ipuneet

ipuneet

BankNifty - higher levels can be expected. 30250-30300 should act as an important support now. Nest major resistance is around 31000, we may see earlier high breaching for BankNifty too. 30200 should be followed as a STRICT Stop Loss.

ipuneet

After a long consolidation Reliance may jump up to reclaim its lost glory. A good portfolio buy at all price levels, traders should wait fot it to exceed and sustain above 2014. Important levels are mentioned on chart.

ipuneet

This will not be valid if 31000 is broken and sustained for 15 minutes, 31100 and 31239 targets on upside.

ipuneet

Trade in direction of breakout, once the above range is broken.

ipuneet

imp levels mentioned in chart. A bear spread comprising 13200-12800 strikes can be considered. carry due deligince, cousult financial advisor before investing / taking a position.

ipuneet

important levels are mentioned on chart. Not a advice to speculate, remember to consult a qualified financial advisor before taking any positions.

ipuneet

Overbought market with high momentum. Imp levels mentioned on chart.

ipuneet Updated 

Strong momentum, overbought markets do have an upward bias but caution is must at these levels. The gap between 20 DEMA and 10 DEMA and index level calls for caution, other important indicators too are suggesting the same. Stay long, preferably with smaller volumes and stay near the exit door. This is not a trading advise, pls consult your financial...

ipuneet Updated 

Important levels are mentioned on chart, a reversal from this point will give a good trade opportunity on long side. While break and sustaining below this level will invite bears. This is post is purely for education or research purposes, it is not a trading / speculation / investment advise. Please consult your financial adviser before taking any positions.

ipuneet Updated 

Nifty is having a intermidiate support at 12780 based on a channer resistance line and a long term trend line, this is followed by another support at 12730 which is previous week low. CCI is a reliable indicator to suggest intermidiate tops and bottoms, it is showing some kind of reversal on weekly, daily and four hour charts. Puts spread utilising 12800-12500...

ipuneet Updated 

BankNifty showed some sign of weakness on Friday, which got confirmed today. It may not be able to exceed and sustain 29750 tomorrow, avoid longs below 29550. 29373 and 29220, 29040 and 28911 are important supports, on the way down. tomorrow is gonna be 1st weekly expiry in this revised peak margin regine, expect lower volumes than a usual expiry day.

ipuneet

1372 is 20 DEMA, should hold, if it breaches 1321 (Kijun on daily charts) is the next target. I'll consider it weak unless 1414 is exceeded on a closing basis.

ipuneet

Imp levels mentioned on chart. Consult your financial advisor before taking any position,

ipuneet

imp levels are menionted on chart. Trade with caution, following the advise of your financial consultant.

ipuneet

imp levels are menionned on chart. Trade with caution, refer to advise of your financial consultant.

ipuneet

Overbought Nifty has given several opportunities to long side traders to exit. There may not be many opportunities left, I've been telling my followers to trade on long side but with 1/4th or 1/3rd of your regular volumes. Even from a immediate term perspective, there will be a strong uptrend as long as 12800 holds. 12978, 13024 are important resistance points....

ipuneet Updated 

Important levels are mentioned. RSI divergence on hourly chart, should be seen, may provide an important cues. Markets are indeed overbought, and in strong upward momentum. Trade with CAUTION. The chart or post is no encourage speculation or trading in markets, it should be used for education or research purpose only.

ipuneet

Nifty