Nifty negative 13-apr-2011

NIFTY ON NEGATIVE

Weekly support and resistance:

S 2	S 1	Pivot	R 1	R 2
5747	5794	5869	5916	5991

Fibonacci price projections:

	0%	61.8%	100%	161.8%	261.8%
Up	5348	5509	5608	5769	6029
Down	5608	5447	5348	5187	4927

NIFTY 20 DAY SWING ATR SL 5738

NIFTY UPTREND STARTS @ 5402 .PROFIT BOOKED @ 5925

NIFTY DOWNTREND WILL BE START BELOW 5790 NIFTY SPOT.

NIFTY CLOSE BELOW VERY IMPORTANT LEVEL 5792.PARABOLICE INDICICATOR MOVES TO SELLING SIDE BELOW 5755.ON ANOTHER SIDE NIFTY IS GAP UP ON 25 MARCH 5522 TO 5561 39 PTS. IN MY VIEW NIFTY SPOT SHOLD BE FILL IN THIS GAP , NIFTY MOVE UP TO 5522.

NIFTY VERY IMPORTANT KEY POINT 5738 @ 5715, IF ITS BREAK THEN IT MAY TEST 5450 & 5200 LEVELS. WHO ALL ARE SHORT IN NIFTY PLEASE KEEP THE SL @ 5861 & 5888.

I INITIATED NIFTY SHORT @ 5920.WE PARTIAL BOOK PROFIT @ 5802(120PTS). BREAK 5792 TARGET WILL BE 5756- 5720- 5650-5520.

EXIT ALL YOUR LONG IN NIFTY. ONLY BUY ABOVE 5892(SPOT)ON CLOSING BASIS.

CRUDE PRICES IN PEAK & LIBYA STILL THE PROBLEM NOT RESOLVED UNTIL NOW, SO THIS IS ONE OF THE REASON FOR THE NIFTY MAY FALL ( BEHIND THERE ARE INFLATION AND ETC., )

POSITIONAL TRADERS PLEASE STAY AWAY FROM ABIRLANUVO ( ADITYA BIRLA NAUO ). YOU MUST BOOK YOUR PROFITS HERE AND EXIT.


RISKY traders SHORT ABIRLANUVO @ 886 ( cash ) SL @ 934,
TGT 870 / 863 / 840 / 825. ( SURE SHORT CALL ), double top @ 914 levels in 6 months chart 

POSTED BY

UTHAYA KUMAR.K

ACMIIL COIMBATORE

8122716318

11-April-2011

NIFTY SUPPORT -5800 - 5758

RANGE         -5863

RESISTANCE    -5905 - 5968.

NIFTY STILL IN OVERBOUGHT BEWARE.INTRADAY DOWNSIDE BREAKOUT EXPECTED BELOW 5872 KEEP WATCH THIS LEVEL IN NIFTY FUTURE.

Nifty Very important KEY POINT 5738 @ 5715, if its break then it may test 5450 & 5200 levels. Who all are SHORT in NIFTY please keep the SL @ 5861 & 5888. 


You can initiate the fresh SHORT in nifty below 5730 @ 5715 levels. There are Technical Indicators are looking  POSITIVE for ( SHORT ), so please don't HOLD any your LONG position.



Nifty SHORT TGT's -- 5769 ( if you already in short )
                     5608  -- 5509  -- 5447


Crude prices in peak & LIBYA still the problem not resolved until now, so this is one of the reason for the nifty may fall ( behind there are inflation and etc., )





Positional traders please stay away from ABIRLANUVO ( aditya Birla Nauo ). you must book your profits here and exit. 


RISKY traders SHORT ABIRLANUVO @ 886 ( cash ) SL @ 934, 
TGT 870 / 863 / 840 / 825. ( SURE SHORT CALL ), double top @ 914 levels in 6 months chart 

07 April 2011

NIFTY SUPPORT -5826 - 5858

RANGE         -5940

RESISTANCE    -5934 - 5977.

NIFTY STILL IN OVERBOUGHT BEWARE.INTRADAY DOWNSIDE BREAKOUT EXPECTED BELOW 5872 KEEP WATCH THIS LEVEL IN NIFTY FUTURE.

Sell NIFTY Below 5850

06-APR-2011

NIFTY SUPPORT -5822 - 5862

RANGE         -5895

RESISTANCE    -5935 - 5968.

NIFTY STILL IN OVERBOUGHT BEWARE.INTRADAY DOWNSIDE BREAKOUT EXPECTED BELOW 5872 KEEP WATCH THIS LEVEL IN NIFTY FUTURE.

MAXIMUM UPPER SIDE EXPECTED @ 6030.SHORT TRADERS KEEP STOP LOSS 6030 ON CLOSING BASIS.

 

05-APRL-2011

NIFTY WEEKLY  SUPPORT - 5551- 5688

                                RANGE - 5780

                                RES       - 5917-6009.

NIFTY IS OVERBOUGHT ZONE.5DAY RSI MORE THAN 90.IN MY VIEW NIFTY MAY TEST MAXIMUM 6030.

EDUCOMP  1st TGT achived

BOOK PARTIAL PROFIT and MODIFY THE SL TO COST

EDUCOMP  2nd TGT achived in SAME TRADING SESSION

04 April 2011

NIFTY ( FUTURE )

SUPPORT  5835  /  5810   /  5770

RESISTANCE  5885  /  5910  /  6030

NIFTY --- FRESH BUY ONLY ABOVE 6030 .

POSITIONAL TRADERS  BUY  EDUCOMP  @ CMP and DIPS  with SL @ 415  TGT  445 / 450 /460