Nifty and Lupin

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Yesterday written:

Vital support of the day is 11858.80; Nifty Future made low 11856.50 and reverse.

Now above 11979.85 or 11983.40 tough hurdle to cross are 12035.80.

If Nifty Future fails to cross 12035.80 then wait for another round of panic.

Lupin:

Vital support of the day is 685/683…..Closing below the mentioned level the stock will take next support at 610.20 within next month.

And hurdle may be 756/762 (intraday). If Lupin fail to cross the level, then the stock may start to melt down.

Nifty UPL Lupin

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

     Yesterday written about the first resistance 11957.50, Nifty Future made high 11960.

     Vital support of the day is 11858.80; below this crucial support is 11772.20.

     Now above 11979.85 or 11983.40 tough hurdle to cross is 12035.80.

UPL:

On 21^st May this stock made high 1043.60, yesterday also made high 1043.75. now closing above 1069 the stock may run to 1285.50 within couple of weeks.

Lupin:

On 28^th March’2019 the stock made low 719.80, and from there take a bounce back, yesterday it made low 720 again.

Vital support of the day is 702.85/702…..Closing below the mentioned level the stock will take next support at 610.20 within next month.

And hurdle may be 735/739 (intraday).

Yesterday our advice (Intraday) on Lupin:

“Buy 250 Lupin @727 SL 724 Target 750/752” Target achieved successfully. 

Nifty Future Trade

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

On Friday written vital resistance is 11897, Nifty Future made high 11897.

Below 11772 next vital supports are 11725.

If open below 11890 and start to melt down then crucial support is 11708.70

Above 11957.50 next vital resistances are 11979.85 or 11983.40

Tough hurdle to cross is 12035.80.

Today’s Overview:

Move will be zig-zag, from first half’s low a sharp bounce back is possible.

Nifty Future Trend

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

·        Yesterday mentioned about the vital resistance 12049.60, Nifty Future made high 12070 and melt down 429.85 points.

·        Today above 11825.65 vital resistances is 11897.

·        If so happened and Nifty Future fail to cross the hurdle then wait for another round of sharp correction.

Today’s Overview:

.Yesterday written:

“…. a sharp correction is quite possible. Today market will be very volatile.”

Nifty Future corrected 429.85 points.

Nifty and Election Result

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

·        If Nifty Future open above 11824 then may start to move up.

·        If Nifty Future open below 11746, then may take support at 11674—11662.

·        Heavy buying can pull the index to 12049.60.

·        Above 12095/121017.45 very vital resistance is 12342.50

·        From any intraday top a correction of 225 (approx) is possible.

Today’s Overview:

Overall trend is up till 23^rd May. After that a sharp correction is quite possible. Today market will be very volatile.

 Reliance:  

 Vital support of the day is 1323.

Vital resistance of Reliance (cash) is 1390---1397; fail to cross this level Reliance may start to melt down sharply.

UPL:

The day before yesterday this stock made high 1043.60, now closing above 1069 the stock may run to 1285.50 within couple of weeks.

Nifty Reliance

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Yesterday written:

From any of resistance level correction of 205 points is quite possible.

Yesterday NF high was 11895 – low 11687 = 208 points.

Now below 11675.85 crucial support of the day are 11662.25.

If Nifty Future take a bounce back from level then a fresh rally may start.

Vital resistance of the day is 12049.60, above 12095/12107.45
 
very tough hurdle for today and tomorrow 12342.50.

Today’s Overview:

Overall trend is up till 23^rd May. After that a sharp correction is quite possible.

Reliance:  

Yesterday written:

“And close below 1334/1332 today may start bleeding.”

The stock makes low 1330 and reverses to 1367.

Vital resistance of Reliance (cash) is 1370/1372.35; fail to cross this level Reliance may start to melt down sharply.

Nifty Reliance UPL

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Yesterday written about the resistance 11877.80 of Nifty Future, Nifty Future made high 11877.30.

Today vital resistance is 11979.50; closing above 12072 Nifty Future may run to touch 12323.25.

From any of resistance level correction of 205 points is quite possible.

Today’s Overview:

Overall trend is Up.

