Evening Star!!!

Indian markets to open on a Negative note tracking global markets, SGX Nifty is trading 7880 (-29 points)

As said in the last post that Nifty is trading @ daily resistance area of 7970 - 8000 and on hourly charts we saw RSI Classic Divergence, Markets tumbled by more than 130 points yesterday and close @ 7847 mark.

Evening star (Bearish Candle-Stick Pattern) on daily charts which indicates the downside is more. A break below 7820 - 7800 levels will confirm the same.

Areas to watch out :
Supports @ 7800-7770-7720
Resistance @ 7860-7890-7940

Bias remains Negative with crucial supports of 7820 - 7800 and with reversal above 7970 - 8000 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur. S

Expiry day!!!

Indian markets to open Negative today tracking global markets, SGX Nifty is trading 7966 (-23 points)

We saw a sluggish movement yesterday, Nifty managed to closed higher by 17 points. It was trading in a range through out the day (8000-7940).

Nifty is trading near its resistance of 7970 - 8000 levels, so a Short at these levels with proper evidence on charts will be good opportunity. Also on hourly charts it has shown some kind of weakness - RSI Classic Divergence on 60mins and a break below 7940 - 7930 will lead towards 7860 - 7820 levels

Markets will remain volatile as today is a Expiry day of April Month contract (FNO)

Areas to watch out :

Supports @ 7940-7870-7820

Resistance @ 8000-8040-8080

Bias will change to Negative if Nifty sustains below 7940 - 7900 and with reversal above 7970 - 8000 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,

Mayur, S.

Wait and watch!!!

Indian markets to open on a flat to positive note, tracking global markets,.

Yesterday Nifty created a low of 7822 and then we saw bounce of more than 100 points creating a day high of 7974, closed @ 7962.

Nifty is trading near its resistance of 7970 - 8000 levels, so a Short at these levels with proper evidence on charts will be good opportunity.

Markets will remain volatile as we are nearing to FNO Expiry which is on 28-April Thursday.

Areas to watch out :
Supports @ 7940-7870-7820
Resistance @ 7970-8000-8040

Bias will be wait and watch for proper evidence on charts, A short trade can be taken if Nifty breaks 7940-7930 levels and sustain below it, with resistance of 7970-8000 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur. S

Go Bears, Bulls Gone!!!

Indian markets to open Negative tracking global markets,

As said in the last update that markets are looking weak for short term. we saw Nifty tanked by more then 60+ points. Today Markets are likely to open Negative as SGX Nifty is trading @ 7839 (-35 points).

On daily charts we saw Nifty gave Negative Candle Divergence, also on hourly charts Head and Shoulder pattern has occurred which indicates that markets has less upside movement and we can see Nifty below 7800 levels soon.

As Nifty broke crucial support 7870-7840 levels, we may see further downside move till 7800 - 7770 - 7740 levels.

Areas to watch out :

Supports @ 7820-7770-7740
Resistance @ 7870-7910-7950

Bias changed to Negative with Sell on rise strategy can be apply with a reversal above 7970 - 8000 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur. S

Next station BEARS!!!

Indian markets to open on a flat to positive note tracking global markets,

Yesterday we saw Nifty crossed 7950 levels and created a High of 7978 but was finding difficult to sustain above 7950 and close @ 7912.

On daily charts Nifty gave a Candle Negative RSI Divergence which indicates there might be a stop for upside movement and if Nifty break 7880 and close below 7870 we can see Nifty near to 7850 - 7800 - 7700 levels in coming days with resistance near to 7980 - 8000 levels.

All bulls can book partial profits in their long trades and keep trailing stop-losses for your trades. Trailing stoploss for Nifty (For Long positions) will be around 7880 - 7870 levels.

Areas to watch out :
Supports @ 7870-7820-7770-7700
Resistance @ 7980-8000-8040-8080

Bias will change to negative for short term if Nifty closes below 7870 with reversal above 7880 - 7900 mark.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur, S.

Again Positive!!!

Positive opening again,

Personal View : Mayur shah Education Instructor

Nifty touch 7950 mark yesterday and was unable to sustain the same and close @ 7919.

The journey to north is likely to continue tracking global markets, SGX Nifty is trading @ 7973 (38 points higher).

Areas to watch out :

Supports @ 7870-7820-7770-7700

Resistance @ 7950-8000-8040-8080

Bias remains positive with buying on dips strategy should be followed.

Trade with Strict Stoploss and with Proper Money Management.

Regards,

Team ATC.

Positive!!!

Indian markets are likely to open on a positive note.

On Monday Nifty future closed @ 7918, yesterday SGX Nifty was trading near to 8000 mark up by more then 70 points and today its trading @ 7970, So we can expect a gap up opening on Index by 40-50 points.

As said in the last update that Nifty is creating Higher Highs and Higher Bottom on daily charts which indicates that the trend is up and we may see 7950 - 8000 levels in short term.

Today its likely to open near the resistance area, so will wait and watch for Markets to give proper signal for taking trades.

Areas to watch out :
Supports @ 7870-7820-7770-7700
Resistance @ 7950-8000-8040-8080

Bias remains positive with buying on dips strategy should be followed.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur. S

Bulls attack!!!

Nifty is likely to on strong note tracking global markets. SGX Nifty is trading 59 points higher.

Levels to watch out :
Supports @ 7660-7590-7550-7500
Resistance @ 7760-7790-7830-7880

Nifty likely to open near the daily resistance area of 7740-7780 so we may see profit booking or some sell off near these areas, However we are not initiating any trade now as there is no sell signal as of now. Will wait for proper indication on charts.

