Monday, May 31, 2010
NIFTY TODAY
Today nifty traded in a tight range with positive bias. Volume was rather good. Market breath was positive with 32 advances and 18 declines. FII’s were net buyers for 586.51. DII’s were net sellers for 73.77. Nifty resisted around 5090 levels strongly and had a good support around 5040 levels. Open interest in nifty futures was not impressive.
NIFTY TOMORROW
For tomorrow trade 5095 and 5050 would be significant levels to be watched. As open interest in the nifty had come down, we should be very careful at higher levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5095 T1 – 5120, T2 – 5145, T3 – 5170 STOPLOSS - 5080
SELL BELOW 5080 T1 – 5055, T2 – 5020, T3 – 4990 STOPLOS - 5095
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Today nifty traded in a tight range with positive bias. Volume was rather good. Market breath was positive with 32 advances and 18 declines. FII’s were net buyers for 586.51. DII’s were net sellers for 73.77. Nifty resisted around 5090 levels strongly and had a good support around 5040 levels. Open interest in nifty futures was not impressive.
NIFTY TOMORROW
For tomorrow trade 5095 and 5050 would be significant levels to be watched. As open interest in the nifty had come down, we should be very careful at higher levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5095 T1 – 5120, T2 – 5145, T3 – 5170 STOPLOSS - 5080
SELL BELOW 5080 T1 – 5055, T2 – 5020, T3 – 4990 STOPLOS - 5095
Thanks for visiting!
Saturday, May 29, 2010
NIFTY THIS WEEK
This week nifty traded in a tight range with positive bias. Volume was rather good. Technical indicators are positive. Nifty managed to close above the psychological mark 5000 levels.
Dow Jones traded in a tight range with negative bias. However, it closed below the crucial resistant 10200 levels. Technical indicators are rather positive.
NIFTY NEXT WEEK
As nifty continually descended for past 4 weeks we may see an up move this week. First half of the week we may see a tight range trade and in the second half there will be an up move. To my knowledge, technical indicators suggest an ahead.
Dow Jones too had seen a continual selling for the past 5 weeks, however it could not able to close above the crucial resistant 10200. Still, technical indicators signal an up move going forward.
Let’s see what happens next week.
NIFTY TRADING RANGE
FOR UPMOVE 5050 – 5275
FOR DOWN MOVE 5000 – 4850
NIFTY MONDAY
As nifty futures open interest had declined considerably we may see a tight range trade with positive bias. 5050 and 975 levels are the crucial levels to be watched for the Monday trade. Let’s see what happens on Monday.
NIFTY TIPS
BUY ABOVE 5035 T1 – 5060, T2 – 5085, T3 – 5110 STOPLOSS 5018
SELL BELOW 5018 T1 – 4885, T2 – 4855, T3 – 4830 STOPLOSS 5035
Thanks for visiting!
This week nifty traded in a tight range with positive bias. Volume was rather good. Technical indicators are positive. Nifty managed to close above the psychological mark 5000 levels.
Dow Jones traded in a tight range with negative bias. However, it closed below the crucial resistant 10200 levels. Technical indicators are rather positive.
NIFTY NEXT WEEK
As nifty continually descended for past 4 weeks we may see an up move this week. First half of the week we may see a tight range trade and in the second half there will be an up move. To my knowledge, technical indicators suggest an ahead.
Dow Jones too had seen a continual selling for the past 5 weeks, however it could not able to close above the crucial resistant 10200. Still, technical indicators signal an up move going forward.
Let’s see what happens next week.
NIFTY TRADING RANGE
FOR UPMOVE 5050 – 5275
FOR DOWN MOVE 5000 – 4850
NIFTY MONDAY
As nifty futures open interest had declined considerably we may see a tight range trade with positive bias. 5050 and 975 levels are the crucial levels to be watched for the Monday trade. Let’s see what happens on Monday.
NIFTY TIPS
BUY ABOVE 5035 T1 – 5060, T2 – 5085, T3 – 5110 STOPLOSS 5018
SELL BELOW 5018 T1 – 4885, T2 – 4855, T3 – 4830 STOPLOSS 5035
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Friday, May 28, 2010
NIFTY TODAY
Today too nifty traded in a positive region and closed above the crucial resistant 5050 levels. Volume was rather good. Market breath was positive with 39 advances and 10 declines. After 12 trading session FII’s were net buyers for 409.68 crores. DII’s were net buyers for 342.63 crores. However nifty futures open interest had considerably reduced! After 6 trading session nifty closed above 5000 levels strongly. Let’s see what happens next week.
Thanks for visiting!
Today too nifty traded in a positive region and closed above the crucial resistant 5050 levels. Volume was rather good. Market breath was positive with 39 advances and 10 declines. After 12 trading session FII’s were net buyers for 409.68 crores. DII’s were net buyers for 342.63 crores. However nifty futures open interest had considerably reduced! After 6 trading session nifty closed above 5000 levels strongly. Let’s see what happens next week.
Thanks for visiting!
Thursday, May 27, 2010
I thought it was today holiday!!!
NIFTY TODAY
Today nifty traded in a wide range with positive bias and closed above 5000 levels. Volume was excellent. FII’s were net sellers for 533.07 crores. DII’s were net buyers for 410.44 crores. Market breath was positive with 40 advances and 10 declines. Today nifty rose with increased volume!
