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.
Thursday, July 15, 2010
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
Wednesday, May 5, 2010
Sunday, May 2, 2010
Trends
Nifty is trading within 5160-5399 for the last 30 sessions. Good selling within following ranges:-
1- 5268-5292
2- 5315-5335
3- 5350-5387
Last friday closing is at 5278 and now next support ranges are as follows:-
1- 5225-5245
2- 5165-5210
Intraday charts of last Friday are showing genuine selling patterns therefore down move is confirm today and Nifty will test above mentioned 2nd support range(5165-5210) in the coming sessions. If Nifty sustains below 5187 then intermediate term trend will turn down and that will mean down moves from 3 weeks to 3 months. As good selling at higher levels therefore the possibility intermediate term trend turning downward has increased.
I concluded selling from last friday intraday charts analysis therefore gave Nifty F&O shorting call. This call closed in profit but profits will increase also after gap down opening next monday."
Indian markets will open gap down and close in Red after whole day negative zone trading.
1- 5268-5292
2- 5315-5335
3- 5350-5387
Last friday closing is at 5278 and now next support ranges are as follows:-
1- 5225-5245
2- 5165-5210
Intraday charts of last Friday are showing genuine selling patterns therefore down move is confirm today and Nifty will test above mentioned 2nd support range(5165-5210) in the coming sessions. If Nifty sustains below 5187 then intermediate term trend will turn down and that will mean down moves from 3 weeks to 3 months. As good selling at higher levels therefore the possibility intermediate term trend turning downward has increased.
I concluded selling from last friday intraday charts analysis therefore gave Nifty F&O shorting call. This call closed in profit but profits will increase also after gap down opening next monday."
Indian markets will open gap down and close in Red after whole day negative zone trading.
Market 2day
stock 4 buy on dips:
marg
adanipower
cairn
glenmark
canarabk
results:
jswstl
idea
centex
mirc
united bk of india
pnb gilts
mahseamles
hdfc
marg
adanipower
cairn
glenmark
canarabk
results:
jswstl
idea
centex
mirc
united bk of india
pnb gilts
mahseamles
hdfc
Thursday, April 29, 2010
BANKING
BANKING INTRADAY: SBI ICICIBANK CORPORATION BANK OBC
POSITIONAL : UCO VIJAY DENA CORPORATION OBC
BUY WITH THE NIFTY SL OF 5220
POSITIONAL : UCO VIJAY DENA CORPORATION OBC
BUY WITH THE NIFTY SL OF 5220
Market 2day
DOW+122 NAS+40 S&P 15 SGX+23 NIK+147 HSG+229
NIFTY 5275-5291-5315-5345 ON UPS & 5245-5
220 ON DIPS +VE OPENING & CLOSING EXPECTED TODAy
Stokcs watch:
buy ril renuka tatacoffee psl biocon patni computers rpower hdfc
realty & banking may perform better
buy small midcap banks
NIFTY 5275-5291-5315-5345 ON UPS & 5245-5
220 ON DIPS +VE OPENING & CLOSING EXPECTED TODAy
Stokcs watch:
buy ril renuka tatacoffee psl biocon patni computers rpower hdfc
realty & banking may perform better
buy small midcap banks
Wednesday, April 28, 2010
Trends
Indian markets slipped after depressing Grecce news and weaker global cues yesterday but survived above 5200 and intermediate term trend is safe at present. Nifty got intraday support within 5204-5218 yesterday after some selling within 5255-5266 therefore expected that today intraday moves will remain capped within 5210-5250 amid flat global sentiments today.
Long term and intermediate term trends are up and short term is down after good selling between 5315-5387. It is confirm that Indian markets require complete consolidations for moving above 5315. Selling in the coming sessions will mean breaking down 5187 and that will mean Intermediate term trend turning downard resultant down move from 3 weeks to 3 months.
Derivative settlement today and expected that Nifty will not move below 5200 today after little positive opening. Expected that almost whole day trading will be between 5210-5250 and closing will also be within this range.
Long term and intermediate term trends are up and short term is down after good selling between 5315-5387. It is confirm that Indian markets require complete consolidations for moving above 5315. Selling in the coming sessions will mean breaking down 5187 and that will mean Intermediate term trend turning downard resultant down move from 3 weeks to 3 months.
Derivative settlement today and expected that Nifty will not move below 5200 today after little positive opening. Expected that almost whole day trading will be between 5210-5250 and closing will also be within this range.
Tuesday, April 27, 2010
Trends
In recent bullish move I clearly told that 5350-5387 is good resistance and Nifty could not crosssed it. As I was having doubts on upmoves therefore I am telling for the last 2 days for minimum testing of 5280-5300. Selling at higher levels and crashing global markets will supress Indian markets and trading will be seen near 5250 after gap down opening. Indian markets are Range bound in the broader range of 5195-5387 and until intermediate trend is safe above 5187.
Strong supports are within 5195-5225 and for breaking it down complete selling is required. Global sentiment is disturbed after Greece and Portugal problenms and if fresh selling develops in Indian markets in the coming sessions then levels below 5195 will be seen. Finally broader range 5195-5387 break out will decide next big moves of Indian markets.
Red Oening,Red zone trading and Red closing expected today.
Strong supports are within 5195-5225 and for breaking it down complete selling is required. Global sentiment is disturbed after Greece and Portugal problenms and if fresh selling develops in Indian markets in the coming sessions then levels below 5195 will be seen. Finally broader range 5195-5387 break out will decide next big moves of Indian markets.
Red Oening,Red zone trading and Red closing expected today.
