NIFTY TREND CHANGE LEVELS AS ON DATE 25th APRIL 2013.

NIFTY FUT CHARTS SHOWING DOWNWARD TREND AND YESTERDAY ITS MADE HIGH NEAR TREND LINE, SO IF TOMORROW ITS SUSTAIN ABOVE 5870 THEN WE SEE NEW RANGE OF POSITIVE MARKET.UP TO 5990.AND IF ITS NOT CROSS THAT LEVEL THEN WE SEE SOME DOWN FALL IN MARKET AGAIN AS ITS 2013 TREND. 

 

AS PER THIS CHART WE SEE SOME IMPORTANT VERTICAL SUPPORT AND RESISTANCE, AS PER THIS CHART WE SEE 5858 TO 5870(18th & 19th MARCH TOP 10 POINT, GAP DOWN OPENING ON 18th MARCH.) IS IMPORTANT LEVELS. SO ON THURSDAY (EXPIRY OF APRIL SERIES) IF MARKET SUSTAIN ABOVE THAT LEVEL OF 5870 THEN AND THEN ONLY WE SEE SOME MORE UP SIDE, SO ONE CAN GO LONG ABOVE 5880 WITH STOP OF BELOW 5850 FOR TARGET 5930-5990.

VIEW ON EXIDEIND FOR 6-12 MONTH TIME.

AS PER THIS CHART WE SEE 200 & 20W-EMA IS NEAR 131 LEVEL, AND 50W-SMA IS NEAR 134 LEVEL, AS PER 2ND PART OF CHART WE SEE MACD IS NEAR TO CONVERT IN POSITIVE ZONE, HISTOGRAM IS ALMOST NEAR ZERO LINE, RSI IS ALSO JUST BELOW MEAN LEVEL @ 47, SO IF IN THIS WEEK ITS SUSTAIN ABOVE 131 LEVEL AND VOLUME IS GOOD THEN WE SEE SOME POSITIVE REVERSAL IN THIS STOCK FOR LONG TERM. ONE CAN BUY@ 2 CLOSE ABOVE 132-133 FOR 6-12 MONTH FOR TARGET OF 150-166 WITH STOP OF BELOW 120 ON CLOSING BASIS.

NIFTY VIEW WITH TRIANGLE PATTER.

AS PER THIS CHART WE SEE IS I TRIANGLE PATTERN AND ITS TRADE BELOW SUPPORT LINE OF PATTERN, ITS TRY TO TOUCH THAT LEVEL BUT ITS FAIL TODAY AND CLOSE JUST BELOW THAT AS PER TODAY'S MOVE, TODAY MOVE IS 1ST GOOD UP MOVE IN YEAR 2013. AFTER A LONG DOWN TREND. SO IF TOMORROW ITS CROSS THAT 5725- TO 5740 BAND THEN WE SEE UP MOVE MAY EXTEND UP TO 5840-5850 ZONE.  AND MEAN TIME RESISTANCE TREND LINE IS ALSO COME AT THAT LEVEL.SO ITS DIFFICULT TO CROSS 5850 LEVEL IN A SINGLE ATTEMPT.

BANKNIFTY VIEW AS PER 2 CHARTS.

AS PER THIS CHART WE SEE IS IN DOWN CHANNEL AND TODAY ITS CROSS RESISTANCE LINE WITH GOOD VOLUME AND CLOSE ABOVE THAT WITH COMFORT DISTANCE. 

AS PER THIS CHART WE SEE SOME VERTICAL SUPPORT AND RESISTANCE LEVELS. AS PER THIS WE SEE ITS CROSS ALL RESISTANCE LEVEL IS SINGLE UP WORD MOVE WITH GOOD VOLUME. ITS INDICATE THAT SOME GOOD NEWS EXPECTED IN THIS SECTOR. NOW NEXT RESISTANCE LEVEL IS NEAR 12055 AND ABOVE THAT 12240. SO ONE CAN TRADE ACCORDINGLY.

NICKEL CHARTS.

 NICKEL @ IMPORTANT LEVEL AS PER TREND LINE.

NICKEL AS PER VERTICAL SUPPORT & RESISTANCE LEVEL.

COPPER CHARTS.

 VERTICAL SUPPORTS & RESISTANCE.

FIBONACCI RETRACEMENTS LEVELS.

LONG TERN SUPPORT TREND LINE.