NIFTY TOMORROW
For tomorrow trade 5050 and 4975 levels would be significant levels to be watched. As volume had increased we may see further up move tomorrow. Nifty futures open interest also increased with price rise; this suggest that fresh long positions had initiated. However, FII’s had been selling continually, so we should be careful at higher levels. Let’s see how nifty pans out tomorrow.
NIFTY TIPS
BUY ABOVE 5018 T1 – 5050, T2 – 5080, T3 – 5110 STOPLOSS – 5003
SELL BELOW 5000 T1 – 4975, T2 – 4950, T3 – 4925 STOPLOSS – 5015
Thanks for visiting!
NIFTY TODAY
Today nifty traded in a wide range with positive bias and closed above 5000 levels. Volume was excellent. FII’s were net sellers for 533.07 crores. DII’s were net buyers for 410.44 crores. Market breath was positive with 40 advances and 10 declines. Today nifty rose with increased volume!
NIFTY TOMORROW
For tomorrow trade 5050 and 4975 levels would be significant levels to be watched. As volume had increased we may see further up move tomorrow. Nifty futures open interest also increased with price rise; this suggest that fresh long positions had initiated. However, FII’s had been selling continually, so we should be careful at higher levels. Let’s see how nifty pans out tomorrow.
NIFTY TIPS
BUY ABOVE 5018 T1 – 5050, T2 – 5080, T3 – 5110 STOPLOSS – 5003
SELL BELOW 5000 T1 – 4975, T2 – 4950, T3 – 4925 STOPLOSS – 5015
Thanks for visiting!
Wednesday, May 26, 2010
NIFTY TODAY
Today nifty traded in wide range with positive bias and managed to close above 4900 levels. Volume was rather good. Market breath was positive with 40 advances and 10 declines. FII’s were net sellers for 166.66 crores. DII’s were net buyers for 64.86 crores. Open interest in nifty futures had increased remarkably with price rise. Let’s see what happens on Friday.
Thanks for visiting!
Today nifty traded in wide range with positive bias and managed to close above 4900 levels. Volume was rather good. Market breath was positive with 40 advances and 10 declines. FII’s were net sellers for 166.66 crores. DII’s were net buyers for 64.86 crores. Open interest in nifty futures had increased remarkably with price rise. Let’s see what happens on Friday.
Thanks for visiting!
Tuesday, May 25, 2010
NIFTY TODAY
Today nifty broke the 4800 levels and managed to close above this level. Volume was rather good. Market breath was negative with 2 advances and 48 declines. FII’s were net sellers for 1464.19 crores. DII’s were net buyers for 406.12 crores. Technically a wide range black candle had formed.
NIFTY TOMORROW
As nifty open interest had increased by 2 ½ times with price decline suggests that fresh shorts had added. In addition FII’s were heavy sellers which suggest that bears have great control over the market. For tomorrow trade 4757 and 4850 levels would be significant levels to be watched.
To my knowledge I have two views; first, as FII’s were sold heavily, open interest had increased and nifty had broke the crucial support level 4850 we may see a sharp correction, which may take nifty to 4650 levels.
Second, as the open interest in nifty futures had increased with price decline, would any positive news come tomorrow, and then short covering may take nifty to 4950 levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4830 T1- 4860, T2 – 4890, T3 – 4920 STOPLOSS – 4816
SELL BELOW 4816 T1 – 4790, T2 – 4757 T3 – 4732 STOPLOSS – 4830
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Today nifty broke the 4800 levels and managed to close above this level. Volume was rather good. Market breath was negative with 2 advances and 48 declines. FII’s were net sellers for 1464.19 crores. DII’s were net buyers for 406.12 crores. Technically a wide range black candle had formed.
NIFTY TOMORROW
As nifty open interest had increased by 2 ½ times with price decline suggests that fresh shorts had added. In addition FII’s were heavy sellers which suggest that bears have great control over the market. For tomorrow trade 4757 and 4850 levels would be significant levels to be watched.
To my knowledge I have two views; first, as FII’s were sold heavily, open interest had increased and nifty had broke the crucial support level 4850 we may see a sharp correction, which may take nifty to 4650 levels.
Second, as the open interest in nifty futures had increased with price decline, would any positive news come tomorrow, and then short covering may take nifty to 4950 levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4830 T1- 4860, T2 – 4890, T3 – 4920 STOPLOSS – 4816
SELL BELOW 4816 T1 – 4790, T2 – 4757 T3 – 4732 STOPLOSS – 4830
Thanks for visiting!
Monday, May 24, 2010
NIFTY TODAY
Today nifty futures had a gap up opening and faded today itself. Volume was low. Market breath was negative with 18 advances and 32 declines. FII’s were net sellers for 995.32 crores. DII’s were net buyers for 1107.42 crores. For past four trading sessions nifty was not able to close above the 5000 levels. In nifty futures fresh shorts had initiated. An indecisive pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade 4920 levels would be a significant level to be watched. Below 4850 levels nifty may weaken further. FII’s turned net sellers. Every rise selling pressure sets in. Market is in bearish mood. As the volume was low today I expect a pullback rally tomorrow. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4950 T1 – 4975, T2 – 5000, T3 – 5025 STOPLOSS - 4935
SELL BELOW SELL BELOW 4935 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS – 4950
Thanks for visiting!
