NIFTY TREND FOR 02-05-2012
Major Resistance Levels : 5289-5316-5352
Major Support Levels : 5195-5156-5132
Nifty couldn't get any direction. Flat opening can be expected next session. Hence, positions should be taken only after giving instructions on Tuesday.
Nifty ( Closing ) : 5248.15
Nifty gained 39 points today. IT stocks were the major gainers of the day. Continuous depreciation of Indian Rupees helps IT sector as they can enjoy more benefits from exports.
Oriental Bank of Commerce declared 20.6% decrease in the net profit for last quarter. Nevertheless, Vijaya Bank got 234% hike in their net profit in the same quarter at 180.99 ( 54.23 ).
Anyway, weakening of Indian Rupees is a serious matter nowadays. RBI & Government should take necessary steps to tackle this problem. Otherwise, it may make countless loss to Indian economy.
Inflation is the another major issue to make solution by government. It is a fact that the political equations bring problems to the government frequently. But, strong and hard reforms needed for growth of Indian economy as well as decreasing the budget deficits. Hopefully, Indian economy will be able to draw more growth by good tactics and their implementation.
GOOD LUCK.....
Monday, April 30, 2012
Sunday, April 29, 2012
NIFTY WEEKLY TREND
NIFTY TREND FOR THE WEEK
Major Resistance Levels : 5282-5382-5453
Major Support Levels : 5150-5068-4982
Nifty closed at the neutral zone and it has to take a direction that may upward or downward. Please visit this blog regularly, we will inform you when the market makes the trend.
Nifty Intraday Trend for 30-04-2012 is given in older post "NIFTY TODAY : EPISODE 94".
GOOD LUCK.....
Major Resistance Levels : 5282-5382-5453
Major Support Levels : 5150-5068-4982
Nifty closed at the neutral zone and it has to take a direction that may upward or downward. Please visit this blog regularly, we will inform you when the market makes the trend.
Nifty Intraday Trend for 30-04-2012 is given in older post "NIFTY TODAY : EPISODE 94".
GOOD LUCK.....
Saturday, April 28, 2012
NIFTY TODAY : EPISODE 94
NIFTY TREND FOR 30-04-2012
Major Resistance Levels : 5251-5282-5323
Major Support Levels : 5150-5106-5079
Market couldn't take any direction by last two sessions. Slightly positive opening can be expected on Monday. But, it is advisable that positions should be taken only after getting instructions from us.
Our intraday nifty futures selling call achieved second target ( 54 points profit from a single lot). Its late to analyze Friday session as the channels and newspapers already covered almost the facts. Today's small market session couldn't make any impact to form a trend. If the market is good for intraday trade on Monday, it will be published through this blog.
GOOD LUCK......
Major Resistance Levels : 5251-5282-5323
Major Support Levels : 5150-5106-5079
Market couldn't take any direction by last two sessions. Slightly positive opening can be expected on Monday. But, it is advisable that positions should be taken only after getting instructions from us.
Our intraday nifty futures selling call achieved second target ( 54 points profit from a single lot). Its late to analyze Friday session as the channels and newspapers already covered almost the facts. Today's small market session couldn't make any impact to form a trend. If the market is good for intraday trade on Monday, it will be published through this blog.
GOOD LUCK......
Friday, April 27, 2012
Thursday, April 26, 2012
NIFTY TODAY : EPISODE 93
NIFTY TREND FOR 27-04-2012
Major Resistance Levels : 5226-5250-5266
Major Support Levels : 5157-5138-5118
Nifty closed at exact neutral zone. It couldn't make any direction. Opening session may be steady tomorrow. After that, market has to make it's trend. As the trend is not yet formed, positions should be taken only after getting instructions.
Nifty ( Closing ) : 5189
It was the third consecutive day in which market made marginal move. The high-low range of the nifty constricted to 37 points today.
Due to slower economic growth & increasing budget deficit, Standard & Poor decreased their rating for India yesterday. Indian Finance Minister, Mr. Pranab asserted that India will decrease budget deficit and accelerate the growth. Anyway, it should be recognized that Indian economy is comparatively safe and stable. This rating may compel the government for making reforms. Mr. Pranab stated that government would welcome reforms by withstanding the problems.
