MARKET SECTOR OUTLOOK

>> Wednesday, June 30, 2010

NIFTY MAGIC POINTS ARE 5365 and 5267

Tomorrow, fresh long position should be taken only above 5333 with stop loss of 5290. On

higher side, it will find resistance at 5365 and major hurdle at 5420.

Short position should be taken only below 5265 with stop loss of 5300. On down side, it will find

support at 5220 and 5165.

Nifty future's Maybe high and low for1-7-10 are

5369 and 5272
Bank Nifty future's projected high and low for 1-7-10 are

9599 and 9400

resistance at 9507 abv & sustain it 9507 will kiss 9565-9587.

Downside support at 9459


OUT PERFORMERS
-------------------------------
MIDCAP IT, SHIPING, TELECOM, AND MEDIA.



UNDER PERFORMERS
--------------------------------
LARGECAP IT,PHARMA AND FINANCE.

Read more...

NIFTY OUTLOOK

>> Tuesday, June 29, 2010

Nifty UPPER LIMIT MAYBE 5295
LOWER LIMIT MAYBE 5212

Break of 5200 can show sharp slide till 5173

On lower levels it will find strong support at 5151.

Considering weakness in US markets
SGX NIFTY ALSO CLOSED @ 5230
we may also have weak opening,
But considering that its the last day of the month we may have a smart pull back as well.

Buying should be considered at lower levels of 5173 with stop loss of 5150.

MAGIC POINTS ARE 5308 and 5225

Read more...

Nifty Levels

>> Monday, June 28, 2010


TURNING POINTS ARE 5367 and 5305

NIFTY TRADING PLAN

On the eod chart, nifty has broken out of a flag pattern.

5367 will be critical level for bulls tomorrow.

Crossing and trading above 5367 with volumes, nifty future will move to 5385 and 5405.

On the other hand , 5305 has become critical level to watch for all long trades.

Break and trade below 5295 with volumes will take nifty to 5260 and 5225.

breaches 5260, a correction is expected to 5220 stop loss at 5260 for their long positions.

On an intra-day basis Nifty has a support at 5305 and is likely to face stiff resistance near 5370.

If it breaks 5295, intraday trend will be negative and it may go down further to 5280 5260 & 5225.

However, a move above 5370 can see the Nifty going higher to 5400 and then 5425


OUT PERFORMERS
----------------------

SHIPPING, EXPORT,MEDIA SUGARS AND TEXTILES.


UNDER PERFORMERS
-------------------------------

POWER BANKS IT AND FINANCE



Read more...

NIFTY OUTLOOK in SHORT TERM

>> Sunday, June 27, 2010

A closing below 5280 can take nifty to 5173

NIFTY MAGIC LEVEL 28.6.10 ARE 5314 and 5270

In the short term,

Nifty down trend with targets of 5260,5200,5170

Stoploss above 5348.



Read more...

MARKET SECTOR OUTLOOK

>> Saturday, June 26, 2010

NIFTY TRADING RANGE
===================================
5200/5244-5288/5311/5333
EXPECT POSITIVE UPTO NOON AND
NEGATIVE AFTER NOON.

OUT PERFORMERS
-------------------------------
PSU PHARMA STEEL AND METALS BEFORE NOON.

BUY SESAGOA,SAIL, TATASTEEL, JSWSTEEL, JINDALSTEL, NMDC, GMDC, STER, HINDALCO, NALCO, HINDZINC

BUY ORCHID FORTIS DRREDDY GLENMARK CIPLA


UNDER PERFORMERS
-----------------------------------
BANKS IT FINANCE REALESTATE AUTO AFTER NOON.

SELL DLF, UNITECH, HDIL,IBREALEST.

SELL MARUTI, TATAMOTORS, M&M,ESCORTS.

SELL INFOSYS, WIPRO, TCS, HCLTECH, MPHASIS, PATNI

SELL BANK NIFTY, AXISBANK. ICICIBANK.KOTAKBANK, SBIN, CANBK, RELCAPITAL, HDFC.