Today nifty futures had a gap up opening and faded today itself. Volume was low. Market breath was negative with 18 advances and 32 declines. FII’s were net sellers for 995.32 crores. DII’s were net buyers for 1107.42 crores. For past four trading sessions nifty was not able to close above the 5000 levels. In nifty futures fresh shorts had initiated. An indecisive pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade 4920 levels would be a significant level to be watched. Below 4850 levels nifty may weaken further. FII’s turned net sellers. Every rise selling pressure sets in. Market is in bearish mood. As the volume was low today I expect a pullback rally tomorrow. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4950 T1 – 4975, T2 – 5000, T3 – 5025 STOPLOSS - 4935
SELL BELOW SELL BELOW 4935 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS – 4950
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Friday, May 21, 2010
NIFTY THIS WEEK
This week was a downtrend week. Volume was good. This week FII’s remained huge net sellers. Technically to my knowledge a downtrend pattern had formed with 4935 as a crucial support level. Nifty closed below the March first week low and also below the 5000 levels. Let’s see what happens next week.
NIFTY NEXT WEEK
Next week, to my knowledge, possibly we may see a pullback rally. The 4935 levels would be a significant level to be watched for next week trade. Would nifty surpass 4850 levels then there may be a sharp correction. This may be around 400 point’s correction.
Dow Jones had traded in a wide range with negative bias last week. Dow too closed below February second week close. So I expect a pull back rally next week. Would Dow surpass 9950 levels we may see a 1200 points correction.
NIFTY TRADING RANGE
FOR AN UPMOVE 4950 – 5275
FOR DOWN MOVE 4950 – 4540
NIFTY MONDAY
As FII’s were huge sellers on Friday we should be careful at higher levels. However open interest had risen with price rise which indicates that fresh longs had initiated. Global cues may lead the market.
Technically I expect a pull back rally. The 4935 level is crucial level to be watched for Monday. Below 4850 level we may see a sharp correction.
NIFTY TIPS
MONDAY NIFTY LEVELS
BUY ABOVE 4950 T1 – 4975, T2 – 5000, T3 – 5025 STOPLOSS - 4935
SELL BELOW 4935 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS – 4950
Thanks for visiting!
This week was a downtrend week. Volume was good. This week FII’s remained huge net sellers. Technically to my knowledge a downtrend pattern had formed with 4935 as a crucial support level. Nifty closed below the March first week low and also below the 5000 levels. Let’s see what happens next week.
NIFTY NEXT WEEK
Next week, to my knowledge, possibly we may see a pullback rally. The 4935 levels would be a significant level to be watched for next week trade. Would nifty surpass 4850 levels then there may be a sharp correction. This may be around 400 point’s correction.
Dow Jones had traded in a wide range with negative bias last week. Dow too closed below February second week close. So I expect a pull back rally next week. Would Dow surpass 9950 levels we may see a 1200 points correction.
NIFTY TRADING RANGE
FOR AN UPMOVE 4950 – 5275
FOR DOWN MOVE 4950 – 4540
NIFTY MONDAY
As FII’s were huge sellers on Friday we should be careful at higher levels. However open interest had risen with price rise which indicates that fresh longs had initiated. Global cues may lead the market.
Technically I expect a pull back rally. The 4935 level is crucial level to be watched for Monday. Below 4850 level we may see a sharp correction.
NIFTY TIPS
MONDAY NIFTY LEVELS
BUY ABOVE 4950 T1 – 4975, T2 – 5000, T3 – 5025 STOPLOSS - 4935
SELL BELOW 4935 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS – 4950
Thanks for visiting!
NIFTY TODAY
Today nifty tested the crucial support 4850 levels and managed to close 4900 levels. Volume was good. Market breath was negative with 19 advances and 30 declines. FII’s were net sellers for 1540.32 crores! DII’s were net buyers for 816.92 crores. Technically in the price chart a trend stopping pattern had formed. Nifty futures had a gap down opening and faded today itself. Open interest had risen with price rice it suggest that fresh long had initiated. Let’s see what happens next week.
Thanks for visiting!
Today nifty tested the crucial support 4850 levels and managed to close 4900 levels. Volume was good. Market breath was negative with 19 advances and 30 declines. FII’s were net sellers for 1540.32 crores! DII’s were net buyers for 816.92 crores. Technically in the price chart a trend stopping pattern had formed. Nifty futures had a gap down opening and faded today itself. Open interest had risen with price rice it suggest that fresh long had initiated. Let’s see what happens next week.
Thanks for visiting!
Thursday, May 20, 2010
NIFTY TODAY
Today nifty traded in a tight range with positive bias. Volume was not good. FII’s were net sellers for 657.23 crores. DII’s were net buyers for 721.15 crores. Market breath was positive with 29 advances and 21 declines. Today the 4950 levels acted as a gravity centre for nifty.
NIFTY TOMORROW
For tomorrow trade the 4950 levels would be a significant level to be watched. Below 4850 nifty may further weaken. As FII’s started selling we should be careful at higher levels. As tomorrow is the last trading day for this week I expect a wide range trade on either side. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4960 T1 – 4985. T2 – 5010, T3 – 5040 STOPLOSS – 4945
SELL BELOW 4945 T1 – 4922, T2 – 4900, T3 – 4875 STOPLOSS – 4960
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Today nifty traded in a tight range with positive bias. Volume was not good. FII’s were net sellers for 657.23 crores. DII’s were net buyers for 721.15 crores. Market breath was positive with 29 advances and 21 declines. Today the 4950 levels acted as a gravity centre for nifty.
