4648 works AGAIN

I had very very clearly mentioned here, in last two days about the importance of 4648..as a LEVEL TO WATCH...time and again ,levels mentioned here have been working so nicely...these levels are choosen by me with different viewpoints at different times,,,sometimes they are simple high/lows,sometimes other innovative methods.

Anyways i m pleased with the way, my readers are getting benefits of these LEVELS.

AS usual..after the crash,,nifty took support at around 4648..bounced back,,my system was bit late in generating buy calls, but when it gave a buy call,,there was no looking back.chart in the previous post ,was posted here in live markets.

A GOOD weekly close, suggests ,we are in for my important targets of 4830---16300.

theres a review of 14 stocks ,,in which my system gave buy calls ,on the last week,is pending.

will have a look at it tomorrow.

NIFTY BUY-SELL CALLS ON 1 MIN CHART

NIFTY TRENDLINE SUPPORTS

r-cap buy in 5 min...keep sl at lows of a few bars back

NIFTY TREND

nifty today

r-cap leads the rally

4648 WORKS FOR THE FIRST HOUR

NIFTY at the weak open made a low around the support level, 4648..mentioned yesterday...but the up move there after ,does not sem to have much power...and on the upside,,around 4700 is proving tobe a bigger hurdle now...so for traders a close above 4719, would be an area to enter long...while for short term traders, 4648 will be the level to enter short.

watch 4648 for nifty

bhavesh naik: this 2 days small range can prove tobe...a base before blast.....which can simply ignore prior resisances around 4720

bhavesh naik: watch 4648 for that to happen

above 4693...tgt 4719

above 4693...tgt 4719....as i cant match my system in posting on blog in rt

nifty sl 4669 for intraday

MY TRADING SYSTEM BUY CALLS

FEEDBACK FROM EACH AND EVERY READER OF MY BLOG NEEDED

HI, ALL...i have been blogging since jan-2008...when my analysis suggested a deep-cut...since than , i have been trying my best to analyse the market,,in my innovative ways..sometimes very conventional ta has also helped me. so manytimes its my unique TRADING SYSTEM...which has helped me a lot , in predicting a move, with max accuracy.
MY marketting skills are ver very poor.i have posted a few 1 min-1 hour nifty charts, with live markets today,,,all with sell-buy calls as per my system...eventhough having such good system,,i havnt marketed it skillfully.
as , i feel using this system will be a very very good tool for every trader,,i am planning a small step ahead..planning a website..and if possible..want to include my system in rt( with buy-sell calls) in live markets.with a chat box, and my real time analysis...it will include nifty+ active few stocks.short/med. term calls+ small/midcaps with a chat-box..and user id-password for readers.with a very very nominal monthly fees.
but before taking a step ahead...i sincerely urge my readers to share their opinion and willingness to subscribe.i urge all readers to share opinion.
can add bhoom2tika in ym or can mail at bjnaik@hotmail.com, or at bhoom2tika@gmail.com

NIFTY BUY CALL

nifty buy call on hourly chart

MY TRADING SYSTEM TODAY.

NIFTY LEVELS TO WATCH TODAY

A CLOSE ABOVE 4619 ..TGT 4830 STILL INTACT

I have been mentioning levels of 4350-4380 as crucial supports, since 15 days.three times in last 2 weeks, bears tried their best to control the markets n bring it below these levels, but supports were so strong, that bulls ultimately, succeded in moving nifty past 4424 first and than gave a decisive close above 4494...even this resistance level worked so nicely three times.
NOW WHAT ??? a close above 4619, will definitely confirm that markets have discounted,bad rains.and nifty will hit the tgts of 4830..and than 5190.
AS i had posted chart patterns...which are BULLISH CONTINUATION PATTERNS in major pivotals......if in coming days...these patterns confirm break-outs on the upside..5190 will not be a DREAM ANY MORE.
but, readers must remember, that BREAKOUTS ARE IMPORTANT.
I had also posted lot of charts with buy calls on WEEKLY charts, as per my trading system..time will tell us how they perform.

