29 June - Nifty View

No Change in levels. 5085 to 5180/5205 remains the short term range. 5020 is the confirmation level for trend change below 5085.

29 June - Nifty Spot resistance at 5160-5180-5205-5220. Support at 5120-5085-5055-5020 - www.niftypower.com

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27 June - Nifty View

Nifty once again managed to save its support area of 5085-5090, and closed above it. This level is now the Stop and Reverse level for Positional Longs now. The downtrend will only be confirmed after Nifty breaks 5085 and then 5020 after that on closing basis. On the upside, the level of 5175/5185 is proving to be a tough resistance. Above that, 5220 would be another level, above which, fresh longs can be initiated by those who missed this rally.

The Nifty Option OI Charts are given below:


As Nifty is near expiry, not much activity in the Options open interest is expected. The Bulls were active at the strike of 5100 PE today, where they added 7 lacs+ OI. If and when Nifty breaks 5085 before the expiry, these Bulls will have to run for cover. On the other hand, the Bears covered/ book profits at 5300 CE strike, which is on expected lines. Overall, 5100 is still the 50:50 level between the Bulls and the Bears. The range is 5000 to 5200 as per the Option Charts.

For tomorrow, immediate resistance for Nifty Spot comes at 5125/5130 level, above which, it will again head for its strong resistance levels of 5160 and 5180. On the downside, support for Nifty Spot comes at 5110 and then at 5090/5085 level. Below 5085, the Short term trend changes to negative, and Nifty can slide till 5020/4990 level quickly.

27 Jun - Nifty Spot resistance at 5130-5160-5180-5205. Support at 5110-5085-5055-5020 - www.niftypower.com

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25 June - Nifty View

Nifty opened down on negative global cues on Friday, but then recovered to close near 5150 level, between the resistance zone of 5130-5150. Sustaining above this zone will be positive for the market. On the downside, Nifty has now formed a support base around 5085-5090 level. Positional traders can raise their trailing stoploss for longs to 5085 Spot now, and go short if Nifty sustains below this level on hourly charts.

The Nifty Option OI Charts are given below:


In Options, there was big addition of 12 lacs+ OI at 4900 PE by the Bulls. Apart from that, there was very little activity by them. On the other hand, the Bears covered their positions at 5200 CE and 5300 CE by more than 13 lacs+. Overall, the movement as per the Options data was Bullish on Friday. 5100 is still the 50:50 level between the Bulls and the Bears as of now. 5000 and below are strong supports, while 5200 and above are minor resistances.

For tomorrow, consider the intraday trend Up as long as Nifty Spot stays above 5150 level. Below this, next support comes around 5125 and then at 5090 level. Below 5090, the short term trend becomes negative and Positional shorts can be opened. Above 5150, next resistances will come around 5185 and 5205 levels.

25 June - Nifty Spot resistance at 5150-5185-5205-5220. Support at 5125-5090-5055-5020 - www.niftypower.com

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21 June - Nifty View

Nifty has again closed above its 200 DMA and closed just at its resistance zone near 5130 Spot level. Tomorrow can be a breakout/ breakdown day. Short term trend is Up at present, and it will turn down only on a close below 5020. A break below 5100/5080 will be the first warning bell for the Bulls. On the upside, the zone of 5130/5135 is proving to be tough resistance. If it sustains above this, Nifty can again retest 5200+ levels.

The Nifty Option OI Charts are given below:



The options charts have quite a Bullish look today. The Bulls added a huge quantity of 27 lacs+ OI from 5000 PE to 5200 PE strikes. On the other hand, the Bears added a huge quantity of 13 lacs+ OI at 5300 CE strike. After today's addition, 5100 has become the 50:50 level between the Bulls and the Bears. Support for Nifty is at 5000, while resistance is at 5200 and 5300 levels.

For tomorrow, immediate resistance for Nifty Spot comes around 5130 level. Staying above this, it will head higher towards its next resistance levels of 5150-5190 levels. On the downside, support for Nifty Spot now comes at 5105/5100 level. Below this, the intraday trend will be down, and Nifty will slide towards it next support levels.

21 Jun - Nifty Spot resistance at 5130-5150-5190-5205. Support at 5100-5080-5055-5020 - www.niftypower.com

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Premarket Call -

1. Buy Nifty Future above 5130 Stoploss 5105 Target 5150-5185

2. Sell Nifty Future below 5100 Stoploss 5130 Target 5070-5040

18 June - Nifty View

Nifty continued to trade above its 200 DMA, and closed above it on Friday. It has formed a short term support now near the 5020 Spot area, and positional traders who are long can now move their stoploss to this level. It also managed to close just above its resistance zone of 5120-5130, and as long as it stays above this on Monday, the sentiment should be Bullish.

