NIFTY TREND FOR 02/04/2012
Major Resistance Levels : 5344-5392-5458
Major Support Levels : 5250-5212-5146
Short / Middle Term Target : 4950-5010
There is too less chance to close market in green on Monday . Sometimes, there may be a heavy fall in nifty. So, long positions are not safe on Monday.
TREND FOR USDINR APRIL 2012
Major Resistance Levels : 51.55-51.86-52.08
Major Support Levels : 51.02-50.80-50.49
Nifty ( closing ): 5295.55
Indian indices showed strong upward trend today. Nifty gained 2.25% and closed at 5295.55. Indian rupees showed firmness today. It helped the market for getting support. Besides, short covering has been seen today. It brought some recovery in the beginning session.
Next, The Indian Finance Minister, Mr. Pranab Mukherjee, declared that P-Notes ( Participatory Notes ) would be free from taxation. It helped to get strength in IT stocks today.
GOOD LUCK.....
Friday, March 30, 2012
Thursday, March 29, 2012
NIFTY TODAY : EPISODE 75
NIFTY TREND FOR 30/03/2012
Major Resistance Levels : 5220-5244-5278
Major Support Levels : 5130-5096-5072
Short/Middle Term Target : 4950-5010
Market is bearish. Please avoid long ( buying ) positions tomorrow .
USDINR APRIL 2012
Major Resistance Levels : 51.85-51.99-52.26
Major Support Levels : 51.44-51.17-51.03
Nifty ( closing ) : 5178.85
Nifty closed slightly down with 16 points loss. Nifty was weak in the morning session. Then, it took well support at our first support level, 5150 and recovered some points by the evening.
IT stocks were the biggest losers today as US increases the cost of H-1B visa. Besides, future and option settlement made the market down.
Asian , European and American markets showed a down trend in their last session of trade. It affected Indian market too.
FIIs invested in Indian capital market for 1982 Crs last week and 44686 Crs this year. Nevertheless, they sold for 1333 Crs today in a single session. If they start to withdraw their funds, Indian stocks will face a remarkable depreciation as they hold positions for a huge amount.
GOOD LUCK.....
Major Resistance Levels : 5220-5244-5278
Major Support Levels : 5130-5096-5072
Short/Middle Term Target : 4950-5010
Market is bearish. Please avoid long ( buying ) positions tomorrow .
USDINR APRIL 2012
Major Resistance Levels : 51.85-51.99-52.26
Major Support Levels : 51.44-51.17-51.03
Nifty ( closing ) : 5178.85
Nifty closed slightly down with 16 points loss. Nifty was weak in the morning session. Then, it took well support at our first support level, 5150 and recovered some points by the evening.
IT stocks were the biggest losers today as US increases the cost of H-1B visa. Besides, future and option settlement made the market down.
Asian , European and American markets showed a down trend in their last session of trade. It affected Indian market too.
FIIs invested in Indian capital market for 1982 Crs last week and 44686 Crs this year. Nevertheless, they sold for 1333 Crs today in a single session. If they start to withdraw their funds, Indian stocks will face a remarkable depreciation as they hold positions for a huge amount.
GOOD LUCK.....
Wednesday, March 28, 2012
NIFTY TODAY : EPISODE 74
NIFTY TREND FOR 29/03/2012
Major Resistance Levels : 5247-5283-5314
Major Support Levels : 5150-5119-5083
Short / Middle Term Target : 4950-5010.
USDINR FUTURES 26-APR-12
Major Resistance Levels : 51.45-51.63-51.76
Major Support Levels : 51.14-51.01-50.83
Nifty is bearish . But, traders must be careful tomorrow as the future & option expiry date.
Nifty ( Closing ) : 5194.75
Nifty closed with 48 points loss today. It made sideways movements throughout the trading session.
Reports regarding France's economic data which couldn't grow up to expectations. It pulled the European markets down. Then, Asian markets also followed them including Indian market. Mere over, India faces some troubles regarding the open clash with Defence Minister, A.K.Antony and Military Chief, Gen. V.K.Singh. So many problems are already existed with the government. One more controversial issue added to them now. It may make negative impact on Indian capital market.
GOOD LUCK.....
Major Resistance Levels : 5247-5283-5314
Major Support Levels : 5150-5119-5083
Short / Middle Term Target : 4950-5010.
USDINR FUTURES 26-APR-12
Major Resistance Levels : 51.45-51.63-51.76
Major Support Levels : 51.14-51.01-50.83
Nifty is bearish . But, traders must be careful tomorrow as the future & option expiry date.
Nifty ( Closing ) : 5194.75
Nifty closed with 48 points loss today. It made sideways movements throughout the trading session.
Reports regarding France's economic data which couldn't grow up to expectations. It pulled the European markets down. Then, Asian markets also followed them including Indian market. Mere over, India faces some troubles regarding the open clash with Defence Minister, A.K.Antony and Military Chief, Gen. V.K.Singh. So many problems are already existed with the government. One more controversial issue added to them now. It may make negative impact on Indian capital market.
