NIFTY TODAY: EPISODE 191

                                NIFTY TREND FOR 31-12-2012

MAJOR RESISTANCE LEVELS: 5921-5936-5959

MAJOR SUPPORT LEVELS      : 5889-5866-5852

MIDDLE TERM TARGET         : 5760-5790

Advanced new year wishes to all......

Nifty closed in green on Friday. But, Indian markets were less active last day.

Nifty ( closing ): 5908.35

Though Nifty could gain last day, it still stands at bearish zone. So, long positions are not recommended for intraday traders today.

Nifty closed below Upper Bollinger Band level ( 5939 ) and above Middle Bollinger Band level ( 5890 ).  Lower Middle Band level stands at 5840. MACD indicates a bearish market, while, RSI depicts a neutral trend. Moving Averages shows a bullish trend on both long and middle term basis.

Global markets showed a mixed trend last trading session. US and European markets closed in red, when Asian markets showed a hike in their stocks. Crude prices decreased moderately.

India VIX closed at 13.63

GOOD LUCK....................... 

               

NIFTY TODAY: EPISODE 190

                               NIFTY TREND FOR 28-12-2012

MAJOR RESISTANCE LEVELS: 5912-5954-5980

MAJOR SUPPORT LEVELS      : 5850-5824-5783

MIDDLE TERM TARGET          : 5760-5790

Nifty showed a fall and it got good support at 5875 range as we predicted yesterday ( Ref: NIFTY TODAY: EPISODE 189 ). It closed with loss of 36 points on Thursday. Bank stocks showed a bearish trend last trading session.

Nifty ( closing ): 5870.10

Nifty closed at a bearish zone yesterday. Long ( buying ) positions are not advisable for intraday traders today. Nifty can get good support at 5824-5828 range. 

Nifty closed below the Middle Bollinger Band level on Thursday. Upper Bollinger Band passes through 5940 and Lower Bollinger Band through 5828. MACD implies a bearish trend. But, RSI chart shows a neutral trend. 

Crude price remained same when Rupees depreciated against dollar. India VIX closed at 13.74 with 2.55% loss.

GOOD LUCK....................

NIFTY TODAY: EPISODE 189

                                  NIFTY TREND FOR 27-12-2012

MAJOR RESISTANCE LEVELS: 5926-5950-5986

MAJOR SUPPORT LEVELS      : 5875-5838-5816

MIDDLE TERM TARGET          : 5760-5790

Indian markets showed a remarkable hike last trading session. Nifty increased 0.85% ( 50 points ) yesterday. After a steady steady opening, Nifty showed a steep increase by 11 AM. 

Nifty ( closing ) : 5905.60

Though Nifty drew a bullish market yesterday, a bearish market can be expected today. So, long positions should be taken very carefully.

Upper Bollinger Band stands at 5972, Middle Bollinger Band at 5875 and Lowe Bollinger Band at 5780. The first resistance level of Nifty also lies at 5876 with Middle Bollinger Band level. So, it will be a crucial support level today. MACD line stands below signal line as it shows a bearish trend. RSI indicates neutral trend.

US and European markets showed a fall last day. But, Asian markets closed in green. NIKKIE marked 9-month high, when Yen touched 20-month low rate. Global markets are eagerly waiting for   US budget talk.

India VIX closed at 14.10 with 2.64% increase.

GOOD LUCK...............................

NIFTY TODAY: EPISODE 188

                                     NIFTY TREND FOR 26-12-2012

MAJOR RESISTANCE LEVELS: 5869-5884-5896

MAJOR SUPPORT LEVELS      : 5848-5832-5819

MIDDLE TERM TARGET          : 5760-5790

Indian markets closed in green on Monday. It was a neutral market last trading session. Nifty gained 8 points.

Nifty ( closing ) : 5855.75

Nifty closed at a neutral status last day. But, it is bearish now. Long ( buying ) positions are not advisable for intraday traders today.

Nifty closed just below the Middle Bollinger Band level ( 5860 ) Lower Bollinger Band stands at 5724. MACD still indicates bearish trend and RSI reveals neutral trend.

Global markets showed mixed trend. US and European markets were down on Monday except FTSE. But, Asian markets indicated a bullish trend. Crude price closed steadly.

India VIX closed at 14.49.

GOOD LUCK.........................

NIFTY TODAY: EPISODE 187

                                   NIFTY TREND FOR 24-12-2012

MAJOR RESISTANCE LEVELS: 5874-5904-5920

MAJOR SUPPORT LEVELS      : 5833-5813-5786

MIDDLE TERM TARGET          : 5760-5790

Indian markets were bearish on Friday. Nifty lost 69 points ( 1.16% ). Only two stocks, ITC and TCS, closed in green in NSE last trading session. We have predicted a possibility of a heavy fall in Indian markets these days ( Ref: NIFTY TODAY: EPISODE 186 ).

Nifty ( closing ) : 5847.70

Nifty closed in a bearish zone. So, long ( buying ) positions may be at risk for intraday traders on Monday.

Nifty closed below the Middle Bollinger Band level ( 5852 ). It indicates a very weak trend. MACD also shows a bearish trend. But, RSI reveals a neutral status.

All the global indices were down on Friday. Rupees got neither loss nor gain against dollar. Brent crude prices decreased.

India VIX closed at 14.63 points with the gain of 0.31 point.

GOOD LUCK.........................

NIFTY TODAY: EPISODE 186

                                              NIFTY TREND FOR 21-12-2012

MAJOR RESISTANCE LEVELS: 5941-5968-5998

MAJOR SUPPORT LEVELS      : 5890-5856-5830

MIDDLE TERM TARGET           : 5760-5790

Indian markets were bearish yesterday. Though Nifty closed in red on Thursday, Steel companies could gain. 

Nifty ( closing ) : 5916.40

Nifty may bearish today. There is a chance for a big fall in Indian indices these days. So, long positions cannot be recommended. 

Global markets showed a mixed response last trading session. MACD indicates bearish market. But, RSI gives a neutral signal. Crude prices showed a slight fall. Rupees depreciated against dollars.

Gujarat election may give more power to opposition. It may cause weakness for central government. If it happened so, Indian markets would be in a trouble.

India VIX closed at 14.32 with 0.15 point decrease.

GOOD LUCK.........................

 

NIFTY TODAY: EPISODE 185

                                            NIFTY TREND FOR 20-12-2012

MAJOR RESISTANCE LEVELS: 5941-5954-5969

MAJOR SUPPORT LEVELS      : 5919-5900-5889

MIDDLE TERM TARGET          : 5760-5790

Indian markets were bullish on Wednesday with the world markets. Nifty gained 33 points.

Nifty ( closing ) : 5929.60

Nifty closed at neutral level last day. It may move upward or downward today. But, there will be more chance for a bearish market.

MACD line and Signal line intersected and both are at the same level. RSI just slipped from 'overbought' status. Middle Bollinger Band stands at 5820.

Global markets were closed in green except US markets. Brent crude prices increased. Rupees got strength against dollars.

GOOD LUCK................

NIFTY TODAY: EPISODE 184

                                      NIFTY TREND FOR 19-12-2012

MAJOR RESISTANCE LEVELS: 5923-5957-6008

MAJOR SUPPORT LEVELS     : 5848-5793-5763

MIDDLE TERM TARGET         : 5760-5790

Nifty increased 0.66% on Tuesday. Though we have predicted a bearish market, we gave INTRADAY TIP to buy Nifty Futures and it achieved our third target ( profit: 85 points ) yesterday. 

Nifty ( closing ): 5896.80

Nifty is still bearish. Long ( buying ) positions should be taken very carefully today.

MACD shows bearish trend after a long interval. RSI still indicates 'overbought' status which predicts a bearish market. But, Bollinger Middle Band increased to the level, 5810.

World markets were bullish last session of the trade except Straits Times and Hang Seng which were down by 0.06% and 0.08% respectively. Rupees closed steadily. Brent Crude price increased.

India VIX closed at 14.44 with 3.22% decrease.

GOOD LUCK.................

INTRADAY TIP

BUY NIFTY FUTURES @ 5855

TARGETS: 5881-5912-5940

STOP LOSS : 5824

GOOD LUCK.............

NIFTY TODAY: EPISODE 183

                                    NIFTY TREND FOR 18-12-2012

MAJOR RESISTANCE LEVELS: 5875-5899-5914

MAJOR SUPPORT LEVELS      : 5848-5831-5810

MIDDLE TERM TARGET          : 5760-5790

Nifty lost 22 points on Monday. It was a bearish market as we predicted yesterday ( Ref: NIFTY TODAY: EPISODE 182 ).

Nifty ( closing ): 5857.90

Nifty closed at neutral status on yesterday. But, it may show bearish trend today. Sometimes, it may touch our Middle Term Targets these days ( not impossible today itself ).

