Nifty futures daily intraday & short term levels

ShravaniHadge · #1 26th August 2008, 11:42 PM

Hari Om,

This is a new thread for Nifty Futures. In this thread I will Provide Traders of Nifty Future's with Daily Crucial Levels for Both Intraday and Short Term.

Queries Regarding the Technical Levels will also be Answered offline, i.e. through This Traderji Forum and Hourly Nifty Levels will also be given During Market Hours if needed.

" To Start with, I will Provide you with a Brief Analysis on How Nifty Futures for 27th Aug 2008, Wednesday would be like.

For Wednesday Resistance for Nifty Aug Futures is at 4368.

Above 4368, Nifty will propel to the Level of 4373 where it will face a Minor Hurdle. Above 4373 expect rally straight up to 4386-4395 and 4403-4414 level.

Expect Profit Booking at the Level of 4403-4414.

Support for Wednesday is at 4333-4316.The level of 4316 should not be broken on Wednesday or else we could see the levels of 4290, 4268 and 4246
The level of 4256-4246 will act as a Strong Bounce back level, so this level should remain intact for further Uptrend.

Dear Friends, I don’t know what the International Scenario would be like, but If Nifty Futures Manages to close above 4393-4414, then For the Coming days we can see the Level of 4451-4492 and above 4492 the level of 4543 -4580 can be expected. This View regarding a close above 4414 is for the Short term but anyways let us be with the trend. Trend is our Friend. "

Have a nice Trading Day on Wednesday. Thanking you all. Good Night.

Regards,
Shravani

mksingh255 · #2 27th August 2008, 12:12 AM

Thanks. It's your nice gesture to start this thread.

Regard,
Mk Singh

sasi0263 · #3 27th August 2008, 01:16 AM

Hi Shravani,

Ur analysis is lookin quite interesting. I do not know wats the basis of ur calculation. After tomorrow's observation I will give u da feedback

Also one query- whether your levels are positional or for intraday only.

Thanks

Quote:

Originally Posted by ShravaniHadge

Hari Om,

This is a new thread for Nifty Futures. In this thread I will Provide Traders of Nifty Future's with Daily Crucial Levels for Both Intraday and Short Term.

Queries Regarding the Technical Levels will also be Answered offline, i.e. through This Traderji Forum and Hourly Nifty Levels will also be given During Market Hours if needed.

" To Start with, I will Provide you with a Brief Analysis on How Nifty Futures for 27th Aug 2008, Wednesday would be like.

For Wednesday Resistance for Nifty Aug Futures is at 4368.

Above 4368, Nifty will propel to the Level of 4373 where it will face a Minor Hurdle. Above 4373 expect rally straight up to 4386-4395 and 4403-4414 level.

Expect Profit Booking at the Level of 4403-4414.

Support for Wednesday is at 4333-4316.The level of 4316 should not be broken on Wednesday or else we could see the levels of 4290, 4268 and 4246
The level of 4256-4246 will act as a Strong Bounce back level, so this level should remain intact for further Uptrend.

Dear Friends, I don’t know what the International Scenario would be like, but If Nifty Futures Manages to close above 4393-4414, then For the Coming days we can see the Level of 4451-4492 and above 4492 the level of 4543 -4580 can be expected. This View regarding a close above 4414 is for the Short term but anyways let us be with the trend. Trend is our Friend. "

Have a nice Trading Day on Wednesday. Thanking you all. Good Night.

Regards,
Shravani

ShravaniHadge · #4 27th August 2008, 08:15 AM

PHP Code:


			
For Wednesday Resistance for Nifty Aug Futures is at 4368.



Above 4368, Nifty will propel to the Level of 4373 where it will face a Minor Hurdle. Above 4373 expect rally straight up to 4386-4395 and 4403-4414 level.



Expect Profit Booking at the Level of 4403-4414.



Support for Wednesday is at 4333-4316.The level of 4316 should not be broken on Wednesday or else we could see the levels of 4290, 4268 and 4246

The level of 4256-4246 will act as a Strong Bounce back level, so this level should remain intact for further Uptrend.

Thank You for the Feedback,

Mr M K Singh And Mr Sasi. The above two Paragraphs are for Intraday and whatever is Given Below this two Paragraphs in my thread is Positional. I will be Regularly Updating the Technicals.
My Analysis is Based on Candle Stick Charts. I also Analyse Stocks in Cash and F&O Segment. Apart from Indian Markets I can also Provide INtraday and Short term Levels for Crude oil, Nasdaq, Dow Jones & Asian Markets, if they are needed by any Member of Traderji.

Anyways Have a Good Day, and Happy Trading.

