UPDATE - NEW ROAD MAP FOR COMMING DAYS : NIFTY SPOT EOD CHART - BUY TRIGGER ON FRIDAY ON CROSSOVER @ 5425 - FALLING WEDGE PATTERN : BULLISH REVERSAL - TARGET NIFTY SPOT BTW 5830-5860 : NEAR 23TH JUNE 2011 +/- 2 DAYS

NIFTY SPOT EOD CHART - DT 27/05/2011

BUY TRIGGER ON FRIDAY ON CROSSOVER @ 5425  AS POSTED ON THURSDAY I.E 26/05/2011
BUYING STOPLOSS 5310 ON CLOSING BASIS ON NIFTY SPOT FOR TGT 5530 / 5640 / 5750 / 5860
FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5425 ON MONDAY ALSO I.E 30/05/11
ELSE ONE NEED TO EXIT LONG AND RE-ENTER SHORT WITH STOPLOSS 5500 ON CLOSING BASIS ON NIFTY SPOT FOR TGT 5310 / 5245 / 5095 / 4985

FALLING WEDGE PATTERN - BULLISH REVERSAL - AS SHOWN IN CHART

FOR CONFIRMATION NEED TO CLOSE ABOVE 5460 ON NIFTY SPOT ON MONDAY I.E 30/05/2011

THE FALLING WEDGE PATTERN WILL TARGET NIFTY SPOT BTW 5830-5860 : NEAR 23TH JUNE 2011 +/- 2 DAYS BUT WILL FACE MINOR RESISTANCE IN BTW AT 55** & 56**

ONE MORE RISE OR SAY INCREASE IN PRICE ALONG WITH VOLUME WILL BE THE CONFIRMATION THAT BULLS HAVE TAKEN

OVER THE CONTROL AS PER SVP CHARTS - HOPE YOU REMB THE SAME "SVP"

HOPE ENJOYED THE GREAT JOURNEY OF NIFTY SPOT FROM 5800 TILL 5328 +++470 POINTS
AND THE EARILER MOVE'S AND THE JOURNEY IS JUST THE PAST & HISTORY ..

WE DO KEEP A TRACK

OM SHRI GANESHAYA NAMAH

UPDATE : INTRADAY NIFTY FUTURE 5425>>>>>5461 CMP 5458 HIT TGT-1 OF 5450 - BOOK FULL PROFIT OR HOLD FOR TGT 2 / 3

INTRADAY NIFTY FUTURE 5425>>>>>5461 CMP 5458 HIT TGT-1 OF 5450

BOOK FULL PROFIT OR HOLD FOR TGT 2 / 3 WITH STOPLOSS 5440 ON NIFTY SPOT

NOW ONCE SUSTAIN BELOW 5440 CAN EXIT LONG AND TAKE SHORT

FOR TGT 5420 / 5390 / 5365 - EXIT IF SUSTAIN ABOVE 5470 ON NIFTY SPOT

NIFTY FUTURE - INTRADAY TRADING LEVEL - BUY / SELL :: 27th May 2011

Long Nifty Future above 5425 with stop loss 5395 for target 5450 / 5475 / 5505

Short Nifty Future below 5365 with stop loss 5395 for target 5335 / 5310 / 5285

FOR SMS ALERTS - CALLS - UPDATES ON NIFTY - STOCKS - OPTIONS - FUTURES
ABNSTOCKS.IN - NEW SMS SERVER - EXCLUSIVE & INSTANT DELV - SEND SMS JOIN ABNSTKS TO 58247 - THOSE UNABLE TO JOIN BY SENDING SMS CAN JOIN THRU LINK http://www.ibibo.com/abnstks

OM SHRI GANESHAYA NAMAH

NIFTY JOURNEY FROM 5800 TILL 5328 - ALL SHORT ARE SQUARE-OFF - NOW WHAT NEXT ON NIFTY - TO GO LONG OR RE-ENTER SHORT'S - A SMALL ROAD MAP FOR COMMING DAYS - HOPE ALL ENJOYED THE FALL - STILL AS PER CHARTS NIFTY NOT LOOKING GOOD

as had to rush somewhere far off for some urgent legal doc / paper work need to be done.
so could send update during market hours

due to some error and mistake we took and calculated wroug sl @ 5380 as posted yesterday late night

But the positional stoploss level come @ 5425 on nifty spot on closing basis.

