KINDLY WATCH SPOT NIFTY LEVELS, BECAUSE SPOT NIFTY, WOULD ACT AS A GUIDE FOR MAY NIFTY FUTURES OR ATLEAST FOR THE MINIMUM FIRST TWO TRADING DAYS i.e MONDAY AND TUESDAY.

UPWARD VIEW OF SPOT NIFTY :-​

SPOT NIFTY HAS ONCE AGAIN MADE A DOJI ON THE WEEKLY CHARTS THAT SHOWS UNCERTAINTY. THE IMMEDIATE HIGH OF THIS DOJI IS PLACED AT 3517.


TRADERS FEEL THAT A CLOSE ABOVE 3517 ON DOT WOULD MARK A NEW UPTREND.
TRADERS GO WRONG IN THIS PERSPECTIVE.


SPOT NIFTY SHOULD CLOSE ABOVE 3537.


CLOSING ABOVE 3517 IS NOT SUFFICIENT.


A CLOSE ABOVE 3537 WITH HUGE GREEN VOLUMES WILL TAKE NIFTY FUT TOWARDS NEWER HIGHS.


ABOVE 3537 THE BAND OF 3578 - 3582 WILL ACT AS A MAJOR HURDLE.


ABOVE 3578 3582 NEXT RESISTANCE IS PEGGED AT 3619


THE WEEKLY UPWARD RANGE FOR THE SPOT NIFTY IS 3537 3580 - 3619.



PROFIT BOOKING IS EXPECTED AROUND 3619 AND FURTHER UPTREND FOR THE WEEK IS POSSIBLE ONLY ON A CLOSING BASIS ABOVE 3619.


SO ABOVE 3619 A NEW LEG OF BULL RUN IS EXPECTED.



IN SHORT WEEKLY RESISTANCE FOR SPOT NIFTY IS PLACED AT 3537 3580 3619 3650 3720 3789 3858.

DOWNWARD VIEW OF SPOT NIFTY :-
​

ON A WEEKLY BASIS SUPPORT FOR SPOT NIFTY IS PEGGED AT 3453 3434 3413.


IN CASE OF PROFIT BOOKING 3453 SHOULD NOT BE BREACHED OR ELSE 3413 IS EXPECTED ON CARDS.


A CLOSE BELOW 3413 WILL TAKE SPOT NIFTY TO 3383 3352 3326 3300.


3300 WILL ACT AS THE BOUNCE BACK ZONE FOR THE SPOT NIFTY FOR THE NEXT WEEK.



ON THE DAILY CHART OF SPOT NIFTY THE RED LINE IS TOUCHING THE LOWER END OF THE CANDLE STICK THAT IS PLACED AT 3296.


SO A BOUNCE BACK FROM 3300 3296 IS A MUST IN CASE OF PROFIT BOOKING.


THE 200 EMA IS PLACED AT 3395 & THE 200 DMA IS PLACED AT 3377.


SO A CLOSE BELOW THESE MAJOR MOVING AVERAGES IS NOT FAVORABLE FOR THE BULLS.


IN CASE 3300 3296 IS BREACHED THEN A FALL UPTO 3249 3241 CANT BE RULED OUT.


KINDLY WATCH THIS SPOT NIFTY LEVEL CAREFULLY. I WILL BE PROVIDING MAY NIFTY FUT WEEKLY TREND ANALYSIS A LITTLE LATER.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[columbus]

Hi nishikant,

Trading on Monthly and weekly basis are giving conflicting opinions.
If you exclude stock trading trading less tha Rs.50 ,Monthly report
is giving 560 gainers and 40 losers (http://www.traderji.com/position-trading/23294-monthly-round-up.html#post304976)
whereas weekly report is giving 180 gainers and 425 losers.

But it is advisable to trade on RECENT trend keeping long trend in view.

Without speculating further ,it amounts to state that markets are in highly over-bought
condition.

 

[Nishikant]

Bank Nifty May Fut Weekly Trend Analysis From 4th may To 8th May 2009

HARI OM

BANK NIFTY MAY FUT WEEKLY TREND ANALYSIS FROM 4TH MAY TO 8TH MAY 2009​

BANK NIFTY MAY FUT CLOSED AT 5116.

UPWARD VIEW OF BANK NIFTY MAY FUT.​

BANK NIFTY FUT WILL HAVE UPTREND ONLY TILL IT TRADES ABOVE 5119.


FOR THE WEEK AHEAD, RESISTANCE FOR BANK NIFTY FUT IS PEGGED AT 5169 5220 5271.


PROFIT BOOKING IS EXPECTED AROUND 5271.


BUT A MOVE PAST 5271 WILL TAKE BANK NIFTY FUTURES TO 5319 5420 & 5522.


MAJOR RESISTANCE FOR THE WEEK IS PEGGED AT 5319 AND A CLOSE ABOVE 5319 WITH HUGE GREEN VOULMES WILL TAKE BANK NIFTY FUT TO NEW HIGHS OR ELSE UNABLE TO SUSTAIN & CLOSE ABOVE 5319 WILL LEAD TO PROFIT BOOKING.

