Nifty: likely to trade above 5750 and may try to touch 5810 in the intraday.
Banking & IT Sector looking bullish .
keep watch on midcap banks & midcap IT compaines
Tuesday, January 18, 2011
Monday, January 17, 2011
Market Trend
Dear All,
Pull Back Rally is On Cards
Long term trend decider 200-Day EMA is at 5648 and Nifty traded most of the time above it yesterday. Nifty got support 6 times at 5640 and closed at 5655 with Doji formation and intraday charts showing consolidation patterns within 5640-5690 yesterday.
Daily Indicators and Averages Analysis:-
1-Averages- Nifty is hovering around 200-Day EMA and its sustaining beyond will confirm Long term trend and that will be dcided within this week.
2-Bollinger Band- is at lower band after fast slipping from upper band. As at lower band therefore indicating high up moves possibilities.
3- MACD- Both lines are sliding in negative zone. MACD line is below Average line and gap between both lines increased. As big divergence between both lines therefore up moves possibilities are high to converge both lines accor/ding to its nature.
Indian markets out performed global markets and consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered. Detailed analysis has already been posted yesterday in weekly- 17-01-2011 to 21-01-2011 and indicators analysis has been posted today. As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
Opening will depend on global cues but finally Green closing expected today.
Pull Back Rally is On Cards
Long term trend decider 200-Day EMA is at 5648 and Nifty traded most of the time above it yesterday. Nifty got support 6 times at 5640 and closed at 5655 with Doji formation and intraday charts showing consolidation patterns within 5640-5690 yesterday.
Daily Indicators and Averages Analysis:-
1-Averages- Nifty is hovering around 200-Day EMA and its sustaining beyond will confirm Long term trend and that will be dcided within this week.
2-Bollinger Band- is at lower band after fast slipping from upper band. As at lower band therefore indicating high up moves possibilities.
3- MACD- Both lines are sliding in negative zone. MACD line is below Average line and gap between both lines increased. As big divergence between both lines therefore up moves possibilities are high to converge both lines accor/ding to its nature.
Indian markets out performed global markets and consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered. Detailed analysis has already been posted yesterday in weekly- 17-01-2011 to 21-01-2011 and indicators analysis has been posted today. As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
Opening will depend on global cues but finally Green closing expected today.
Thursday, July 15, 2010
Trends
Pre-Open Market Outlook(16-07-2010)
Nifty traded narrow whole day within 5361-5395 yesterday and again got support at 5360 therefore this support has strengthen. Intraday charts of yesterday are showing consolidation patterns therefore firstly trading above 5400 and afterwards testing of next minor resistance range(5415-5440) is expected today. All trends are up,good consolidation and supports at lower levels,,no selling formations in daily and intraday charts therefore new top formation of on going 3rd wave is expected in the coming sessions.
US markets closed positive after recovering from more than 1% loss is sentiment boosting today therefore expected that almost all the Asian markets will be positive today morning and European markets will also open in Green today. Indian markets will enjoy this mood with positive opening above 5400 and whole day positive zone trading. New top formation possibility can not be ruled out today.
Nifty traded narrow whole day within 5361-5395 yesterday and again got support at 5360 therefore this support has strengthen. Intraday charts of yesterday are showing consolidation patterns therefore firstly trading above 5400 and afterwards testing of next minor resistance range(5415-5440) is expected today. All trends are up,good consolidation and supports at lower levels,,no selling formations in daily and intraday charts therefore new top formation of on going 3rd wave is expected in the coming sessions.
US markets closed positive after recovering from more than 1% loss is sentiment boosting today therefore expected that almost all the Asian markets will be positive today morning and European markets will also open in Green today. Indian markets will enjoy this mood with positive opening above 5400 and whole day positive zone trading. New top formation possibility can not be ruled out today.
Monday, June 14, 2010
mARKET VIEW
US MRKTS FLAT.
NIKI-17
HSG-6
SGX+6
NIFTY F :5210-5225-5245-5260 ON UPS SL 5148 & 5180-5162-5148 ON DIPS
MRKT WILL OPN FALT 2 +VE & CLS +VE
NIKI-17
HSG-6
SGX+6
NIFTY F :5210-5225-5245-5260 ON UPS SL 5148 & 5180-5162-5148 ON DIPS
MRKT WILL OPN FALT 2 +VE & CLS +VE
tRENDS
Pre-Open Market Outlook(15-06-2010)
All trends are up today after crossing 5148 by force. I never told for levels below 200 Day EMA and also told many times for turning of intermediate trend toward upside despite Wave 3 containing weak structure. Next resistance ranges are as follows:-
1- 5180-5210
2- 5225-5245
3- 5260-5340
4- 5350-5395
Intermediate term trend is up and it means that upmoves from 3 weeks to 3 months therefore expcted that Nifty will counter above mentioned resistance levels in the coming weeks. Resistances are strong therefore Indian markets will consolidate through struggling for every rise and in this process voltality may also increase. It has also been observed that Nifty is making new high after completion of intermediate term corrections therefore "new top formation possility of March 2009 is very much alive."
