Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

BANK NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 18th MAY TO 22nd MAY 2009

HARI OM

BANK NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 18th MAY TO 22nd MAY 2009
​

BANK NIFTY FUTURES HAS CLOSED AT 5705.

UPWARD VIEW OF BANK NIFTY FUTURES:-
​

FOR THE WEEK AHEAD, BANK NIFTY FUTURES HAS GOT A RESISTANCE AT 5788 REGION.



A CLOSE ABOVE 5788 WILL MAKE IT STRONGER.



ABOVE 5788 BANK NIFTY CAN RISE UP TO 5848 5899 5906 5939 6011.



5939 WILL ACT AS A STRONG HURDLE. AND SUSTAINING ABOVE 5939 AND CLOSING ABOVE 5939 WILL TAKE BANK NIFTY FUTURES HIGHER.



AS PER MY ANALYSIS 6011 6023 IS THE MAXIMUM RANGE FOR BANK NIFTY AS FAR AS THIS WEEK IS CONCERNED.



A SHARP REVERSAL FROM 6011 6023 IS EXPECTED.


"DUE TO THE POSITIVE ELECTION RESULTS THERE ARE RUMORS THAT THE INDIAN STOCK MARKETS WILL SEE A BIG BULL RUN"



THEREFORE I WOULD LIKE TO MENTION FURTHER TARGETS, IF BANK NIFTY FUTURES MOVES PAST 6011 6023 AND SUSTAINS ABOVE 6011 6023 WITH HUGE GREEN VOLUMES.



ABOVE 6011 6023 BANK NIFTY FUTURES MAY RISE UP TO 6158 6267 6375.



I AM STILL INSISTING THAT THE MAXIMUM RALLY FOR BANK NIFTY WOULD BE UP TO 6011 6023.




TARGETS MENTIONED ABOVE 6011 6023 ARE FOR THOSE FELLAS WHO HAVE BECOME VERY MUCH BULLISH ABOUT OUR INDIAN STOCK MARKET AFTER THE ELECTION RESULTS ARE DECLARED.

DOWNWARD VIEW OF BANK NIFTY FUTURES:-​

5555 WILL ACT AS STRONG SUPPORT FOR BANK NIFTY IN CASE OF PROFIT BOOKING.



BREACH OF 5555 WILL TAKE BANK NIFTY FUTURES TO 5500 5444.



5444 IS THE 1st BOUNCE BACK REGION FOR BANK NIFTY FUTURES.



UNABLE TO SUSTAIN AND CLOSE ABOVE 5444 WILL TAKE BANK NIFTY FUTURES TO 5250 - 5130 5068 - 5008 4977.


5250 WILL ACT AS THE SECOND BOUNCE BACK REGION AND UNABLE TO HIT BACK FROM 5250 WILL TAKE BANK NIFTY FUTURES TO MORE LOWER REGIONS.



5130 WILL PROVIDE A LITTLE CUSHION AND A BREACH OF 5130 OR UNABLE TO TRADE ABOVE 5130 WILL TAKE BANK NIFTY FUTURES TO 5068.



5068 WOULD BE THE LAST HOPE FOR THE BULLS. AND FAILURE TO HIT BACK FROM 5068 WILL TAKE BANK NIFTY FUTURES TO THE ABOVE LOWER ZONES MENTIONED ABOVE.



HAVE A NICE TRADING SESSION FOR THE WEEK AHEAD.


GANPATI BAPPA MORYA



HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[columbus]

Re: Nifty Futures Intraday Trend Analysis & Trading Calls For 180509

AROUND 50 CALLS ON MY CELL HAVE COME IN AND ALL THAT I CAN HEAR IS PEOPLE SAYING THIS MARKET WILL GAP UP TOMORROW


THE HEIGHT OF AMAZEMENT WAS AT A MOMENT WHEN 30% PEOPLE SAID THAT THE MARKET TOMORROW WILL HIT UPPER FREEZE.

Nishikant,

Thanks for info.To be frank,I expected a POLL Question of similar fashion
on Traderji.Though sampling interval is less ,the information is more.

 

[Nishikant]

NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 18th MAY TO 22nd MAY 2009

HARI OM

NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 18th MAY TO 22nd MAY 2009.​

NIFTY FUTURES HAS CLOSED AT 3684.

UPWARD VIEW OF NIFTY FUTURES:-​

A CLOSE ABOVE 3672 WAS MINIMUM NEEDED BY NIFTY FUTURES FOR THE UPTREND TO BE CONTINUED FOR THE NEXT WEEK.


AND NIFTY FUTURES HAS MANAGED TO CLOSE ABOVE 3672.


3745 3752 IS THE IMMEDIATE HURDLE FOR THE COMING WEEK.




UPTREND VISIBLE ONLY IF NIFTY FUT SUSTAINS AND CLOSES ABOVE 3745 3752 REGION.


ABOVE 3745 3752 RESISTANCE FOR NIFTY FUTURES IS PLACED AT 3792 3801 3819 3841 3851.