GOOD LUCK.....
Tuesday, March 27, 2012
NIFTY TODAY : EPISODE 73
NIFTY TREND FOR 28/03/2012
Major Resistance Levels : 5299-5342-5392
Major Support Levels : 5178-5128-5085
Short / Middle Term Target : 4950-5010
Market is bearish. But, it is the time near the monthly settlement of futures and options. So, be careful to have positions tomorrow.
Nifty ( closing ) : 5243.15
Nifty gained 1.14% and closed at 5243.15. The expiry date for monthly settlements of future and option. So, market moved sideways and it was forecasted yesterday ( ref NIFTY TODAY : EPISODE 72). World markets were positive today. It fueled the upward rally in Indian market.
Our intraday TIP achieved first target today.
GOOD LUCK....
Major Resistance Levels : 5299-5342-5392
Major Support Levels : 5178-5128-5085
Short / Middle Term Target : 4950-5010
Market is bearish. But, it is the time near the monthly settlement of futures and options. So, be careful to have positions tomorrow.
Nifty ( closing ) : 5243.15
Nifty gained 1.14% and closed at 5243.15. The expiry date for monthly settlements of future and option. So, market moved sideways and it was forecasted yesterday ( ref NIFTY TODAY : EPISODE 72). World markets were positive today. It fueled the upward rally in Indian market.
Our intraday TIP achieved first target today.
GOOD LUCK....
Monday, March 26, 2012
NIFTY TODAY : EPISODE 72
NIFTY TREND FOR 27/03/2012
Major Resistance Levels : 5223-5259-5323
Major Support Levels : 5135-5099-5035
Short / Middle Term Target : 4950-5010
Market is bearish. But, it is the time very near to closing of future & option monthly settlement date. So, positions should be taken only after seeing the pattern of the market tomorrow .
Nifty ( closing ) : 5184.25
Market was clearly bearish and it was predicted in our blog ( Ref: NIFTY TODAY : EPISODE 71). All major indices closed in red today. There were only four gainers in nifty ( IDFC, SESAGOA, AXIS BANK & TATAPOWER. Nifty lost 94 points and closed at 5184.25.
Problems in central government was the major concern for the day. It pulled the market down. Apart from that, China's weak manufacturing data made depression on all the Asian markets. It affected our market too. Finally, just as we mention always , charts show a weak trend in Indian market. Market is being reached our Short / Middle Term Target Level, 4950-5010 range.
GOOD LUCK.....
Major Resistance Levels : 5223-5259-5323
Major Support Levels : 5135-5099-5035
Short / Middle Term Target : 4950-5010
Market is bearish. But, it is the time very near to closing of future & option monthly settlement date. So, positions should be taken only after seeing the pattern of the market tomorrow .
Nifty ( closing ) : 5184.25
Market was clearly bearish and it was predicted in our blog ( Ref: NIFTY TODAY : EPISODE 71). All major indices closed in red today. There were only four gainers in nifty ( IDFC, SESAGOA, AXIS BANK & TATAPOWER. Nifty lost 94 points and closed at 5184.25.
Problems in central government was the major concern for the day. It pulled the market down. Apart from that, China's weak manufacturing data made depression on all the Asian markets. It affected our market too. Finally, just as we mention always , charts show a weak trend in Indian market. Market is being reached our Short / Middle Term Target Level, 4950-5010 range.
GOOD LUCK.....
INTRADAY TIP
SELL NIFTY FUTURES BELOW 5212.
TARGETS : 5188-5166-5130
STOP LOSS : 5239
GOOD LUCK.....
TARGETS : 5188-5166-5130
STOP LOSS : 5239
GOOD LUCK.....
Friday, March 23, 2012
NIFTY TODAY : EPISODE 71
NIFTY TREND FOR 26/03/2012
Major Resistance Levels : 5333-5375-5425.
Major Support Levels : 5215-5165-5123.
Short / Middle Term Target : 4950-5010.
Market is bearish . Please avoid long ( buying ) positions tomorrow.
Nifty ( closing ) : 5275.20
Nifty increased 50 points and closed at 5275.20 . It was a sideways market today. Though there was not any good news for the market, nifty increased near one percentage. Nifty couldn't break the imaginary support level, 5200 today. Bears can get sufficient support after breaking 5200 level.
India has been compelled to cast vote against Sreelanka due to political pressure . Besides, Central government changed Railway Minister with the same reason, political pressure. Although government claims that there is not any political pressure for them, it is obvious that government cannot highlight its diplomacy internally and externally . It may evoke some disturbance in the business world too. So, everyone has to expect a bearish market in near future.
GOOD LUCK.....
Major Resistance Levels : 5333-5375-5425.
Major Support Levels : 5215-5165-5123.
Short / Middle Term Target : 4950-5010.
Market is bearish . Please avoid long ( buying ) positions tomorrow.
Nifty ( closing ) : 5275.20
Nifty increased 50 points and closed at 5275.20 . It was a sideways market today. Though there was not any good news for the market, nifty increased near one percentage. Nifty couldn't break the imaginary support level, 5200 today. Bears can get sufficient support after breaking 5200 level.
