NIFTY TODAY: EPISODE 233

                                           NIFTY TREND FOR 28-02-2013

MAJOR RESISTANCE LEVELS: 5820-5851-5890

MAJOR SUPPORT LEVELS       : 5765-5725-5694

Nifty got a correction of 35.55 points for previous fall yesterday.  JPASSOCIAT got 5.85% on Wednesday. RANBAXY was the top loser in NSE with 4.39% decrease.

Nifty ( closing ): 5796.90

Nifty is at neutral status now. It may get good support at 5765-5780 range. 

MACD still indicates bearish trend, while, Stochastic depicts a bullish trend. RSI and Moving Averages shows a neutral trend. Lower Bollinger Band stands at 5781 and Middle Bollinger Band at 5909.

Brent Crude prices decreased. In addition, Rupees got strength against Dollars. Global indices closed in green except NIKKEI which showed a decrease of 1.29%.

India VIX closed at 16.23 with 1.13 loss ( 6.51%).

GOOD LUCK..................

  

INTRADAY TIP

BUY NIFTY FUTURES MARCH @ CMP 5765

TARGETS : 5789-5822-5851

STOP LOSS : 5758

GOOD LUCK..............

NIFTY TODAY: EPISODE 232

                                               NIFTY TREND FOR 27-02-2013

MAJOR RESISTANCE LEVELS: 5810-5868-5903

MAJOR SUPPORT LEVELS       : 5733-5698-5640

There was a blood shower in Indian markets. Nifty lost 63 points (1.60%) yesterday.

We proudly declares that our Middle Term Target has been achieved yesterday. It was given on December 7th, 2012 ( Ref: NIFTY TODAY: EPISODE 177) when Nifty was closed at 5907. After that, Nifty showed high at 6111.8 on January 29, 2013. But, still we gave our Middle Term Target at 5760-5790 range continuously. Finally, it achieved yesterday within 3 months. 

Nifty (closing): 5761.35

Nifty is at neutral status now. It may show some correction for yesterday's heavy fall. Sometimes, it will be stable with this range ( less fluctuation) as it achieved a major middle term target. So, both long and short positions should be taken carefully.

MACD and Stochastics depicts a bearish market. RSI indicates neutral market. Middle Bollinger Band stands at 5924 and Lower Bollinger Band at 5792.

Asian and European markets closed in red due to Italian election worries. US markets closed steadily. Brent Crude prices decreased. Rupees showed weak trend against Dollars. 

India VIX closed at 17.36 with 3.77% increase.

GOOD LUCK................... 

NIFTY TODAY: EPISODE 231

                                            NIFTY TREND FOR 26-02-2013

MAJOR RESISTANCE LEVELS: 5874-5901-5930

MAJOR SUPPORT LEVELS       : 5835-5805-5779

MIDDLE TERM TARGET          : 5760-5790

Indian markets closed steadily on Monday. Nifty gained 4 points only. RANBAXY was the top gainer in NSE last day with 4.94% increase.

Nifty (closing): 5854.75

Nifty is still bearish. It may touch our Middle Term Target recently. Long positions should be avoided today.

MACD still depicts a bearish trend, while, RSI and Stochastic charts indicates a neutral trend. Lower Bollinger Band lies at 5816 and Middle Bollinger Band at 5938.

Global markets showed mixed trend last trading day. US markets closed with a loss of 1.50%. But, European markets closed in green yesterday. Brent Crude prices decreased. Indian Rupees got strength against DOLLARS.

India VIX closed at 16.73 with 0.36% decrease.

GOOD LUCK...........................

NIFTY TODAY: EPISODE 230

                                              NIFTY TREND FOR 25-02-2013

MAJOR RESISTANCE LEVELS: 5863-5887-5904

MAJOR SUPPORT LEVELS       : 5839-5819-5798

MIDDLE TERM TARGET          : 5760-5790

Nifty closed steadily on Friday with the lost of 2 points. BHARTIARTEL increased 4.51%  and became top gainer in NSE.

Nifty (closing): 5850.30

Nifty is at clear bearish zone. Most probably, Nifty may open positively at a range of 5860-5885. Then, it may loose strength. A negative or steady closing can be expected on Monday. Long positions should be avoided today.

