Go LONG around 4560-4540 with SL 4510 for TGT 4600-4630
Above 4630 non-stop rally till 4660-4700 level
Go SHORT around 4625 level with Strict StopLoss 4635 for TGT 4560
7/30/2009
NIFTY 31JULY09
Tomorrow SUPPORT/RESISTANCE levels (31JULY09)
7/29/2009
NIFTY - 5min chart
Below 4500 don't remain LONG, go SHORT till 4440-4380
Above 4600 don't remain SHORT, go LONG till 4650-4700
7/28/2009
NIFTY
Today go LONG around 4535 with STOPLOSS of 4500 for TARGET of 4610-4650-4700
7/27/2009
7/24/2009
7/23/2009
7/22/2009
NIFTY
GO LONG AROUND 4440 LEVEL STOPLOSS - 4420
GO SHORT AROUND 4500 LEVEL STOPLOSS - 4520
BUYING WILL BE SEEN ABOVE 4520
7/21/2009
NIFTY
NIFTY strong resistance around 4500-4550, if crosess these levels then next target would be 4700+ (as 4700CE has 35lacs open interest).
Short term range for NIFTY could be 4300 - 4700.
(NIFTY still has very high open interest in 4000 PE & 3800 PE, a breakout of 4300 level will take to 4000-3800 level)
| Price | Open Interest | Interpretation |
| Rising | Rising | Market is Strong |
| Rising | Falling | Market is Weakening |
| Falling | Rising | Market is Weak |
| Falling | Falling | Market is Strengthening |
Stock in news
Today buy ANU's LAB for a target of 36-38 (they have declared 1:1 bonus issue) and dividend suppose to be on 27JULY09.
7/17/2009
NIFTY VS WAVE THEORY
If NIFTY not crosses yesterdays high (or take risk till 4355) then watch panic selling. TGT1 4100-4050, TGT2 3900-3750.
If crosses???? Then see the above chart (read it slowly & carefully).
My ULTIMATE target on expiry date is minimum 3900-3750.
Today GO SHORT around 4265 (Stop-loss 4305-4350)
HAPPY TRADING!
7/16/2009
7/15/2009
NIFTY
Go short around this level with SL 4265 for Target of 3800
7/14/2009
NIFTY long term
WORRIES ON LONG TIME
I was reading a book in which the author had given a chart of the Dow Jones Index. In 1997 July it was trading at 8333. Today, I checked up and the Dow is trading at 8325. In twelve years, the Dow has not moved at all. True, it has seen highs, and some lows, but t the end of a journey it is where it was! From 800 in 1982 to 8333 in 1997, the Dow increased 10 times in 15 years. But, what happened after that? The Index remains where it was, now going back to its average return (reversion to the mean!).
All above average movements will eventually come back to the average. If this principle is accepted, then the Indian markets may also be getting inside a long trading range. We moved up from 920 in 2003 April to 6300 in 2008 january - about 6 times in 4 and half years. That's a lot! The Indian Market may now remain in a range for many years trying to reach the mean.
I was reading a book in which the author had given a chart of the Dow Jones Index. In 1997 July it was trading at 8333. Today, I checked up and the Dow is trading at 8325. In twelve years, the Dow has not moved at all. True, it has seen highs, and some lows, but t the end of a journey it is where it was! From 800 in 1982 to 8333 in 1997, the Dow increased 10 times in 15 years. But, what happened after that? The Index remains where it was, now going back to its average return (reversion to the mean!).
All above average movements will eventually come back to the average. If this principle is accepted, then the Indian markets may also be getting inside a long trading range. We moved up from 920 in 2003 April to 6300 in 2008 january - about 6 times in 4 and half years. That's a lot! The Indian Market may now remain in a range for many years trying to reach the mean.
Thanks to : http://www.sudarshanonline.com/