GOOD LUCK.....
Major Resistance Levels : 5226-5250-5266
Major Support Levels : 5157-5138-5118
Nifty closed at exact neutral zone. It couldn't make any direction. Opening session may be steady tomorrow. After that, market has to make it's trend. As the trend is not yet formed, positions should be taken only after getting instructions.
Nifty ( Closing ) : 5189
It was the third consecutive day in which market made marginal move. The high-low range of the nifty constricted to 37 points today.
Due to slower economic growth & increasing budget deficit, Standard & Poor decreased their rating for India yesterday. Indian Finance Minister, Mr. Pranab asserted that India will decrease budget deficit and accelerate the growth. Anyway, it should be recognized that Indian economy is comparatively safe and stable. This rating may compel the government for making reforms. Mr. Pranab stated that government would welcome reforms by withstanding the problems.
GOOD LUCK.....
Wednesday, April 25, 2012
NIFTY TODAY : EPISODE 92
NIFTY TREND FOR 26/04/2012
Major Resistance Levels : 5254-5293-5332
Major Support Levels : 5145-5104-5070
Nifty closed at exact neutral zone. It couldn't make any direction after reaching our 'short/ middle term target'. After a specific move, its quiet normal to make some irregular and small moves until taking another direction. But, it is the time for futures and option closing period. So, market may make some quick and unexpected movements as it has no any specific direction for the time. Hence, positions are advisable only after getting instructions tomorrow.
Nifty ( Closing ) : 5202
Though Nifty showed high-low difference of 75points, it closed with just increase of 20points. Market showed some irregular and sideways movements today. It was not good for intraday trade today.
European zone is waiting for election results from France and Greece. It brings political uncertainty up to some extends in the region. Thus, the traders are confused regarding fresh investment in the markets. This may affect Indian markets too.
Moreover, 'Standard & Poor' revised India's rating from stable to negative in the long running. It may stop FIIs from further investment. Consequently, negative growth may be seen in both economy and stock market. Nonetheless, it is a real fact that India shows a steady growth in the past. Investors have less number of markets for safe investment. Thus, they may turn into Indian market as it comparatively cheap and stable one.
GOOD LUCK
Major Resistance Levels : 5254-5293-5332
Major Support Levels : 5145-5104-5070
Nifty closed at exact neutral zone. It couldn't make any direction after reaching our 'short/ middle term target'. After a specific move, its quiet normal to make some irregular and small moves until taking another direction. But, it is the time for futures and option closing period. So, market may make some quick and unexpected movements as it has no any specific direction for the time. Hence, positions are advisable only after getting instructions tomorrow.
Nifty ( Closing ) : 5202
Though Nifty showed high-low difference of 75points, it closed with just increase of 20points. Market showed some irregular and sideways movements today. It was not good for intraday trade today.
European zone is waiting for election results from France and Greece. It brings political uncertainty up to some extends in the region. Thus, the traders are confused regarding fresh investment in the markets. This may affect Indian markets too.
Moreover, 'Standard & Poor' revised India's rating from stable to negative in the long running. It may stop FIIs from further investment. Consequently, negative growth may be seen in both economy and stock market. Nonetheless, it is a real fact that India shows a steady growth in the past. Investors have less number of markets for safe investment. Thus, they may turn into Indian market as it comparatively cheap and stable one.
GOOD LUCK
Tuesday, April 24, 2012
NIFTY TODAY : EPISODE 91
NIFTY TREND FOR 25/04/2012
Major Resistance Levels : 5260-5283-5315
Major Support Levels : 5174-5139-5121
Nifty is at neutral zone . Hence, positions should be taken only after getting instructions tomorrow.
Nifty ( Closing ) : 5222.65
Nifty got a mild gain today. European markets' weakness prevented Indian markets from upward movement.
IT stocks were the major gainers of the day. This sector was in a depression which associated with bad performance of INFY.
