Happy New Year

Lets make a Wish to make this 

WORLD A BETTER & SAFER PLACE!!!

Opening Bell for 31/12/12

Good Morning !!! Nifty may open flat to negative. We should be watchful in opening hour. One may short NIFTY if hourly closing is below 5890 with SL at 5910 for target of 5870/5850

Hourly closing above 5930 may invite fresh long which may target 5950/5970.

NP-SAR for 31/12/12:  5885

Wish you happy trading !!

NIFTY Weekly Wrap: 28-December-2012

Are we getting closer to reversal?

On 13th December 2012, we hinted about reversal. NIFTY made a high of 5965 on December 11, 2012; after that it never touched that level. We also observed that consolidation in NIFTY between 5830-5950. Now it is time to answer whether we are getting closer to reversal or NIFTY is going to make another high.

1. If we observe the daily candlestick pattern two things comes into picture:-

a) DARK CLOUD COVER (a bearish reversal signal.In an uptrend a long white candlestick is followed by a black candlestick that opens above the prior white candlestick's high. It then closes well into the white

candlestick's real body) between 26th and 27th December candles AND

b) HARAMI (a two candlestick pattern in which a small real body holds within the prior session's unusually large real body. The HARAMI implies the immediately preceding trend is concluded and that the bulls and bears are now in a state of truce. The color of the second real body can be white or black. Most often the second real body is the opposite color of the first real body) between 27th and 28th December candles.

2. A consolidation pattern is either followed by preceding trend or reversal of trends take place after consolidation. We get to know about the trends to be followed by appearance of triangles and flags. A closer look at daily pattern gives hints of bearish flag (marked by red lines)

3. Now the study of indicators; Closing price of 5th December 2012 and 26th December 2012 are more or less same. But 26th December RSI is lesser than that of 5th December, this is definitely negative sign until RSI closes higher than that of 26th December's.

Previous week we observed, "here may be some ST corrections in NIFTY which should be used for sell with 5930 as closing SL" and "sell the rise should be the strategy for trading in NIFTY". For trading we must follow developing ST situation also for more profitable trades".

NIFTY made high of 5930.80 but did not close above that level, one should stay short on positional basis.

Stay connected for levels and more.

Wish you happy trading !!

Nifty Open Interest Guide (Jan Series)

This Nifty Open Interest Analysis is based on the addition in the last 5 days, which was approximately 1.48 Crore within a total OI of 1.65 Crore. The Average price for the same in Spot Comes to 5880 and in January Future is 5943.

So we can safely stay long above 5880 Spot (5943 Futures) and short below it.

Analysis of NIFTY: 26-December-2012

Today NIFTY set the tone for expiry. It opened positive and with time it moved higher to trade over all important psychological level of 5900.

During this correction NIFTY did not close below 5800 which is a very positive sign itself; and today's movement may prove decisive in favour of bulls if it trades over 5930. Bears will gain some ground only below 5870. So, tomorrow every dip is good buying opportunity. Volatility is expected due to expiry of current series but it seems NIFTY may expire at higher level if 5870 is held.

Wish you happy trading !!

Opening Bell for 24/12/2012

Good Morning !! NIFTY may open flat to negative. Staying below 5840, NIFTY may move further down to 5820/5805/5790; on the other hand staying above 5870, NIFTY may move further up to 5885/5905.

NP-SAR for 24/12/12: 5880

Stay short and sell the rise as NP-SAR is short.

Sell NIFTY below 5840 SL 5860 target 5820/5805/5790.

Buy NIFTY above 5870 SL 5850 target 5885/5905

Aggressive traders may sell NIFTY on the rise around 5880 (NP-SAR) with 5905 SL closing basis.

Please visit our NIFTY Pulse page on FB for today's stock call.

Wish you happy trading !!

Analysis of NIFTY : 24th-December-2012

Our Opening Bell plays out perfectly as NIFTY resisted at 5870 and came-down. Tomorrow is holiday and NIFTY moved within very short range of 26.5 points. Today's movement left some clue for future movements.

a. Nifty closed below 5 DEMA for second consecutive day - giving bearish indication.

b. Short T/F corrected itself from oversold territory without much movement in price - indicating further downfall.

c. Stochastic and MACD are falling - a bearish indication.

