Nifty level 31st Oct

It seems upward movement is very unlikely today, please do not confuse with my previous post. Hence watch out for nifty level 5318 to 5325 for likly support, if it breaks in downward then 5280-5275 would give good support
Last upmove may possible only up to 5375

my level 5375>5350>5330>5320>5300>5280

Mind the Gap

Once again I am forced to write story with same title mind the gap, earlier was posted on 7th October
http://niftymama.blogspot.com/2011/10/gap-up-opening.html

Hope same rally again, my fingers are crossed this time.......

Love Dove this Diwali

I have used Dove products and want to share my experience with you all in the form of small poem
Which shows why I love Dove hair care

Happy diwali

Niftymama Wishes you and your family a very very happy and prosperous Diwali.....!!

Nifty Making Flag

Nifty absorbed successfully all bad news and RBI rate hike, as this hike was expected. Now good news is that it was last hike for the year. Nifty has consolidated well in the range of 5050 to 5150.
Nifty is trading now at 5130 again. Just wait till it cross 5140 and move higher, just chill........!!

Nifty level for Oct 25

Nifty Level for October 24, 2011

Nifty Level for Oct 21

Nifty created "W" for Win

Nifty has already created beautiful "W". It has created double bottom. 21 EDMA and 50 EDMA is about to bullish crossover, Bollinger Band has narrowed and stable for the last one month which is indication of rapid fire round from Nifty side.

Resting time for Bear

It's resting time for Bears now, Nifty is near a break out. If all goes well it will move unstopped till 5168. Major testing time then start in jone 5169<5258>5332

You can see in the following graph how Nifty is in making of cup and handle graph

Nifty outlook October 14, 2011

Nifty is at very crucial level and yesterday it could not pass resistance of 5120. In order to cross the resistance of 5169 Nifty now needs around 100 point on friday 14, 2011. Can it be possible ?? if yes why?

Gap up Opening

In last twelve years it was only 6th time that US market opened Gap up with more than 3%. What does it mean to world market? Do we are lapping in bull market again? or it is a false alarm?

Option Trading Strategies Oct 7, 2011

• Highest accumulation in Call option can be noticed at 5200 and Put option at 4700.
  
• Highest option has been added to 4400 put and 5100 call, which may define the range
• Support for Nifty comes around at 4700 level
• India VIX stand at 35.37

Happy Dussehra

Inverted Cup and Handle.....!!

If this is inverted cup and handle then Nifty will continue with the pattern, and if this is double bottom then it will bounce back looking similar to "W".

Nifty outlook October 5, 2011

Call Put Open Interest clearly showing where masses are looking for limit. Today's Fed chief speech is no short of any medicine to dying and hopeless market.

Baba Ben Bernanke

Federal Reserve Chairman Ben Bernanke told U.S. lawmakers that the central bank is ready to do more to help a U.S. economy and he was ready to take more steps to help the fragile recovery.

Interview with Nifty on October 4, 2011

Nifty is again taking very hard interview to qualify traders. Those who will stick to basics will get through it and others will simply curse their fate.
Today US market again closed in red with more than 2.5 % down, so what we can expect.

Nifty Target October 3, 2011

Hundreds of Occupy Wall Street protesters arrested, world fears and market looking further cue.
For the last one month, Nifty blindly following global cues and moving accordingly. For tomorrow I believe once again Nifty is ready to shed some points in the name of bad news from USA.

Remembering Bapu

JP Associate buy above 74.00

JP Associate is at very important level and struggling to break the resistance of 74.00
Right now stock is struggling at 100 DMA if it get past it will spike till 200 DMA which is 84.00