UPA Winning Vote of Confidance? -The Charting Way---Santosh Gundecha

It is said that charts speaks. Now can we have better event than this (Vote of Confidence)? Today Nifty Futures just broke Falling Wedge on upside at 4050 levels. We are still on border, however we have broken on upside. The next targets are coming at 4185-4220 and then 4320.

I am not looking at any other view or news. Just trying to read chart. It is a difficult task but I am making an attempt as a Case Study. If we trade above breakout level of 4050 on Monday and Tuesday too , we can safely assume that UPA IS WINNING the vote of confidence.

I know I am making a big statement . All analysts will start saying this , after result is declared.. I am making a view with my neck out .

The other view:
The other view I am saying now , which u all will say , is contradicting to my earlier view but please read between lines. We are more intersted in markets, and its movement. If we trade above 4050 on Monday and Tuesday ,we are surely going up..Let the result of UPA be any ways. May be we will have some blip on 23 rd and People get trapped in shorts and market start moving up. So I will suggest to be careful in shorting after voting is done.

This is all my guesstimate, and attempt to read chart. The condition here is market stays above 4050 for two days.

The last but not least..My favorite subject-- Astro views.. Lets hope Saturn and Mars are cooling down and helps market.

Disclaimer- This is just an attempt--Pl trade with stop loss in place and make ur own judgement before trading and investing , as this is not a small issue.

Nifty futures for 16 th July

As written continuously market is undergoing through a very bad phase from varius aspects. we had breached a big support for Nifty Futues at 3810 near close ,which we can say still holding as it broke 3810 in the last 5 minutes of close.
Now for today again 3810>>3750>>3700 are supports . on upside Nifty have many hurdles to corss.
Resistances for Nifty futures being at 3840>3880>3920.

I will advice traders not to look for short lows.Markets looks oversold.

Nifty Futures for 15 th July---Santosh Gundecha

As written in my earlier report Volatility is at its best. Bouts of buying and sudden selling is witnessed daily. For 15 th July Nifty Futures can take support at 3915>>3870.
The resistance for the up move is at 3980 >>4010>>4045 and then at 4090--4100 .

We will open big gap down . This is what I have given in my astro- techno update yesterday. Nobody had expected market to open such a big gap down , I know many ,who had gone long overnight yesterday . This should be avoided .

Those who wish to trade nifty, can try to buy near Supports given above in report ,after the initial gap down. They can books profits at the resistances given above or exit when momentum halts. Better use of Stop loss and trail it for maximum benefit .

These are the days of high volatility, so when one initaite the position should have a close watch on trade and use Stop Loss judiciously without fail.

One can try to buy Options in most beaten stock in techs like Infosys or Satyam in the dips. Market has a tendency of over reaction. I will try to post some call in option live if possible. Do not forget to use Stop loss in Options too.

Nifty Futures for 9th July ..Santosh Gundecha

From last one week we are moving in a range of 3800 to 4100. On daily charts daily there is a Black candle followed by White and again Black candle. The daily volatility is because of international markets as well as Big internal Political chaos. And Media is adding fuel to speculation on political front.

Break on either side can give good move .( This can happen once certanity/stability is established on political front.) The latest news is PM is in favour of having vote of confidence on 11 th July. Lets see what happens and how much 'Horse trading' takes place.
So again my 'D' Dates of 15 th to 18th July ( Astro view ) is crucial it looks. We are hitting Bulls eye.

NIFTY FUTURES FOR 7th JULY----SANTOSH GUNDECHA

As written earlier for 4th July’s Nifty Futures, I had said ‘The political drama continues’. It is still continuing and looks it will go on for some time ( Till at least 15th July as per our Astro guess? ).

But this time political situation looks a little different than it used to be earlier especially in crisis. It looks little better and stable as of now. (The silver lining which was looking on 4th is looking more brighterJ. But as said earlier ‘nobody can be sure of politicians and take them granted’. But let’s hope for better as it looks so.

Nifty futures for 7th July , if trade above 3980 it has targets of 1) 4045 2)4080-4100 3)4180

But if we trade below 3980 we have support of 3940-3910 and then 3870.


For the week we can see targets of 4230-4330 on upside and if it moves south ( thanks to political chaos) we have good support at 3810-3750

I am in favour of buying at dips nears supports…