India has been compelled to cast vote against Sreelanka due to political pressure . Besides, Central government changed Railway Minister with the same reason, political pressure. Although government claims that there is not any political pressure for them, it is obvious that government cannot highlight its diplomacy internally and externally . It may evoke some disturbance in the business world too. So, everyone has to expect a bearish market in near future.
GOOD LUCK.....
Thursday, March 22, 2012
NIFTY TODAY : EPISODE 70
NIFTY TREND FOR 23/03/2012
Major Resistance Levels : 5353-5466-5533
Major Support Levels : 5147-5080-4967.
Short / Middle Term Target : 4950-5010.
Market is obviously bearish . Long ( buying ) positions are not advisable for tomorrow .
Nifty ( closing ) : 5228.45
Market showed virtual blood bath today. Nifty lost 2.54% and closed at 5228.45. It was clearly mentioned yesterday that about today's weak market ( Ref: NIFTY TODAY : EPISODE 69).
In our intraday tip, nifty futures achieved third target ( profit : 94 points).
Concerns over the leaked CAG report shook the Indian markets today . Besides, European markets showed a weak trend whereas Asian markets showed mixed trend in their last session.
Weakening of rupees was the another reason for heavy fall. Over and above, charts reveal that market is bearish. We have been expecting a heavy fall till nifty reach 4950-5010 range for a month. It was given in " NIFTY TODAY : EPISODE 52" on 27th February .
GOOD LUCK.....
Major Resistance Levels : 5353-5466-5533
Major Support Levels : 5147-5080-4967.
Short / Middle Term Target : 4950-5010.
Market is obviously bearish . Long ( buying ) positions are not advisable for tomorrow .
Nifty ( closing ) : 5228.45
Market showed virtual blood bath today. Nifty lost 2.54% and closed at 5228.45. It was clearly mentioned yesterday that about today's weak market ( Ref: NIFTY TODAY : EPISODE 69).
In our intraday tip, nifty futures achieved third target ( profit : 94 points).
Concerns over the leaked CAG report shook the Indian markets today . Besides, European markets showed a weak trend whereas Asian markets showed mixed trend in their last session.
Weakening of rupees was the another reason for heavy fall. Over and above, charts reveal that market is bearish. We have been expecting a heavy fall till nifty reach 4950-5010 range for a month. It was given in " NIFTY TODAY : EPISODE 52" on 27th February .
GOOD LUCK.....
Wednesday, March 21, 2012
NIFTY TODAY : EPISODE 69
NIFTY TREND FOR 22/03/2012
Major Resistance Levels : 5419-5460-5535
Major Support Levels : 5277-5202-5161
Market is bearish. But, it may open at 5420 range. After that, it may fall downwards . So, long ( buying ) positions are not recommended .
Nifty ( closing ) : 5364.95
Nifty showed a steady increase throughout the day except the opening session. European market showed strength and it fueled the upward rally in Indian market.
IT stocks gained very well as the Indian rupees showed depression against US dollar.
Nevertheless , charts indicate that market is still bearish .
GOOD LUCK.....
Major Resistance Levels : 5419-5460-5535
Major Support Levels : 5277-5202-5161
Market is bearish. But, it may open at 5420 range. After that, it may fall downwards . So, long ( buying ) positions are not recommended .
Nifty ( closing ) : 5364.95
Nifty showed a steady increase throughout the day except the opening session. European market showed strength and it fueled the upward rally in Indian market.
IT stocks gained very well as the Indian rupees showed depression against US dollar.
Nevertheless , charts indicate that market is still bearish .
GOOD LUCK.....
Tuesday, March 20, 2012
NIFTY TODAY : EPISODE 68
NIFTY TREND FOR 21/03/2012
Major Resistance Levels : 5316-5345-5380
Major Support Levels : 5226-5191-5262
Short / Middle Term Target : 4950-5010
Market will be bearish tomorrow .
Nifty was slightly up with the increase of 18 points. FII net value was 111.09 today . If they start covering of their positions , market will come further down.
Besides, the conflicts between the ruling parties may affect market negatively. It may affect the government and the market.
GOOD LUCK.....NIFTY TREND FOR 21/03/2012
Major Resistance Levels : 5316-5345-5380
Major Support Levels : 5226-5191-5262
Short / Middle Term Target : 4950-5010
Market will be bearish tomorrow .
Nifty was slightly up with the increase of 18 points. FII net value was 111.09 today . If they start covering of their positions , market will come further down.
Besides, the conflicts between the ruling parties may affect market negatively. It may affect the strength of government and the market.
GOOD LUCK.....
Major Resistance Levels : 5316-5345-5380
Major Support Levels : 5226-5191-5262
Short / Middle Term Target : 4950-5010
Market will be bearish tomorrow .
Nifty was slightly up with the increase of 18 points. FII net value was 111.09 today . If they start covering of their positions , market will come further down.
Besides, the conflicts between the ruling parties may affect market negatively. It may affect the government and the market.
