* 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.
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Nifty Closing Counts: NIFTY has closed above 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 neutral in short-term, and neutral in mid-long term. NIFTY has closed above bottom bollinger band by 32.8%. Bollinger Bands are 18.4% narrower than normal. The current width of the bands does not suggest anything conclusive about the future volatility or movement of prices.
Nifty And Bank Nifty Future Recap: Nifty future written immediate resistance is now placed at 5348 and only sustaining above 5348 it will zoom towards 5370 and even to 5397-5411-5428 zone. Just check Nifty future once crossed 5348 it zoom to our upper targets within a very short span of time. We clearly mentioned Nifty to be fresh bullish needs closing above 5428. Just check it could not sustain and close above and lost all early gains in huge volatility during Union Budget speech. Bank nifty future written immediate resistance now comes at 10586. If sustains above 10586 it will try to zoom towards 10784-10800. Just check today Bank nifty future has marked exact high of 10799.50 within minutes of crossing 10586 and found exact resistance at that zone and got hammered more than 350 points again from there. Hope traders have enjoyed our levels both side. Is it magic?? No, it is the power of charts.
Expected Bullish Stocks For Next Session: LT, TATASTEEL, SUZLON, HINDUNILVR, BHEL, JSWSTEEL, UNITECH, HDIL, ONGC, GTL.
Expected Bearish Stocks For Next Session: ICICIBANK, TATAMOTORS, DLF, INFOSYSTECH, RELINFRA, IFCI, PUNJLOYD, SESAGOA, PANTALOONR, IBREALEST.
Bank Nifty future's projected high and low for next session is 10916 and 10254 (use this projection with other indicators). Immediate resistance now comes at 10658. If sustains above 10658 it will try to zoom again towards 10784-10800 zone. Whereas immediate support now comes at 10384-10371. If unable to sustain above 10658 and trades below 10384 with volume, it will crash down towards 10325-10273-10260. If even breaks 10260 with volume, watch panic even till 10170. But where and how to trade?? More updates only available to Premium Newsletter subscribers.Want more premium Nifty calls?? StockManiacs Premium Newsletter Service is available for less than Rs. 35 per day. To subscribe click here. 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.
Nifty future important levels for Tuesday, 1st March:
R3 5646 R2 5572 R1 5457 PP 5383 S1 5268 S2 5194 S3 5079
Bank Nifty future important levels for Tuesday, 1st March:
R3 11143 R2 10971 R1 10714 PP 10543 S1 10286 S2 10114 S3 9857
We are neither a bull, nor a bear. We change our trading style according to the trend.

