MACD shows neutral trend and RSI indicates bearish trend. Nifty stands very close to Middle Bollinger Band level ( 5788 ). 

US markets closed in green, when European markets closed steadily. Asian markets showed weak trend last trading session. Rupees depreciated against dollar. Crude rates decreased by 0.27%. 

India VIX increased 4.85% and closed at 14.92.

GOOD LUCK......................

INTRADAY TIP

SELL NIFTY FUTURES AT 5902

TARGETS  : 5878-5849-5817

STOP LOSS : 5933

GOOD LUCK......................

NIFTY TODAY: EPISODE 182

                                 NIFTY TREND FOR 17-12-2012

MAJOR RESISTANCE LEVELS: 5893-5914-5943

MAJOR SUPPORT LEVELS      : 5855-5823-5805

MIDDLE TERM TARGET          : 5760-5790

Nifty closed with increase 28 points on Friday. Market showed a moderate bullish trend on its last session. We had predicted that Nifty may move at any direction ( upward or downward ), though it is bearish ( Ref: NIFTY TODAY: EPISODE 181 ).

Nifty ( closing ): 5879.60

Nifty got a correction on Friday, though it was a small one. It is strong bearish now. Long ( buying ) positions are not safe for the intraday traders on Monday.

MACD line striked on signal line. Thus, MACD lost its bullish trend. Next, RSI stands still at 'overbought' region ( bearish indication ).

Global markets showed a mixed trend at closing on Friday. India VIX closed at 14.23 with 3.26% hike.

GOOD LUCK.......................

NIFTY TODAY: EPISODE 181

                                           NIFTY TREND FOR 14-12-2012

MAJOR RESISTANCE LEVELS: 5889-5932-5958

MAJOR SUPPORT LEVELS      : 5831-5803-5762

MIDDLE TERM TARGET          : 5760-5790

Nifty showed a clear bearish trend on Thursday just as we predicted. Nifty lost 37 points and closed at 5851.50. Auto stocks showed a remarkable fall on Thursday.

Nifty ( closing ): 5851.50

Nifty is still bearish. But, long ( buying ) and short ( selling ) positions should be taken carefully as Indian markets may move at any direction today. Nevertheless, there is a little more probability goes towards a bearish market.

MACD shows positive trend. But, signal line is reached very closely. RSI indicates 'overbought' status and it reveals a bearish trend.

Global markets showed a negative closing yesterday except NIKKIE which increased 1.66%.

India VIX increased 0.20% and closed at 14.71.

GOOD LUCK.....................

NIFTY TODAY: EPISODE 180

                                          NIFTY TREND FOR 13-12-2012

MAJOR RESISTANCE LEVELS: 5915-5947-5969

MAJOR SUPPORT LEVELS      : 5871-5846-5817

MIDDLE TERM TARGET          : 5760-5790

Nifty closed in red on Wednesday just as we predicted ( Ref: NIFTY TODAY: EPISODE 178 ). Indian markets restricted in a small range of movements ( 51 points ) last trading session. Motor sector showed a positive trend yesterday. M & M, BAJAJAUTO and HEROMOTOCO were the top Nifty gainers yesterday. 

Nifty ( closing ): 5888

Nifty is still bearish and short ( selling ) positions may be advised for intraday traders today.

Though MACD depicts bullish trend, it's strength has been narrowed after trading session on Wednesday. In addition, RSI indicates 'overbought' status. Next, Middle Bollinger Band touched on our middle term target level ( 5765 ).

All the global markets closed in green in the closing except Indian markets. World markets are waiting for US's fiscal policy. European markets performed well based on good data from Germany.

India VIX closed at 14.51 with 0.14% decrease.

GOOD LUCK..................

NIFTY TODAY: EPISODE 179

                                          NIFTY TREND FOR 12-12-12

MAJOR RESISTANCE LEVELS: 5953-6010-6056

MAJOR SUPPORT LEVELS       : 5858-5810-5755

MIDDLE TERM TARGET           : 5760-5790

Nifty closed just below the 5900 mark with slight loss of 10 points on Monday. It showed a hike in the morning and then, it started to decrease continuously till the evening. We have predicted a bearish market yesterday ( Ref: NIFTY TODAY: EPISODE 178). Our INTRADAY TIP achieved it's second target yesterday with 54 points/lot.

Nifty ( closing ): 5898.80

Nifty may have a positive opening and it may show a neutral or bearish closing. So, long (buying)positions are not recommended at all. 

Federal Reserve meeting has begun for declaring it's policy. The meeting is arranged for 2 days. All the global markets are waiting eagerly for the upcoming policy. In this context, most of the world markets closed in green including US markets.

Crude prices increased by around 1%. Dollar marked a slight fall against Rupees. Gold price a;so showed a slight fall.

INDIA VIX closed at 14.67 with 0.16% increase.

GOOD LUCK.......................

INTRADAY TIP

SELL NIFTY FUTURES NOW @ CMP 5989.

TARGETS: 5963-5935-5905

STOP LOSS : 6020

GOOD LUCK..............

NIFTY TODAY: EPISODE 178

NIFTY TREND FOR 11-12-2012

MAJOR RESISTANCE LEVELS: 5921-5938-5956

MAJOR SUPPORT LEVELS      : 5895-5874-5860

MIDDLE TERM TARGET           : 5760-5790

Nifty closed steadily at 5909 with 1.50 points gain. Bank stocks were the gainers of the last trading session.

Nifty is bearish. Long positions should be taken carefully today. 

MACD shows positive trend. But, RSI indicates 'overbought' status ( bearish signal). Global markets closed with a mixed mood with mild differences.

GOOD LUCK.....................

NIFTY TODAY: EPISODE 177

NIFTY TREND FOR 10-12-2012

MAJOR RESISTANCE LEVELS: 5939-5977-6003

MAJOR SUPPORT LEVELS      : 5882-5853-5818

MIDDLE TERM TARGET           : 5760-5790

Nifty closed at bearish zone on Friday. Long ( buying) positions should be taken very carefully and short positions may be favorable for the day.

Nifty ( closing) : 5907.40

 Nifty lost 24 points on Friday. DLF was the top loser in NSE.

 Nifty may move towards Middle Bollinger Band level, 5725 on long term basis. RSI indicates 'overbought' status and bearish trend. But, still MACD shows positive trends.

GOOD LUCK...................

NIFTY TODAY: EPISODE 176

NIFTY TREND FOR 07-12-2012

MAJOR RESISTANCE LEVELS: 5969-6010-6075

MAJOR SUPPORT LEVELS      : 5866-5799-5759

Nifty moved yesterday just as we predicted. 5944 was the crucial level of the day (Ref: NIFTY TODAY: EPISODE 175). 

 

In Daily Nifty Chart, a doji is formed yesterday. Again, Nifty reached in a neutral status by closing level of the last market. We can expect a neutral closing on Friday.

 Upper Bollinger Band stands at 5959 level. Next, RSI shows obvious ' oversold' status. Nevertheless, MACD reveals strong bullish market. 

Global markets closed in green last day. Besides, BSP leader, Kumari Mayawati decided to support UPA government in 'retail FDI vote'. These factors can influence Indian markets positively.

GOOD LUCK...................... 

INTRADAY TIP

BUY NIFTY FUTURES @ 5908

TARGETS: 5933-5961-5992

STOP LOSS: 5877

GOOD LUCK...........

NIFTY TODAY: EPISODE 175

NIFTY TREND FOR 06-12-2012

MAJOR RESISTANCE LEVELS: 5915-5932-5944

MAJOR SUPPORT LEVELS      : 5890-5875-5960

Nifty showed an exact neutral trend as we predicted yesterday. It got good resistance at our second resistance level ( Ref: NIFTY TODAY: EPISODE 174). 

5944 level will be crucial for Nifty today. It comes third resistance level as well as the peak level of Nifty in the first half of 2011 ( April 6, 2011). Nifty may get strong resistance at this level.

MACD indicates strong bullish trend when RSI shows 'oversold' status. All the global markets were in green except Nasdaq ( -0.77%). Apart from that, US Exim bank allowed credit for $2.1 billion to the Reliance Industries. This is able to make positive impact on Indian markets.

INTRADAY TIP

BUY NIFTY FUTURES @ 5934 NOW.

TARGETS: 5957-5981-6028

STOP LOSS: 5934

GOOD LUCK...........

NIFTY TODAY: EPISODE 174

NIFTY TREND FOR 05-12-2012

MAJOR RESISTANCE LEVELS: 5903-5919-5941

MAJOR SUPPORT LEVELS      :  5868-5844-5829

NIFTY ( Closing): 5889.25

Nifty closed just as we predicted yesterday. Positions ( long & short) should be taken carefully today as Indian markets can move any side. Nifty is at a neutral status now.

