MARKET VIEW FOR THIS WEEK
This week RBI’s policy was main factor for market players and which was up to market expectation. In addition Q1 results for some companies was disappointing but overall it was a good one. Monsoon too was rather positive and this collectively contributed for nifty’s positive trading range for this week. On Friday nifty closed near the critical resistant 4655 and through out the week nifty managed to hold the critical support 4520 and at every dip there were buyers around the 4520 levels. By and large this week was positive and tight range trading week, in addition a breakout pattern had formed.
MARKET VIEW FOR COME WEEK
For come week I expect nifty would trade in a mixed range because I think IPO issue will suck some liquidity from the market. Again the Q1results will have its impact in the market which would take nifty to higher levels. This week market had closed above the June 5th close and based on this we may expect nifty to trade positive. Still 4520 levels is a critical support and 4655 levels as a critical resistant to watch. Let’s watch what happens next week.
MARKET VIEW FOR MONDAY
As Friday nifty managed to close near the resistant 4655 levels we might expect a up move and global cues should not be ignored. Nifty had expected to cross 4700 levels last week and had not happened as such I expect it might happen on Monday or within the week. IPO issue should not be ignored.
NIFTY LEVELS
Technically in the price chart a breakout pattern had formed and above 4655 levels we may expect a slight up move. I suggest visitors to buy nifty with strict stop loss 4583 levels.
SUP: 4615, 4583, 4520. RES : 4655, 4702, 4734.
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Friday, July 31, 2009
YESTERDAY CALL
Today nifty crossed the second resistant 4655 and also corrected but had not broken the support 4583 level.
MARKET VIEW FOR TODAY
Nifty had a gap opening and almost faded today itself and FII’s were net buyers. Even though it had corrected it managed to close near the critical resistant 4655 levels. August contract started and ended in positive.
Tomorrow I will update market view for this week and come week.
Thanks for visiting!
Today nifty crossed the second resistant 4655 and also corrected but had not broken the support 4583 level.
MARKET VIEW FOR TODAY
Nifty had a gap opening and almost faded today itself and FII’s were net buyers. Even though it had corrected it managed to close near the critical resistant 4655 levels. August contract started and ended in positive.
Tomorrow I will update market view for this week and come week.
Thanks for visiting!
Thursday, July 30, 2009
YESTERDAY CALL
Today nifty hit the support level 4480 and bounced back but had not crossed the critical resistant 4583.
MARKET VIEW FOR TODAY
Today nifty managed to close near the resistant 4583 and far away from 4520 levels. To my knowledge I feel we may see some up move form this level because open interest had increased for the august contract. Let’s see what happens tomorrow.
MARKET VIEW FOR FRIDAY
Tomorrow I feel we may see a bit up because today nifty closed near the 44583 levels. However I am not still confident in the up move because the gap had not yet filled. Again I suggest visitors to stick to levels and to trade on their own.
NIFTY LEVEL
Technically I could not make out any direction from the price chart; still I need some more conformation pattern for a clear direction. I request visitors to keep an eye on the 4583 levels and decide your trades.
SUP: 4555, 4520, and 4480. RES: 4583, 4655, 4734.
Thanks for visiting!
Today nifty hit the support level 4480 and bounced back but had not crossed the critical resistant 4583.
MARKET VIEW FOR TODAY
Today nifty managed to close near the resistant 4583 and far away from 4520 levels. To my knowledge I feel we may see some up move form this level because open interest had increased for the august contract. Let’s see what happens tomorrow.
MARKET VIEW FOR FRIDAY
Tomorrow I feel we may see a bit up because today nifty closed near the 44583 levels. However I am not still confident in the up move because the gap had not yet filled. Again I suggest visitors to stick to levels and to trade on their own.
NIFTY LEVEL
Technically I could not make out any direction from the price chart; still I need some more conformation pattern for a clear direction. I request visitors to keep an eye on the 4583 levels and decide your trades.
SUP: 4555, 4520, and 4480. RES: 4583, 4655, 4734.
Thanks for visiting!
Wednesday, July 29, 2009
YESTERDAY CALL
Today nifty broke the first support and touched second and third support too.
MARKET VIEW FOR TODAY
Today market was very volatile. Nifty broke major support levels but still managed to close just near the 4520 level which is also important support. For past few trading sessions even though nifty broke the support levels it manages to close above 4520 levels.Today too FII’s were net sellers.
MARKET VIEW FOR THURSDAY
As tomorrow is the contract expiry day market again will remain volatile and in tight range. This week, for past three days, I had noticed that at every dip buyers are coming and nifty recovers from low and manage to close above or just below the critical support level 4520. Tomorrow inflation data is to come and I feel it will give direction for tomorrow trade.
NIFTY LEVELS
Technically a hurdle pattern had formed in the nifty price chart for its up move. However I would not suggest selling because nifty some how manage to close around 4520 levels. Again I could not guess the direction and suggest visitors to stick to levels and to trade on their own.
SUP: 4520, 4480, and 4440. RES: 4583.
Thanks for visiting!
Today nifty broke the first support and touched second and third support too.
MARKET VIEW FOR TODAY
Today market was very volatile. Nifty broke major support levels but still managed to close just near the 4520 level which is also important support. For past few trading sessions even though nifty broke the support levels it manages to close above 4520 levels.Today too FII’s were net sellers.
MARKET VIEW FOR THURSDAY
As tomorrow is the contract expiry day market again will remain volatile and in tight range. This week, for past three days, I had noticed that at every dip buyers are coming and nifty recovers from low and manage to close above or just below the critical support level 4520. Tomorrow inflation data is to come and I feel it will give direction for tomorrow trade.
NIFTY LEVELS
Technically a hurdle pattern had formed in the nifty price chart for its up move. However I would not suggest selling because nifty some how manage to close around 4520 levels. Again I could not guess the direction and suggest visitors to stick to levels and to trade on their own.
