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Just see how Petronet, Gail , Divis Lab etc
traded as yesterday as mentioned in our yesterday post
Bank Nifty spot
Below 11411 see bloodbath up to 11336-11311.
Hurdle at 11562.
Axis Bank
Sell on rise or break below 1333
See non stop slide up to 1305.
Torrent Power
Sell Torrent power at 162
Stoploss above 164
Target = 159-158
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Nifty Future
(Updated on 28-02-2012 at 07.40 AM)
Just see the accuracy of our levels mentioned
yesterday even during the highly volatile session.
Yesterday written that market would travel up to 5850
above 5814. Nifty fut Feb Series made high at 5843.
We also written that If NIfty fut breaks below 5788 once
and not crossing 5825 then this may trigger panic selloff
and what happend after that you might have observed yesterday.
Now for today…
Break below 5710 see slide up to 5691-5670.
Support at 5667 for intraday.
If not breaking 5691 and trade above 5710 then
may rally up t 5748-5752.
Hurdle at 5755-5767 for intraday.
Two daily + weely closing below 5675 for Nifty spot if
happens then see bloodbath up to 5590-5517.
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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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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
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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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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