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Wednesday, 1 October 2014

Nifty Technical Analysis and Intraday Calls for Oct 1

Nifty Technical Analysis

Nifty should cross 7980 to remain positive on Oct 1. 8000 is the next resistance, if broken next target will be 8040. Support is at 7850, below which heavy profit booking could happen. Lower side targets are  7800-7750 in next few days.

For Intraday trading on Oct 1, please follow the below levels of Nifty:

Resistance Levels: 7950-8000
Support Levels: 7990-7850

Positive above: 7980
Bullish momentum above:8030

Negative below: 7940
Bearish momentum below: 7900

Intraday Calls for Oct 1

Scrip Action Above Below T1 T2 SL
Cipla 629 631 632 624
Infosys 3772 3782 3792 3750
Maruti 3780 3790 3100 3058
Bajaj Auto 2360 2370 2380 2340
Bharti 409 411 413 406
ICICI Bank 1423 1418 1410 1433
DLF 145 143 141 150
BHEL 196 194 192 199
SBI 2418 2400 2390 2450
Tata Steel 455 453 452 458

Notes:
1. All levels are in cash. Please trade accordingly in futures
2. Buy above or sell below the levels given for a target of T1, T1 with strict SL.
3. Those who are trading in futures, please trade with 2 lots and book profits at T1.
4. Buy or Sell here does not indicate that the stock is positive or negative for the day.
   The calls are valid only if the levels are crossed.
5. Do not enter the trade if the target T1 is achieved within 15 minutes of opening. 
 
Please take positions only after 9:30 AM. Please do not enter into any fresh trades after 3:00 PM.

Please do not trade blindly on these levels. A buy position should be supported  by charts giving positive signals. A sell position should be supported by charts giving negative signals. Please see real trades in earlier posts to understand how an intraday long or short is created. 

For Past Performance of Pre-market Calls , please visit 



Please refer to our unique Intraday Trading Systems to generate your own trading calls. 


Any significant news which affects individual stocks or overall market direction will invalidate the technical analysis behind the above views. In such a situation use real time charts to trade. 

All the views and content mentioned in this blog are the personal observations of the author and is in no way a recommendation for the readers to enter into trades of stocks/futures. The author do not accept any liability/loss resulting from the use content from this blog. Any act of trading performed by readers should be at their own discretion and neither the author or the sources mentioned in the blog will be responsible for the outcome. 

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