3819 WILL ACT AS A BIG HURDLE FOR THE NIFTY FUTURES TO MOVE UPWARDS.



A REVERSAL IS EXPECT AT 3819 BUT ONLY UPON SUSTAINING ABOVE 3819 NIFTY FUTURES CAN RALLY UPTO 3841 3851 ZONE.


VERY IMPORTANT: - (SPOT NIFTY OUTLOOK)

KINDLY KEEP A WATCH ON SPOT NIFTY, SPOT NIFTY SUSTAINING ABOVE 3820 OR CLOSING ABOVE 3820 WITH HUGE GREEN VOLUMES WILL BE BAD NEWS FOR THE BEARS.




"FOR NIFTY FUTURES, I EXPECT A MAXIMUM RALLY UP TO 3819 3841 3850" AND FROM THE MAXIMUM PEAK OF 3850 THERE IS A BIG CHANCE THAT NIFTY FUTURES WILL REVERSE ITS TREND.



ANY FURTHER UP MOVE IN NIFTY FUTURES WILL HAPPEN ONLY ON A CLOSING BASIS ABOVE 3819 3841 3850 ONLY.


THERE IS AN OVER EXAGGERATED FEELING AND A HUGE FEELING OF A GIGANTIC UP MOVE IN THE INDIAN STOCK MARKET DUE TO ELECTION RESULTS.


THE MAXIMUM WEEKLY RANGE OF 3819 3850 IS PROJECTED BY ME.


IF NIFTY FUTURES CLOSES ABOVE 3819 3850 THEN WHERE WOULD THE MARKET HEAD IS THE BIG QUESTION???????




"REMEMBER THE EXTERNAL WAVE OF SPOT NIFTY THAT WAS MENTIONED EARLIER".


THE EXTERNAL WAVE MENTIONED EARLIER WAS 2500 3323 4108


THIS SAME WAVE IS NOW MENTIONED AS 3323 3716 - 4108


ABOVE 3716 SPOT NIFTY CAN RALLY UP TO 3819 3850.


AND ONLY ON A CLOSING BASIS ABOVE 3819 3850 SPOT NIFTY CAN FURTHER RALLY UP TO 3912 4010 4108.



WHERE HAS 3912 4010 4108 EMERGE FROM???????


3912 4010 4108 IS THE INTERNAL WAVE OF THE ABOVE MENTIONED WAVE OF 3323 3716 4108.


I STILL ADHERE TO MY PREVIOUS WORDS, FOR ME 3819 3850 IS THE MAXIMUM RANGE FOR THE NIFTY FUT FOR THIS WEEK.


ALL THE ABOVE MENTIONED TARGETS WILL BE VISIBLE ONLY IF NIFTY FUTURES SUSTAINS AND CLOSES ABOVE 3717 - 3752 3819 3850.



CONCLUSION:- 1st RESISTANCE 3745 - 3752, CLOSE ABOVE 3745 - 3752 WILL TAKE NIFTY FUTURES TO 3819.

TREND REVERSAL EXPECTED AROUND THE 3819 - 3850 BAND.

THE BAND OF 3819 - 3850 IS THE MAXIMUM WEEKLY RANGE, AND THE SAME BAND OF 3819 - 3850 WILL ACT AS A MAJOR HURDLE.

FURTHER UPTREND TO HAPPEN ONLY ON A CLOSING BASIS ABOVE 3819 - 3850 WITH HUGE GREEN VOLUMES.

DOWNWARD VIEW OF NIFTY FUTURES:-​

ON THE LOWER SIDE 3655 3628 3600 IS THE CRUCIAL SUPPORT FOR NIFTY FUTURES.


BELOW 3655 3650 NIFTY WILL SHOW WEAKNESS.


NIFTY FUTURES SHOULD HOLD ABOVE 3600 IN CASE OF PROFIT BOOKING.



UNABLE TO HOLD ABOVE 3600 WIL TAKE NIFTY FUTURES TO 3572 3530 3472 3444 3410 3392 3347.


3472 IS THE 1st BOUNCE BACK REGION FOR THE WEEK AND NIFTY FUTURES SHOULD SUSTAIN ABOVE 3472.




FAILURE TO SUSTAIN ABOVE 3472 CAN TAKE IT DOWN TO THE SECOND BOUNCE BACK ZONE OF 3437.


SINCE 3437 IS THE SECOND BOUNCE BACK REGION, NIFTY FUTURES SHOULD STRONGLY REVERSE FROM THAT REGION OF 3437.


UNABLE TO SUSTAIN AND HIT BACK FROM 3437 WILL TAKE NIFTY FUTURES TO THE LOWER REGIONS MENTIONED ABOVE.



HAVE A NICE TRADING SESSION FOR THE COMING WEEK



GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[RakeshG]

Nishakant

Thanks for the posts. Its been great help almost everyday.

From your messages, to summarise all levels mentioned above for the convenience of everyone:

Nifty can move between 3347 - 4108 in the coming week & the steps could be

3347 - 3392 - 3410 - 3444 - 3472 - 3530 - 3579 - 3602 - 3625 - 3650 - 3672 - 3708 - 3726 - 3745 - 3752 - 3792 - 3801 - 3841 - 3851 - 3912 - 4010 - 4108

Looking forward for valuable info/ levels.

