Nifty Update (27-04-15)

Technically Pullback expected from 200 DMA. But Nifty turn to very caution zone. Due to expiry week & caution zone, we are expecting "Range Bound" market. We will try to exit from long in any pullback with strict stop loss till any clarity.    

Daily Chart

 

Nifty Update (23-04-15)

Technical said, 99.99% chance seen for hold trendline level and bounce back up to 8470 min. & We saw bounce back with huge potential but after intraday violation. Anyway trap is part of Bull-Bear game. Now we can expect Non-Stop Rally till 9000. 

   

Nifty Update (22-04-15)

Technical said, Retracement is running and next target 50% level 8556. But Nifty breach all predefined retracement level & retrace up to 85.50%. But we can see a Major Support Trendline at daily chart, 8338 seen at trendline for tomorrow. 99.99% chance seen for hold this level and bounce back up to 8470 minimum.

 

Nifty Update (20-04-15)

Technical said, 99% chance for 8670 (As major level), But Nifty close below 8670. Now we are expecting 50% Retracement level of total move from 8269 to 8844 is "8556" should test & hold for next upmove till 9000. Bullish on Energy, Metal & PSU Banks.

   

Nifty Update (16-04-15)

Technical said, Caution level at 8850 "In previous chart Impulsive Market: Nifty Update (09-04-15)". Pullback target seen around 8800 & major support is at 8670. 99% chance for 8670 from 8800.

Nifty Update (09-04-15)

Technical said, Nifty may extend till 61.8% (8787-8794) of last swing. As per daily chart, If Nifty sustains above 8787 then next resistance at 8937 by Channel & 78.6% retracement of last swing. Caution level at 8850 (indicated at chart). Trailing SL at 8725...

Nifty Update (07-04-15)

Technical said, Nifty's pullback may extend till 8630 at least & we got 50% retracement level 8694. Important point is Nifty hold 8630 level on closing basis, now we can expect 8787-8794 as a 61.8% level. Keep stoploss 8620 for long position.

Nifty Update (06-04-15)

Technical said, Pullback may extend till 8630. If Nifty sustains above 8630 then by this chart & pattern, we can expect New High in Nifty for target around 9300-9400 at least.