Today's nifty levels - aravinth raj m

[samlife83]

hello aravinth raj m, moreover i see that.....may be today slowly the market is rising......but expectation of 4800, 5000+ by lill time may prove to be traders remorse......it may be weird.....but do you think that the upper circuit incidence has got sum scores to settle.....

 

[radha55]

You can calculate these levels here

http ://pivottrading.110mb.com

 

[aravinthrajm]

hello aravinth raj m, moreover i see that.....may be today slowly the market is rising......but expectation of 4800, 5000+ by lill time may prove to be traders remorse......it may be weird.....but do you think that the upper circuit incidence has got sum scores to settle.....

Any unusual move will have to settle down.

 

[aravinthrajm]

SPOT NIFTY LEVELS FOR 08.06.2009

4596 above 4629-4666-4671-4704-4745
(Strong Resistances-4666, 4745)

4558 below 4553-4520-4479-4445
(Strong Supports-4479, 4445)

Spot Nifty ended 3.10% higher this week taking some profits at the fag end of the week as it was at resistance level of 4600. This week Nifty could move higher as long as it closes above 4560 else it could fall upto 4480-4370-4320. Any fallback to these levels should be considered as Buy for the Short term. On the higher side Spot Nifty will face severe Resistance at 4810 level where there could be a possible pending correction in Markets. The undertone of the markets is Bullish for the medium term and the markets are really squeezing the shorts out of the show. However, correction on intraday basis is not sufficient for a healthy up move. Hence, keep in mind that anytime the post election rally gap of 300-400 points will be filled.

 

[aravinthrajm]

Performance

 

[aravinthrajm]

SPOT NIFTY LEVELS FOR 10.06.2009

4559 above 4621-4666-4691-4745
(Strong Resistnaces-4666, 4745)

4492 below 4479-4423-4371-4321
(Strong Supports-4479, 4371, 4321)

Nifty bounced back on a confident note and regained almost all its losses shed couple of days back. However, it has failed to close above 4560 as said yesterday. Hence, only a close above 4560 decides the trend for this week. Failure to close above 4560 today will take Nifty down till 4320 level. On the higher side 4666 is to be kept under scanner which is a possible profit booking area. Above 4666 we have all the chances to test 4810 levels. US markets closed flat and European markets have closed mixed giving no clue for further direction. Nifty indicators are flat giving opportunity to move either side to 4320-4810 levels. Have a caution on intraday trades till Nifty settles down as signals are confusing in charts.

 

[aravinthrajm]

Performance

 

[aravinthrajm]

SPOT NIFTY LEVELS FOR 11.06.2009

4675 above 4712-4758.
(Strong Res-4758)

4645 below 4594-4561-4529-4478
(Strong Supp-4561, 4478)

Nifty had a smart up move yesterday with a gap up open and sustained all the day above the gaps. Spot Nifty must have closed above 4675 to prove that it can do 4820. But it closed below that mark leaving the clue to market players. This expiry seems to trade between 4300-4800. For sure market will face selling pressure at 4820 where traders are cautioned to remain in cash during the test of that level. On the downside only a close below 4555 will prove the weakness. Until then markets are set to move North without any doubts.

 

[aravinthrajm]

SPOT NIFTY LEVELS FOR 12.06.2009

4666 above 4683-4728-4745-4777-4813
(Storng Resistances-4745, 4813)

4634 below 4589-4558-4541-4495-4479
(Strong Supports-4558, 4479)

Markets made a see-saw yesterday with no clear direction for further moves. Seeing the overall movements of the markets, Spot Nifty has to close above 4666 this week to prove its Bullishness. Else it may face selling today and it may drag Nifty till 4480-4370. As said this expiry is likely to close between 4300-4800 leaving both the levels untouched. However, if Nifty moves past 4820 then we are set to see 5000+ soon in coming weeks. Market undertone is Bullish for the medium term but for the short term markets could consolidate and decide the direction. Intraday players are cautioned when Nifty inches near 4820 levels or when it moves below 4480. Both the areas prove to be fatal points where Traders could lose if they are in adverse positions.