Saturday, August 7, 2010

NIFTY THIS WEEK
Nifty this week traded in a tight range with positive bias and managed to close above 5400 levels. Volume was low compared to previous week volume. FII’s remained net buyers for all long week. Technically an indecisive pattern had formed in the weekly price chart.
DOW JONES
Dow this week traded in rather wide range with positive bias and managed to close above the important 10600 levels. Volume was low compared to previous week volume. Technically a bullish pattern had formed in the weekly price chart.
NIFTY NEXT WEEK
To my knowledge the IIP data and FED meet is the important data falls on next week, which would lead the market.
I had read in an article that US may not see a double dip recovery however the growth would be weak. Based on this I feel that we may not see any huge correction going forward however profits booking cannot be ruled out.
Technically nifty had been trading in sideways for past three weeks within the 5360 – 5460 levels. In my perspective next week we may expect an upside breakout or tight range with positive bias and my bias would be positive for next week.
DOW JONES
As Dow had closed above the crucial 10600 levels; I expect an up move next week. The FED meet falls on next week would be significant happening to be watched. Any positive outcome from the meeting would hurtle Dow into the 11000 zone.
Let’s see what happens next week.

NIFTY NEXT WEEK TRADING RANGE
FOR UP MOVE 5450 – 5620
FOR DOWNSIDE MOVE 5450 – 5300

NIFTY MONDAY
Global cues would lead the market on Monday. As FII’s were continually buying we may expect an up move on Monday. The 5483 levels would be significant levels to be watched. Let’s see what happens on Monday.
NIFTY TIPS
BUY ABOVE 5440 T1 – 5470, T2 – 5505, T3 – 5540 STOPLOSS – 5425
SELL BELOW 5425 T1 – 5390, T2 – 5365, T3 – 5335 STOPLOSS – 5440

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NIFTY FUTURE TIPS - 3000/= per month.
• DAILY 1 – 2 CALLS on CURRENT MONTH FUTURES
• Sometimes BANK NIFTY CALLS given
• MONTHLY around 35 – 40 CALLS in 22 trading sessions
• WEEKLY market predictions & TRADING RANGE given
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STOCK TIPS - 3000/= per month.
• Daily 3 – 5 cash market calls
• Around 6 – 8 swing calls will be given per month
• Nifty daily outlook will given
• We assure 70% - 80% ACCURACY
• Good attention all the time
• Calls given through SMS.

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