Considering these simple facts it can be concluded that today's price movement was to give space to bears for further fall. Those are short according to NP-SAR should stay short. Sell the rise should be the strategy as of now.

Wish you happy trading !!

 

Opening Bell for 24/12/2012

Good Morning !! NIFTY may open positive to gap-up. Immediate resistance placed at 5870/5890. Sell on rise should be the best strategy as of now. NP-SAR is good enough resistance for the day. Although one may think of quick long trade with small SL.

NP-SAR for today is: 5894

Wish you happy trading !!

NIFTY Weekly Wrap: 21-December-2012

Before analyzing of NIFTY for coming week, let us assimilate what we said earlier;
In our previous weekly wrap we observed, "As of now, buy the dips and sell the rise should be strategy for trade in NIFTY until it gives clear breakout in either side. Please keep watching this space for trading levels in Opening Bell."
In our yesterday's EOD post we said "Selling pressure may be seen tomorrow also"; and in our Opening Bell we observed, "There is bearish flag in 30 min chart. So, short will be the safe strategy for the day".

In this week NIFTY has given both-side opportunity to trade according to NP-SAR and today's sell-off was highest in the week.

Now, what should we expect from next week?

Last week we observed developing Negative Divergence and there is more chance of fall in coming week also with some pause.

Gravestone Doji is formed in weekly candle which indicates dominance of seller at higher level.

NIFTY closed just at the red line, there may be some possibilities to bounce from there. So, there may be some ST corrections in NIFTY which should be used for sell with 5930 as closing SL. As per current Option OI situation lower level is capped at 5800 although it may change with time.

Bottomline: Next week, sell the rise should be the strategy for trading in NIFTY. For trading we must follow developing ST situation also for more profitable trades.

We discuss developing EOD trades and Intra-day trades in our EOD posts and Opening Bell.

Keep in touch.

Wish you happy trading !!

Opening Bell for 21/12/2012

Good Morning !! NIFTY may open negative to gap-down. Selling pressure may remain for the day. There is bearish flag in 30 min chart. So, short will be the safe strategy for the day.

NP-SAR for 21/12/2012: 5900 

Stay remain short once NP-SAR triggers with 5925 as SL. But OI suggests there is decent support near 5800. Be cautious at lower level. 

Short NIFTY below 5900 SL 5925 target 5880/5860/5840

Wish you happy trading !!

Analysis of NIFTY: 20-December-2012

In our Opening Bell we observed, "5910 on the lower side becomes important support level for NIFTY. Breaching that level we may see some fall upto 5870/5845". Today NIFTY made low of 5981.

This view is still valid. Although above 5920 NIFTY may give quick 20 points on upper side. Selling pressure may be seen tomorrow also.

Grossly NIFTY is range bound and it looks tough to break the range of 5830-5960 in near term.

Wish you happy trading !!

Opening Bell for 20/12/12

Good Morning !! Due to some unavoidable condition we could not update our EOD post. Inconvenience caused to our readers are deeply regretted.

Yesterday, as per our EOD analysis of 18/12/12, NIFTY consolidated between 5910-5930.
5939 was nearly 82% retracement of the fall from 5965 to 5823.

Today NIFTY may open flat to negative. 5910 on the lower side becomes important support level for NIFTY. Breaching that level we may see some fall upto 5870/5845.

On the other hand, breaching of 5940 is important for bulls to stay in the game.

Sell NIFTY below 5910 SL 5940 target 5870/5845 

Keep eye on NP-SAR. NIFTY may take support around NP-SAR.

NP-SAR for 20/12/12 : 5888

Wish you happy trading !!

Opening Bell for 19/12/12

Good Morning !! NIFTY may open positive to gap-up. Trading above 5930, we may see 5970-5980. yesterday , NP-SAR triggered long. So, 50 points guaranteed.

