UPTREND RESUMED

Trend up as long as it trades over NF 4878 for target 4936-4952 though we are again walking into resistance zone.Next monthly resistance Nf 5000

DOJI PATTERN

Nifty has been trading in small range forming Doji pattern showing uncertainty at these levels. Today's pivot is NF 4817 with support at 4809-4796 and resistance in range of 4835-4848. NF strength will come over 4859 and will remain weak as long as it trades below 4815.

WEEKLY TEHNICALS

Nifty & Sensex first gave a break out and then traded in a range showing support around 4790. Pivot for this week is NF 4808 with first resistance around 4895-4923 and support around 4737-4727. The fear of last year sept-oct fall is still lurking in the minds of investors which is good enough for market to climb on the walls of worries....

PROFIT BOOKING

Weak hands showing signs of nervousness at these levels and market also looking tired. NS 4900-4920 will offer strong resistance. Today's pivot is NF 4837-4842 with resistance at 4866. NF should trade over 4872 for strength. Support around NF 4795... break of 4780 can lead to unwinding of longs...

UPWARD TREND CONTINUES

Nifty after consolidating is again ready for upward move to cross 4900 as long as it trades now over NF 4780. Ride the trend with trailing stop loss.

RANGE BOUND

After giving breakout, market need to consolidate around these level with positive bias. Today's pivot is NF 4813 for target 4825-4841 and support in the zone of 4776-4792. Strong over 4825 and weak below 4776. NF need to close over 4855 today for upward momentum to continue.

RANGE EXPANSION

Market did give a breakout as expected but low volumes is the cause of concern. The pivot and support now is NF 4765 and further down at 4735 with today's resistance around 4826-4857 from where minor reaction can come and then target 4900 in coming days. NF has to trade over 4786 for bullishness to stay.

BREAK OUT AFTER CONSOLIDATION

Nifty is poised to give a break out after consolidation as long as global cues support the move.For this week, the pivot is NF 4671 with first resistance in the zone of 4744-4792 and support around 4648-4600. NS has to cross and close over major hurdle of 4755. This month's first resistance is NF 4837.

HITTING RESISTANCE

Caution at these levels required with only small caps & mid caps flying and profit booking taking in heavy weights..... trend is still up. We are now trading in narrow zone with nifty future trying to maintain its support around 4652 and hitting resistance at higher levels. Today's pivot is NF 4688 with support around 4660-4642 ..... further down in the zone 4619-4572 and resistance at 4724. This could be another flat day but will be difficult for bulls to hold.

TOUGH FOR BULLS

Level over 4700-4750 is going to be a volatile zone with only select stocks going up. Today being settlement day for F&O , the pivot is yesterday's closing (4680) with weakness if we trade below NF 4652. ... Trade lightly as it may be volatile