Thursday, June 25, 2009

Charts

Wednesday, June 24, 2009

INDIA VIX STUDY

Sultans Of Swing

  1. Nifty made a high of 4693.20 on 12 June 2009 and low of 4143.25 on 23 June 2009.
  2. The range comes out to be 549.95.
  3. The phi comes around at 4483.10. Nifty can do a swing upto that level.
  4. If Nifty breaches 4575.50 on the up, then it would resume it's uptrend.
  5. Meanwhile Nifty shouldn't close below 4273, otherwise it would resume it's downtrend.

Monday, June 22, 2009

Calls For Today

  1. BUY NIFTY SPOT AT 4331, STOP LOSS = 4315, TARGET = 4350, 4362, 4387, 4404, 4420, 4433.
  2. BUY BANKNIFTY SPOT AT 7258, STOP LOSS = 7228, TARGET = 7299, 7324, 7374, 7410, 7442, 7468.
  3. BUY RELIANCE SPOT AT 2053, STOP LOSS = 2043, TARGET = 2067, 2076, 2094, 2106, 2117, 2126.

Charts

Sunday, June 21, 2009

Nifty Levels

Nifty made a 52 week high of 4693.20 on 12 June 2009. The 14 day ATR is 140.82. Subtracting the 3 times the ATR from High Point would be 4270.74. Nifty breached this level on 18 June 2009, when it made a Low of 4222.15. This represents short term reversal Nifty made the lowest low of the present Swing on Friday, 19 June 2009, when it touched 4206.70. The range from HIP to LOP would be 486.50 or the range from 4693.20 to 4206.70 is 486.50. The 61.8% of 486.50 added to LOP would be 4507.35. Below this point Nifty is weak. The 23.6% of 486.50 added to LOP would be 4321.50. Below this point Nifty would continue to be bearish. And if continued to close below this number i.e., 4321.50 It would target the 127% of 486.50 subtracted from the HIP, i.e., 4075.35.

Sunday, June 14, 2009

I got the Power

This is a Relative Strength Chart for Nifty to CNX 500. It shows Nifty in Sell mode but in X column ready to give a buy signal. The fastest movement in this chart after January 2008. Which might indicate that Nifty has bottomed out, in medium term.

Nifty Levels This Week

Nifty made a Swing Low of 4365.10 on 9th June 2009. 10 day ATR is 139. Adding 139 multiplied by three to the low would be = 139 * 3 + 4365 = 4782. Unless Nifty breaks above 4782, the uptrend can not be confirmed. Nifty made a 52 week high of 4693 on Friday; 4693 - 139 * 3 = 4276, unless this number is breached we can not say for sure that down trend has begun. On other hand Nifty can easily corect upto this level, and still continue in uptrend! Following, making the swing low, it touched 4693.20 on 12 June 2009. The range comes out to be, 328.10 points. The golden mean comes arounf 4567 and Nifty made a low of 4566.15 on Friday. It goes on to show the importance of Golden Ratios in calculating the major Supports and Resistances. If Nifty breaches 4567 then next major support is 4529, as always. Below 4529, we have 4443 and below that it may test 4288. Looking above 4771 would be a major resistance for Nifty this week. Nifty is quietly gaining strength at these levels, so we must be prepared for some stupendous fireworks, probably later in the week or may be week starting 21 June 2009.

Friday, June 12, 2009

CHARTS

The S&P CNX Nifty played out as expected. The momentum at the end of the day remains negative as it has closed near the low of the day. At larger time frame, RSI(14) has formed a Class A Negative Divergence, and it has been resisted by the 20 sma, thereby signifying a breach of the 2 and 3 day swing lows at least, in the coming week. But today it has retained the 2 day swing low at 4551. So next week would be more profitable, at least that's what seems at the end of the day, today.

Charts

The RSI(5) is in Class A Negative Divergences. This indicates a probable correction. RSI(5) has been unable to cross the 20 sma. All in all it's highly unlikely, that Nifty would remain rangebound on Friday. The Stop Loss for Positional Longs is 4550.

Wednesday, June 10, 2009

CALLS FOR 10 JUNE 2009

  1. BUY BANKNIFTY SPOT AT 7226, STOP LOSS = 7192, TARGET = 7277, 7308, 7369, 7413, 7451, 7483.
  2. BUY RELIANCE SPOT AT 2288, STOP LOSS = 2274, TARGET = 2307, 2319, 2343, 2360, 2375, 2388.
  3. SELL EDUCOMP SPOT AT 2874, STOP LOSS = 2890, TARGET = 2845, 2829,2796, 2772,

Monday, June 8, 2009

Support & Resistances for this week

Resistances: 4604,4621,4638,4666, 4681, 4689,4732,4745,4753 Supports: 4587,4570,4566, 4558, 4553,4543,4536,4494, 4484,4479,4449, 4406, 4379, 4372,4354, 4293, 4260

Charts For 5th June

Uptil 5th of June Trend was strong enough to keep travelling out of the Keltner Channels. Some correction is due but it doesn't seem like Nifty is going to form a swing as yet. Let's watch, what happens on Monday.

Tuesday, June 2, 2009

Charts For 2 June

Calls For Today

  1. BUY NIFTY SPOT AT 4545, STOP LOSS = 4528, TARGET = 4559, 4569, 4588, 4602, 4614, 4624.
  2. BUY EDUCOMP SPOT AT 3049, STOP LOSS = 3030, TARGET = 3085, 3106, 3147, 3176, 3202, 3223.

Monday, June 1, 2009

Charts For 1 June 2009

Calls for Today

  1. BUY NIFTY SPOT AT 4470, STOP LOSS = 4450, TARGET = 4494, 4509, 4539, 4561, 4580, 4596.
  2. BUY RELIANCE SPOT AT 2285, STOP LOSS = 2272, TARGET = 2301, 2310, 2330, 2344, 2356, 2366.
  3. BUY SBIN SPOT AT 1878, STOP LOSS = 1869, TARGET = 1888, 1895, 1909, 1918, 1927, 1934.
  4. SELL EDUCOMP SPOT AT 2810, STOP LOSS = 2822, TARGET = 2796, 2787,2770, 2758,