INTRADAY UPDATES 30 NOV

NIFTY FUTURE may go upto 5940/5975.......

If nifty spot close above 5878 then another good day for them who have initiated longs at 5776..

OPTION STRATEGY FOR DEC SERIES

Buy 1 lot of DEC nifty 6000 ce at 53 and sell 2 lots of DEC nifty 6200 ce at 13....

For 30 Nov 2010

Keep sl of nifty spot 5766..and go long....if 5766 breaks then might break 5690....

29 Nov ..Intraday

Keep sl of 5742 and go long......it signals reversal..lets see

As said nifty done its tgt....now spot 5792 very important..close below that not a good sing.....cmp 5826

For 29 Nov 2010

Highly oversold position of NIFTY will take it in between 5840 to 5945.Both points are major resistance.If not crossing 5840 nifty may touch 5557 level-of course this is in broder sence-in trading point of view 5840 and 5690 are the levels to be watched.
Looking at oversold situation one may initiate long position but tgt would be 5840 only.But though oversold one must be very catious as this condition may exist for few trading sessions with trading range of 5690 to 5840.

For 25 Nov 2010

Faling wedge if supported at 5818/5790 then there may be very very smart recovery....
It is BULLISH pattern....I have shown also FIBONACCI RETRACEMENT there...If supprted at the given area then the journey will be accordingly...and the ultimate tgt will be 6240..
There are other things to considere which signals NIFTY will show new high again ...But about that will discuss later...
If today closed above 5912 then it is a sing of pause/stop for this fall....
STRATEGY...
1....Go long if nifty spot open or trade near 5865/5835 with sl 5818/5790...
2....Cover longs at/near 5910..
3....If NIFTY spot opens above 5896 then also go long with sl 5865..and cover it at/near 5944
4....NO SHORTS TODAY

For 24 Nov 2010

Nifty spot AT 5935..keep sl of 5912 and go long....

Now buy SBI DEC 3100 ce at 66 to 68..sl...50....tgt....120/155/more

AT 12.19 PM

Now if spot nifty doesn't breaks 5952 in next one hour then very fast upward move expected......

At 1.20 pm...

If nifty spot crosses 5954 in next 15 minutes then new high for intra....

UPDATES..23/12/2010

NIFTY SPOT MAY SHOW 5829 FIRST AND THEN UPWARD MOVE......WAITING ..HOLD EARLIER CALLS WITH THIS SL....


At 1.20 pm
BUY dec moini nifty at 5880...sl...5820...tgt....6040/6175/more

AT 2.35 pm

NIFTY SPOT NOW FIRST TGT 5990...WHERE LITTLE PAUSE..

AND DEC SERIES LONG CALL AT 5880 GIVEN 100 POINTS.....SEE..ITS 5980..ENJOYYYYYYYYYYYYYYYYYYYYYYYYYY

FOR DEC SERIES

BUY dec nf 6300 ce at 39..sl..15..tgt...80/140/175/more....

BUY RELIANCE DEC 1050 ce between 21 to 23....sl...15..tgt.....40/65/80

23/11/2010 ...9.23 AM

RELIANCE DEC 1050 CE ....HOLD....ILLIQUIDITY MAY SHOW PRICE TICK BELOW 15 BUT HOLD

UPDATES FOR 22 NOV

nifty spot cmp...5938....5986 not cleared then new low....

TISCO....will break 595 today...sl 616/618 level...lets watch


at 12.30 pm

sell nf at 5943..sl...5970...tgt....5905/5880/5840....

sl hits....exit.....now it seems 5864 is bottom for next big rally....

nifty spot tgt 6040......today or tommorrow....

For 22 NOV 2010

NIFTY.... POSSIBILITIES....
1--- 5856/5844 very very crucail......if it protects then NIFTY SPOT may again will show 6080/6150 ...BUT IF ....selling starts there again then 5540 on card.

2---- IF 5856/5844 not protects then 5726/5715 on card.

3----IF 5715/5726 not protecting then 5540 on card.

UPDATES 18 NOV

Now spot 5898 imp..if breaks then 5840....watch it

Retracement

See this chart......from 5349 to 6338..38.2 level is at 5960..so time being at least or for uptrend to continue...this must protect....else 5840 on card....

For 15 Nov 2010

Watch...6055/6030....Bulls have to protect this area.......

For 15 Nov 2010

ISLAND REVERSAL....will create panic...and total correction of 5350 to 6338....or even 2550 to 6338.......
But nifty is oversold so lets see......

For 12 Nov 2010

Here are three charts....and lines drawn speak themseves....watch those levels....

For 03 Nov 2010

As saying since last 2 weeks Nifty spot 6130-5960 level is very important....now this range is getting narrower...now watch 6090/6075-6130/6140....it has to break either side.....festival season may give breakout but before that testing/protecting of 6075 seems very important.....if weekly close is above 6140 then rally -if happened- will sustain next week ..else breaking of 5935 and testing of 5890 on card..