MACD indicates strong bullish trend. But, RSI shows 'oversold' status obviously. Upper Bollinger Band stands just above yesterday's high level ( 5898). HSBC's prediction regarding growth rate of India may impact in Indian markets. They forecast that India to retain it's growth rate until 2020 by unilateral trading relationship with China.

GOOD LUCK................... 

INTRADAY TIP

BUY NIFTY FUTURES @ 5915

TARGETS: 5938-5965-5997

STOP LOSS: 5980-5982

GOOD LUCK..........

NIFTY TODAY: EPISODE 173

NIFTY TREND FOR 04-12-2012

MAJOR RESISTANCE LEVELS: 5895-5921-5941

MAJOR SUPPORT LEVELS      : 5851-5830-5804

Nifty (closing): 5870.95

Indian markets are bullish on middle term basis. We can expect a bullish or neutral market on Tuesday.

Nifty closed just above the Upper Bollinger Band level (5868) at 5871. MACD signals show a bullish market. In addition, RSI is just reached at 'oversold' region which indicates a bearish sign. Moreover, the government's decision to make 15000 Cr fund infusion for 'Public Sector Banks' will make a positive mood in Indian markets.

World markets showed a mixed performance. US markets were down slightly, while, European markets closed slightly bullish. NIKKIE reached seven month's high at closing.

GOOD LUCK.......................

INTRADAY TIP

BUY NIFTY FUTURES NOW @ 5753

TARGETS  : 5783-5808-5835

STOP LOSS : 5722

GOOD LUCK

NIFTY TODAY : EPISODE 172

NIFTY TREND FOR 12-09-2012

MAJOR RESISTANCE LEVELS : 5413-5436-5477

MAJOR SUPPORT LEVELS       : 5350-5307-5286

MACD  turned into bullish trend from bearish as we expected yesterday. RSI still remains neutral. Nifty could break Middle Bollinger Band and it aims Upper Bollinger Band, 5450 levels. Anyway, there is chance for  closing in red today.

Nifty  (  11-09-2012  )  :  5390

GOOD LUCK....................

NIFTY TODAY : EPISODE 171

NIFTY TREND FOR 11-09-2012


MAJOR RESISTANCE LEVELS : 5376-5391-5405
MAJOR SUPPORT LEVELS       : 5348-5332-5319


Nifty closed at an exact neutral level. Though MACD still shows negative trend, it became weaker than yesterday. RSI indicates neutral trend. Nifty broke Middle Bollinger Band and it may bullish ( at least tomorrow ).

Nifty ( Closing ) : 5363.45

Indian markets closed on a flat note as the same trend seen in most of Asian and European markets. India VIX index closed at 15.27 with .51 points increase.

NIFTY TODAY : EPISODE 170

NIFTY TREND FOR 11-09-2012

Major Resistance Levels : 5383-5405-5443

Major Support Levels          : 5322-5283-5262

Nifty closed at Middle Bollinger Band ( 5358.70 ). MACD shows bearish and RSI indicates neutral trend. 

Indian markets are slightly bearish. But, the decision can be taken only after opening it.

PERSONAL MATTER

I COULDN'T WRITE MY BLOG LAST DAYS AS I WAS TRAVELLING TO CANADA. I WILL  START IT SOON FROM HERE.

THANK U..........................

INTRADAY TIP

BUY NIFTY FUTURES ABOVE 5412.

TARGETS : 5439-5470-5498.

STOP LOSS ; 5382

NIFTY TODAY : EPISODE 169

NIFTY TREND FOR 24-08-2012


Major Resistance Levels : 5446-5477-5504
Major Support Levels : 5388-5360-5330


MACD reveals that a bullish trend may see tomorrow. But, RSI is at over bought region which means a bearish trend.
Most probably, Nifty may close in green tomorrow. If Nifty falls tomorrow, it may get good support at 5388.


Nifty ( Closing ) : 5415.35


Nifty closed on a flat note today. Though Nifty couldn't close in negative zone today ( just like we predicted yesterday), it could make an increase of 2.50 points only. IT stocks could perform well.


Worries regarding CAG report on coal block allocation echoed in the parliament for the third day today. It affected Indian markets too.


India VIX closed at 16.32 with 0.75% increase.


GOOD LUCK

NIFTY TODAY : EPISODE 168

NIFTY TREND FOR 23-08-2012


Major Resistance Levels : 5435-5456-5476
Major Support Levels : 5394-5372-5353


RSI stands still at over bought region, while, MACD shows bullish trend. Most probably, Nifty may close in red tomorrow and it may touch 5372.


Nifty ( Closing ) : 5412.85


European markets closed with 1-1.5% loss today due to the worries regarding the meeting between Greek Prime Minister and Eurogroup head today. It prevented Indian markets too from further gaining.


Volatility was down today. India VIX closed at 16 with 1.84% loss.


GOOD LUCK........

NIFTY TODAY : EPISODE 167

NIFTY TREND FOR 22-08-2012


Major Resistance Levels : 5444-5465-5503
Major Support Levels : 5382-5344-5324


MACD depicts that Nifty is on bullish. But, RSI stands at over bought region. Since, the later shows a bearish signal.


Nifty ( Closing ) : 5421


As we predicted yesterday, Nifty could close in green with the gain of 55 points today. IT stocks showed some energy today. It happened due to the expectations from Europe and US.


Moreover, improvement of monsoon and beginning steps from the government for a good financial status helped the market to keep it strong.


Volatility was high and India Vix closed at 16.30


GOOD LUCK.......

NIFTY TODAY : EPISODE 167

NIFTY TREND FOR 22-08-2012


Major Resistance Levels : 5444-5465-5503
Major Support Levels : 5382-5344-5324


MACD depicts that Nifty is on bullish. But, RSI stands at over bought region. Since, the later shows a bearish signal.


Nifty ( Closing ) : 5421


As we predicted yesterday, Nifty could close in green with the gain of 55 points today. IT stocks showed some energy today. It happened due to the expectations from Europe and US.


Moreover, improvement of monsoon and beginning steps from the government for a good financial status helped the market to keep it strong.


Volatility was high and India Vix closed at 16.30


GOOD LUCK.......

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5392.
TARGETS : 5366-5335-5302
STOP LOSS : 5422

NIFTY TODAY : EPISODE 166

NIFTY TREND FOR 21-08-2012


Major Resistance Levels : 5399-5432-5460
Major Support Levels : 5335-5306-5275


Nifty closed at neutral zone on Friday. MACD shows bullish signal and RSI indicates neutral one. Most probably, Nifty may close in green tomorrow.


Nifty ( Closing ) : 5366.30


Nifty were strong bullish till noon on Friday. But, coalgate prevented Indian markets from further gaining.


But, Finance Minister, P. Chidambaram, directed banks for making loans with low interest rate and easy procedures. He thinks that it can increase the buying power of the consumers and thus, factory production can be increased. This suggestion reveals the policy of the Finance Ministry and can be taken as the basic steps just before the strong and significant steps.


GOOD LUCK..........

NIFTY TODAY : EPISODE 165

NIFTY TREND FOR 17-08-2012


Major Resistance Levels : 5386-5410-5423
Major Support Levels : 5347-5331-5310


MACD indicates bullish market, while, RSI shows in an over bought region ( weak trend ). If nifty breaks our first resistance ( 5386 ) easily, it may get strong bullish support. If it happens, Nifty can reach up to either third resistance level ( 5423 ) or Bollinger Upper Band level ( 5455 ).


Nifty ( Closing ) : 5362.95


Indian markets couldn't gain the third consecutive trade today. Increasing crude oil prices prevented from further gain today. Besides, weak monsoon also made market weak today.


Indian markets need some significant trading policies and their implementations urgently. The lack of them restrict Indian markets within some small ranges.


GOOD LUCK........

NIFTY TODAY : EPISODE 164

HΛPP¥ !NDΣPΣNDΣN€ DΛ¥ TΘ ΛLL........


NIFTY TREND FOR 16-08-2012


Major Resistance Levels : 5406-5429-5466
Major Support Levels : 5340-5301-5279
Short / Middle Term Target : 5200-5225


Nifty couldn't touch Bollinger upper band today too. It is needed urgently for a strong bullish market. MACD produces bullish trend, when RSI stands at over bought status. Anyway, Nifty has to suffer very much at 5429-5441 level as it will be act as clear resistance level.


Nifty ( Closing ) : 5380.35


Inflation figures for the month July helped Indian markets positively. Inflation reported at 6.87% this time Vs. previous 7.25%. Most of the traders and analysts expected a hike in inflation due to lack of monsoon and its consequences. Surprisingly, inflation rate could project a decline.


The significant matter which to be considered that inflation decline happened without any remarkable actions from government and Reserve Bank of India. It could withstand lack of monsoon as well as negative IIP. It reveals the strength of Indian economy.


In this context, we should imagine regarding the growth of Indian economy when good steps implemented by RBI and central government. Hopefully, it will happen in the near future.


