Nifty future closed 6152 on 27th Jan 2014 down by 123
point. Nifty futures made low of 6142 and high of 6209. All world market are
down and said trend is already changed now. We exited from all longs at 6340 on
23rd Jan and just in 48 trading hours nifty is at 6152. Yes some of
our clients bought out of the money put on Thursday evening as we said exit
from long on Thursday and major fall on Monday, Tuesday and Wednesday starting
from Friday afternoon. Yesterday also after opening lower nifty acted according
to our predicted chart of nifty. Yesterday Nifty started its fall in second
session as per our chart (till that time it became range bound). Today SGX
nifty is trading down by 28 points at 6120. We may open lower or flat and ahead
of RBI policy we may see little short covering. We expect RBI policy to non
event but commentary will be interesting what they want to do ahead in market.
As trend is changed we may see at higher level shorts to seen create But we
have to see what out comes in FOMC meet. Don’t rely on only charts as today is
RBI policy Event and next tomorrow is FOMC meet and Thursday is F&O expiry
event. Nifty has support around 6120, 6100, 6078 at lower level And resistance
around 6165,6182,6200.
NIFTY INTRADAY SCIENTIFIC CHART 28'th Jan 2014
(Expected to happen during market timing)
If RBI policy is without any major change then we expect
nifty to close minus ticks of -30 to -40 points. But trade only of your capacity
of 25% As maximum events are in this three days and nifty is fallen approx 200
points. On Wednesday we have mixed trend (Pl. Refer to our weekly outlook)
means market tries to stabilize there still wait for all result to come for
events. Bears are on full swing and bulls on beck foot.
Thanks & Regards
Nishant Jani
9374083399
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