(1) Nifty & MSi Chart For 07/03/2014 ::

Nifty::

- Gap up, bullish breakout candle close at all time high, with bullish open gap,

- Extended overbought short term indicator,

- MSi near multiple top..

- Avoid buy against technical and fundamental in manipulated extended high..

- Stay a side above 6358/5415(all time high)

- 10^th March our turning date.

- Wait for our next Monday post..

- Till then enjoy weekend..

(1) Nifty & MSi Chart & Levels For 06/03/2014 ::

Nifty::

-  White Doji Star possible top formation candle pattern, after last engulfing bearish candle..

- MSi turn down from multiple top resistance..

- Short term indicator in overbought with negative divergence..

- Overall short term manipulated up in extended overbought..

- Avoid buy at high..

- In intraday treading on 6^th March. Wait & Watch important level 6325, below 6225 sell with stop-loss 6333 or maximum stop-loss 6343..(Stay a side at higher level)

- Resistance for up move at 6343/6358/6366/6373..

- Supports at 6314/6302/6284/6256..

(1) Nifty & MSi Chart & Levels For 05/03/2014 ::

Nifty::

- Last Engulfing bullish candle pattern..(Bearish if next candle open lower or Dark Cloud )

- MSi enter in multiple top resistance zone..

- Short term indicator in extreme overbought zone..

- Overall short term momentum bullish as far as Nifty hold 6277..

- Avoid buy in extended manipulated high..

- In intraday treading on 5^th March. Wait & Watch important level 6303 & support 6271.. Above 6303 buy with stop-loss 6291.. Below 6271 sell with stop-loss 6282..( In between 6271 to 6303 stay a side)

- Resistance for up move at 6326/6345/6356..

- Supports at 6271/6250/6238..

(1) Nifty & MSi Chart & Levels For 04/03/2014 ::

Nifty::

- Exactly correct sharp from high as per yesterday post & made Inverted Dark Cloud cover bearish candle pattern…

- MSi down trend..

- Short term indicator slightly turn down in overbought zone..

- Overall short term momentum turn bearish as far as Nifty stay below 6273..

- In intraday treading on 4^th March. Wait & Watch important level 6212 below 6212 sell with strictly stop-loss 6228..( Strong support 6201 below it 6168/6155)

- Resistance for up move at 6241/6257/6266/6273..

- Supports at 6201/6184/6168/6155…

(1) Nifty & MSi Chart & Levels For 03/03/2014 ::

Nifty::

- Bullish candle with volume..

- MSi in up trend..

- Short term indicator overbought..

- Overall short term momentum bullish but overbought..

- Avoid buy in extended high..

- In intraday treading on 3rd March. Wait & Watch support 6272 & Resistance above 6300.. Above 6300 use sell at high strategy with strictly stop-loss 6319.. OR below 6272 sell with stop-loss 6282..

- Resistance for up move at 6293/6307/6319..

- Supports at 6260/6254/6239/6228..

(1) Nifty & MSi Chart & Levels For 28/02/2014 ::

Nifty::

- Bullish candle with volume..

- MSi slightly turn up..

- Short term indicator in overbought region..

- Overall short term momentum confusing with overbought market..

- Avoid buy at extended high..

- In intraday treading on 28^th Feb. Wait & Watch important level 6227-6242, Above 6242 buy with strictly stop-loss 6227.. Below 6227 sell with stop-loss 6242.. ( In between 6227-6242 wait for breakout/ breakdown)

- Resistance for up move at 6252/6264/6259/6280..

- Supports at 6227/6213/6198/6183..