For Monday i.e 2nd Sep, 2013

Bank Nifty Future

All Dips towards 8900 / 8950 must be bought with 55 Point Stop Loss i.e 8845/8895, the Stop loss must be trailed by 50 points after every 150 point move.  The likely target for the week is 9400-9600


Bank Nifty Spot

All Dips towards 8900 must be bought for a target of 9400-600 and 10000 in next 2 weeks. Stop loss handling same as above.

* Intraday & Daily updates must be noted for follow up action

Post for Monday Morning i.e 2nd Sep, 2013

Nifty Future


All Dips towards 5380 / 5400 Must be bought with stop loss of 5358 for a Target of  5600 during the week.


Trade must be trailed by moving stoploss after every 50 point upmove by 16 points.

Nifty Spot

All Dips towards 5410 / 5370 must be bought for 5600 during the week. 5380 below (EOD Close) is the stop loss for all trades.

* Intraday & Daily updates must be noted for follow up action

30/8/2013 2.15 P.M
Now revised 5350 (EOD Close below) will be the positional Stop Loss for Longs.


30/8/2013 11.00 A.M
Now 5380 (EOD Close below) will be the positional Stop Loss for Longs.

30/8/2013 8.35 A.M

Technically 5th may have started at yesterday's high. Please read the older posts to understand better.


Market May remain little weak today. All dips towards 5300-30 (Spot) must be bought positionally for 2/3 weeks.

Nifty Future

VAH - 5420
POC - 5384
VAL - 5347
POC (week) / Year - 5333 (Much mentioned is a big support)

Weak below 5384 and likely to attempt 5347
Strong above 5384 and likely to attempt 5420.


Nifty Spot

Below 5380 Weak.

Important
Please note that any close or maintaining below 5300 might force revision of the chart and considerations.  The long positions may have to be closed then.

30/8/2013 6.18 A.M

Larger Outlook

Nifty Likely to complete the down-move 1/2 days and a rally may unfold to

1) First Target -  5550
2) Second target -  5675
3) Third Target - 5800 (To be considered after confirmation in my later posts)
4) Fourth Target  - 6150 (To be considered after confirmation in my later posts)

The target (any one / two or all) may be achieved by Nov, 2013 / Dec, 2013 /Jan, 2014. The confirmation may be looked for in my future posts. Positionally 5300 is the mark above which the validity remains.

29/8/2013  8.50 A.M

Day Clues (For Intraday Calls look into Intraday)

Nifty Future
Vah 5227 (Not likely to visit today)
Vah (Prev. Day) 5383
Poc (Prev. Day) - 5330
Val (Prev. Day) - 5276

Please note that 5276 + things are only positive for Nifty Future

1st Target - 5330 /5333
2nd Target - 5360-75
3rd Target - 5395/ 5400

Trail the Stop loss by 22 points starting from 5276-22 = 5254

On the downside weakness below 5240 levels only, else all dips may be baught

Nifty Spot

Please be alert above 5318 at 5359/60 Area being Agni / 5 Ema, crossing that Nifty may rise towards 5385/95

Please note that 5275 + things are only positive for Nifty Spot,  Incidentally it is almost same as Nifty Future (Today being expiry Day).

EOD Post 28/8/2013 - 30 Min Chart

Nifty 30 Min