(1) Nifty & MSi Chart & Levels For 23/04/2014 ::

Nifty::

- Black Spinning Top neutral direction candle with Balck Star Reversal possible top formation candle pattern..( Conformation required)

- MSi down trend, but near to middle support..

- Short term indicator hanging at overbought zone..

- Overall short term momentum side ways…

- Avoid buy in gap up or in extended high on future and option expire day..

- In intraday treading on 23^rd April. Wait & Watch important support 6805, below 6805 sell with stop-loss 6819..( Again we repeat avoid buy at high)

- Resistance for up move at 6825/6838/6850..

- Supports at 6805/6786/6771/6751..

(1) Nifty & MSi Chart & Levels For 22/04/2014 ::

Nifty::

- Exactly face resistance fro 2-3 times, in strong resistance zone as per yesterday post, but finally break last high, Made Body gap up bullish candle with open Gap..

- MSi down from multiple top resistance..

- Short term indicator touch overbought zone..

- Overall short term momentum bullish as far as last gap open, but risky

- In intraday treading on 22^nd April Wait & Watch important support 6805, below 6805 sell with stop loss 6820.. ( Above new high, 6820 stay a side)

- Resistance for up move at 6829/6837/6844/6867..

- Supports at 6805/6796/6783/6764..

(1) Nifty & MSi Chart & Levels For 21/04/2014 ::

Nifty::

- Exactly as per last post hold 6685 and bounce, made long bullish candle..

- MSi again touch multiple top resistance..

- Short term indicator turn up, but still in divergence..

- Avoid buy at extended high..

- In intraday treading on 21^st April. Wait & Watch important resistance zone in between 6804 to 6813.. IF FACE Resistance at high then ONLY use sell at high strategy with small & Strictly stop-loss 6819, stay a side above 6819…(Momentum again turn bearish ONLY below 6772 for sell with stop-loss 6786)

- Resistance for up move at 6786/6804/6813/6819/6833..

- Supports at 6748/6725/6711/6703..

(1) Nifty & MSi Chart & Levels For 17/04/2014 ::

Nifty::

- Body Gap down, Engulfing bearish pattern conformation candle at top..

- MSi down trend but near to middle support..

- Short term indicator enter in oversold region..

- Overall momentum bearish but before break 6650, may be small bounce possible..

- In intraday treading on 17^th April. Wait & Watch important resistance 6685, above 6685 buy for small with strictly stop-loss 6670.. ( Below 6685 to 6650/6648 no trade zone, IF break 6648 then sell again with stop-loss 6670)

- Resistance for up move at 6685/6701/6713/6732..

- Supports at 6665/6650/6629/6617..

(1) Nifty & MSi Chart & Levels For 16/04/2014 ::

Nifty::

- Bearish Engulfing candle pattern near top, generate aggressive sell signal, but need conformation of lower low and bearish next candle..

- MSi near middle support zone..

- Short term indicator in down trend with negative divergence..

- Overall short term momentum bearish as far as Nifty stay below 6740/6743..

- In intraday treading on 16^th April Wait & Watch important Support 6703/6700 & Resistance 6740/6743.. wait for levels, trade both side, with small and strictly stop-loss

- (1) Up to 6740 sell with small and strictly stop loss 6743..

- (2)  Above 6743 buy for small with stop-loss 6740

- (3) IF hold support 6703 then buy for small with strictly stop-loss 6700..

- (4) Below 6700 again sell with stop-loss 6703..

- Resistance for up move at 6740/6764/6777/6788..

- Supports at 6703/6678/6672/6650…

(1) Nifty & MSi Chart & Levels For 11/04/2014 ::

Nifty::

- Exactly as per yesterday post, correct from high.. Made High Wave, body Gap up, bearish candle with volume..

- MSi turn down from multiple top, as per yesterday post..

- Short term indicator in overbought region with negative divergence..

- Overall short term momentum bearish as far as Nifty stay below 6814..

- In intraday treading on 11^th April. Wait & Watch important support 6777, below 6777 sell with stop-loss 6793…( Avoid sell near dip support)

- Resistance for up move at 6814/6819/6829/6849..

- Supports at 6777/6757/6734/6714…