Market 2day
DOW-213 NAS-51 S&P-28
SGX-65 NIK-276 HSG-306
NIFTY: 5245-5225-5198 ON DIPS ON UPSIDES 2DA
GLOBAL CUES R VRY BARISH & OUR MRKTS 2 OVER REACT
SGX-65 NIK-276 HSG-306
NIFTY: 5245-5225-5198 ON DIPS ON UPSIDES 2DA
GLOBAL CUES R VRY BARISH & OUR MRKTS 2 OVER REACT
Sunday, April 25, 2010
trends
Long term and intermediate term trends are up and short term is sideways. Good support near 5200 and strong resistance just below 5400 and nifty is exactly in the middle at 5304.10. Following facrors are clearly showing uptrend:-
1-Both long term trends are up.
2- Fresh rally started after completion of correction.
3- Very short term indicators recovered from oversold regions.
4- Previous weekly closing was positive.
5- Weekly indicators are positive.
Bullishness visible all round therefore sentiment heated today morning and fresh consolidations also required for any upmove because resistances at higher levels. Many times profit booking also develops in such type of sentiments therefore fresh buying should be done after completion of intraday corrections.
Next resistance range is 5340-5387 therefore expected that Nifty will trade first near lower levels of this range after gap up opening today. Immediate support range is 5280-5300 and this range may be tested in situation of profit booking.
Green opening and alomost whole time positive zone trading is confirm. As fresh consolidation requires for next upmove therefore today closing can not be guaranteed because market turns volatile sometimes in heated sentiments like today.
1-Both long term trends are up.
2- Fresh rally started after completion of correction.
3- Very short term indicators recovered from oversold regions.
4- Previous weekly closing was positive.
5- Weekly indicators are positive.
Bullishness visible all round therefore sentiment heated today morning and fresh consolidations also required for any upmove because resistances at higher levels. Many times profit booking also develops in such type of sentiments therefore fresh buying should be done after completion of intraday corrections.
Next resistance range is 5340-5387 therefore expected that Nifty will trade first near lower levels of this range after gap up opening today. Immediate support range is 5280-5300 and this range may be tested in situation of profit booking.
Green opening and alomost whole time positive zone trading is confirm. As fresh consolidation requires for next upmove therefore today closing can not be guaranteed because market turns volatile sometimes in heated sentiments like today.
Thursday, April 22, 2010
Wednesday, April 21, 2010
Trends
Nifty yesterday intraday charts are showing selling patterns therefore next resistance range is 5245-5275. Nifty consolidated within 5161-5195 on 19-04-2010 therefore it is support range. Multiple resistances at higher levels therefore complete consolidation required to cross resistances and move above them. As per my view moving below 5200 and retesting 5187 is most possible down move in the coming sessions and more down move possibility can also not be ignored.
Expected that Nifty will not cross 5275 and firstly retest 5187. This out look is being posted at 04:00 am therefore Asian markets cues are not available but expecting that Asian markets will be flat or negative today morning. US markets charts are also showing selling patterns therefore a very short term correction expected there also.
Flat to negative opening expected today. First trading should be within 5210-5255 and slippling below 5210 is expected. Finally Red closing expected today.
Expected that Nifty will not cross 5275 and firstly retest 5187. This out look is being posted at 04:00 am therefore Asian markets cues are not available but expecting that Asian markets will be flat or negative today morning. US markets charts are also showing selling patterns therefore a very short term correction expected there also.
Flat to negative opening expected today. First trading should be within 5210-5255 and slippling below 5210 is expected. Finally Red closing expected today.
Trend
US MRKTS CLS FLAT
NIK-208 HSG-196 SGX-26
NIFTY: 5220-5200-5186 ON FALLS & 5260-5281 ON RISE
MARKTS 2 OPN -VE & MA TRD SIDEWAYS WID -VE BIA
NIK-208 HSG-196 SGX-26
NIFTY: 5220-5200-5186 ON FALLS & 5260-5281 ON RISE
MARKTS 2 OPN -VE & MA TRD SIDEWAYS WID -VE BIA
Tuesday, April 20, 2010
Market 2day
Yesterday though mrkt closed +ve, but selling was there in last 1 hour.
so 2day flat 2 +ve opnin & flat 2 -ve clsin
stocks
gail
idfc
cipla
so 2day flat 2 +ve opnin & flat 2 -ve clsin
stocks
gail
idfc
cipla
markets 2day
dow+25
nas+20
s&p+9.65
nik+168
hsg-92
sgx+18
nifty 5248-5265-5281 on rise & 5212-5190 on falls
results: hcltec stci uniteds tvsmot zeenews
nas+20
s&p+9.65
nik+168
hsg-92
sgx+18
nifty 5248-5265-5281 on rise & 5212-5190 on falls
results: hcltec stci uniteds tvsmot zeenews
Trends
Long term and intermediate term trends are up and short term trend is down. Intermediate term will convert downward after Nifty sustaining below 5187. Correction started after Rising wedge(reversal pattern) formation and Nifty got very short term support between 5161-5195 on 19-04-2010. Good selling at higher levels therefore short term trend is down and after yesterday intrady charts selling formations Nifty will again retest 5187 in the coming sessions. Immediate resistance range is 5250-5275 and Nifty is not going to cross it easily. Comlete consolidation requires to cross 5275 and this process has not started yet.
Nifty will not cross mentioned resistance range(5250-5275) and will move below 5200 to test 5187 in the coming sessions. Although not confirm but my assessment telling that Nifty will break down 5187 and next target will be 5125. Support range of 5050-5120 is strong and complete selling patterns are required to break it down.
Opening will depend on global cues today and closing will be in Red today after firstly trading within 5210-5255.
Nifty will not cross mentioned resistance range(5250-5275) and will move below 5200 to test 5187 in the coming sessions. Although not confirm but my assessment telling that Nifty will break down 5187 and next target will be 5125. Support range of 5050-5120 is strong and complete selling patterns are required to break it down.