SUP: 4520, 4480, and 4440. RES: 4583.
Thanks for visiting!
Tuesday, July 28, 2009
YESTERDAY CALL
Nifty hit first support and first resistant, but didn’t not able to move further either side.
MARKET VIEW FOR TODAY
RBI’s decision was up to the market expectation, still nifty not able to upwards. I feel FII’s had booked some profit because they net sellers today. For past two days nifty had tested the low of 4520 and manage to close near the resistant level which shows some buying interest is there. However I am not confident on nifty up move.
MARKET VIEW FOR WEDNESDAY
Today too a waiting pattern is formed in the price chart and contract expiry is ahead so I could not guess on which direction would nifty move further.
NIFTY LEVELS
Technically tomorrow too would be a tight range trade because of contract expiry. I am unable to suggest either buy or sell so I give the levels and advice visitors to trade on their own according to the levels.
SUP: 4520, 4480. RES: 4583, 4615.
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Nifty hit first support and first resistant, but didn’t not able to move further either side.
MARKET VIEW FOR TODAY
RBI’s decision was up to the market expectation, still nifty not able to upwards. I feel FII’s had booked some profit because they net sellers today. For past two days nifty had tested the low of 4520 and manage to close near the resistant level which shows some buying interest is there. However I am not confident on nifty up move.
MARKET VIEW FOR WEDNESDAY
Today too a waiting pattern is formed in the price chart and contract expiry is ahead so I could not guess on which direction would nifty move further.
NIFTY LEVELS
Technically tomorrow too would be a tight range trade because of contract expiry. I am unable to suggest either buy or sell so I give the levels and advice visitors to trade on their own according to the levels.
SUP: 4520, 4480. RES: 4583, 4615.
Thanks for visiting!
Monday, July 27, 2009
YESTERDAY CALL
Nifty traded in a tight range so it didn’t hit either support level or resistant level.
MARKET VIEW FOR TODAY
Today nifty was volatile and FII’s were net buyers. I thought nifty would move upwards and touch 4655 levels, which is critical resistant for further up move, but even though Q1 results were good that had not happened.
MARKET VIEW FOR TUESDAY
Again Q1 results and RBI policy are to be watched for further direction. In addition FII’s are net buyers for past three days should not be left unnoticed. Based on this I suggest buying but with strict stop loss 4520.
NIFTY LEVEL
Technically a waiting pattern is formed in the price chart and to my mind, the issue must be RBI policy, would any decision turns against the expectation then the FII would drag index to 3600 levels. I suggest visitors trade cautiously sticking to the levels and strict stop loss. I suggest buying above 4583 levels with strict stop loss 4520.
SUP: 4568, 4520, and 4480. RES: 4583, 4620 4655. STOP LOSS: 4520.
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Nifty traded in a tight range so it didn’t hit either support level or resistant level.
MARKET VIEW FOR TODAY
Today nifty was volatile and FII’s were net buyers. I thought nifty would move upwards and touch 4655 levels, which is critical resistant for further up move, but even though Q1 results were good that had not happened.
MARKET VIEW FOR TUESDAY
Again Q1 results and RBI policy are to be watched for further direction. In addition FII’s are net buyers for past three days should not be left unnoticed. Based on this I suggest buying but with strict stop loss 4520.
NIFTY LEVEL
Technically a waiting pattern is formed in the price chart and to my mind, the issue must be RBI policy, would any decision turns against the expectation then the FII would drag index to 3600 levels. I suggest visitors trade cautiously sticking to the levels and strict stop loss. I suggest buying above 4583 levels with strict stop loss 4520.
SUP: 4568, 4520, and 4480. RES: 4583, 4620 4655. STOP LOSS: 4520.
Thanks for visiting!
Saturday, July 25, 2009
MARKET VIEW FOR THIS WEEK
This week I thought that there would be profit booking but had not happened. Nifty traded above the trading range that I had given. I feel only the monsoon and Q1results factors had taken nifty to this level. Even though profit booking had happened in the middle of the week nifty closed strong and above the psychological level 4500. However trading had been in a tight range which shows market is expecting some news for a break out. Let’s see what happens next week.
MARKET VIEW FOR COME WEEK [27-07-09 – 31-07-09]
For next week there are two events to watch, one is RBI monetary policy and another is contract expiry. I feel market may take direction according to the events. As last week nifty closed above the resistant level 4551 we can expect market to be in positive territory for come week. In addition Q1 results continue so according to the results nifty may react. To my knowledge only above 4655 level we can expect nifty to have a breakout. To my mind I consider last week trade has a waiting move and come week there will be a break out and I am not sure about the direction either up or down. Would any event turns against to the market expectation, then nifty might take downside direction and in that case 4480 level to be watched. I could not see any strong fundamental reasons for the last week up move, only Q1 results are the driving force and monsoon too is not that much encouraging. As I am unable to guess the RBI action I could not give the trading range for the week. Let’s see what happens come week.
MARKET VIEW FOR MONDAY
As nifty closed above 4551 level on Friday we can expect a up move on Monday. In addition Q1 results to be watched. Technically still I could not see any strength in the price chart only on the event basis and FII’s had bought more than 1000 crores in two days, Thursday and Friday, I suggest buying. I caution visitors to stick with levels and trade.
NIFTY LEVEL
Technically above 4583 levels nifty may touch 4620 and only above 4655 levels we might see an up move. However only with strict stop loss at 4480 levels I suggest buying.
SUP: 4515, 4480, and 4440. RES: 4583, 4620, 4655. STOP LOSS: 4480.
Thanks for visiting!
This week I thought that there would be profit booking but had not happened. Nifty traded above the trading range that I had given. I feel only the monsoon and Q1results factors had taken nifty to this level. Even though profit booking had happened in the middle of the week nifty closed strong and above the psychological level 4500. However trading had been in a tight range which shows market is expecting some news for a break out. Let’s see what happens next week.