EXPECTED RANGE 5200-5333

Read more...

>> Friday, June 25, 2010

HAPPY WEEKEND

Read more...

NIFTY OUTLOOK

>> Thursday, June 24, 2010

MAGIC POINTS ARE 5354 and 5278

WE ARE ONE OF THE FEW THOSE WHO BELIEVE THAT
THE MOVEMENT OF NIFTY DECIDED BY THE
" NET CUMULATIVE INTEREST OF THE PARTICIPANTS ".
STILL WE HAVE NO FAITH IN THE OPERATOR CONCEPT.
TODAY IS ANOTHER DAY MAKE CHALLENGE TO OUR FAITH.
GOD ONLY KNOWS HOW DII'S ARE ABLE TO OFFLOAD STOCKS
WORTH OF 1000 CRORES WITHOUT ATLEAST A 50 POINT
DOWN IN NIFTY IN LAST TWO DAYS.

NIFTY CLOSES FLAT AT 5320 AFTER VOLATILE MOVEMENT.
DOJI IN THE DAILY CHART INDICATE REVERSAL TREND.
WAIT FOR ANOTHER CONFIRMATION. ANYHOW NIFTY MAY
TOUCH 5200 WITHTHIN TWO DAYS. TWO CLOSING
BELOW 5156 WILL ONLY CONFIRM THE REVERSAL.


NIFTY TRADING RANGE FOR 25/06/2010
===================================
5200/5244/5288-5333/5355


OUT PERFORMERS FOR 25/06/2010
-------------------------------
PHARMA, MEDIA AND BROKERAGE FIRMS.

UNDER PERFORMERS FOR 25/06/2010
-----------------------------------
MATAL, STEEL, OIL, MINES , AND REALITY.





Read more...

SECTOR OUTLOOK

>> Wednesday, June 23, 2010


OUT PERFORMERS FOR 24/06/2010

-------------------------------

TEXTILE PHARMA PAPER IT AND REALITY.


UNDER PERFORMERS FOR 24/06/2010

-----------------------------------

MATAL, STEEL, OIL, MINES , SHIPPING

Read more...

NIFTY OUTLOOK

"5345 to 5290" - decisive into tomorrow's trade.

5330 is the all important pivot level for nifty on expiry day.

5345- 5360 will act as strong resistance.

Trading above this level could see nifty moving to 5380-5390.


Similarly 5290 - 5305 will act as support region for nifty.


Trading below this level could see nifty moving to 5275.


Volumes indicate another narrow range day.


An expiry without fireworks ?? Let us wait and see tomorrow.

5380-5400-5250 OVER ALL RANGE

WE EXPECT NEGATIVE DAY. BUT DONT EXPECT

ANY FREE FALL






Read more...

4th WAVE CORRECTION MODE KNOCKING

A corrective phase has started as a 4th wave: Trading, not holding, gives you money for two days in a range of (5225)5260-5275 to 5335-5350(5400). Hold partly from the lower levels.
100 to 125 points from the highs, this 4th wave may find its bottom for the next upmove.

Read more...

NIFTY OUTLOOK

>> Tuesday, June 22, 2010

LEVELS TO WATCH 5310 fut and 5380 fut.

SPOT MAGIC POINTS ARE 5344 and 5296

SUP 5304 5290 5276 5256 5230
RES 5333 5347 5358 5369 5385
BULLS TRYING THERE LEVEL BEST TO HOLD 5300. BUT WEAK
GLOBAL MARKETS AND EXPECTATIONS OF RBI RATE HIKE ARE
PULLING DOWN NIFTY. GAP-DOWN OPENING BELOW 5288 CAN
MAKE ANOTHER 60 POINT CORRECTION AS PER CHARTS
NIFTY TRYING TO FILL GAP AT 5250 LEVEL?

WE EXPECT MILD POSITIVE UPTO NOON AND
NEGATIVE AFTER 2.30PM.