Opening will depend on global cues today and closing will be in Red today after firstly trading within 5210-5255.
Sunday, April 11, 2010
STOCKS WATCH
STOCKS WATCH
VIDEOCON
SPICEJT
RELCAP
LIC
PETRONET
RIL
CAIRN
DLF
IFCI
STOCK FOR D WEEK
GODREJ CONSU
JUBILANT ORG
UNITECH
MPHASIS
DHANUKA
VIDEOCON
SPICEJT
RELCAP
LIC
PETRONET
RIL
CAIRN
DLF
IFCI
STOCK FOR D WEEK
GODREJ CONSU
JUBILANT ORG
UNITECH
MPHASIS
DHANUKA
NIFTY
US MRKTS CLD+VE
NIK+110 HSG+38 SGX+8 CRD$85+
NIFTY: 5387-5399-5412 ON UPS & 5345-5325 ON DWNS
N.RANGE: 5289-5399
N.RESIS: 5355-5387
NIK+110 HSG+38 SGX+8 CRD$85+
NIFTY: 5387-5399-5412 ON UPS & 5345-5325 ON DWNS
N.RANGE: 5289-5399
N.RESIS: 5355-5387
Trend
All trends are up. Daily and Weekly charts are showing correction signals but intraday charts are not showing required selling patterns to suggest for begining of correction. Crucial trading ranges to decide next moves are as follows:-
Good consolidations between(strong supports):- 1- 5265-5275,2- 5240-5250,3- 5195-5225
Last and only resistance:- 5355-5387
Mixed intraday charts formations(on 09-04-2010.):- 5335-5377
Next expected trading range:- 5335-5387(sustaining beyond will give next trend confirmations)
5335-5387 is next trading range and sustaining beyond will give next move confirmations. All trends are up and Strong supports at lower levels. sustaining above 5387 will mean strong upmove after completing previous week very short term correction. complete selling patterns are required for breaking down 5335 and if fresh selling develops in the coming sessions only then 5335 will be broken down.
Firstly trading between 5335-5387 will be seen. Indian markets are not prepared for any side decisive move therefore will trade within and prepare for next moves. breaking and sustaining beyond will give next move confirmation.
Good consolidations between(strong supports):- 1- 5265-5275,2- 5240-5250,3- 5195-5225
Last and only resistance:- 5355-5387
Mixed intraday charts formations(on 09-04-2010.):- 5335-5377
Next expected trading range:- 5335-5387(sustaining beyond will give next trend confirmations)
5335-5387 is next trading range and sustaining beyond will give next move confirmations. All trends are up and Strong supports at lower levels. sustaining above 5387 will mean strong upmove after completing previous week very short term correction. complete selling patterns are required for breaking down 5335 and if fresh selling develops in the coming sessions only then 5335 will be broken down.
Firstly trading between 5335-5387 will be seen. Indian markets are not prepared for any side decisive move therefore will trade within and prepare for next moves. breaking and sustaining beyond will give next move confirmation.
Tuesday, March 30, 2010
Trends
As last friday selling signals emerged therefore I was indicating for down move possibilities for the last 2 sessions and it was seen yesterday. Selling observed in last 3 sesssions within 5280-5325 and for crossing this range consolidation is must. Good support is within 5205-5225.
I told yesterady that Indian markets are mature for short term correction. Short term trend will be seen below 5183 and intermediate term will down below 5049. coming sessions trading range will be 5225-5280 and within this range Indian markets will prepare for next moves. Now be bullish either after complete consolidation patterns or after Nifty cossing 5330 and bear phase will be below 5183.
Today trading range will be 5225-5280 and coming sessions intraday charts within it will decide that Nifty will break 5330 or 5183.
I told yesterady that Indian markets are mature for short term correction. Short term trend will be seen below 5183 and intermediate term will down below 5049. coming sessions trading range will be 5225-5280 and within this range Indian markets will prepare for next moves. Now be bullish either after complete consolidation patterns or after Nifty cossing 5330 and bear phase will be below 5183.
Today trading range will be 5225-5280 and coming sessions intraday charts within it will decide that Nifty will break 5330 or 5183.
Monday, March 22, 2010
stocks
STOCKS ONGC OILINDA INFOSYS TCS DLF H
DIL RELINFRA RIL WELSPUN GUJ SUNPHARADV SIEMENS ADHUNIK METALS
PLS TRADE IN INDEX HEAVY WEIGHT WITH D NIFTY ST
DIL RELINFRA RIL WELSPUN GUJ SUNPHARADV SIEMENS ADHUNIK METALS
PLS TRADE IN INDEX HEAVY WEIGHT WITH D NIFTY ST
Trends
5100-5150 is strong support range and for breaking down this range complete selling formations are required at higher levels and this range is not going to break down easily. I am telling continuously that 5250-5290 is strong resistance range also therefore for breaking out this range complete consolidation is required.
Nifty traded and consolidated last week within 5220-5260 but Short term correction started in many Global markets therefore almost all the Asian markets closed in Red yesterday. Deep Red trading European markets and more than 55 points down Dow's futures also triggered Indian markets down move and Indian markets closed at the lowest of the day little above 5200 yesterday. weak Global cues were the main reasons for down moves yesterday.
Last week intraday charts are not showing selling formations. Fresh selling requires in the coming sessions for Nifty sustaining below 5200. All trends are up and yesterday down move was only the result of weak global cues and only due to dampened sentiments Nifty broken down support range of 5215-5230. Nifty intraday chart of yesterday is showing consolidation formations therefore expected that Nifty will finally sustain above 5230 and rally will remain continued to cross 5300 in the coming sessions.