MARKET VIEW FOR COME WEEK [27-07-09 – 31-07-09]
For next week there are two events to watch, one is RBI monetary policy and another is contract expiry. I feel market may take direction according to the events. As last week nifty closed above the resistant level 4551 we can expect market to be in positive territory for come week. In addition Q1 results continue so according to the results nifty may react. To my knowledge only above 4655 level we can expect nifty to have a breakout. To my mind I consider last week trade has a waiting move and come week there will be a break out and I am not sure about the direction either up or down. Would any event turns against to the market expectation, then nifty might take downside direction and in that case 4480 level to be watched. I could not see any strong fundamental reasons for the last week up move, only Q1 results are the driving force and monsoon too is not that much encouraging. As I am unable to guess the RBI action I could not give the trading range for the week. Let’s see what happens come week.
MARKET VIEW FOR MONDAY
As nifty closed above 4551 level on Friday we can expect a up move on Monday. In addition Q1 results to be watched. Technically still I could not see any strength in the price chart only on the event basis and FII’s had bought more than 1000 crores in two days, Thursday and Friday, I suggest buying. I caution visitors to stick with levels and trade.
NIFTY LEVEL
Technically above 4583 levels nifty may touch 4620 and only above 4655 levels we might see an up move. However only with strict stop loss at 4480 levels I suggest buying.
SUP: 4515, 4480, and 4440. RES: 4583, 4620, 4655. STOP LOSS: 4480.
Thanks for visiting!
Friday, July 24, 2009
YESTERDAY CALL
Today nifty touched the first support level 4515 but not corrected further as I expected.
MARKET VIEW FOR TODAY
Today nifty closed above 4550 levels which is an important resistant. I feel the Q1 results are the reason for the nifty up move. Even though selling pressure seen on higher levels nifty managed to close above 4550 which may considered as a cue for next week trade.
For next week market view I will update tonight or tomorrow.
Thanks for visiting!
Today nifty touched the first support level 4515 but not corrected further as I expected.
MARKET VIEW FOR TODAY
Today nifty closed above 4550 levels which is an important resistant. I feel the Q1 results are the reason for the nifty up move. Even though selling pressure seen on higher levels nifty managed to close above 4550 which may considered as a cue for next week trade.
For next week market view I will update tonight or tomorrow.
Thanks for visiting!
Thursday, July 23, 2009
YESTERDAY CALL
Today nifty had not reached the support level, this I didn’t expected.
MARKET VIEW FOR TODAY
Today nifty closed above the major resistant level 4480 I didn’t expected this.Today I think BHARATI result would have boosted the market.
MARKET VIEW FOR FRIDAY
Today there was a gap opening and was not faded so I feel there would be selling at higher level. Again I suggest selling at higher levels. Let’s see what happens tomorrow.
NIFTY LEVEL
Technically today nifty should have corrected but had not happened. Still I feel there will be selling at higher level. Technically in the price chart I could not see any upside breakout pattern and still I am on selling side. For tomorrow I suggest to sell nifty below 4480 with strict stop loss 4515.
SUP: 4515, 4480, 4440, and 4008. RES: 4551. STOP LOSS: 4551.
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Today nifty had not reached the support level, this I didn’t expected.
MARKET VIEW FOR TODAY
Today nifty closed above the major resistant level 4480 I didn’t expected this.Today I think BHARATI result would have boosted the market.
MARKET VIEW FOR FRIDAY
Today there was a gap opening and was not faded so I feel there would be selling at higher level. Again I suggest selling at higher levels. Let’s see what happens tomorrow.
NIFTY LEVEL
Technically today nifty should have corrected but had not happened. Still I feel there will be selling at higher level. Technically in the price chart I could not see any upside breakout pattern and still I am on selling side. For tomorrow I suggest to sell nifty below 4480 with strict stop loss 4515.
SUP: 4515, 4480, 4440, and 4008. RES: 4551. STOP LOSS: 4551.
Thanks for visiting!
Wednesday, July 22, 2009
YESTERDAY CALL
As I said nifty touched the first two support level and also hit the resistant level too. I told to sell only below 4440 level and nifty corrected as I expected.
MARKET VIEW FOR TODAY
Nifty today closed just below the resistant level 4008 but I didn’t expect nifty would reach 4551 level and it had happened. As I already told that if BHEL result disappoints market then nifty would correct and that had happened. Today volume had increased and price decreased which is bearish symptom. Let’s see what happens tomorrow.
MARKET VIEW FOR THURSDAY
Nifty reached 4550 levels and closed below 4400 level which shows that market players are in selling mood. In addition, out money put option 4600’s open interest had increased and in money call option 4300’s open interest had decreased, this clearly reflects the selling pressure that had created in the market. To my knowledge, tomorrow too I expect selling pressure at higher levels but as past two days nifty had corrected hardly 200 points I feel tomorrow nifty may trade in tight range possibly, negative.
NIFTY LEVEL
Technically in the price chart a bearish pattern had formed and I suggest selling for tomorrow. Tomorrow inflation data is to come which would give direction for tomorrow trade. I feel nifty would trade in tight range. I suggest visitors to stick to levels and trade accordingly. Below 4375 we can sell nifty for a target of 4290 with a strict stop loss 4440.
SUP: 4375, 4340, 4291, and 4240. RES: 4440. STOP LOSS: 4440.
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As I said nifty touched the first two support level and also hit the resistant level too. I told to sell only below 4440 level and nifty corrected as I expected.
MARKET VIEW FOR TODAY
Nifty today closed just below the resistant level 4008 but I didn’t expect nifty would reach 4551 level and it had happened. As I already told that if BHEL result disappoints market then nifty would correct and that had happened. Today volume had increased and price decreased which is bearish symptom. Let’s see what happens tomorrow.
