(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…

(1) Nifty & MSi Chart & Levels For 10/04/2014 ::

Nifty::

- Body Gap up, bullish candle reach its extreme as per our last Elliot wave post..

- MSi touch multiple top resistance..( Must be correct)

- Short term indicator again heading towards overbought zone..( It may be create negative divergence at high)

- Overall short term momentum bullish as far as Nifty hold 6759, but risky..

- In intraday treading on 10^th April. Wait & Watch important resistance 6808/6828/6838 and IF face resistance at high then, sell at high near top resistance with STRICTLY stop-loss 6852.. OR sell below 6788 with stop-loss 6808..

- Resistance for up move at 6808/6828/6838/6852..

- Supports at 6776/6764/6759/6739…

- ( At time of this posting US market Dow plus 170 points)

(1) Nifty & MSi Chart & Levels For 09/04/2014 ::

Nifty::

- White Doji line with Thrusting pattern.. Confusing sign..

- MSi again turn down..

- Short term indicator in down trend..

- Overall short term momentum confusing..

- Stuck with levels and do intraday small trade with strictly stop-loss

- In intraday treading on 9^th April. Wait & Watch important level 6700/6708, above 6708 buy for small with strictly stop-loss 6700.. Up to 6708 sell with stop-loss 6708..

- Resistance for up move at 6708/6718/6735/6746..

- Supports at 6671/6654/6643/6625..

(1) Nifty & MSi Chart & Levels For 07/04/2014 ::

Nifty::

- Black Hold line, Outside day breakdown bearish candle with volume..

- MSi again near multiple top..!! ( Clear proof of manipulated market )

- Short term indicator turn down from overbought region with negative divergence..

- Overall short term momentum bearish, as far as Nifty stay below 6700..

- In intraday treading on 7^th April. Wait & Watch support 6685, only below 6685 sell with strictly stop-loss 6700..

- Resistance for up move at 6707/6712/6725/6733..

- Supports at 6673/6660/6655/6645/6625…

(1) Nifty Supports & Resistance For 04/04/2014 ::

Nifty ::
Conformation of first bearish setup, made outside day..
Today momentum most probable side way's insider day..
Resistance :: 6743/6760/6776/6791..
Supports :: 6724/6711/6692/6680..