GOOD LUCK.....NIFTY TREND FOR 21/03/2012
Major Resistance Levels : 5316-5345-5380
Major Support Levels : 5226-5191-5262
Short / Middle Term Target : 4950-5010
Market will be bearish tomorrow .
Nifty was slightly up with the increase of 18 points. FII net value was 111.09 today . If they start covering of their positions , market will come further down.
Besides, the conflicts between the ruling parties may affect market negatively. It may affect the strength of government and the market.
GOOD LUCK.....
Monday, March 19, 2012
NIFTY TODAY : EPISODE 67
NIFTY TREND FOR 20/03/2012
Major Resistance Levels : 5333-5395-5436
Major Support Levels : 5204-5163-5101
Short / Middle Term Target : 4950-5010
Market is clearly bearish and Nifty moves towards our short / middle term target. Hence , please keep away from long ( buying ) positions tomorrow .
Nifty opened slightly up and closed at 5257.05 with 1.14% loss. It was seen a bearish market today as we predicted in last episode ( Ref: NIFTY TODAY : EPISODE 66 ) . All sectoral indices closed in red today. RELINFRA was the top loser in Nift.
Increased service tax, excise tax and cess made the market emotional . Apart from that, charts reveal that market is bearish.
GOOD LUCK.....
Major Resistance Levels : 5333-5395-5436
Major Support Levels : 5204-5163-5101
Short / Middle Term Target : 4950-5010
Market is clearly bearish and Nifty moves towards our short / middle term target. Hence , please keep away from long ( buying ) positions tomorrow .
Nifty opened slightly up and closed at 5257.05 with 1.14% loss. It was seen a bearish market today as we predicted in last episode ( Ref: NIFTY TODAY : EPISODE 66 ) . All sectoral indices closed in red today. RELINFRA was the top loser in Nift.
Increased service tax, excise tax and cess made the market emotional . Apart from that, charts reveal that market is bearish.
GOOD LUCK.....
Friday, March 16, 2012
NIFTY TODAY : EPISODE 66
NIFTY TREND FOR 19/03/2012
Major Resistance Levels : 5418-5508-5559
Major Support Levels : 5255-5204-5114
Short / Middle Term Target : 4950-5010
Market is obviously bearish . So, it is good approach to avoid long ( buying ) positions on Monday .
Nifty lost 62 points and closed at 5317.90. Market drew astonishing movements based on union budget as well as technical charts.
Automobile sector showed energy in the upward rally , since expected diesel tax was not implemented. It helped to place M & M and MARUTI in the list of NSE Top 5 Gainers . Besides , it was expected that government would increase tax on tobacco . But, Finance Minister have not declared any hike in tax on tobacco . Thus, ITC became first among the gainers of the nifty.
On the other hand, cess is increased on crude oil. It made CAIRN & ONGC weak today. They included among the NSE Top 5 Losers.
Wonderfully , market gave significance to the technical charts too. Nifty took U - turn from our first resistance level range. Nifty was bearish today as we forecasted yesterday .
GOOD LUCK.....
Major Resistance Levels : 5418-5508-5559
Major Support Levels : 5255-5204-5114
Short / Middle Term Target : 4950-5010
Market is obviously bearish . So, it is good approach to avoid long ( buying ) positions on Monday .
Nifty lost 62 points and closed at 5317.90. Market drew astonishing movements based on union budget as well as technical charts.
Automobile sector showed energy in the upward rally , since expected diesel tax was not implemented. It helped to place M & M and MARUTI in the list of NSE Top 5 Gainers . Besides , it was expected that government would increase tax on tobacco . But, Finance Minister have not declared any hike in tax on tobacco . Thus, ITC became first among the gainers of the nifty.
On the other hand, cess is increased on crude oil. It made CAIRN & ONGC weak today. They included among the NSE Top 5 Losers.
Wonderfully , market gave significance to the technical charts too. Nifty took U - turn from our first resistance level range. Nifty was bearish today as we forecasted yesterday .
GOOD LUCK.....
Thursday, March 15, 2012
NIFTY TODAY : EPISODE 65
NIFTY TREND FOR 16/03/2012
Major Resistance Levels : 5453-5514-5554
Major Support Levels : 5330-5290-5229
Market is bearish . Please avoid long ( buying ) positions tomorrow .
Nifty lost 83 points and closed at 5380.50. Just as mentioned yesterday ( Ref ; NIFTY TODAY : EPISODE 64) the market was bearish today . Bank stocks showed weakness today as RBI's monetary policy regarding rate cuts couldn't make any advantage for banking sector .
Rupees showed a weak trend today . Most probably , it may continue at least for some more trading sessions . It will cause further fall in Indian market. More over, economic surveys reveal that inflation will be a curse for Indian economy and government has to take bitter and strong decisions to tackle this problem .
Lastly , Ms. Mamatha Banarjee, who is a leader of the party which is participated in Central Government, not on good terms with leading party in Central Government . Their understanding became worse after Union Railway Budget . It may evoke some disturbances in government and it may affect the market badly. Thus, one can expect more trading sessions with bearish trend.