The Nifty Option OI Charts are given below:

The Option charts also show a Bullish picture from Friday. The Bulls added a huge amount of 13 lacs+ OI at 5100 PE strike, while the Bears covered 5 lacs+ at 5100 CE. After Friday's move,
5000 to 5200 has started to as the narrow range , with 5100 as the 50:50 level as of now.

For tomorrow, immediate resistance for Nifty Spot comes at 5145/5150 level. Above this, it will head for its next resistance zone of 5190/5205, where again some selling pressure is expected to come. Above 5205, levels of 5245 and 5270 can come quickly. On the downside, immediate support for Nifty Spot now comes at 5125/5120 levels. Below this, Nifty Spot can again slide towards 5090-5060 and 5040 levels.

18 June - Nifty Spot resistance at 5150-5190-5205-5245. Support at 5120-5090-5060-5040 - www.niftypower.com

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Testing Started - Live Nifty Charts

Good NEWS!

Live testing of NiftyPower Nifty Intraday Trading system has started. These charts will be Free for All throughout the testing period.
To see the Live Charts, go to www.niftypower.com and click on LIVE Nifty Charts

Some Important Notes on the System -

• The system runs on 5 min. Nifty Charts and is designed for intraday
• Buy/Sell Signals, with Stoploss and Targets will automatically come once the signal is formed
• Buy/Sell is activated only if the signal lasts till Bar Closing
• The system is designed for higher accuracy and tested over a period of 5 years
• Detail information on the system will be added soon

Some Important Notes on Live Charts

• LIVE Charts are best viewed in Firefox or Chrome browsers
• Charts are updated every 1 minute for the time being
• Charts should automatically refresh. if it doesn't, then manual refresh has to be done
• Mozilla Firefox users can download and install Reloadevery plugin, for refreshing the chart automatically
• For any comments/ suggestions, please reachout to us through the comments section/ email to power.nifty@yahoo.in
  

Happy Trading!

14 June - Nifty View

After giving a breakout above 4925 on 6th June, Nifty has given a good 200 point rally and it might be time for some cooling off. It formed a Doji on Daily charts on Wednesday, and the follow-up move can be taken for initiating trades tomorrow. 5135 on the upside and 5100 on the downside are the levels to watch. Take a long trade above 5135 and Short below 5100. In between, do nothing. For Positional traders, it is still Long trade with Stop and Reverse level near 5020 now.

The Nifty Option OI Charts are given below:

There was little addition of 11 lacs+ OI at the three strikes of 4900 PE to 5100 PE from the Bulls. The Bulls were mainly active only in one strike of 5200 CE, where they added 5 lacs+ OI. overall, there are two levels of contention between the Bulls and the Bears. Thy are 5000 and 5100. The major support for this series is 4800, while the toughest resistance is at 5200, as per the Option charts.

For tomorrow, immediate resistance for Nifty Spot comes at 5130/5135 levels. Staying above this, the intraday trend will be positive and the Bulls will head for next resistance levels of 5205, with minor resistance at 5150. On the downside, support for Nifty Spot comes at 5100/5095 level. Staying below this, Nifty can slide towards 5020 level, with supports in between at 5060 level.

14 June - Nifty Spot resistance at 5130-5150-5185-5205. Support at 5100-5060-5040-5015 - www.niftypower.com

Premarket Call -
1. Buy Nifty Future above 5135 Stoploss 5105 Target 5160-5190
2. Sell Nifty Future below 5100 Stoploss 5130 Target 5070-5040

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7th June - Nifty View

On Wednesday, Nifty broke out above our resistance point of 4925 Spot, and ended 70+ points higher, closing near the high point of the day. Few indications marked this coming breakout, and why it should be taken. On 4th June, Nifty had broken its recent low on intraday basis, but managed to save it on a closing basis. Today, it has broken out above 4925 with increasing volumes. This does look like a real breakout, which can take Nifty to at least 5200+ levels. However, before that, it has to form a higher High first by closing above the recent high of 5023. if it manages to do that, then the medium term will be considered Bullish until and unless it breaks its recent low again. The Short term trend should be considered Bullish as long as Nifty is trading above 4850 now.

