Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

May 3400 CE Weekly Trend Analysis

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HARI OM PRAVEEN JI


UPWARD VIEW OF MAY 3400 CALL


THE TREND DECIDER FOR THE MAY 3400 CALL IS 207.


UPTREND WILL BEGIN ONLY ON A CLOSING BASIS ABOVE 207.


ABOVE 207 RESISTANCE IS PEGGED AT 224 232 240 246 258 275 296 309


232 240 246 ARE THE TREND REVERSAL ZONES. SELLING PRESSURE CAN BE VISIBLE AROUND THIS ZONES.


FURTHER UPTREND WILL BE ONLY ON A CLOSING BASIS ABOVE 248.


DOWNWARD VIEW OF MAY 3400 CALL



ON THE LOWER SIDE 173 IS THE BOUCE BACK REGION & IT SHOULD NOT BE BREACHED.


A CRACK OF 173 WILL TAKE MAY 3400 CALL TO 157 151 REGION.


151 150 IS THE LAST HOPE FOR THE BULLS.


IF 150 IS BROKEN THEN FURTHER FALL UPTO 140 128 105 NOT RULED OUT.


I HOPE THIS INFORMATION WILL DO THE NEEDFUL.


GANPATI BAPPA MORYA


HARI OM

REGARDS,
NISHIKANT K. HADGE

 

[praveen taneja]

This is not relevant to this thread, but Praveenji, be careful of CAs (and lawyers). Both give advice that can be dangerous.

Some CAs are hand-in-glove with the tax-wallah. They tip them off about the weak points of someone's return. Then when the notice comes, the CA tells the client that the matter can be easily resolved with a "few" rupees! This of course is shared with the tax-wallah.

I Dont care about Tax wallah bcoz CA is my Sala:rofl::rofl::rofl:

 

[praveen taneja]

Thanx bro for the nice and detailed reply

 

[vasa1]

I Dont care about Tax wallah bcoz CA is my Sala....

In that case you are a WINNER :clap::clapping::thumb:

 

[praveen taneja]

In that case you are a WINNER :clap::clapping::thumb:

I know brother thats why was not worried about monetarily but tension of paper work was killing me now hav all is fine

 

[Nishikant]

Weekly Trend Analysis Of Nifty Futures From 13-04-09 to 17-04-09

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HARI OM

WEEKLY TREND ANALYSIS OF NIFTY FUTURES FROM 13-04-09 TO 17-04-09 & TRADING CALLS FOR 13-04-09



FOR THE COMING WEEK TREND DECIDER FOR NIFTY FUTURES IS PLACED AT 3300


BULLS WILL BE ACTIVE ABOVE 3300 ONLY. BELOW 3300 BEARS LIKELY TO POUNCE ON THE BULLS.


THIS THREAD IS MEANT FOR NIFTY FUTURES, BUT LET US PEAK A LITTLE INTO SPOT NIFTY.



SPOT NIFTY COULD NOT CLOSE ABOVE ITS 200 EMA & ITS 200 DMA ON THE LAST DAY OF THE WEEK AND THAT HAS LEAD TO CURIOSITY BY THE TRADERS.


SHORT SELLERS ARE BADLY TRAPPED IN THIS BEAR TRAP AND A CLOSE BY SPOT NIFTY ABOVE THE 200 EMA & THE 200 DMA WILL PRESS THE PANIC BUTTON.


THE 200 EMA FOR SPOT NIFTY IS PLACED AT 3395 & THE 200 DMA FOR SPOT NIFTY AGAIN IS PLACED AT 3437.



UPTREND STARTED AFTER SPOT NIFTY MADE ITS NEW 52 WEEK LOW AT 2253.


ABOVE THE 52 WEEK LOW OF 2253 THERE ARE THREE RESISTANCES FOR SPOT NIFTY AND THEY ARE 2500 3323 4100


WHEN SPOT NIFTY MADE A LOW OF 2539, I HAD WARNED MY CLIENTS AND A FEW MEMBERS OF TRADERJI, WHO ARE THERE AT MY YAHOO MESSENGER, THAT THERE CAN BE A BOUNCE BACK AND BEARS WILL BE TRAPPED. I TOLD EVERYONE TO COVER SHORT IN ALL COUNTERS AND COVER SHORT IN NIFTY FUTURES.


