Wednesday, October 28, 2009

Views For Wednesday

  1. Nifty is trending down, it could fall further down
  2. Supports are placed at 4759.40, 4771.05, 4813.50
  3. Resistances are placed at 4852.30, 4893.30
  4. Intraday: If falls below 4759.40, Buy Nifty Futures below 4759.40 SL= 4732, target = 4813.
  5. Investors looking for buying opportunity should wait for sub 4750 levels

Tuesday, October 27, 2009

Views For Tuesday

  1. Supports are placed at 4936; 4927; 4914;
  2. Resistances are placed at 4997; 5016; 5034
  3. Intraday: Buy Nifty Futures below 4936 spot, targets: 4953; 4966; 4985
  4. If closing comes below 4913; it would signify birth of a downtrend

Monday, October 26, 2009

views for monday

  1. Today 4936.20 is the iron support
  2. Resistances above are 4999, 5019.70, 5038.70, 5057.70
  3. Nifty has created a range of 261 points between 4921 and 5182
  4. So as long as it is below 5082.30 the volatility would tend to be high
  5. In October so far, FIIs are buying and DIIs are selling

Sunday, October 25, 2009

weekly outlook

  1. This week Overbought Level is 5239 and Oversold Level is 4759.
  2. Pivots for Support & Resistance would be; 4907; 4942; 4999; 5055; 5147; 5187; 5239;
  3. If 4942 is supported, we might see 5200.
  4. The 5 ema, weekly is hovering at 5000 for the second consecutive week.
  5. The Options data suggest range-bound market with positive bias
  6. Momentum Oscillators Suggest a small bounce ahead.

Thursday, October 22, 2009

views for thursday

  • Positional: Buy Nifty below 5014, SL=4956 spot; for a target of 5032, 5045, 5064, 5076, 5094, 5113.

Saturday, October 17, 2009

views for muhurat

  1. Positional: Short Nifty if spot goes above 5175 for targets of 5157, 5143, 5123, 5111, 5100

Friday, October 16, 2009

views for friday

  1. The daily Overbought level is 5152.65
  2. Sell Nifty above 5152.65 Spot level for a target of 5120, 5100, 5087, positional call

Saturday, October 10, 2009

weekly outlook

  1. The weekly Overbought level is 5172.50, which would be very strong resistance
  2. The Pivots for Supports and Resistances below that are; 5120, 5079, 5022, 4987
  3. The 5 EMA is around 4929
  4. Nifty is likely to get strong support between 4859 - 4872
  5. Nifty would remain range-bound with positive bias
  6. Put Options for Nifty are going to get dearer/expensive
  7. Common traders are likely to expect a reversal in the trend, while there is none
  8. Wishing You All A Happy Prosperous and Wonderful Diwali

Sunday, October 4, 2009

weekly outlook

  1. The weekly overbought level is 5171; this should act as strong resistance
  2. The pivots below that would be 4980; 5017; 5075; 5117;
  3. The 5 ema weekly is about 4922; this should act as good support
  4. Investors going long should hedge through 4400 puts (Rs 10)
  5. Good conditions for a swing are building up

Thursday, October 1, 2009

views for october 2009

  1. The monthly overbought level is 5155
  2. The breakout point is at 5616
  3. Nifty would face good resistance above 5155
  4. The ยต is 4526; it can retrace upto this point
  5. The maximum level that Nifty could attain before 31 Dec 2009 is 5681
  6. In a time frame of 3 - 6 months, nifty is getting overbought
  7. The important supports and resistances would be placed around: 4674.60, 4766.50, 4915.10, 5020.85, 5155.55, 5226.10, 5326.80, 5416.30, 5616.40