MACD and Stochastic indicates bearish trend, while, RSI depicts a neutral trend. Moving Averages also shows neutral trend on long term run. Middle Bollinger Band lies at 5949 and Lower Bollinger Band at 5820.

Almost all the major indices closed in green except Hang Seng decreased 0.55%.  Brent  Crude prices increased slightly. Rupees got strength against US Dollar. 

India VIX closed at 16.79 with 0.89% decrease.

GOOD LUCK...........................

NIFTY TODAY: EPISODE 229

                                           NIFTY TREND FOR 22-02-2013

MAJOR RESISTANCE LEVELS: 5895-5945-5974

MAJOR SUPPORT LEVELS       : 5829-5798-5750

MIDDLE TERM TARGET          : 5760-5790

Indian indices opened with a negative gap yesterday. Then, it fell down steadily. Nifty lost 91 points ( 1.53%) on Thursday. Only two stocks, CIPLA and SUNPHARMA, were the gainers in Nifty with 0.18% and 0.09% respectively. JINDALSTEEL and TATASTEEL were the top losers in NSE. Both remarked a decrease of more than 4%.

Nifty (closing): 5852.25

Nifty is at bearish zone. Long positions are not advisable for intraday trading.

MACD indicates bearish trend. RSI still depicts neutral trend. Stochastic chart turned from bullish to neutral trend. Moving Averages also turned similarly from bullish to neutral on long term basis as 20 and 50 days moving averages intersected yesterday. In addition, Lower Bollinger Band ( 5831) reached below 100 days Moving Average, 5840. Middle Bollinger Band stands at 5962.

Global markets showed a blood bath last trading session. Brent Crude prices decreased remarkably. Indian Rupees lost strength against Dollars. This depreciation of Indian Rupees is at pathetic condition as the union budget is imminent.

India VIX closed at 16.94 with 8.59% increase.

GOOD LUCK...................

NIFTY TODAY: EPISODE 228

                                               NIFTY TREND FOR 21-02-2013

MAJOR RESISTANCE LEVELS: 5959-5980-5994

MAJOR SUPPORT LEVELS       : 5937-5921-5902

MIDDLE TERM TARGET          : 5760-5790

Nifty closed steadily yesterday. It gained 3.35 points on Wednesday.

Nifty (closing): 5943.05

Nifty is bearish. Long positions should be avoided for intraday trading.

MACD indicates bearish trend, while, RSI shows neutral trend. Stochastic implies bullish trend. Middle Bollinger Band stands at 5970. Lower Bollinger Band level ( 5838) stands very close to 100 days moving average, 5844.

US and Asian markets closed in green last trading session. But, European markets showed a steady and mixed trend. Brent Crude prices were steady. Indian Rupee got mild strength against Dollars.

India VIX closed at 15.6 with 1.33% decrease.

GOOD LUCK............................

NIFTY TODAY: EPISODE 227

                                            NIFTY TREND FOR 20-02-2013

MAJOR RESISTANCE LEVELS: 5959-5985-6027

MAJOR SUPPORT LEVELS       : 5906-5862-5839

MIDDLE TERM TARGET          : 5760-5790

Indian markets opened steadily and showed a steep increase from noon. Nifty gained 42 points with 0.70% increase. ONGC, DLF and ACC  were the top gainers in Nifty. Among them, ONGC gained 4.33% due to fuel price hike.

Nifty (closing): 5939.70

Nifty may open in green today. But, it is still at bearish zone. Long positions should be avoided today. Nifty may get proper resistance at 5975-5985 range and support at 5845-5860 range.

MACD indicates bearish trend. RSI turned to neutral from ''oversold status'' ( bullish). On the contrary, Stochastic turned from 'neutral' trend to 'bullish' trend. Moving Averages still indicates bullish trend on long run. Middle Bollinger Band stands at 5974 and Lower Bollinger Band lies at 5846.

US and European markets showed a buying trend last day. Asian markets closed with mixed trend on Tuesday. Brent Crude prices decreased slightly. There was no currency trade with US Dollar yesterday as it was holiday in US.