DOWNWARD VIEW OF BANK NIFTY FUTURES:-​

SINCE BANK NIFTY FUT WILL HAVE UPTREND ABOVE 5119 THIS REGION OF 5119 HOLDS MAJOR SIGNIFICANCE FOR THE BULLS.


A CRACK AT 5119 WILL TAKE BANK NIFTY FUT TO LOWERS AT 5067 5020.


THE 1st BOUNCE BACK ZONE BELOW 5119 IS PLACED AT 5020 4999


BELOW 5020 4999 BANK NIFTY CAN HIT LOWER ZONE AT 4950 4870.


THE SECOND CRUCIAL SUPPORT IS PEGGED AT 4870.


IF 4870 IS BREACHED THEN A FALL UP TO 4808 4745 IS EXPECTED.


THE 2nd BOUNCE BACK ZONE IS PLACED AT 4745.


THE 200 EMA OF BANK NIFTY SPOT IS PLACED AT 5011 & THE 200 DMA OF BANK NIFTY IS PLACED AT 4976.


SO A CLOSE BELOW THESE TWO MAJOR AVERAGES IS WOULD NOT BE FAVORABLE FOR THE BULLS.


I HOPE THE ABOVE INFORMATION WOULD BE HELPFUL TO ALL.


GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

Nifty May Futures Weekly Trend Analysis & Trading Calls For 04-05-09

HARI OM

NIFTY MAY FUTURES WEEKLY TREND ANALYSIS & TRADING CALLS FOR 04-05-09​

NIFTY MAY FUTURE HAS CLOSED AT 3483

UPWARD VIEW OF MAY NIFTY FUTURES
​

ON A WEEKLY BASIS TREND DECIDER FOR NIFTY FUTURES IS PLACED AT 3450.


BULLS WILL REMAIN ACTIVE TILL 3450 REMAINS INTACT ON THE LOWER SIDE.


ABOVE 3450 RESISTANCE FOR NIFTY FUT IS PEGGED AT 3508 3535 3560.


THE BAND OF 3550 3560 WILL ACT AS A BIG HURDLE FOR THE NIFTY FUTURES TO CARRY ITSELF UPWARDS.


A CLOSE ABOVE 3551 WITH HUGE GREEN VOLUMES AND SUSTAINING ABOVE 3551 IS A MUST FOR FURTHER UPTREND. UNABLE TO CLOSE ABOVE 3551 OR UNABLE TO SUSTAIN ABOVE 3551 WILL BE THE FIRST SIGN OF PROFIT BOOKING.


A MOVE PAST 3551 WILL TAKE MAY NIFTY FUT TO 3596 3640 ZONE.


PROFIT BOOKING IS EXPECTED AT 3640 OR SAY MAXIMUM 3662 AND THE TREND IS LIKELY TO REVERSE FROM THERE.



SO THE WEEKLY TRADING RANGE FOR MAY NIFTY FUTURES IS 3551 3596 3640 (MAX 3662)


FURTHER UPTREND IN NIFTY FUT WILL HAPPEN ONLY ON A CLOSING BASIS ABOVE 3640 OR MAXIMUM 3662 REGION.

DOWNWARD VIEW OF MAY NIFTY FUTURES:-​

SINCE 3450 IS THE TREND DECIDER FOR MAY NIFTY FUTURES, THE SAME 3450 REGION WILL ACT AS A STRONG SUPPORT.


A BREACH OF 3450 WILL TAKE NIFTY FUT 3420.


3420 WILL PROVIDE CUSHION FOR THE NIFTY FUTURES.


IF 3420 IS BROKEN THEN ONE CAN EXPECT A FALL UP TO 3386 3352 REGION.


3358 3352 WILL ACT AS THE FIRST ZONE OF BOUNCE BACK BUT A CRACK AT THIS ZONE WILL TAKE MAY NIFTY FUT TO 3325 3297.


3297 IS A VERY CRUCIAL ZONE FOR THIS WEEK AND IS A MAJOR SUPPORT LEVEL.


3297 WILL ACT AS THE SECOND MAJOR BOUNCE BACK ZONE FOR MAY NIFTY FUTURES.


IF 3297 IS BREACHED ON A CLOSING BASIS THEN NIFTY FUT IS LIKELY TO HIT 3241 & 3203


CONCLUSION: - A CLOSE ABOVE 3551 WITH HUGE GREEN VOLUMES IS A MUST FOR FURTHER UPTREND & 3350 3296 ZONE SHOULD NOT BE BREACHED ON A CLOSING BASIS.

