Nifty Spot Analysis Update

nifty-futures

THOUGHT FOR TODAY

The Power of Thoughts
Thoughts are more powerful than actions because they are the creators of actions. You have to keep in mind that the thought-waves of your good wishes and pure feelings, your vibrations of peace and love, can once again bring harmony in nature and happiness in the world.
 

Nifty Spot

(Updated on 04-02-2013 at 07.40 AM)

As projected on Friday Nifty spot faced

resistance at 6051 made vertical dive below 6022

and made low at 5983 and closed at 5998.90.

Support at 5982-5972 for intraday.

If breaks below 5972 and trades below for 20

minutes then expect slide up to 5955-5933.

Hurdle at 6022-6032.

With Successful crossover above 6035

with volumes, Nifty may resume uptrend

up to 6052-6070

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Nifty Future View For Short Term Traders. (Advance)

Chart is available for subscribers only. Nifty Future is trading up-trend as seen in the above chart. Just Click on Chart to see carefully. In the coming days, traders will see profit booking on NF. All are major world markets in upper trend. Most of the major indices on U.S. markets closed at or very near multi-year highs again last Friday which is good news for traders to test 6288 very soon.

This is a 30-min Chart for Short Term Traders who want to get long into Nifty Future.

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Nifty Spot – Trade cautiously at higher levels

nifty-futures

THOUGHT FOR TODAY

Sweet Words
A bitter tongue makes life bitter, a sweet tongue makes life better.

Nifty Spot

(Updated on 01-02-2013 at 07.40 AM)

Yesterday written that Nifty fut would face hurdle at 6066

and lower up to 6025 below 6040.

Nifty fut Jan Series made high at 6067 and low at 6027.

Now for Nifty Spot

Support @ 6026-6022

Break below 6018 may take up to 6009-6000.

Resistance at 6042-6051.

If trades above 6051 for 20 minutes, then may rally up to 6064.

Trade cautiously as Nifty may face strong hurdle at 6050-6074 zone.

Any rally below 6075 is less likely to sustain.

Daily + weekly close below 6014 may take

Nifty spot up to 6044.

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Nifty FUT Trade Setup For 31 January 2013

nifty-futures

THOUGHT FOR TODAY

The Weak, The Brave And The Strong
Anger is weakness, tolerance is bravery. Humility makes you strong.
 

Nifty Future

(Updated on 31-01-2013 at 08.20 AM)

Previous session remained choppy ahead of January expiry.

As mentioned that Nifty fut traded between 4041 and 6070.

Facing great hurdle as moving higher near 6100 to sustain.

No need to change levels.

Hurdle @ 6066-6074.

Crossover may take up to 6088-6097

Support @ 6040.

Break below 6038 may take up to 6025.

Crucial support of rising trend line at 6022.

Break below may take up to 6010-6000.

Two Closing below 6022 may take lower at 5975 which is

second trend line support for short term trend.

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Nifty FUT Trade Setup For 30 January 2013

nifty-futures

THOUGHT FOR TODAY 

Getting On With It…
Worrying about how everything will get done or whether I am capable of doing it limits my ability to respond to challenges considerably. The less I think about doing something and the faster I just get on with it, the fewer problems I cause myself. Good planning is always helpful, but time spent fretting and procrastinating is a major drain on my energy. The more willing I am to respond positively to opportunities, the more my capacity will grow.

Nifty Future

(Updated on 30-01-2013 at 07.40 AM)

Just see the Nifty fut made turning from the levels

we have written here.

Yesterday we mentioned that Nifty fut would move up to 6119

above 6095 and then retraced vertically and formed low at 6041.

We have also written that NF would take support at 6041.

Nifty fut made low at 6041.

Hurdle at 6059-6068.

Crossover may take up to 6084-6092.

6090-6110 Strong hurdle zone.

Intraday support at 6040-6031.

If holds the support and trades above 6060 for 20 minutes

then expect rally up to 6082-6089.

Crucial support of rising trend line at 6022.

Break below may take up to 6010-6000.

Two Closing below 6022 may take lower at 5975 which is

second trend line support for short term trend.

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Bank Nifty & Axis Bank’s Guestimate

BANK-NIFTY

Bank Nifty Spot

Above 12708 Bulls have upper hand.

Hurdle at 12810-12828.

Crossover above 12842 may take up to 12875-12904.

Hurdle at 12900-12935.

Break below 12690 except slide up to 12600-12585.

AXIS BANK

Axis Bank

Resistance at 1430-1436

Trends looking tired at resistance zone.

Prices are diverging with Oscillators on short term trend.

If not able to sustain above 1435 then slide up to 1382 not ruled out.

Closing below 1478 may take lower up to 1350 in non-stop slide.

Decisive break above 1435 blast up to 1457-1457.

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