Monday, August 1, 2011
Sunday, April 10, 2011
Saturday, February 12, 2011
Simple Moving Averages - is it so simple?
20day SMA 5522.75*, a first hurdle for the bulls.
200day SMA 5627.54*, if at all we are in bull market, nifty should take out this level and stay above it.
50day SMA 5786.64*, nifty moving above this can add bulls to the party and bears can start covering shorts.
100day SMA 5925.28*, above this level bears may go into hybernation.
100week SMA 5040.67*,can be a good immediate support.
50week SMA 5553.09*, can be a good resistance.
200week SMA 4691.63*, can be a deep panic support.
50month SMA 4662.23*, can be a second line of defence after 4691.63* for the bottom fisher.
100month SMA 3400.38*, if there is some extra ordinary situation and market gives lower circuit, near this level market can get some stability.
200month SMA 2253.82*, in case of total collapse market can rush towards this level.
* These levels are variable as the days passes.
These levels does not suggest the entry or exit point. One has to look at the market condition very carefully.
Point & Figure chart suggests that above 5350 Nifty might give a low pole reversal.
200day SMA 5627.54*, if at all we are in bull market, nifty should take out this level and stay above it.
50day SMA 5786.64*, nifty moving above this can add bulls to the party and bears can start covering shorts.
100day SMA 5925.28*, above this level bears may go into hybernation.
100week SMA 5040.67*,can be a good immediate support.
50week SMA 5553.09*, can be a good resistance.
200week SMA 4691.63*, can be a deep panic support.
50month SMA 4662.23*, can be a second line of defence after 4691.63* for the bottom fisher.
100month SMA 3400.38*, if there is some extra ordinary situation and market gives lower circuit, near this level market can get some stability.
200month SMA 2253.82*, in case of total collapse market can rush towards this level.
* These levels are variable as the days passes.
These levels does not suggest the entry or exit point. One has to look at the market condition very carefully.
Point & Figure chart suggests that above 5350 Nifty might give a low pole reversal.
Saturday, October 9, 2010
Nifty - Now what?
* Writing after a good gap of time.
* 6281 can be one of the resistance. Nifty closing above this level can add further bullishness.
* 5587 can be a good support. (May sound funny, looking at where we are now).
* BB on eod and monthly chart are contracting. Rallies can be sold and corrections can be bought, till expansion starts.
* RSI 2 period on monthly chart is 98+. One needs to hedge long positions.
* Nifty gave a break out above rising wedge, which usually is followed by a throw back which can be a good buying opportunity.
* One can hedge long positions by buying deep out of money puts.
* Happy Navratri. Play garba and daandiya dil se !
* 6281 can be one of the resistance. Nifty closing above this level can add further bullishness.
* 5587 can be a good support. (May sound funny, looking at where we are now).
* BB on eod and monthly chart are contracting. Rallies can be sold and corrections can be bought, till expansion starts.
* RSI 2 period on monthly chart is 98+. One needs to hedge long positions.
* Nifty gave a break out above rising wedge, which usually is followed by a throw back which can be a good buying opportunity.
* One can hedge long positions by buying deep out of money puts.
Sunday, August 8, 2010
NIFTY - Weekly outlook.
* 5345 to 5365 is an important support level for this week.
* 5475 to 5500 can act as a resistance zone.
* 5356.90 is a Monthly Floor pivot.
* For forthcoming days, 5236.30 can be interesting level to be watched if we get weekly closing below 5356.90.
* Buy and hold in panic !
* Move above 5500 can bring in short covering.
* 5475 to 5500 can act as a resistance zone.
* 5356.90 is a Monthly Floor pivot.
* For forthcoming days, 5236.30 can be interesting level to be watched if we get weekly closing below 5356.90.
* Buy and hold in panic !
* Move above 5500 can bring in short covering.
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