Trade with Ajeet Singh

A Free trading Hub for fellow traders, updated fortnightly.

17 Nov 2016

Today Banknifty Future is facing
Resistance at around 19225-19300
So if it breaks 19300
and stays above this level
Then will try to check level of 19450
Today’s Supports are at 19050 & 18980
and below 18980………
the next support is at around 19820

******************************

Nifty Future
is expected to open on Positive note
and I think there will be
selling pressure during the day
Nifty Future has resistance
in range of 8140-8160
but if it breaks 8160
and trades above this level
then will try to touch 8195
But be cautious at higher levels !!!
Today Nifty Future has
supports at 8100 & 8080
and if it breaks 8080
and stays below this level
then more panic is expected
upto 8040 & 7970

11 Nov 2016



8 Nov 2016

























7 Nov 2016
















Gann View 7-11 Nov 2016



Nifty (Spot) respected the level of 8737
which was  posted very well in advance
and Nifty achieved its target of 8434.
And not even this, Nifty gave a weekly close
exactly at Gann level of 8434.
On Thursday ( 03rdNov2016)
Nifty gave a significant close below 8510
and as it was posted that a close below 8510
will open the doors for downwards,
and the very next day Nifty rewarded us
with 100+ points in short side. 
We are heading towards an important
and major support zone and
we may witness a very sharp rally
of around 500-600 points.
As in the coming week US Election are awaiting,
so it would be better to trade less
with very very strict Stoplosses.
I would not recommend any new shorts,
rather look for support zone to make fresh positional longs. 

Major support levels are:
8365-8330,8294- 8273-8255, 8128, 8070.

Major resistance levels are :
8504, 8600, 8710-8737, 8831, 8952.

BankNifty may take support in the zone of 18950-18820.

All Credits to DPK

Nifty Spot weekly Analysis (6 Nov 2016)

Nifty Spot



Huge volatility is expected ahead of US Elections
Here is past 6 months chart of Nifty Spot
Chart is showning Trend Decider Levels at 8400 & 8550
Nifty spot has taken support @ 8400 on friday & Closes @ 8433.75
So if breaks 8400 and closes below this level
then next supports are at 8285, 8240 and 8150.
Nifty Spot is facing Resistance at 8550
& Once if it breaks and closes above this level
then will try to move 8615, 8675 and 8735 levels




McDowell-N



This is MCDOWELL-N 1 year chart
See stock has broken strong support of 2118
and closes below the level
Now it considers supports at 1960,1920 and 1825
and at higher level, its facing resistances at 2120 & 2230
So if there comes higher levels then we can do shorts
for target of around 1500!!


Happy Trading !!!

2 Nov 2016



While updating this post,
SGX-Nifty is trading @ 8570 i.e. down 80 points
So Nifty Future is expected to open Gap-down
 And likely to witness selling pressure during the day
 Today Nifty Future is facing Resistances at 8640 & 8665
 So Stay caution at higher level
& Don’t jump and buy!!…..
If there comes Resistance level then can do shorts!!
Nifty Future considers supports at 8600 & 8570
And below 8570…………. 
More selling pressure will be expected up-to 8545
Stocks in action will be:
Axisbank, Hindalco, Infy, Hdfc
Happy Trading !!!

1 Nov 2016

FUTURES:

BEML
BUY  AT WHEN MOVES UP 947
TARGETS 952, 957
OR
SELL AT WHEN MOVES DOWN 939
TARGETS 934, 929


APOLLOHOSP
BUY AT WHEN MOVES UP 1343
TARGETS 1353, 1363
OR
SELL AT WHEN MOVES DOWN 1337
TARGETS 1327, 1317


AXISBANK
BUY AT WHEN MOVES UP 492
TARGETS 496, 500
OR
SELL AT WHEN MOVES DOWN 488
TARGETS 484, 480



TCS
BUY AT WHEN MOVES UP 2405
TARGETS 2420, 2435
OR
SELL AT WHEN MOVES DOWN 2395
TARGETS 2370, 2355


CIPLA
BUY  AT WHEN MOVES UP 578
TARGETS 583, 588
OR
SELL AT WHEN MOVES DOWN 573
TARGETS 568, 563



NIFTY:
I expect Nifty Future to open flat
and likely to witness selling pressure at higher levels!!
 Today Nifty Future is facing resistances at 8645 and 8665
So if breaks 8665 and stays above this level….
then next Resistance is at 8700 (Trend Decider Level)
But stay caution at higher level
and I advice, Don’t jump and buy!!
Nifty Future has supports at 8615 & 8590

But below 8590………….
More selling pressure is expected upto 8560









Nifty weekly View 1-4 Nov 2016





Above posted is last 3 months chart for Nifty Future
 For Nifty Future this week (i.e 30/10 - 4/11)
Trend Decider Levels are 8700 & 8545
Nifty 5th top line connecting around 8700,
Means……. stop of 8700 for shorts !!!   yess
So if breaks & Closes above 8700….
Then will try to move 8750 & 8840 levels!!
Nifty down side have strong supports at around 8505-8545
Suppose if it does not takes support……….
then will slide up to 8420 & 8330 levels
So I recommend, traders must keep close eye on 8700 & 8545!!!

Nifty Gann Levels 1-4 Nov 2016



As conveyed in my last post,
that a close above 8737
will open the gates for upper levels
and Nifty did made the exact high of 8736.95
and slipped from there to 8550.
So, last week positional traders made around 200+ points
from the longs near 8510
& then almost 150+ points from short near 8737.
And this is what Gann said that
"Plan your trade & Trade your plan".

Views remains the same.


Major support levels are:

8653, 8616, 8579, 8506, 8447-34, 8387, 8341, 8250, 8159

Major resistance levels are: 

8653, 8682, 8710-8737, 8805, 8869, 8952.