Friday, February 25, 2011

Nifty 25 Feb 2011

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Thursday, February 24, 2011

Nifty 24 Feb 2011 - Expiry Chart

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Nifty February 2011 - Monthly Chart


Wednesday, February 23, 2011

Tuesday, February 22, 2011

Monday, February 21, 2011

Friday, February 18, 2011

Thursday, February 17, 2011

Wednesday, February 16, 2011

Tuesday, February 15, 2011

Monday, February 14, 2011

Saturday, February 12, 2011

February Intraday Charts - Second week 07 Feb - 11 Feb 2011

Updating the intraday charts for ready reference at later stage

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Saturday, February 5, 2011

February Intraday Charts - First week 31 Jan - 04 Feb 2011

Updating the intraday charts for ready reference at later stage

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Tuesday, February 1, 2011

Bears continue to hold Nifty below 200 DMA after the expiry week...

The expiry week was predicted to be more of bearish than bullish and the last two sessions saw Nifty correcting heavily and closing at month's low for the January series. On friday last the down move continued and bears pushed markets well below the 200 DMA of 5620 levels.

Market is still under bearish influence in the short term and might test the levels of 5373 which would offer some support and then see a bounce again towards the 200 DMA levels. Overall there might be consolidation around the levels of 200 DMA for quite sometime before market can take further direction.

Option data is slowly witnessing increase in open interest in both the near strike puts and calls, with 5400 put having the maximum around 76 lakhs. The volume PCR is swinging around levels of 1 indicating a neutral stance.

If 5373 level is left untested and market goes for a bounce, then there might be heavy corrections in the short term on each up move. Overall it is a buy on test of 5354 levels and a sell around 5649 levels.

Resistance levels : 5559, 5616, 5649

Support levels : 5453, 5373, 5354

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