29 Nov - Nifty View

 On Tuesday, Nifty opened up above its resistance of 5655, and then made a smart rally to close near its upper resistance of 5730. As given in earlier Nifty View, Positional Traders are already in Long Positions from near 5615 levels. Some profit should be booked in these longs and Stoploss can now be modified and kept near 5650 Spot level. On the upside, there are minor resistance levels at 5755 and 5785 levels, above which, the recent high near 5815 will be the immediate resistance. On the downside, the levels of 5690 and 5650/5630 will provide support, and short term trend should be considered up as long as Nifty is closing above these levels.

The Nifty Option OI Charts are given below:   

On the Options front, the Bears ran for cover on Tuesday. They covered a huge amount of 58 lacs+ OI at 5600 CE and 5700 CE strikes. This move is understandable, given that Expiry is only 1 day away, as Wednesday was a holiday. But the move from the Bulls was definitely a risky one, who added 31 lacs+ OI at 5700 PE strike. After Tuesday's move, 5700 has become the 50:50 level for Nifty. 5800 remains the major resistance for the series, while 5600 is the major support.

For Thursday, the trend for Nifty should be considered positive as long as Nifty Spot stays above 5690/5695 Spot level. Intraday traders can adopt a Buy on Dips strategy till these levels are protected. On the upside, resistance for Nifty Spot comes at 5730. Staying above this, the Bulls will take it to higher level resistances of 5755 and 5785 levels. On the downside, support for Nifty Spot comes at 5690 level. Below this, it can slide lower towards support levels of 5655/5650 and 5630 levels. The Short term trend should be considered up as long as Nifty Spot stays above 5630 level.

29 Nov - Nifty Spot resistance at 5730-5755-5785-5815. Support at 5705-5690-5655-5630 - www.niftypower.com

Visit here for Nifty Tips - Nifty Future Tips and Nifty Option Tips

P.S.:
You can see Live Nifty Charts with Buy Sell Signals during market hours Free on our website www.niftycharts.co.in

Also, Read our Daily  Nifty Analysis published on our Blog www.nifty-power.blogspot.in and have an Edge in you trading

For our regular Paid SMS Services, see Rates and Services Page on www.niftypower.com

26 Nov - Nifty View

On Friday, Nifty opened flat, declined in intraday trade and tested its support level of 5590 Spot, and then recovered to close near its resistance level of 5625/5630. As given in previous Nifty View, Positional traders should have opened small long Positions with a Stop and Reverse at 5570 Spot level. This Stoploss can be raised near 5590 level now, which was Friday's low. On the upside, 5630/5655 remains the resistances to watch, and until Nifty is able to cross and sustain above this zone, this upmove will be suspect. Hence, it is better to keep a tight Stoploss in Long positions.

The Nifty Option OI Charts are given below:    

On the Options front, the Bulls were seen covering their positions on Friday. They covered 16 lacs+ OI at 5500 PE and 5600 PE strikes. Also, there was no addition by the Bulls at any of the strikes. On the other hand, the Bears also did not do much, except for a small addition of 6 lacs+ OI at 5700 CE strike.Overall, 5600 is a minor support, while 5500 is a major support for this series. On the upside, 5700 and 5800 are the biggest resistances, with Open Interest at strikes of 5700 CE and 5800 CE at 80 lacs+ level.

For Monday, immediate resistance for Nifty Spot comes at 5630 level. Above this, the Bulls will easily take Nifty to its next resistance level at 5650/5655 level. Above 5655, we can see some Short Covering rally till 5685/5705 Nifty Spot level. On the downside, support for Nifty Spot comes at 5590 level. Below this, the Bears will have an upper hand, and they will push Nifty down towards 5570 and 5550 level.

26 Nov - Nifty Spot resistance at 5630-5655-5685-5705. Support at 5605-5590-5570-5550 - www.niftypower.com

Visit here for Nifty Tips - Nifty Future Tips and Nifty Option Tips

P.S.:
You can see Live Nifty Charts with Buy Sell Signals during market hours Free on our website www.niftycharts.co.in

Also, Read our Daily  Nifty Analysis published on our Blog www.nifty-power.blogspot.in and have an Edge in you trading

For our regular Paid SMS Services, see Rates and Services Page on www.niftypower.com

Nifty Performance Update (till 23rd Nov, 2012)

Going into the last week of November, here is a Performance Update of our various packages:

Nifty Performance:

Click here to see the Performance Spreadsheet

NiftyPower’s Performance Summary – November 2012
	Max. Profits in Points/Lot	Safe Traders Strategy	Risky Traders Strategy
Nifty Live Charts	67	17	7
	Rs. 3350	Rs. 850	Rs. 350
	13.4%	1.7%	0.5%
Nifty Futures SureShot	102	91	125
	Rs. 5100	Rs. 4550	Rs. 6250
	20.4%	9.1%	8.3%
Nifty Future Single Target	29	58	87
	Rs. 1450	Rs. 2900	Rs. 4350
	5.8%	5.8%	5.8%
Nifty Options SureShot	64	102	218
	Rs. 3200	Rs. 5100	Rs. 10900
	64.0%	25.5%	27.3%
Nifty Options Single Target	31	124	248
	Rs. 1550	Rs. 6200	Rs. 12400
	31.0%	31.0%	31.0%
Nifty Future Positional	98	131	262
	Rs. 4900	Rs. 6550	Rs. 13100
	19.6%	13.1%	13.1%

November was a month of Contrasts for our Live Nifty Charts and SMS Packages. While the Live Nifty Charts started on a very strong note, we did not match up to the same performance in the first week, and infact, were even negative at one point of time. However, during the last to weeks, we not only covered all losses made in the first week, but also broke into a healthy profit. In fact, in our SMS packages, we have had only 1 loss making call in the last two weeks. On the other hand, our Live Nifty Charts gave some false signals in the last two weeks, which resulted in losing of most of the profits that was generated in the first week. The Silver Lining is that it is still in Green.

The Best package this month has been Nifty Options, which has given a return of nearly 30% till now. The worst performing package is Live Nifty Charts, which is just about breakeven with a 1% return. In the coming days, we will continue to focus on the SMS Packages, and try and maxmize the returns this month. Also, we will have an eye on the Live Nifty Charts, as we definitely do not want any of our package to end the month in Red.

Happy Trading!

NiftyPower Team

P.S.:
You can see Live Nifty Charts with Buy Sell Signals during market hours Free on our website www.niftycharts.co.in

Also, Read our Daily  Nifty Analysis published on our Blog www.nifty-power.blogspot.in and have an Edge in you trading

For our regular Paid SMS Services, see Rates and Services Page on www.niftypower.com