subravi

subravi

Nifty 15314 - Nifty unable to pass through resistance zone 15314 to 15321 in todays trading session and an attempt to pass through by the end of the session also seems to be negated. Either Nifty to have a gap opening or fall to support zone 15267 to 15289 to gain further strength to pass through. If gap opening, Keep long with 15314 as SL If opening below 15314,...

subravi

Nifty 15163 - Resistance zone 15213 to 15243 ,Support zone 15132 to 15106.

subravi

Reliance (2041)bullish with support 1970 for target 2110.

subravi

As short term trend is down, we expect nifty (15163) to test support 15138 before moving up further. Trading Strategy : Buy Nifty strictly 15138 for Target 15225 Sell strictly below 15138 for Target 14976.

subravi

Tata Steel (687 ) As volumes declined and signal diverged, current price is a clear indication of SM in the verge of distribution. Consider going short below 713 for target 607

subravi

As Volume decreasing with Nifty (futures) price going up and signals diverged, We assume Smart money is in the verge of completing distribution. Consider booking profits, if on long with support 15106 and going short below the same for target 14650

subravi

Nifty 15106- signals are diverged and day momentum is weak.Consider going/keeping short below “magic resistance” ( see our earlier post for this resistance ) for target 14860.

subravi Updated 

Nifty (15041) - Those missed to go short below 15109 shall Consider going short below 15040 with SL 15068 for target 14860.

subravi

As momentum is week , we expect Tata steal (685) will test support 645. Consider going/keep short with SL/below 694.

subravi

Nifty momentum is down. With SL at 15109 we expect Nifty will test support 14860.

subravi

As indicators are still in bullish range we hope todays downfall is due to profit booking. Panic selling may start if Nifty unable to cross 15144. Consider going /keep short below 15144 for target 14560.

subravi

We suggested profit booking when Nifty @15206 when signals were diverged and recommended to reverse trade when Nifty falls below 15165. As posted Nifty completed the profit booking and fall below 15165 to low of 15060 and closed at 15109 holding on the support 15106 which we posted in our earlier posting. We hope our postings would have been helping some traders.

subravi

Nifty (15206)- Indicator is diverged. expecting some profit bookings with support 15165. Reverse trade if Nifty falls below 15160

subravi

Nifty all momentum turning bullish. So we raise further. Avoid shorts. Nifty (15115) : Trading strategy 1.Keep long with SL 14895 for target 15161.Reverse trade ONLY if Nifty falls below 14895 for target 14600.

subravi

We recommended to close long position and reverse trade @15106. Nifty is trading now at 15060 .Cheers

subravi Updated 

Reliance (1923) weekly momentum is weak. With Day trend still being bullish expecting reliance to raise to test the resistance before falling down. Trading strategy Consider booking profits/closing long positions with resistance1940. Keep short with strict SL 1940 for target 1600.

subravi

BankNifty (35654)Trading strategy 1. Keep Long /book profit with strict stop loss 35634. 2. Go short below 35634 with SL 35654 for target 34200

subravi

Nifty weekly momentum is weak and daily momentum is still bullish. So we expect Nifty to test resistance and fall to test the support. Nifty (14924) : Trading strategy 1.Keep long with SL 14895 for target 15106.Reverse trade if Nifty raise above target and fall below it. 2. Short below 14895 with SL 14955. Target 14790