Nifty Futures Weekly And Intraday Analysis Trend Report

[Nishikant]

3438 Crucial ZONE

Hari om

Nifty Fut Has Made Intraday Low At 3414 And High Of 3514

I Had Predicted That Selling Is Expected At 3523. Nifty Fut Did Not Go Up to 3523 & Reversed.

Till Nifty Fut Does Not Sustain Above 3438 There Wont Be Any Further Uptrend For Intraday. Uptrend Would Happen Above 3438 only.

3394 - 3374 Is The Bounce Back Zone For Nifty Fut If It Fails To Sustain Above 3438.

Ganpati Bappa Morya

Hari Om

Regards,
Nishikant K. Hadge

 

[Nishikant]

From 3394 To 3434

HARI OM

NIFTY FUT From 3394 Made 3434.

What Else Does A Trader Want????

3438 Still Holds To Be A Major Resistance.

Uptrend Above 3438 Only.

GANPATI BAPPA MORYA

HARI OM

Regards,
Nishikant K. Hadge

 

[dprasad.k]

You are really great. Thank you very much and plz keep posting.:clap:

 

[Nishikant]

Nifty Fut 3394 To 3460 Zoomed

HARI OM

NIFTY FUT FROM 3394 To 3460 Banged.

Now 3438 Is A Major Support.

Have A Nice Trading Session.

Ganpati Bappa Morya

HARI OM

Regards,
Nishikant K. Hadge

 

[Nishikant]

3438 cracked

HARI OM

The Major Support Of 3438 Is Cracked & Nifty Futures Sharply Corrected.

3374 Now Becomes A Crucial Support.

Regards,
Nishikant K. Hadge

 

[Nishikant]

Not A Healthy Close

HARI OM

Spot Nifty Is Closing Below Its 200 DMA, Bad Closing For Our Markets

Avoid Fresh Long, Till Nifty Spot Once Again Does Not Close Above Its 200 DMA

Regards,
Nishikant K. Hadge

 

[usk_13]

Thanks great Job pl. keep posting it is very useful for all:clap::clap::

 

[Nishikant]

Nifty Fut Intraday Trend Analysis & Trading Calls For 17-04-09

HARI OM

NIFTY FUT INTRADAY TREND ANALYSIS & TRADING CALLS FOR 17-04-09​

SPOT NIFTY HAS CLOSED BELOW ITS 200 DMA AT 3420 AND BANK NIFTY HAS CLOSED BELOW ITS 200 DMA AT 5010 .


BOTH THIS GIANTS WILL REMAIN BEARISH TILL THEY TRADE BELOW THEIR 200 DMA.


FURTHER UPTREND WILL INITIATE ONLY ON A CLOSING BASIS ABOVE THE 200 DMA.

NIFTY FUTURE FOR TOMORROWS INTRADAY :-



UPWARD VIEW OF NIFTY FUTURES :-​

PRIMARY UPTREND WILL BEGIN ABOVE 3397.


A REVERSAL IN TREND IS EXPECTED AROUND 3420 SINCE IT COINCIDES WITH THE 200 DMA.


ABOVE 3420 RESISTANCE IS PEGGED AT 3438 3456 3473.


MAXIMUM INTRADAY RALLY WILL BE UPTO 3473 ONLY AND FOR FURTHER RALLY SUSTAINING ABOVE 3473 IS A MUST.


IF NIFTY FUT SUSTAINS ABOVE 3473 THEN A FURTHER RALLY UPTO 3494 3532 NOT RULED OUT.

DOWNWARD VIEW OF NIFTY FUTURES :-
​

SUPPORT FOR NIFTY FUTURES IS PEGGED AT 3339 3315 3267 3238 -3208.


THIS RALLY WILL BECOME MORE BEARISH IF NIFTY FUTURES CLOSES BELOW 3300.


IN THE WEEKLY TREND REPORT THE WAVE PREDICTED WAS 2500 3323 4100


SO THE MEDIAN OF THIS WAVE i.e 3323 SHOULD NOT BE BREACHED ON A CLOSING BASIS, OR ELSE MORE DOWNSIDE IS EXPECTED


FOR INTRADAY TOMORROW, 3315 IS A BOUNCE BACK LEVEL FOR NIFTY FUTURES. A BREACH OF 3315 WILL TAKE NIFTY FUTURES AT 3267 WHICH WILL ACT AS ANOTHER STRONG BOUNCE BACK LEVEL.