Reliance:  

Vital resistance of Reliance (cash) is 1370/1372.35; fail to cross this level Reliance may start to melt down sharply.

And close below 1334/1332 today may start bleeding.

UPL:

Yesterday this stock sparks heavily. From day’s low 965 it jumps to 1023.

Now today if rally may continue then next hurdle should be 1197.75.

Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Closing above 11479.60 (!) Nifty Future will try to touch 11877.80.

Very vital support of the day is 11240.65 or 11239.05.

Crucial support of coming two days is 11147.80.

Today’s Overview:

If fail to cross 11447; then another round of panic may start.

Nifty Reliance Lupin

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Above 11342 next resistance of the day is 11352. The tough hurdle to cross is 11370/11377.

If Nifty Future fail to cross the mentioned hurdle and break 11132.50, then crucial support is 11013.60.

Today’s Overview:

If fail to cross 11380/11382 then another round of panic may start.

Reliance:  

Tough hurdle is 1321/1322.50.fail to cross of this Reliance may melt down to 1011.25 within next week.

Lupin,

Today vital resistance is 818.35; above this next tough hurdle is 862.10/868.

Once the stock touch the hurdle and start to meltdown,  then wait for another round of Panic selling.

Nifty Fut. Lupin

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

If Nifty Future able to sustain above yesterday’s low (11157) and start to move up then first resistance would be 11320. The tough hurdle to cross is 11370/11377.

If the index break yesterday’s low then next support may be 11132.50, crucial support is 11013.60.

Today’s Overview:

If fail to cross 11380/11382 then another round of panic may start.

Lupin,

Yesterday written:

“A reverse move pulls the stock at 817.35 yesterday. Now today if fail yesterday’s high (817.35) or 817.65 then another round of panic may push Lupin around 731”

                                                                           -----   05:55 AM, 15.05.2019

Lupin made high 819.45, and melt down to 768.20.

Now What?

Vital support of first half is 765/764, if take a bounce back from this level then it is good opportunity of going short.

Nifty Lupin Intraday

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

First support of the day is 11225; below 11202 crucial support is 11191.75. Once Nifty Future break yesterday’s low (11138) then bottom may be 11013.60.

Vital resistance is 11380/11382.

Today’s Overview:

If fail to cross 11380/11382 then another round of panic may start.

Lupin, “Crucial support of the day is 861.55/859.75, if break 855 then panic may destroy the rally.”  ----05:30 AM, 06/05/2019

On the same day Lupin made low 852.05, as rally was ended, the day before yesterday this stock made low 783.10.

A reverse move pulls the stock at 817.35 yesterday. Now today if fail yesterday’s high (817.35) or 817.65 then another round of panic may push Lupin around 731.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

First resistance of tomorrow is 11191.40; above the level vital resistance zone of the day is 11203.50 or 11209.

Crucial support of the day is 11013.60.

Today’s Overview:

From day’s low a bounce back rally is possible.

Nifty Trading Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

If Nifty Future open below 11283 then may meltdown to 11178.50, closing below the level the index may take support at 11013.60 to form the bottom.

If Nifty Future open above 11288 and start to reverse then fi4rst hurdle would be 11384. If cross or close around 11598.20 (within 2 sessions) then it is good for Bulls.

Nifty Future Trading

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11442.95, above this Nifty Future may face tough resistance at 11486.80

Crucial support is 11316.55. If Nifty Future break yesterday’s low (11291) then may take support at 11178.50.

Nifty Tips Today

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Vital support of the day is 11381.40. Closing below the level Nifty Future may fall to 11174.50.

Above 11442.30 next resistances is 11501.55. Vital resistance of the day is 11560.

Nifty Future Today

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Vital resistance of Nifty Future is 11596; above this tough hurdle is 11606.

Below 11488.60 Nifty Future will start to melt down to 11400/11399.

Today’s Overview:

From day’s low a bounce back rally is possible.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

On 23^rd April Nifty Future made low 11573.50, from that day a reverse rally (although the move was zig-zag) pull up the index to 11835.50.

From that day till yesterday Nifty Future is trading within a range. Written earlier that rally was a reverse rally, so Nifty Future trend is towards down.

Now below 11573.50 (the lower bottom) movement will be clear.