Nifty is facing resistance at 5940 and retraces back. The support levels are 5711-5680-5650-5500. Nifty is moving in a converging triangle and the converging point is 5680.

Nifty for settlement week: As per FII data and Nifty future data markets are expected to rise further in the coming week also.  Expected settlement for March may be 5600 to 5750. If nifty moves up in first two days the settlement may be at 5600-5630 else if nifty consolidates at 5580-5650 then the settlement may be above 5700.

Nifty for 24-3-2011 trading: Nifty started to rise. FII data bullish, but more shorts in stocks futures?. As per options writings the rise may be up to 5700 in this settlement.  But the confirmation is from tomorrows trading with more buying in stocks futures by FIIs.

     If there is no follow up buying in stocks futures by FIIs tomorrow we may see correction up to Friday forenoon and followed by big rise in the next week. April trading is with in the range of nifty 5400-5800.

Nifty levels : 5620-5311-5820

medium term nifty levels 5300-5600-5900.

Nifty for 16-3-2011: Before reaching nifty 5660 market fall initiated, means the earlier level of 5600 itself may the end of short term rise.  If nifty crosses 5450-5470 then only markets will be long else if markets are in red tomorrow then the fall will be agrevated below 5400 once again.  FII bought in cash, sold in F&O index and stocks futures. Markets will fall further but it is a matter of time may be in 1 or 2 days.

Nifty for 15-3-2011: Nifty crossed 5510 and closed at 5531.

FII bought in cash bought in index futures and sold in stocks futures, means markets will fall in future from these levels though they rise for 2 days.

Nifty future open interest  -3.5 lakhs not fully bullish.
Nifty 5550-5660 levels are strong resistance zone.
Tomorrow triggers GST bill in Parliament. Thursday triggers RBI credit policy review.

Markets may rise up to 5630 only? Two days long side trading.  Delevery buying is only after nifty crossing 5630 but if comes down breaks 5400 low and final way to 5100.

FOR 14-3-2010: Nifty is in down trend. For trading go long nifty future above 5510 or short below 5410. FII data is sold in cash, sold in F&O. The event inflation data on Monday and the effect of Japan Earth quake are the forces for the day. Later we can under stand the direction of the market.

Bullish-bearish barrier

For 11-03-2011 trading: 

• As per Sensex levels markets will be bearish below 18300 and bullish only after crossing 18645. For both the directions stoploss will be the level it self.
• FII data bearish in cash and F&O. Nifty future added 5 lakhs means bearish.

Tomorrow the IIP data and next day the inflation figures are the violent market movers and after these jerks the market will go down finally. Our trial is to buy puts at cheaper rates in the jerks. stop loss for shorts is nifty 5610.

Nifty analysis

Nifty future levels 5460-5550-5600-5660-5720-5750. (Most possibly 5660 only).

• FII bought in cash, Balanced in F&O.
• Nifty future added 9 lakhs at higher level (5550). Theses are shorts if nifty future falls below 5517 tomorrow. 
• May be for two days markets may be range bound. As far as macd day chart is concerned minimum three days of +ve momentum to market is expected.
• What happens to nifty at 5660? At present downside is only up to 5460. Final journey to market is 5100.

Budget impact

Indian market is expected a final positive closing for the budget day closing. Though the negative points are in the economic system the markets will have to rise from these levels at least for one/two months. Hope the downward swing on the budget day may be taken as a chance for a buying in stocks. The FII data is bullish in F&O but selling in cash that may get reversed soon.

Nifty after a bounce from 5180 pauses the rise at 5480-5481. Now for tomorrow if nifty crosses 5530 then the rise will continue for the next week also and the settlement may closes positive month on month. If nifty breaks down 5440 then the fall may continue and first retest the recent bottom. As far as news is concerned there is no major negatives for markets.

Nifty future may take support at 5140 and the rise may be up to 5380. But the reversal has not yet confirmed. Be cautious in longs with a stop loss 80 points below where you take position.

Nifty is trying to break 200 day line now but 5550 will be a strong support.  Next target will be 350 points up side before further fall?.  The final 5th wave downwards will start. Final target may be 5350 in February 2nd week.

Nifty is trying to break 200 day line now but 5550 will be a strong support.  Next target will be 350 points up side before further fall?.  The final 5th wave downwards will start. Final target may be 5350 in February 2nd week. 

Nifty bounced up from the days low 5711 to 5863. It shows that nifty took support at 5700 zone. FII data is long in stocks futures and short in index futures.  Nifty future should cross 5960 then only confident of run up. Otherwise, simply nifty may be at 5600 at 200 day sma/ ema lines. Even 5550 is to be seen.

Nifty is falling now.  The supports are 6080-5960 and if falls the target will be 5725 to touch or break further.

Nifty swings for January 2011

Nifty is expected to swing between 6300-6000-5900.
No major buildup of open interest till now. So if first nifty comes down the build up makes the market to new highs. Else short at 6250-6300 zone for 250 to 300 points profits.
Tata motors 1300-1200 but 1350 will be a danger zone.
Tata steel 700-640 but possibility to go up to 740.

Day trend  is bullish at least for three to 4 days but the nifty future support is 6080. So let us expect nifty future to move between 6080-6280 for this week. If nifty future breaks 6080 target 6000-5980.

HAPPY NEW YEAR 2011.

I WISH YOU ALL A VERY HAPPY NEW YEAR WITH ALL ROUND DEVELOPMENT AND PROGRESS.

Nifty for 08122010: Nifty falls below 5950 once and for closing recovered very well but closed in red.  Nifty open interest was down by 9.9 lakhs means the confirmation of no long. FIIs sold in all the segments. US markets also lost the opening steam. Asian markets are flat. Nifty is expected further down today. If not go long above 6000 and stop loss is same.