Friday, February 26, 2010

Tommorow budget day

For budget day no support resistances would work so no updation done

Thursday, February 25, 2010

Thursday,s level

Nifty resistances lies @ 4875 & 4888 any sustainability above that for some time would bring upward pressure above that whole bunch of resistances of 4900 levels would come into play but tomorrows trading session & budget day trading would be very interesting to see as we very range bound today..........
have a nice day ahead
shan

Wednesday, February 24, 2010

Wednesday,s Levels

I am tired of writing resistances ,,,,,,,but cant help it as markets are not obliging bulls in any way as told from day one.Nifty again entering make or break region now all 3 days of trading in nse (nifty) will be driven by news i am only giving big & far away resistances failure to breach them fast will show again downside moves 4950-4970-4990
If the uptrend which started from 4675.4 has to be maintained we need to cross & close above these resistances........
Shan

Tuesday, February 23, 2010

Tuesday,s Trading Day

We made high of 4884.1 exact in mid of band that i gave as strong resistance (4880-4886-4890) it was good volatile choppy markets again but it ended well..............

Tuesday, Levels

Again for Tuesday i am again giving resistances not supports as the things have not changed 4857-4858..4870.. TO THIS (4880-4886-4890) region will again act as resistance above that there are many resistances it depends how we trade & how strong momentum is ..........
Shan

Monday, February 22, 2010

Monday,s trading till NOW

we faced rsistance @ 4912.05 exact so lets wait & see whats in store going forward
shan

Sunday, February 21, 2010

Monday,s Levels to be watched

Volatility to command this week so ride the volatility,we took important support on nifty @ 4805.55 as for my levels support was @ 4803 ............but as told in all my earlier post we are still not out of woods may be its forming a fresh base or may be making a fool of bears & bulls where it goes up & drops sharply again .. this are my views ....... as for resistances there are many & becoming more important by the day 4880,4912,4930-4940-4960-4980-4990 all these are resistance supports to are forming bases now but not as prominent as resistances ... i am only giving resistances ,,, trading would be choppy as like Friday when traders were cut on both sides... have good days ahead ..
Shan

Friday,s Trading Review

In the opening Gap down we took 4870 & it was smooth ride down we were taking support at 4835 levels but then also it fell down & took support at 4805.55 i assumed support at 4803 but yes it was good support taken & a good ferocious bounce from there if we had closed above 4870 levels it would had been good, now again tug of war between bulls & bears remain...

Friday, February 19, 2010

Friday levels

4870 is again crucial to be watched for downside ....& upper targets 4920 above that will act as resistance 4960-4970-4990............ i would welcome queries & posts by readers

Thursday, February 18, 2010

Thursday trading day

Lower level given(4870) was tested today & volatility was high swift 20 points move were coming on both sides...... but as per view given nifty traded on downside bias but held crucial levels

Wednesday, February 17, 2010

I m back with a bang. couldn't update the blog as i was unwell . I Apologize for the same

levels to watch for resistances 4960-4970-4990 these are upside levels but downside levels to watch for is 4870 below that again down side opens still my downside which opened by breaking from 4960 from my first post is still not vanished ...

Wednesday, February 3, 2010

No updation

No updation due to my illness will update when i feel well....

Tuesday, February 2, 2010

Tuesdays views

Above 4925 4960-4970 possible supports to come at 4880-4890 levels cant give more broad lay out as earlier told due to my sickness .... 4840 to be crucial for very short term close above 4960-4970 would be more positive

Monday, February 1, 2010

Review monday trade

I had expected the support to come in the region of 4810-4835 but it came nearly at 4827.15 low of nifty so it gave more importance to the level of 4828 given on friday in mid day........ we made a high 4918.8 on nifty exactly the 2nd resistance of 4920 level given ..... i am unwell so couldnt give intraday & live update but would try to update for tommorow....view