NIFTY TOMORROW
For tomorrow trade the 4950 levels would be a significant level to be watched. Below 4850 nifty may further weaken. As FII’s started selling we should be careful at higher levels. As tomorrow is the last trading day for this week I expect a wide range trade on either side. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4960 T1 – 4985. T2 – 5010, T3 – 5040 STOPLOSS – 4945
SELL BELOW 4945 T1 – 4922, T2 – 4900, T3 – 4875 STOPLOSS – 4960
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Wednesday, May 19, 2010
NIFTY TODAY
Today nifty traded in a wide range with negative bias and closed below 5000 levels. Volume was good. FII’s were huge sellers for today they sold for 1383.91 crores. DII’s were net buyers for 56.35 crores. Market breath was negative with 3 advances and 47 declines.
NIFTY TOMORROW
For tomorrow trade 4850 levels would be a crucial level to be watched. Below this level nifty may weaken further. As today market had failed to close above the 5100 levels and FII’s huge selling, I have a misgiving that whether the market is under bears control? Let’s see what happens tomorrow!
NIFTY TIPS
BUY ABOVE 4935 T1 – 4960, T2 – 4985, T3 – 5008 STOPLOSS 4922
SELL BELOW 4922 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS 4935
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Today nifty traded in a wide range with negative bias and closed below 5000 levels. Volume was good. FII’s were huge sellers for today they sold for 1383.91 crores. DII’s were net buyers for 56.35 crores. Market breath was negative with 3 advances and 47 declines.
NIFTY TOMORROW
For tomorrow trade 4850 levels would be a crucial level to be watched. Below this level nifty may weaken further. As today market had failed to close above the 5100 levels and FII’s huge selling, I have a misgiving that whether the market is under bears control? Let’s see what happens tomorrow!
NIFTY TIPS
BUY ABOVE 4935 T1 – 4960, T2 – 4985, T3 – 5008 STOPLOSS 4922
SELL BELOW 4922 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS 4935
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Tuesday, May 18, 2010
NIFTY TODAY
Today too nifty traded in a volatile manner and managed to close above the 5050 levels. Volume was not good. FII’s were net sellers for 439.7 crores. DII’s were net buyers for 326.61 crores. Market breath was neutral with 26 advances and 24 declines. All long day the 5050 level acted as a crucial one. Today too nifty was unable to surpass 5100 levels.
NIFTY TOMORROW
For tomorrow trade the 5050 and 5100 levels would be crucial level to be watched. As FII’s had been selling continually we should careful at higher levels. Technically to my knowledge we may see a wide range trade possibly with positive bias. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5075 T1 – 5100, T2 – 5140, T3 – 5170 STOPLOSS – 5060
SELL BELOW 5050 T1 -5017, T2 – 4985, T3 – 4960 STOPLOSS – 5065
Thanks for visiting!
Today too nifty traded in a volatile manner and managed to close above the 5050 levels. Volume was not good. FII’s were net sellers for 439.7 crores. DII’s were net buyers for 326.61 crores. Market breath was neutral with 26 advances and 24 declines. All long day the 5050 level acted as a crucial one. Today too nifty was unable to surpass 5100 levels.
NIFTY TOMORROW
For tomorrow trade the 5050 and 5100 levels would be crucial level to be watched. As FII’s had been selling continually we should careful at higher levels. Technically to my knowledge we may see a wide range trade possibly with positive bias. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5075 T1 – 5100, T2 – 5140, T3 – 5170 STOPLOSS – 5060
SELL BELOW 5050 T1 -5017, T2 – 4985, T3 – 4960 STOPLOSS – 5065
Thanks for visiting!
Monday, May 17, 2010
NIFTY TODAY
Today, nifty rally was good and managed to close above the crucial level 5050. Market breath was negative with 13 advances and 36 declines. Volume was rather good. FII’s were net sellers for 1224.29 crores. DII’s were net buyers for 381.89 crores. Technically in the nifty price chart, a downtrend stopping pattern had formed. However as FII’s were turned huge sellers bothers me!
NFITY TOMORROW
For tomorrow trade as FII’s were turned net sellers we should be careful at higher levels. The 5140 level would be a significant level to be watched for tomorrow trade. Around 5225 levels we may see huge selling pressure. Technically we may see a wide range trade possibly with positive bias. However FII’s huge selling bothers me! Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5075 T1 – 5100, T2 – 5140, T3 – 5170 STOPLOSS – 5060
SELL BELOW 5050 T1 – 5017, T2 – 4985, T3 – 4960 STOPLOSS – 5065
Thanks for visiting!
Today, nifty rally was good and managed to close above the crucial level 5050. Market breath was negative with 13 advances and 36 declines. Volume was rather good. FII’s were net sellers for 1224.29 crores. DII’s were net buyers for 381.89 crores. Technically in the nifty price chart, a downtrend stopping pattern had formed. However as FII’s were turned huge sellers bothers me!
NFITY TOMORROW
For tomorrow trade as FII’s were turned net sellers we should be careful at higher levels. The 5140 level would be a significant level to be watched for tomorrow trade. Around 5225 levels we may see huge selling pressure. Technically we may see a wide range trade possibly with positive bias. However FII’s huge selling bothers me! Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5075 T1 – 5100, T2 – 5140, T3 – 5170 STOPLOSS – 5060
SELL BELOW 5050 T1 – 5017, T2 – 4985, T3 – 4960 STOPLOSS – 5065
Thanks for visiting!
Friday, May 14, 2010
NIFTY THIS WEEK [10/05/10 – 14/05/10]
This week nifty traded in a tight range with positive bias. Weekly Volume was rather good. FII’s had sold for 694.22 crores and had bought 284.15 crores. They remained net sellers for 410.07 crores. Nifty had retraced less than 1/3rd of the points that it had lost last week. Through out the week nifty was unable to close above 5200 levels. Technically a bearish mood prevailed at the end of the week.
