http://generalhardwaresupplyco.blogspot.com/
Day resistance at 5080 and 5120
Day support at 5030 / 4980 / 4920
Stop loss for short 5120 ... last hope for bulls 4980
Nifty 100 day EMA :: 5104
Nifty 200 day EMA :: 4888
Weekly Resistance :::: Close Above 5196 target 5297 / 5381 ::: Stop loss 5110
Weekly Support :::: Close Below 5008 target 4925 / 4824 ::: Stop loss 5110
Note: IMP :: Must Read (if we are unable to update live during market hrs)
If in a case nifty try to hit / come near 4980 and does not sustain below the same
on bounce back just exit from short's on nifty future or any other stock future
and wait for higher levels for re-entering...... will keep on updating
as such time does not wait for anyone so have to keep an active eye on the market watch
wish you all best
Still we keep our target of 4900 on nifty intact
closing basic nifty is not below 4830 ... intraday may be possible
Start buying near / below 4900 level's all four stocks we have recmd level & trg on blog
Nifty Main Point – 5116 (Futures)
Nifty can touch - (Futures)
Above the mentioned levels bulls - 5145 - 5175 - 5221 - 5266 - 5296 - 5325
Below the mentioned levels bears - 5070 - 5025 - 4995 - 4966 - 4920 - 4875
Nifty can try to hit
Above 5125 > 5147 > 5166 > 5234 > 5250
Below 5042 < 5025 < 5001 < 4934 < 4922
For the Session
Nifty Main Point – 5114 (Futures)
Nifty can touch - (Futures)
Bulls Magic above - 5142 - 5171 - 5214 - 5258 - 5286 - 5314
Bears Magic below - 5070 - 5027 - 4999 - 4970 - 4927 - 4883
MOST IMP LEVELS - 5212 Shorts
NIFTY LEVEL FOR 17-05-2010
NIFTY STRONG ABOVE 5134
WEEK BELOW 5114
SUP 5069 5036 4999 4977 4958
RES 5101 5119 5134 5149 5170
Cash Nifty weekly Movement
17 to 21 May 2010
Nifty can bounce from 5009 target 5111 (sl close below 4982)
Close above 5097 target 5195
Close above 5142 target 5257 5297 5328
Close below 4982 target 4911 4823 4796
This is my personal view trade your own risk only
all above levels are not for intraday
Ravi Transited to Vrushabh Rashi and Shukra transited to Mithun to
form ‘Yuti’ with Ketu this week. Wakri Shani is present in Kanya
and Mangal in Kark . Rahu in Dhanu are in ‘SHADASTAK’ to Ketu &
Shukra in Mithun and Budh which is gone ‘ Margi’ on 12th May is
present in Mesh. Guru which is transited in Meen on 2nd May to
Form ‘SHADASTAK’ to Shani in Kanya . Also on 23rd May Shani-Guru r
forming ‘Pratiyog’ . All these combinations are favoring Bears only .
Second half of May'10 will be more Bearish, there are some Bullish
days which should be used for exiting Long and going Short on Rise.
Ultimate Target is 4800 and 4600 upto Friday or expiry .
Disclaimer :- Above viewpoints are expressed by a Astro professional on Nifty.
BSE Index (16994.60) :- The BSE Index is on its southward journey from its
top level of 18047.86 Market shows neutral position on daily basis, oversold
position on weekly basis and overbought position on monthly basis. According to
gain turning cycle the top level of 17537 on upward side and the level of 16684
on downward side are the main support. On upward side market may face the
resistance of 17390, 17450 and 17536. On southward side the level of 16765
and 16684 will be main support, but if it plunges below the level of 16684 then
the bottom level of 16550, 16400 and 16360 will be another support. Investors,
selling in panic situation, are advised to be cautious.
Nifty Future (5083.65) :- The Nifty future Index is too on its southward path
from its top level of 5398. Market shows neutral position on daily basis, oversold
position on weekly basis and overbought position on monthly basis. According to
gain turning cycle on upward side 5245 and on downward side 4976 are the main
levels. Beyond the level of 5218 the level of 5245 will be main support. On
downward side below the level of 5088 the level of 5043 and 4976 will be main
support, but if it plunges below the level of 4976 then the level of 4950 and 4893
may be another support. Investors, selling in panic situation, are advised to be
very cautious.