For up trend confirmations 5230 should be watched today and Nifty sustaining above it will give confirmation to Nifty testing of last resistance range of 5250-5290. Expected that Nifty will finally cross it and sustain above 5300. As Dow's futures was trading more than 55 points down yesterday therefore Indian markets opening will depend on the cues of global markets but expected that Nifty will finally sustain above 5230 and rally in Indian markets will remain continued.
Intraday long positions can be initiated if Nifty sustains above 5230 and fresh shorting positions only after confirmed distribution patterns.
Nifty traded and consolidated last week within 5220-5260 but Short term correction started in many Global markets therefore almost all the Asian markets closed in Red yesterday. Deep Red trading European markets and more than 55 points down Dow's futures also triggered Indian markets down move and Indian markets closed at the lowest of the day little above 5200 yesterday. weak Global cues were the main reasons for down moves yesterday.
Last week intraday charts are not showing selling formations. Fresh selling requires in the coming sessions for Nifty sustaining below 5200. All trends are up and yesterday down move was only the result of weak global cues and only due to dampened sentiments Nifty broken down support range of 5215-5230. Nifty intraday chart of yesterday is showing consolidation formations therefore expected that Nifty will finally sustain above 5230 and rally will remain continued to cross 5300 in the coming sessions.
For up trend confirmations 5230 should be watched today and Nifty sustaining above it will give confirmation to Nifty testing of last resistance range of 5250-5290. Expected that Nifty will finally cross it and sustain above 5300. As Dow's futures was trading more than 55 points down yesterday therefore Indian markets opening will depend on the cues of global markets but expected that Nifty will finally sustain above 5230 and rally in Indian markets will remain continued.
Intraday long positions can be initiated if Nifty sustains above 5230 and fresh shorting positions only after confirmed distribution patterns.
Sunday, March 21, 2010
TRends
In fact this is psychologically bad news and virtually having no immediate harming impact. 3 following historical examples will clear the impact of this news also;-
1- US Fed hiked Discount rate by 25 bps on 18-02-2010 after closing of their markets and next day in reaction Asian markets were more than 2% down and Dow's futures also traded more than 90 points down but no adverse impact was seen and US markets closed in Green on 19-02-2010.
2- SGX Nifty was more than 200 points up on 19-05-2009 but Nifty opened flat and closed in Red same day(It was next day after post-election results double upper-freeze session).
3- Markets moves on technicals and not much effected by news. All trends were up before the begining of Kargil war on 08-05-1999(Sensex @3707) and during war short and intermediate term trend trends turned down but long term trend always remained up. on July 4 when Pakistan P.M.Sharif agreed to withdraw Pakistani forces Sensex was at 4194. Sensex gained 487 points during that war when Nuclear war fear was in every one mind.
As per my view this news is positive and being taken negative due to psychological reasons and without understanding its implications. WOrst situation will be weak opening and that will provide buying opportunity immediately after first sign of consolidations. Sharp rally expected in Real Estate,Auto,Banking interest sensetive sectors as well as in Indian markets next Monday.
1- US Fed hiked Discount rate by 25 bps on 18-02-2010 after closing of their markets and next day in reaction Asian markets were more than 2% down and Dow's futures also traded more than 90 points down but no adverse impact was seen and US markets closed in Green on 19-02-2010.
2- SGX Nifty was more than 200 points up on 19-05-2009 but Nifty opened flat and closed in Red same day(It was next day after post-election results double upper-freeze session).
3- Markets moves on technicals and not much effected by news. All trends were up before the begining of Kargil war on 08-05-1999(Sensex @3707) and during war short and intermediate term trend trends turned down but long term trend always remained up. on July 4 when Pakistan P.M.Sharif agreed to withdraw Pakistani forces Sensex was at 4194. Sensex gained 487 points during that war when Nuclear war fear was in every one mind.
As per my view this news is positive and being taken negative due to psychological reasons and without understanding its implications. WOrst situation will be weak opening and that will provide buying opportunity immediately after first sign of consolidations. Sharp rally expected in Real Estate,Auto,Banking interest sensetive sectors as well as in Indian markets next Monday.
Wednesday, March 17, 2010
STOCKS WATCH
STKS WATCH
HARRISON T 135-145
BILT T 26.50
MARICO T 112-15
GAIL
GRAPHITE
JAICORP
NTPC
MERCATOR
NEW LISTING: UNITED BANK OF INDIA
HARRISON T 135-145
BILT T 26.50
MARICO T 112-15
GAIL
GRAPHITE
JAICORP
NTPC
MERCATOR
NEW LISTING: UNITED BANK OF INDIA
pre- opening
DOW+48 NAS+11 S&P+7
NIKKI-23 HSG+5 SGX+4
NIFTY RANGE : 5248-5261-5281 ON UPS & 5210-5189-5162 ON DIPS
MRKTS 2 OPN FLAT 2 +VE .
NIKKI-23 HSG+5 SGX+4
NIFTY RANGE : 5248-5261-5281 ON UPS & 5210-5189-5162 ON DIPS
MRKTS 2 OPN FLAT 2 +VE .
Tuesday, March 16, 2010
Stocks
Stocks watch
tataspong
hotel leela ,indhotel
mundraport
icici
sbi
everonsys
nalco
hindalco
bajajstl
indowind
manappuram
diamond cable 4 deli
tataspong
hotel leela ,indhotel
mundraport
icici
sbi
everonsys
nalco
hindalco
bajajstl
indowind
manappuram
diamond cable 4 deli
Markets 2day
I had told about the upward break out possibility of last 6 days range and it was seen yesterday when Nifty crossed range by force. Nifty crossed 5200 yesterday and will test last strong resistance range(5250-5290) of march 2009 rally in the coming sessions. As this range is strong resistance therefore narrow range trading will be seen within it for some days. Indicators are in overbought zone therefore short term correction may be seen within this range. 5100 is now strong support and March 2009 rally is very much safe above it.
