Looking towards 5300

If Nifty keeps it closing above 5100 & doesn't close below 5000 it will maintain it's up trend.Touching 5300 will not be a problem this time.

The bounce was excellent

Nifty bounnced the back very sharply.It may cross 5182 this time.If it crosses 5182,next target would be 5300.

Except Gulf Jerk every thing is ok

As mentioned in my previous post in this blog,nifty is going up in high bullish mode.Only Gulf news has given us a good jerk of 300 points fall in nifty.As mentioned,nifty has touched 5179(almost 5181).

Now it is marching towards 5300.Have a S.L OF 5144C on all your longs.

Nifty is going up in high bullsh mode

Nifty is going up in bullish mode.As mentioned in this blog,it may touch 5180 in coming days.Keep 5104 closing as S.L on all buys.

nifty resistances/supports

Have 5054c as S.L for your sells,if closes above 5054,it may touch 5181 in coming days.

Nifty spot has to close above 5036.10 to go up.Move up S.L to 4875 on all longs.If closes below 4875,then it may touch 4865.

Book profit in N.F at 4980 & in Bank nifty at 9140.Nifty one goes/trades below 4950 for 1/2 hour it may fall further.

Sell N.F at 5010 with 5035 as S.L,SELL BANK NIFTY FUTURES AT BELOW 9180 9225 AS S.L.

Time 12.25pm

As mentioned in this blog yesterday,nifty has not broken support of 4923 today.It bounced back from 4924 low.If trades above 5030-5050 for an hour tomorrow & closes above that,next resistance will be 5181.Change the S.L to 4950 on closing basis & hold longs.

Very good site which explained indicators very easily

http://www.babypips.com/school/parabolic_sar.html

Have a visit to this site.All technical indicators are explained in a very simple manner.You can understand them easily.Explanation is very simple,no boring matters & where they will work and where they will not work also been explained.

If market closes/trades above 5051 tomorrow,it is expected to touch previous 52 week highs.Have 4923 as S.L & hold your longs.

As mentioned yesterday,it (N.F) exactly touched 4950.AFTER 4836 support,4766 will act as a strong support.There chances that nifty/N.F may touch 4766 on down side.

Nifty may face resistance at 5034.

Today nifty closed almost at day highs.Nifty is going to touch 4950.Parabolic SAR has given a buy signal.You can buy nifty by keeping 4836 as S.L on closing basis.

As mentioned in this blog yesterday positive trend continued today also.

Staying above 4808 is important for monday.4867-4875-4940 are the next resistances.Difficult to guess the trend now.Wait for a close above 4951.

As posted yesterday in this blog, market gained further today & closed in positive.Only because of global cues it opened in negative.If nifty closes above 4794 tomorrow,we can expect some more upside.4880 & 4950 are crucial resistance for nifty.

I was out on my personal work today.I will try to put my calls tomorrow during trading hours.

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Wednesday, November 4, 2009 4:12 PM

From:

"J.V.N.Reddy"

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To:

"anandreddy vanasthalipuram" , "Dr.Anil kumar" , "keshavvoora" , "kumar vgs new" , "lvkumar" , "narsimha vgs" , "VGS MURALI" ... more

MARKET CLOSED AT DAY HIGH.AND PREVIOUS BLUE CANDLE IS COVERED BY WHITE CANDLE.BULLISH ENGULPHING PATTERN.U CAN EXPECT SOME MORE UPSIDE TOMORROW. jvnreddy The above msg has been sent to my friends at 4.12pm today.Tomorrow onwards u can see on line buy/sell calls for nifty & bank nifty in this blog.