GOOD LUCK.....
Major Resistance Levels : 5453-5514-5554
Major Support Levels : 5330-5290-5229
Market is bearish . Please avoid long ( buying ) positions tomorrow .
Nifty lost 83 points and closed at 5380.50. Just as mentioned yesterday ( Ref ; NIFTY TODAY : EPISODE 64) the market was bearish today . Bank stocks showed weakness today as RBI's monetary policy regarding rate cuts couldn't make any advantage for banking sector .
Rupees showed a weak trend today . Most probably , it may continue at least for some more trading sessions . It will cause further fall in Indian market. More over, economic surveys reveal that inflation will be a curse for Indian economy and government has to take bitter and strong decisions to tackle this problem .
Lastly , Ms. Mamatha Banarjee, who is a leader of the party which is participated in Central Government, not on good terms with leading party in Central Government . Their understanding became worse after Union Railway Budget . It may evoke some disturbances in government and it may affect the market badly. Thus, one can expect more trading sessions with bearish trend.
GOOD LUCK.....
NIFTY TODAY : EPISODE 64
NIFTY TREND FOR 15/03/2012
Major Resistance Levels : 5507-5540-5569
Major Support Levels : 5423-5394-5361
Short / Middle Term Target : 4950-5010
Market is still bearish . Please avoid long ( buying ) positions tomorrow .
Nifty opened with a good margin of 60 points and closed at 5463.90 with the gain of 34 points . It was the fourth consecutive market with up trend. Strong trend in global market made Indian market sentimental . Banking sector index showed a remarkable growth as RBI monetary policy review will be conducted on Thursday . PNB & AXIS BANK placed their positions in the list of NSE top five gainers. FII net value were 1659 Cr. It also helped the market to close in green.
Market is basically bearish. In last two market days, it was seen that an openings with heavy margin and then, showed weakness steadily. Obviously , it indicates that market is basically bearish . But, FIIs draw high trading net value in last trading sessions .
FII net value on 9/03/2012 : 1284 Cr
12/03/2012 : 1298 Cr
13/03/2012 : 872 Cr
& 14/03/2012 : 1659 Cr.
It indicates FII buying is huge these days. It is happened due to the positive mood in global markets. But, we can never tell that Indian market is firm now as high inflation rate, low GDP growth , weakening of rupees and so on. Besides , market is bearish . Charts also imply so.
GOOD LUCK.....
Major Resistance Levels : 5507-5540-5569
Major Support Levels : 5423-5394-5361
Short / Middle Term Target : 4950-5010
Market is still bearish . Please avoid long ( buying ) positions tomorrow .
Nifty opened with a good margin of 60 points and closed at 5463.90 with the gain of 34 points . It was the fourth consecutive market with up trend. Strong trend in global market made Indian market sentimental . Banking sector index showed a remarkable growth as RBI monetary policy review will be conducted on Thursday . PNB & AXIS BANK placed their positions in the list of NSE top five gainers. FII net value were 1659 Cr. It also helped the market to close in green.
Market is basically bearish. In last two market days, it was seen that an openings with heavy margin and then, showed weakness steadily. Obviously , it indicates that market is basically bearish . But, FIIs draw high trading net value in last trading sessions .
FII net value on 9/03/2012 : 1284 Cr
12/03/2012 : 1298 Cr
13/03/2012 : 872 Cr
& 14/03/2012 : 1659 Cr.
It indicates FII buying is huge these days. It is happened due to the positive mood in global markets. But, we can never tell that Indian market is firm now as high inflation rate, low GDP growth , weakening of rupees and so on. Besides , market is bearish . Charts also imply so.
GOOD LUCK.....
Wednesday, March 14, 2012
Tuesday, March 13, 2012
NIFTY TODAY : EPISODE 63
NIFTY TREND FOR 14/03/2012
Major Resistance Levels : 5460-5479-5508
Major Support Levels : 5390-5361-5342.
Middle / Short Term Target : 4950-5010
Market is still bearish . It is advisable to avoid long ( buying ) positions tomorrow too.
Nifty ( Closing ) : 5429.50
Nifty opened with a big gap at 5391. Immediately , it reached to our first resistance level ( Ref: NIFTY TODAY : EPISODE 62 ) and it couldn't break that range till closing . As we forecasted yesterday , long positions were not good for last session.
Global markets were up and they brought the positive sentiments to Indian market too. Besides , positive IIP data which published yesterday could help the market for an opening with a hike.
In the Union Budget for financial year 2013, Government may take some bitter , strong and strict decisions due to inflation and low GDP growth. Because , next budget will be presented before the Union election . But, government has to present a populist budget this time , hence some state elections will be conducted in near future. So, government is compelled to make some firm decisions which may not be favourable for the corporate world. Thus, budget may affect market negatively . Therefore, please avoid long term positions now.
GOOD LUCK.....
Monday, March 12, 2012
NIFTY TODAY : EPISODE 62
Nifty ( Closing ) : 5359.55
NIFTY TREND FOR 13/03/2012
Major Resistance Levels : 5422-5474-5517.