Day resistance at 5080 and 5120
Day support at 5030 / 4980 / 4920
Stop loss for short 5120 ... last hope for bulls 4980
Nifty 100 day EMA :: 5104
Nifty 200 day EMA :: 4888
Weekly Resistance :::: Close Above 5196 target 5297 / 5381 ::: Stop loss 5110
Weekly Support :::: Close Below 5008 target 4925 / 4824 ::: Stop loss 5110
Note: IMP :: Must Read (if we are unable to update live during market hrs)
If in a case nifty try to hit / come near 4980 and does not sustain below the same
on bounce back just exit from short's on nifty future or any other stock future
and wait for higher levels for re-entering...... will keep on updating
as such time does not wait for anyone so have to keep an active eye on the market watch
wish you all best
Still we keep our target of 4900 on nifty intact
closing basic nifty is not below 4830 ... intraday may be possible
Start buying near / below 4900 level's all four stocks we have recmd level & trg on blog
Nifty Main Point – 5116 (Futures)
Nifty can touch - (Futures)
Above the mentioned levels bulls - 5145 - 5175 - 5221 - 5266 - 5296 - 5325
Below the mentioned levels bears - 5070 - 5025 - 4995 - 4966 - 4920 - 4875
Nifty can try to hit
Above 5125 > 5147 > 5166 > 5234 > 5250
Below 5042 < 5025 < 5001 < 4934 < 4922
For the Session
Nifty Main Point – 5114 (Futures)
Nifty can touch - (Futures)
Bulls Magic above - 5142 - 5171 - 5214 - 5258 - 5286 - 5314
Bears Magic below - 5070 - 5027 - 4999 - 4970 - 4927 - 4883
MOST IMP LEVELS - 5212 Shorts
NIFTY LEVEL FOR 17-05-2010
NIFTY STRONG ABOVE 5134
WEEK BELOW 5114
SUP 5069 5036 4999 4977 4958
RES 5101 5119 5134 5149 5170
Cash Nifty weekly Movement
17 to 21 May 2010
Nifty can bounce from 5009 target 5111 (sl close below 4982)
Close above 5097 target 5195
Close above 5142 target 5257 5297 5328
Close below 4982 target 4911 4823 4796
This is my personal view trade your own risk only
all above levels are not for intraday
Ravi Transited to Vrushabh Rashi and Shukra transited to Mithun to
form ‘Yuti’ with Ketu this week. Wakri Shani is present in Kanya
and Mangal in Kark . Rahu in Dhanu are in ‘SHADASTAK’ to Ketu &
Shukra in Mithun and Budh which is gone ‘ Margi’ on 12th May is
present in Mesh. Guru which is transited in Meen on 2nd May to
Form ‘SHADASTAK’ to Shani in Kanya . Also on 23rd May Shani-Guru r
forming ‘Pratiyog’ . All these combinations are favoring Bears only .
Second half of May'10 will be more Bearish, there are some Bullish
days which should be used for exiting Long and going Short on Rise.
Ultimate Target is 4800 and 4600 upto Friday or expiry .
Disclaimer :- Above viewpoints are expressed by a Astro professional on Nifty.
BSE Index (16994.60) :- The BSE Index is on its southward journey from its
top level of 18047.86 Market shows neutral position on daily basis, oversold
position on weekly basis and overbought position on monthly basis. According to
gain turning cycle the top level of 17537 on upward side and the level of 16684
on downward side are the main support. On upward side market may face the
resistance of 17390, 17450 and 17536. On southward side the level of 16765
and 16684 will be main support, but if it plunges below the level of 16684 then
the bottom level of 16550, 16400 and 16360 will be another support. Investors,
selling in panic situation, are advised to be cautious.
Nifty Future (5083.65) :- The Nifty future Index is too on its southward path
from its top level of 5398. Market shows neutral position on daily basis, oversold
position on weekly basis and overbought position on monthly basis. According to
gain turning cycle on upward side 5245 and on downward side 4976 are the main
levels. Beyond the level of 5218 the level of 5245 will be main support. On
downward side below the level of 5088 the level of 5043 and 4976 will be main
support, but if it plunges below the level of 4976 then the level of 4950 and 4893
may be another support. Investors, selling in panic situation, are advised to be
very cautious.
