Nifty View :- Nirav Shah

Nifty Future: 1st minor support of 5220 has been broken with gap down opening due to global turmoil.

Earlier Break Out level of 5180 has been retested today.

1st Support is placed @5170-5180 .

Strong major support@5130. Short Term Trend would be turned to down only on closing below 5130 .

Accumulate longs in 5200 calls if nifty future comes in the range of 5150-5130 with Stop Loss 5090 . we may get strong bounce if 5130 holds on closing basis . Or keep Stop Loss of 5130 on closing basis.

Nifty Future: Market is very volatile So only risky traders should trade with strict proper Stop Losses.

Quick View – Nifty has been in range of 5080-5000 . Either side break may give quick 50-70 points .

RSI has been giving Positive Divergence on hourly chart hence chances are high for a possible upside .

Take a small risk and buy nifty around support of 5000 for a bounce and buy again above 5080. Reverse position below 5000.

Check Chart for details.

Quick move of 50 points below 5000 done.cmp 4948 . Enjoy

Free fall was witnessed below break down level of 5000 and made low of 4915.

For now no major rock solid support is seen up to 4700( + / - 25 points ) . On the upside 5000 will be now the solid resistance. Broader range is now 4700-5000 ( + / - 25 points both side )

No fresh recommendation for nifty. I PREFER TO AVOID TRADING.

DO NOT FORGET PRIMERY TREND IS DOWN UNTIL WE GET 2 DAILY CLOSE ABOVE 5500(EARLIER LEVEL WAS 5600) .

Trade bounces for short term only. its not time to make long term portfolio.

Mid & Small caps have been falling like they are going to shut down their businesses. Stocks which were pledged have been hitting badly . Pipavav(100% pledged & down 33% in 3 days) , Parshwnath(pledged more than 50% and today lower circuit of 20% ) . LIST IS TOO BIG. GOOGLE IT.

Promoters of Suzlon have been selling their stake even @ this lower rate. May be they are still expecting Rs. 5-10 rs OR..... In their own stock  Only GOD knows . just think if promoters are exiting from their co. why should we buy!! They must be knowing something which is still not been disclosed.

Check this link http://www.sharekhan.com/stock-mark...htm?utm_source=twitterfeed&utm_medium=twitter

So who trades in mid cap & small caps are now at no man’s land and their portfolios are now down by more than 50%.

STRICTLY DO NOT BUY BY ATTRACTING WITH THESE CHEAP PRICES AS IT COULD BE CHEAPER AND CHEAPEST AND THEN …….

Check The Beauty of Chart .

Nifty Future: As mentioned in my last chart of RSI +ve Div. , 1st target of 4800 achieved. For now nifty has given fresh break out above 4780.Next target could be around 4880-4900.Trail long positions with Proper Stop Loss. Check Chart for more Details.

Gr8 call nirav bhai

Thank You Amolbhai.

Nifty Future: It has almost achieved my target of 4880-4900.On 29-11-11 high made @4885.
Our markets have been moving exactly as per global clues for last couple of weeks. Today’s sharp Gap up opening is not triggered technically But based on Global markets & news only.

It clearly indicates when our weapons (Charts) do not work , better to stay out rather than trade blindly based on news / rumors / wishful thinking etc.

For now 5000 is a very stiff resistance where one should look to book profits in longs if bought at lower levels. Yes we are not holding any longs / shorts .

Check Chart for more details.

Nifty Future: As mentioned Nifty future has been facing stiff resistance at 5000.Only sustained move above 5000 may lead nifty to 5110 & 5160.

Go short in Nifty on all rise With SL 5016 to cover on dips & Go Long above 5016 for target 5110.

Regards ,