Nifty Update for March 6 - Inder Bhatia

The Indian market opened on a flat note and tumbled down and closed in the deep red zone. For the coming session we will kiss the lower trendline at 2561. If the Nifty trades below 2560 with volume then it could test the next lower level of 2495 zone. On the upside 2627 will act as a resistance zone.

Nifty Update for March 5 - Inder Bhatia

The Indian market opened on flat note and traded in a narrow range but closed in the green zone. For the coming session if Nifty trades above 2672 it could test 2710-2730. On the lower side 2601-2580 will act as support zone.

Nifty Update for March 4 - Inder Bhatia

The Indian market opened on a flat note and tumbled down in the last trading hour and closed in the red zone. For the coming session Nifty is heading near lower trend line support zone of 2580-2560. On the other side 2740 will act as a resistance zone.

Nifty Update for March 2 - Inder Bhatia

The Indian market opened on a huge gap down and drifted lower on weak global cues closing in to the red zone. For the coming session Nifty had closed dot near the support. Cracking below 2660 it could test 2580-2500 levels. On the other side 2790-2827 would act as a resistance zone.

Dow Jones Tonight for March 2 - Viral Joshi

Pivot is 7,125 and support is 6,900.

S1 7,050; S2 7,000; S3 6,950; and R1 7,125; R2 7,150; R3 7,200.

Above 7,125 Dow is positive and below 7,050 Dow is negative.

Nifty Future for March 2 - Viral Joshi

Pivot is 2710 and support is 2600.

S1 2710; S2 2680; S3 2650/2620; and R1 2720; R2 2740; R3 2760/2780;

Buy above 2720 and if it breaks 2735 then 2750 - 2765 - 2780.
Short below 2710 and if it breaks 2700 then 2680 - 2660 - 2640.

Daily moving averages:

5DMA 2756;
20DMA 2822;
50DMA 2869;
200DMA 3685.

Nifty Future Hourly 5th Wave Progressing - Rakesh Chandra

Market has behaved in the same way from last 3 weeks. Monday, market would be negatively biased due to the astro effect of of March 1-2, i.e. Mercury-Mars. On the hourly basis, the 5th down wave is progressing, and if trading obey the level strictly.

With stoploss 2,719 buy above 2,735.22 for weekly up target >2,762>>2,805>>>2,832.

With stoploss 2,735 next week short below 2,718.78 for weekly lower target >2,692>>2,649>>>2,622.

Weekend Nifty Views for March 2 - Manoj Bhagra

Nifty had done practically nothing, all through the last week. Take a look at the last weekly bar and you will know what I mean by Nothing! So far we have just avoided falling in tandem with S&P/DOW but I really wonder how long will we hold our own. The broad weekly range is shaded in blue.

I have very often commented that whenever the price stretches to far away from the MAs, it always reverts to the mean, or moves sideways so as to enable the MAs to come within striking distance to further enable a valid crossover or generate a reaction. I have illustrated this in the weekly chart below. All through last week we were talking about 2850 as a resistance to reckon with, well the 20-period MA on the weekly is right about there.



Like I mentioned earlier, nothing in particular to write about Nifty. The levels it seems are very clearly 2850 and 2700 for bullish and bearish bias respectively. The daily shows the coil which is almost defunct now since we have moved to close to the apex while we have the 20- and the 50-period MAs placed horizontally overhead to provide adequate resistance.


The hourly is a self-illustrating chart. Nothing to explain in there. The resistances are already marked with fibs and MAs. As regards to supports, the less said the better, because frankly there isn’t just any REAL support. Personally I wouldn’t be comfortable trading Nifty right now but for people who are positional long 2680-2700 is a good place for stops.



"Nothing great was ever achieved without enthusiasm." - Ralph Waldo Emerson

Nifty Update for March 2 - Inder Bhatia

The Indian market opened gap-down and drifted lower as GDP growth numbers came at 5.3 percent. This saw a U-turn in the final trading hour and a close marginally in red zone. For the coming session the market is trading in a narrow range of 2807-2670. On the larger scale Nifty is trading in a triangle. A close below 2670 could see the Nifty test 2560-2440. On the upside 2840-2902 will act as a strong resistance zone.