One day of fall and other day just opposite. Today opened gap up continued it’s good momentum all around the day. Lower volume raise, and lack of momentum in Midcap counters tells the story, it’s just a relief rally only. To add strength Nifty spot not able to cross previous day high of 4951.15 and almost made a double top over there at that point.
As expected the Oil counter stocks with NTPC and RELCAP moved inline with my expectation. The scripts to trade long mode tomorrow will be RNRL, IT Read more
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Just BLINDLY follow our LIVE Intraday (Everyday 1 – 2) calls very carefully, then you can make money.
VISIT: http://blackrocktraders.blogspot.com & Watch Our Performance – You read it and decide if this service is valuab Read more
NIFTY(4931)-
Nifty was rescued by world markets from scathing bear
offensive on Tuesday. Opening above very strong resistance
of 4850 helped the index to scale higher and more importantly
closed above 4900. Diminishing volume and volatility continue
FRIENDS AS & WHEN U GET 5% OR 10% PROFIT IN ANY STOCK, PLEASE BOOK IT
WITHOUT ASKING ANY ONE.
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NIFTY FUT (LAST CLOSE 4925)
LONG ON NIFTY @ 4801 WITH SL OF 4800.ON 29-1-10. OUR TARGET OF 5400 IN
FEBRUARY IS ALIVE.
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NEW ARRIVAL
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HDFC BANK (LAST CLOSE 1626)
BUY WITH SL OF 1580
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Nifty futures opened gap up higher by 30 points at 4844 and quickly found momentum right ftom the start of the session rallying the whole day to make an intraday high of 4950. Nifty closed the day slightly lower at 4823.
Nifty futures found good resistance at 4950 area but did not sell off like yesterdays session and seems like the resistance is holding for the time being.On the upside a closing above the resistance of 4950 twill negate the bearish tone. Any comfortable move above 49 Read more
Hello Pirates
The commodities calls for the session are as follows : -
GOLD – FEB
High 16670 Low 16572 Cmp 16665
Buy gold above 16689 target 16708 – 16729 – 16751
SL 16640
Sell below 16643 target 16621 – 16600 -
16579
SL 16690
Time : – 4:00 PM
Target by 11 pm
Read more
I am looking at a lower level chart, compressed to have a better idea of what is in store. The main points worth mentioning are as follows.
1. The 5th touch of the swing; that is; at the top trend line, failed to TT.
2. It looks like forming A Head and Shoulders At the moment, whose confirmation will be a breakdown below “B”
3. If the Breakdown as mentioned above happens, The BT will attract NIFTY towards it.
4. You know what will happen if it pierces BT.
5. As it stands, the rally is to Read more
Extreme caution advised:
See the attached chart of 15 Min…. You can see that NIFTY is struggling near the top trend line, which is theoretically near 4955. We might see a high degree of resistance near that level. So… Start watching the game…
Read more
Today global cues are MIXED
* US Markets closed in GREEN (Dow Jones closed below 10,300)
* Asian markets are MIXED
* S&G Nifty Green and trading below 4850
* Crude in UP MOOD (Look crude outlook& call on my another blog http://www.mrinucommodity.blogspot.com/)
* Metals are consolidating after big sell off and short term recovery soon
* Dollar index now in pressure zone and some downside from higher level happen. ( Read more
MARKETCALLS’ VIEW ON NIFTY (INTRADAY)
We wish you To Have A Superb Profitable Trading Day Today !!!
Yesterday nifty cant sustained on +ve side and closed again near its support of 4801. Nifty stands on the border if nifty close below 4801 then it may touch upto 4713 and 4531. We still dont see more panic from here. If nifty close below 4801 then please exit from all long positions.
STRICTLY TRADE WITH STOP LOSS ONLY. IN THE MARKET ONLY SL CAN SAVE YOU.
NIFTY FUTURE CHART
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