MARKET VIEW FOR THURSDAY
Nifty reached 4550 levels and closed below 4400 level which shows that market players are in selling mood. In addition, out money put option 4600’s open interest had increased and in money call option 4300’s open interest had decreased, this clearly reflects the selling pressure that had created in the market. To my knowledge, tomorrow too I expect selling pressure at higher levels but as past two days nifty had corrected hardly 200 points I feel tomorrow nifty may trade in tight range possibly, negative.
NIFTY LEVEL
Technically in the price chart a bearish pattern had formed and I suggest selling for tomorrow. Tomorrow inflation data is to come which would give direction for tomorrow trade. I feel nifty would trade in tight range. I suggest visitors to stick to levels and trade accordingly. Below 4375 we can sell nifty for a target of 4290 with a strict stop loss 4440.
SUP: 4375, 4340, 4291, and 4240. RES: 4440. STOP LOSS: 4440.
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Tuesday, July 21, 2009
YESTERDAY CALL
Nifty hit first resistant but not able to stay there it had touched two support levels. As I said there had been selling pressure in nifty.
MARKET VIEW FOR TODAY
Today market saw some selling pressure and closed near the major resistant level 4480. To my knowledge profit booking had started.
MARKET VIEW FOR WEDNESSDAY
4480 levels should be watched carefully, would nifty able to break this level with good volume, and then I think we should change our mind from selling to buying for tomorrow trade. However I am still on the selling side.
So I suggest visitors to stick to the levels and trade accordingly.
NIFTY LEVELS
Technically a bearish pattern is formed in the price chart, even though 4480 levels should be watched carefully. Would nifty breaks 4440 with good volume only then we can sell nifty with strict stop loss 4480.
SUP: 4440, 4375, and 4340. RES: 4480, 4515, 4551. STOP LOSS: 4480
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Nifty hit first resistant but not able to stay there it had touched two support levels. As I said there had been selling pressure in nifty.
MARKET VIEW FOR TODAY
Today market saw some selling pressure and closed near the major resistant level 4480. To my knowledge profit booking had started.
MARKET VIEW FOR WEDNESSDAY
4480 levels should be watched carefully, would nifty able to break this level with good volume, and then I think we should change our mind from selling to buying for tomorrow trade. However I am still on the selling side.
So I suggest visitors to stick to the levels and trade accordingly.
NIFTY LEVELS
Technically a bearish pattern is formed in the price chart, even though 4480 levels should be watched carefully. Would nifty breaks 4440 with good volume only then we can sell nifty with strict stop loss 4480.
SUP: 4440, 4375, and 4340. RES: 4480, 4515, 4551. STOP LOSS: 4480
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Monday, July 20, 2009
YESTERDAY CALL
Nifty hit the resistant levels but this I didn’t expected. I thought nifty would be traded in negative zone and I was wrong.
MARKET VIEW FOR TODAY
Today nifty closed above 4480 resistant level which I didn’t expected. For past six trading sessions nifty had been trading in positive zone.
MARE KT VIEW FOR TUESDAY
Tomorrow BHEL result to come, which I feel will lead the market. As I earlier said that the result will not beat the street expectation I feel tomorrow nifty will trade in negative zone. Even though monsoon turns positive still below normal level which is negative for market. Furthermore, to my mind, IPO’s are to come in near future which may create a selling pressure in the market. Based on the above said reasons I still feel nifty will trade in negative one tomorrow. I suggest selling nifty with stop loss 4515.
NIFTY LEVEL
For past two days nifty had increased nearly 275 points and volume is not that much encouraging. Technically in the price chart tough bullish pattern is formed I would not advocate visitors to buy nifty because without correction it has increased 500. In addition DOW JONES too had a continuous rally for seven days so today, I feel, it would end up in red and also remain in negative zone for this week. If my understanding is correct nifty would trade in negative zone tomorrow. For tomorrow trade I give sell call with stop loss 4515.
SUP: 4480, 4430, 4375, and 4340. RES: 4515. STOP LOSS: 4515.
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Nifty hit the resistant levels but this I didn’t expected. I thought nifty would be traded in negative zone and I was wrong.
MARKET VIEW FOR TODAY
Today nifty closed above 4480 resistant level which I didn’t expected. For past six trading sessions nifty had been trading in positive zone.
MARE KT VIEW FOR TUESDAY
Tomorrow BHEL result to come, which I feel will lead the market. As I earlier said that the result will not beat the street expectation I feel tomorrow nifty will trade in negative zone. Even though monsoon turns positive still below normal level which is negative for market. Furthermore, to my mind, IPO’s are to come in near future which may create a selling pressure in the market. Based on the above said reasons I still feel nifty will trade in negative one tomorrow. I suggest selling nifty with stop loss 4515.
NIFTY LEVEL
For past two days nifty had increased nearly 275 points and volume is not that much encouraging. Technically in the price chart tough bullish pattern is formed I would not advocate visitors to buy nifty because without correction it has increased 500. In addition DOW JONES too had a continuous rally for seven days so today, I feel, it would end up in red and also remain in negative zone for this week. If my understanding is correct nifty would trade in negative zone tomorrow. For tomorrow trade I give sell call with stop loss 4515.
SUP: 4480, 4430, 4375, and 4340. RES: 4515. STOP LOSS: 4515.
Thanks for visiting!
Friday, July 17, 2009
Very sorry! I could not update yesterday due to net problem, please bear with me. Thanks.
MARKER VIEW FOR TODAY
Today market closed positively and at resistant level. To my mind Q1 results and good monsoon are the driving factors for market. Let’s see what happens come week.
MARKET VIEW FOR THIS WEEK
I had given the trading range for nifty this week and today it exactly closed just below the resistant level. For this week two factors had led the market. One is monsoon and other is Q1 results. Monsoon turned positive and results too had been creating positive mood. In addition FM’s speech had fueled the market. However visitors should not forget that the gap had not filled yet, so this week rally should not be taken as a trend reversal rally. Any bad news could trigger downtrend.