TRADING CALLS FOR 04-05-09​

RIL BUY 1795 S/L 1786 TGT 1813 1831 1845 1860 & SELL 1782 S/L 1791 TGT 1774 1766 1745 - 1723


ACC BUY 653 S/L 649 TGT 657 662 666 671 & SELL 648 S/L 652 TGT 645 639 - 634



REL INFRA BUY 690 S/L 686 TGT 697 704 710 715 & SELL 684 S/L 689 TGT 679 670 665 - 660


BEL BUY 956 S/L 950 TGT 962 968 975 983 & SELL 949 S/L 954 TGT 942 933 - 925


ICICI BANK BUY 470 S/L 467.70 TGT 482 493 501 508 & SELL 466 S/L 469 TGT 461 455 443 - 430



INFOSYS BUY 1489 S/L 1480 TGT 1513 1537 1553 1568 & SELL 1478 S/L 1486 TGT 1469 1458 1430 1402



HAVE A NICE TRADING SESSION FOR THE COMING WEEK.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[praveen taneja]

Give the Water in any small tree & care,
So that they grow Up for our better life.

Plant minimum a tree every year any where & Save earth...... its our Moral Duty of Humanity.

As it is such burning hot summer Due to Global Warming..We should Contribute to save our mother earth.

"Each One - Plant One"

Save Tree,
Save Water,
Save Energy,
Save World,
Save Earth,
&
Save Humanity.
------------ --------- --------- --------- --------- --------- ----
No Caste,
No Religion,
No Language,
No Boundaries,
Only......
"HUMANITY "

 

[MurAtt]

Re: SPOT NIFTY WEEKLY TREND ANALYSIS FROM 4th MAY TO 8th MAY 2009.

SPOT NIFTY WEEKLY TREND ANALYSIS FROM 4th MAY TO 8th MAY 2009.


UPWARD VIEW OF SPOT NIFTY :-​

ABOVE 3578 3582 NEXT RESISTANCE IS PEGGED AT 3619


THE WEEKLY UPWARD RANGE FOR THE SPOT NIFTY IS 3537 3580 - 3619.



PROFIT BOOKING IS EXPECTED AROUND 3619 AND FURTHER UPTREND FOR THE WEEK IS POSSIBLE ONLY ON A CLOSING BASIS ABOVE 3619.


SO ABOVE 3619 A NEW LEG OF BULL RUN IS EXPECTED.

Your weekly target (upside cap) has been met in 25 minutes of trading.
What next?

As per your technicals, 3619 will be met with profit booking, so do you expect market to go down today?

 

[Nishikant]

your weekly target (upside cap) has been met in 25 minutes of trading.
what next?

as per your technicals, 3619 will be met with profit booking, so do you expect market to go down today?

HARI OM & ASALAM WALEQUAM


As Per My Prediction For Nifty Futures:-


"So The Weekly Trading Range For May Nifty Futures Is 3551 3596 3640 (Max 3662)


Further Uptrend In Nifty Fut Will Happen Only On A Closing Basis Above 3640 Or Maximum 3662 Region"


3636 Done As Intraday High, & Nifty Fut Up By 153 Points From Its Previous Close.


I Just Know One Thing, That 3640 Is The Last Target On A Weekly Basis, Which Is Achieved In A Day.


Maximum Upside Is 3660, And Any Further Uptrend From Hereon Will Happen Above 3640 - 3660 Only.


As Per My Analytical Software, Nifty Fut Usually Reverses From Its Final Target. So Lets See, What Happens. A Reversal Is Likely To Happen From This Zone Of 3640 - 3660.

Bulls Will Become More Powerful If And Only If Nifty Fut Sustains And Trades Above 3640 - 3660.

GANPATI BAPPA MORYA

HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[praveen taneja]

HARI OM & ASALAM WALEQUAM


As Per My Prediction For Nifty Futures:-


"So The Weekly Trading Range For May Nifty Futures Is 3551 3596 3640 (Max 3662)


Further Uptrend In Nifty Fut Will Happen Only On A Closing Basis Above 3640 Or Maximum 3662 Region"


3636 Done As Intraday High, & Nifty Fut Up By 153 Points From Its Previous Close.


I Just Know One Thing, That 3640 Is The Last Target On A Weekly Basis, Which Is Achieved In A Day.


Maximum Upside Is 3660, And Any Further Uptrend From Hereon Will Happen Above 3640 - 3660 Only.


As Per My Analytical Software, Nifty Fut Usually Reverses From Its Final Target. So Lets See, What Happens. A Reversal Is Likely To Happen From This Zone Of 3640 - 3660.

Bulls Will Become More Powerful If And Only If Nifty Fut Sustains And Trades Above 3640 - 3660.

GANPATI BAPPA MORYA

HARI OM

REGARDS,
NISHIKANT K. HADGE

Hari Om
Bro having full faith in ur calculations taken 3700 put and call at 3632 now one will become triple and other at half lets see how many days it will take whenever i exit my trade will surely post here call at 129 and put at 203:thumb:

 

[nagendra_gb]

nifty spot is struggling near 3640 area. Shall we start creating shorts since we have 2 months in a row on upside and also all markets have ran up substantially