AND YES FROM 2539 SPOT NIFTY DID MAKE A HIGH OF 3323 & 3409.


NOW IN THIS WAVE OF 2500 3323 4100, THE MEDIAN IS AT 3323.


SO TILL SPOT NIFTY DOES NOT CLOSE BELOW 3323 FOR STRAIGHT 3 TRADING SESSIONS BEARS WILL NOT COME BACK AND ONLY BULLS WILL BE SUPREME.



ON THE DAILY CHARTS OF SPOT NIFTY A DOJI HAS BEEN FORMED AND ON THE WEEKLY CHARTS A BULLISH WHITE BODY FORMATION IS VISIBLE.


THE HIGH OF THIS DOJI ON THE DAILY CHARTS IS 3401. SO SPOT NIFTY SHOULD AT LEAST CLOSE ABOVE 3401 TO KEEP THE TREND UP.


TO SUM IT ALL UP, THE CONCLUSION IS 3300, & THAT IS THE TREND DECIDER FOR NIFTY FUTURES.



AND FOR SPOT NIFTY ANYTHING ABOVE 3323 WILL BE BULLISH.


WEEKLY RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 3376 3439 3471 3502 3533 & 3564.


NIFTY FUT MAY TAKE RESISTANCE AT 3439 3463 ZONES AND REVERSE FROM THERE AND ANY FURTHER UPMOVE IN NIFTY FUTRES WILL HAPPEN ABOVE 3439 3463 ONLY.


WEEKLY SUPPORT FOR NIFTY FUTURES IS PEGGED AT 3313 3283 3250 3206 3157 3126


IN CASE OF PROFIT BOOKING OR SELLING 3313 3234 3126 ARE THE BOUNCE BACK ZONES FOR THE WEEK.



FOR RISKY TRADERS :- ONE CAN BUY NIFTY FUTURES 3400 CALL AT 88 AND A STOP LOSS OF 70 FOR A TARGET OF 125

TRADING CALLS FOR 13 04 09​

RIL BUY 1740 S/L 1730 TGT 1762 1794 & SELL 1727 S/L 1737 TGT 1709 1693 - 1678


ADLABS FILM BUY 222 S/L 214 TGT 230 242 & SELL 212 S/L 217 TGT 205 190


RIIL BUY 825 S/L 779 TGT 862 900 950 1000 & SELL 770 S/L 792 TGT 735 700 650 600


REL INFRA BUY 647 S/L 343 TGT 661 676 687 698 & SELL 642 S/L 645 TGT 633 624 608 - 592


LICHSGFIN BUY 285 S/L 274 TGT 300 315 & SELL 270 S/L 278 TGT 260 248 235


HAVE A NICE TRADING SESSION FOR THE WEEK.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[nimish01]

Hmmm i havent exited yet
I m expecting the market to be bullish till maybe wednesday
So i bought bank nifty
Moreover banks are doing various things for recession stuff n all
So i expect atleast some positive movement from bank nifty in coming one or 2 sessions...
Lets see wat happens
Just praying for the best...
HARI OM

 

[nimish01]

Can u also give some views and those cool analysis on banknifty too plz
They really work
Thanks
Waiting for ur precious reply
Thanks again
HARI OM
GANPATI BAPPA MORYA

 

[usk_13]

Hello
I am a new member of this site.will u provide me your yahoo id so i can also get the advantage of your analysis.

 

[Nishikant]

Bank Nifty 4726 Key Trend Decider

Hari Om

Bank Nifty 4726 Is The Key Trend Decider.

Any Thing Above 4726 Is A Bullish Sign.

Bears To Remain Active Below 4726 Only.

Intraday High Of Bank Nifty Is Fake. 5000 Is The Intraday high. Bank Nifty Closed At 4591.

Now Till 4726 Is Not Breached There Wont Be Any Downside. Below 4726 Support Is Pegged At 4675. & Immediate Resistance Is Pegged At 4778 - 4815 - 4858.

GANPATI BAPPA MORYA

HARI OM

REGARDS,
NISHIKANT K. HADGE