Nifty Intraday Oct' 12th

Nifty Spot 
Buy at / above: 4987.89   Targets: 5003.05 - 5020.75 - 5038.47 - 5056.23 Stoploss : 4970.25
Sell at / below: 4970.25   Targets: 4955.11 - 4937.53 - 4919.97 - 4902.45 Stoploss : 4987.89


INFY was a great call for yesterday. We sincerely appreciate all your emails and notes.

Nifty has now become bullish and we expect it to touch 5130 within the next 2 days. Infosys results still worry us to a certain degree however Bank Nifty (9178) has now turned bullish and the next resistance comes in @ 9500 which could compensate for the heavy weights losses. LT and SBIN could show some promising and violent upmoves.
SBIN
Buy at / above: 1774.51   Targets: 1784.16 - 1794.74 - 1805.34 - 1815.98 Stoploss : 1764
Sell at / below: 1764   Targets: 1754.39 - 1743.93 - 1733.5 - 1723.11 Stoploss : 1774.51

CLOSE YOUR SHORT POSITIONS FOR THE TIME BEING. 

Nifty Intraday September 20th

For the past 2 weeks Nifty has  supported 4912 which now has become and important swing low. BREAK THIS and we could see it come down by another 200 points as we are now trading in a 240 point range (4912-5152)


Close below the monthly open of 5109 would create a new bearish outlook for the short term. 


Nifty's trend deciding level is 5046 


As we had expected yesterday the market sank by almost 50 points but there  was hardly any movement in any of the scripts. Nifty  could open lower but we are fairly optimistic about the day being strong and in an upward movement. 


Buy at / above: 5041   Targets: 5056 - 5074 - 5091 - 5109 Stoploss : 5023

Sell at / below: 5023   Targets: 5008 - 4990 - 4972 - 4955 Stoploss : 5041

Nifty Intraday September 19th

NIFTY  - The market may experience some form of bearishness and low confidence levels. The general public may await what the crowd is doing after the RBI hiked its rate for the 12th time by 25 bps on friday, the gains of today may be taken away by minor corrections over the trading day - we do see a strong midweek – 

Buy at / above: 5094.39   Targets: 5109.69 - 5127.57 - 5145.48 - 5163.43 Stoploss : 5076.56
Sell at / below: 5076.56   Targets: 5061.29 - 5043.52 - 5025.77 - 5008.06 Stoploss : 5094.39


SBIN has now moved out and come in a bullish form on an intraday basis 1992 would be a strong resistance point for SBIN - overall the script has now gained some strong forces and shall be on the rise overall .

Buy at / above: 1947.01   Targets: 1957.08 - 1968.15 - 1979.25 - 1990.39 Stoploss : 1936
Sell at / below: 1936   Targets: 1925.97 - 1915.01 - 1904.09 - 1893.19 Stoploss : 1947.01