 

[WOD]

Hi Nishikant,

Your support and resistence levels are freaking unbelievable; sometime back I did not used to follow it but makes me think like now I got to use them for better results at trading.:thumb:

I am thinking of using your levels with my simple pivot based trading...I will post my result on the same.

I had suffered a huge loss on satyam as well as on nifty futures in last 5 months, even lost my 80% of capital; and now left with 20% remaining and some hard learned lessons I am very much confident of making a breakeven using your levels. Hope you will stay here for quite some time.

Hi columbus,

Hope your are doing great my friend.

Like a real friend you always advised me to follow trend but I did not really follow it and paid for the same. Even after following pivot based system and getting good results after that I still continued to make adhoc trading calls.

But now that all gonna change; I have made a trading plan for myself and with greatest degree of desciplane I am gonna follow it.

Hi PT,

Your hero or zero game has tought me trading options....great thanks to you for the same. Did not win at last option trade made on april expiry day but did not even loose.


Once again Nishikant,

Got to admit that you have made me come here at traderji once again; with your help and my friend columbs( who is frequent visitor of this trade), I am sure to come from back to become a successful nifty trader.

Cant find thanks button here so except my thanks here.

Thanks.

 

[columbus]

Cant find thanks button here so except my thanks here.

THANKS button appears ,once you cross 50 posts,I suppose.

 

[WOD]

Hi Columbus/Nishikant/PT,

You guys are senior traders and have been in this buiseness since years. So it would be my honour to get my trading plan reviewed by you. Posting this plan here would be like diverting intention of this thread so I am creating another thread under derivatives section and putting up my plan their.

I would be thankful to you guys if you could make suggestion to my trading plan. (so focused on converting my defeat to a great victory at trading).


Thanks.
WOD

 

[Nishikant]

Nishakant

Thanks for the posts. Its been great help almost everyday.

From your messages, to summarise all levels mentioned above for the convenience of everyone:

Nifty can move between 3347 - 4108 in the coming week & the steps could be

3347 - 3392 - 3410 - 3444 - 3472 - 3530 - 3579 - 3602 - 3625 - 3650 - 3672 - 3708 - 3726 - 3745 - 3752 - 3792 - 3801 - 3841 - 3851 - 3912 - 4010 - 4108

Looking forward for valuable info/ levels.

HARI OM

IN SHORT, YOU MISSED THIS PART DEAR :thumb:


"CONCLUSION:- 1st RESISTANCE 3745 - 3752, CLOSE ABOVE 3745 - 3752 WILL TAKE NIFTY FUTURES TO 3819.


TREND REVERSAL EXPECTED AROUND THE 3819 - 3850 BAND.

THE BAND OF 3819 - 3850 IS THE MAXIMUM WEEKLY RANGE, AND THE SAME BAND OF 3819 - 3850 WILL ACT AS A MAJOR HURDLE.


FURTHER UPTREND TO HAPPEN ONLY ON A CLOSING BASIS ABOVE 3819 - 3850 WITH HUGE GREEN VOLUMES"


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[bijovyppil]

Re: Bijovyppil

Hello Dear Friend,

Hari Om

I Appreciate Your Efforts. Using My Analysis In Accordance With The Flow Method. Awesome Man. Hats Off To You :clap:


"Someday, May Be You Would Come Up With Some New Strategy By Mixing Up Both This Analysis Together And You Could Start A New Thread That Would Be Very Much Helpful For All The Traders At TJ."


Kindly Share Those Results That You Derive After Using Both This Analysis. I Would Be Obliged.


Take Care.


GANPATI BAPPA MORYA


HARI OM


Regards,
Nishikant K. Hadge

Thank you Nishikant for the motivation.. as you said mixing flow method with your analysis seems excellent .. and it helped me many a times to book partial profits and remain in profit zone eventhough our trade got reversed....


In flow method maximum result is obtained only if we stay till the end...and we should be devoid of any news,r\s levels in our mind...But there are some days we end in loss after getting a good start and SAR levels got hit... hence i use your r\s levels just for partial profit booking..its working well for me...but i use it only for those sideways days,considering the overall market sentiment and previous 6 months daily chart( for identifying sideways consolidation)


frankly, all resistance \supports are to be broken one day... and flow traders get their maximum profits on those days and the following ones...

Nishikant ,you are doing an excellent job here.. your r\s levels are spot on...but i feel u r not getting the appreciation which u fully deserve... dont know why ? Any how Hats off to you from my part...and best wishes
thank you
bijo

( this is my contact id --bijovyppil@ gmail.com..i want to share some thoughts with you,if you dont mind)

 

[aravinthrajm]

Hello guys,

Hope these levels would be useful for you.

3670 above 3714-3727-3744-3761-3788-3818-3838-3952-3970.
3640 below 3595-3569-3566-3521-3455-3378-3345.

These levels are for intraday only.

Have a nice day.