View for Thursday July 11, 2013:
After the last hour fast fall of yesterday below 5860 spot, Nifty will try to latch on to the 5800 low of yesterday and try to move ahead. The intra day bulls will be active only above 5860-5890 spot price for higher targets and play the break out of the recent swing high level of 5905. Below 5860 spot Nifty will continue to remain weak. Happy trading !!!
View for Friday, July 12, 2013:
The result season kicks off with Infy results coming today and Nifty closing above 6045 is the next level for bulls to take it further provided the result season kicks off with positive guidance from Infy. Should Nifty fail to close above 6K today, a volatile fast fall set up likely to emerge below 5895 spot price. Happy trading !!!
View for Monday, July 15, 2013:
Nifty is trading above all short term and medium EMA/SMA and the highest medium term SMA/EMA is the 55-day SMA/EMA of 5953/5888. As long as Nifty trades above these levels over the next week, no hassles for bulls who are well hedged. Intra day break out above 6025 for targets of 6065-6100. Intra day reversal level below 5985 on hourly closing basis. Happy trading !!!
View for Tuesday, July 16, 2013:
With RBI stepping in to strengthen rupee and no policy in sight now to make money cheap for corporate, Nifty is set to plummet to the support levels of 55-EMA/SMA of 5950-5890. When uncertain economic state strikes, the first to take the hit will be the market. Trade cautiously. Happy trading !!!
View for Wednesday, July 17, 2013:
With a high dose of reform announcement in various sectors and steps taken to woo FDI on long term basis, the market will stabilize around around levels of 5850-6100 in immediate short term. For intra day level of 5985 spot price is reversal with break out above 6045 spot price. The well hedged bulls are ready to take it up any time. Happy trading !!!
View for Thursday, July 18, 2013:
The Nifty has managed to close above the 55-EMA (5950) and poised to take direction either side of these levels. Bullish zone is 5985-6085 with close above 6045. Bearish set up is 5935-5835 and closing below 5865. The no-trade zone is 5935-5985 now. Playing the break out is more prudent for which one has to wait patiently and watch the market and news flow with full concentration. Happy trading !!!
View for Friday, July 19, 2013:
The Nifty after yesterday's last hour recovery closed near to the current swing high of 6050 and likely to continue towards 6100 spot price. Trading well above all short term EMA/SMA, consolidation around 6000-6100 levels ahead of July series expiry can be expected. Bullish range for the day 6045-6080-6115. Hourly support of 6000 spot price is crucial, below which 5935 is the strong support zone. Happy trading !!!
View for Monday, July 22, 2013:
The Nifty bullish range for the day 6015-6065 (already done)-6100. Bearish range is 6005-5975-5935. Happy trading !!!
View for Tuesday, July 23, 2013:
Bullish levels for the day 6065-6095-6130.
Bearish level below 6005-5975-5935.
Hourly closing below 6020 is reversal level.
Happy trading !!!
View for Wednesday, July 24, 2013:Following RBI steps to tighten the rupee yesterday, Nifty likely to trade flat with 6035 spot price as the reversal point on hourly closing basis. Bullish range is 6085-6130-6155. Bearish range is below 6035 to 5995-5965. The flat no trade zone is 6035-6085. Happy trading !!!
View for Thursday, July 25, 2013:
The Nifty was in correction mode yesterday and today with expiry and roll over pressure to next series, volatility might make the Nifty swing either way of 6030 levels. A gap up opening will be bullish with the rise of USDINR having been stalled with RBI intervention. Happy trading !!!
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