Happy 2015 !!! Nifty January 2015 series Overview !!!

WISH ALL READERS OF MY BLOG A MERRY CHRISTMAS AND PROSPEROUS  HAPPY NEW YEAR !!!

January 2015 Series Overview:

The December series began with the highest life time close of 8588 and then corrected substantially towards the lowest close of 8029.8 and now ends the series just above the important level of 8174 after filling a few gap up and gap down openings. January 2015 is likely to be an even bigger eventful month with just one level being of interest to both bulls and bears - 8310. Above 8310, Nifty should make new highs around 8800/8900 with the result season due in the middle part of January. Before that , till around January 5th, some range bound levels between 8150-8310 can be expected. Below 8150, a quick fall/visit to 7725/7655 cannot be ruled out to test the 233-day EMA/SMA levels as the year is almost getting over and testing longer term moving average of 233-EMA/SMA will be an appropriate bottom to begin the new year with. Happy trading and Wish you and your family a VERY HAPPY 2015 !!!

December 2014 Nifty Series - Poised to make yet another new high !!!

As we enter the last month of the most bullish year in Indian market, the Nifty is poised to begin the last month December series of the year with yet another new high to continue with the break out trend that began from last December. Hope the December turns out to be the best month to remember in 2014 ! Merry Christmas !!! Happy trading !!!

Nifty November series - Opens with another breakout !!!

The November series begins with break out above 8180 levels on spot price and Nifty poised to touch 8500 levels now with this break out. The year 2014 has been a year of break outs and the important level on time cycle have been marked on the time cycle grid. Happy trading and enjoy this very strong bull run !!!

Happy Diwali

I WISH A VERY HAPPY AND PROSPEROUS DIWALI TO ALL READERS OF MY BLOG ! 

GOD BLESS AND TAKE CARE !!!

Nifty October 2014 series -Beginning the festive season with low of 7842 !!!

The October series starts with Nifty making to recover from the lows of 7842 spot price and closing @ 7968. Bulls will be targeting to get back to 8115+ levels on closing basis and take it up from there. Bears will be hoping for a close below 7750. With the festival season beginning soon, the month of October will be heavily truncated with number of trading days and only a range bound level can be expected this month. Happy Navratri and happy Deepavali. Happy trading!!!

September 2014 Series - Begins with a bang !!!

The September 2014 series of Nifty starts with a bang closing above 8k levels today which is a life high close after four consecutive months of higher closing levels. The previous month range gives indication of Nifty having strong support @ 7575 levels with an immediate short term support @ 7865. Levels of 8100-8200 can be expected by bulls in this series with reversal pegged at 7865 levels for the month of September on closing basis. It is buy on dips scenario now.  Bears need to wait till Nifty does not close below 7865 to initiate fresh shorts !!!

NIFTY -August 2014 Series !!!

The Nifty August series becomes current month series from today and as per the chart above Nifty is in pull back mode. Expected support is @ 7535 levels to start with. Overcoming resistance @ 7735 spot price is reversal for fresh longs in August series !!!

Nifty update August series - 12/08/2014:

As expected Nifty has so far managed to get support @ 7540 and moved back to 7735 level today. Sustaining above 7735 is the challenge for market makers for overcoming the all time high level of 7830 on closing basis !!!

Nifty July 2014 Series !!!

Nifty July 2014 series becomes current month series. Bulls will be happy to get the weekly close above 7555 to begin with and  hope to take forward Nifty up above 7900 levels with Union budget and result season. The support @ 7445 (21-SMA/EMA) levels is crucial for July series.  Happy trading !!!  

Level of 7445 continues to be support level in July series after posting the highest daily close of 7787 in July series.  Market is currently priced on the higher end and trading at higher support level of 7445. Break of 7445 can give a good healthy correction towards 7K to 6500K.  Happy trading !!!

May series in bullish mode ahead of the General Election results !!!

The general election results effect is the next big trigger for setting up Nifty for fresh trading zone. Currently trading at life high (6840 highest closing yesterday), Nifty is likely to target 7000-7500 in the May series. Happy trading !!!

May 13, 2014 Update:

The exit poll results has buoyed Nifty towards the minimum expected target of 7165 on spot price today. Happy trading !!!

May 16, 2014 - Nifty May series Update:

As election results are trickling in, the Nifty has done the target of 7550 spot and now correcting as the markets had already seemed to price this result ahead. Happy trading !!! 

Nifty April series -RBI policy will be a trigger for change in trend !!!

Nifty April series Overview:

On Fibo turn date of March 27, Nifty exactly closed in bullish zone of 6645+ setting up a bullish target of 6760-6875. Bears would be happy if retracement to 6415 happens.

Event triggers could be RBI policy on April 1st. 

NIFTY FEBRUARY 2014 SERIES - 5970 SPOT PRICE CRUCIAL !!!

FEBRUARY 2014 OVERVIEW:

Range bound levels 6000-6150 !
Bullish levels 6130-6360 for getting full retracement of recent swing high of 6358 !
Bearish levels 6000-5700-5590 !

Happy trading !