HARI OM
MY DEAR FRIENDS, I WOULD LIKE TO BRING TO YOUR ATTENTION A VERY CRUCIAL POINT ABOUT SENSEX.
SENSEX IS TRADING BELOW ITS STOP LOSS THAT WAS MEANT TO BE AROUND 8989 AND THE WEEKLY CLOSE IS AT 8674.
DEAR FRIENDS SENSEX HAS CLOSED BELOW ITS STOP LOSS WHERE AS NIFTY FUT IS STILL HOLDING UP ABOVE ITS STOP LOSS WHICH IS PLACED AT 2630.
BUT UNLESS AND UNTILL SENSEX DOES NOT CLOSE ABOVE 8989 WITH HUGE GREEN VOLUMES, WE SHOULD FORGET ABOUT THE INDIAN STOCK MARKETS TO REMAIN BULLISH HEREON.
MARKETS WILL REMAIN BEARISH UNLESS AND UNTILL SENSEX DOES NOT CLOSE ABOVE 8989.
FOR THIS WEEK,
FOR AN UPTREND NIFTY FUT HAS TO SUSTAIN ABOVE 2630.
THE TRENDLINE SUPPORT FOR NIFTY IS PLACED AT 2630 AND NIFTY FUTURES MADE A LOW OF 2635 ON FRIDAY AND CLOSED FOR THE WEEK.
TO KEEP THE LOW OF 2635 INTACT, NIFTY FUT HAS TO GO PAST 2678 AND ONLY ABOVE 2678 THERE CAN BE FURTHER UPTREND FOR NIFTY FUTURES FOR THE WEEK.
ABOVE 2678 RESISTANCE IS PEGGED AT 2720, 2747.
2747 CAN BE REGARDED AS A POINT OF TREND REVERSAL FOR NIFTY FUT.
CLOSING ABOVE 2747 WITH STRONG GREEN VOLUMES IS A MUST.
ABOVE 2747 RESISTANCE FOR NIFTY FUT IS PEGGED AT 2773 & 2787.
ABOVE 2747 MAXIMUM RALLY FOR NIFTY FUTURES CAN BE SEEN UP TO 2773, 2787 & 2830.
WEEKLY PROFIT BOOKING CAN BE WITNESSED AROUND THE 2773 - 2787 REGION AND ONLY ON A CLOSE ABOVE 2773 2787, WE CAN EXPECT A RALLY UPTO 2805 2830 ON A WEEKLY BASIS.
FOR THE SHORT TERM, UPTREND FOR NIFTY FUTURES IS POSSIBLE ABOVE 2830 ONLY, i.e ON A CLOSING BASIS ABOVE 2830.
ANY BULLISHNESS FOR NIFTY FUTURES CAN BE VISIBLE ONLY ABOVE 2830.
CRUCIAL RESISTANCE LEVELS ARE 2747 2787 & 2830
BUT IF NIFTY FUT CRACKS 2630 THEN WE CAN EXPECT NIFTY FUT TO MAKE NEW SUPPORTS THAT ARE PEGGED AT 2601, 2567, 2532 & 2498.
2500 BEING A PSYCOLOGICAL LEVEL SHOULD NOT BE BREACHED OR ELSE 2498, 2477, 2438, 2398, 2358 & 2318 EXPECTED ON CARDS.
CRUCIAL SUPPORT LEVLES ARE 2630 2566 - 2503 & 2478.
HAVE A NICE TRADING SESSION FOR THE WEEK.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
NKH TECHNICAL
FOR THE COMING WEEK, 27-01-09 TO 30-01-09
MY DEAR FRIENDS, I WOULD LIKE TO BRING TO YOUR ATTENTION A VERY CRUCIAL POINT ABOUT SENSEX.
SENSEX IS TRADING BELOW ITS STOP LOSS THAT WAS MEANT TO BE AROUND 8989 AND THE WEEKLY CLOSE IS AT 8674.
DEAR FRIENDS SENSEX HAS CLOSED BELOW ITS STOP LOSS WHERE AS NIFTY FUT IS STILL HOLDING UP ABOVE ITS STOP LOSS WHICH IS PLACED AT 2630.
BUT UNLESS AND UNTILL SENSEX DOES NOT CLOSE ABOVE 8989 WITH HUGE GREEN VOLUMES, WE SHOULD FORGET ABOUT THE INDIAN STOCK MARKETS TO REMAIN BULLISH HEREON.
MARKETS WILL REMAIN BEARISH UNLESS AND UNTILL SENSEX DOES NOT CLOSE ABOVE 8989.
FOR THIS WEEK,
FOR AN UPTREND NIFTY FUT HAS TO SUSTAIN ABOVE 2630.
THE TRENDLINE SUPPORT FOR NIFTY IS PLACED AT 2630 AND NIFTY FUTURES MADE A LOW OF 2635 ON FRIDAY AND CLOSED FOR THE WEEK.
TO KEEP THE LOW OF 2635 INTACT, NIFTY FUT HAS TO GO PAST 2678 AND ONLY ABOVE 2678 THERE CAN BE FURTHER UPTREND FOR NIFTY FUTURES FOR THE WEEK.
ABOVE 2678 RESISTANCE IS PEGGED AT 2720, 2747.
2747 CAN BE REGARDED AS A POINT OF TREND REVERSAL FOR NIFTY FUT.
CLOSING ABOVE 2747 WITH STRONG GREEN VOLUMES IS A MUST.
ABOVE 2747 RESISTANCE FOR NIFTY FUT IS PEGGED AT 2773 & 2787.
ABOVE 2747 MAXIMUM RALLY FOR NIFTY FUTURES CAN BE SEEN UP TO 2773, 2787 & 2830.
WEEKLY PROFIT BOOKING CAN BE WITNESSED AROUND THE 2773 - 2787 REGION AND ONLY ON A CLOSE ABOVE 2773 2787, WE CAN EXPECT A RALLY UPTO 2805 2830 ON A WEEKLY BASIS.
FOR THE SHORT TERM, UPTREND FOR NIFTY FUTURES IS POSSIBLE ABOVE 2830 ONLY, i.e ON A CLOSING BASIS ABOVE 2830.
ANY BULLISHNESS FOR NIFTY FUTURES CAN BE VISIBLE ONLY ABOVE 2830.
CRUCIAL RESISTANCE LEVELS ARE 2747 2787 & 2830
BUT IF NIFTY FUT CRACKS 2630 THEN WE CAN EXPECT NIFTY FUT TO MAKE NEW SUPPORTS THAT ARE PEGGED AT 2601, 2567, 2532 & 2498.
2500 BEING A PSYCOLOGICAL LEVEL SHOULD NOT BE BREACHED OR ELSE 2498, 2477, 2438, 2398, 2358 & 2318 EXPECTED ON CARDS.
CRUCIAL SUPPORT LEVLES ARE 2630 2566 - 2503 & 2478.
HAVE A NICE TRADING SESSION FOR THE WEEK.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
NKH TECHNICAL
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