Nifty is doing nothing in past few trading sessions and is slowly and slowly grinding upwards with a positive bias. Support is at 20 DMA which is at 5411 Levels break below that we can see downward bias on Nifty.VIX has closed at all time low and Bollinger Band has contracted almost 70%.Hence we can see some wild moves in Nifty in coming days.

Support @ 5415,5380 and  5355

Resistance@5463,5504 and 5555

BEML
BEML  is having major Hurdel at 200 MA as can be easily pointed in the chart. BEML tried to cross 3 …

Nifty made a new 52 Week High @5329.55 levels but bulls were unable to sustain at higher levels.

Last Week we saw Bulls facing resistance at 5330 levels and than reversing from that now 5330 if not crossed now will become double top and can be a bearish sign.
For authentic breakout of this upward resistance, the index need to stay above the 5330 for  at least 3 days or it needs to go up minimum 3% (presently around 5450) of the respective value.
A negative crossing of 100 DMA …

Nifty Weekly Technical view is present as below:
1. Market are showing good strength and trading well above 5 EMA.
2. RSI is showing negative divergence
3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290
4.Nifty is moving in a channel and will find support at the bottom of the channel around 5200 oce it is not able to cross 5311 during the early part of week
5.OI charts are attached Good OI is at 5200 PE should prove to be a good support …

Nifty managed to show some good up move today after 6 days of consolidation pattern.Now if we count the waves we come to following conclusion when we see the above Chart
a leg = 5092 to 5137 = 45 points
b leg = 5137 to 5096 = 41 points
c leg = 5096 to 5158 =62 points
d leg = 5158 to 5101 = 57 points
e leg = 5101 to 5209
Now as per EW waves market has completed 5 waves and the wave which started at Budget day …

 Daylight Saving Time begins today , On Sunday, March 14, 2010 at 2 a.m., Daylight Saving Time begins in the United States.The phrase “Spring forward, Fall back” is best and it will help people understand that during spring the keep the clock one hour ahead and in fall they keep the clock 1 hour back to set it in standard time.
Use of Day light Saving
The change to Daylight Saving Time allows us to use less energy in lighting our homes by taking advantage of the longer and later daylight …

Hi All,
Today i will explain one more Trading System which is known as CAMARILLA Pivot Point which will come Handy for Day Trading Purpose.
Origins of the Camarilla Equation:
Discovered while day trading in 1989 by Nick Stott, a successful bond trader in the financial markets, which uses a truism of nature to define market action – namely that most time series have a tendency to revert to the mean. In other words, when markets have a wide spread between the high and low the day before, they tend to …

Bramesh’s Tech present Pivot Point Calculator  4 System at one Place http://pivotpointscalculator.blogspot.com/
Use this Site for Getting the Pivots Levels Which will be useful for Your trading for 4 System. a) Pivot Pointsb) Camarilla Pivot Pointsc) Woodie’s Pivotd) DeMark’s Pivot Points
Will Be providing Detail Write Up on all 4 remaining System in coming weeks

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Resistance level for today is 1128.40.
Yesterday’s close was at 1118.79, so the S&P 500 is now only 9.61 points away from that formidable resistance. As a percentage move, it is 0.86% away.

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Hi All,
I am sharing with you a Nifty Intra day trading strategy which many trader follows in Intra day,Before sharing this i will let you know that this is one of the million trading set up and has it own pros and cons.
Strategy
Go long in Nifty once
3 EMA> 13 EMA>34 EMA SL should be below 34 EMA
Go Short in Nifty once
3 EMA< 13 EMA<34 EMA SL should be above 34 EMA
And RSI if it is above 80 and unable to make new High once can again …