Opening Bell for 13/02/2013

Good Morning !! As per yesterday's opening bell, NIFTY closed above 5920 which is an indication of certain pull back. Today, for bull to stay afloat, NIFTY needs to scale higher levels of 5940/5975 (spot). 5910 may act as support.

On the other hand, breaking of 5910 and staying below that level may invite more fall to 5880/5865 level.

Wish you happy trading !!

Opening Bell for 1/1/2013

Good Morning !!! NIFTY may open positive to gap-up following positive global cues. Staying above 5930 will open chance for new high above 5970 and closing above 5930 may be treated as breakout from present range bound movement.

Buy NIFTY above 5935 SL 5910 Target 5970/5990/6020/6040

One may treat 5 min closing price for trading.

NP-SAR for 1/1/2013: 5892

Wish you happy trading and profitable year ahead. 

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 !!

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 !!

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 !!

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 !!

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 !!

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