MARKET VIEW FOR NEXT WEEK [20-07-09 – 24-07-09]
Again Q1 results and monsoon are the factors to be watched. BHEL, BHARTIARTL, RPL, RANBAXY and JETAIRWAYS results fall on next week. In these results, to my knowledge, I feel BHEL result might not beat market expectations, because IIP data numbers increased but capital goods contribution declined. So in thebeginning of the week, say couple of days, we might see tight range of trading, possibly negative and for rest of the days we might see some uptrend depending on the results. Still I am not bullish on the market and expecting profit booking at higher levels. By and large next week market would trade in tight range possibly positive.
NIFTY LEVELS [20-07-09 – 24-07-09]
TRADING RANGE: 4480 - 3920
SUP: 4313, 4240,4161,4116,3985, and 3850. RES: 4480.
MY VIEW FOR MONDAY
I feel for past trading session there was a continuous up move so we may see profit booking at higher levels on Monday.
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NIFTY LEVELS
Technically I feel there would be selling and nifty would trade in a tight range, possibly negative.
SUP: 4340, 4291, and 4240. RES: 4390, 4424.
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MARKER VIEW FOR TODAY
Today market closed positively and at resistant level. To my mind Q1 results and good monsoon are the driving factors for market. Let’s see what happens come week.
MARKET VIEW FOR THIS WEEK
I had given the trading range for nifty this week and today it exactly closed just below the resistant level. For this week two factors had led the market. One is monsoon and other is Q1 results. Monsoon turned positive and results too had been creating positive mood. In addition FM’s speech had fueled the market. However visitors should not forget that the gap had not filled yet, so this week rally should not be taken as a trend reversal rally. Any bad news could trigger downtrend.
MARKET VIEW FOR NEXT WEEK [20-07-09 – 24-07-09]
Again Q1 results and monsoon are the factors to be watched. BHEL, BHARTIARTL, RPL, RANBAXY and JETAIRWAYS results fall on next week. In these results, to my knowledge, I feel BHEL result might not beat market expectations, because IIP data numbers increased but capital goods contribution declined. So in thebeginning of the week, say couple of days, we might see tight range of trading, possibly negative and for rest of the days we might see some uptrend depending on the results. Still I am not bullish on the market and expecting profit booking at higher levels. By and large next week market would trade in tight range possibly positive.
NIFTY LEVELS [20-07-09 – 24-07-09]
TRADING RANGE: 4480 - 3920
SUP: 4313, 4240,4161,4116,3985, and 3850. RES: 4480.
MY VIEW FOR MONDAY
I feel for past trading session there was a continuous up move so we may see profit booking at higher levels on Monday.
FREE INTRADAY TIPS
NIFTY LEVELS
Technically I feel there would be selling and nifty would trade in a tight range, possibly negative.
SUP: 4340, 4291, and 4240. RES: 4390, 4424.
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Wednesday, July 15, 2009
YESTERDAY CALL
Today nifty hit all resistant levels.
MARKET VIEW FOR TODAY
I expected a positive move but not this much. Nifty crossed major resistant 4116 level. I feel one of the main reasons for the up move was monsoon factor. Couple of day’s nifty moved sharply and tomorrow LT results to come let’s see what happens.
MARKET VIEW FOR THURSDAY
Tomorrow market might move according to the LT results. In IIP data, released last week, capital goods sector’s performance was not good and declining so to my understanding LT results may not be to the expectation. Couple of days nifty had ran sharply so I expect nifty would trade in tight range, if I am correct possibly negative. I suggest selling at higher level.
NIFTY LEVEL
Technically in the price chart a bullish pattern was formed, for tomorrow I won’t expect a big move. LT result will take the lead. It will be mixed and possibly negative.
SUP: 4210, 4161, and 4116. RES: 4240, 4292. 4327.
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Today nifty hit all resistant levels.
MARKET VIEW FOR TODAY
I expected a positive move but not this much. Nifty crossed major resistant 4116 level. I feel one of the main reasons for the up move was monsoon factor. Couple of day’s nifty moved sharply and tomorrow LT results to come let’s see what happens.
MARKET VIEW FOR THURSDAY
Tomorrow market might move according to the LT results. In IIP data, released last week, capital goods sector’s performance was not good and declining so to my understanding LT results may not be to the expectation. Couple of days nifty had ran sharply so I expect nifty would trade in tight range, if I am correct possibly negative. I suggest selling at higher level.
NIFTY LEVEL
Technically in the price chart a bullish pattern was formed, for tomorrow I won’t expect a big move. LT result will take the lead. It will be mixed and possibly negative.
SUP: 4210, 4161, and 4116. RES: 4240, 4292. 4327.
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Tuesday, July 14, 2009
YESTERDAY CALL
As I said nifty closed above today’s opening. Nifty hit all resistant levels.
MARKET VIEW FOR TODAY
Today market reacted for global cues and FM’s speech and short covering made nifty to move up. Nifty broke important support 4116 level but unable to close above this level, this should keep in mind. Technically I feel this is a pull back rally and might be the expectation of Q1 results.
MARKET VIEW FOR WEDNESSDAY
Tomorrow I expect nifty to trade in a tight range and in a positive range. I feel the Q1 results and monsoon factor are the next market expectation and both turned to be good. Visitors keep in mind the gap has not yet filled any bad news can trigger down move so stick to levels and trade. Let’s see what happens tomorrow.
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NIFTY LEVELS
Technically in the price chart a bullish pattern was formed but not a trend reversal so we may see a slight up move from this level. Tomorrow I feel nifty will trade in tight range and higher levels some selling pressure might be seen and only if nifty breaks 4116 level with volume we can buy nifty.
SUP: 4074, 4038, 4008, and 3985. RES: 4116, 4161, 4202.
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As I said nifty closed above today’s opening. Nifty hit all resistant levels.
MARKET VIEW FOR TODAY
Today market reacted for global cues and FM’s speech and short covering made nifty to move up. Nifty broke important support 4116 level but unable to close above this level, this should keep in mind. Technically I feel this is a pull back rally and might be the expectation of Q1 results.
