Nifty outlook for 1st March

Today was a very volatile day. Hope nobody was caught on the wrong foot. The EOD chart of Nifty seems to be showing a diamond pattern. 5280 is the level to watch on the lower side. 5500 seems to be the resistance as of now above which we can see 5650.

Nifty update 25 feb

A very volatile month with wild moves in nifty. Today Nifty fell more than expected. There was a gap down in nifty with huge vols. This is not very good for market. The next 2 trading days should be avoided as Rail budget and Union Budget. Nifty is also near Trendline supports. All bounces will be a fresh short as of now.

Bank Nifty real Wealth Builder

Bank nifty need to be watched as per attached chart . Trade this possitively .


Regards
NIFTY TRENDS TEAM

outlook Feb 18

Nifty as expected facing resistance around 5550. Above that 5620-50. As expiry is next week expect a decrease in volatility. OI in 5600 CE is high. Expect a range bounce or even a slight dip before the upmove continues.

outlook for 17th feb

Nifty facing resistance around 5515 levels. Above that expect it to go to 5550.

STOCK PICK

Hexaware short around 108.8 with SL of 109 with tgt of 104.

outlook for 15th Feb

Nifty has moved up smarhttp://www.blogger.com/img/blank.giftly from friday. Bank nifty has given a 10 percent upmove. Today Index was in a narrow range. It is facing resistance around 5515-5520 levels above which we will see more upmove. Keep a trailing stop loss if you are long

McLeod Russel


This is a weekly chart of McLeod Russel. We have seen a good consolidation in a triangle. A breakout will give a target of 234 and then 265 levels on upside. The breakout will also be a breakout of RSI from triangle. A strict stop loss of around 200 can be maintained.

Nifty 14th Fb

Nifty gave a good recovery on friday. The volumes also were good during the upmove. The levels to watch is 5370-80 and then 5450. There are many resistances after 5450 levels. The oscillators are in oversold regions. This might be a short term pullback. Watch for any weakness. As of now, exit on rallies on the upside.

Nifty update 11 Feb

Nifty is trying to hold on to the supports mentioned earlier. Now we may see Nifty volatility coming down and markets may try to move up a little. Risk traders can write 5100 PE for expiry. Some stocks which look good are Essar Oil, Cairn India.

Feb 9th

People living on hope that Nifty will take one support or the other. But there is relentless selling pressure. Stop losses also get hit in volatile markets. Nifty broke some important supports. All rises should be an opportunity to exit.

One good investment pick is Financial Technologies.


This is the weekly chart where we can see a falling wedge pattern. Good volumes also being observed in last two and a half weeks. Is it accumulation?
Target on upside is around 850-900.

Updates for Feb 8th

Nifty today broke some crucial supports. We will have to watch tomorrow the movement. On the downside 5250 to 5150 is the support. There is relentless selling and all levels are being sliced through. Wait for some stability to enter any fresh positions in Nifty.


TITAN IND

This is the daily chart of Titan. It fell today with good volumes and closing below good supports. Short trade posible in it keeping 3300 as SL for a 100-150 rs downside. As market is too volatile, SL is a must.

nifty update

Hi,
Nifty as we have got used to it this year was volatile. It is holding on the the cluster region. So our weekly outlook remains the same.


SBI is a buy above 1730 for a Rs 100 upside.(spot levels)

Outlook for the week Feb 6

Nifty in daily chart is at crucial support regions. The region of 5350 if broken can take us down to 5200 levels. The oscillators like RSI and stochastics are in oversold regions. We might expect a slight pullback but this should be used as exits. As of now 5600 is still the resistance area.

The weekly chart shows Nifty in a downward channel but at crucial supports. If this region is broken decisively then we are headed for 5150-5200 levels.

Nifty 22 Feb

This is hourly nifty chart. Nifty fell down today which was not expected. But it has not gone down below 5400. Now we see a falling wedge. Only on break of 5460 will we see an upside to 5530 or else we are headed down further.