Buy NIFTY around 5890-5910 SL 5865 ( better 15 min closing) target 5930/5950/5970 and above

Sell NIFTY below 5870 SL 5895 (better 15 min closing) target 5850/5830/5805 and below  

NP-SAR for 19/12/12 : 5877

Wish you happy trading !!!

Analysis of NIFTY : 18-December-2012

Today NIFTY moved exactly as per our yesterday's EOD Analysis. We said, "watch out that level (5875-5880) too where SHORT may be initiated with small SL" and NIFTY made low of 5823 from 5882.

In yesterday's chart, bullish possibilities were discussed and NIFTY moved up from support area of 5830 (marked by thick green line in yesterday's chart) to 5905; as we said "Above 5865 NIFTY may target 5878/5886/5905".

So, will the upmove to continue?

Let's find out...

With corrective downmove from 5961 to 5823 RSI created more space to move up and so is Stochastic. Volume was better and broken out of downward slopping line. So, positive move may be seen in NIFTY.

Tomorrow NIFTY may open positive but 5930 level becomes important zone where we may see some consolidation or correction. Surpassing 5930 may invite DECENT UPMOVE.

Wish you happy trading !!!

Analysis of NIFTY: 17-December-2012

In Daily chart, NIFTY ended with perfect Doji, most expected pattern before all important RBI policy. Let us catch the policy with chart.

In daily chart NIFTY closed below 5EMA, MACD has given selling cross (not shown). But a closer look at the 30 min chart says that NIFTY may move up. So, what should be the strategy?

CCI of 5 min and 30 min is negative and below 100 and expected to be move up along with RSI. Today's down move could not breach support level. So, a upmove may be pending.

Above 5865 NIFTY may target 5878/5886/5905.
Above 5905 NIFTY another round of up-move may unfold targeting higher levels 5935/5970.

But is that all? We think NO.

Daily TF is not strong enough to support huge upmove until closes above 5930. And NP-SAR of tomorrow is 5876. So, watch out that level (5875-5880) too where SHORT may be initiated with small SL with developing trade setup.

Wish you happy trading !!

Opening Bell for 17/12/12

Good Morning !!

NIFTY may open flat to negative. Sustaining below 5850, selling pressure may continue in NIFTY. 5830/5810 are the levels to watch. 

On the other hand, sustaining above 5890 NIFTY may move for higher targets of 5910/5930.

Try to buy at supports and sell at resistance if condition favors, otherwise stay with position. That would be best risk-reward trade.

NP-SAR for the day is 5880

Wish you happy trading !!

NIFTY Weekly Wrap: 14-December-2012

Last week in our Weekly Wrap we mentioned only downside levels and NIFTY nearly did our third level of 5830. 

This week NIFTY traded in narrow range of 126 points and closed with 28 points loss. Closing above 5 WEMA favors bull although weekly closing was lower than opening. It could not break the channel resistance and support line (please refer to chart). One noticeable thing is developing negative divergence in RSI. Next week closing may confirm the pattern.

In daily chart, NIFTY closes just below 5 DEMA and MACD has given Sell cross. But price should confirm all the observations.

As of now, buy the dips and sell the rise should be strategy for trade in NIFTY until it gives clear breakout in either side.

Please keep watching this space for trading levels in Opening Bell.

Wish you happy trading !!

Opening Bell for 14/12/12

Good Morning !! NIFTY may open flat to positive. Today, important level is 5870. Staying below that level weakness will stay and staying above that level NIFTY may gain some strength to become range-bound between 5870-5930.

Those are short in NIFTY may trail their SL to 5870. Fresh trade should be initiated depending upon stated market condition.

NP-SAR OF 14/12/12 : 5887

Wish you happy trading !!

Analysis of NIFTY: 13-December-2012

NIFTY moved as per our EOD Analysis and Opening bell; on 11/12/12 our observation was " NIFTY was trading below today's NP-SAR although it was above developing SAR and it closed above tomorrow's level of NP-SAR. This is an early indication of developing weakness in NIFTY."