MARKET VIEW FOR WEDNESSDAY
Tomorrow I expect nifty to trade in a tight range and in a positive range. I feel the Q1 results and monsoon factor are the next market expectation and both turned to be good. Visitors keep in mind the gap has not yet filled any bad news can trigger down move so stick to levels and trade. Let’s see what happens tomorrow.
FREE INTRADAY TIPS
NIFTY LEVELS
Technically in the price chart a bullish pattern was formed but not a trend reversal so we may see a slight up move from this level. Tomorrow I feel nifty will trade in tight range and higher levels some selling pressure might be seen and only if nifty breaks 4116 level with volume we can buy nifty.
SUP: 4074, 4038, 4008, and 3985. RES: 4116, 4161, 4202.
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Monday, July 13, 2009
YESTERDAY CALL
Today nifty closed below the opening level but I expected that it would close above the opening level; also touched the second support level.
MARKET VIEW FOR TODAY.
Today market touched the second support level but managed to close near the first support level. As I said there might be a pull back rally today, has happened. Technically, today in the price chart, I feel, a break has been applied for the current down move, but I won’t qualify it has trend reverse, still it might work for couple of days or three. Let’s see what happens tomorrow.
MARKET VIEW FOR TUESDAY
As I had said I expect a pull back rally this week, today’s trade seems to be supporting my view. Technically in the price chart a trend arresting pattern was formed, which should not be considered as trend reversal pattern. There might be a mild up move because of the Q1results. Still the gap has not yet filled, some 300 points left and any bad news may trigger the downtrend. So I request visitors to stick to the levels and trade.
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NIFTY LEVELS
For Tuesday I feel nifty will close above tomorrow’s opening. If I am correct we can buy nifty with a strict stop loss 3950.
SUP: 3950, 3921, and 3850. RES: 4008, 4038, 4074, 4116.
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Today nifty closed below the opening level but I expected that it would close above the opening level; also touched the second support level.
MARKET VIEW FOR TODAY.
Today market touched the second support level but managed to close near the first support level. As I said there might be a pull back rally today, has happened. Technically, today in the price chart, I feel, a break has been applied for the current down move, but I won’t qualify it has trend reverse, still it might work for couple of days or three. Let’s see what happens tomorrow.
MARKET VIEW FOR TUESDAY
As I had said I expect a pull back rally this week, today’s trade seems to be supporting my view. Technically in the price chart a trend arresting pattern was formed, which should not be considered as trend reversal pattern. There might be a mild up move because of the Q1results. Still the gap has not yet filled, some 300 points left and any bad news may trigger the downtrend. So I request visitors to stick to the levels and trade.
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NIFTY LEVELS
For Tuesday I feel nifty will close above tomorrow’s opening. If I am correct we can buy nifty with a strict stop loss 3950.
SUP: 3950, 3921, and 3850. RES: 4008, 4038, 4074, 4116.
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Saturday, July 11, 2009
MARKET THIS WEEK [06-07-09 - 10-07-09]
This week I expected nifty to touch 3600 levels as budget was not delivered to that much as expected. Even positive IIP data too did not helped nifty to move up. To my knowledge this shows that nifty moved up only on speculation and not on valuation. Let’s see what happens come week.
MARKET VIEW FOR COME WEEK. [13-07-09 – 17-07-09]
Budget may not deliver as much as market expected but it is a growth oriented budget. As FM told that, a) the budget is designed in such a way to attract FII and FDI, b) if monsoon revives then the GDP would be around 6-7%, this is some what higher than previous number. So in growth front there will be improvement in future but still selling pressure in the nifty will prevail until nifty fill the gap created on 18-05-09 due to the lot of expectation on the budget. However this month corporate results to come, surely the numbers will have an impact on the rally. Even though IIP data was improving capital goods contribution was decline and monsoon is still not favorable, so I feel the GDP numbers this quarter may not be so impressive. Based on this I feel come week market will be mixed. Let’s see what happens.
NIFTY LEVELS [13-07-09 -17-07-09]
TRADING RANGE: 4375 - 3850
SUP:3985, 3850,3602. RES: 4116.4240,4375.
MY VIEW FOR MONDAY
As nifty fall very steep on Friday in last hour we would expect a pull back on Monday and any positive numbers of axis bank may support nifty up move but remember the past up rally was based on expectation, not on valuation, so I feel profit booking will happen at higher levels.
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NIFTY LEVELS
On Friday nifty crossed the first resistant but could not move further. If I am correct nifty may close above the opening levels.
SUP: 3985, 3921. RES: 4116, 4161.
I suggest visitors to investment in the market when nifty approaches 3600 levels, we should invest part by part on every decline. I will give investment call come week.
Thanks for visiting!
This week I expected nifty to touch 3600 levels as budget was not delivered to that much as expected. Even positive IIP data too did not helped nifty to move up. To my knowledge this shows that nifty moved up only on speculation and not on valuation. Let’s see what happens come week.
MARKET VIEW FOR COME WEEK. [13-07-09 – 17-07-09]
Budget may not deliver as much as market expected but it is a growth oriented budget. As FM told that, a) the budget is designed in such a way to attract FII and FDI, b) if monsoon revives then the GDP would be around 6-7%, this is some what higher than previous number. So in growth front there will be improvement in future but still selling pressure in the nifty will prevail until nifty fill the gap created on 18-05-09 due to the lot of expectation on the budget. However this month corporate results to come, surely the numbers will have an impact on the rally. Even though IIP data was improving capital goods contribution was decline and monsoon is still not favorable, so I feel the GDP numbers this quarter may not be so impressive. Based on this I feel come week market will be mixed. Let’s see what happens.
NIFTY LEVELS [13-07-09 -17-07-09]
TRADING RANGE: 4375 - 3850
SUP:3985, 3850,3602. RES: 4116.4240,4375.
