Nifty falling knief

25 Aug 2015
Nifty move is just like falling knife, every time you go against trend, you get hurt badly.
Out mid-term level 7940 levels hit today.

We prefer to go sell on rise strategy, however for day traders important levels are 7878. One can look for best opportunity to enter around 7840-7860.
Mid-term we could see further lower levels 7520-7426 after one retracement.

Conclusion: Nifty should touch 7800-7723, till it's trading below 7885 levels.

…stockstopp(stockstopp@gmail.com)

Nifty heading southwards

21 Aug 2015

Nifty heading southwards with rapid speed.
After trading in a range for longer time, Nifty gave a breakdown of 8320.
Now for a mid term we go with sell on rise strategy and look towards 7940 levels, unless 8530 is not taken.

For day traders now some important levels are 8340 and look for best opportunity to short sell around 8295-8320.
Conclusion: Nifty should touch 8224-8200, till it's trading below 8340 levels.
Anti trending: Nifty should touch 8280-8300, till it's trading above 8199.

…stockstopp(stockstopp@gmail.com)

Nifty Dancing

Nifty rocking, hit 8498 -8520 as expected yesterday.

Today-Nifty made a low of 8426 and closed around 8495(+29) and made a high of 8520.

Nifty is moving in tight range of 8430-8530 and giving us a lot of surprises. Again FOMC statements today, should lead volatile movement tomorrow. However we stick to buy on dip for tomorrow expecting further higher levels and keeping tighter stop losses.

One can consider best entry around 8480-8490.

Conclusion: Nifty should touch 8530-8564, till it's trading above 8473 levels.

…stockstopp(stockstopp@gmail.com)

Nifty rocking, hit 8498 -8520 as expected yesterday.

Today-Nifty made a low of 8426 and closed around 8495(29) and made a high of 8520.

Nifty is moving in tight range of 8430-8530 and giving us a lot of surprises. Again FOMC statements today, should lead volatile movement tomorrow. However we stick to buy on dip for tomorrow expecting further higher levels and keeping tighter stop losses.

One can consider best entry around 8480-8490.

Conclusion: Nifty should touch 8530-8564, till it's trading above 8473 levels.

…stockstopp(stockstopp@gmail.com)

Nifty range bound

For 19 Aug 2015

Looking at demand and seriousness of my Nifty view, I will try publish very soon on publich domain. 

Today-Nifty made a high of 8525 and closed around 8466(-11) and made a low of 8434.

Nifty is giving surprises nowadays. We see Nifty in a range bound movement with bullish bias.However we stick to buy on dip for tomorrow expecting further higher levels.

One can consider best entry around 8450-8430.

Conclusion: Nifty should touch 8498-8529, till it's trading above 8415 levels.

…stockstopp(stockstopp@gmail.com)

Nifty in bear grip

For 13 Aug 2015

Today-Nifty made a high of 8447 and closed around 8349(-113) and made a low of 8338.

Nifty is making lower top lower bottoms and it is almost near to previous strong support 8320 levels.
However we stick to sell on rise strategy for tomorrow expecting further lower levels.
One can consider best entry around 8380-8400.

Conclusion: Nifty should touch 8317-8309, till it's trading below 8435 levels.

…stockstopp(stockstopp@gmail.com)

Nifty range bound

For 10  Aug 2015

Today-Nifty made a high of 8595 and closed around 8565(-24) and made a low of 8553.

Now opening of Monday looks important for nifty momentum. Nifty looks range bound, keeping a range of 8500-8600 in mind.

Conclusion: Nifty should touch 8624-8646, till it's trading above 8500 levels.

…stockstopp(stockstopp@gmail.com)

Nifty Rocking

For 07 Aug 2015

Nifty rocking, hit 8606.

 Today-Nifty made a low of 8552 and closed around 8588(+20) and made a high of 8606.

Today we should go with buy on dip strategy, , looking at current momentum of nifty. However market looks tired, profit booking at higher level should be done, keeping aggressive sl of 8570. Best entry to can be around 8580-8600. Volatility can be expected today.

Conclusion: Nifty should touch 8624-8646, till it's trading above 8548 levels.

…stockstopp(stockstopp@gmail.com)

Nifty rocking after RBI policy

For 06 Aug 2015

Nifty rocking, hit 8564 -8591 as expected yesterday.

Today-Nifty made a low of 8548 and closed around 8568(+52) and made a high of 8592.

Today we should go with buy on dip strategy, , looking at current momentum of nifty. However market looks tired, profit booking at higher level should be done. Best entry to can be around 8560-8580.

Conclusion: Nifty should touch 8624-8646, till it's trading above 8555 levels.

…stockstopp(stockstopp@gmail.com)

Nifty volatile session

For 05 Aug 2015

Nifty rocking, hit 8564 as expected yesterday.

Today-Nifty was having volatile session, made a high of 8564 and closed around 8517(-26) and made a low of 8449.

Today volatile session due to rate cut decision by RBI, made a little confuse, however one should go with buy on dip for higher levels(8598), looking at current momentum of nifty.

Since we are waiting for confirmation, one can go with lighter position to maintain risk.

Best entry to can be around 8510-8530.

Conclusion: Nifty should touch 8564-8598, till it's trading above 8478 levels.

…stockstopp(stockstopp@gmail.com)

Nifty upmove should continue

For 04 Aug 2015

Nifty rocking, hit 8400-8460 as expected earlier.

I could not post view, since I was out of town in last week.

Today-Nifty made a low of 8507 and closed around 8543(+10) and made a high of 8563.

Nifty is moving higher by making higher top higher bottom formations, indicating uptrend intact.
However one should go with buy on dip for higher levels(8598), looking at current momentum of nifty. We will not be surprised, if we see nifty trading 40-60 points lower from current closing.
Best entry to can be around 8510-8490.

Conclusion: Nifty should touch 8564-8598, till it's trading above 8450 levels.

…stockstopp(stockstopp@gmail.com)