NOW AS THE MARKET CLOSED ABOVE 5380 BUT STILL THE LEVEL COMES AT 5245

NOW AS PER 5380 LEVEL ON SPOT ON CLOSING BASIS ALL SHORT HAVE BEEN SQUARE-OFF

HOPE ALL MUST HAVE BOOKED THE REMAINING 20%-30% OF  POSITIONAL SHORT POSITION IN NIFTY

WE HAVE A G8T JOURNEY FROM 5800 TILL 5328 :: HOPE ALL ENJOYED THE FALL

AND THE EARILER MOVE'S AND THE JOURNEY IS JUST THE PAST & HISTORY .. WE DO KEEP A TRACK

TODAY SESSION WAS HIGHLY VOLITAILE DUE TO EXPIRY - BIG SWING CAME IN MARKET ON BOTH SIDES AND AT THE END OF THE DAY GOOD GAME WAS PLAYED BY SMART MONEY WITH MAY 5400 CALL.

NOW WHAT NEXT ON NIFTY - TO GO LONG OR RE-ENTER SHORT'S - A SMALL ROAD MAP FOR COMMING DAYS

NOW 5425 ON NIFTY SPOT ON CLOSING BASIS ABOVE OR BELOW WILL ACT AS VERY IMP LEVEL

STILL AS PER CHARTS NIFTY NOT LOOKING GOOD

ANY SIGNLE DAY OF A BIG OR SMALL JUMP PEOPLE GET EXCITED AND JUMP INTO JOY AND START BUYING - SAYING AAJ YA KAL WHAT EVER MARKET KA BOTTOM LAG GAYA HAI & START BUYING AND THE VERY NEXT DAY END UP WITH SAD FACES AND ALL JOY AND EXCITEMENT GOES AWAY

WE ARE WATCHING AND SAME SINCE 5500-5600 ODDS LEVELS

" CONSIDERING THE RECMD MADE BY MANY MARKET ADVISOR CUM TA's "

BELOW ARE THE TWO SCENARIOS GIVEN 1) FOR SHORT AND 2) FOR LONG

1) NOW AS PER OUR READING ON CHARTS IF NIFTY SPOT FAILS TO CLOSE ABOVE 5425 TOMORROW I.E FRIDAY - ONE SHOULD RE-ENTER THE SHORT POSITION IN NIFTY WITH STOPLOSS @ 5460 ON CLOSING BASIS FOR TGT 5310 / 5245 / 5095 / 4985

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE BELOW 5425 ON MONDAY ALSO

BUT IF ON MONDAY NIFTY SPOT MANAGE TO CLOSE ABOVE 5425 THEN ONE NEED TO EXIT AND REVERSE FROM SHORT TO LONG POSITION AS PER THE LEVELS POSTED BELOW

2) NOW SUPPOSE IF NIFTY SPOT MANAGE TO GIVE CLOSING ABOVE 5425 TOMORROW I.E FRIDAY
THEN ONE SHOULD GO LONG ON NIFTY WITH STOPLOSS @ 5310 ON CLOsING BASIS
FOR TGT 5530 / 5640 / 5750 / 5860

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5425 ON MONDAY ALSO

BUT IF ON MONDAY NIFTY SPOT MANAGE TO CLOSE BELOW 5425 THEN ONE NEED TO EXIT
AND REVERSE FROM LONG TO SHORT POSITION AS PER THE LEVELS POSTED ABOVE

MORE UPDATES ALONG WITH DAILY AND WEEKLY CHARTS WILL BE POSTING THIS COMMING WEEKEND

OM SHRI GANESHAYA NAMAH

UPDATE : INTRADAY NIFTY FUT LONG ABOVE 5370 - REVISE SL - FRESH SHORT LEVELS

INTRADAY LONG NIFTY FUT ABOVE 5370 AND DOUBLE THE QTY ABOVE 5395 NOW TRADING @ 5405 - REVISE THE SL TO 5390 AND HOLD FOR TGT'S 5420 / 5445 / 5475

