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 !

January series 6295 spot is crucial price on closing basis !!!

Overview of January 2014 series:

The January series becomes the current month series from tomorrow and Nifty is poised to be range bound till the result season kicks in and around 9-10th January 2014 which could well be the turn date. Till then expect range bound movemebnt between support of 6120 and resistance of 6295. Various trendlines on the larger time frame converge around the 6120 support price. May the New Year bring in peace, prosperity, and profit to all.  Happy New Year and God Bless !!!

6092 spot price Strong Support level for Nifty entering December series !!!

The December series becomes the current month series for Nifty from today and the levels of 6092 is a strong support level now. Retracement towards swing high of 6212 and 6360 on closing basis is the target for bulls in the immediate short term (5-6 sessions) !!! Below 6155 spot price, intra day shorters will target 6092-6045 levels !!!UUNi

 Nifty Update:

The Nifty  touches all time today buoyed with the state election results and some profit booking can be expected failing to sustain above 6360 on closing basis. Support levels are 6235-6185 immediate short term. Resistances cannot be determined above 6360 as Nifty is trading in a totally new zone and it will take time for fresh resistance zones to develop !!! Happy trading !!!

The Nifty as expected saw profit booking around 6365-6400 level and retraced to the almost the support level of 6155 which was the resistance zone earlier.  A quiet retracement towards 6250 can be expected for the remaining sessions of the December series.  Happy trading !!!