Another remarkable issue of the day was huge negative net positions of FIIs. It marked -861 Crs in i single day. This trend was strange for market this year. It should be treated very seriously along with the continuous depreciation of Indian Rupees.
GOOD LUCK.....
Major Resistance Levels : 5260-5283-5315
Major Support Levels : 5174-5139-5121
Nifty is at neutral zone . Hence, positions should be taken only after getting instructions tomorrow.
Nifty ( Closing ) : 5222.65
Nifty got a mild gain today. European markets' weakness prevented Indian markets from upward movement.
IT stocks were the major gainers of the day. This sector was in a depression which associated with bad performance of INFY.
Another remarkable issue of the day was huge negative net positions of FIIs. It marked -861 Crs in i single day. This trend was strange for market this year. It should be treated very seriously along with the continuous depreciation of Indian Rupees.
GOOD LUCK.....
Monday, April 23, 2012
NIFTY TODAY : EPISODE 90
NIFTY TREND FOR 24-04-2012
Major Resistance Levels : 5295-5376-5422
Major Support Levels : 5137-5088-5012
Nifty is strongly bearish below 5251. Long ( buying ) positions is advisable only after giving instructions.
Nifty ( Closing ) : 5200.60
Indian markets showed a virtual blood bath today. Nifty lost 90 points last session. Our Short / Middle Term Target triggered in the closing. It was predicted from 4th April ( Ref : NIFTY TODAY : EPISODE 87 ). Apart from that, Nifty got good support at our First Weekly Support Level as well as Second Support Level.
RPOWER, RCOM & RELINFRA were the top losers in NSE and they lost 6.08%, 5.80% & 5.59% respectively.
European markets opened with a marginal downward gap of 1%. It conveyed weakness towards Indian market too.
Besides, Indian Rupees showed weak trend against dollar. It lost .37 paise ( .71% ) and closed at 52.45. This continuous depreciation of Indian Rupees pull the markets down.
Over and above, the charts justifies this fall and it was clearly predicted before.
GOOD LUCK.....
Major Resistance Levels : 5295-5376-5422
Major Support Levels : 5137-5088-5012
Nifty is strongly bearish below 5251. Long ( buying ) positions is advisable only after giving instructions.
Nifty ( Closing ) : 5200.60
Indian markets showed a virtual blood bath today. Nifty lost 90 points last session. Our Short / Middle Term Target triggered in the closing. It was predicted from 4th April ( Ref : NIFTY TODAY : EPISODE 87 ). Apart from that, Nifty got good support at our First Weekly Support Level as well as Second Support Level.
RPOWER, RCOM & RELINFRA were the top losers in NSE and they lost 6.08%, 5.80% & 5.59% respectively.
European markets opened with a marginal downward gap of 1%. It conveyed weakness towards Indian market too.
Besides, Indian Rupees showed weak trend against dollar. It lost .37 paise ( .71% ) and closed at 52.45. This continuous depreciation of Indian Rupees pull the markets down.
Over and above, the charts justifies this fall and it was clearly predicted before.
GOOD LUCK.....
Sunday, April 22, 2012
NIFTY WEEKLY TREND
NIFTY WEEKLY TREND
Major Resistance Levels : 5370-5431-5520
Major Support Levels : 5196-5113-5043
Short / Middle Term Target : 5190-5210
Nifty increased 84 points ( 1.61% ) and closed at 5290.85 last week. Though market closed at neutral zone, Nifty may get good support at 5264-5283 level.
Intraday trend is given in "NIFTY TODAY : EPISODE 89".
GOOD LUCK.....
Major Resistance Levels : 5370-5431-5520
Major Support Levels : 5196-5113-5043
Short / Middle Term Target : 5190-5210
Nifty increased 84 points ( 1.61% ) and closed at 5290.85 last week. Though market closed at neutral zone, Nifty may get good support at 5264-5283 level.
Intraday trend is given in "NIFTY TODAY : EPISODE 89".
GOOD LUCK.....