Industrial body, ASSOCHAM requested to call off the two-days strike which has been declared by trade unions. It mentioned that this strike will lose 15000- 20000 crores of GDP. Each and every nation strives to increase their GDP. In this context, India lose it silently due to over influence of politics. India will never be a developed country with this comprehensive and unwise political views.

India VIX closed at 15.81 with 2.95% decrease.

GOOD LUCK...........................

NIFTY TODAY: EPISODE 226

                                           NIFTY TREND FOR 19-02-2013

MAJOR RESISTANCE LEVELS: 5907-5925-5943

MAJOR SUPPORT LEVELS       : 5887-5866-5852

MIDDLE TERM TARGET          : 5760-5790

Nifty was less fluctuated yesterday. It gained 11 points in closing.

Nifty (closing): 5898.20

Nifty is at bearish zone. Long ( buying) positions should be taken very carefully.

MACD indicates bearish trend. Stochastics reveals neutral trend. RSI indicates ''oversold'' status which indicates bullish trend. Moving Averages depicts bullish trend on long term basis. Lower Bollinger Band stands at 5856 and Middle Bollinger Band at 5988.

Global indices closed steadily on Monday. Brent crude prices decreased slightly. Indian Rupees traded steadily against Dollars.

British Prime Minister, Cameron expressed that India rise will be major phenomenon of this century. It is a fact than a mere flattering. 

India VIX closed at 16.29 with a remarkable hike of 6.89%.

GOOD LUCK......................

NIFTY TODAY: EPISODE 225

                                            NIFTY TREND FOR 18-02-2013

MAJOR RESISTANCE LEVELS: 5899-5922-5948

MAJOR SUPPORT LEVELS       : 5865-5836-5818

MIDDLE TERM TARGET          : 5760-5790

Indian markets traded in negative zone last day. Nifty lost 10 points in closing.

Nifty (closing): 5887.40

Nifty is still at bearish zone. Long positions are not advisable for intraday traders today. Nifty may get good support at 5835-5850 range.

Nifty has just broken the Lower Bollinger Band level, 5856 once in trading hours. Middle Bollinger Band stands at 5988 level. RSI reveals 'oversold status', while, MACD implies bearish market clearly. Stochastic indicates a neutral market. 

World indices were steady on Friday. Brent Crude prices increased. Indian Rupees became weak against Dollar remarkably.

India VIX increased 1% and closed at 15.24.

GOOD LUCK............................

NIFTY TODAY: EPISODE 225

                                            NIFTY TREND FOR 18-02-2013

MAJOR RESISTANCE LEVELS: 5899-5922-5948

MAJOR SUPPORT LEVELS       : 5865-5836-5818

MIDDLE TERM TARGET          : 5760-5790

Indian markets traded in negative zone last day. Nifty lost 10 points in closing.

Nifty (closing): 5887.40

Nifty is still at bearish zone. Long positions are not advisable for intraday traders today. Nifty may get good support at 5835-5850 range.

Nifty has just broken the Lower Bollinger Band level, 5856 once in trading hours. Middle Bollinger Band stands at 5988 level. RSI reveals 'oversold status', while, MACD implies bearish market clearly. Stochastic indicates a neutral market. 

World indices were steady on Friday. Brent Crude prices increased. Indian Rupees became weak against Dollar remarkably.

India VIX increased 1% and closed at 15.24.

GOOD LUCK............................

INTRADAY TIP

BUY NIFTY FUTURES @ CMP 5878

TARGETS : 5902-5924-5958

STOP LOSS: 5847

GOOD LUCK................

NIFTY TODAY: EPISODE 224

                                              NIFTY TREND FOR 15-02-2013

MAJOR RESISTANCE LEVELS: 5923-5959-5980

MAJOR SUPPORT LEVELS       : 5879-5854-5823

MIDDLE TERM TARGET          : 5760-5790

Indian markets opened steadily yesterday.It started to fall from noon. Nifty closed with 36 points loss on Thursday just as we predicted ( REF; NIFTY TODAY: EPISODE 223 ).

Nifty ( closing ) : 5896.95

Nifty is still bearish. Long positions should be taken carefully. Nifty may get support at 5870-5880 level. If it loose this level easily, there will be a big fall in Indian indices.