OUT PERFORMERS FOR 23/06/2010
-------------------------------
MEDIA, BROKING FIRM,TELECOM AND BANKS. UPTO NOON.

UNDER PERFORMERS FOR 23/06/2010
-----------------------------------
MATAL, STEEL, OIL, AND MINES STOCKS MAY
FALL AT CLOSING HOUR.


one can go long above 5325 with opening sessions low as the stop loss. On higher side, it will find resistance at 5345 and 5375. While I do believe 5420 to be a hurdle, it will be better not to remainshort above 5345.
One can go short below 5290 with stop loss of 5330. On lower levels, it will find support at 5260 and 5220.

Read more...

MARKET SECTOR OUTLOOK

>> Monday, June 21, 2010

ON 22nd JUNE NIFTY MAY OPEN WITH FLAT TO -VE

OUT PERFORMERS MAYBE
-------------------------------

TELECOM, SHIPPING, EXPORT AND REALITY


UNDER PERFORMERS MAYBE
-----------------------------------

ALL LARGE CAPS AND PSU

Read more...

NIFTY OUTLOOK

CLEARLY BEARS ARE NOW SITTING WITH HUGE LOSS AND EVEN
BULLS ARE NOT READY TO GO MORE IN LONGS. ANY FALL IN
GLOBAL MARKETS WILL REFLECT IN NIFTY IN MULTIPLES.

NIFTY TRADING RANGE FOR 22/06/2010
===================================
5200/5244/5288-5377/5389

STRONG ASIAN MARKETS AND BUYING BUY INSTITUTIONS LEAD
NIFTY TO TOUCH 5366 WHICH IS 33POINTS BELOW YEAR HIGH.
WE HAVE TO WATCH IS NIFTY IS GOING TO CROSS OVER 5400
AND TO MAKE NEW YEAR HIGH OR THIS IS DOUBLE TOP FROM
WHICH ANOTHER CORRECTION WAVE COULD START.

5DAY RSI 85 AND 14DAY RSI 65
INDICATE NIFTY IS IN OVERBOUGHT ZONE.



WEEKLY KEY RESISTANCE@5400

WEEKLY KEY SUPPORT@5066

NIFTY MAGIC LEVEL 22.6.10

MAGIC POINTS ARE 5388 and 5327


Read more...

NIFTY OUTLOOK FOR NXT WEEK

>> Saturday, June 19, 2010


MAGIC POINTS ARE 5286 and 5237

NIFTY START TO MOVE DOWNWARDS RALLY OF GLOBAL
MARKETS ALSO MUTED.RBI FEEL THE HEAT OF INFLATION.STREET
EXPECT RATE HIKE BEFORE THIS WEEK.
WE EXPECT RANGE BOUND MARKET 5066-5333

NIFTY TRADING RANGE FOR 21/06/2010
===================================
5155/5200/5244-5288/5311
WE EXPECT NEGATIVE OPENING AND RECOVERY
FROM NOON

OUT PERFORMERS FOR 21/06/2010
-------------------------------
BANK AND FINANCE. STEEL PHARMA AND OIL AT CLOSING.

UNDER PERFORMERS FOR 21/06/2010
-----------------------------------
ALL POWER INFRA TELECOM AND PSU

Read more...

Nifty starts the minor correction Friday




Nifty starts the minor correction on Friday which may end by 100-150 points

Read more...

Nifty Levels

>> Thursday, June 17, 2010

MAGIC POINTS ARE 5330 and 5231

NIFTY STRONG ABOVE 5330
WEEK BELOW 5231

OUT PERFORMERS FOR 18/06/2010
-------------------------------
SUGAR REALITY POWER INFRA AND TELECOM.

UNDER PERFORMERS FOR 18/06/2010
--------------------------------

ALL LARGE CAPS.


5DAY RSI 82 AND 14DAY RSI 62
INDICATE NIFTY IS NOW OVER BOUGHT ZONE.

