29th SEPTEMBER NIFTY VIEW

Though Nifty Future opened steady, it could not sustain at higher (6065) levels and came down to make a low of 6003, which is .618 level and also close to the trend line shown on the EOD chart. In the 2nd half, Nifty Future made a smart up move to close at 6050. Considering the EOD candle, it looks as if Nifty Future should continue its upward march.

Tomorrow, one can consider buying Nifty Future once it trades above 6070 with stop loss of 6045. On the higher side, it will find resistance at 6095 - 6115 and major resistance at 6170.

One needs to keep a watch on Reliance tomorrow, as it has done double bottom today and if it trades above 1015, it can help sustain Nifty Future's upward march - particularly in light of FNO settlement on Thursday.

All the best.

ALERT : MLL

MLL MAKING HIGHS ....

54 TO 58 WITHIN 1 WEEK .... LOT SIZE 4000.

MORE TO COME ... 62 MY TARGET.

28th SEPTEMBER NIFTY VIEW

Today, if Nifty Future goes below 6040 - it may create some anxiety, but in view of the sharp rise in a short time, one should be ready for a fall up to 5975, where Nifty Future will find Trend line support. One can consider going short below 6040 with a stop loss of 6070. on down side it will find support at 5975.

Fresh buying should be considered only above 6070 with stop loss of 6040. On the higher side it will find resistance at 6115 and major resistance at 6170.

All the best.