Markets will remain closed from 14-April and it will open on 18 April i.e, Monday. So taking an overnight trade will be bit risky.

Bias remains cautious for both Bulls as is trading at daily resistance. Trade with strict Stoploss.

Regards,
Mayur. S

Bang Bang!!!

Nifty is likely to open on a flat note tracking global markets. SGX Nifty is trading 2 points higher.

As said in the last post that Nifty took support at daily basing area of 7550 – 7400, we saw Nifty losing it downward strength with confirmation by multiple RSI Classic Positive Divergence, which help Nifty to touch 7678 (yesterday High) and closed near to high.

Now, we may see a up move till 7700 – 7740 – 7760 levels as these are the Next area of Resistance for Nifty. Buying right now will be a concern because Risk : Reward ratio will not be favorable.

As its trading near the resistance and on hourly charts Nifty is in overbought area buying right now will be bit risky. So we have to wait and watch for further Market movement.

Bias will be stay cautious for both Bulls and Bears. Trade with strict Stoploss.

Regards,

Mayur. S

Ray of hope!!!

Nifty is likely to open on a flat to positive note tracking global markets. SGX Nifty is trading 8 points higher.

On Friday Nifty was trading in a range of 7535-7570 levels and today is seems like it will open in this range as SGX Nifty is trading 8 points higher.

Ray of hope for bulls : Today we might saw a upward movement, As SGX Nifty was down by 35+ points and then it recovered a bit and now its trading 8 points positive. Important level for Nifty 7570 on higher side and 7520 on lower side.

Now its trading at daily basing area support and the range is 7550 - 7400. Also on hourly charts we saw Nifty losing its strength on downside (RSI Classic Positive Divergence) and if it breaks 7600-7610 levels then we may see Nifty moving up till 7650 - 7700 levels.

Bias will be stay cautious for both Bulls and Bears. Trade with strict Stoploss.

Regards,
Team ATC.

Stay Cautious!!!

Nifty is likely to open on a flat note tracking global markets. SGX Nifty is trading 2 points higher.

Nifty yesterday broke crucial support of 7600 - 7580 and then we saw Nifty touching 7540 - 7530 mark.

Now its trading at daily basing area support and the range is 7550 - 7400. Also on hourly charts we saw Nifty losing its strength on downside (RSI Classic Positive Divergence) and if it breaks 7600-7610 levels then we may see Nifty moving up till 7650 - 7700 levels.

Bias will be stay cautious for both Bulls and Bears. Trade with strict Stoploss.

Regards,
Mayur. S

Near Supports!!!

Nifty is likely to open on a Negative note tracking global markets.

Levels to watch out :
Supports @ 7580 - 7510 - 7480
Resistance @ 7650 - 7700 - 7740

Nifty is trading at daily supports @ 7600 - 7580 a decisively break below 7580 will lead Nifty till 7510 - 7480 levels. And Markets are likely to open in support area as SGX Nifty is down by 20+ points.

Bias will change to Negative if Nifty does not holds 7600 - 7580 levels and if Manage to break 7630-7650 levels then we may see a upside journey till 7700-7740 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Team ATC.

Testing Supports!!!

Nifty likely to open on a positive note tracking global markets.

Market on Tuesday witnessed the biggest one-day fall in last two months after an expected rate cut of 25 basis points by the Reserve Bank. Both Sensex and Nifty closed 2 percent lower.

Nifty is trading at daily supports @ 7600 - 7580 a decisively break below 7580 will lead Nifty till 7510 - 7480 levels.

Bias remains positive until Nifty holds 7600 - 7580 levels and resistance can be seen near 7650 - 7700 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,

Team ATC.

Volatile session!!!

Nifty likely to start lower ahead of RBI policy; volatility seen.

Supports @ 7700 - 7660 - 7640

Resistance @ 7770 - 7800 - 7840

Yesterday we saw a bounce on Nifty from 7700 - 7710 levels and Nifty managed to close higher @ 7758. However today's opening looks like Negative with 50-60 points gap down open as SGX Nifty is trading 60 points lower.

Markets will be volatile ahead of RBI Monetary policy, with 95 percent of analysts polled by CNBC-TV18 expecting a rate cut by the Reserve Bank. The decision will be due at 11 am.

Key areas for Nifty : Supports @ 7640 - 7580 and Resistance will be @ 7780 - 7800 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Team ATC.

Positive Start!!!

Indian shares are expected to start marginally higher, as a strong US jobs data on Friday lifted Asian equities today, offsetting weakness in oil prices.

Nifty is trading at daily resistance Zone of 7730 - 7780 - 7800 levels buying at this levels will be little risky.

Markets will be volatile because of RBI Monetary policy which will help tomorrow i.e, 5th April 2016. All eyes will be on Mr. Rajan RBI Governor.

Bias remains positive, and buying on dips will be advisable until Nifty holds 7600 - 7580 levels.

Supports @ 7660 - 7580 - 7520
Resistance @ 7760 - 7800 - 7840

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Team ATC.

On a weak note!!!

Markets are likely to open the first trading day of FY 2016-2017 on a negative note tracking global markets, as SGX Nifty is trading 37 points lower.

As Nifty is trading in overbought area since a week, we can expect some selling or profit booking at this levels.

Also on daily charts it has again given a Classic Divergence where the entry will be below 7600 - 7580 levels, and next supports will be at 7460 - 7400 levels and resistance can be seen at 7780 - 7800 levels.

Bias remains positive, and buying on dips will be advisable until Nifty holds 7600 - 7580 levels.

Trade with Strict Stoploss and with Proper Money Management.

Regards,
Mayur. S