Nifty to bottom out above 4750 and a rally to 4990 is likely

Nifty is very close to our short term downside target of 4750-4800 level. It seems it is likely to bottom out in the short term in this area and it is likely to be followed by a short term rally towards 4990. Those who have already shorted Nifty Futures can book profit and exit short positions. Fresh Long positions can be initiated if it fails to move below 4750 in another three trading sessions.

Nifty - Technical Outlook and Intraday Trading Levels, 29 Jan

Today, 4840 is the crucial intraday level for Nifty.

If Nifty sustains below 4840, then it could test 4800 and below that level it could test 4750.

Instead, if Nifty trades above 4840, then it could test 4885.

Sensex- Technical Outlook and Trading Levels,29 January

Today, 16250 is the crucial intraday level for Sensex.

If Sensex sustains below 16250, then it could test 16000.
Instead, if Sensex trades above 16240, then it could test 16540.

Nifty Futures - Intraday and Positional Trading Levels, 29 Jan

Today, 4845 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 4845, then it could test 4800 and below that level, it could test 4750.

Instead, if Nifty trades above 4845, then it could test 4890.

Technical View and Trading Levels of Cnx IT & Bank Nifty,29 Jan

Bank Nifty Intraday levels and range

Today, 8340 is crucial for Intraday.

If Bank Nifty sustains below 8340, then it could test 8000.
Instead, if Bank Nifty trades above 8340, then it could test 8550.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 29 Jan

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1080. Trade short below 1050 for a target of 940.

Nifty - Technical Outlook and Intraday Trading Levels, 28 Jan

Today, 4850 is the crucial intraday level for Nifty.

If Nifty sustains below 4850, then it could test 4800 and below that level it could test 4750. Instead, if Nifty trades above 4850, then it could test 4930.

Nifty Futures - Intraday and Positional Trading Levels, 28 Jan

Today, 4850 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 4950, then it could test 4800 and below that level, it could test 4750.
Instead, if Nifty trades above 4850, then it could test 4930.

Sensex- Technical Outlook and Trading Levels, 28 January

Today, 16340 is the crucial intraday level for Sensex.

If Sensex sustains below 16340, then it could test 16200 and below that level, it could test 16000.
Instead, if Sensex trades above 16340, then it could test 16540.

Technical View and Trading Levels of Cnx IT & Bank Nifty,28 Jan

Bank Nifty Intraday levels and range

Today, 8340 is crucial for Intraday.
If Bank Nifty sustains below 8340, then it could test 8000.
Instead, if Bank Nifty trades above 8340, then it could test 8460.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.
The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1080. Trade short below 1050 for a target of 940.

Positional Trade-Sell Nifty Futures,stop 5080, target 4800

27, January

Nifty is trading well below the short term crucial level of 5080. Unless it trades above this level, the short term trend in Nifty would remain bearish. Below 4940, the next short term crucial level for Nifty is 4750-4800 levels.

Nifty - Technical Outlook and Intraday Trading Levels, 27 Jan

Today, 4940 is the crucial intraday level for Nifty.

If Nifty sustains below 4940, then it could test 4900 and below that level it could test 4850.
Instead, if Nifty trades above 4940, then it could test 4980.

Nifty Futures - Intraday and Positional Trading Levels, 27 Jan

Today, 4935 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 4935, then it could test 4900 and below that level, it could test 4850.
Instead, if Nifty trades above 4935, then it could test 4985.

Sensex- Technical Outlook and Trading Levels,27 January

Today, 16600 is the crucial intraday level for Sensex.

If Sensex sustains below 16600, then it could test 16400 and below that level, it could test 16000.

Instead, if Sensex trades above 16600, then it could test 16700.

Technical View and Trading Levels of Cnx IT & Bank Nifty,27 Jan

Bank Nifty Intraday levels and range

Today, 8750 is crucial for Intraday.
If Bank Nifty sustains below 8750, then it could test 8550.
Instead, if Bank Nifty trades above 8750, then it could test 8810.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 27 Jan

Reliance

Today, 1075 is the crucial intraday level. Trade long above that level and trade short below that level.
The level 1075 is crucial for short term. Positional Traders, trade long above 1075, for a target of 1140. Trade short below 1075 for a target of 940.

A Simple Mechanical Trading System for a Positional Trader

Many traders have asked me how to design a simple trading system to trade mechanically Nifty Futures or Stock Futures. Though I am following a different type of wave analysis and I am not following any mechanical trading system, I have found this particular system useful for positional trading.

Nifty - Technical Outlook and Intraday Trading Levels, 25 Jan

Today, 5020 is the crucial intraday level for Nifty.

If Nifty sustains below 5020, then it could test 4940 and below that level it could test 4900.
Instead, if Nifty trades above 5020, then it could test 5080.