Jai Hind............

NIFTY TODAY : EPISODE 163

NIFTY TREND FOR 14-08-2012


Major Resistance Levels : 5368-5385-5413
Major Support Levels : 5316-5286-5270
Short / Middle Term Target : 5200-5225


Nifty closed below Bollinger Upper Band level ( 5416 ) today. MACD depicts bullish trend for Nifty. On the other hand, RSI reveals that market is at over bought status. So, long positions will be risky. Anyway, Indian markets are waiting for Inflation figures which to be declared tomorrow.


Nifty ( Closing ) : 5347.90


Nifty was inactive and flat trading has seen most of the trading hours. But, it showed a leap in the last hour of trade. All the sectoral indices were up at the time of trading hours. But, auto stocks showed weak trend today.TATAMOTORS & HEROMOTOCO included in the list of NSE top gainers.


Indian markets are eagerly waiting for latest monthly inflation figures. The previous inflation was at 7.25%. It may affect in further development of Indian markets.


GOOD LUCK..........

NIFTY TODAY : EPISODE 162

NIFTY TREND FOR 13-08-2012


Major Resistance Levels : 5341-5357-5379
Major Support Levels : 5295-5271-5256
Short / Middle Term Target : 5200-5225


Nifty closed at a neutral zone on Friday. Anyway, market is slightly bearish and it moves slowly towards 5200-5225 on short-middle term basis. MACD depicts bullish market, while, RSI indicates neutral one.


Nifty ( Closing ) : 5320.40


India's weak IIP data prevented the markets from gaining. Poor Chinese trade data could raise depression in all the markets of the Asian continent.


Moreover, inflation, lack of monsoon & lack of policy making and implementation from government side can make ill effect on Indian markets. So, government and RBI should be more vigilant in this special context.


Follow me on twitter : http://twitter.com/Tinkuvaraparamb


GOOD LUCK.......

NIFTY TODAY : EPISODE 161

NIFTY TREND FOR 10-08-2012


Major Resistance Levels : 5361-5396-5419
Major Support Levels : 5295-5270-5236
Short / Middle Term Target : 5200-5225


MACD signal indicates bullish trend for Nifty. But, RSI depicts a neutral market. Anyway, it is needed to close above Bollinger Upper Band level ( 5384 ) for a strong bullish market. If it happens, Bollinger Upper Band will raise continuously. If Nifty loses its strength here, it may move towards Bollinger Middle Band Level ( 5221 ) on short term basis. Most probably the later may happen on short / middle term basis. Anyway, Nifty may face good resistance at 5361 tomorrow.


Nifty ( Closing ) : 5322.95


After the beginning hour of trade, Nifty moved downwards steadily today. Lower IIP data and bad financial results of big corporate companies made Indian markets depressed.


IIP for the June figured at -1.80%. It was lower than previous month. Indian markets are worried while thinking of the upcoming IIP data. It may be more weaker than the present due to insufficient monsoon.


Next, RANBAXY & TATAMOTORS couldn't declare a good financial results. BHARTI AIRTEL revealed another bad financial performance yesterday. Since, BHARTI AIRTEL was the top loser of the NSE with 6.25% loss today too. These companies undesirable financial reports may prevent traders from holding and buying positions in the market.


GOOD LUCK.......

NIFTY TODAY : EPISODE 160

NIFTY TREND FOR 09-08-2012


Major Resistance Levels : 5372-5402-5421
Major Support Levels : 5315-5294-5265


Nifty has just cut Bollinger Upper Band level, 5369 today. There are two possibilities now. One is to break Bollinger Upper Band level continuously and make it upward. Otherwise, it may turn towards Bollinger Middle Band level ( 5216 ). MACD still depicts a bullish market, while, RSI indicates neutral market.


Nifty ( Closing ) : 5338


As we predicted yesterday, Nifty closed below 5362 today even after two consecutive bullish trading days. Indian markets were depressed today due to BHARTI AIRTEL's net profit fell 37% to ₹762 Crs. Also, company projected a weak forecast too. Among the stocks, BHARTI AIRTEL was the top loser of the day with 4.4% loss.


Besides, CLSA and CRISIL downgraded India's GDP forecast.


Nevertheless, one significant matter which happened today is that FIIs marked a net buying for ₹1114 Crs. It implies that they are comfortable with investment in India up to a good extend, though there are so many risky facts including lack of monsoon.


GOOD LUCK.......

NIFTY TODAY : EPISODE 159

NIFTY TREND FOR 08-08-2012


Major Resistance Levels : 5368-5397-5439
Major Support Levels : 5291-5247-5220


MACD reveals that Nifty is on bullish trend. But, RSI shows a neutral level. Anyway, Nifty will face strong resistance at 5368, our first resistance level tomorrow. Besides, there is very less chance to close above 5362, Bollinger Upper Band tomorrow.


Nifty ( Closing ) : 5336.70


Nifty closed with around 1% gain today. TATAMOTOR was the top gainer in NSE with 4.15% increase. Most of the major global indices were in green today. It helped Indian markets to keep on upward move.


Moreover, Finance Minister, P. Chidambaram declared that India will focus on seducing fiscal deficits as well as special considerations for the overseas investors in taxation. It helped to collect net buy of ₹816 Crs. in cash segment.


On the other hand, lack of monsoon is being a problem on agricultural sector, the back bone of Indian economy.


GOOD LUCK........

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5314.
TARGETS : 5289-5258-5230.
STOP LOSS : 5344

NIFTY TODAY : EPISODE 158

NIFTY TREND FOR 07-08-2012


Major Resistance Levels : 5300-5317-5335
Major Support Levels : 5259-5239-5224


Nifty closed at around middle part of Bollinger upper and middle bands. It may get strong support at Bollinger lower band level, 5215. Also, it may reach up to Bollinger upper band level, 5365 on short term basis. MACD indicates a bullish market, while, RSI shows neutral market.


Nifty ( Closing ) : 5282.55


Indian markets opened with a good positive gap due to global cues. When Indian markets opened, all the major global markets were in green.


Among the stocks, RELIANCE showed a strong performance today. It closed with a gain of 5.5%. But, IT stocks showed weak tendency today. Anyway, among the IT stocks, WIPRO is about to make big move soon. It may move 380-410 range in this settlement.


GOOD LUCK..........

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5284.
TARGETS : 5258-5226-5196.
STOP LOSS : 5314

NIFTY TODAY ; EPISODE 157

NIFTY TREND FOR 06-08-2012

Major Resistance Levels : 5238-5261-5296

Major Support Levels     : 5174-5137-5116

MACD has crossed the signal line just above the o level. It indicates slightly bullish trend. RSI stands at neutral zone. Nifty closed just above the Bollinger middle band level ( 5200). It depicts a neutral trend. Anyway, Nifty may open with an upward gap due to global cues. 

Nifty ( Closing ) : 5215.70

Nifty stayed in red all the trading hours on Friday due to worries regarding monsoon. Experts claim that there will be monsoon deficit this year. It may make negative impact on Indian markets.

On the other hand, global markets give an optimistic view to the Indian markets too. European markets closed with a gain of 2.5- 4 % on Friday, while, US markets closed around 2% up. Anyway, Indian markets have to take a direction either upward or downward.

GOOD LUCK.....................

INTRADAY TIP

BUY NIFTY FUTURES ABOVE 5199.
TARGETS : 5225-5257-5287
STOP LOSS : 5170

NIFTY TODAY : EPISODE 156

NIFTY TREND FOR 03-08-2012


Major Resistance Levels : 5243-5258-5273
Major Support Levels : 5208-5190-5178


Nifty closed again just above the Bollinger middle band. RSI signal depicts neutral trend for Nifty. The time is already over for forming a one sided move in Indian markets. Most probably, it will happen tomorrow.


Nifty ( Closing ) : 5227.75


Nifty made so many insignificant and random movements today. But, nifty could not come into positive zone today. Market volume was also less today.


ECB decided to keep the rates same. Also, they planned to evaluate inflation and growth risks. Now, everybody looks curiously towards their policy regarding Spain. Will Spain get support from ECB?


Though monsoon creates worries in Indian markets, everyone looks hopefully the placement of Mr. P. Chidamparam as Finance Minister. Traders think that he is able to tackle all the existing problems and he may bring a panacea for the present situation. Anyway, some urgent action should be taken by him as soon as possible.


GOOD LUCK.......

NIFTY TODAY : EPISODE 155

NIFTY TREND FOR 02-08-2012


Major Resistance Levels : 5256-5272-5292
Major Support Levels : 5215-5192-5179.


Nifty closed just above the Bollinger middle band. In MACD, centre line crossover is above zero and hence, the trend shows upward. RSI charts explains a neural market.
Most probably, Nifty may make a strong one-sided move tomorrow. There is little more chance for a fall than a jump tomorrow.