UNABLE TO SUSTAIN ABOVE BOTH 3315 & 3267 WILL TAKE NIFTY FUTURES TO 3238 - 3208.


CONCLUSION: - CLOSE ABOVE THE 200 DMA i.e 3420 IS A MUST FOR THE BULLS.


A CLOSE BELOW 3300 WILL BE A BLESSING FOR THE BEARS.

TRADING CALLS FOR 17-04-09​

RIL BUY 1768 S/L 1760 TGT 1788 1806 1843 1881 & SELL 1755 S/L 1764 TGT 1724 1693 1670 1647


ITC BUY 193 S/L 189 TGT 195.5 199 & SELL 188 S/L 190 TGT 186 180


SRTRANSFIN BUY 215 S/L 207 TGT 221 228 235 242 & SELL 205 S/L 210 TGT 200 195 185 175


REL INFRA BUY 670 S/L 667 TGT 689 707 740 772 & SELL 665 S/L 669 TGT 636 606 586 - 565


JAICORP BUY 171 S/L 166.50 TGT 175 180 & SELL 165 S/L 167 TGT 162 158 - 154


HAVE A NICE TRADING SESSION FOR TOMORROW.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[nagendra_gb]

Thanks a lot for ur views sir

 

[Nishikant]

Bank Nifty Intraday Trend Analysis For 17-04-09

HARI OM

BANK NIFTY INTRADAY TREND ANALYSIS FOR 17-04-09​

BANK NIFTY HAS CLOSED BELOW ITS 200 DMA THAT IS PLACED AT 5010.


THERE WONT BE ANY FURTHER UPTREND IN BANK NIFTY TILL IT GIVES A CLOSE ABOVE 5010.

FOR INTRADAY TOMORROW :-



UPWARD VIEW OF BANK NIFTY :-​

PRIMARY UPTREND IN BANK NIFTY WILL INITIATE ONLY ABOVE 4981.


REVERSAL IS EXPECTED AROUND 5014 SINCE IT COINCIDES WITH THE 200 DMA.


IF BANK NIFTY SUSTAINS ABOVE 5014 THEN A FURTHER RISE UPTO 5047 5072 CAN BE EXPECTED.


5072 IS A MINOR HURDLE FOR THE BULLS.


IF 5072 IS CROSSED OVER THEN FURTHER RISE UPTO 5117 - 5186 EXPECTED ON CARDS.


5186 5215 ZONE WILL ACT AS A WALL.


UNLESS AND UNTIL BANK NIFTY DOESNT MOVE PAST 5186 5215 THERE WONT BE ANY FURTHER UPTREND.


IF BANK NIFTY SUSTAINS ABOVE 5186 5215 THEN A RALLY UPTO 5256 & 5325 CAN BE EXPECTED.

DOWNWARD VIEW OF BANK NIFTY :-​

IN CASE BANK NIFTY IS NOT ABLE TO MOVE UPWARDS THEN IT WILL TAKE SUPPORT AT 4830. THIS REGION OF 4830 SHOULD NOT BE BREACHED OR ELSE BANK NIFTY WILL HIT LOWER LEVELS AT 4789 4730 4703


AS MENTIONED IN PREVIOUS POST A BREACH OF 4730 4726 FOR INTRADAY OR ON A CLOSING BASIS WOULD BE BEARISH.


FOR INTRADAY 4789 IS THE 1st BOUNCE BACK ZONE. IF 4789 IS BREACHED THEN 4700 WILL ACT AS A STRONG SUPPORT.


FAILURE TO SUSTAIN ABOVE 4700 WILL TAKE BANK NIFTY DOWN TO 4680 4630 ZONE.


CONCLUSION :- SUSTAINING ABOVE 4830 AND CLOSING ABOVE THE 200 DMA OF 5010 IS A MUST FOR THE BULLS.


EVEN, IN CASE OF PROFIT BOOKING BANK NIFTY SHOULD COMPULSORILY CLOSE ABOVE 4600.

BEARS WILL REIGN SUPREME IF BANK NIFTY FAILS TO CLOSE ABOVE 4600.


HAVE A NICE TRADING SESSION TOMORROW


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE