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Thursday, March 31, 2011

Overnight View on Nifty (31-03-2011)

  3:14 PM    

Nifty Daily Chart: As we expected, Nifty reversed from the resistance level of 5872. If Nifty manages to closes below 5875 then we can see further fall in Nifty over the days to come. RSI is turning its head down. Only Risky Positional Traders hold long in nifty, or keep a SL at 5740. 
Nifty Intraday Chart: As we expected we see wild sings in the daily chart in the late afternoon session. On the chart we see sluggishness in the upside movement in Nifty. I think this will drag nifty further down in days to come.

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Nifty Outlook for 31-03-2011

  9:03 AM    

Nifty Daily Chart: On the daily chart, Nifty failed to trade above the 5800 mark yesterday. RSI still provides room for little move upside, may be upto the next resistance level at 5875. We expect wild swing in the late sessio due to FNO expiry.

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Wednesday, March 30, 2011

Overnight View on Nifty (30-03-2011)

  3:21 PM    

Nifty Intraday Chart: Nifty fails to move higher than 5804 the resistance level for the session. However the momentum towards downside is still lacking. We will get clear direction on Nifty in a day or two. Tomorrow being expiry, we expect Nifty to be volatile and provides good opportunity to go either way. Only Risky Positional Traders hold Long on Nifty, the rest can remain neutral in the market for the day.

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Nifty Outlook for 30-03-2011

  8:55 AM    

Nifty Daily Chart: Nifty still have some room for upside movement before it turns down. RSI also supports this view. There is a stiff resistance seen at 5801. Volumes are not picking up and this leaves us with a question whether the upside movement is just another correction.

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Tuesday, March 29, 2011

Overnight Outlook for Nifty 29-03-2011

  3:18 PM    

Nifty Intraday Chart: Nifty is moving well along the positive trendline right from morning session. One can hold long in nifty for the night as overnight position. On the intraday chart we can see some correction before nifty can move forward.

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Nifty Outlook for 29-03-2011

  8:48 AM    

Nifty Intraday Chart: On the intraday chart we see little negative divergence, and this make prices to move south in the morning session before it resumes its rally. 
 Nifty Daily Chart: We can expect some price correction to sideways movemnt before the prices continue to rally further. Nifty might try to fill the gaps before it resumes northward movement.

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Monday, March 28, 2011

Overnight Nifty Outlook for 28-03-2011

  3:05 PM    

Intraday Chart: Nifty holding strong on the positive trendline. No big movements on the intraday chart in todays session. Positional Traders: We are holding long on Nifty as our closing stratergy. On the intraday basis we booked profits on Nifty short at 5660. We might get an opportunity to average long position on Nifty in tomorrow's session.

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Nifty Outlook for 28-03-2011

  8:52 AM    

Nifty Daily Chart: On the daily chart we see that Nifty has broken the triangle as we expected few weeks back. Nifty has given surprises by rallying with run away hard gaps. All we need to see is to build on long positions when Nifty tries to fill the hard gaps in a day or two.

 Nifty Intraday Chart: On the intraday scale we see a positive trendline in formation. The RSI seems to be little tired, which gives us an opportunity to enter the market when nifty tries to take support at the marked levels (Blue Lines).
Important Information: Since it's financial year ending we find little time to update the blog. The Blog is usually updated three times a day during 9.00a.m.; 12.00noon and 3.15p.m. Kindly check out this blog for regular updates.
You can directly contact me at praveen@tranchegroup.com in case you need assistance in Nifty movements. Very soon we will also come up with live Y!msgr. service.

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Wednesday, March 23, 2011

Tuesday, March 22, 2011

Midday Outlook for Nifty (22-03-2011)

  12:13 PM    


Nifty moving well along the expected lines. There might be a slow down in the momentum upside during the afternoon session. Volumes for the past few days have been worrying making the market to be indecisive. Hold short for intraday with strict SL and keep booking profits at regular intervals.

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Nifty Outlook for 22-03-2011

  8:53 AM    

Nifty may bounce in the early session and march lower thereafter. Nifty need to complete the right triangle pattern before showing us a clear path for the near term. On the intraday front one can sell Nifty around 5400~5430 with SL at 5450 for a target of 5320.

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Monday, March 21, 2011

Overnight View on Nifty (21-03-2011)

  3:14 PM    

Nifty need to make an intraday low today or tomorrow near 5320 to complete the pattern. Risky Trader who are holding short in Nifty with us, can exit short around 5320 and wait for clear signals to emerge.

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Midday Outlook for Nifty (21-03-2011)

  12:08 PM    

Nifty moving well along the expected lines. I think the triangle pattern we were speaking about would be completed in a day or two. We need to get it soon for the reversal to happen; if this has to happen. Another possibility is that the pattern would have been completed in todays low at 5349 (Island Reversal). We will keep tracking the nifty movements and will keep you posted.

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Nifty Outlook for 21-03-2011

  9:01 AM    

Nifty has the room for little lower, thereafter I feel Nifty will march higher towards 5600. Nifty has to break the right angled triangle to show the clear trend. A break down or break on the upside (most likely) will give us the confirmation.

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Friday, March 18, 2011

Overnight View on Nifty (18-03-2011)

  3:21 PM    


As we expected earlier in this week, nifty has taken the support around 5360. If nifty closes below 5434 and if nifty manages to break below 5340, we can see heavy selling over the weeks to come. Only risky traders create short position again in Nifty, for safe traders it is advisable to wait for the close below the lower range today. We are holding short in Nifty.

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Midday Outlook for Nifty (18-03-2011)

  12:41 PM    


Nifty has broken the lower range of 5434 and it has been trading for long below the range in the morning session. We need to get a close below this level to build on fresh short position.

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Thursday, March 17, 2011

Nifty outlook for 18-03-2011

  9:26 PM    

Nifty tested our lower range today, however failed to close below it. Is there still some sideway movement possible? Nifty need to close above or below the range specified; in order to have a clear direction. We will build position based on the range breakout only.

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Overnight View on Nifty (17-03-2011)

  3:15 PM    


Nifty is trying to close below the lower range of 5434. If it manages to closes below it, we can see huge selling in the Nifty starting from tomorrow. Hope the Bear Smash starts again in Nifty from tomorrow. We will build on short position tomorrow, once we get confirmation close today.

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Midday Outlook for Nifty (17-03-2011)

  12:43 PM    


Nifty has been moving forth and back within a range for the past few sessions; giving no clear cues about the future price action. Mr.Market always love to push prices into no man's land, leaving all bulls and bears in dilemma. Now the price action for the past few sessions have given us an important cue about the major price action to begin. The range in between 5538 and 5434 is critical. I personally believe a close above or below this range would decide the next major movement in Nifty. Am watching these levels very closely. Will keep you updated once this range is breached.
Apologies for not updating for the previous session and this morning; as I was held up in Bangalore. Keep watching this space for updates.


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Wednesday, March 16, 2011

Nifty Outlook for 16-03-2011

  6:06 AM    


Yesterday's move in Nifty has pushed the index into no man's land. We still feel a little push down towards 5300 would complete the correction in Nifty. Book profits at regular intervals until a clear movement in Nifty is identified. Positional Traders can hold short with SL at 5500 on today's closing basis.

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Tuesday, March 15, 2011

Overnight View on Nifty (15-03-2011)

  3:22 PM    


Nifty has been under pressure in late afternoon session. Positional Traders can hold short in Nifty with SL @ 5500. One can also build fresh short 50% today and remaining tomorrow. It would be good for the bears if markets close below 5434.

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Midday Oulook for Nifty (15-03-2011)

  12:48 PM    


Nifty after moving north, has started to move sideways. One can build short both intraday as well as positional. We will keep you posted in case a change in view is felt.

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Nifty Outlook at 11 AM

  11:08 AM    


Nifty opened lower and raising from the days low in the early session. Those who have booked profits in Nifty short can go short once again on intraday basis; however we view this highly risky.

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Nifty Outlook for 15-03-2011

  9:05 AM    


Nifty is poised to open lower and it seems to me a wedge pattern in completion. Nifty need to touch around 5305 to complete the wedge pattern and need to bounce from there. We will keep tracking the minute movements in Nifty and we will keep you posted. Positional Traders with Short in Nifty can cover short in opening gap down.

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Monday, March 14, 2011

Nifty Outlook for 14-03-2011

  8:37 AM    


Nifty is poised to open lower due to global cues and sentiments from asian markets. Nifty need to trade below 5460 to gain momentum for further selling. Hold short in Nifty and we will keep you updated on the next move. Happy Trading for the week!

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Friday, March 11, 2011

Overnight View for Nifty (11-03-2011)

  3:16 PM    


Nifty broke the support level of 5460 and has been trading below it for most of the trading session today. It will be good for bears if Nifty manages to close below this mark for the day. One can hold Nifty short for the overnight.

  No Comments

Nifty Outlook for Nifty (11-03-2011)

  8:57 AM    


Nifty is poised to open lower this morning session. Nifty need to sustain below 5460 and trade below it for sometime in order to gain downside momentum. Keep watching this blog for updates.

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Thursday, March 10, 2011

Overnight View for Nifty (10-03-2011)

  3:22 PM    


Nifty has moved in a range in todays session. No clear trend emerged for the day. Nifty need to move below 5460 to gain momentum. One can hold short in Nifty with SL at 5526 on closing basis.

  No Comments

Midday Outlook for Nifty (10-03-2011)

  12:28 PM    


Nifty opened lower and howering around 5460 level. Nifty has to move below 5460 and trade for sometime there in order to gain momentum for further downside. For the moment hold on to short positions in Nifty.


  No Comments

Nifty Outlook for 10-03-2011

  8:54 AM    


Nifty closed exactly near our SL at 5532 yesterday. Volumes have been under pressure for the past few trading sessions. Nifty is piosed to open lower in the morning session. Nifty need to make intraday low below 5460 to gain momentum; else there is always a chance for intraday bounce in Nifty. We will keep you posted once the market is opened. Keep watching this blog.

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Wednesday, March 9, 2011

Midday Outlook for Nifty (09-03-2011)

  11:58 AM    



Nifty is under selling pressure right from the morning session. Nifty needs to make an intraday low below 5460; unless this level is breached the momentum towards downside would not be possible. Hold Nifty short and we will update this evening for overnight holdings.

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Tuesday, March 8, 2011

Overnight View for Nifty (08-03-2011)

  3:16 PM    


Mr.Market does it instyle. It filled the gap of yesterday and howering around that level, trying hard to cross over. Nifty need to close above 5512 today to gain further momentum upside. However no clear signals emerges. We are holding short in Nifty with SL at 5544 on closing basis. Tomorrows market action would be deterimental for some weeks to come. One can hold short in nifty with the said SL for todays closing.

  No Comments

Midday Outlook for Nifty (08-02-2011)

  12:00 PM    



Nifty has been trading above 5500 mark most of the time during the morning session. The Key point for the day would be 5512; we need to see whether nifty will manage to close above the mark of 5512. Keep watching the space for overnight strategy. 

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Nifty Outlook for 08-03-2011

  8:40 AM    



Nifty bounced from intraday low around 5420 yesterday, which happens to be the 50% retracement of the previous leg up. Today Nifty need to manage to go below 5420 and closes below it, for further downside movement. For the morning session we advise the safe traders to book profits on shorts build on friday around 5430. We wil keep you posted for the next possible moves on Nifty. Keep watching this blog for updates.

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Monday, March 7, 2011

Overnight Stratergy for Nifty (07-03-2011)

  3:17 PM    


Nifty is poised to close near the support level of 5465. Nifty needs to close below this level for more downside to follow; else there would be a intraday bounce in early sessions tomorrow before resuming the downward movement. For positional traders, HOLD NIFTY SHORT.

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Nifty Mid-Day View for 07-03-2011

  12:00 PM    


Nifty broke the first support of 5465 in morning session and still holding on with selling pressure. Hold the short build on friday and will keep you posted about the overnight strategy. Now the close below 5465 holds the key for nifty for remaining days of this week.

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Nifty Outlook for 07-03-2011

  8:46 AM    


As said in the overnight call on friday, Nifty is piosed to open lower and march towards 5465. Around 5465 there exists a stiff support. We need to wait and watch whether the support holds for a day or two. Keep watching this blog for midday and overnight strategies.

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Friday, March 4, 2011

Tuesday, March 1, 2011

Nifty Outlook for 01-03-2011

  8:42 AM    


Nifty witnessed wild sings as expected on the day of budget. Today we can expect a move higher in early session and gradually moving lower and lower. Nifty need to close above 5430 to continue its upside movement, till then bears will have control over the nifty. We are still holding short, will keep you updated in case a reversal in nifty is spoted.

SMS not going through. Levels for the day: INTRADAY SELL NIFTY(SPOT)@5370~5405~5440 WITH SL@5445 FOR TARGETS OF 5340~5300.

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