Sentiment heated after yesterday sharp rally therefore voltality is possible today and buying should be done after completion of intraday corrections and buying immediately after opening will be little risky. As last resistance range is strong therefore Nifty will take some sessions within it for consolidations to cross 5290.
No selling signal at this moment therefore only very short term shorting trades with small targets are possible in heated sentiments like today. May go long after completion of intraday corrections.
Gap up opening and most of the time positive zone trading above 5200 will be seen and today expected trading range is between 5195-5250.
Sentiment heated after yesterday sharp rally therefore voltality is possible today and buying should be done after completion of intraday corrections and buying immediately after opening will be little risky. As last resistance range is strong therefore Nifty will take some sessions within it for consolidations to cross 5290.
No selling signal at this moment therefore only very short term shorting trades with small targets are possible in heated sentiments like today. May go long after completion of intraday corrections.
Gap up opening and most of the time positive zone trading above 5200 will be seen and today expected trading range is between 5195-5250.
pre- opening
DOW+44 NAS+16 S&P+9
FTSE+27 CAC+48
NIK+74 HSG+138 SGX+30
NIFTY 5240-5262-5281 ON UPS & 5181 ON DIPS
GAP UP OPNIN & +VE CLSING EXPECTED
FTSE+27 CAC+48
NIK+74 HSG+138 SGX+30
NIFTY 5240-5262-5281 ON UPS & 5181 ON DIPS
GAP UP OPNIN & +VE CLSING EXPECTED
Sunday, March 14, 2010
STOCKS WATCH
INFALTION DATA & ADV TAX FIG
+VE?S
NALCO GODREJ LIC HSG COLGATE TCS KOTAK BANK TAT
ASTL HINDALCO
-VE'S
NIFTY MARUTI SBI HDIL
+VE?S
NALCO GODREJ LIC HSG COLGATE TCS KOTAK BANK TAT
ASTL HINDALCO
-VE'S
NIFTY MARUTI SBI HDIL
STOCKS WATCH
NIFTY RANGE 5050-5150
CLS ABV 5150 WIL LEAD 2 5250 &BLW 5050 WIL TAKE BACK 2 4850 LEVLES
MRKTS WIL BE TIGHTLY RANGE BOUND WID DWNWARD BIAS
CLS ABV 5150 WIL LEAD 2 5250 &BLW 5050 WIL TAKE BACK 2 4850 LEVLES
MRKTS WIL BE TIGHTLY RANGE BOUND WID DWNWARD BIAS
NIFTY
NIFTY RANGE 5050-5150
CLS ABV 5150 WIL LEAD 2 5250 &BLW 5050 WIL TAKE BACK 2 4850 LEVLES
MRKTS WIL BE TIGHTLY RANGE BOUND WID DWNWARD BIAS
CLS ABV 5150 WIL LEAD 2 5250 &BLW 5050 WIL TAKE BACK 2 4850 LEVLES
MRKTS WIL BE TIGHTLY RANGE BOUND WID DWNWARD BIAS
Thursday, March 11, 2010
MARKETS TODAY
US MRKTS +VE
NIK+43 HSG-23 SGX-10
NIFTY 5148-5162-5181 ON UPS 5110-5080 ON LOWS
MRKTS WIL OPN FLAT
WIL VRY RANGEBOUND TRD
+VE CLSIN EXPTD
NIK+43 HSG-23 SGX-10
NIFTY 5148-5162-5181 ON UPS 5110-5080 ON LOWS
MRKTS WIL OPN FLAT
WIL VRY RANGEBOUND TRD
+VE CLSIN EXPTD
Wednesday, March 10, 2010
Nifty traded last three days most of the time within 5100-5140 and this range break out will give strong move to Indian markets. Only Intraday charts analysis have power to tell in advance the side of break out and taking position for that side in advance will give real profits. Last 3 days analysis is suggesing upside break out possibilities but yesterday US marets intraday charts are showing selling formations also and all the global markets are flat and prepared to blow up therefore cautious approach is must because signals are completely mixed.
Firstly trading within 5100-5140 will be seen and its break out and sustaining beyond will give confirmation. As intraday charts of Indian markets are showing consolidation formations therefore view is positive but I am cautious and trading is advised after complete confirmations
Firstly trading within 5100-5140 will be seen and its break out and sustaining beyond will give confirmation. As intraday charts of Indian markets are showing consolidation formations therefore view is positive but I am cautious and trading is advised after complete confirmations
stocks watch
stocks watch
ibreal sl 172.2
sujnametal sl 34.80
abb sl 825
suzlon sl 76
essaroil sl 142
icicibk sl 902
rcom,gammonind
relcap sl 800
ibreal sl 172.2
sujnametal sl 34.80
abb sl 825
suzlon sl 76
essaroil sl 142
icicibk sl 902
rcom,gammonind
relcap sl 800
mrkts 2day
US MRKT CLS FLAT 2 +VE
NIK+90 HSG+19 SGX+12
NIFTY: 5130-5145-5164 ON UPS & 5097-5079 ON DWNS
MANINFRACON LISTIN 2DAY
MRKT 2 OPN & CLS +VE
NIK+90 HSG+19 SGX+12
NIFTY: 5130-5145-5164 ON UPS & 5097-5079 ON DWNS
MANINFRACON LISTIN 2DAY
MRKT 2 OPN & CLS +VE
Tuesday, March 9, 2010
markets 2day
Markts 2 opn flat 2 +ve.
nifty wld trade within 5080-5145 & break up/below ma decide further trend
tmotors aleyland looks good 4 deliver
nifty wld trade within 5080-5145 & break up/below ma decide further trend
tmotors aleyland looks good 4 deliver
markets 2day
Markts 2 opn flat 2 +ve.