Now what next? Let's try to find out...

NIFTY is trading well below NP-SAR and 5 EMA. It is seen that triggering of NP-SAR gives atleast 50 points most of the time and we got 50 points today itself. Now, we may hold our short for immediate target of 5830/5805/5790.

But is that all? I think no. If we look at NIFTY chart carefully, rounding top is developing which is a pretty good reversal sign. A close below purple line will be triggering of immediate reversal. Although it is too early to say that reversal is on way but, we may consider it a possibility; ofcourse developing price pattern will confirm our possibility. The best thing that we can do trail our SL according to NP-SAR.

MacD is about to give Sell Cross and Stochastic is hinting towards downward movement. RSI is coming down from OB zone.

We should stay short and keep booking profit at regular interval and keep our levels ready.

Wish you happy trading !!

Opening Bell for 13/12/12

Good Morning !!! Nifty will open positive.  Above 5930, it may make new high. Those are short add more position around 5910 with SL of 5930. Fresh short is also suggested at that level. Go long only above 5930 With SL of 5905.

Target on the upper side is 5950/5970/6010

Target on the lower side is 5870/5850/5830

NP-SAR for 13/12/12: 5895

Wish you happy trading !!

Analysis of NIFTY: 12-December-2012

Today NIFTY did exactly as per our opening bell. The index opened positive and resisted just below golden ratio of yesterday's fall at 5927. It signifies today's movement was corrective to the yesterday's fall of 100 points. So, logically we may see some selling pressure in NIFTY. Now, how much it may correct?

As discussed in yesterday's EOD analysis below 5870, NIFTY may correct upto 5830 and staying below that level 5805, 5780 are the levels to watch.

We may think of up-move only above 5930.

Wish you happy trading !!

Opening Bell for 12/12/2012

Good Morning !! Nifty may open positive to gap-up. Although higher T/F are bullish, lower T/F has shown some weakness. 5930 is the level to watch out. Above that level we may expect some upmove, sustaining below that level downmove may resume. Trade with proper SL, we may get both side trading opportunity.

Today's NP-SAR of NIFTY: 5895

Wish you happy trading. 

Analysis of NIFTY:11-December-2012

As per yesterday's EOD analysis, NIFTY opened strong only to be sold off at high. We cautioned our readers about profit booking at higher level. In the last hour NIFTY recovered well from lower level. So, is today's fall early indication of a larger correction?
Let's find out the answer...

Today during the fall, NIFTY was trading below today's NP-SAR although it was above developing SAR and it closed above tomorrow's level of NP-SAR. This is an early indication of developing weakness in NIFTY.

Presence of negative divergence is not supporting new high in NIFTY as of now and after fall of nearly 100 points lower T/F indicators are not oversold.

All these indicate sell on rise. If we go as per fibo level of today's fall, around 5930 would be good level to short again with small SL. OI suggests that 5800 is good enough support in NIFTY. So, 5830/5810 should be profit booking zone.

On the other hand above 5930, NIFTY may move for new high.

Day closing below 5830 may be considered weak. Also, 5830 is the lecel where red line exists.

Wish you happy trading !!

Opening Bell for 11/12/12

Good Morning !! NIFTY may open positive to gap-up. Sustaining above 5930 NIFTY may target 5950/5980/6020 levels. Profit booking is expected at higher levels. As per option table, 6000 level is decent  resistance. So, selling at high for intraday may give some decent profit although technically NIFTY is not weak.

Buy NIFTY above 5930 SL 5905 target 5950/5980/6020

Sell around 6020-6040  SL 6050 target 6000/5980/5950

NP-SAR of 11/12/12 : 5891

Wish you happy trading !!

Analysis of NIFTY: 10-December-2012

Today Nifty traded within narrow range of 32 points, but has left enough clue about tomorrow's move.

The 30 min chart clearly shows NIFTY closed above all major EMA's at 5908. RSI is oversold and is prepared to move up. CCI is also ready for the up-move. So, the possibility is there, that NIFTY may move up tomorrow.

