28th OCTOBER NIFTY VIEW.

After a weak opening, Nifty Future managed to do a high of 6102 and in the second half of the day became very weak to make day's low of 6005 and closed marginally up at 6038 - However, this being a descending line, the breakout point is getting to be lower every day and tomorrow it will be at 6100. Reliance continues to remain strong and can spring a surprise - mainly due to FNO settlement scheduled for tomorrow.

While we are very close to the previous low of 5988 and Nifty Future does look very weak, I would advise caution in going short at lower levels as Reliance can provide strength to nifty future for a decent close on the settlement day.

At the time of writing this post, US markets are weak and hence we too may see weak opening. Please note that even if 5988 is broken, we have 5950 (0.382 level) which may provide good support. If Nifty Future takes support at this level, one can consider going long with stop loss of 5925.

In case of stable opening, one can consider going long above 6050 level with stop loss of 6005 level. On higher side, 6080 and 6100 will provide resistance. It is advisable not to remain short above 6135 level .

All the best.

27TH OCTOBER NIFTY VIEW.

In yesterday's trading, Nifty Future had a lackluster trading except for a spike to a high of 6141. The day's low was 6094 and hence technically we have to consider that Nifty Future made a lower top and lower bottom - a sign of weakness. But considering the FNO settlement just 2 days away and looking at the position . I would continue to be hopeful of further up move - with good possibility of Reliance providing the lead.

Accordingly. I would advise going long above 6120 with stop loss of 6090. On higher side it will find resistance at 6155 - 6190 and 6240.

Nifty Future may get weak below 6085 but will find support at 6065, hence short positions are best avoided. Instead it will be better to consider long positions with suitable stop loss.

All the best.

26th OCTOBER NIFTY VIEW

In Yesterday's trading, Nifty Future opened firm and went on to make a high of 6180. In the second half it gave up all the gains made in the opening session but closed higher at 6136. With Reliance being firm one can still hope to cross 6200 level in the coming days. Reliance has to cross 1125 to provide the push for Nifty Future to go decisively above 6200.

As Nifty Future continues to make higher bottoms and also made a higher top today - though closing was little weak, I would continue to maintain upward bias. However, as matter of abundant caution, one should consider going long today above 6155 with stop loss of 6120. On higher side it will face resistance at 6180 and 6210.

I am not suggesting short position, as below 6100 Nifty Future may find support at 6085 - 6060 and 6025. Even if these levels are seen during the day, it would be better to have positive view with suitable stop loss - particularly as we are approaching FNO Settlement on Thursday.

All the best.

BTST

BUY LUPIN FUT @460 SL 450 TARGET 470-490 -500

25TH OCTOBER NIFTY VIEW.

In Friday's trading, after a flat opening, Nifty Future remained sideways and then went down to a low of 6058 and closed at 6090. In the opening session, it made a high of 6150 but could not cross the previous day's high of 6152.

Friday's low of 6058 should be considered as higher bottom and any buy trades for today should be taken with 6055 as stop loss. week will be FNO settlement week which could lead to higher volatility.

it will be better to consider buy trades for This week with stop loss of 6055. On higher side Nifty Future will find resistance at 6155 and 6200. If it manages to close above 6200, possibility of testing the previous top of 6336 will be very high.

Down side should be considered only below 6055 that too with 6000 giving good support. But considering the weekly candle and the strength in Reliance, it looks unlikely that more down side (i.e. below 6000) will be seen at least till FNO settlement on Thursday.

All the best.

22nd OCTOBER NIFTY VIEW

On the back of strong up move in US markets, Nifty Future opened firm and after initial hesitation, gathered pace by mid session and in the last 30 mins made day's high of 6152 and closed firm at 6135. The move was largely a result of strength displayed by Reliance.

As we approach key resistance level at 6200 tomorrow, we will know whether we have more upside left or this was just a pull back rally. I would suggest it would be better to go short as Nifty Future approaches 6190 levels with stop loss of 6225. On the down side, it will have support at 6125 and 6090.

In case of weak opening, one can consider buying with stop loss of 6075. On the higher side it will find resistance at 6155 and 6190 levels.

Tomorrow's movement may be critical for the market from the weekly Point of view as well as its reaction near 6200 levels, hence we can expect above average volatility.

In case of close above 6135, we can expect Nifty Future to test the previous high of 6336 next week.

All the best.

YESTERDAY CALLS ALERT.

NIFTY 6200 CE @ 21 TO 40 ...ALMOST DOUBLE WITHIN 2 DAYS.

NIFTY LONG VIEW ... 100% HITED THE TARGETS.

ICICIBANK HITS THE TARGET 1020 CA 20 TO 34

IDBI 164.4 TO 172.