Nifty closed above Lower Bollinger Band level, 5870 and Middle Bollinger Band comes to 5998. MACD indicates strong bearishness. But, RSI ( 14d ) indicates 16% as clear ''oversold'' status which depicts a bullish market. Stochastics reveals a neutral trend right now.

The worries regarding possibilities for hiking Petrol, Diesel prices may affect the Indian markets. IOB, BPCL and Hindusthan Petroleum gave hint for increasing fuel prices by February 16.

US markets closed steadily. European markets closed in red last trading session. Asian markets opened with loss in the morning. Brent Crude prices decreased slightly. Indian Rupees traded steadily against dollars on Thursday.

India VIX closed at 15.09 with 0.33% decrease.

GOOD LUCK............................

NIFTY TODAY: EPISODE 223

                                    NIFTY TREND FOR 14-02-2013

MAJOR RESISTANCE LEVELS: 5957-5986-6004

MAJOR SUPPORT LEVELS     : 5920-5898-5871

MIDDLE TERM TARGET         : 5760-5790

HAPPY VALENTINES DAY TO ALL........... Nifty got 10 points gain yesterday. Each sectors showed various trends.

Nifty ( closing ): 5932.95

Nifty is at bearish zone. Long positions are not advisable for the intraday traders today.

Nifty crossed closed above the Lower Bollinger Band level, 5884. Middle Bollinger Band stands at 6004. MACD indicates bearish trend. RSI turned into neutral status from bullish. Stochastic still exhibits bullish trend. 

US markets are steady right now. Asian and European markets showed a good buying except NIKKEI. Brent Crude prices increased slightly.

India VIX closed at 15.14 with 1.11% decrease.

GOOD LUCK.........................

NIFTY TODAY: EPISODE 222

                                             NIFTY TREND FOR 13-02-2013

MAJOR RESISTANCE LEVELS: 5934-5951-5977

MAJOR SUPPORT LEVELS       : 5902-5873-5858

MIDDLE TERM TARGET          : 5760-5790

Indian markets closed in green on Tuesday. Nifty gained 25 points yesterday. 

Nifty ( closing ): 5922.50

Although Nifty closed in green yesterday, it stands at bearish zone. Long ( buying) positions are not recommended for intraday traders today. Nifty may get proper resistance at 5950-60 levels and support at 5890-5900 levels. If Nifty breaks 5890 easily, it may move towards 5860 today and  furthermore downward in upcoming days.

Nifty closed above Lower Bollinger Band level, 5892. Middle Bollinger Band stands at 5928. MACD indicates bearish market. RSI is still at 'oversold region' ( bullish ). Stochastic also turned into bullish trend from neutral status. Moving Averages gives bullish trend on long term basis.

European and Asian markets closed with gain last trading day.But, US markets showed steady and mixed trends in closing. Brent Crude prices increased last day.

Though Rupees closed steadily yesterday, it is at 3 week low rate against Dollars. Bad factory data and high consumer inflation rates are the major reason for the depreciation of Indian Rupee.

India VIX closed at 15.31 with 2.17% decrease.

GOOD LUCK.....................

NIFTY TODAY: EPISODE 221

                                        NIFTY TREND FOR 12-02-2013

MAJOR RESISTANCE LEVELS: 5915-5942-5963

MAJOR SUPPORT LEVELS      : 5882-5858-5835

MIDDLE TERM TARGET          : 5760-5790

Nifty closed steadily yesterday after some mild up and down moves. It is on the way to our Middle Term Target.

Nifty ( closing ): 5897.85 ( 0.10% )

Nifty closed at neutral zone yesterday. A positive opening can be expected today. After that, it may move any direction. So, positions should be taken carefully.

Though Nifty has broken Lower Bollinger Band level ( 5905 ) many times last trading day, It could not close above this level. MACD still indicates strong bearish trend. RSI shows 'oversold' status ( bullish ) and Stochastic shows neutral trend. Moving Averages depicts bullish trend on long term basis.

Global indices closed steadily on Monday. NIKKEI is 2.38% up right now. It may give a positive starting to Asian markets. Brent Crude prices increased slightly.