nifty wld trade within 5080-5145 & break up/below ma decide further trend
tmotors aleyland looks good 4 deliver
nifty wld trade within 5080-5145 & break up/below ma decide further trend
tmotors aleyland looks good 4 deliver
Market 2day
DOW+11 NAS+8 S&P+2
NIKI-8 HSG-31 SGX+3
NIFTY : 5115-5135 ON UPS & 5079-5065 ON DWNS
STOCKS WATCH
IVRCLINFRA
VIDEOCON
INFOSYS WIPRO
NMDC
NIKI-8 HSG-31 SGX+3
NIFTY : 5115-5135 ON UPS & 5079-5065 ON DWNS
STOCKS WATCH
IVRCLINFRA
VIDEOCON
INFOSYS WIPRO
NMDC
Monday, March 8, 2010
Sunday, March 7, 2010
PRE-OPEN
buy
petronet
gspl
purvankara
ifci
suzlon
punj
herohonda,
tatapower
axisbank
kotakmahindra
nifty 5120-5135-5155 on highs & 5075-5055-5032 on lows
mrkt to opn & close in green today
petronet
gspl
purvankara
ifci
suzlon
punj
herohonda,
tatapower
axisbank
kotakmahindra
nifty 5120-5135-5155 on highs & 5075-5055-5032 on lows
mrkt to opn & close in green today
Thursday, March 4, 2010
Indian markets are preparing for next move after post budget 3 days upmove and in this process Indian markets(Nifty) traded within narrow range (5050-5100) Yesterday. candlesticks of yesterday is showing bearish harami and bullish hammer patterns. Intraday charts are also showing mixed patterns therefore more preparation is required for Indian markets decisive moves and that will be seen in the coming sesions. All trends are up and global cues are also strong today morning therefore expected that Indian markets will consolidate and prepare for upmoves near 5100 and confirmation will arrive after Nifty sustaining of above it.
Asian markets are strong today morning therefore Nifty will open and trade first near 5100. As per my view more consolidation requires for next upmoves therefore today closing will be decided after watching first couple of hours intraday trading patterns.
Asian markets are strong today morning therefore Nifty will open and trade first near 5100. As per my view more consolidation requires for next upmoves therefore today closing will be decided after watching first couple of hours intraday trading patterns.
MARKET TODAY
DOW+47 NAS+12 S&P+4
NIK+212 SGX+30
NIFTY RANGE: 5035-5150
NIFTY 2DAY: 5110-5135-5150-5170 ON UPS & 5050-5035 ON DOWNS
MARKET EXPEXTED ON GAP UP AND CLOSE IN GREEN
PLEASE APPLY STOP LOSS IN ALL YOUR INTRADAY TRADES.
NIK+212 SGX+30
NIFTY RANGE: 5035-5150
NIFTY 2DAY: 5110-5135-5150-5170 ON UPS & 5050-5035 ON DOWNS
MARKET EXPEXTED ON GAP UP AND CLOSE IN GREEN
PLEASE APPLY STOP LOSS IN ALL YOUR INTRADAY TRADES.
Tuesday, March 2, 2010
US MRKTS CLOSES ABSOLUTELY FLAT AND EVEN ASIAN MRKTS IS FOLLOWING THE TREND
NIKDKI+30
HSG+3
SGX-4
NIFTY 5030-5048 ON UPS & 4992-4978 ON FALLS
MARKETS WILL OPEN FLAT AND WILL TRADE IN LIMITED RANGE MAY BE WITH DOWNWARD BIAS
WATCH
RANBAXY MAY END LOWER
TCS & INFOSYS MAY ATTRACT SOME SELL OF
LYONDELL REJECTS RELIANCE BID OF $14.5 BN
NIKDKI+30
HSG+3
SGX-4
NIFTY 5030-5048 ON UPS & 4992-4978 ON FALLS
MARKETS WILL OPEN FLAT AND WILL TRADE IN LIMITED RANGE MAY BE WITH DOWNWARD BIAS
WATCH
RANBAXY MAY END LOWER
TCS & INFOSYS MAY ATTRACT SOME SELL OF
LYONDELL REJECTS RELIANCE BID OF $14.5 BN
Morning
Please type "join mrktwatch" from your mobile & send to 567678 to receive free stock market updates for free....
Monday, March 1, 2010
We had been constantly telling you about the up moves since the beginning of this month.
We very Clearly told you that on the day of budget up moves to the extent of 5000 would be seen, However profit-booking in the last 30 minutes whitewashed the major portion of the gains.But does not mean that market is in bearish mood.
Markets are wiser the us. They just not trade as per our expectation. Markets are emotionless and without sentiments, In other word they are very practical .
Today Market are expected to open gap up and may try to kiss 5000-5020 in northwards with ultimate aim of 5150 in coming days. However in a very short term trade , please always trade with the stop loss, because markets are wiser than us, so on the lower side use 4850-4800 as stop loss and trade upwards.
Markets will close in green today.
We very Clearly told you that on the day of budget up moves to the extent of 5000 would be seen, However profit-booking in the last 30 minutes whitewashed the major portion of the gains.But does not mean that market is in bearish mood.
Markets are wiser the us. They just not trade as per our expectation. Markets are emotionless and without sentiments, In other word they are very practical .
Today Market are expected to open gap up and may try to kiss 5000-5020 in northwards with ultimate aim of 5150 in coming days. However in a very short term trade , please always trade with the stop loss, because markets are wiser than us, so on the lower side use 4850-4800 as stop loss and trade upwards.
Markets will close in green today.
