keep an eye on tatasteel close below 575 - be ready to buy 560 puts can be a big jackpot

keep an eye on tatasteel close below 575 and remain below the next day will tgt 530-540 / 485-505 be ready to buy 560 puts can be a big jackpot stoploss closing above 575 cash level

RE-POST: Note - Alert :- reliance close below 930 & LT is weak below 1550

note / alert :- reliance close below 930 2 days bloodbath start
LT is weak below 1550 and trading below the lower trend line since 6-7 days
close below 1500 heading for 1420-1380 / 1325 / 1240-1250 sl 1580 closing

OM SHRI GANESHAYA NAMAH

STAR News exposes Speak Asia Online Fraud/Scam

Every one is now blaming Star News but its not fair. It is Social Responsibility of News Channels to bring truth in front of public and Star news has fulfilled its duty and now its upto you whether to believe or not.

NIFTY FUTURE - INTRADAY TRADING LEVEL - BUY / SELL :: 16th May 2011

Long Nifty Future above 5585 with stop loss 5550 for target 5615 / 5635 / 5665

Short Nifty Future below 5535 with stop loss 5570 for target 5495 / 5465 / 5440

Trade Only If The Level Crossover Above or Below With-In The First Hour of Trading Session

OM SHRI GANESHAYA NAMAH

UPDATE : NIFTY SPOT EOD CHART - FLAG PATTERN FORMATION ON CHART - BREAKOUT LEVELS - THE TREND IS BEARISH

NIFTY SPOT EOD CHART

THERE IS FLAG PATTERN FORMATION ON CHART
THE HEIGHT IS OF 162 POINTS

BREAKOUT LEVELS

ON DOWNSIDE 5480 - TGT 5330-5310
ON UPSIDE 5615 - TGT 5765-5785

NEED TO CLOSE BELOW OR ABOVE
AND SUSTAIN THE LEVEL NEXT DAY FOR CONFIRMATION

AS PER ASTRO ANY RISE ON MONDAY OR TUESDAY SHOULD BE USED FOR SELLING
ON WENESDAY & THURSDAY MARKET WILL REMAIN UNDER SELLING PRESSURE

AND ON FRIDAY WILL ATTRACT BIG SELL-OFF.

NOTE :- OUR VIEWS REMAIN THE SAME TILL NIFTY SPOT REMAINS BELOW 5570 ON CLOSING BASIS

THE TREND IS BEARISH AND WE KEEP OUR TGT 3 & 4 INTACT I.E. 5370 & 5245

ONLY ON CLOSE ABOVE 5570 TREND WILL BECOME BULLISH

AND FOR BOOSTING UP NIFTY SPOT NEED BREAK AND CLOSE ABOVE 5640

UPDATE : NIFTY SPOT WEEKLY CHART - 5210 LAMAX REKHA & LAST HOPE FOR NIFTY

NIFTY SPOT WEEKLY CHART

PREV WEEK FAILED TO CLOSE BELOW BUT THIS WEEK BROKEN TREND LINE -1 @ 5550

AND CLOSED BELOW THE SAME AS SHOWN IN CHART
NOW IF NEXT WEEK FAILS TO HOLD LEVEL 5570 THEN IT WILL BE CONFIRMATION

THAT IN COMMING WEEKS MARKET WILL TEST / TRY TO COME NEAR SUPPORT ZONE TREND LINE -2 @ 5210

BE CAUTIOUS

ONE CAN ACCUMULATE LONGS NEAR 5300 +/- LEVELS

WITH STOP LOSS 5210 ON WEEKLY CLOSING

WEEKLY TREND LINE - 2 @ 5210


LAMAX REKHA & LAST HOPE FOR NIFTY
IF CLOSE BELOW HISTORY WILL BE REPEAT


TWO WEEKLY CLOSE BELOW 5210
WILL TGT 1 - 4880 / 4760 & TGT 2 - 3400 / 3500
WITH SUPPORT IN BTW AROUND 4400-4500
STOPLOSS WILL UPDATE LATER

TODAY AGAIN NIFTY SPOT ATTEMP MADE TO CLOSE ABOVE 5570 FAILED

NOW ONCE 5580 GONE ON NIFTY FUT JUST SAY BYE BYE

NOW SHORT NIFTY FUT BELOW 5580 SL 5610 TGT 5550-5540 / 5520-5510 / 5485-5465

NOW SHORT NIFTY FUT BELOW 5580 SL 5610 TGT 5550-5540 / 5520-5510 / 5485-5465
PREV SHORT NIFTY FUT GIVEN AT 11:12 AM DID NOT BREAK 5550 AND REBOUNDED FROM 5551.50

INTRADAY SHORT NIFTY FUT BELOW 5550 - STOPLOSS 5580 - TGT 5520-5510 / 5485-5465