MY VIEW FOR MONDAY
As nifty fall very steep on Friday in last hour we would expect a pull back on Monday and any positive numbers of axis bank may support nifty up move but remember the past up rally was based on expectation, not on valuation, so I feel profit booking will happen at higher levels.
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NIFTY LEVELS
On Friday nifty crossed the first resistant but could not move further. If I am correct nifty may close above the opening levels.
SUP: 3985, 3921. RES: 4116, 4161.
I suggest visitors to investment in the market when nifty approaches 3600 levels, we should invest part by part on every decline. I will give investment call come week.
Thanks for visiting!
Friday, July 10, 2009
YESTERDAY CALL
As I said, nifty closed below the opening. It hit the first resistant because of infosys result and also hit first and second support level due to profit booking.
MARKET VIEW TODAY
Today market closed below 4008 support level and also broke the 4000 levels in the intraday trade. I suppose the gap will be filled. Let’s see what happens come week.
I update ‘market view for come week’ tonight or tomorrow.
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As I said, nifty closed below the opening. It hit the first resistant because of infosys result and also hit first and second support level due to profit booking.
MARKET VIEW TODAY
Today market closed below 4008 support level and also broke the 4000 levels in the intraday trade. I suppose the gap will be filled. Let’s see what happens come week.
I update ‘market view for come week’ tonight or tomorrow.
Thanks for visiting!
Thursday, July 9, 2009
YESTERDAY CALL
Nifty broke the first support and neared the first resistant. As I said it was a mixed day.
MARKET VIEW
Today market closed just above the first support. Today I thought it would break 4000 levels but not happened. Inflation also declines. Technically in the price chart I feel it is a waiting pattern is formed. Tomorrow infosystch result will be main factor for market. Let’s see what happen.
MARKET VIEW FOR FRIDAY
Tomorrow infosys result will lead the market. To my knowledge, right from the election result rupee was appreciating only this week it was depreciating based on this I think IT sector will be benefited through forex gains so if I am correct infosys result will not disappoint market and will be good. If so happens then will move up and profit booking will be at higher levels. By and large I feel nifty will break 4000 levels tomorrow, if it happens the fall will be very steep.
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NIFTY
Technically in the price chart a bearish continuation pattern is formed. As infosys result to come we can for the reaction of nifty and trade. Still I prefer selling and if I am correct then tomorrow close will be below the opening.
SUP: 4072, 4008, 3985, and 3921. RES: 4116, 4161.
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Nifty broke the first support and neared the first resistant. As I said it was a mixed day.
MARKET VIEW
Today market closed just above the first support. Today I thought it would break 4000 levels but not happened. Inflation also declines. Technically in the price chart I feel it is a waiting pattern is formed. Tomorrow infosystch result will be main factor for market. Let’s see what happen.
MARKET VIEW FOR FRIDAY
Tomorrow infosys result will lead the market. To my knowledge, right from the election result rupee was appreciating only this week it was depreciating based on this I think IT sector will be benefited through forex gains so if I am correct infosys result will not disappoint market and will be good. If so happens then will move up and profit booking will be at higher levels. By and large I feel nifty will break 4000 levels tomorrow, if it happens the fall will be very steep.
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NIFTY
Technically in the price chart a bearish continuation pattern is formed. As infosys result to come we can for the reaction of nifty and trade. Still I prefer selling and if I am correct then tomorrow close will be below the opening.
SUP: 4072, 4008, 3985, and 3921. RES: 4116, 4161.
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Wednesday, July 8, 2009
YESTERDAY CALL
Nifty touched the given two support levels.
MARKET VIEW
Today nifty broke the major support level but the volume was low. I feel the gap filing process was started. Let’s see what happens tomorrow.
MARKET VIEW FOR THURSDAY
G8 summit and inflation are factors to watch. As today the volume was low I feel tomorrow nifty will trade in tight range, probably mixed. Only 400 points left to fill the gap. This month quarterly results come, which may have an impact on the market trend. As the major support has been broken I prefer selling.
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NIFTY
Technically in the price chart bearish continuation pattern is formed. Today nifty closed just above the support level 4072 so we can sell nifty.
SUP: 4072, 4008, 3985, and 3921. RES: 4116, 4161.
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Tuesday, July 7, 2009
YESTERDAY CALL
As I said, nifty closed above the previous close and it did not touch the support level.
MARKET VIEW
As yesterday there was a steep correction today it had a pull back rally. Today too volume was not good. Our prime minister told that GDP growth will be 7% and aiming for 8-9% in future is very positive news for market. I feel the budget effect will be for another day or two. G8 summit to be held in
MARKET VIEW FOR WEDNESSDAY
Technically, in the price chart, a bearish pattern is formed. I expect market to correct further tomorrow or a day after tomorrow. I suggest selling at every rise.
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NIFTY
As the budget was not to that much as expected, and also left away the issue of financing the fiscal deficit in a vague manner remains bad news for market. We can sell nifty at every rise. 4116 is a major support; if it breaks, then the fall will be very steep.
SUP: 4165, 4116, 3938, and 3862. RES: 4240,4292.
INVESTMENT CALL
MARICO
As the budget concentrated on increasing demand through rural investment, I feel consumer goods will see a big push. Technically marico was forming a good bottom for long time and today it broke its one year high and closed above 79.10. For long term we can buy this stock at every dip.
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Monday, July 6, 2009
MARKET VIEW
Today market closed just above the support level 4116. The budget presented today, to my knowledge, is a growth oriented budget and market correction should not be related to the budget. Nifty technically waiting for a breakout and budget news triggered it. If I am correct nifty this time will fill the gap created on 18/05/09. I feel from tomorrow onwards every dip should be considered as investment opportunity.