Saturday, April 21, 2012
NIFTY TODAY : EPISODE 89
NIFTY TREND FOR 23-04-2012
Major Resistance Levels : 5339-5370-5408
Major Support Levels : 5234-5196-5165
Short / Middle Term Target : 5190-5210
Market closed at a neutral zone on Friday with 41 points.But, external factors may bring market downward. So, positions should be taken only after getting instructions.
Nifty ( Closing ) : 5290.85
US-Economic Data were lower-than-expected which was published on Thursday. It pulled the world market down. Naturally, Indian markets also lost near 1%.
Besides, UBS downgraded Indian equities. It affected all Asian markets except Chinese and Hong Kong markets. In this context,they might be substituted for Indian market.
Apart from that, depreciation of Indian rupees brings worries into Indian markets. It closed at 52.18 on Friday. So, traders should be vigilant on long positions.
GOOD LUCK......
Major Resistance Levels : 5339-5370-5408
Major Support Levels : 5234-5196-5165
Short / Middle Term Target : 5190-5210
Market closed at a neutral zone on Friday with 41 points.But, external factors may bring market downward. So, positions should be taken only after getting instructions.
Nifty ( Closing ) : 5290.85
US-Economic Data were lower-than-expected which was published on Thursday. It pulled the world market down. Naturally, Indian markets also lost near 1%.
Besides, UBS downgraded Indian equities. It affected all Asian markets except Chinese and Hong Kong markets. In this context,they might be substituted for Indian market.
Apart from that, depreciation of Indian rupees brings worries into Indian markets. It closed at 52.18 on Friday. So, traders should be vigilant on long positions.
GOOD LUCK......
Thursday, April 19, 2012
NIFTY TODAY : EPISODE 88
NIFTY TREND FOR 20-04-2012
Major Resistance Levels : 5371-5393-5423
Major Support Levels : 5286-5252-5232
Short / Middle Term Target : 5190-5210
Nifty is at neutral zone now. Positions can be determined only after opening as per instructions.
Nifty ( Closing ) : 5232.40
Nifty increased 0.61% today. The market could absorb the strength from European market. Spain sold bonds for euro 2.54 billion in their auction. It was more than expected as the expectation were 2.5 billion. It helped to make European market as well as Indian market bullish today.
Nonetheless, Indian economy worries regarding the depreciation of national currency. Indian rupees touched its three months low today. It closed 51.92/93. So, long term investment is not safe nowadays.
GOOD LUCK.....
Major Resistance Levels : 5371-5393-5423
Major Support Levels : 5286-5252-5232
Short / Middle Term Target : 5190-5210
Nifty is at neutral zone now. Positions can be determined only after opening as per instructions.
Nifty ( Closing ) : 5232.40
Nifty increased 0.61% today. The market could absorb the strength from European market. Spain sold bonds for euro 2.54 billion in their auction. It was more than expected as the expectation were 2.5 billion. It helped to make European market as well as Indian market bullish today.
Nonetheless, Indian economy worries regarding the depreciation of national currency. Indian rupees touched its three months low today. It closed 51.92/93. So, long term investment is not safe nowadays.
GOOD LUCK.....
Wednesday, April 18, 2012
NIFTY TODAY : EPISODE 87
NIFTY TREND FOR 19-04-2012
Major Resistance Levels : 5350-5381-5399
Major Support Levels : 5266-5244-5214
Short / Middle Term Target : 5190-5210
Nifty is strongly bearish below 5328. Since, long ( buying ) positions should be taken only after getting instruction.
Our intraday tip, NIFTY FUTURES achieved first target today with 26 points profit. While considering of our resistance-support levels, the day's high were our first resistance level exactly.
Nifty ( Closing ) : 5300
Nifty closed on a flat note today with 0.19% increase.
The major reason for bearish market of last trading session was from European market. Especially, there was some problems related to the difference between the borrowing expenses and the quality of assets offered in Spain.
Depreciation of Indian Rupees also pull the market down today. INR lost 31 paise today and dollar closed at 51.79.
As the market is bearish, traders must be careful in long positions.
GOOD LUCK....