NIFTY NEXT WEEK [17/05/10 – 21/05/10]
As nifty closed below 5140 levels, in my sense, would nifty unable to sustain above this level next week, we may see further selling. The 5020 levels would be the significant levels to be watched for next week trade. Below this level nifty may weak further and could correct sharply!
Still, in the historical price chart higher tops and bottoms had been forming. Based on this, in my observation, nifty would not surpass 4850 levels in coming sessions.
As for as weekly price chart concerns, as FII’s remained net sellers for the week and had nifty closed below 5140 levels, we may see further selling for first one or two days.
In the last week Dow Jones price chart, a morning star pattern had formed. In addition, in the Dow Jones weekly price chart, a bullish pattern had formed. Based on this, going forward, we may see an up trend in the U.S markets. Eventually this may reflect in out market.
So in my view, next week, market may probably be in a mixed range. Let’s see what happens next week.
NIFTY TRADING RANGE
FOR AN UPMOVE 5140 – 5400
FOR DOWN MOVE 5140 – 4850
NIFTY LEVELS FOR MONDAY
As nifty closed below 5140 levels and FII’s were net sellers on Friday we may see further selling on Monday. On Friday nifty had taken a weak support around 5120 levels. 5050 levels would be significant levels to be watched for Monday trade. Below 5020 level we may see a correction!
NIFTY TIPS
BUY ABOVE 5140 T1 – 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5125
SELL BELOW 5120 T1 – 5095, T2 – 5070, T3 – 5045 STOPLOS – 5135
Thanks for visiting!
This week nifty traded in a tight range with positive bias. Weekly Volume was rather good. FII’s had sold for 694.22 crores and had bought 284.15 crores. They remained net sellers for 410.07 crores. Nifty had retraced less than 1/3rd of the points that it had lost last week. Through out the week nifty was unable to close above 5200 levels. Technically a bearish mood prevailed at the end of the week.
NIFTY NEXT WEEK [17/05/10 – 21/05/10]
As nifty closed below 5140 levels, in my sense, would nifty unable to sustain above this level next week, we may see further selling. The 5020 levels would be the significant levels to be watched for next week trade. Below this level nifty may weak further and could correct sharply!
Still, in the historical price chart higher tops and bottoms had been forming. Based on this, in my observation, nifty would not surpass 4850 levels in coming sessions.
As for as weekly price chart concerns, as FII’s remained net sellers for the week and had nifty closed below 5140 levels, we may see further selling for first one or two days.
In the last week Dow Jones price chart, a morning star pattern had formed. In addition, in the Dow Jones weekly price chart, a bullish pattern had formed. Based on this, going forward, we may see an up trend in the U.S markets. Eventually this may reflect in out market.
So in my view, next week, market may probably be in a mixed range. Let’s see what happens next week.
NIFTY TRADING RANGE
FOR AN UPMOVE 5140 – 5400
FOR DOWN MOVE 5140 – 4850
NIFTY LEVELS FOR MONDAY
As nifty closed below 5140 levels and FII’s were net sellers on Friday we may see further selling on Monday. On Friday nifty had taken a weak support around 5120 levels. 5050 levels would be significant levels to be watched for Monday trade. Below 5020 level we may see a correction!
NIFTY TIPS
BUY ABOVE 5140 T1 – 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5125
SELL BELOW 5120 T1 – 5095, T2 – 5070, T3 – 5045 STOPLOS – 5135
Thanks for visiting!
NIFTY TODAY
Today nifty traded in wide range with negative bias. In addition it surpassed crucial support 5140 levels and closed below 5100 levels. Volume was rather good. FII’s were net sellers for 381.42 crores. DII’s were net buyers for 164.64 crores. Market breath was negative with 6 advances and 44 declines. Today the trend decided by the market was bearish I feel so. Let’s see what market has stored for us next week.
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http://ping.fm/3vBuR
Today nifty traded in wide range with negative bias. In addition it surpassed crucial support 5140 levels and closed below 5100 levels. Volume was rather good. FII’s were net sellers for 381.42 crores. DII’s were net buyers for 164.64 crores. Market breath was negative with 6 advances and 44 declines. Today the trend decided by the market was bearish I feel so. Let’s see what market has stored for us next week.
Thanks for visiting!
http://ping.fm/3vBuR
Thursday, May 13, 2010
NIFTY TODAY
Today too nifty traded in tight range with positive bias and managed to close above the 5170 levels. Volume was not good. The 5190 level acted as strong resistance and 5140 levels as a good support today. Market breath was positive with 34 advances and 15 declines. FII’s were net sellers for 15.57 crores. DII’s were net buyers for 222.4 crores.
NIFTY TOMORROW
As tomorrow is the last trading day of this week I feel it would be a trend deciding day. For tomorrow trade 5190 levels would be a significant level to be watched. Around 5200 levels selling pressure sets in. above 5225 we may see an up move. Would tomorrow nifty close above 5300 levels then we can consider that bulls are still intact. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5190 T1 – 5225, T2 – 5255, T3 – 5275 STOPLOSS – 5175
SELL BELOW 5170 T1 – 5140, T2 – 5115, T3 – 5080 STOPLOSS – 5185
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Today too nifty traded in tight range with positive bias and managed to close above the 5170 levels. Volume was not good. The 5190 level acted as strong resistance and 5140 levels as a good support today. Market breath was positive with 34 advances and 15 declines. FII’s were net sellers for 15.57 crores. DII’s were net buyers for 222.4 crores.