Major Support Levels : 5309-5266-5214.
Short / Middle Term Target : 4950-5010.
Nifty increased around half percent and closed at 5359.55. Bank shares fueled the rally today , since RBI cut .75% CRR rate. Besides Index of Industrial Production ( IIP ) marked 4% growth. Manufacturing and electricity based production played major role in IIP growth.
Though RBI cut CRR by .75% , banks have not expressed their willing to reform interest rates. Hence, no other sector can take any benefit from this CRR cutting . Otherwise, RBI or government should instruct the banks to do so in the context where 'upcoming RBI monetary policy' is about to issue on Thursday .
Over and above , there is very less chance to cut CRR rate again in the review which to be held on Thursday . Everybody is waiting for budget eagerly .
Our intraday tip today was to sell nifty futures at 5388. It achieved first target at 5366 and showed low at 5345.30.
Market is still bearish. So, please avoid long ( buying ) positions tomorrow .
GOOD LUCK.....
NIFTY TREND FOR 13/03/2012
Major Resistance Levels : 5422-5474-5517.
Major Support Levels : 5309-5266-5214.
Short / Middle Term Target : 4950-5010.
Nifty increased around half percent and closed at 5359.55. Bank shares fueled the rally today , since RBI cut .75% CRR rate. Besides Index of Industrial Production ( IIP ) marked 4% growth. Manufacturing and electricity based production played major role in IIP growth.
Though RBI cut CRR by .75% , banks have not expressed their willing to reform interest rates. Hence, no other sector can take any benefit from this CRR cutting . Otherwise, RBI or government should instruct the banks to do so in the context where 'upcoming RBI monetary policy' is about to issue on Thursday .
Over and above , there is very less chance to cut CRR rate again in the review which to be held on Thursday . Everybody is waiting for budget eagerly .
Our intraday tip today was to sell nifty futures at 5388. It achieved first target at 5366 and showed low at 5345.30.
Market is still bearish. So, please avoid long ( buying ) positions tomorrow .
GOOD LUCK.....
Friday, March 9, 2012
NIFTY TODAY : EPISODE 61
Nifty ( Closing ) : 5333.55
NIFTY TREND FOR NEXT MARKET
Major Resistance Levels : 5362-5382-5413.
Nifty Support Levels : 5293-5262-5242.
Short / Middle Term Target : 4950-5010.
Nifty opened with a hike and closed at 5333.55. Asian , European and American markets were up today . China showed a slowness in their inflation . It enhanced the Asian markets. Greece decided to receive € 130 billion aid package . It helped to strengthen European markets. Besides, 'good performance of dollar ' enabled American market effectively . All these reasons pull Indian market up with 2.17% increase .
We could a sentiment - based market today . Of course, there are some positive news from some parts of world. But, it is not related to our market directly . Although there is chance to CRR cutting by RBI, we have so many worries about our stability of government , increasing inflation , decreasing GDP and so on.
Over and above, there was low turnover in both equity and F & O. These were 12384 Cr. and 26000 Cr respectively. Even though volumes were less, Nifty showed a hike of 113 points. It implies the possibilities of manipulations behind the hike.
So, traders and investors should be careful. Please avoid long ( buying ) positions as the market is still bearish. Most probably , market will be down at closing of the next major trading session.
GOOD LUCK.....
NIFTY TREND FOR NEXT MARKET
Major Resistance Levels : 5362-5382-5413.
Nifty Support Levels : 5293-5262-5242.
Short / Middle Term Target : 4950-5010.
Nifty opened with a hike and closed at 5333.55. Asian , European and American markets were up today . China showed a slowness in their inflation . It enhanced the Asian markets. Greece decided to receive € 130 billion aid package . It helped to strengthen European markets. Besides, 'good performance of dollar ' enabled American market effectively . All these reasons pull Indian market up with 2.17% increase .
We could a sentiment - based market today . Of course, there are some positive news from some parts of world. But, it is not related to our market directly . Although there is chance to CRR cutting by RBI, we have so many worries about our stability of government , increasing inflation , decreasing GDP and so on.
Over and above, there was low turnover in both equity and F & O. These were 12384 Cr. and 26000 Cr respectively. Even though volumes were less, Nifty showed a hike of 113 points. It implies the possibilities of manipulations behind the hike.
So, traders and investors should be careful. Please avoid long ( buying ) positions as the market is still bearish. Most probably , market will be down at closing of the next major trading session.
GOOD LUCK.....
Thursday, March 8, 2012
NIFTY TODAY : EPISODE 60
Nifty ( Closing ) : 5220.45
NIFTY TREND FOR 09/02/2012
Major Resistance Levels : 5262-5294-5355
Major Support Levels : 5171-5130-5098.
Short / Middle Term Target : 4950-5010.
Nifty ended on a flat note. It lost just 2 points and closed at 5220.45. A rise in indices were seen in the morning session. Then, it decreased up to 5171 and closed with a tiny fall.
