Nifty 12 Feb 2008

WE were bullish from some time now and we now entered good resistance area .Charts shows cci hooking so would suggest to hold longs with tight STOPLOSS .RETRACEMENT CAN BE TILL 2830 BELOW WHICH AGAIN FREASH SELLING CAN COME .
BULLS IF HOLD 2930 ON CLOSING BASIS WILL GO TO SEE 3028-50 AREA .

REGARDS

NIFTY TREND TEAM

NIFTY VIEW FOR 4.02

MARKET TRADING IN RANGE AND WILL CONTINUE TO DO SO BEFORE FINDING EITHER SIDE BREAKOUT

BULLS:: PROTECT 2710 AND CROSS 2854 WILL SEE GOOD UPSIDE

BEARS:: BREAK 2710 AND WILL SEE TEST 2660 BELOW THAT GOOD FALL .

REGARDS

NIFTY TREND TEAM

NIfty update 2nd Feb 2009

Nifty on friday closed near the resistance of 2876 levels. A sustained upmove will take it to 2950. But, as of the the turbo cci is hooking. So, any longs should be protected with a stop loss.

Nifty update 28th Jan 2009

As seen from chart, 14 CCI has given a positive divergence. Price has started moving up. But we expect to see resistance 2870 and 2900 levels and support as of now is around 2660. Any upside above 2900 might be difficult to sustain.

Regards,

Niftytrends Team

NIFTY UPDATE SHORT TERM

As We have mentioned is our last post that Bull will take charge only if we cross 2940.
But bad luck for bulls that we have not moved on higher end and market remains to be in the range and bears zones from last some days .

People were expecting some overnight turn around by newly elected president of US that made market 50:50 game for both bulls and bears and brought intra day pull back .Expiry also near just 7 days so we may see volatile trade .But any close below 2660 will be brutal for bulls and will shatter all hope of pull back for bulls .So message is clear.

BULLS :: PROTECT 2660 AREA YOU WANT PULL BACK TO 2840
BEARS :: BREAK 2660 AREA IF YOU CAN FOR GREATER REWARD .

HAVE A GREAT PROFITABLE DAY AHEAD


REGARDS
NIFTY TREND TEAM

RAJU DA DHABA

NIFTY SHORT TERM VIEW

SATYAM SHOCK PROVED TO BE BIG SENTIMENT REVERSAL FOR ALL MARKET .

NIFTY CLOSED ABOVE SUPPORT AREA 2805 THAT IS ONE BIG POSSITIVE THING . NIFTY NEED TO CROSS 2940 TO GAIN MOMENTUM FOR BULLS . WE FEEL WE WILL BE IN RANGE TILL RESULT START COMING AND THEN WILL TAKE ONE SIDE MOVE .

ABOVE CHART SHOWS ACCUMULATION DISTRIBUTION RESTING NEAR TRENDLINE THIS WAS TRIGGER WE USED TO PREDICT SHORT TERM RISE FROM 2550 LAST TIME.
THE BEST IDEA HERE IS TO WAIT FOR TREND TO CLEAR AND THEN TAKE DIRECTION .

BULLS REQUIRE 2940 TO BREAK UPSIDE FOR NEXT MOMEMTUM TO RESUME

BEARS NEED TO BREAK 2777-70 AREA AND CLOSE BELOW FOR DOWNSIDE MOVEMENT .

REGARDS

NIFTY TREND TEAM