Regards,
Shravani

uasish · #5 27th August 2008, 08:30 AM

Plz stop bumping in most of the Threads with one mssg only.

rkkarnani · #6 27th August 2008, 09:08 AM

Quote:

Originally Posted by ShravaniHadge

Hari Om,

This is a new thread for Nifty Futures. In this thread I will Provide Traders of Nifty Future's with Daily Crucial Levels for Both Intraday and Short Term.

Queries Regarding the Technical Levels will also be Answered offline, i.e. through This Traderji Forum and Hourly Nifty Levels will also be given During Market Hours if needed.

" To Start with, I will Provide you with a Brief Analysis on How Nifty Futures for 27th Aug 2008, Wednesday would be like.

For Wednesday Resistance for Nifty Aug Futures is at 4368.

Above 4368, Nifty will propel to the Level of 4373 where it will face a Minor Hurdle. Above 4373 expect rally straight up to 4386-4395 and 4403-4414 level.

Expect Profit Booking at the Level of 4403-4414.

Support for Wednesday is at 4333-4316.The level of 4316 should not be broken on Wednesday or else we could see the levels of 4290, 4268 and 4246
The level of 4256-4246 will act as a Strong Bounce back level, so this level should remain intact for further Uptrend.

Dear Friends, I don’t know what the International Scenario would be like, but If Nifty Futures Manages to close above 4393-4414, then For the Coming days we can see the Level of 4451-4492 and above 4492 the level of 4543 -4580 can be expected. This View regarding a close above 4414 is for the Short term but anyways let us be with the trend. Trend is our Friend. "

Have a nice Trading Day on Wednesday. Thanking you all. Good Night.

Regards,
Shravani

I am no Ta, and understand the TA, just a little to understand mainly the Technical Terms used by TA.
Accept my observation, questions and comments accordingly!!!

You say : Above 4368, Nifty will propel to the Level of 4373 , now why such a strong word 'propel' is used for just a 5 point move at a near 4400 level!! Does it indicate something or is just your way of expression!!!?

You have indicated later in reply that you are using Candlestick Cahrt for the analysis, good, but Shravani, what indicators or patterns or method are you using to gove your "readings". No, we dont need the exact things u are using but just to be more comfortable, it will be good if you can say whether u r using Patterns, MAs, EMAs, EWs, Fibos... whatever!!!

And look forward to regular posts !!

Thanks for the initiative!!!

-R K Karnani

deb99891 · #7 27th August 2008, 09:20 AM

after reading ur post
i am in the view that u r giving some levels only
then why the vague long story ?
+ ur effort is in wrong place.........
come out with some charts etc ........

ShravaniHadge · #8 27th August 2008, 01:41 PM

Okay,
Nifty Fut Resistance I gave was 4368, Nifty futures didnt go Past 4366
Again My Support for Nifty Futures was 4316, Nifty Futures Made Low of 4318 at 11:30 during market hours and from there Bounced back to 4347.
A gain of 29 Points.
I hope 29 Points Up is not Less for Nifty Day Traders and that too in a Market where there are less Volumes.

Now its 1:45 and the Low of 4318 is Intact. Lets see where the Market heads on from here.

Regards,
Shravani

kapil123 · #9 27th August 2008, 03:38 PM

Quote:

Originally Posted by ShravaniHadge

Okay,
Nifty Fut Resistance I gave was 4368, Nifty futures didnt go Past 4366
Again My Support for Nifty Futures was 4316, Nifty Futures Made Low of 4318 at 11:30 during market hours and from there Bounced back to 4347.
A gain of 29 Points.
I hope 29 Points Up is not Less for Nifty Day Traders and that too in a Market where there are less Volumes.

Now its 1:45 and the Low of 4318 is Intact. Lets see where the Market heads on from here.

Regards,
Shravani

I must agree that the levels being posted are pretty accurate. Once 4318 was broken, the fall was very steep.

ShravaniHadge · #10 27th August 2008, 03:40 PM

PHP Code:


			
Support for Wednesday is at 4333-4316.The level of 4316 should not be broken on Wednesday or else we could see the levels of 4290, 4268 and 4246

BELOW 4316 NIFTY AUG FUTURES FELL SHARPLY TO MAKE A LOW OF 4281.
MY PREDICTION WAS THAT BELOW 4316 NIFTY FUTURES WOULD BREAK FURTHER.
INTRADAY CHART HAS BEEN ATTACHED, KINDLY VIEW IT FOR EVIDENCE.
ANY MORE CRITICISMS, WILL BE APPRECIATED AND WELCOMED.

Regards,
Shravani

The Following 7 Users Say Thank You to ShravaniHadge For This Useful Post:
avijit_das (27th August 2008), cooltechnocrat (27th August 2008), manish733 (27th August 2008), novice1 (27th August 2008), praveen taneja (27th August 2008), rasokan (27th August 2008), viswa75 (27th August 2008)

The Following User Says Thank You to rkkarnani For This Useful Post:
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