FII stat reveals that their net value was -504.59 Cr. They invested for 2240 and withdrew for 2745. This FII net value today was -504.59 Cr . It was very rare this year that FII net value showed a negative value . In February , there was not any day with negative FII net value. It shows the changing tendency among the FIIs. They will not be able to invest in Indian market these days as there are a lot of risk factors here.
Our intraday tip was to sell nifty futures at 5343 and it just showed low at our second target 5301 ( profit 42 points).
Market is bearish .So, it is risky to have long ( buying ) positions on 9th February. Tomorrow holiday .
GOOD LUCK.....
NIFTY TREND FOR 09/02/2012
Major Resistance Levels : 5262-5294-5355
Major Support Levels : 5171-5130-5098.
Short / Middle Term Target : 4950-5010.
Nifty ended on a flat note. It lost just 2 points and closed at 5220.45. A rise in indices were seen in the morning session. Then, it decreased up to 5171 and closed with a tiny fall.
FII stat reveals that their net value was -504.59 Cr. They invested for 2240 and withdrew for 2745. This FII net value today was -504.59 Cr . It was very rare this year that FII net value showed a negative value . In February , there was not any day with negative FII net value. It shows the changing tendency among the FIIs. They will not be able to invest in Indian market these days as there are a lot of risk factors here.
Our intraday tip was to sell nifty futures at 5343 and it just showed low at our second target 5301 ( profit 42 points).
Market is bearish .So, it is risky to have long ( buying ) positions on 9th February. Tomorrow holiday .
GOOD LUCK.....
Wednesday, March 7, 2012
NIFTY TODAY : EPISODE 59
Nifty ( Closing ) : 5222.40
NIFTY TREND FOR 07/03/2012
Major Resistance Levels : 5346-5458-5522.
Major Support Levels : 5146-5082-4970.
Short / Middle Term Target : 4950-5010.
Nifty lost 58 points and closed at 5222.40. The various possibilities of state election results and their consequences have been discussed in previous episodes. Market is still bearish . Please avoid long term positions ( buying ).
GOOD LUCK.....
Monday, March 5, 2012
NIFTY TODAY : EPISODE 58
Nifty ( Closing ) : 5280.35
NIFTY TREND FOR 06/03/2012
Major Resistance Levels : 5340-5388-5419
Major Support Levels : 5237-5206-5158
Short / Middle Term Target : 4950-5010.
Nifty lost 79 points and closed at 5280.35 just as our prediction last day ( Ref: NIFTY TODAY : EPISODE 57 ). Special suggestion was given to avoid long ( buying ) positions .
After a moderate fall , Nifty got good support at our first support level , 5307. Then, it decreased and got support at our second support level until the closing . Nifty showed low at 5265.80 , while , our support level was given at 5266 ( Ref: NIFTY TODAY : EPISODE 57). It shows the accuracy of our prediction.
China's low GDP data made the Asian markets gloomy today . Naturally , it affected Indian market too. The pressure related to U.P. election is too high now. Over and above, charts also reveal that our market is bearish. It is on the way to our target of 4950-5010 day by day.
Market is still bearish and traders should avoid fresh and long positions ( buying ) tomorrow .
GOOD LUCK.....
Sunday, March 4, 2012
NIFTY TODAY : EPISODE 57
Nifty ( Closing ) : 5359.40
NIFTY TREND FOR 05/03/2012
Major Resistance Levels : 5409-5446-5487.
Major Support Levels : 5307-5266-5229.
Short / Middle Term Target : 4950-5010.
Nifty gained only 0.05 in special trading session on Saturday and closed at 5359.40. In this session , nifty moved in a small range in which nifty showed high at 5369.60 and low at 5353.40. The variation was restricted in 16 points.
The Week - CNN IBN - CSDS exit polls predicts S.P. will gain more seats than others with a clear difference . B.S.P. will be on second position with few seats. Congress and B.J.P. will context for third position.They also predict that Uttarakhand for Congress Party. In Punjab, Congress and B.J.P. - Akali alliance will get equal significance after election.
Whatever may be the results , the government won't be able to implement firm reforms as the nation is suffering from inflation , oil price hike , low economic growth and so on.
U.P. is being moved to more political troubles. Ex - State Health Minister , Mr. Kushawa is arrested associated with health scam probe. He is a ruling party leader ( B.S.P. ). This issue may make some extent.
Special trading session which conducted yesterday couldn't make any trend change in the market. Its safe to avoid buying ( long positions ) on Monday .
GOOD LUCK.....
NIFTY TREND FOR 05/03/2012
Major Resistance Levels : 5409-5446-5487.
Major Support Levels : 5307-5266-5229.
Short / Middle Term Target : 4950-5010.
Nifty gained only 0.05 in special trading session on Saturday and closed at 5359.40. In this session , nifty moved in a small range in which nifty showed high at 5369.60 and low at 5353.40. The variation was restricted in 16 points.