SENSEX---NIFTY LEVELS TO WATCH ON THE UP-SIDE

BULLISH CONTINUATION PATTERNS IN MAJOR PIVOTALS

MY TRADING SYSTEM::::::WEEKLY BUY CALLS

NOW 4494 WORKS AS A RESISTANCE

Yesterday,early morning..i wrote this

"as PER MY study..a move above 4424..and than a close above 4494..will create a strong upmove.and will confirm a strong HIGHER BOTTOM FORMATION ( first bottom at 3916), in nifty."
with an unexpected strong upmove rally...which crossed 4424 instantly..stayed around 4475 for the whole day..gave one buying opportunity for intraday players...but again nifty just couldnt cross the level mentioned here..4494..nifty couldnt cross this level..made a high of 4492..and came down sharply in the last 30 odd minutes.
THIS is a perfect exapmle of sideways markets...which is very lackluster..for positional traders this period is like a nightmare.
TODAY being the last day of the week..its very important..for nifty to atleast give a close above 4425..which can atleast suggest that..theres strong buying coming at lower 4350-4380 band.
I had already mentioned that..we may be in a dull phase for atleast a month..15 days already gone, in a very small range.
watch a close above 4494 or a fast downmove below 4350.

A CAUTION !!!!

MY blog readers , must remember..that we at present are in a SIDEWAYS market..it CAN be an ACCUMULATION or A DISTRIBUTION phase...only time will tell us,what it is..
UNTIL yesterday 4350 has worked as a support..but ,if it is not going to work as support, on any day...nifty will not close above 4494.and any move below 4350 , now,will be difficult for bulls.
so. 4350 must be remembered as a level of caution..if you are bullish.

4350-4360 STILL WORKS

After the 192 points crash in nifty the other day,,it was an easy task to accept ,that the market,is in a strong bear grip, and will fall further, ti find another support levels.

BUT ..A STRONG "NO"...was the answer came from the market itself...when it opend up without any downside gap..and after giving another test at 4350-4380 zone...started to rally.

THE rally faltered at 38.2% retracement levels around 4490...yesterday.. after a STEADY open,,crashed again...only to take support back at levels mentioned here..NF broken a bit, was NIFTY ..REMAINED ABOVE 4359.

as PER MY study..a move above 4424..and than a close above 4494..will create a strong upmove.and will confirm a strong HIGHER BOTTOM FORMATION ( first bottom at 3916), in nifty.

4359 IN DANGER...WATCH NIFTY TRIANGLE

4350 is the level to watch again.

4350-4380 STRONG SUPPORT WORKS FOR NIFTY

On tuesday, i mentioned a level of 4509 for nifty as a resistance, and after all volatility, nifty touched 4510(future 4515) and crashed to 4430 around,,,a real selling presuure was seen.
On the same day, imentioned to support levels , a band of 4380-4350...yesterday, while markets were dragging down as with global cues,,a spark came with strong iip data,,but than nifty again came down to the supports at 4350(future low 4351)..nifty made a low of 4359..and a slow recovery started..than the recovery turned into a smart one..picked up momentum, in the last haslf n hour......at the eod, turned out tobe a strong hammer like pattern in indices, and major pivotals.
NOW, this candle pattern needs a FOLLOW-UP , TO CONFIRM THE BOTTOM.
a close above 4562..could make 4359 be a good bottom for now.

watch 4380-4350 for nifty

The fall expected from the top around 4700..is converting itself into a real threat for the bulls,,somehow, in my opinion yesterdays low around 4380, should held,on the closing basis.
there are strong supports in the band of 4350-4380.
a faster rally beyond 4509, only will confirm the strenth of bulls.
i think todays close should be very crucial,,but after such massive falls for 3 consecutive days,suggests that we may only have a corrective rally,before we can see further downside upto,4150-4250 band,before one good upside rally.
in anycase for me 3916 should be considered as a rock-bottom.and for the coming 1 month atleast, watch 1715 around for reliance as a TREND DECIDER level for india markets.
Readers have habit of forgetting such levels , mentioned here..but i request all readers to take serious note of this reliance level.
i have had some problems with my systems,,so cant upload any intraday charts of yday.

MY TRADING SYSTEM: 5 MIN CHARTS SELL CALLS