NIFTY TOMORROW
As tomorrow is the last trading day of this week I feel it would be a trend deciding day. For tomorrow trade 5190 levels would be a significant level to be watched. Around 5200 levels selling pressure sets in. above 5225 we may see an up move. Would tomorrow nifty close above 5300 levels then we can consider that bulls are still intact. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5190 T1 – 5225, T2 – 5255, T3 – 5275 STOPLOSS – 5175
SELL BELOW 5170 T1 – 5140, T2 – 5115, T3 – 5080 STOPLOSS – 5185
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Wednesday, May 12, 2010
NIFTY TODAY
Today nifty traded in tight range with positive bias. Nifty strongly resisted around 5170 levels and managed to close above the crucial support level 5140. Volume was rather good. FII’s were net sellers for 297.23 crores. DII’s were net buyers for 180.42 crores. Market breath was positive with 30 advances and 20 declines.
NIFTY TOMORROW
For tomorrow trade 5170 levels significant level to be watched. As FII’s turned net sellers, cautious approach is needed at higher levels. Below 5140 levels bearish mood may set in, I feel so. Trading with strict stop loss and booking profits now and then is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5170 T1 – 5203, T2 – 5230, T3 – 5260 STOPLOSS – 5155
SELL BELOW 5155 T1 – 5125, T2 – 5098, T3 – 5075 STOPLOSS – 5170
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Today nifty traded in tight range with positive bias. Nifty strongly resisted around 5170 levels and managed to close above the crucial support level 5140. Volume was rather good. FII’s were net sellers for 297.23 crores. DII’s were net buyers for 180.42 crores. Market breath was positive with 30 advances and 20 declines.
NIFTY TOMORROW
For tomorrow trade 5170 levels significant level to be watched. As FII’s turned net sellers, cautious approach is needed at higher levels. Below 5140 levels bearish mood may set in, I feel so. Trading with strict stop loss and booking profits now and then is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5170 T1 – 5203, T2 – 5230, T3 – 5260 STOPLOSS – 5155
SELL BELOW 5155 T1 – 5125, T2 – 5098, T3 – 5075 STOPLOSS – 5170
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Tuesday, May 11, 2010
NIFTY TODAY
Today nifty traded in rather wide range and closed below the crucial support 5140. Nifty struggled to surpass 5190 levels in today’s trade. Volume was low compared to yesterday volume. Market breath was negative with 8 advances and 42 declines. FII’s were net buyers for 20.19 crores. DII’s were net buyers for 20.49 crores.
NIFTY TOMORROW
For tomorrow trade 5160 levels would be a significant level to be watched. In my sense unless nifty surpasses 5225 and closes above 5275 levels, we may not see a bull run. Technically a bearish pattern had formed in the price chart. FII’s buying had come down sharply. So every rise cautious approach is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5140 T1- 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5128
SELL BELOW 5125 T1 – 5100, T2 – 5075, T3 – 5050 STOPLOSS – 5138
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Today nifty traded in rather wide range and closed below the crucial support 5140. Nifty struggled to surpass 5190 levels in today’s trade. Volume was low compared to yesterday volume. Market breath was negative with 8 advances and 42 declines. FII’s were net buyers for 20.19 crores. DII’s were net buyers for 20.49 crores.
NIFTY TOMORROW
For tomorrow trade 5160 levels would be a significant level to be watched. In my sense unless nifty surpasses 5225 and closes above 5275 levels, we may not see a bull run. Technically a bearish pattern had formed in the price chart. FII’s buying had come down sharply. So every rise cautious approach is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5140 T1- 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5128
SELL BELOW 5125 T1 – 5100, T2 – 5075, T3 – 5050 STOPLOSS – 5138
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Monday, May 10, 2010
NIFTY TODAY
Today nifty traded in a wide range with positive bias. Volume was rather good. Nifty had a steady upward move and closed far away from the crucial support level 5180. Last week nifty had lost 260-odd points and today it retraced 170-odd points. Market breath was positive with 48 advances and 2 declines. FII’s were net buyers for 263.96 crores. DII’s were net buyers for 30.25 crores.
NIFTY TOMORROW
To my knowledge, as FII’s had remained buyers today, tomorrow again we may see an up move with positive bias, possibly in a tight range. The 5225 level would be a significant resistance for nifty’s up move. Around 5275 levels we may see some selling pressure. So, cautious approach is needed around 5275 level. Would nifty have a gap up opening, then trade cautiously at every rise. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5203 T1 – 5225, T2 – 5255, T3 – 5275, STOPLOSS – 5190
SELL BELOW 5190 T1 – 5165, T2 – 5140, T3 – 5115, STOPLOSS – 5203
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Today nifty traded in a wide range with positive bias. Volume was rather good. Nifty had a steady upward move and closed far away from the crucial support level 5180. Last week nifty had lost 260-odd points and today it retraced 170-odd points. Market breath was positive with 48 advances and 2 declines. FII’s were net buyers for 263.96 crores. DII’s were net buyers for 30.25 crores.