Nifty Futures - Intraday and Positional Trading Levels, 25 Jan

Today, 5015 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5015, then it could test 4935 and below that level, it could test 4900.

Instead, if Nifty trades above 5015, then it could test 5075.

Sensex- Technical Outlook and Trading Levels,25 January

Today, 16820 is the crucial intraday level for Sensex.

If Sensex sustains below 16820, then it could test 16600 and below that level, it could test 16400.
Instead, if Sensex trades above 16820, then it could test 17000.

Technical View and Trading Levels of Cnx IT & Bank Nifty,25 Jan

Bank Nifty Intraday levels and range

Today, 8750 is crucial for Intraday.

If Bank Nifty sustains below 8750, then it could test 8550.
Instead, if Bank Nifty trades above 8750, then it could test 8860.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 25 January

Reliance

Today, 1075 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1075 is crucial for short term. Positional Traders, trade long above 1075, for a target of 1140. Trade short below 1075 for a target of 940.

Nifty - Technical Outlook and Intraday Trading Levels, 22 Jan

Today, 5080 is the crucial intraday level for Nifty.

If Nifty sustains below 5080, then it could test 5000 and below that level it could test 4940.

Instead, if Nifty trades above 5080, then it could test 5150.

Nifty Futures - Intraday and Positional Trading Levels, 22 Jan

Today, 5075 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5075, then it could test 4995 and below that level, it could test 4935.
Instead, if Nifty trades above 5075, then it could test 5150.

Sensex- Technical Outlook and Trading Levels, 22 January

Today, 17000 is the crucial intraday level for Sensex.

If Sensex sustains below 17000, then it could test 16650.
Instead, if Sensex trades above 17000, then it could test 17200.

Technical View and Trading Levels of Cnx IT & Bank Nifty,22 Jan

Bank Nifty Intraday levels and range

Today, 8760 is crucial for Intraday.
If Bank Nifty sustains below 8760, then it could test 8550.
Instead, if Bank Nifty trades above 8760, then it could test 8860.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 22 January

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1140. Trade short below 1050 for a target of 940.

Positional Trade-Sell Nifty Futures with a stop at 5240, 21 Jan

Nifty has broken the crucial short term level of 5235 and trading below that level. If it fails to move above this level, than a correction towards 5080 is likely in another one week's time. Futures traders can short Nifty Futures below 5235 with a stop at 5235 for a target of 5080.

Nifty - Technical Outlook and Intraday Trading Levels, 21 Jan

Today, 5240 is the crucial intraday level for Nifty.

If Nifty sustains below 5240, then it could test 5160 and below that level it could test 5080.

Instead, if Nifty trades above 5240, then it could test 5280.

Nifty Futures - Intraday and Positional Trading Levels, 21 Jan

Today, 5235 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5235, then it could test 5160 and below that level, it could test 5080.

Instead, if Nifty trades above 5235, then it could test 5280.

Sensex- Technical Outlook and Trading Levels, 21 Jan

Today, 17500 is the crucial intraday level for Sensex.

If Sensex sustains below 17500, then it could test 17250.
Instead, if Sensex trades above 17500, then it could test 17650.


Short term Technical View of Sensex

Technical View and Trading Levels for Cnx IT & Bank Nifty,21 Jan

Bank Nifty Intraday levels and range

Today, 9120 is crucial for Intraday.
If Bank Nifty sustains below 9120, then it could test 9000.
Instead, if Bank Nifty trades above 9120, then it could test 9180.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 22 January

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1100 is crucial for short term. Positional Traders, trade long above 1120, for a target of 1140. Trade short below 1100 for a target of 1000.

Nifty Futures - Intraday and Positional Trading Levels, 20 Jan

Today, 5235 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5235, then it could test 5160.

Instead, if Nifty trades above 5235, then it could test 5280 and above that level it could test 5300.

Nifty - Technical Outlook and Intraday Trading Levels, 20 Jan

Today, 5240 is the crucial intraday level for Nifty.

If Nifty sustains below 5240, then it could test 5160.
Instead, if Nifty trades above 5240, then it could test 5280 and above that level it could test 5300.

Sensex- Technical Outlook and Trading Levels,20 January

Today, 17550 is the crucial intraday level for Sensex.

If Sensex sustains below 17550, then it could test 17300.
Instead, if Sensex trades above 17550, then it could test 17650 and above that level it could test 17750.

Short term Technical View of Sensex

Technical View and Trading Levels for Cnx IT & Bank Nifty,20 Jan

Bank Nifty Intraday levels and range

Today, 9120 is crucial for Intraday.
If Bank Nifty sustains below 9120, then it could test 9000.
Instead, if Bank Nifty trades above 9120, then it could test 9250.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance

Today, 1100 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1100 is crucial for short term. Positional Traders, trade long above 1120, for a target of 1140. Trade short below 1100 for a target of 1050.