On the upper side 5930/5950/5980/6040 are the levels to watch out.

Daily indicators are over bought along with weekly indicators. So, it is advisable to stay cautious at higher level.

Buy the dips should be strategy for trading right now until any clear reversal sign is visible.

Today our free call on Federal Bank did exceedingly well. You are requested to visit Nifty Pulse Page for free calls and updates during market hours.

Wish you happy trading !!

Performance of free call:10/12/12

Our free call posted at NIFTY Pulse Page hits All targets. we are trailing SL for higher targets...

Buy FEDERALBNK above 484 (spot) SL 479.50 target 488/491/495

Opening bell for 10/12/12

Good Morning !!! Today NIFTY may open flat to positive.  5930-5950 s\is resistance zone for NIFTY. Above that level NIFTY may move upto 5980/6040/6070. On the other hand, sustaining below 5890, NIFTY may target 5870/5850/5830/5810.

Closing below 5870 should be considered weak. 

NP-SAR of 10/12/12 : 5866

Please visit NIFTY Pulse Page in Facebook for daily free calls.

Wish you happy trading !!

NIFTY weekly wrap: 07-December-2012

Previous week, our observation was, "Buy the dip and book profit at high should be the strategy for the week. Do not short until chart shows clear reversal sign. Important levels at higher side are 5910/5930/5950/5980/6045/6080/6145"

Nifty exactly resisted at 3rd level of 5950 on Friday before showing some profit booking.

Now, important question, is the sell-off at last hour on Friday early indication of reversal?

It is too early to say "Yes". There is no reversal sign in weekly chart of NIFTY, although in Daily chart bearish candle formed after "Dragonfly Doji".

In the chart above, it is clearly seen that Nifty tested the red line support area but could not break the line. Only closing and sustenance below the red line (5810) can be considered as reversal from the current upmove.

We also observed  "This up-move is going to stay for few weeks more although at higher level it may show some weakness"; and we are still with this view. Intraday corrections are inevitable which can be used to buy until NIFTY closes below NP-SAR.

Important levels on downside are 5900/5870/5830/5810/5780.

Please visit this space for near perfect trade setup for the day and Nifty Pulse Page for free calls. 

Wish you happy trading !!!

Opening Bell for 07/12/12

Good Morning !!! Today, NIFTY may open flat to negative. Above 5945, it may move-up to 5980/6040 whereas below 5910, it may move-down to 5870/5850.

Closing around 5910 in first 30 min may develop negative divergence in 30 min chart.

Buy NIFTY above 5945 SL 5920 target 5980/6000/6020

Sell NIFTY below 5910 SL 5935 Target 5870/5850/5830

NP-SAR for the day is 5866

Please visit NIFTY Pulse Page in Facebook for daily free calls

Wish you happy trading !!

Analysis of NIFTY: 6-December-2012

Today, our NP-SAR was 5841. We suggested our readers to partbook NIFTY around 5920-30. So, we got that level to exit. NIFTY corrected to 5838 which was close to NP-SAR and re-buying level of NIFTY.

During strong trending move corrections should be taken as re-entry level and entry point should be NP-SAR +/-5 points with 20 points SL. It is tested that during trending move NIFTY always correct to NP-SAR level which can be treated as re-entry level. If 20 points SL hit, it should be a reversal signal.

Now coming to NIFTY. Today NIFTY formed long legged DOJI. It touched the red line (as discussed yesterday) but could not sustain below it.  On daily chart, NIFTY is reaching over bought zone. Stochastic is flat at higher level. No signal from MACD yet. So, NIFTY may remain in over bought zone for sometime more; yet we should remain cautious at higher level. But we suggest to stay long with part book at regular interval and re-entry at NP-SAR level.

Trading above 5945 will give further oxygen to NIFTY for further upmove to 5980(blue line)/6040. On the other hand, trading below 5910 may invite larger correction.

Free call performance: Today free call of IRB was given. It hits target 1 and almost achieved target 2.

Free calls are provided at NIFTY Pulse Page of Face book.