Thursday, February 18, 2010
TRends
Short term and long term trends are up and intermediate term is down. Pull Back rally is on and intermediste term will be up above 4951 and Nifty if struggling near it because there if previous resistance range is 4920-4950 and moved down yesterday after good between 4920-4930 on 17-02-2010. Yesterday intraday patterns are showing consolidation between 4875-4900. Although US markets closed with good gains yesterday but its futures are trading in deep Red after this news that US Fed hiked Discount rate by 25 Bps to 0.75%. All the Asian markets are reacting this news by trading in Red. As Indian markets are showing both selling and buying between 4875-4930 in last 2 days therefore this range will be trend decider. If Nifty sustains below 4875 finally after depressing news from US Federal Reserve then that will be most depressing for Indian markets.
Asian markets are extremely depressed and sentiment is completely dampened therefore weak opening will be seen. on going Pull Back rally got momentum after good consolidation between 4790-4835 and if Nifty sustains above this range then upmoves will be seen in next week. My view is not bearish and expecting sustaining above 4835 and recovery either today or in next week. It is being felt that global markets are over reacting and will normalise in next week as well as upmoves will also be seen.
Asian markets are extremely depressed and sentiment is completely dampened therefore weak opening will be seen. on going Pull Back rally got momentum after good consolidation between 4790-4835 and if Nifty sustains above this range then upmoves will be seen in next week. My view is not bearish and expecting sustaining above 4835 and recovery either today or in next week. It is being felt that global markets are over reacting and will normalise in next week as well as upmoves will also be seen.
NIFTY.....
NIFTY exactly playing the way I said in the morning...close to 4866 and close below 4866 will lead to much lows in the coming days.......
Wednesday, February 17, 2010
nifty.....
if nifty breaches 4881 then can expect 4866-4850 , so trade as the stop loss given earlier in the day
and if does not breach 4881 and retraces back to 4910 levels then can expect 4925-4938 on upside
and if does not breach 4881 and retraces back to 4910 levels then can expect 4925-4938 on upside
buy
buy zee above 265 sl 260 t 272
dlf above 308 sl 302 t 315
bgrenergy sl 502 t 525
munjalauto sl 107.2 t 115
dlf above 308 sl 302 t 315
bgrenergy sl 502 t 525
munjalauto sl 107.2 t 115
PRE-OPEN
Nifty will remain volatile between 4881-4920
Marekt will behave in the same yesterday fashion same will happen today and Indian markets will finally dip and close in Red after trading within 481-4920.
Selling formation yesterday with good volumes and expected that Nifty will move moving below 4890 and will test 4850 in the coming sessions.
I always send Pre-Open Market Outlook but not possible to send Mid-session outlooks and Post-closing report(with Future outlook). But any one can view by visiting my blog www.mrktmood.blog.com any time to get benefit of my postings during and after trading hours.
Marekt will behave in the same yesterday fashion same will happen today and Indian markets will finally dip and close in Red after trading within 481-4920.
Selling formation yesterday with good volumes and expected that Nifty will move moving below 4890 and will test 4850 in the coming sessions.
I always send Pre-Open Market Outlook but not possible to send Mid-session outlooks and Post-closing report(with Future outlook). But any one can view by visiting my blog www.mrktmood.blog.com any time to get benefit of my postings during and after trading hours.
POST MRKT budget
Everybody could easily Annalise that market today would close in Green, because all the cues available in the morning were positive & nifty closed above 4900 levels @ 4914 that is the positive indication for tomorrow.
If you had gone through my morning post you will find almost all the individual stocks given in the morning did well and all closed in green and positive territory (tatastl, hindalco, ril, tatamotors, suzlon,)that was simply 100% true predication and will continue to pursue the same for our valuable clients.
Now nifty have to close above new highs i.e, 4930 / 4952 / 4981 for the continuation of the uptrend. But however it appears that profit booking is coming at regular interval , so a very cautious approach have to be adopted as UNION BUDGET is near and market are expected to be highly volatile with wild swings both ways. So trade very light and trade only with the stop loss and avoid low volume stocks for now.
If nifty does not sustain 4920 for rest of the week then gives closing below 4900 then chances are there that it may touch 4650 within this month itself( in circumstances of unfavorable budget)
Lastly be stock specific ......
If you had gone through my morning post you will find almost all the individual stocks given in the morning did well and all closed in green and positive territory (tatastl, hindalco, ril, tatamotors, suzlon,)that was simply 100% true predication and will continue to pursue the same for our valuable clients.
Now nifty have to close above new highs i.e, 4930 / 4952 / 4981 for the continuation of the uptrend. But however it appears that profit booking is coming at regular interval , so a very cautious approach have to be adopted as UNION BUDGET is near and market are expected to be highly volatile with wild swings both ways. So trade very light and trade only with the stop loss and avoid low volume stocks for now.
If nifty does not sustain 4920 for rest of the week then gives closing below 4900 then chances are there that it may touch 4650 within this month itself( in circumstances of unfavorable budget)
Lastly be stock specific ......
Tuesday, February 16, 2010
Short term is up now after saving of long term trend at 200-day EMA. Next resistance range is 4920-4950 and intermediate term trend will be up above 4951. It is expected that 4951 will be crossed finally after some consolidation between 4920-4950 in the coming sessions.
Sentiment heated therefore Green closing after some voltality expected today
Sentiment heated therefore Green closing after some voltality expected today
just watch out
just loot at jain irrigation and sbi,,
jain on fire.....................and sbi soon will........
jain on fire.....................and sbi soon will........
Monday, February 15, 2010
TENSION
The moment you are in TENSION
you will lose your ATTENTION
and you'll feel IRRITATION
This may spoil your personal RELATIONS
ultimately; you won't get CO-OPERATION
and get things into COMPLICATION
Then you may raise CAUTION.
