NIFTY OUTLOOK
>> Wednesday, October 6, 2010
WE HOPE BREAK-OUT ABOVE 6268
BREAK-DOWN BELOW 6028
BEFORE THIS WEEK END.
BEFORE THAT BREAK-UP/BREAK-DOWN
PLAY WITH MID-CAP STOCKS
WHICH ARE NOT PARTICIPATED IN THE RALLY.
BETWEEN 6044 TO 6244 BULLS CAN BUY IN DIPS AND EXIT
WITH MINIMUM PROFITS. BEARS CAN SHORT AT RALLY AND
EXIT WITH MINIMUM POINTS.
FOR TOMORROW
POSITIVE ABOVE 6177 AND NEGATIVE BELOW 6155.
EXPECTED RANGE
IN SPOT 6111-6222
Nifty SAR 6050
NIFTY OUTLOOK
>> Tuesday, October 5, 2010
NIFTY MAYBE HIGH & LOW FOR 6-10-10
6233-6161
MACD positive divergence would be at 6193-6222
Nifty closing below 6143 would render Immediate trend negative.
critical reversal point would be 6020
nifty should close at/above 6280 TO CONTINUE BULL PHASE
NIFTY OUTLOOK
>> Monday, October 4, 2010
NIFTY TOMORROW MAYBE HIGH & LOW IS
6227 & 6147
Call Option 6200-6500 added (27.5 lacs) OI with unwinding seen at 6100 and lower strike price. Put Options 5800-6200 added (26.7 lacs) huge OI with some addition also seen at 5700 strike price
Current Spot: 6159.45
Pivot: 6175
5DEMA: 6090
10DEMA: 6027
20DEMA: 5910
50DEMA: 5697
RSI (7 days): 82.71
Parabolic SAR: 5969
Supports: 6129 - 6098
Resistance: 6206 - 6253
NIFTY SAR IS 6020
EURO AND US DOLLAR WEEKENING AGAINST ALL ASIAN CURENCIES.
AS LONG AS THIS TREND CONTINUES FII'S WILL
BUY ASIAN STOCKS AND HEDGE THEIR DOLLAR. SO BEARS HAVE
TO WATCH RUPEE MOVEMENT BEFORE MAKING SHORTS.
WE HOPE THIS CONSOLIDATION
BETWEEN 6044 AND 6244 WILL CONTINUE UP TO WEDNESDAY
AND THEN NIFTY MAY MAKE ANOTHER CLEAR MOVE
Read more...
NIFTY OUTLOOK
>> Sunday, October 3, 2010
A major support has formed at 5930 levels.
Friday bar was one of the biggest in last 2 weeks so the Friday low (6030) is critical.
Because of this, consider trend as up as long as 6030 holds.
with support @ 5930
The next technical resistance for nifty future seems close to the level of 6205 and 6245 levels. Decisive closing above this resistance zone may take up nifty future to the levels of 6292-6336 in near future
Read more...
NIFTY OUTLOOK
>> Saturday, October 2, 2010
NIFTY MAYBE HIGH 6222
MAYBE LOW 6088 ON MONDAY
EXPECTED RANGE 6088-6222
RESISTANCE FOR 04/10/2010..... 6199/6222
SUPPORTS FOR 04/10/2010..... 6133/6088
BUY NIFTY ABV 6160 SL 6140 TARGET 6250
BUY NIFTY 6300CA TGT 200
6400 CA TGT 130
6500CA TGT 100
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