Nifty ( Closing ) : 5240.50


Nifty closed with a mild gain today as we forecasted yesterday ( Ref : NIFTY TODAY : EPISODE 154 ). Traders are anxious about bad monsoon, unchanged monetary policy by RBI, lack of policy making and implementation, political inconsistency, depreciation of Indian Rupees and so on.


First, availability of monsoon is not under the control of anybody. Next, RBI was unable to cut rates up to some extends as inflation is on increase. But, government has to do much more this crucial time. It is the time for taking serious steps for industrial development of the country. Government should take courageous steps for making and implementation of hard decisions for the financial growth of the country. After two more years, India will have to face union election. So, government will have to focus on public welfare programs during that period.


GOOD LUCK.......

NIFTY TODAY : EPISODE 154

NIFTY TREND FOR 01-08-2012


Major Resistance Levels : 5263-5293-5345
Major Support Levels : 5172-5117-5088


Nifty closed at Bollinger Middle Band level. If it lose strength here, Nifty will touch 5050 level ( Bollinger lower band ) and thus, W - bottom can be created. MACD still stays at bearish zone, when RSI indicates neutral status. Nifty will face very strong resistance at 5263 tomorrow. A steady or negative closing can be expected tomorrow.


Nifty ( Closing ) : 5229


Nifty opened with slightly gain in the morning. But, unchanged monetary policy pulled the market down. RBI cut only Statutory Liquidity Rate ( SLR ) by 1% to 23%. But, it was expected only. So, nifty started to gain by noon.


Global markets are waiting curiously for the US Fed Meeting. Anyway, US markets are slightly down now. It may be due to the uncertainty before the meeting. The similar scene could see in Indian markets too before the declaration of monetary policy. Besides, another significant event will be conducted on Thursday. European Central Bank ( ECB ) is about to conduct a meeting.


GOOD LUCK.......

NIFTY TODAY : EPISODE 153

NIFTY TREND FOR 31-07-2012


Major Resistance Levels : 5233-5262-5311
Major Support Levels : 5145-5093-5065


Nifty closed just below the Bollinger middle band level, 5230. MACD shows still bearish sign. RSI indicates neutral level ( neither oversold nor over bought ). Nifty may get good resistance at 5230-5233 level and there is very less chance for closing above this level tomorrow.


Nifty ( Closing ) : 5199.80


Indian markets could gain very well today. Nifty gained 100 points on the expectations regarding the rate cuts by RBI tomorrow. But, we have to wait till the declaration. Inflation rate is high in India now. In this context, it is doubtful that RBI will be able to implement rate cuts.


Global markets also could influence on Indian markets positively. World economies are waiting with an optimistic view regarding the rate cuts and declaration of monetary policy by European Central Bank on Thursday.


GOOD LUCK........

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5153.
TARGETS : 5128-5096-5062
STOP LOSS : 5183

NIFTY TODAY : EPISODE 152

NIFTY TREND FOR 30-07-2012


Major Resistance Levels : 5145-5187-5220
Major Support Levels     : 5062-5028-4987

MACD reveals that Nifty is still bearish. RSI chart depicts that Nifty has skipped from oversold level. It means that Nifty is at neutral zone now. Bollinger lower band touches 5056 level. So, there will be strong support at 5056-5062 level on Monday.


Nifty ( Closing ) : 5099.85


Nifty could open with a good positive gap related to the upward movement of the global indices. But, the worries regarding Monsoon and FII outflow of the previous trading session were able to prevent the upward rally of the indian indices.


GOOD LUCK.............

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5157
TARGETS : 5129-5101-5067
STOP LOSS : 5187

NIFTY TODAY : EPISODE 151

NIFTY TREND FOR 27-07-2012


Major Resistance Levels : 5107-5169-5204
Major Support Levels : 5002-4964-4905


Nifty closed very weakly below Bollinger lower band. MACD also indicates a bearish trend. On the other hand, RSI is at oversold zone.


Nifty ( Closing ) : 5043


After a long interval, Nifty moved a wide range in a single day ( 94 points ) today. All the sectoral indices were down today. Market knew a heavy selling pressure today.


Though most of the major global indices closed in green today. But, Indian markets couldn't get strength. F & O settlement made the market active. In this month, Indian markets couldn't make such a strong move as seen today.


GOOD LUCK........

NIFTY TODAY : EPISODE 150

NIFTY TREND FOR 26-07-2012


Major Resistance Levels : 5135-5157-5183
Major Support Levels : 5078-5049-5030


RSI chart shows neutral value. MACD indicates bearish market. Nifty closed just above Bollinger lower band level, 5100. Besides, 50 days moving average is marked at 5098 level. Nifty is bearish for long term basis. But, nifty may get good support at 5078 level and close above 5100 tomorrow. Of course, there will be some levels of uncertainty as F & O settlement date comes tomorrow.


Nifty ( Closing ) : 5109.60


Though Nifty came down till 5076.60, it could get good support at 5100 level and close above the level. It was predicted yesterday. HCLTECH was the top gainer in NSE due to its good result which has been already declared.


Worries regarding weak monsoon and European crisis can make negative impact on Indian markets. Moreover, everybody waits for rate policy by RBI. It will be announced on 31st July.


GOOD LUCK.........

NIFTY TODAY : EPISODE 149

NIFTY TREND FOR 25-07-2012


Major Resistance Levels : 5153-5175-5197
Major Support Levels : 5100-5075-5056


Nifty closed at an exact neural zone today. MACD shows bearish signal. RSI chart depicts neutral level. Next, nifty closed just above the lower band of the Bollinger band. It indicates good support this level. Anyway, Indian markets are bearish on long term basis. But, nifty may get good support at 3100 and can be expected a slightly bullish market tomorrow. Nevertheless, F & O settlement can make any impact on the market.


Nifty ( Closing ) : 5128.20


As we expected yesterday, Nifty could get support today. European markets closed with loss of 0.50-0.75%. Global markets are tensed about the crisis in Europe.


In cash segment, FIIs made net selling for around ₹253 Crs., while, DIIs marked net buying for ₹39 Crs. FIIs drew net selling figure on 28th June at ₹1112.63 Crs. The very next day, they bought for ₹3047 Crs. From that day, FIIs havent marked net selling figure till yesterday. On the other hand, DIIs have never made a net buying figure after 28th June. FIIs began buying from 5150 continuously and could bring 5340 level. During the same period, DIIs were selling in cash segment and brought nifty at 5100 level.


GOOD LUCK........

NIFTY TODAY : EPISODE 148

NIFTY TREND FOR 24-07-2012


Major Resistance Levels : 5159-5195-5218
Major Support Levels : 5089-5064-5030


Nifty closed just above the lower band of the Bollinger band. When MACD shows bearish trend, RSI indicates neural one. Anyway, Nifty may get good support at 5089 tomorrow. But, the upcoming rate policy as well as F & O settlement can make impacts on Indian markets.


Nifty ( Closing ) : 5117.95


All the sectoral indices were down today. Only three companies ( DRREDDY, CIPLA & ONGC ) closed in green today. MARUTI was the top loser of NSE.


Most of the significant indices were closed with loss today. European markets opened with 1% down and closed with huge fall ( FTSE : -2.13%, CAC : -2.98% & DAX : -3.08%).


GOOD LUCK.......

NIFTY TODAY : EPISODE 147

NIFTY TREND FOR 23-07-2012

Major Resistance Levels : 5236-5264-5280

Major Support Levels :     5183-5164-5139

Stochastic and RSI charts shows neutral status for Nifty. But, nifty closed at a bearish zone last trading session.

Anyway, Indian markets are waiting for rate policy of RBI which will be declared on 31st July. Besides, they may consider the political issues very carefully. Moreover, F & O monthly settlement date is very close. So, positions should be taken very carefully.

GOOD LUCK...................... 

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5221.
TARGETS : 5196-5160-5127
STOP LOSS : 5251

NIFTY TODAY : EPISODE 146

NIFTY TREND FOR 20-07-2012


Major Resistance Levels : 5264-5279-5292
Major Support Levels : 5225-5210-5197


Nifty closed at an exact neural zone ( middle band range of the Bollinger band ) . The correction has been occurred with last two days. The market range was too small today. Nifty made a difference of 24 points only between the high, 5257 & the low, 5233. Most probably, nifty may make a specific direction tomorrow. We have to watch them carefully with the range, angle formation , volume and so on.


Nifty ( Closing ) : 5242.70


Nifty opened with a positive gap in the morning due to global cues. But, it couldn't get further gain due to the bad performance of MARUTI and banking stocks.


MARUTI was the biggest loser of the day. It closed with 9.19% loss today related to the news regarding wage disputes in Manesar plant. Besides, most of the banking stocks were included in the list of NSE top losers. Thus, Indian markets couldn't move along with the movements of global markets.


