Nifty Future for Jan 2 - Viral Joshi

Pivot is 3000 and support is 2980.

S1 3020; S2 3000; S3 2980; and R1 3050; R2 3080; R3 3100/3150;

Buy above 3050 and if it breaks 3080 then 3100 - 3120 - 3150.
Short below 3040 and if it breaks 3020 then 3000 - 2980 - 2950.

Daily moving averages:

5DMA 2950;
20DMA 2925;
50DMA 2874;
200DMA 4070.

Nifty Future for the Week Jan 5-9 - Rakesh Chandra

Sometime back we have projected Nifty advance chart (below right) , and the current chart is following the previous one exactly. As wave has unfolded let us do more micro chart pattern analysis (left).
The major wave direction is downward. Still we cannot say on a weekly basis the 4th wave has completed. On the broader chart pattern it may form triangular chart pattern.

The current d wave downward then we would see an e wave upward, and then completion of 4th wave (of a 5-wave series).

With stoploss 3,083, short below 3,043.27 for lower target >2,979>>2,875>>>2,811.

Nifty Future for January 2 - Rakesh Chandra

The market is behaving in the same way as pointed out in the earlier report. Now the market is near the upper resistance line. It requires one more day to trade and confirm change. In the later part of the day momentum was strong. It looks like we will cross or touch the boundary line. Then we would have both side possibilities for market movement. Let the market give a clear trend first then we will play accordingly.

Stay long with stop loss. Those stocks that did not perform earlier would do better.

With stoploss 3,039 buy above 3,051. for target >3,072>>3,105>>>3,125.

With stoploss 3,052 short below 3,039.39 next day with lower target >3,019>>2,986>>>2,966.

Nifty Update for January 2 - Inder Bhatia

The Indian market opened on a positive note and traded in a narrow range. We saw a smart breakout and closed near the day's high and in the green zone. For the coming session we could test the 3054-3090 zone. On the lower side 2990 would act as a support zone.

Dow Jones Tonight for January 1 - Viral Joshi

Pivot is 8,780 and support is 8,600.

S1 8,750; S2 8,700; S3 8,650; and R1 8,780; R2 8,800; R3 8,850.

Above 8,780 Dow is positive and below 8,750 Dow is negative.

Nifty Future for January 1 - Viral Joshi

Pivot is 2965 and support is 2900.

S1 2950; S2 2920; S3 2900; and R1 2975; R2 3000; R3 3020/3050;

Buy above 2975 and if it breaks 2985 then 3000 - 3020 - 3050.
Short below 2970 and if it breaks 2950 then 2940 - 2920 - 2900.

Daily moving averages:

5DMA 2929;
20DMA 2893;
50DMA 2886;
200DMA 4089.

Dow Jones Tonight for December 31 - Viral Joshi

Pivot is 8,600 and support is 8,550.

S1 8,650; S2 8,600; S3 8,550; and R1 8,680; R2 8,700; R3 8,750.

Above 8,680 Dow is positive and below 8,650 Dow is negative.

Nifty Future for December 31 - Viral Joshi

Pivot is 2955 and support is 2900.

S1 2955; S2 2920; S3 2900; and R1 2975; R2 3000; R3 3020/3050;

Buy above 2975 and if it breaks 2985 then 3000 - 3020 - 3050.
Short below 2970 and if it breaks 2955 then 2940 - 2920 - 2900.

Daily moving averages:

5DMA 2929;
20DMA 2893;
50DMA 2886;
200DMA 4089.

Nifty Future for December 31 - Rakesh Chandra

The Nifty 5-min chart analysis shows a simple 1-2 down wave, hence the 4th downwave would be a complex corrective, which was formed yesterday morning.This complex wave was in a triangular shape within a triangular 5-wave series, which has been completed.

Now, the 5th up wave is in progress. The max extension of this 5th upwave is the 3020 area. Then again, an ABC corrective will be in progress.

With Stoploss 2,968, buy above 2,983.24 with up target >3,008>>3,049>>>3,074.

With Stoploss 2,983 short below 2,967.76day with lower target >2,943>>2,902>>>2,877.

Nifty Update for December 31 - Inder Bhatia

The Indian market opened on a positive note drifted lower in the afternoon session but saw a smart recovery in the later session. The Nifty closed in the green zone. For the coming session if the Nifty trades above 2999 it could test 3031-3053. On the lower side 2944 will act as a support zone.

Dow Jones Tonight for December 30 - Viral Joshi

Pivot is 8,450 and support is 8,300.

S1 8,450; S2 8,400; S3 8,350; and R1 8,500; R2 8,550; R3 8,600.

Above 8,500 Dow is positive and below 8,450 Dow is negative.

Nifty Future for December 30 - Viral Joshi

Pivot is 2900 and support is 2880.

S1 2920; S2 2900; S3 2880; and R1 2940; R2 2960; R3 2980/3020;

Buy above 2920 and if it breaks 2940 then 2960 - 2980 - 3020.
Short below 2920 and if it breaks 2900 then 2880 - 2860 - 2840.

Daily moving averages:

5DMA 2941;
20DMA 2881;
50DMA 2897;
200DMA 4099.

Nifty Update for December 30 - Inder Bhatia

The Indian market opened on a weak note and saw a smart pullback in the afternoon session, to close in the green zone. For the coming session if Nifty trades above 2943 it could test 2985-3010 zone. On the lower side 2830 will act as support zone.

Nifty Future for Week Dec 29-Jan 2 - Rakesh Chandra

On the daily chart, the Nifty is showing a triangular pattern formation. The evidence says that a somewhat bullish pattern is forming. This will confirm when the Nifty crosses the weekly bullish level.

If the bullishness gets confirmed, then this may continue for some days. The change in direction of either side is show in the chart.

With stoploss 2,860, buy Nifty future above 2,897.92, for weekly up target 2,959 >>3,058 >>>3,120.

With stoploss of 2,898, short Nifty future below 2,860.08, for a weekly lower target of 2,799 >>2,700 >>>2,638.