NIFTY TOMORROW
To my knowledge, as FII’s had remained buyers today, tomorrow again we may see an up move with positive bias, possibly in a tight range. The 5225 level would be a significant resistance for nifty’s up move. Around 5275 levels we may see some selling pressure. So, cautious approach is needed around 5275 level. Would nifty have a gap up opening, then trade cautiously at every rise. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5203 T1 – 5225, T2 – 5255, T3 – 5275, STOPLOSS – 5190
SELL BELOW 5190 T1 – 5165, T2 – 5140, T3 – 5115, STOPLOSS – 5203
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Saturday, May 8, 2010
NIFTY NEXT WEEK [10/05/10 – 14/05/10]
As last week we saw huge sell off, next week in the beginning we may see a pullback rally for one or two sessions. Dow Jones too had deeply corrected last week. I feel, in Dow too we may expect a pull back rally. Would it happen then our market too join the rally. As FII’s were turned net sellers for all long week in my sense next week would be trend deciding week.
Last week nifty broke all major support levels and closed in a weak manner. Next week cautious approach is advised for any buying or selling.
NIFTY TRADING RANGE
FOR UP MOVE 5050 - 5383
FOR DOWN MOVE 5020 – 4880
NIFTY FOR MONDAY
For Monday trade I expect a pullback rally. I feel nifty would trade in positive bias. The significant level to be watched for Monday would be 5050 levels.
BUY ABOVE 5050 T1 – 5090, T2 – 5115, T3 – 5140, STOPLOSS – 5035
SELL BELOW 5020 T1 – 4990, T2 – 4965, T3 – 4940, STOPLOSS - 5035
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As last week we saw huge sell off, next week in the beginning we may see a pullback rally for one or two sessions. Dow Jones too had deeply corrected last week. I feel, in Dow too we may expect a pull back rally. Would it happen then our market too join the rally. As FII’s were turned net sellers for all long week in my sense next week would be trend deciding week.
Last week nifty broke all major support levels and closed in a weak manner. Next week cautious approach is advised for any buying or selling.
NIFTY TRADING RANGE
FOR UP MOVE 5050 - 5383
FOR DOWN MOVE 5020 – 4880
NIFTY FOR MONDAY
For Monday trade I expect a pullback rally. I feel nifty would trade in positive bias. The significant level to be watched for Monday would be 5050 levels.
BUY ABOVE 5050 T1 – 5090, T2 – 5115, T3 – 5140, STOPLOSS – 5035
SELL BELOW 5020 T1 – 4990, T2 – 4965, T3 – 4940, STOPLOSS - 5035
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Friday, May 7, 2010
NIFTY THIS WEEK [03/05/10 – 07/05/10]
This week traded in a wide range with negative bias. Weekly volume remained same as last week. FII’s were net sellers for 4252.55 crores! In the weekly price chart nifty, had advanced for 9 weeks by giving continuous up closing. It had advanced from 4755 levels in the month of February to 5362 levels in the month of April by gaining around 800 points. In addition, it started to consolidate for 3 weeks and finally corrected this week. This week, nifty had corrected around 250 points. On witnessing the trend and FII’s selling, I have two views:
One is, according to Fibonacci numbers, we may consider this week correction of 250-odd points, as 1/3rd retracement i.e. roughly 38%, as a profit booking.
Second is, as nifty unable to surpass the important level 5383 which is significant for a bull trend, we may consider this week correction as a trend reversal.
Based on the former view we may see another 10% downside retracement or an up move in a tight range.
Based on the latter view, as this week a wide range black candle had formed with huge FII’s selling we may see further downside correction from here. Let’s see what happens next week.
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This week traded in a wide range with negative bias. Weekly volume remained same as last week. FII’s were net sellers for 4252.55 crores! In the weekly price chart nifty, had advanced for 9 weeks by giving continuous up closing. It had advanced from 4755 levels in the month of February to 5362 levels in the month of April by gaining around 800 points. In addition, it started to consolidate for 3 weeks and finally corrected this week. This week, nifty had corrected around 250 points. On witnessing the trend and FII’s selling, I have two views:
One is, according to Fibonacci numbers, we may consider this week correction of 250-odd points, as 1/3rd retracement i.e. roughly 38%, as a profit booking.
Second is, as nifty unable to surpass the important level 5383 which is significant for a bull trend, we may consider this week correction as a trend reversal.
Based on the former view we may see another 10% downside retracement or an up move in a tight range.
Based on the latter view, as this week a wide range black candle had formed with huge FII’s selling we may see further downside correction from here. Let’s see what happens next week.
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NIFTY TODAY
Today nifty traded in a wide range with negative bias. Volume was good and also increased comparing to yesterday trade. Nifty broke the psychological level 5000 and closed below the crucial support level 5050. FII’s were net sellers for 1308.39! DII’s were net buyers for 654.35 crores. FII’s had been selling hugely for past three days! Market breath was negative with 9 advances and 40 declines. Technically more wide range black candles are forming in the price chart.
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Today nifty traded in a wide range with negative bias. Volume was good and also increased comparing to yesterday trade. Nifty broke the psychological level 5000 and closed below the crucial support level 5050. FII’s were net sellers for 1308.39! DII’s were net buyers for 654.35 crores. FII’s had been selling hugely for past three days! Market breath was negative with 9 advances and 40 declines. Technically more wide range black candles are forming in the price chart.
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Thursday, May 6, 2010
NIFTY TODAY
Today’s trade too was volatile and broke the important support 5050 however managed to close above this. It closed just above the crucial support 5090. Nifty found good support around 5040 levels. Volume had decreased comparing to yesterdays trade. FII’s were net sellers for 937.75 crores! DII’s were net buyers for 379.96 crores. FII’s were selling hugely which should not be overlooked! Market breath was negative with 20 advances and 30 declines. Today too technically a stopping pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade around 5085 levels to be watched carefully were today nifty struggled more. Technically in the price chart I do not see more wide range black candles which confirms bear trend. However FII’s turned net sellers, which should not be overlooked. In today’s trade the number of advances in the market breath had increased gradually from 6 to 20. In my sense tomorrow we may see a positive trend. As tomorrow is the last trading session for this week lets see what happens.
