BANKING INTRADAY: SBI ICICIBANK CORPORATION BANK OBC
POSITIONAL : UCO VIJAY DENA CORPORATION OBC
BUY WITH THE NIFTY SL OF 5220
Thursday, April 29, 2010
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.
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.
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