Short term and Long term Technical View of DLF, 19 January

The Stock made an all time high of 1225 in 2008 January. Since then, it is trading below that level. In February 2009, it made an all time low of 124. From 124, it rallied to test a high of 490 in October 2009. Currently it is trading around 390.

Nifty - Technical Outlook and Intraday Trading Levels, 19 Jan

Today, 5280 is the crucial intraday level for Nifty.

If Nifty sustains below 5280, then it could test 5240 and below that level it could test 5160.

Instead, if Nifty trades above 5280, then it could test 5300 and above that level it could test 5320.

Nifty Futures - Intraday and Positional Trading Levels, 19 Jan

Today, 5275 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5275, then it could test 5245 and below that level it could test 5160.

Instead, if Nifty trades above 5275, then it could test 5300 and above that level it could test 5320.

Sensex- Technical Outlook and Trading Levels, 19 January

Today, 17650 is the crucial intraday level for Sensex.

If Sensex sustains below 17650, then it could test 17500, and below that level it could test 17300.

Instead, if Sensex trades above 17650, then it could test 17750 and above that level it could test 17800.

Trading Levels for Cnx IT & Bank Nifty,19 Jan

Bank Nifty Intraday levels and range

Today, 9160 is crucial for Intraday.

If Bank Nifty sustains below 9160, then it could test 9030.
Instead, if Bank Nifty trades above 9160, then it could test 9320.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance

Today, 1120 is the crucial intraday level. Trade long above that level and trade short below that level. The level 1120 is crucial for short term. Positional Traders, trade long above 1120, for a target of 1160. Trade short below 1120 for a target of 1050.

Short Term Outlook of Bank Nifty, 15 january 2010

Technical Outlook and Forecast of Bank Nifty

Since October 2009, Bank Nifty is forming a flat contracting triangle. In the upper side, the highs are marked by lower tops. In the lower side, the bottoms are marked by lower bottoms. It gives an indication that it might break in the lower side. The size and shape of the pattern indicates, the Index could move significantly in the direction of the breakout.

Nifty - Technical Outlook and Intraday Trading Levels, 15 Jan

Today , 5240 is the crucial intraday level for Nifty.

If Nifty sustains below 5240, then it could test 5160 and below that level it could test 5085.

Instead, if Nifty trades above 5240, then it could test 5270 and above that level it could test 5290.

Nifty Futures - Intraday and Positional Trading Levels , 15 Jan

Today, 5245 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5235, then it could test 5165 and below that level it could test 5100.

Instead, if Nifty trades above 5235, then it could test 5280 and above that level it could test 5300.

Nifty Futures intraday Trading Strategy

Sensex- Technical Outlook and Trading Levels, 15 January

Today, 17530 is the crucial intraday level for Sensex.

If Sensex sustains below 17530, then it could test 17300, and below that level it could test 17000.

Instead, if Sensex trades above 17530, then it could test 17650 and above that level it could test 17800.

Trading Levels for Cnx IT & Bank Nifty,15 Jan

Bank Nifty Intraday levels and range

Today, 9050 is crucial for Intraday.

If Bank Nifty sustains below 9050, then it could test 8780.

Instead, if Bank Nifty trades above 9050, then it could test 9150.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance

Today, 1120 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1120 is crucial for short term. Positional Traders, trade long above 1120, for a target of 1160. Trade short below 1120 for a target of 1000.

Nifty - Technical Outlook and Intraday Trading Levels, 14 Jan

Today, 5230 is the crucial intraday level for Nifty.

If Nifty sustains below 5230, then it could test 5160 and below that level it could test 5085.

Instead, if Nifty trades above 5230, then it could test 5270 and above that level it could test 5290.

Nifty Futures - Intraday and Positional Trading Levels, 14 Jan

Today, 5235 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 5235, then it could test 5165 and below that level it could test 5100.

Instead, if Nifty trades above 5235, then it could test 5280 and above that level it could test 5300.

Sensex- Technical Outlook and Trading Levels, 14 Jan

Today, 17500 is the crucial intraday level for Sensex.

If Sensex sustains below 17500, then it could test 17300, and below that level it could test 17000.

Instead, if Sensex trades above 17500, then it could test 17650 and above that level it could test 17800.

Trading Levels for Cnx IT & Bank Nifty,14 Jan

Bank Nifty Intraday levels and range

Today, 9000 is crucial for Intraday.

If Bank Nifty sustains below 9000, then it could test 8850.

Instead, if Bank Nifty trades above 9000, then it could test 9150.