FIIs invested 126 Cr in cash segment today where DII made -229 Cr.

Anyway, markets may get a clear direction tomorrow either upward or downward.


GOOD LUCK.........

NIFTY TODAY : EPISODE 145

NIFTY TREND FOR 18-07-2012


Major Resistance Levels : 5234-5270-5292
Major Support Levels : 5163-5138-5105


Nifty still stands below the middle band of the Bollinger band. It indicates that nifty is at selling pressure. Stochastics also reveals the same thing. But, a positive closing is essential before a fall now. This positive closing may be seen tomorrow.


Nifty ( Closing ) : 5192.85


Nifty closed with a mild loss of 4 points. Traders have been showing a reluctance in holding positions for long term. They hurry to settle their positions. It makes market inactive.


Anyway, FIIs marked a positive figure at 475Cr as their net cash purchase. It is wonderful that FIIs have been making buying for long term, while, DIIs selling.


Whatever it may be, a positive closing can be expected tomorrow.


GOOD LUCK......

NIFTY TODAY : EPISODE 144

NIFTY TREND FOR 17-06-2012


Major Resistance Levels : 5240-5279-5300
Major Support Levels : 5165-5143-5107

Nifty closing may be in green tomorrow.


Nifty ( Closing ) : 5197.25


IT stocks pulled the Indian markets down. INFOSYS traded today at 52 week low.


Worries regarding the availability of monsoon makes the market sacred. If the monsoon is not good, it will affect the agricultural sector of the country and it may lead to the inflation.


If it happens so, RBI wouldn't be able to cut interest rates. The rate policy will be declared on 31 July.


Though the days of tough markets are ahead, nifty may close in green tomorrow.


GOOD LUCK........

NIFTY TODAY : EPISODE 143

NIFTY TREND FOR 16-07-2012


Major Resistance Levels : 5266-5299-5319
Major Support Levels : 5198-5176-5146


Nifty has just touched middle band of the Bollinger band. It may get a resistance here. If it breaks this level, it may move towards lower band. RSI charts reveals that nifty has escaped from oversold status. Anyway, nifty may close in green on Monday.


Nifty ( Closing ) : 5227.25


Though nifty closed on a flat note, it could make a trade range of 50 points. It happened after a long break. It is doubtful that nifty is about to take a direction.


Indian Rupees could gain strength against dollar. It closed at 55.15. But, market couldn't make the most of the opportunity.


Indian markets wait eagerly for quarter results and rate policy by RBI. These events can drive the markets at least for a short term.


GOOD LUCK........

INTRADAY TIP

SELL NIFTY FUTURES @ CMP 5270.
TARGETS : 5245-5213-5179
STOP LOSS : 5300

NIFTY TODAY : EPISODE 142

NIFTY TREND FOR 13-07-2012


Major Resistance Levels : 5267-5294-5314
Major Support Levels : 5203-5183-5159


Nifty ( Closing ) : 5235.25


INFOSYS reported a disappointing result at 9 am today. Moreover, INFOSYS chairman announced that their guidance wont published from next quarter. It pulled the Indian markets down in the opening session itself. By 11 am, IIP data was declared at 2.4% for the month, May. It was reported at 0.1% for previous data. But, Indian markets couldn't withstand the selling pressure today.


Both, European and Asian markets were down. It affected Indian markets negatively.


TCS declared a 38% rise in its fiscal first quarter profit beating market expectations.


GOOD LUCK.......

NIFTY TODAY : EPISODE 141

NIFTY TREND FOR 12-07-2012


Major Resistance Levels : 5337-5362-5376
Major Support Levels : 5284-5267-5245

While considering the technical aspects, nifty has to move upward and may close with more than 1% gain. But, some major events to be happened tomorrow : quarter results of TCS and INFOSYS & IIP data for the month May. So, intraday trade should be done very carefully as there is possibilities for fluctuation at excess rate.


Nifty ( Closing ) : 5306.30


After an interval of a single trading session, market moved in a small range today. Traders showed reluctance for taking and holding positions, since it will be a twisting day tomorrow.


Country's largest software exporters, TCS will declare result tomorrow. Most probably, it would be declared after market hours. Our team predict PAT at 8-10% to Rs. 2400-3000 Cr for TCS. INFOSYS may report a PAT at 11-14% last quarter.


Another important feature is that IIP will be announced tomorrow. It may be done before noon most probably. It was reported at 0.1% for the month, April. IIP data for the month, May is so significant one, hence it will be seriously considered on 31st July in interest rate policy action by RBI. Our team forecast IIP at 0-1.2%.


GOOD LUCK.........

NIFTY TODAY : EPISODE 140

NIFTY TREND FOR 11-07-2012


Major Resistance Levels : 5376-5402-5443
Major Support Levels : 5294-5250-5227


Nifty is bullish above 5325.


Nifty ( Closing ) : 5345.35

All sectoral indices closed in green today. When Asian indices closed at mixed nature, European indices closed with .60-.80% gain. Euro zone ministers allowed extra period ( until 2014 ) for reaching deficits reduction targets. Apart from that, they mentioned regarding an aid package for Madrid's ailing banks. It helped to evoke appreciation on European markets today. The same feeling affected Indian markets too.


Moreover, Indian Rupees showed strength today against dollar.


GOOD LUCK.......

NIFTY TODAY : EPISODE 139

NIFTY TREND FOR 10-07-2012


Major Resistance Levels : 5307-5333-5353
Major Support Levels : 5246-5223-5200


Though Nifty closed with loss of 42 points, it remains at neutral zone now. Some important events may Indian markets like IIP data ( will be declared on 12th July ), quarter result of second largest company, INFOSYS ( July 12 ) and policy rates by RBI ( July 31 ).


Nifty ( Closing ) : 5175


Nifty closed in red with 0.79% loss today. Global markets could make influence on Indian markets too. US & Asian markets were down by 1% and European markets closed with slight loss.


Indian Rupees reached at a worse stage again at 56 level. It closed at 55.95 today.


FIIs drew a positive figure in their net trade. They bought for 253 Cr. today.


GOOD LUCK.......

NIFTY TODAY : EPISODE 138

NIFTY TREND FOR 09-06-2012


Major Resistance Levels : 5343-5362-5385
Major Support Levels : 5286-5260-5244


Nifty is still at neutral zone even after a week. Indian markets wait for quarter results eagerly.


Nifty ( Closing ) : 5316.95


Indian markets made some special and peculiar way of performance last week.


It has happened very rarely in the past that nifty moved in a very small range ( 30-40 points ) in the whole week. But, market didnt draw remarkable less volume.


Moreover, FIIs were buyers in cash sector and DIIs were sellers last week. FIIs bought for 2333 Cr and DIIs sold for 1575 Cr.


Finally, Indian markets showed an independent nature. So many incidents have been happened last week internally as well as externally such as fluctuation of Indian Rupees, Worries regarding the availability of monsoon, interest rate cut by ECB, global markets movements and so on. Nevertheless, nothing could make positive or negative impacts on Indian markets.


Market is about to make a big move. Indices remain at crucial levels now. If it takes strength from here, Nifty may move towards 5400-5430 . Otherwise, it may touch 4880-4915 range.


GOOD LUCK........

NIFTY TODAY : EPISODE 137

NIFTY TREND FOR 06-07-2012


Major Resistance Levels : 5355-5375-5403
Major Support Levels : 5291-5260-5243


The nifty daily chart depicts that third consecutive doji is formed today. It reveals the sunset of bullish trend. But, some other factors like quarter results of second largest company in India, INFOSYS and the acceptance of rate cut by European Central Bank may make impact on Indian markets and global markets.


Nifty ( Closing ) : 5327.30


European Central Bank ( ECB ) President, Mr. Mario Draghi has declared rate cut by 25 basis points ( .25% ) to 0.75%, a historical low rate. ECB made interest rates at 1.25% on 3rd November 2011 and 1% on 8th December 2011.


When ECB made interest rate cut last time on 3rd December 2011, European markets showed a depression in their stock markets. Germany's Dax were 2% down and UK's FTSE were 1.14% down on the particular day. But, investors were anxious that Europe would fail to address sovereign debt crisis those days.
Although this rate cut by ECB was expected today, CAC were down by 1.19% and DAX were down by 0.45%, while, FTSE were slightly up by 0.14%. Ongoing US markets are trading steadily now.


In this context, it is doubtful regarding the acceptance of rate cut by ECB. It is third time to cut interest rates in 8 months by ECB. It should be questioned that how far it is possible for Europe ?


The Indian markets eagerly wait for the quarter results of INFOSYS. It will be declared on 12th July. It can make remarkable impacts on Indian markets.


FIIs made net buy of 429 Cr today. They show interest to invest in Indian markets and they do so at enormous amount. Obviously, it is a positive news for Indian markets.


GOOD LUCK........