Major Resistance Levels : 5350-5381-5399
Major Support Levels : 5266-5244-5214
Short / Middle Term Target : 5190-5210
Nifty is strongly bearish below 5328. Since, long ( buying ) positions should be taken only after getting instruction.
Our intraday tip, NIFTY FUTURES achieved first target today with 26 points profit. While considering of our resistance-support levels, the day's high were our first resistance level exactly.
Nifty ( Closing ) : 5300
Nifty closed on a flat note today with 0.19% increase.
The major reason for bearish market of last trading session was from European market. Especially, there was some problems related to the difference between the borrowing expenses and the quality of assets offered in Spain.
Depreciation of Indian Rupees also pull the market down today. INR lost 31 paise today and dollar closed at 51.79.
As the market is bearish, traders must be careful in long positions.
GOOD LUCK....
Tuesday, April 17, 2012
NIFTY TODAY : EPISODE 86
NIFTY TREND FOR 18-04-2012
Major Resistance Levels : 5341-5375-5431.
Major Support Levels : 5216-5156-5123
Nifty is bullish above 5246. Short ( selling ) positions are advisable only after giving instruction.
Nifty ( Closing ) : 5289.70
Nifty gained remarkable gain with 1.22% increase today. Market showed high volatility today. But, it was not good for intraday trade due to sideways movements.
The main issue of the day was repo rate cut by RBI as a remedy for increased inflation. RBI decreased repo rates by 50 basis points. Thus, it is fixed from 8.5% to 8% now. As a result, reverse repo is determined at 7% and marginal standing facility at 9%. Usually, reverse repo is set 100 basis points below the repo rates and marginal standing facility 100 points above the repo rate. Nevertheless, CRR remains at 4.75% without any change.
Naturally, inflation should be solved by this decision. But, it is not a panacea for the crisis. Government also should take some hard decisions for the improvement of the financial status. But, it is doubtful that government can take necessary steps, since it faces much more political pressure ( especially from their alliance by Thrinamul Congress Party).
In this context, it will be very hard to tackle the inflation, if it remains even after the rate cut. Consequently, RBI stopped the opportunity by 50 basis points rate cut. They could keep some allocation for the future by decreasing only 25 basis points.
Another noticeable special feature of the day was the less responses from bank stocks. AXIS BANK, SBIN & PNB were included in the list of NSE top 5 gainers yesterday. No single bank stock could make the same today. It justifies our assumption. Anyway, we have to wait some more period to realize the fact.
GOOD LUCK.....
Major Resistance Levels : 5341-5375-5431.
Major Support Levels : 5216-5156-5123
Nifty is bullish above 5246. Short ( selling ) positions are advisable only after giving instruction.
Nifty ( Closing ) : 5289.70
Nifty gained remarkable gain with 1.22% increase today. Market showed high volatility today. But, it was not good for intraday trade due to sideways movements.
The main issue of the day was repo rate cut by RBI as a remedy for increased inflation. RBI decreased repo rates by 50 basis points. Thus, it is fixed from 8.5% to 8% now. As a result, reverse repo is determined at 7% and marginal standing facility at 9%. Usually, reverse repo is set 100 basis points below the repo rates and marginal standing facility 100 points above the repo rate. Nevertheless, CRR remains at 4.75% without any change.
Naturally, inflation should be solved by this decision. But, it is not a panacea for the crisis. Government also should take some hard decisions for the improvement of the financial status. But, it is doubtful that government can take necessary steps, since it faces much more political pressure ( especially from their alliance by Thrinamul Congress Party).
In this context, it will be very hard to tackle the inflation, if it remains even after the rate cut. Consequently, RBI stopped the opportunity by 50 basis points rate cut. They could keep some allocation for the future by decreasing only 25 basis points.
Another noticeable special feature of the day was the less responses from bank stocks. AXIS BANK, SBIN & PNB were included in the list of NSE top 5 gainers yesterday. No single bank stock could make the same today. It justifies our assumption. Anyway, we have to wait some more period to realize the fact.
GOOD LUCK.....