ONGC reported a Q3 net profit down 17.5%. Government expressed the consent to pay Rs. 25000 Cr as additional cash subsidy for Oil Companies. 

India VIX closed at 15.65 with 3.23% increase.

GOOD LUCK.......................... 

 

NIFTY TODAY: EPISODE 220

                                      NIFTY TREND FOR 11-02-2013

MAJOR RESISTANCE LEVELS: 5939-5982-6012

MAJOR SUPPORT LEVELS      : 5880-5847-5808

MIDDLE TERM TARGET          : 5760-5790

Nifty opened steadily on Friday and it got big fall afternoon. Finally, it closed with 0.59% loss. Cement Stocks faced selling pressure last trading session.

Nifty ( closing ): 5903.50

Nifty is at bearish zone. So, long positions should be taken carefully today.

Nifty closed below Lower Bollinger Band Level, 5921 on Friday. Middle Bollinger Band lies at 6021 level. MACD indicates bearish trend. RSI turned into 'over sold' region. It implies that there is a chance for buying ( bullish trend ). Stochastic shows a neutral trend, while, Moving Averages depicts bullish trend on long run.

CSO predicted a growth rate at 5% on Indian economy this fiscal. But, Indian Finance Minister, P. Chidambaram expressed his worries regarding this forecasting. He asserted a growth prediction at 5.5% for the economy.

Most of the major global indices closed in green last day except NIKKIE. It declined 1.81% on Friday. NIKKIE was the leader of the leap in share markets from Asia these days. If NIKKIE faces a correction, it may affect all the markets especially, Asian markets.

India VIX closed at 15.16 with 1.8% increase.

GOOD LUCK...............

NIFTY TODAY: EPISODE 219

                                    NIFTY TREND FOR 08-02-2013

MAJOR RESISTANCE LEVELS: 5973-6001-6022

MAJOR SUPPORT LEVELS      : 5925-5901-5871

MIDDLE TERM TARGET          : 5760-5790

Indian markets closed with loss yesterday. Nifty closed with 20 points loss on Thursday.

Nifty ( closing ): 5938.80

Nifty closed at neutral zone lat day. So, both long and short positions should be taken very carefully.

Nifty closed at exact Lower Bollinger Band level, 5939. The Middle Bollinger Band is at 6025. MACD indicates negative trend for Nifty. Stochastic and RSI charts depicts a neutral trend. Moving Averages only show bullish trend on long term run.

Most of the major global indices closed in red last trading session. Brent Crude prices increased. Rupees were weak against Dollars.

India VIX closed at 14.89 with 4.42% increase.

GOOD LUCK.................

NIFTY TODAY: EPISODE 218

                                      NIFTY TREND FOR 07-02-2013

MAJOR RESISTANCE LEVELS: 5980-6005-6020

MAJOR SUPPORT LEVELS      : 5951-5934-5910

MIDDLE TERM TARGET          : 5760-5790

Nifty closed steadily with the loss of 2 points ( 0.04%) yesterday. It was predicted yesterday that Nifty is at neutral zone ( REF; NIFTY TODAY: EPISODE 217). 

Nifty ( closing ): 5959.20

Nifty became bearish at closing on Wednesday. Long positions are not advisable for intraday traders today.

Nifty closed just above the Lower Bollinger Band Level, 5952. Middle Bollinger Band stands at 6029. MACD depicts bearish trend. Stochastic and RSI charts indicates neutral trend, while, Moving Averages shows bullish trend on long run.

Most of the global indices closed steadily last trading session. But, NIKKEI closed with 3.64% gain and CAC 40 and DAX with more than 1% loss. Brent Crude prices increased slightly. Rupees closed steadily.

India VIX closed at 14.26 with 2.40% decrease.

GOOD LUCK.......................

NIFTY TODAY: EPISODE 217

                                   NIFTY TREND FOR 06-02-2013

MAJOR RESISTANCE LEVELS: 5966-5980-5991

MAJOR SUPPORT LEVELS      : 5952-5939-5926

MIDDLE TERM TARGET          : 5760-5790

Nifty opened with a negative gap and moved in a small range of 23 points. Besides, It got proper support at 5942-5952 levels. It was clearly predicted yesterday ( REF; NIFTY TODAY: EPISODE 216). Nifty closed with 30 points loss yesterday. Nevertheless, CEMENT STOCKS could attract the investors on Tuesday.