NIFTY TODAY : EPISODE 136

NIFTY TREND FOR 05-07-2012


Major Resistance Levels : 5333-5356-5381
Major Support Levels : 5268-5240-5220


Nifty closed again at an exact neutral zone. It is shaft range and it may turn anywhere. Nifty daily chart made a second doji at upper Bollinger band region. Nifty stays this region for last three trading sessions. Stochastics also shows an overbought status. If nifty loses its strength here, it may move toward 4880-4915 range. Otherwise, it may reach 5400-5430 range.


Nifty ( Closing ) : 5302.55


Nifty traded in a narrow range and closed on a flat not today. It is third consecutive day today nifty showed a same pattern.


Indian markets are waiting curiously for the third quarter results, fresh policy from government, stability of Rupees and availability of monsoon. These facts prevent investors from holding positions and taking new one. Global markets also traded in a cold zone today. The holiday of US markets also affected the global indices.


Next, charts also justify such a halt as Indian indices reached a crucial level. But, there may be a one sided move tomorrow.


GOOD LUCK.......

NIFTY TODAY : EPISODE 135

NIFTY TREND FOR 04-07-2012


Major Resistance Levels : 5325-5354-5378
Major Support Levels : 5252-5225-5198

Nifty couldn't take any direction from its present crucial level ( Upper Bollinger Band Area ). If it gets strength from here, it will reach 5400-5430 range. Otherwise, it may touch 4880-4915 range. So, traders have to be careful tomorrow.


Nifty ( Closing ) : 5287.95


Nifty closed on a flat note today. It moved comparatively low range of 51 points today. Volatility decreased 2.36% and India VIX closed at 18.56.


Global markets were up today. No major index showed its closing in red among Asian, American and European markets. It helped Indian markets to retain from a fall last trading hours.


Moreover, Indian Rupees showed strength today. It closed at 54.37, strong level. Currency trading speculators expect strong decisions from government.


It was the third consecutive day today in which FIIs made huge investment. Net buy marked at 590 Cr today. They invested 4225 Cr in three trading sessions whereas DIIs sold for around 1250 Cr.


GOOD LUCK......

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5316.
TARGETS : 5293-5259-5223
STOP LOSS : 5344

NIFTY TODAY : EPISODE 134

NIFTY TREND FOR 03-07-2012


Major Resistance Levels : 5309-5333-5351
Major Support Levels : 5248-5227-5206

Nifty closed at neutral zone today. So, it may move at any direction. So, support-resistance levels will be significant tomorrow.


Nifty ( Closing ) : 5278.60


Nifty closed on a flat note today. Most of the global indices closed in green today. Major European and Asian indices were up above 1%. But, Indian markets couldn't gain. Nifty moved in a short range of 39 points.


FIIs made net buying for 591 Cr. today. It was 3047 Cr last Friday. FIIs have spent a huge amount of money this month.


GOOD LUCK......

NIFTY TODAY : EPISODE 133

NIFTY TREND FOR 02-07-2012


Major Resistance Levels : 5326-5361-5423
Major Support Levels : 5204-5139-5104

Nifty may open above 5210 on Monday. After that, market moves should be watched closely for further trading.

Nifty touched upper Bollinger Band and its a crucial period now. If it takes strength again from here, Nifty may move towards 5400-5430 range in short / middle term. If it loses its strength, it may go towards 4880-4915 range in short / middle term. Anyway, traders can invest their fund partially at this period.


Clarity in General Anti Avoidance Rules ( GAAR ) helped to the flow of fund from overseas. Government decided to give concession on P - Notes ( Participatory Notes ) .

Bullish trend of European markets on Friday could make positive feeling in national markets too.


FIIs made net amount of 3046.76 Cr. last session. It is a remarkable figure to note and shows interest of FIIs in Indian markets.


Moreover, Indian Rupees could make a better gain on Friday. It closed at 55.67 where as previous closing rate was 56.80.

Anyway, its a crucial level as a shaft for Indian markets. It is advisable for a partial investment funding in Indian markets.


GOOD LUCK........

INTRADAY TIP

SELL NIFTY FUTURES BELOW 5270.
TARGETS : 5248-5214-5181
STOP LOSS : 5298

NIFTY TODAY : EPISODE 132

NIFTY TREND FOR 29-06-2012


Major Resistance Levels : 5176-5191-5210
Major Support Levels : 5117-5095-5080
Short / Middle Term Target : 4880-4895.


Nifty may close in red tomorrow.


Nifty ( Closing ) : 5149.15


Ironically, Nifty closed on a flat not despite of high volatility. The worries regarding European leaders' summit. They are already divided according to their views and opinions. Anyway, European indices closed in negative zone. It means that they dont have an optimistic approach on their own market.


Indian Rupees depreciated against dollar. It was the another reason for fall in capital market.


RBI chairman, Mr. Pratip Chaudhary, declared that they cut interest rates by 50 basis points for exporters. It can evoke positive impact on Indian markets.


GOOD LUCK........

NIFTY TODAY : EPISODE 131

NIFTY TREND FOR 28-06-2012


Major Resistance Levels : 5173-5188-5203
Major Support Levels : 5115-5098-5081
Short / Middle Term Target : 4880-4915


Actually, nifty is at strong bearish zone. But, settlement of futures and options & European leaders summit may make impact tomorrow.


Again, nifty moved in a small range today ( 31 points ). The uncertain upcoming events decreased the velocity of Indian markets.


SEBI ( Stock Exchange Board of India ) increased FII FII investment limit in G-Sec up to $20 b ( increase was $5 b ) on 25th June. In this context, SEBI has decided to conduct a special auction for allocation of the additional limits to FIIs on 4th July. SEBI also informed to auction debt limits for FIIs on 20th of every month ( If it is a holiday, it will be held on next working day). Bidding would be held from 3.30pm to 5.30pm. FIIs can make their investments in Government securities, Corporate bonds and long term infrastructures corporate bonds.


Next, global markets curiously wait for European Leaders' Summit. The two days meeting will start tomorrow.

A. Markel accused top European union officials for proposing common euro zone debt before European controls in place on national budgets and economic policies. She told, " I fear that at the summit will be talk too much about all these ideas for joint liability and too little about improved controls & structural measures.

Spanish Prime Minister, Mariano R Rajoy said he would ask other European leaders to allow the bloc's bailout funds or the European Central Bank to stabilize financial markets. He also warned that Spain would not be able to finance itself in indefinitely with 10 year bond at the existing rate ( 7% ).

Divisions between European leaders are crucial now. It has been begun since Francis Surkozy elected as French President. The Franco-German axis is being questioned nowadays. If the leaders fails to make the summit successful, Global markets will trapped with excessive selling pressure.


GOOD LUCK........

INTRADAY TIP

SELL NIFTY FUTURES NOW @ 5155.
TARGETS : 5133-5101-5064
STOP LOSS : 5183

NIFTY TODAY : EPISODE 130

NIFTY TREND FOR 27-06-2012


Major Resistance Levels : 5151-5169-5190
Major Support Levels : 5086-5063-5044
Short / Middle Term Target : 4880-4915

Nifty ( Closing ) : 5120


All negative factors are still existing in the market. Markets moved a small range yesterday. Indian Rupees couldn't stable so far. The only reason for avoiding fall is the closeness of futures and option settlement.


GOOD LUCK.......

NIFTY TODAY : EPISODE 129

NIFTY TREND FOR 26-06-2012


Major Resistance Levels : 5185-5241-5274
Major Support Levels : 5069-5035-4977
Short / Middle Term Target : 4880-4915


Nifty is clearly at bearish zone. It may touch 5075 or below tomorrow .


Nifty ( Closing ) : 5114.65


RBI allowed increased FII investment limit of $20 billion in government sectors and overseas borrowing limit up to $10 billions. Government and RBI expected a warm welcome from the capital markets and consistency of Indian Rupees. Ironically, markets turned into negative zone and rupees depreciated again. Immediately after declaration, rupees moved from 56.56 to 56.90 against dollar. Market was curious about the policy and expected more. There was not any liberal decision regarding corporate sector. If RBI declares increased investment limit in corporate sector from abroad, market will welcome with great pleasure.


Next, the back bone of Indian economy is agricultural sector. In this context, lack of monsoon may affect Indian markets as well as economy worse.


World markets are being focused on upcoming European economic summit. If the leaders fail to implement good decisions, the crisis will move towards more dangerous zone. Anyway, even European markets dont have confidence regarding the issue. Steady fall of European markets reveal their levels of confidence.


Finally, Indian markets could show stability, though all the leading markets showed depression. But, it was not based on any specific fact. So, Indian markets may come down these days.


GOOD LUCK.....

NIFTY TODAY : EPISODE 128

NIFTY TREND FOR 25-06-2012


Major Resistance Levels : 5183-5212-5251
Major Support Levels : 5091-5052-5022
Short / Middle Term Target : 4880-4915

Nifty is at an over bought position. Despite of all negative news, Indian markets stand stable. But, it is manipulated related to futures and option monthly settlement date is very close. It may collapse at any time.


