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Nifty closed at 3672. Again a closing above the RED channel which should see a breakout due to fundamental reasons at the centre. Nifty should achieve the first Monthly target of 3858 and if enough steam left can move till 4410. On the upside resistance seen at 3858 and 4150 area. On the downside 3507 and 3451 are great support areas. Major supports at 3451 [200 DMA], 3507 [20 DMA] and 3128 [50 & 100 DMA]. Upper circuit for Nifty today is 3972 which is 320 points.
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Nifty closed at 3635. Nifty still not able to create new monthly highs. A breakout of the RED channel can still face major resistance at 3775 above which Nifty can achieve the monthly target of 3858 on the upside and possibily higher till 4100 + levels. But a break of the small channel in Blue can open possibilities on the downside. Major supports at 3451 [200 DMA], 3507 [20 DMA] and 3128 [50 & 100 DMA].
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Nifty closed at 3621 again below 3626. Keep SL of 3662 on all your shorts. If Nifty trades above 3662 it can head towards monthly target of 3858.Till then we assume that Nifty is heading down towards weekly target of 3331 and monthly target of 2625. On the downside Major supports at 3451, 3433 and 3128.
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Nifty closed at 3470. Major support at 3451. This week above 3491 Nifty can touch 3806 and break of 3445 can take Nifty back to 3343. Supports on the downside are 3407 - 3377 - 3220 - 3028. Nifty's close above 3221 indicate that yearly target is 5861. A strong upside rally can be seen as far as 50 DMA also crossed 100 DMA.
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(11:10:10 AM): BUY/HOLD ONLY 1 DAY NATIONALUM FUT AT
201.55 TGT 204---206 SL BEL 198 CLOSING BASIS
(2:23:30 PM): OUR POSITONAL CALL NATIONALUM COMPLETES TGT1
NOW AT 204 BOOK 50%
(2:43:27 PM): OUR POSITONAL CALL NATIONALUM COMPLETES FINAL
TGT NOW AT 208 BOOK 75% SL REVISED 204 CAN DO 210—212
(2:52:56 PM): PLS BOOK FULL PROFITS IN POSITIONAL CALL :: NATIONALUM
NOW FUT AROUND AT 212--215
(3:22:28 PM): SEE OUR INTRADAY POSITIONAL CALL :: NATIONALUM
ON FIREEEEEEEEEEEEE NOW AT 216.9 BOOK FULL PROFITSSSSSSS ENJOYYYYYYY UP 11%
GIVEN AT 201.55
DATE
Scripts
Action
Entry
Target
Gain
Lot
Profit/Loss
13thMAR
NATIONALIM (POSITIONAL)
BUY (BOOK)
201.55
215
13.45
2300
30935/-
OUR LAST TARGET 215 AND ALL TARGET ACHIVED IN NATIONALUM FUT 201.55 OR (13.45) POINTS PROFIT
Rs.30935/-.
Nifty closed flat at 2763. Nifty should have closed above 2767 for weekly upmove. But major Resistance seen at 2777 and Support seen at 2662.
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Nifty closed at 2789. Support seen at 2777 and Resistance seen at 2847. Now for any upside move nifty should close above 2819 which is seen as the maximum upside for intraday. On the downside a cose below 2787 should see downside target of 2628. This view is valid only for today. This might change for next week with todays data. 20 DMA is still below 50 DMA which indicates bearishness. Usually corrections end at monthly average. Break and close below the monthly average of 2816 should take Nifty down to 2477.
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