Nifty spot View (28/x/13 - 01/11/13)

Nifty spot View (28/X/13 - 01/11/13)

In weekly charts Nifty has given signals for weakness as it was not able to close above 6256 level. A close above 6256 may take Nifty up to life-time highs levels. The upside targets are 6184, 6256, 6290,6338-6357. A weekly close above 6360 can take Nifty up-to 6578 & 6680 levels but for that a very strong flow of positive news is required, which I personally don't see in the near future.

Short positions must be initiated at 6250-6260 levels with stop-loss @ 6270 on closing basis. The targets are 6069, 6042, 6024, 5888, 5867.

Nifty Spot View (14/X/13 - 18/X/13)

Nifty Spot View (14/X/13 - 18/X/13)

Nifty has closed above an important level of 6084, which may take Nifty to further up-to 6184 levels. One can go long in Nifty with stop-loss @ 6084 for the targets of 6140, 6184,  6220, 6279, 6330.
The supports are 6081, 6042, 5995, 5921, 5850

There is no need to short in between.....
Take short positions at 6184 with stop-loss @ 6200 on closing basis. Targets are 6140, 6081, 6042-6033, 5995, 5921, 5850, 5775, 5736, 5663.

TCS

TCS

A short positions can be taken in TCS @ 2045-2050 with stop-loss @ 2070 on closing basis. Targets are 2017-2010, 1986-1975, 1955-1952, 1900

Nifty Update (07/10/1013 - 11/10/2013)

Nifty Update

Those who can take risk can initiate short positions at 5957-5945 levels , ELSE, 
Initiate short positions at 6042-6057 levels with stop-loss @ 6075 on closing basis. Targets are 5995, 5957- 5940. A close below 5940 will create a solid trouble for Nifty, which will drag Nifty more down towards 5864, 5812, 5757-5735 ( an important support level), 5674-5663, 5538, 5488, 5433 ( an important support level).

And,

Initiate  long positions if Nifty is able to close above 5960 with stop-loss @ 5940 on closing basis. Targets are 6021, 6042-6057, 6084, 6142, 6183 (trouble zone).