EXPECTED RANGE FOR 18/06/2010.
5155-5311

RESISTANCE FOR 18/06/2010..... 5288/5311
SUPPORTS FOR 18/06/2010..... 5244/5200/5155

Read more...

tommorrows view

>> Wednesday, June 16, 2010

Today(16-6-10)Nifty opened at 5256 with a gain of 34 points, moved in the narrow range of 5215 - 5256 and closed at 5233 with a gain of 11 points. Nifty futures range was 5211 - 5249, a difference of 38 points only. Today's Nifty closing is below the Upward breakout level for the day at 5257 and hence anticipate downward movement tomorrow.

Tomorrow'sUpward breakout level is at 5306

MAGIC POINTS ARE 5257 and 5207

MACD histogram starts getting buried deep below zero indicating that the bullish trend is nearing its end, giving caution to the long trades. Trend position locks close to 150 points as the value zone moves up at 5184- 5216

REALITY SECTORS RALLY FOR LAST TWO DAYS.THIS WILL CONTINUE FOR NEXT TWO WEEKS WITH LITTLE JERKS.BUY IN DIPS AND SELL IN
RALLY

HUGE NEGATIVE FOR PSU SECTOR STOCKS SELL IN EVERY RISE AND BOOK PROFITS IN DIPS.

HUGE POSITIVE FOR PHARMA SECTOR BUY IN DIPS AND BOOK PROFITS IN RALLY.

SUDDEN DROP OF 100POINTS IS ON CARDS.

OUT PERFORMERS FOR 17/06/2010
-------------------------------
PHARMA FERTILIZES SUGARS & IT


UNDER PERFORMERS FOR 17/06/2010
--------------------------------
BANKS FINANCE AND MID-CAP STOCKS.

EXPECTED RANGE FOR 17/06/2010.
5111-5266

RESISTANCE FOR 17/06/2010.5249/5266

SUPPORTS FOR 17/06/2010.5177/5155/5111


Bank Of India


Sell below 329 for a target price of Rs 324-320 with stop loss of Rs 334.

Tata Communications


Buy around 253-254 for a target price of Rs 263-270 with stop loss of Rs 248.

TCS


Buy above 781 for a target price of Rs 792-803 with stop loss of Rs 770


Read more...

NIFTY MAGIC LEVEL 16.6.10

>> Tuesday, June 15, 2010

MAGIC POINTS ARE 5257 and 5198

Resistance and supports are 5277 and 5120

BULLS MANAGE TO CLOSE ABOVE 5222. BUT IS OUR
MARKET IS GOING TO BREAK 5257 IS TO WATCH.
OUR VIEW IS THAT WE ARE AT UPPER END OF THE
4750-5257 RANGE. AND WE HOPE ANOTHER DOWN
WAVE COULD START TODAY OR TOMARROW.

TODAY ALSO BULLS WILL MAKE SOME ATTEMPTS.
BUT BEARS ARE GETTING READY TO EAT OUT
THE UPMOVE FROM 4933 TO 5257

NIFTY TRADING RANGE FOR 16/06/2010
===================================
5111/5155/5177-5244/5266

WE EXPECT POSITIVE UPTO NOON AND
NEGATIVE CLOSING TODAY.


OUT PERFORMERS FOR 16/06/2010
-------------------------------
PHARMA AND REALITY

UNDER PERFORMERS FOR 16/06/2010
--------------------------------
TELECOM AND MIDCAP STOCKS.

SEE PARTICIPANT FILL WITH CONFUSION.

buy suzlon 57 sl 55.5 tgt 60/61
elivery: buy sterlite 679.5 sl 670 tgt 698/718
buy sesa goa 353 sl 351 tgt 359.5/363

Read more...

Nifty Levels

>> Monday, June 14, 2010

NEXT RANGE 5044-5244

NOW read carefully


DON;T reamin short if closes above 5244

&

DON;t reamin long if closes below 5044

Read more...

About This Blog

  © Blogger templates Shiny by Ourblogtemplates.com 2008

Back to TOP