Wish you happy trading !!!

Opening Bell for 6/12/12

Good Morning !!! NIFTY may open positive today. As we said in our EOD analysis clearing of yesterday's high in first hour should be taken as breakout for new highs of 5960/5980/6040. Otherwise we may see lower levels in NIFTY.

Fresh long positions are suggested to take only above 5920 (hourly closing basis) with SL of 5890.

Fresh short positions are suggested to take only below 5870 (hourly closing basis) with SL of 5900.

NIFTY will be weak below 5850.

NP-SAR for today is 5841

Please visit NIFTY PULSE Page in Facebook for free stock calls.

Wish you happy trading !!!

Analysis of NIFTY : 05-December-2012

Today NIFTY opened positive above previous high of 5899 remained volatile throughout the day and closed just above 5900. There are certain observations which could lead us NIFTY's future course of journey.

1. 5911 is 76.40 retracement of the move from 6338 to 4531. Nifty failed to cross the level closing basis; although 5918 was today's high.
2. From the chart, it is understandable that NIFTY is trading above the upper channel boundary (red), It is positive sign for NIFTY.
3. For the past four days NIFTY moved in tight range making higher high-higher low formation.

It is highly possible that NIFTY may breakout in either side tomorrow.

A positive hourly close above today's high would take NIFTY towards 5960/5980 level and 6040 (blue channel resistance) subsequently. 

On the other hand failing to clear today's high in first hour may result in lower levels of 5870/5830/5780. Day closing below 5830 may invite fresh selling in NIFTY in coming days.

Positional traders are suggested to trade as per NP-SAR level which is posted daily during opening bell.

To have a peek at what our subscriber got as part of our new positional call series, just have a look at Subscriber Section and the password for the same is "pulse" :)

Wish you happy trading !!

Opening Bell for 5/12/12

Good Morning !!! Today NIFTY may open flat to negative but positive bias should remain for the day. 5870-5940 should be the range of nifty for the day. A decisive break below 5870 may invite fresh selling where as a decisive break above 5940 may invite fresh buying in NIFTY.

Buy NIFTY around 5890, buy more around 5870 SL 5860 (hourly closing basis) target 5910/5925/5940

Sell NIFTY blow 5860 with SL of 5880 (hourly closing basis)  target 5840/5825/5805

Positional players should book part profit around 5910-5930 keep SL of remaining position at 5800 ( daily closing basis).

We are requesting our reader to keep track of NIFTY Pulse page in Facebook for free calls.

Wish you happy trading !!

NP-SAR of NIFTY : 5801

Analysis of NIFTY: 04-December-2012

We saw another day of consolidation in NIFTY, which gave decent trading opportunity on both side as per our specified trading range. 

Today's closing of 5889 is well above support line (marked by green line) and above all important EMAs in 30 min chart. It suggest NIFTY may breakout in upper side from current trading range.

We suggest traders to stay long with proper SL.

Wish you happy trading !!!

Opening Bell for 4/12/12

Good Morning !!!

Today NIFTY may open flat to negative. A decisive break below 5850 (SPOT) may invite fresh sell in NIFTY; on the other hand staying above 5850 (SPOT), NIFTY may target 5910/5930 and above.

Those are long in NIFTY as per our suggestion (posted on Opening Bell of 03/12/12) may stay long with SL of 5850 (hourly closing).

Short NIFTY below 5850 (hourly closing) SL 5870 target 5830/5810/5785

Positional traders may buy dips till 5780 taken out closing basis.

From today onwards, we'll provide NIFTY PULSE SAR Level (NPSAR) for positional trading guide.

Analysis of NIFTY: 03-December-2012

In our opening bell we suggested to sell NIFTY near 5910 and buy near 5850. 

Nifty exactly moved as per our opening bell, sold out at 5900 made low at 5854 to close at 5781 which is above 5 EMA in 30 minute chart.

If we look at the chart, it is easily understandable that today, a pause day, NIFTY  corrected itself from overbought condition to give space for further upmove. So, we may expect a decent upmove tomorrow if 5850 holds 30 minute closing basis.

