Marching continues...

Personal View : Mayur Shah Education Instructor

As said in the last update that Nifty will continue it upside journey and also it close above the daily gap of 7323 - 7363 levels which is a good sign moving ahead.

Now a physiological level 7400 which will be eyed on. A close above 7400 levels will give confidence to bulls and after that we may see a journey towards 7500 - 7600 levels. And a close below 7400 will be sign of concern.

Bias for Nifty is still positive with resistance @ 7400 - 7480 - 7500 - 7570 - 7600 and key supports @ 7380 - 7340 - 7300 - 7240

Trade with Stoploss and with Proper Money Management.

Regards,
Team ATC.

Bulls attack!!!

Personal View : Mayur Shah Education Instructor

235 points Zoom after a long time, Post Budget Rally is likely to continue as expected, Nifty took support @ 6800 - 6850 levels and bounced sharply on Monday 29-Feb-2016 and it continue yesterday.

As said in the last update that if Nifty sustains above 7090 - 7100 levels will lead Nifty today 7200 - 7250, today it looks like that it will cross 7250 levels also in the opening trade as SGX Nifty is up by more 100 points.

We update with further levels once the markets settles and give some further direction, Also there's a small gap on daily chart of Nifty 7325-7363 levels, So let see whether it closes the gap or take resistance near this gap.

Trade with Stoploss and with Proper Money Management.

Regards,
Mayur

Roller Coaster Ride.

It was fun Watching Markets yesterday it remind me Roller Coaster ride.. In the morning markets were slight negative, After the budget started it hammered down badly till 6825 (~200 points in few minutes) and then its took u turn till 7095 (yesterdays high) and again it came down below 7000 and closed below 7000 mark.

As expected, yesterday was a volatile session where Nifty first tanked ~200 points and then covered back and it was trading positive by around 45 points and finally closed 42 points lower.

Well based on the charts it has pulled back aggressive from 6820-6800 levels which is a good sign for bulls, However, a close above yesterday high is important  going forward. If it closed above 7100 and settles above 7100 then we may a see uptick till 7200 - 7250 levels and above 7250 we may see 7300 - 7350 levels in coming days.

Plan of action for bulls will be wait until you a get a close or a sustain move above 7090 - 7100 levels for confirmation.

Trade with Stoploss and with Proper Money Management.

Regards,
Mayur

Khul ja sim sim!!!

Personal View : Mayur Shah Education Instructor

Every eye on FM Mr. Jaitley Budget box!!!

Nifty is likely to trade volatile today because of the main event - BUDGET 2016.

Key levels to watch out will be supports @ 6960 - 6870, for further upmove Nifty should not break 6960 - 6870 levels and resistance can be seen near 7060 - 7100 levels.

However, It will be volatile and stock specific session, it's advisable to wait and watch instead of jumping into the trade early and going wrong.

Trade with Stoploss and with Proper Money Management.

Regards,
Team ATC.

Fully Charged!!!

Hi Friends,

Bullish Engulf at the bottom, Support @ 7720 - 7680.

Nifty on weekly charts -

Bullish Engulf with Positive Divergence + RSI support @ 40 seems like bulls are back fully charged
Bottomed at 7720-7710 levels and from 3-4 trading session its trading positive, and today it successfully broken a crucial resistance of 7940-7950.

Crucial supports @  7710 - 7680 and Resistance at 8300-8340-8500-8560.

Happy trading, Trade with Stoploss and with proper Money management.

Will be positing soon.

Bearish Engulf at top!!!

Hi Friends,

Bearish Engulf on Top of the move,

After forming bottom @ 7500-7550 on 8-Sep, From 7550 Nifty touch 8300 (10%), Now its taking resistance of 8330 - 8360 and 200DMA is @ 8378-8380 which will be crucial levels for Nifty.

Nifty gave 10% upside movement since sep-2015, now on charts a stop is seen @ 8300 - 8330, A successive break below 8250 & 8200 will lead Nifty to 8130 - 8090 levels.

Active traders - trade with strict stoploss  and Investors just grab this opportunity for creating wealth.

Will be positing soon.

Festival sale is on!!!

Hi friends,

Festival has arrived with discount on STOCK MARKETS, where good stocks are trading at 25-30% discounts,

Technical View -

Index - On weekly charts of Nifty, Positive Candle RSI Divergence has occurred with resistance near 8000 - 8100 - 8230 and supports near 7650 - 7500 levels.

Medium term trade (2-3 months View) look for buying opportunities on various stocks.

Stock which i feel that can give 15-20 % move are - SBI, AXIS, LT, VEDL, Tatamotors
 
Will be posting soon.

Thanks.
Trade with SL & with proper MM.