Monday, April 16, 2012
NIFTY TODAY : EPISODE 85
NIFTY TREND FOR 17-03-2012
Major Resistance Levels : 5265-5284-5315
Major Support Levels : 5177-5146-5127
Nifty is at neutral zone. So, positions can be determined only after opening. RBI's annual credit policy may affect market tomorrow. It is expected that repo rate may cut 0.25%.
Nifty ( Closing) : 5226.20
Nifty gained 19 points today. Bank stocks were the gainers of the day. AXIS BANK, SBIN & PNB were placed among NSE top 5 gainers. RBI is about to declare annual credit policy tomorrow. Most probably, RBI will cut repo rates 0.25%. This expectation helped bank stocks to close with good gain.
INFY closed at 2369 with 1.40% loss and listed among the NSE top 5 losers fourth consecutive day today.
Inflation decreased slightly from 6.95% in March to 6.89% this month.
GOOD LUCK.....
Major Resistance Levels : 5265-5284-5315
Major Support Levels : 5177-5146-5127
Nifty is at neutral zone. So, positions can be determined only after opening. RBI's annual credit policy may affect market tomorrow. It is expected that repo rate may cut 0.25%.
Nifty ( Closing) : 5226.20
Nifty gained 19 points today. Bank stocks were the gainers of the day. AXIS BANK, SBIN & PNB were placed among NSE top 5 gainers. RBI is about to declare annual credit policy tomorrow. Most probably, RBI will cut repo rates 0.25%. This expectation helped bank stocks to close with good gain.
INFY closed at 2369 with 1.40% loss and listed among the NSE top 5 losers fourth consecutive day today.
Inflation decreased slightly from 6.95% in March to 6.89% this month.
GOOD LUCK.....
Friday, April 13, 2012
NIFTY TODAY : EPISODE 84
NIFTY TREND FOR 16/03/2012
Major Resistance Levels : 5300-5374-5422
Major Support Levels : 5140-5092-5018
Short / Middle Term Target : 4950-5010
Nifty is bearish below 5252. Please avoid long ( buying ) positions on Monday.
USDINR APRIL TREND
Major Resistance Levels : 51.61-51.75-51.83
Major Support Levels : 51.39-51.31-51.17
Nifty ( Closing ) : 5207.45
Nifty lost 69 points today. INFOSYS gave the lower-than-expected guide at 8-10% ( in dollars ). It pulled 13% INFY down and it was the top most loser in NSE. It affected IT sector as well as IT index.
All the major Indian Petroleum Companies assert for increase oil prices as they bear heavy loss each month. The companies vehemently argue that lower price and subsidies stop them from running the business. A leading oil company, Indian Oil Corporation claims for hike of 8 rupees to Petrol. It may bring uncertainty in the Indian market and economy.
GOOD LUCK.....
Major Resistance Levels : 5300-5374-5422
Major Support Levels : 5140-5092-5018
Short / Middle Term Target : 4950-5010
Nifty is bearish below 5252. Please avoid long ( buying ) positions on Monday.
USDINR APRIL TREND
Major Resistance Levels : 51.61-51.75-51.83
Major Support Levels : 51.39-51.31-51.17
Nifty ( Closing ) : 5207.45
Nifty lost 69 points today. INFOSYS gave the lower-than-expected guide at 8-10% ( in dollars ). It pulled 13% INFY down and it was the top most loser in NSE. It affected IT sector as well as IT index.
All the major Indian Petroleum Companies assert for increase oil prices as they bear heavy loss each month. The companies vehemently argue that lower price and subsidies stop them from running the business. A leading oil company, Indian Oil Corporation claims for hike of 8 rupees to Petrol. It may bring uncertainty in the Indian market and economy.
GOOD LUCK.....
Thursday, April 12, 2012
NIFTY TODAY : EPISODE 83
NIFTY TREND FOR 13/04/2012
Major Resistance Levels : 5317-5336-5361
Major Support Levels : 5233-5208-5189
Short / Middle Term Target : 4950-5010
Nifty couldn't get any specific trend. Hence, prediction about 'the movement pattern of nifty' can be traced only after opening tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.83-51.94-52.12
Major Support Levels : 51.54-51.36-51.25
Nifty ( Closing ) : 5276.85
Nifty closed with gains of 50 points today. Global markets closed in mixed range. Asian & American markets closed in green, while, some of European markets closed in red.