Rising wedge formation was seen in last one hour intraday chart yesterday within above mentioned 1st resistance range(5180-5210) therefore expected that today trading will be within and near about mentioned range and voltality may be high also. Indian markets will prepare for next moves and may be directionless today therefore telling more than above mentioned at this moment will be only guess work and will be like making false statements. Next moves of today will be decided after analysising first 3 hours intraday charts and will be posted accordingly.
View is bullish at this moment and complete selling patterns are required for begining of down moves and until that will not happen till then down moves below 5148 can not be imagined .
All trends are up today after crossing 5148 by force. I never told for levels below 200 Day EMA and also told many times for turning of intermediate trend toward upside despite Wave 3 containing weak structure. Next resistance ranges are as follows:-
1- 5180-5210
2- 5225-5245
3- 5260-5340
4- 5350-5395
Intermediate term trend is up and it means that upmoves from 3 weeks to 3 months therefore expcted that Nifty will counter above mentioned resistance levels in the coming weeks. Resistances are strong therefore Indian markets will consolidate through struggling for every rise and in this process voltality may also increase. It has also been observed that Nifty is making new high after completion of intermediate term corrections therefore "new top formation possility of March 2009 is very much alive."
Rising wedge formation was seen in last one hour intraday chart yesterday within above mentioned 1st resistance range(5180-5210) therefore expected that today trading will be within and near about mentioned range and voltality may be high also. Indian markets will prepare for next moves and may be directionless today therefore telling more than above mentioned at this moment will be only guess work and will be like making false statements. Next moves of today will be decided after analysising first 3 hours intraday charts and will be posted accordingly.
View is bullish at this moment and complete selling patterns are required for begining of down moves and until that will not happen till then down moves below 5148 can not be imagined .
Sunday, May 9, 2010
trends
Dear All,
Although US markets closed in deep Red last Friday but Nifty traded within 4980-5040 last Friday with intraday charts consolidation patterns therefore this range will be support for Indian markets. Expected that Nifty will trade first above 5040 in the coming week and Pull Back rally will be seen. As support developed within 4980-5040 last Friday therefore until Nifty does not sustain below mentioned range till then fresh down move will not be considered.
US and European markets crashed and Indian markets are also sliding with Asian markets after Good selling and strong multiple reisitances at higher levels but following factors are suggesting an upmove possibilities from here also:-
1- Last 3 sessions intraday charts are showing consolidation patterns.
2- Short term indicators are near or within oversold zone.
3- forming bottom below lower level line for the last 4 days.
US & EUROPEAN MRKTS IN RED
HSG +196 NIK +134 SGX+88
NIFTY IN OVERSOLD POSTION
+VE OPN & CLS EXP
NIFTY: 5072-5092-5120 ON UPS S.LOSS 500
Buy : ril suzlon hpcl new listing 2day t
alwalkars b.meetings: elecon gic jubilant
org,jubilantfoods,kemrock orbit tiil unichem usham
Although US markets closed in deep Red last Friday but Nifty traded within 4980-5040 last Friday with intraday charts consolidation patterns therefore this range will be support for Indian markets. Expected that Nifty will trade first above 5040 in the coming week and Pull Back rally will be seen. As support developed within 4980-5040 last Friday therefore until Nifty does not sustain below mentioned range till then fresh down move will not be considered.
US and European markets crashed and Indian markets are also sliding with Asian markets after Good selling and strong multiple reisitances at higher levels but following factors are suggesting an upmove possibilities from here also:-
1- Last 3 sessions intraday charts are showing consolidation patterns.
2- Short term indicators are near or within oversold zone.
3- forming bottom below lower level line for the last 4 days.
US & EUROPEAN MRKTS IN RED
HSG +196 NIK +134 SGX+88
NIFTY IN OVERSOLD POSTION
+VE OPN & CLS EXP
NIFTY: 5072-5092-5120 ON UPS S.LOSS 500
Buy : ril suzlon hpcl new listing 2day t
alwalkars b.meetings: elecon gic jubilant
org,jubilantfoods,kemrock orbit tiil unichem usham
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