NIFTY TIPS
BUY ABOVE 5090, T1 – 5130, T2 – 5160, T3 – 5190 STOPLOSS – 5075
SELL BELOW 5075, T1 – 5050, T2 – 5017, T3 - 4980 STOPLOSS – 5090
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Today’s trade too was volatile and broke the important support 5050 however managed to close above this. It closed just above the crucial support 5090. Nifty found good support around 5040 levels. Volume had decreased comparing to yesterdays trade. FII’s were net sellers for 937.75 crores! DII’s were net buyers for 379.96 crores. FII’s were selling hugely which should not be overlooked! Market breath was negative with 20 advances and 30 declines. Today too technically a stopping pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade around 5085 levels to be watched carefully were today nifty struggled more. Technically in the price chart I do not see more wide range black candles which confirms bear trend. However FII’s turned net sellers, which should not be overlooked. In today’s trade the number of advances in the market breath had increased gradually from 6 to 20. In my sense tomorrow we may see a positive trend. As tomorrow is the last trading session for this week lets see what happens.
NIFTY TIPS
BUY ABOVE 5090, T1 – 5130, T2 – 5160, T3 – 5190 STOPLOSS – 5075
SELL BELOW 5075, T1 – 5050, T2 – 5017, T3 - 4980 STOPLOSS – 5090
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Wednesday, May 5, 2010
NIFTY TODAY
Today’s trade was volatile. Nifty closed just below the crucial resistant 5130 level. Volume was increased comparing to yesterdays trade. Market breath was negative with 22 advances and 27 declines. FII’s were net sellers for 1589.68 crores! DII’s were net buyers for 691.15 crores. Today nifty had struggled around 5090 levels. Technically a stopping pattern had formed in the nifty price chart.
NIFTY TOMORROW
For tomorrow trade 5130 levels would be a significant level to be watched. Technically to my knowledge we may not see any further down move from here. My only misgiving is that FII’s were huge amount in today’s trade! Still, in my perspective, for tomorrow trade, I expect a wide range trade with positive bias. Lets see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5130 T1 – 5180, T2 – 5203, T3 – 5230 STOPLOSS 5116
SELL BELOW 5110 T1 – 5090, T2 – 5065, T3 – 5036 STOPLOSS 5124
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Today’s trade was volatile. Nifty closed just below the crucial resistant 5130 level. Volume was increased comparing to yesterdays trade. Market breath was negative with 22 advances and 27 declines. FII’s were net sellers for 1589.68 crores! DII’s were net buyers for 691.15 crores. Today nifty had struggled around 5090 levels. Technically a stopping pattern had formed in the nifty price chart.
NIFTY TOMORROW
For tomorrow trade 5130 levels would be a significant level to be watched. Technically to my knowledge we may not see any further down move from here. My only misgiving is that FII’s were huge amount in today’s trade! Still, in my perspective, for tomorrow trade, I expect a wide range trade with positive bias. Lets see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5130 T1 – 5180, T2 – 5203, T3 – 5230 STOPLOSS 5116
SELL BELOW 5110 T1 – 5090, T2 – 5065, T3 – 5036 STOPLOSS 5124
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Tuesday, May 4, 2010
NIFTY TODAY
Today nifty traded in a wide range with negative bias. Volume had increased comparing to yesterday volume. Today nifty broke the neckline 5205 and closed above the important support level 5140. Market breath was negative with 4 advances and 46 declines. FII’s were net sellers for 29.68 crores. DII’s were net sellers for 438.08 crores.
NIFTY TOMORROW
To my knowledge, from here, I do not see any deep correction going forward. Nifty came down 75-odd points today, however FII’s remained net sellers for 29-odd crores! In my sense, nifty may move down to 5100 levels and not beyond that. Around 5130 levels nifty has strong support and this level should be watched carefully for tomorrow trade. As FII’s were not huge sellers today, I expect a pull back rally tomorrow. Nifty may trade in tight range with positive bias between 50 points or in a wide range retracing entire points that it had lost today. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5160 T1 – 5180, T2 – 5203, T3 – 5225 STOPLOSS – 5144
SELL BELOW 5130 T1 – 5102, T2 – 5080, T3 – 5060 STOPLOSS – 5144
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Today nifty traded in a wide range with negative bias. Volume had increased comparing to yesterday volume. Today nifty broke the neckline 5205 and closed above the important support level 5140. Market breath was negative with 4 advances and 46 declines. FII’s were net sellers for 29.68 crores. DII’s were net sellers for 438.08 crores.
NIFTY TOMORROW
To my knowledge, from here, I do not see any deep correction going forward. Nifty came down 75-odd points today, however FII’s remained net sellers for 29-odd crores! In my sense, nifty may move down to 5100 levels and not beyond that. Around 5130 levels nifty has strong support and this level should be watched carefully for tomorrow trade. As FII’s were not huge sellers today, I expect a pull back rally tomorrow. Nifty may trade in tight range with positive bias between 50 points or in a wide range retracing entire points that it had lost today. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5160 T1 – 5180, T2 – 5203, T3 – 5225 STOPLOSS – 5144
SELL BELOW 5130 T1 – 5102, T2 – 5080, T3 – 5060 STOPLOSS – 5144
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