MARKET VIEW FOR TUESDAY
As today there was a steep correction I feel tomorrow there will be a pull back and I expect nifty to close above 4165 levels. If 4116 level is broke with good volume then it will close below 4165 levels. As July 28 monetary policy is to be announced, I feel, till that date there will be lower tops and lower bottoms formed in the nifty price chart. Let’s see what happens tomorrow.
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NIFTY LEVEL
Technically in the price chart bearish pattern is formed, if nifty breaks 4116 levels, fall will be steep. However keep eye on the open level because I feel tomorrow nifty will close above the open level.
SUP: 4116, 3938, 3862. RES: 4240.
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Friday, July 3, 2009
MARKET VIEW THIS WEEK
This week I expected nifty to touch 4800 levels due to budget expectation but it did not happened. To my knowledge I think QIP, bad monsoon are the two speed breakers which slow down the rally. However monsoon turned to be positive in the middle of the week but economic survey took that place. However market managed to close above 4400 levels. FII’s buying was also good.however volumes are very low which should not be left unnoticed. By and large pre budget rally was below to our expectation.
SPECULATION CALLS GIVEN THIS WEEK [29/07/09 – 03/07/09]
I gave BHEL, LT, SBIN and RELIANCE for speculation and only SBIN came near to the target. I thought nifty would touch 4800 levels this week but I was wrong and calls too was missed.
MARKET VIEW FOR COME WEEK [06/07/09 – 10/07/09]
Economic survey shown that infra spending was to some extent less to market expectation was some what negative. Because to till date market was rallying based on this expectation. Tax benefits for market players are positive for market. I learned many initiative was to increase the consumption which in turn create demand and leads to an increase in corporate bottom line. Monsoon too turned positive so projected GDP of 7% likely possible. Monday will be a breakout day for nifty.
As our prime minister was once a finance minister I feel pm will not disappoint market players. Let’s see what happens.
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NIFTY OPTION CALL
If anyone takes risk on the full amount invested can buy a 3600 put option on Monday morning. Friday it was trading around 20 rupees before budget announcement we can buy. I am giving this call based on the volume which is low last week. Any price rise without volume is bearish.
Has we have to get a clear direction only on the budget day I will give calls on Monday.
Thanks for visiting!
This week I expected nifty to touch 4800 levels due to budget expectation but it did not happened. To my knowledge I think QIP, bad monsoon are the two speed breakers which slow down the rally. However monsoon turned to be positive in the middle of the week but economic survey took that place. However market managed to close above 4400 levels. FII’s buying was also good.however volumes are very low which should not be left unnoticed. By and large pre budget rally was below to our expectation.
SPECULATION CALLS GIVEN THIS WEEK [29/07/09 – 03/07/09]
I gave BHEL, LT, SBIN and RELIANCE for speculation and only SBIN came near to the target. I thought nifty would touch 4800 levels this week but I was wrong and calls too was missed.
MARKET VIEW FOR COME WEEK [06/07/09 – 10/07/09]
Economic survey shown that infra spending was to some extent less to market expectation was some what negative. Because to till date market was rallying based on this expectation. Tax benefits for market players are positive for market. I learned many initiative was to increase the consumption which in turn create demand and leads to an increase in corporate bottom line. Monsoon too turned positive so projected GDP of 7% likely possible. Monday will be a breakout day for nifty.
As our prime minister was once a finance minister I feel pm will not disappoint market players. Let’s see what happens.
FREE TIPS
NIFTY OPTION CALL
If anyone takes risk on the full amount invested can buy a 3600 put option on Monday morning. Friday it was trading around 20 rupees before budget announcement we can buy. I am giving this call based on the volume which is low last week. Any price rise without volume is bearish.
Has we have to get a clear direction only on the budget day I will give calls on Monday.
Thanks for visiting!
YESTERDAY CALL
GRASIM
Today this scrip was very volatile and closes flat. My call was missed.
MY VIEW
Today market moved upwards and closed near the resistant 4440. Yesterday’s economic survey should be the hindrance for today’s up move I feel so. Let’s see what happens on Monday.
I have work so I post Monday comments tonight or tomorrow.
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Thursday, July 2, 2009
YESTERDAY CALL
TATASTEEL
This scrip reached the target.
MY VIEW
Today market closed just above the previous close. I expected that nifty will reach 4440 levels today but did not. Nifty is trading in sideways for past 11 sessions I feel market is waiting for a breakout. Still I prefer an upward breakout due to budget expectation. Let’s watch what happens tomorrow.
MARKET VIEW FOR FRIDAY
This is the last trading session before budget and my last hope for pre budget rally. Still I expect nifty to touch 4500 levels. Let’s see.
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GRASIM
Technically in the price chart breakout pattern is formed so we can buy this stock above 2410 with a strict stop loss 2374 for a target 2500.
SUP: 2374, 2365. RES: 2410, 2440. STOP LOSS: 2374.
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Wednesday, July 1, 2009
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YESTERDAY CALL
HCLTECH
Today this scrip hit the stop loss. I gave this call on account of capital inflow to equity and in turn rupee will appreciate, which is negative for IT scrip’s but the call missed.
MY VIEW
Today market ended in positive. It was strongly resisted in 4354 levels and closed just below this level. I feel the monsoon factor drive the market. Let’s watch what happens tomorrow.
MARKET VIEW FOR THURSDAY
Couple of trading sessions left for budget announcement. To my knowledge, till date, the monsoon factor should have held over participants to buy in the market I feel so. As IMD told that monsoon is no worst should have cheered the market. I think next couple of day’s market may have a good up rally. I expect nifty to touch 4484 levels tomorrow another major resistant.
NIFTY LEVELS
SUP: 4294, 4240. RES: 4394, 4430, 4484
FREE TIPS FOR INTRADAY
TATASTEEL
Past four trading session this scrip was trading in a tight range, as steel is budget benefited sector I feel we can buy this scrip above 400 for intraday trade with a stop loss of 388.
SUP: 388. RES:407, 417. STOP LOSS: 388
Pls visit http://artofequipoise.blogspot.com thanks!
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