Google+ August 2010 ~ NIFTY DEMYSTIFIED

Tuesday, August 31, 2010

NIFTY INTRADAY VIEW FOR 08-31-2010

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Thursday, August 26, 2010

NIFTY INRADAY VIEW FOR 08-26-2010

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Tuesday, August 24, 2010

NIFTY INTRADAY VIEW 08-24-2010

Supports: Trend still up though momentum is slowing down a little.5495-5475/70 is still the strongest support area and s/l for positional longs.
Resistances: 5535 (closing basis)-5565-5580. Staying above 5520 for the day it can try for the higher targets as levels given. Much big movement is not expected.
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Monday, August 23, 2010

NIFTY INTRA VIEW FOR 08-23-2010

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Friday, August 20, 2010

RELIANCE VIEW

Cmp 980. spot.
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NIFTY INTRA VIEW FOR 08-20-2010

Everyone should have booked their profits as 55325/35 has been discussed continuously on the every posts for last few days. Trend is up while 5535 is a crucial hurdle. Above pic will help you to clear the picture on the current situation. 5485-5440 is crucial support/buying zone for NF, while above 5535, 5560-5650-5700 is possible on the card. Profit booking around 5535 and waiting for a dip to get in at a lower level is the current strategy as of now. Further move and probability to unfold in coming few sessions.
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Thursday, August 19, 2010

NIFTY INTRADAY VIEW FOR 08-19-2010

Nifty is poised to go reach 5525/35 zone. Intra buying zone is @ 5480/70. Below that some weakness can set in for 5444/40. No close below 5420 can not bring in any reversal. Though 5525/35 is a important resistance. Above that 5560 is another target. Further breakout will be an early indication for 5650-5700 (positional).
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Wednesday, August 18, 2010

NIFTY INTRA UPDATE

NIFTY SPOT MAIN SUPPORT: 5427-08
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NIFTY INTRADAY VIEW 08-18-2010

Range for the session:5420-5470/75.
ABOVE 5444..5457-5485 BIG RESISTANCE ZONE.
Supports: Nifty currently in a narrow congestion zone where no trend for short term is clear. Below 5444, 5410/05-5375 is big support zone.
Resistances: As shown above above 5444, 5455/60-5485 big hurdle ahead for the bulls.
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Monday, August 16, 2010

While giving the view for 11th August I stated "Below which nifty can go down to 5400-5385/65. Later levels will be for booking shorts." Nifty made a low of 5363 and I hope people with shorts in hand could book the profit comfortably. Sorry for my inability to post for next two days while I was completely all over the place with my crashed PC.
Supports: Nifty again has entered the higher trading range of 5440-5480, where moves are again expected to be quite sideways. Support @ 5440. Below which intra weakness can bring 5425/20-5405. 5380 is crucial from positional perspective.
Resistances: 5480 is intact. Above that 5495-5520/30 are possible.
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Tuesday, August 10, 2010

NIFTY INTRADAY VIEW FOR 08-11-2010

Supports: 5480-5440 is range which does not require any explanation anymore. For the day 5440 and 5425 will be 2 crucial point. Below which nifty can go down to 5400-5385/65. Later levels will be for booking shorts. Break below 5340 is trend reversal.
Resistances: 5470/85 same place in action. above that 5505-5525/35 will be levels to play for.
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NIFTY INTRADAY VIEW FOR 08-10-2010

Supports: Intra supports are at 5470/60. Above that bulls will have the upper hand. Below 5460, 5435-5410 can be targeted. A convincing break down below 5400 will bring in reversal.
Resistances: 5495 and 5525/35 is overhead resistances. Around 5520 it is advisable to book longs for the time being.
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Saturday, August 7, 2010

NIFTY PERFORMANCE REPORT: JULY 2010 UPDATED

Subscription details updated. Click HERE.
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Friday, August 6, 2010

NIFTY INTRADAY 08-06-2010

Nifty closed marginally lower than 5460. Which is important for tomorrow and weekly closing basis. Intraday trading range will continue to be 5440-5520. Daily is in uptrend but closing below 5460 will be a sign of exhaustion but not weakness. Below 5400-5380 daily trend can reverse for lower side targets near 5300-5150.
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Thursday, August 5, 2010

NIFTY INTRADAY VIEW FOR 08-05-2010

Nifty maintained itself above 5410 convincingly, and broke above quite convincingly. Now, going forward 5495-5520/30 is big resistance zone, where longs created @ 5420 or above 5460 can be booked. Downside  intra supports are @ 5445/40-5420. Below 5405-5380 long should be avoided.
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Tuesday, August 3, 2010

NIFTY INTRADAY VIEW FOR 08-04-2010


Trade the range 5460-5380, intra support lies @ 5410. Above 5460 (preferably close), 5520/30 is possible. Below 5380, 5310-5280 initial targets.
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Sunday, August 1, 2010

NIFTY INTRADAY VIEW 08-02-2010

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