NOW IF BREAK 5370 ON NIFTY FUTURE GO SHORT BELOW 5370 AND DOUBLE THE QTY BELOW 5335 KEEP SL @ 5395 FOR TGT 5310 / 5285 / 5260

NIFTY FUTURE - INTRADAY TRADING LEVEL - BUY / SELL :: 26th May 2011

Long Nifty Future above 5370 double the qty above 5395 with sl 5335 for target 5420 / 5445 / 5475
Exit if break 5395 and does not sustain above the same

Short Nifty Future below 5335 double the qty below 5310 with stop loss 5370 for target 5285 / 5260 / 5230
Exit if break 5310 and does not sustain below the same

FOR SMS ALERTS - CALLS - UPDATES ON NIFTY - STOCKS - OPTIONS - FUTURES
ABNSTOCKS.IN - NEW SMS SERVER - EXCLUSIVE & INSTANT DELV - SEND SMS JOIN ABNSTKS TO 58247 - THOSE UNABLE TO JOIN BY SENDING SMS CAN JOIN THRU LINK http://www.ibibo.com/abnstks

OM SHRI GANESHAYA NAMAH

UPDATE : NIFTY SPOT EOD CHART - NIFTY SPOT 5800>>>5330 ++ 470 ++ POINTS- HIT TGT 1/2/3 AND TGT4 - 5245 PENDING - STOPLOSS REVISED @ 5380 CLOSING BASIS ON NIFTY SPOT - FLAG PATTERN BREAKDOWN HIT THE TARGET

NIFTY SPOT EOD CHART DT. 25 MAY 2011

NIFTY SPOT 5800>>>>>>5330 ++++ 470 ++++ POINTS

HOPE YOU ALL ENJOYING THE FALL AND DID NOT MISSED THE TRAIN

HIT TGT 1 - 5560 / HIT TGT 2 - 5480 / HIT TGT 3 - 5370 AND NOW TGT 4 - 5245 PENDING

FLAG PATTERN FORMATION BREAKDOWN BELOW 5480 WHERE THE HEIGHT WAS OF 160 POINTS  AND TGT BTW 5310-5330

TODAY I.E TUESDAY NIFTY SPOT MADE LOW OF 5328.70 TGT HIT ENJOY

POSITIONAL SHORT TAKEN @ 5800 AND DOUBLE BELOW 5680
LAST WE BOOKED 50% OF SHORT @ TGT 2 - 5480 AND BELOW

YESTERDAY + DAY BEFORE YESTERDAY WE BOOKED MORE 20% - 30% OF REMAINING SHORTS POSITION @ TGT-3 I.E 5370
NOW FOR REMAINING 20%-30% OF SHORT STOPLOSS REVISED TO 5380 FROM 5460 ON CLOSING BASIS ON NIFTY SPOT

AND BOOK REMAINING 20%-30% @ TGT 4 - 5245 AND BELOW

ENJOY THE GREAT FALL - MORE UPDATE WILL BE POSTING UNDER WEEKLY UPDATE SHORTLY

INTRADAY GO SHORT ON BANKNIFTY FUT BELOW 10350 SL DAY HIGH 10425 TGT 10260 / 10210 / 10160

NIFTY FUTURE - INTRADAY TRADING LEVEL - BUY / SELL :: 25th May 2011

Long Nifty Future above 5420 with stop loss 5390 for target 5445 / 5470 / 5500
Short Nifty Future below 5360 with stop loss 5395 for target 5335 / 5305 / 5280

FOR SMS ALERTS - CALLS - UPDATES ON NIFTY - STOCKS - OPTIONS - FUTURES
ABNSTOCKS.IN - NEW SMS SERVER - EXCLUSIVE & INSTANT DELV - SEND SMS JOIN ABNSTKS TO 58247

THOSE UNABLE TO JOIN BY SENDING SMS CAN JOIN THRU LINK http://www.ibibo.com/abnstks

IF WISH TO CARRY INTRADAY SHORT TAKEN BELOW 5380 - CAN HEDGE IT WITH NIFTY MAY 2011 5400 CALL CMP 24 - FOR POSITIONAL SHORT STOPLOSS @ 5460 CLOSING BASIS NIFTY SPOT