The Week - CNN IBN - CSDS exit polls predicts S.P. will gain more seats than others with a clear difference . B.S.P. will be on second position with few seats. Congress and B.J.P. will context for third position.They also predict that Uttarakhand for Congress Party. In Punjab, Congress and B.J.P. - Akali alliance will get equal significance after election.
Whatever may be the results , the government won't be able to implement firm reforms as the nation is suffering from inflation , oil price hike , low economic growth and so on.
U.P. is being moved to more political troubles. Ex - State Health Minister , Mr. Kushawa is arrested associated with health scam probe. He is a ruling party leader ( B.S.P. ). This issue may make some extent.
Special trading session which conducted yesterday couldn't make any trend change in the market. Its safe to avoid buying ( long positions ) on Monday .
GOOD LUCK.....
Friday, March 2, 2012
NIFTY TODAY : EPISODE 56
Nifty ( Closing ) : 5359.35
NIFTY TREND FOR 05/02/2012
Major Resistance Levels : 5409-5446-5487.
Major Support Levels : 5307-5266-5229.
Short / Middle Term Target : 4950-5010.
Nifty closed on a flat note today . It showed high at 5393 which was very close to our first resistance level for the day ( 5387 : Ref. NIFTY TODAY : EPISODE 55 ) and closed at 5359.35 with an increase of 0.37%.
Realty stocks were the losers of the day. DLF was the top loser in NSE. It happened due to the worries regarding the company's financial status .
Investors are much concerned about U.P. election result as well as budget . So, they would be reluctant to have new positions .
It is a wise approach to avoid fresh positions on Monday as the market is uncertain and bearish .
GOOD LUCK.....
NIFTY TREND FOR 05/02/2012
Major Resistance Levels : 5409-5446-5487.
Major Support Levels : 5307-5266-5229.
Short / Middle Term Target : 4950-5010.
Nifty closed on a flat note today . It showed high at 5393 which was very close to our first resistance level for the day ( 5387 : Ref. NIFTY TODAY : EPISODE 55 ) and closed at 5359.35 with an increase of 0.37%.
Realty stocks were the losers of the day. DLF was the top loser in NSE. It happened due to the worries regarding the company's financial status .
Investors are much concerned about U.P. election result as well as budget . So, they would be reluctant to have new positions .
It is a wise approach to avoid fresh positions on Monday as the market is uncertain and bearish .
GOOD LUCK.....
Thursday, March 1, 2012
NIFTY TODAY : EPISODE 55
Nifty ( Closing ) : 5339.75
NIFTY TREND FOR 02-03-2012
Major Resistance Levels : 5387-5423-5462.
Major Support Levels : 5288-5249-5213.
Short / Middle Term Target : 4950-5010.
Nifty lost 45 points and closed at 5339.75. This bearish trend was predicted yesterday ( NIFTY TODAY : EPISODE 54). Nifty gained well support at our first support level, 5327. ( It was given yesterday . Ref: NIFTY TODAY : EPISODE 54).
MARUTI sold 118949 units in February with an increase of 6.5%. It was 111645 in the same month in 2011. This increased sales helped MARUTI to place No.1 among 'NSE Top Gainers '.
The Cabinet allowed buyback facility for PSUs ( Public Sector Undertakings ). This decision may become favour for market.
But, the issues related to oil price hike, increased inflation rate, low GDP rate are still existing . It can evoke bad feelings on market.
Another remarkable thing is that FIIs' net value were -126.52 Cr today . Though it was a small amount, this negative net value did nt show after 30 th January ( FII net value were -201.71 on that day. In this vulnerable context, FIIs may try to sell their positions. If they start selling , market will have to face heavy selling pressure .
Our intraday tip touched our first target. Timely intervention for correction of stop loss helped many traders from loss booking.
Market is bearish and please avoid long positions tomorrow .
GOOD LUCK.....
NIFTY TREND FOR 02-03-2012
Major Resistance Levels : 5387-5423-5462.
Major Support Levels : 5288-5249-5213.
Short / Middle Term Target : 4950-5010.
Nifty lost 45 points and closed at 5339.75. This bearish trend was predicted yesterday ( NIFTY TODAY : EPISODE 54). Nifty gained well support at our first support level, 5327. ( It was given yesterday . Ref: NIFTY TODAY : EPISODE 54).
MARUTI sold 118949 units in February with an increase of 6.5%. It was 111645 in the same month in 2011. This increased sales helped MARUTI to place No.1 among 'NSE Top Gainers '.
The Cabinet allowed buyback facility for PSUs ( Public Sector Undertakings ). This decision may become favour for market.
But, the issues related to oil price hike, increased inflation rate, low GDP rate are still existing . It can evoke bad feelings on market.
Another remarkable thing is that FIIs' net value were -126.52 Cr today . Though it was a small amount, this negative net value did nt show after 30 th January ( FII net value were -201.71 on that day. In this vulnerable context, FIIs may try to sell their positions. If they start selling , market will have to face heavy selling pressure .
Our intraday tip touched our first target. Timely intervention for correction of stop loss helped many traders from loss booking.
Market is bearish and please avoid long positions tomorrow .
GOOD LUCK.....
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