Nifty Future – Eventful Session.

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Nifty Future

(Updated on 28-02-2012 at 07.40 AM)

Just see our post dated 23.02.2013.

We have clearly written that if Nifty spot breaks below 5820 then next 

support is 5750 where market would bounce off.

Yesterday also mentioned that Nifty fut has support at 5747

and see Nifty fut dipped to 5748.10 and took U-turn

and closed at 5797.90.

Now for Today.

Eventful day.

Union Budget for FY 2013-2014.

F&O Expiry of February’13 Series.

Minor Hurdle at 5814-5825.

Crossover above 5825 see blast up to 5850.

Hurdle at 5850-5866.

If Trades above these region then

may rally up to 5900-5960.

Once break 5788 and not crossing above 5825

then free fall up to 5770-5755 not ruled out.

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NTPC, Tata Chem, IDFC, LIC Housing Fin. & Ranbaxy Tips

NTPC

Strong hurdle at 152

Sell on rise.

Target = 148-146

Exit short above 153.

Tata Chem

Support at 329-330.

Buy in dips around 331-332

Our Target above 336 is 342.

IDFC

Watch 151 level.

Once break below it and sustains for 15-20

minutes then slide up to 146.

Tata Motors

Support at 282-286.

Watch level of 280-282

Break below see panic up to 270-272.

LIC Housing fin.

Support at 236-238

Once break 236 and stay below for 15 minutes

then selloff up to 229-228.

Ranbaxy

Support at 412-413.

If holds support then may rally up to 422-425

If breaks support than expect slide up to 400-397.

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Nifty FUT Trade Setup For 27 February 2013

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THOUGHT FOR TODAY  —————————— The Power of Truth The power of Truth is such that you need never be concerned about proving it. You need only be concerned with being it and living it. Truth is always revealed, at the right moment, at the right place. It is for this reason that the simplest, most powerful expression of truth is humility. Real humility results in so much power of truth and inner silence that you don’t need to say anything at all in words. The power of humility allows you to see the benefit in everything, even in the insults of others. 

Nifty Future

(Updated on 27-02-2012 at 08.00 AM)

In our last post we mentioned that Nifty spot.

had support at 5825. Once it breaks it.

would move down vertically up to 5750.

Just see it dipped to 5755 and closed at 5767.

Now for Today…

Support at 5747-5735 for Intraday.

Crossover above, 5777 with sustained.

vol expect rally up to 5789.

Hurdle at 5792-5798.

 Breakout above 5809 with vol

blast up to 5830 not ruled out.

But possibility is very less.

 Break below 5725 expect lower levels up to 5711-5702.

Panic selloff below 5700 may take Nifty fut up to 5642.

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Nifty Spot Updated on 23.02.13

Nifty Spot

Nifty is likely to hold the support in 5825-5840 region.

In this case it may pull back up to 5950-5970

and will form head and Shoulder pattern

which has bearish implication.

14 Period Stochastic and RSI is in oversold zone.

If shows more power than this pullback may

extend up to 6017-6030 where long term

rising trend line may stall the rally.

This up move will form another right shoulder.

In case Nifty breaks and closes below

5820 then nonstop slide up to next downside

support at  5750-5735 which is 

 23.60 % Fib retracement level.

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IDFC,Union Bank Of India & JSW Steel

idfc

IDFC

Closing price = 155.20

Moved up to 165 in a pullback.

Strong hurdle at 163-165.

Now will face hurdle at 158.

Likely to slide up to 152.

If sustains below 152 then slide up to 147.

Union Bank Of India

Closing Price = 226.80.

Pulledback up to 243 which is strong barrier.

Now below 233 bears will kill.

Expect panic up to 214.

JSW Steel

Bears may dominate the trend 790.

Sell on rise.

Traders may act at 770-777

Break below 763 may slide up to 752-744.

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Nifty FUT Trade Setup For 22 February 2013

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Nifty Future

(Updated on 22-02-2013 at 08.10 AM)

We clearly mentioned that Nifty fut has strong

hurdle at 5975-5989 zone.

Nifty rose up to 5974 and plunged.

Also written that below 5925 would have panic

selloff up to 5888 and may retest recent lows.

Now for today…

Support @ 5831-5817 for intraday.

Break below 5817 except slide up to 5802.

IF breaks and sustains below 5795 then

panic selloff up to 5755-5735.

Hurdle at 5874-5890.

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