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