Finance Minister, Mr. Pranab Mukherjee, declared that some crucial decisions for strengthening India's economy will be declared tomorrow. The steps will be implemented with the co - operation of RBI. He will resign the from the central ministry for the candidacy of presidential election.
Mr. Pranab Mukherjee had discussed with Finance Secretary, R. Gopalan & RBI Governor, D. Subba Rao on Friday.


Mr. Pranab also admitted that Indian economy faces pressure from inflation and depreciation of Indian Rupees. It is a fact that there are some depressions in Indian economy. Also he stated that he has some worries, but not desperate.


Ironically, Indian capital market traders dont worry regarding the negative financial impact of the country even as much as its Finance Ministry. Anyway, market may affect strong correction.


GOOD LUCK........

NIFTY TODAY : EPISODE 127

NIFTY TREND FOR 22-06-2012


Major Resistance Levels : 5204-5233-5283
Major Support Levels : 5102-5051-5021
Short / Middle Term Target : 4880-4915

Most probably, Nifty may touch 5021-5100 range tomorrow.


Nifty ( Closing ) : 5165


Indian markets were highly manipulated today. It moved upward, though all the facts were against for such a move except depression in crude oil price.


US markets were closed at a flat note last session. So many negative news came from US. Federal reserve cut growth of US economy. Inflation may be presented for three more years. Unemployment rate is expected above 8% till December 2012.


Almost all the Asian markets were 1% down as 'HSBC' reported a slow manufacturing growth from China.


Next, Indian rupees depreciated at a huge range and rupees touched at 56.57, all time low, today.

Ironically, Indian markets showed a steep upward move afternoon. Indian markets can never stand alone against global trend for long. They are highly manipulated today. It could make some bullish image. But, it may not be consistent. Market is at bearish zone only.


GOOD LUCK........

NIFTY TODAY : EPISODE 126

NIFTY TREND FOR 21-06-2012


Major Resistance Levels : 5152-5175-5195
Major Support Levels : 5085-5065-5041
Short / Middle Term Target : 4880-4915


Market could make to complete a circle and it turned into bearish zone by closing. Most probably, a fall can be seen tomorrow ( sometimes it may be a heavy fall ).


Nifty ( Closing ) : 5120.55


Indian markets were traded in a small range of 41 points today. Although it was positive most of the trading hours, it couldn't take strength today.


FOMC ( Federal Open Market Committee ) meeting is being conducted in US now. This meet will present monthly report regarding credit and liquidity programs. The reports from the committee will lead global markets tomorrow. There is a good possibility for a bad data. If it is so, Indian markets too will fall tomorrow.

Monsoon have not strengthened yet. It shares the worries to agricultural sector of the soil. If it continue so, it will make strong negative impact on Indian markets.


GOOD LUCK........

NIFTY TODAY : EPISODE 125

NIFTY TREND FOR 20-06-2012


Major Resistance Levels : 5141-5168-5209
Major Support Levels : 5049-5008-4980
Short / Middle Term Target : 4880-4915.


Nifty will be clearly bearish below 5084 tomorrow.


Nifty ( Closing ) : 5103.85


Oil and gas companies showed an upward sally today due to the news from G-20 meeting. The meet expressed that oil and gas prices could be deregulated and it will be helpful to curb subsidies. The comments regarding deregulation of oil prices helped Indian markets to close in green.


There was huge volume and turnover in index options. The volume of index options was 4671993 and turnover was 118554 Cr. It should be monitored so closely.

Rupees couldn't be stable today. It was above 56 against dollars in majority of trading period today. It makes negative impact on Indian markets.


GOOD LUCK.......

NIFTY TODAY : EPISODE 124

NIFTY TREND FOR 19-06-2012


Major Resistance Levels : 5167-5260-5317
Major Support Levels : 4993-4936-4842
Short / Middle Term Target : 4880-4895


Nifty is clearly bearish below 5100. Most probably, Nifty may close in red tomorrow.


Nifty ( Closing ) : 5064.25

Nifty opened with a positive gap due to international cues. Pro-reform parties won the polls in Greece. In this context, Greece may not leave European union. Thus, Euro could escape from destruction for the present. It could make positive impact on world markets.

But, after 11 O' clock, market was under strong selling pressure. RBI was not ready for further CRR and rate cuts.

Actually, it was not easy to cut rates for RBI as inflation is on increase. Standard & Poor, rating agency gave warning to India last week. Another leading rating agency, Fitch, warns India that India's sovereign credit rating may be slow growth and increased inflation.


Moreover, S & P indicated the political inconsistency of the country for taking strong policy formation. Kumari Mamatha Banarji, leader of Thrinamool Congress which is a second party in ruling alliance, is not on good terms with the leading party, Congress regarding the presidential election. If she withdraws his party from UPA , the central government may get trouble.

All negative factors may lead nifty towards our short / middle term target, 4880-4915 level.


GOOD LUCK........

NIFTY TODAY : EPISODE 0123

NIFTY TREND FOR 18-06-2012


Major Resistance Levels : 5177-5208-5257
Major Support Levels : 5075-5024-4995
Short / Middle Term Target : 4880-4915

Market is bullish below 5008. But, RBI's rate cut decision may affect Indian markets tomorrow.


Nifty ( Closing ) : 5139.05


Indian markets wait for rate cut of RBI tomorrow. Government also expect rate cut. It is needed 100 bps ( 1% ) rate cut for better industrial growth. But, RBI may have some worries regarding the increasing inflation rates as well as depreciation of Indian currency. Anyway, market may affect negative impact , if rate cut less than 50 bps ( .5% ).

Greece election result and government policy may affect global markets. If Greece tries to leave European union, world markets will face strong depression in trades.

Leading ruling party, INC decided to hold firmly Mr. Pranab Mukherjee as the presidential candidate in spite of the objection of Kumari Mamatha Banarjee who is the leader of Thrinamool Congress ( Second party in ruling alliance with the strength of parliament members. S & P stated the inconsistency of government for decision making during political pressure. In this context, government has to show its strength in planning and implementation. But, Kumari. Mamatha will make so many troubles for government and it may affect Indian markets.

GOOD LUCK........

NIFTY TODAY : EPISODE 122

NIFTY TREND FOR 15-06-2012


Major Resistance Levels : 5119-5174-5204
Major Support Levels : 5011-4979-4926
Short / Middle Term Target : 4880-4915

Increased WPI inflation data pulled Indian markets downwards. Nifty reached a strong bearish zone and it may touch 4880-4915 range on short / middle term basis.


WPI inflation marked at 7.55% for the month of May. It was 7.23% previous month. It affected Indian markets badly. Banking stocks were the major losers of the day.


Apart from that, European crisis caused for fall in global markets. Moody downgraded credit ratings of Spain and Cyprus. Greece election also makes global markets tensed.


GOOD LUCK......

NIFTY TODAY : EPISODE 121

NIFTY TREND FOR 14-06-2012


Major Resistance Levels : 5158-5185-5210
Major Support Levels : 5080-5054-5027.

In normal course, Nifty may close a flat negative note tomorrow. But, the declaration of inflation figures may affect tomorrow. If it doesn't affect, flat negative closing will be seen.


Nifty ( Closing ) : 5121.45

Market closed in a flat note today. Indian markets are waiting for so many events such as inflation figures, tax numbers, interest rates by RBI and so on this week. So, traders showed reluctance to owe positions up to some extends. It resulted irregular and trivial movements in Indian market.


Apart from above mentioned internal events, markets are watching carefully the developments happening abroad especially in Europe. Global markets are so curious regarding Greece election and the policy of new government. If Greece leaves European union, it will make too negative impacts in world markets.


GOOD LUCK......

NIFTY TODAY : EPISODE 120

NIFTY TREND FOR 13-06-2012


Major Resistance Levels : 5173-5215-5286
Major Support Levels : 5028-4956-4911

Nifty is bullish below 5085. Nevertheless, a negative closing can be expected for nifty tomorrow.


The Index of Industrial Production ( IIP ) growth market at 0.1% for the month of April. Although it was lower than expected, it was much better than the data of previous month ( -3.5% ). The low growth rate and possibility for downgrading the rating by S & P may compel the RBI for cutting the rates. RBI meeting will be conducted on 18th June. Rate cut of 100 bps ( 1% ) is expected now.

If RBI doesn't cut rates, Indian economy will have to suffer much more.

S & P expressed worries regarding the roadblock of decision making due to uncertainty in political aspects, through their journal yesterday. In this context, government has to prove that political issues wont interfere in decision making. If government fails to do so, it will make some ill effects to Indian economy as well as markets. Hope it can be tackled through good steps.


GOOD LUCK........