And you have to take MEDICATION
Why not try understanding the SITUATION
And try to think about the SOLUTION
Many problems will be solved by DISCUSSION
Which will work out better in your PROFESSION
Don't think this is a free SUGGESTION
It is only for your PREVENTION
If you understand my INTENTION
You'll never come again into TENSION!!!!! !!!!!!!!!
you will lose your ATTENTION
and you'll feel IRRITATION
This may spoil your personal RELATIONS
ultimately; you won't get CO-OPERATION
and get things into COMPLICATION
Then you may raise CAUTION.
And you have to take MEDICATION
Why not try understanding the SITUATION
And try to think about the SOLUTION
Many problems will be solved by DISCUSSION
Which will work out better in your PROFESSION
Don't think this is a free SUGGESTION
It is only for your PREVENTION
If you understand my INTENTION
You'll never come again into TENSION!!!!! !!!!!!!!!
Sunday, February 14, 2010
Trends
SGX -36 NIKI-40 CRD$74.23
NIFTY 4850-4881 ON UPS & 4700-4781-4750 ON DOWNS
BUY
AIRTEL
HOEC SL 263
SGOA SL 375
JAIPRA SL 130
ACL SL 99
FINTECH SL1395
NIFTY 4850-4881 ON UPS & 4700-4781-4750 ON DOWNS
BUY
AIRTEL
HOEC SL 263
SGOA SL 375
JAIPRA SL 130
ACL SL 99
FINTECH SL1395
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UNIT LIKED PLAN
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PREMIUM PAYING TERMS 3 YEARS OR SINGLE PREMIUM
HIGHEST NAV OF 1st 7 YRS TO BE CONSIDERED FOR MATURITY
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THIS POLICY IS A CLOSE ENDED PLAN , MEANS ONLY FOR A LIMITED PERIOD.
GOOD LIFE COVER, LEAST ALLOCATION CHARGES COMPARED TO OTHER COMPANIES.
EXPERTS SAYS THAT ITS THE BEST PLAN ANY INUSRANCE COMPANY HAD EVER LAUNCHED.
FOR FURTHER INFORMATION , CAN CALL ME
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(S.B.SECURITIES)
Cell : 9898489977 / 8000889977
Office : 0265-2230014
Thursday, February 11, 2010
Wednesday, February 10, 2010
Titagarh
I told in the morning Titagarh as recommeneded for buying in the morning @ 410 is all on fire......444 and still rock solid.
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single premium Rs 40000/-
pre- opening
Wave-3(bullish) is still on even after on going deeper correction. Following levels are key supports of wave-3 and Nifty is testing it:-
1- 4693- Top of wave-1 and Nifty should not move below it in corrections.
2- 4672- 200-day DMA- markets are used to test it in corrections
3- 4766- Nifty consolidated on Nov 6 above it and wave 3 corrections trend line is passing from this point as well as Nifty got support here on 29th jan 2010
Nifty is falling in channel and its upward break out will give first upward confirmation and sustaining above 4951 will mean strong up moves.
IIP numbers will be declared today and I don't know how these will be? Whatsoever may be IIP numbers but as per my view Indian markets will move after that. Asian markets are positive today and SGX Nifty is trading with good gains today AND Indian market will close in Green after positive opening and whole day Green trading. I am telling it not only today after watching Asian markets and SGX Hifty but I told these lines in Future outlook of yesteraday Post closing report also:-"my view is bullish for Indian markets and expecting that Indian markets will cross 4830 in the coming sessions and rally will remain continued"
1- 4693- Top of wave-1 and Nifty should not move below it in corrections.
2- 4672- 200-day DMA- markets are used to test it in corrections
3- 4766- Nifty consolidated on Nov 6 above it and wave 3 corrections trend line is passing from this point as well as Nifty got support here on 29th jan 2010
Nifty is falling in channel and its upward break out will give first upward confirmation and sustaining above 4951 will mean strong up moves.
IIP numbers will be declared today and I don't know how these will be? Whatsoever may be IIP numbers but as per my view Indian markets will move after that. Asian markets are positive today and SGX Nifty is trading with good gains today AND Indian market will close in Green after positive opening and whole day Green trading. I am telling it not only today after watching Asian markets and SGX Hifty but I told these lines in Future outlook of yesteraday Post closing report also:-"my view is bullish for Indian markets and expecting that Indian markets will cross 4830 in the coming sessions and rally will remain continued"
Tuesday, February 9, 2010
This correction of march 2009 rally was at stake and now fresh upmove has been started after almost testing 200-day DMA and saving 4766. As very good selling at higher levels therefore consolidation requires for every rise and at each level. upmove is intact and Intermediate term trend will be up above 4951. As rally started after consolidating near 4766 therefore new high expectations are alive
Once again buy IOC, cabinet to discuss of Parekh recommendation and may rise the price of petrol & diseal today
Once again buy IOC, cabinet to discuss of Parekh recommendation and may rise the price of petrol & diseal today
Markets @ Noon
Market opened absolutely flat at 4793 and made high of 4826 , there after it had been zigzag almost snake & ladder pattern.
Since last 15 days market have been trading in a range of 4665-4830 , breakbelow or breakabove any of the level will decide the next trend.
One thing should be observed that when market falls, it falls in volume and when rises, volume is very low, so it means there still persists weakness in the market, so one can adopt sell on highs (4900-4950) levels and buy at lows (4735-4685)levels
till noon advances have outnumbered declines.
Since last 15 days market have been trading in a range of 4665-4830 , breakbelow or breakabove any of the level will decide the next trend.
One thing should be observed that when market falls, it falls in volume and when rises, volume is very low, so it means there still persists weakness in the market, so one can adopt sell on highs (4900-4950) levels and buy at lows (4735-4685)levels
till noon advances have outnumbered declines.
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