Saturday, August 14, 2010

NIFTY THIS WEEK
This week nifty traded in a tight range with positive bias and managed to close above the previous week close. Volume was increased compared to previous week volume. FII’s remained net buyers all long week expect Wednesday. Technically an indecisive pattern had formed in the weekly price chart.
DOW JONES
Dow traded in a wide range with negative bias and manages to close above the crucial 10200 levels. Volume was increased compared to previous week volume. Disappointing data hurtled market into negative zone.

NIFTY NEXT WEEK
For past four weeks nifty had been trading in sideways. As a shooting star had formed last week in the weekly price chart we may expect a breakout on either side. To my knowledge only based on the global cues we may arrive at the conclusion of market direction. The 5383 and 5483 would be crucial levels to be watched for next week. Technically based on historical price chart I expect market to move upwards in come week.
DOW JONES
Many analyst and economist feel that there would be no double dip recession, however economy is weak. Based on this to my knowledge I feel that we may not see any deep correction from hereon however profit booking cannot be ruled out. For next week I expect Dow to trade in tight range with positive bias.
Let’s see what happens next week.

NIFTY NEXT WEEK TRADING RANGE
FOR UP MOVE 5460 – 5620
FOR DOWN MOVE 5460 - 5275


NIFTY MONDAY
Global cues would lead the market on Monday. As FII’s buying was considerably reduced we should be careful at higher levels. The 5483 would be crucial levels to be watched and bias would be positive for Monday trade. Let’s see what happens on Monday.
NIFTY TIPS
BUY ABOVE 5460 T1 – 5485, T2 – 5510, T3 – 5540 STOPLOSS – 5445
SELL BELOW 5445 T1 – 5410, T2 – 5385, T3 – 5360 STOPLOSS - 5460

SUBSCRIPTION DETAILS.

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
• We assure 70% - 80% ACCURACY
• Good attention all the time
• Calls given through SMS.


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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