Premium Stock SMS service available at Rs. 3000 per month. Also Premium Stock Future SMS service available at Rs. 5000 per month. Trial SMS Pack available at Rs. 1000. To subscribe click here.
* If target is hit @ open, safe traders can avoid trading that counter, or trade with low quantity, say 25% of normal capital. Calls are based only on technical studies. Stop-loss is an essential risk control mechanism and it should always be there.
Do you know, some small losing days, some break -even days and some very big days actually makes your month??
Nifty Closing Counts: NIFTY has closed below its 3 day exponential moving average. 3 day exponential moving average is currently below 8 day exponential moving average, AND below 20 day exponential moving average. The relationship between price and moving averages is bearish in short-term, and bearish in mid-long term. NIFTY has closed above bottom band by 13.5%. Bollinger Bands are 55.2% wider than normal. The large width of the bands suggest high volatility as compared to NIFTY's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 9 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
Nifty And Bank Nifty Future Recap: Nifty future written immeidate support now comes at 5479. Once broken and trades below 5479 for sometimes then it will retrace down towards 5414. Just check once broken 5479 it crashed down towards 5414 in minutes only and made low of 5438 close to our projected low. From where it took sharp pull back of 100 points within a very short span of time. Bank Nifty future written immediate support now comes at 10643-10631. Once broken 10631 it will retrace down towards 10496. Just check once broken 10631 it crash down towards 10432 in the morning trade which is very close to our projected low and also bounced from there of 300 points. Is it magic?? No, it is the power of charts.
Expected Bullish Stocks For Next Session: SIEMENS, CANBK, IOB, ONGC, JSWSTEEL, MARUTI, OIL, BANKINDIA, GAIL, DABOUR.
Expected Bearish Stocks For Next Session: JISJALEQS, BATAINDIA, PFC, SUNPHARMA, STER, IVRCLINFRA, VOLTAS, ICICIBANK, ITC, UNITECH.
Fortune Teller- Now, what to expect tomorrow in indices? Nifty future's projected high and low for next session is 5574 and 5409 (use this projection with other indicators). Immeadiate resistance now comes at 5567. Nifty future needs to cross 5567 to go further upside towards 5609 and more towards 5628. Immediate support now comes at 5502. Once broken and trades below 5502 for some time then it will retrace down towards 5460. And below 5460 there is strong support for Nifty future 5356 from where a pull back can be expected. The market is trading in the oversold zone so technically a pull back is expected up to 5656 levels. However the trend is week and every rally should be used to cut long position. But where and how to trade?? More updates available to subscribers on market.
Bank Nifty future's projected high and low for next session is 10804 and 10352 (use this projection with other indicators). Immediate resistance now comes at 10745. If sustains above 10745 it will try to zoom towards 10909. Only sustaining above 10909 can take it to upper side at 10956. Immediate support now comes at 10631. Once broken 10631 it will retrace down towards 10596 and more towards 10496. But where and how to trade?? More updates only available to subscribers on market.StockManiacs Nifty Trading System on Amibroker is available for full time professional Nifty and Bank Nifty traders for one time charge of Rs. 35,059. For more details click here. Also Nifty future SMS service is available from as low as Rs. 2,500 and Nifty Options SMS service is available at Rs. 3,000 per month. To subscribe click here.
Nifty future important levels for Tuesday, 1st February:
R3 5674 R2 5609 R1 5567 PP 5502 S1 5460 S2 5395 S3 5353
Bank Nifty future important levels for Tuesday, 1st February:
R3 11072 R2 10898 R1 10779 PP 10606 S1 10487 S2 10313 S3 10194
We are neither a bull, nor a bear. We change our trading style according to the trend.









