GOLD & SILVER

1st time ever i am posting the levels of Gold & Silver. Both these commodities are taking support @ Gann Retracement levels. So a long trade can be initiated with tight stoploss @  30300 for Gold and 57200 for Silver. Target for Gold is 31370 & 32470. Target for Silver is 61820 & 62858.

Nifty Spot levels for 24-12-2012 to 28-12-2012

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A stoploss hit in the Union Bank Of Inida.
Nifty again & again is taking support & resistence @ Gann levels. In my earlier post i stated that 5960 & 6060 are the major resistence levels and see the beauty it actually found resistence @ 5965 level. Again i mentioned that that major support levels are 5820 & 5760 and nifty found its support @ 5823 levels. Till date there is no change in the levels. A close below 5820 will drag the index to 5738, 5688,5566. and the resistnce levels are 5960,6060,6084. All levels are of spot nifty. So try to take positions near these levels with small-small points as stoploss.

Union Bank Of India

Today Union Bank of India may face resistance near 261.90 as it is a Gann retracemant level. If this counter closes below 262 then a short can be taken for the 1st target of 235.4, 2nd target 208.

Nifty Spot (03/12/12 - 07/12/12)

In my earlier post i clearly stated that the closing below 5596 will take nifty  to 5535 and it actually took U Turn from 5540. From 5540 to 5880 (what a wooooooo move).
As far as Nifty is concerned a closing above 2 X 1 Gann Angle has given it more strength for  Nifty to go up to 6097 . See the attached chart.Major resistance levels are 5960-6060,6097 and major support levels are 5820-5760.

Nifty Spot

Nifty will take support @ 5596. One can go long @  5596 with 10-15 points as stoploss. Break of 5596 will take nifty to 5535.                                                  Support @ 5585,5535, 5495, 5436

Resistance @ 5650, 5778, 5830.
Again & again nifty is taking support @ Gann angle. So with risk of 10-15 points a long trade can be initiated. And closing below 5596, one should initiate a short trade with 10-15 points as stop loss.

Happy Deepawali

Diwali Greetings to all of you & your family members. May this Diwali brings with it a lot Happiness, Success & Peace for all of you.....

Idea

There is a negative WolfeWave in Idea in daily & weekly chart and my studies says that it should go upto 97.6 levels as it is Gann retracement level. It can also touch 102-103 levels and it will make a tripple top there. A short can be initiate in this counter @ 97.5 and 102-103 levels with stoploss @ 105.

Mcdowell

Cheers to McDowell. 
Everyone was fearing to take short in this extra bullish stock but for a Gann trader 1425 was a known level. A close above 1425 will take this counter to 1675 levels. One can take short in this counter @ 1420 levels with tight stoploss above 1430. And a close above 1425, one should exit from their short and initiate a long trade in it.

SBIN

Today (09/11/2012) Sbi is trading @  2260 levels. With my little experience and from my point of view a short can be taken @ 2260  with strict stoploss @2275 (Cash) Target 2174 , 2081. As yesterday (08/11/2012)  SBI was not able to close above the Gann Angle. See the attached chart

Yes Bank

Today on 01Nov2012 Yesbank closed @ 412.5.Yesbank will go up to 428. If Yesbank is able to close above 428 then the next resistance level is 447 which is a Square of 9 level. @ 428 it is a level where price & time will get square with each other.One should book (80%) partial profit @ 428 and hold rest shares for the target of 447.

Nifty & Banknifty

These are weekly chart of Nifty & Banknifty. 

Nifty is taking support @ 5611. A long can initaited @ 5611 for the target of 5700, 5752. A weekly close below 5611 will drag it to 5514, and then to 5489 levels.

Bank nifty is taking support @ 11106 level. A long can be initiated @ 11106 with Sl 11000 for the target of 11820.
A closing below 11106 will drag it to 10800
In Nifty 5611 level is to watch on Friday (02/11/2012) closing basis. If the price is closing below 5611 then definitely nifty will drag to lower levels mentioned above.
In Banknifty also closing below 11106 level is essential for it to drag down to the lower levels mentioned above.

Nifty Levels for the week 21Oct-25Oct 2012

Nifty is taking support @ Gann Angle which is @ 5630. If nifty breaks 5630 then it may go to 5566 level which is again a Gann angle support. Resistence levels are 5830, 5869 and support levels are 5630, 5566. Until & unless this range is not broken, a big move will not be seen.

TCS

From the last 3 days continuously TCS is taking support @ 1285 which is Gann Angle support. If tomorrow (12th Oct/2012) this level is broken downside then TCS will take support @ 1192, and if tomorrow this level is not broken then TCS will fly to 1460 odd levels. Go long if TCS is able to close above 1285 level with Stoploss @ 1260.

Nifty Spot

Today in daily chart Nifty made an outside bar which means if tomorrow nifty crosses today's high then one can go long  and if nifty goes below today's low then one should go short without any fear. One more thing today nifty has taken support exactly @ the weekly gann angle @ 5635. Support @ 5635, 5520 and resistance @ 5840,5869.Attaching two charts Nifty_Daily & Nifty_Weekly

JPAssociate

JPAssociate fell down from 90 - 82.5. It has achieved its 1st target as today's (10/10/2012) low was 82.5.  See the attached chart. One should now book 90% of their holdings and trail their stoploss @ 90 (the entry level).

Nifty Spot

For Nifty Spot, as stated earlier that 5735 is a very strong resistance level. If nifty is able to close above 5735 only then strength will come and then nifty can go to the 5850-5860 levels. Major supports are 5638, 5535, 5435 and Major resistance are 5735, 5850-5869.

JP Associate

JP Associate is @ "1 X 1" Gann angle that means it very much near to a major resistance level. Also it is making a Double Top @ this level. One can short JP Associate @ 90 with Stoploss @ 92 (Closing basis). 1st Target is 82.6.

Nifty Spot

Nifty(Spot) is facing resistance @ 5650-5660 levels. Support stands @ 5431, 5335 and resistance levels are 5652, 5735