In our NIFTY Pulse page we gave intraday buy call in SBI which hits all target. Stay connected for more.

Wish you happy trading !!!

Opening Bell for 03/12/12

Good Morning !!! Nifty may open flat to positive. Positive bias may remain for the day although some profit booking is expected at higher level. 5910 and 5850 are two important levels for the day.

SELLING should be executed near 5910 with 5940 SL for target of 5880/5850/5820

BUYING should be executed near 5850 with 5820 SL for target of 5880/5910/5930

Nifty Weekly Wrap 30-11-2012

This week NIFTY saw breakout in price supported by huge volume. Those who follow our NiftyPulse Page and Marketpulse S&P Group in Facebook are well prepared for this decent up-move not only in NIFTY but also in stocks like LT, SBIN, IDFC, IDBI, RELINFRA and many more.

Now the important question that comes in our mind, is the euphoric up-move in NIFTY strong enough to last long?

If yes, then what should be the target for the up-move?

After 7 weeks of consolidation, NIFTY broken out of channel. This up-move is going to stay for few weeks more although at higher level it may show some weakness.

The major resistance levels are highlighted with thin red lines (see candle stick chart). Nifty will correct in short T/F and those levels should be used to Buy. We suggest to book part profit at regular interval.

Buy the dip and book profit at high should be the strategy for the week. Do not short until chart shows clear reversal sign.

Important levels at higher side are 5910/5930/5950/5980/6045/6080/6145

Stay connected for profitable trade set-up.

Wish you happy trading!!!

Nifty Open Interest Guide

This Nifty Open Interest Analysis is based on the addition in the last 5 days, which was approximately 1.57 Crore within a total OI of 1.79 Crore. The Average price for the same in Spot Comes to 5724 and in December Future is 5757.

Expiry Special NIFTY Analysis

After 35 days of consolidation NIFTY finally broken out with decent volume. So, technically this bullishness may remain for some time now. But tomorrow is expiry day for current series...let’s have a look how NIFTY is positioned itself for tomorrow.

If we look at the chart, it is clearly visible that 5760-5780 is a zone of resistance and NIFTY may likely to get resisted there. A positive opening tomorrow may trigger nifty to higher level after consolidation in opening hour. But negative divergence may appear at higher level in short time frame chart which could be used to sell on intra-day basis as nifty is overbought in shorter timer frame.

So, tomorrow NIFTY will remain volatile and give two way trading opportunity. For expiry special NIFTY Call during market hours keep eyes on NIFTY PULSE page in Facebook.

Wish you happy trading.

For those who are apprehensive of our service, 
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2. Register with us by paying just 495/- (Rs. Four hundred ninety five only)
3. Earn a minimum of 4000/-
4. And pay us the remaining subscription amount of 3500/- (Rs. Three thousand five hundred only) and continue with us for the full month.

For more details do send us a mail at niftypulse_famous4@yahoo.com

Nifty Weekly Wrap : 23-11-12

This week NIFTY traded within narrow range between 5548 - 5643 before closing at 5626. There are some important observation which may drive us to fix our trading strategy next week are given below

NIFTY has taken support at lower boundary of trading channel (marked by blue line)

• Volume is slightly improved than previous week although trading range was narrower.
• Sell Cross is visible in MACD.
• RSI is turning up while Stochastic has cooled off a bit although trading in overbought territory.

Based on the observation stated above, it can be concluded that NIFTY may remain positive in coming week and it should be bought with tight SL. 5710-5730 will be the zone of tussle between bulls and bears.

For those who are apprehensive of our service, 
a value offer you cannot ignore...

1. Monthly subscription charges 3995/-
2. Register with us by paying just 495/- (Rs. Four hundred ninety five only)
3. Earn a minimum of 4000/-
4. And pay us the remaining subscription amount of 3500/- (Rs. Three thousand five hundred only) and continue with us for the full month.

For more details do send us a mail at niftypulse_famous4@yahoo.com