Nifty (closing): 5956.90

Nifty closed at a neutral zone last day. It can move either side. Most probably, Indian markets will move in a small range today too.

Nifty closed just above the Lower Bollinger Band level, 5952. MACD still indicates a strong bearish market, while, RSI and Stochastic show charts neutral trend. As usual, Moving Averages indicate a bullish market for long term. 

Asian markets closed in red yesterday. But, European indices could gain last trading session. US markets are in positive zone right now. Brent Crude prices increased marginally more than 1%. Rupees could gain strength against Dollars on Tuesday.

India VIX closed at 14.61 with 1.88% gain.

GOOD LUCK........................

INTRADAY TIP

SELL NIFTY FUTURES @ CMP 5982

TARGETS : 5956-5926-5898

STOP LOSS: 6013

GOOD LUCK.................

NIFTY TODAY: EPISODE 216

                                   NIFTY TREND FOR 5-02-2013



MAJOR RESISTANCE LEVELS: 6020-6059-6080
MAJOR SUPPORT LEVELS      : 5971-5948-5910



MIDDLE TERM TARGET           : 5760-5790



Nifty opened with good gain. It closed in red with steady fall from opening. It was predicted yesterday regarding a bearish market ( REF: NIFTY TODAY: EPISODE 215). Nifty restricted within first resistance and first support levels.


Nifty ( closing ): 5987.25



Nifty closed at a neutral level. It may move upward or downward. If it moves downward, 5942-5952 will be proper support level. Most probably, it will be a market with less fluctuations today.



Middle Bollinger Band stands at 6029 and Lower Bollinger Band at 5952. MACD and Stochastics indicates a bearish market, while, RSI depicts a neutral market. Moving Averages still indicates bullish trend on long term run.



Asian markets closed with mixed trend on Monday. European markets witnessed for a heavy fall last day. US markets are trading in negative zone right now. Brent Crude prices also decreased. Rupees showed weak trend against Dollars.



India VIX closed at 14.34 with 4.22% increase.


GOOD LUCK..................

INTRADAY TIP

SELL NIFTY FUTURES @CMP 6035

TARGETS: 6009-5981-5952

STOP LOSS: 6066

NIFTY TODAY: EPISODE 215

                                      NIFTY TREND FOR 04-02-2012

MAJOR RESISTANCE LEVELS: 6038-6081-6110

MAJOR SUPPORT LEVELS      : 5977-5946-5908

MIDDLE TERM TARGET          : 5760-5790

Nifty closed in red on Friday. It lost 36 points ( 0.59%).

Nifty ( closing ): 5998.90

Nifty is closed at bearish level. So, long ( buying ) positions should be avoided for intraday trading. Anyway, Nifty may open with gain.

MACD and Stochastics depicts a bearish market, while, RSI indicates neutral trend. Moving Average   indicates bullish market on long term trend. Upper Bollinger Band stands at 6102, Middle Bollinger Band stands at 6028 and Lower Middle Band at 5957.

Global markets closed in green last trading session. Brent Crude prices decreased. 

India VIX closed at 13.76 with 2.62%.

GOOD LUCK.......................

NIFTY TODAY: EPISODE 214

                                   NIFTY TREND FOR 01-02-2013

MAJOR RESISTANCE LEVELS: 6048-6070-6084

MAJOR SUPPORT LEVELS      : 6027-6010-5992

MIDDLE TERM TARGET          : 5760-5790

Nifty closed with 21 points loss decrease yesterday. The low broke the Middle Bollinger Band level last trading session.

Nifty ( closing ): 6034.75

Nifty is at clear bearish zone now. Long positions are not recommended for intraday traders today.

MACD and Stochastic charts indicate bearish market. RSI depicts neutral trend. Moving Averages indicates bullish trend on long term basis. Upper Bollinger Band lies at 6101 and Middle Bollinger Band at 6027.

Asian and US markets closed with a mixed trend. European markets closed in red yesterday. Brent Crude prices increased at closing.

India VIX closed at 14.13 with 1.74% decrease.

GOOD LUCK.....................