The Nifty Option OI Charts are given below:

The Bulls took the center stage in the Options front today, as one would expect on such a big trend day. A huge quantity of 37 lacs+ OI was added by the Bulls between the strikes of 4800 PE to 5000 PE. On the other hand, the Bears only added a small quantity of 11 lacs+ OI at 5200 CE and 5300 CE strike, while also covering some of their positions from 4700 CE to 4900 CE strikes. Overall, the Option charts have turned quite Bullish. 4800 has again become the major support for this series, whereas there is no real resistance as of now.

For tomorrow, immediate resistance for Nifty Spot comes at 5000 to 5025 zone. If it manages to cross that, then Nifty would have formed a higher high and it will zoom towards 5080+ levels. on the downside, support for Nifty Spot comes around 50/4960 level. Below this, it can further slide towards its breakout level around 4925. Although the probability is low, but if it does slide to that level, it would be an excellent buying opportunity with good Risk:Reward ratio.

7 June - Nifty Spot resistance at 5000-5025-5075-5090. Support at 4955-4925-4905-4875 - www.niftypower.com

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Premarket Call -

Buy Nifty Future on Dips near 4950/4960 SL 4925 Tgt 4980-5020

6 June - Nifty View

Same levels valid for tomorrow, as Nifty closed almost flat. Options data also does not change much.

Our Premarket Sell Call given yesterday to sell at 4860/4870, achieved target at 4825.
No Premarket Sell Call for today.

5 June - Nifty View

Nifty opened Gap down today, made a new low on intraday basis, but managed to close above its previous low of 4788. It also closed above 4800, which has provided support on previous occasions as well. However, the trend still remains down and every rise should be used to build Short positions, till 4925 Nifty Spot level. If and when it closes above 4925, become a Bull again and start buying. Till then, it is a Sell on Rise market.

The Nifty Option OI Charts are given below:

On a day when Nifty held on to its lows and rallied smartly, it is surprising to find that the Bulls actually covered their positions at 4900 PE by about 4 lacs+. The only worthwhile addition by the Bulls was at 4700 PE, where they added 7 lacs+ OI. The Bears did nothing much today. Overall, 4900 still remains the 50:50 level as of now. 4800 and 4500 are the two big supports for this series, while 5000 is the biggest resistance.

For tomorrow, immediate resistance for Nifty Spot comes around 4870/4875 level. Staying above this, the Bulls can force covering upto 4905/4925 and 4960 level. A close above 4960 does not look probable as of now, but if it happens, it can cause major short covering rally. On the downside, support for Nifty Spot comes around 4820 level. Below this, it will again slide towards 4790-4770 level. A break of 4790 this time can be a decisive one.

5 June - Nifty Spot resistance at 4875-4905-4925-4960. Support at 4820-4795-4770-4750 - www.niftypower.com

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Premarket Call -

Sell Nifty Future near 4860-4870 SL 4890 Tgt 4825-4790

4 Jun - Nifty View

On Friday, Nifty sold off, after opening near its strong resistance of 4920/4925 and failing to sustain above that zone. Short term trend has been confirmed down now, and breakdown point is 4925 Nifty Spot. As long as Nifty Spot stays below this, Sell on Rallies should be the mantra for Positional traders. Do not try and look for a bottom just now. If at all Nifty has to reverse this downtrend and conquer its 200 DMA again, then it has to first cross 4925-960 and then 5005 level. Option Sellers can also Sell Call Options of 5000 and above strikes, to take advantage of this downmove. On the downside, 4788 was the previous low. The Bulls would desperately hope for Nifty to hold this level. If Nifty closes below this, it would have formed a Lower Low after failing to make a Higher High. This would indicate continuation of the downmove and will accelerate the downmove, as Fresh Shorts starts to enter the system.

The Nifty Option OI Charts are given below:

There was a lot of action o the Option front on Friday. The Bulls added 3 lacs+ OI from 4400 PE to 4800 PE strikes. On the other hand, the Bears added 38 lacs+ Calls from 4800 CE to 5200 CE strikes. The highest OI in Puts as of now is at 4500 PE strike. The highest OI in Call is at 5000 strike. 4900 is the 50:50 level as of now. After Friay's downmove, how the Put writers react if Nifty breaks 4800, will give further clarity on next move for Nifty.

For tomorrow, immediate resistance for Nifty Spot comes around 4840 and then at 4875 level. Staying above 4875, the Bulls will force some covering towards higher levels of 4905 and 4925, where again selling pressure is expected from the Bears. On the downside, support for Nifty Spot comes around 4820 level. Below this, the recent low of 4788 will be in reckoning. A close below 4788 can provide good momentum to this downmove.

4 June - Nifty Spot resistance at 4840-4875-4905-4925. Support at 4820-4785-4750-4730 - www.niftypower.com

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