Nifty Future

Nifty Is in over Bought zone and it may fall at any time.Nifty has strong resistance zone 5270-5292 Range and cross over these levels with volume may take nifty upto 5300-5400 range.

.

I expect tomorrow a gap down opening around 20-30 points and there on nifty may move in side ways.if the world cue's will be in negative that may favours the bears to come inn and bring down nifty to 5130.oo level.

Nifty Future > 'Target Achieved'

Nifty achived the given target today 5140.00 in the market opening.In our 'bank nifty Intraday blog' we wrote in our pre-market prediction- on '23 rd feb' the market is preparing for a rally about 300 +points and we also gave a proposed Target i.e-5140.00 and today the market opened in a gap up and achieved the 1st target 5140.00 and gone upto 5145.00. There after nifty lost its momentum and came down.

.

What will happen in the coming sessions?

Our technical parameters are still suggesting that, the market may have another boast upto 5300.00 +level.See the last two trading days in the graph, how the markets jumps up(Gap up) to attain the desired TARGET Level as per technicals.it is really an amazing study about the market technicals.

On 9th march-10, The market may open in a mild gap up and trades in side ways..if it moves beyond and sustain-5178.00 level massive buying will take place and that will confirm the up move towards 5300.00

***

NIFTY -PRE-MARKET STUDY FOR 16 DECEMBER

Nifty fell down from 5125 level to 5020 approx.After about two weeks,nifty future First time broke the rangebound and came down 5018 level .A long waited fall has come true today.Now nifty is in over bought zone and a new expectation among trader is, it may fall further.In my view the nifty 20DMA today Is just 1-point less than yesterday i.e 5080 Vs 5079 respectively.Very negeligible change as far as DMA is concern. Tomorrow the nifty may open above the pivot and expected to touch 5097 and it may go up to the R1 Level.There is a hurdle for nifty in 5137,crossover with volume will lead nifty to 5173 level.

NIFTY TODAY
HIGH- 5129.45
LOW - 5018.25
CLOSE -5033.05

NIFTY TOMORROW
S 2-4949
S 1-4991
Pivot-5060
R 1-5102
R 2-5171

------------

TREND REVERSAL..May be possible.

There may be a change in nifty direction/trend.play safe while going long/short.if nifty trade above the 20DMA Avoid short.or keep 5090 as your stoploss.

The Global index's is not giving a clear cut direction/insights.As though the world index's shows the mixed cue's.

NIFTY FUTURE -TIPS

Nifty intra day graph on 10th Dec shown here.The stockastics is clear like snakes roll with one another.The market was a kind of stuck within the range and was really tested all traders patiance. Script wise there many scripts gone up.Eg- Bharati Airtel,Rcom,Satyam,Idea and many.

Now many of the world markets index showing Green trend.There is no bad news that defavour the market sentiments of tomorrow.So there is a possibile uptrend may happen.

Tomorrow Nifty can have more swing and overall have uptrend that favours the bulls.

------------------------------------

NIFTY today ->pivot 5121.90
S 2-5060.05
S 1-5097.30
R 1-5159.15
R 2-5183.70

-----------------------------------

a) The market opens above the pivot level be cautious about your shorts,the market may tend to break out R1 and R2 levels.

b) if , The market open down/Less than the pivot you may go short with strict stop loss at "5146.45"(previous day high)


The real support lies in '5080' level.

The 20DMA is '5072'
So keep this as your Stop Loss for your Long.

Nifty - Pre-Market study for '9th december 2009'

The market was very choppy in the morning and every one were expecting it will fall further...
But it didn't happen.,instead the Nifty index shot up sharply.(Actually Gave a Chance in between to cover/close shorts around 5070 level.,if one would have sold 5100 and above levels.)The graph shown above is witnessing the same.

Today NIFTY closes at 5147.95 (1.60% up).

This is the highest closing of 52 weeks.

==============================

open- 5057.10

high- 5162.80

low- 5057.10

close- 5147.95

****************

The global cue's seems to be Negative and let us wait for the world market trade today(tonight),especially Asian market.Since the market today closes in a higher level the DEMA is raised and that indicates Gap Up opening is very much possible.

---------------------

Pivot-5119.80

S1 -5087.05

S2-5026.15

R1-5180.70

R2-5213.45

20DMA-5058

-------------------

My personal view is --> Be a witness for tomorrow market and trade with extra caution. or Avoid short. Those who are in long can book partial profit to minimise your risk.

option -1

if the market opens in a Gap Up > exit all your longs,because any time the correction is expected (as per many experts of the world predicted the markets are matured enough for a big fall/correction.)so keep this in your mind and do not be a aggressive trader.

option-2

if there is a Gap Down > Cover all your shorts and be a witness.

Do not Jump /Rush for a fresh shorts...Let the trend decides unto itself and come to an end,from where we can plan a cool trade.

Tips for a Good trader

There are many traders, they simply have the habit of trading in all markets...,what ever the market situation the markets are in.(worst/best/choppy) This habit many times lead them to the wrong path and need to fight against the flow/current/trend.

Be a persistent Trader

What i am here trying to say / point out unto you is :-

Just keep awake yourself about the present market trend , be a observer for a while..Nothing wrong being patient and waiting for the right movement(eg:- How the crane waits to catch a fish in the floating water )when you are calm and confident about the trend make out your decision,that will do. One need not to trade all the times:which is not nessary.when there are few situations like this ,you only have to watch out and remain a witness.i wish don't be the victim of the loss, just be wise and Let this moment pass..hope for the better and better opportunity.This is what the quality's of the succesful trader.

Wish you a happy trading.

....Will update further in the Morning (9th,dec).