Global manufacturing output growth declared at 4.1% which is below the expectation level. It was 6.7% in the same month last year.
After three consecutive selling sessions, FIIs drew their net value 135.98 Crs. positively. It means that it was the only day showed positive net value for FIIs this week. If FIIs sell their positions, Indian market will take much more time to withstand the situation. They sold for 1044 Crs this week and bought positions for 136 Crs today.
GOOD LUCK.....
Major Resistance Levels : 5317-5336-5361
Major Support Levels : 5233-5208-5189
Short / Middle Term Target : 4950-5010
Nifty couldn't get any specific trend. Hence, prediction about 'the movement pattern of nifty' can be traced only after opening tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.83-51.94-52.12
Major Support Levels : 51.54-51.36-51.25
Nifty ( Closing ) : 5276.85
Nifty closed with gains of 50 points today. Global markets closed in mixed range. Asian & American markets closed in green, while, some of European markets closed in red.
Global manufacturing output growth declared at 4.1% which is below the expectation level. It was 6.7% in the same month last year.
After three consecutive selling sessions, FIIs drew their net value 135.98 Crs. positively. It means that it was the only day showed positive net value for FIIs this week. If FIIs sell their positions, Indian market will take much more time to withstand the situation. They sold for 1044 Crs this week and bought positions for 136 Crs today.
GOOD LUCK.....
Wednesday, April 11, 2012
NIFTY TODAY : EPISODE 82
NIFTY TREND FOR 12/04/2012
Major Resistance Levels : 5282-5319-5355
Major Support Levels : 5171-5135-5098
Short / Middle Term Target : 4950-5010
Nifty closed at exact our second support level ( Ref: 'NIFTY WEEKLY TREND' published on 08/04/2012 ) today. Closing level of the day stands on a neutral zone. So, market for the next day can be predicted only after initial session.
USDINR APRIL TREND
Major Resistance Levels : 51.90-52.16-52.32
Major Support Levels : 51.48-51.32-51.06
Nifty ( Closing ) : 5226.85
Nifty closed today with mild loss. Afternoon session was leaded by fear as tsunami alert was given to the Indian coastal areas followed by earthquake in Indonesia.
Cement Manufacturers' Association declared that cement companies got 6% increase in their sales. Ironically, ACC & AMBCEMENT were the top most losers in NSE.
Indian rupees couldn't get relief from its depreciation.
Apex court allowed 3 months time to SEBI for taking the decision over the application from MCX-SX ( MCX Stock Exchange Limited. Now MCX-SX is associated with currency derivatives only.
GOOD LUCK.....
Major Resistance Levels : 5282-5319-5355
Major Support Levels : 5171-5135-5098
Short / Middle Term Target : 4950-5010
Nifty closed at exact our second support level ( Ref: 'NIFTY WEEKLY TREND' published on 08/04/2012 ) today. Closing level of the day stands on a neutral zone. So, market for the next day can be predicted only after initial session.
USDINR APRIL TREND
Major Resistance Levels : 51.90-52.16-52.32
Major Support Levels : 51.48-51.32-51.06
Nifty ( Closing ) : 5226.85
Nifty closed today with mild loss. Afternoon session was leaded by fear as tsunami alert was given to the Indian coastal areas followed by earthquake in Indonesia.
Cement Manufacturers' Association declared that cement companies got 6% increase in their sales. Ironically, ACC & AMBCEMENT were the top most losers in NSE.
Indian rupees couldn't get relief from its depreciation.
Apex court allowed 3 months time to SEBI for taking the decision over the application from MCX-SX ( MCX Stock Exchange Limited. Now MCX-SX is associated with currency derivatives only.
GOOD LUCK.....
Tuesday, April 10, 2012
NIFTY TODAY : EPISODE 81
NIFTY TREND FOR 11/04/2012
Major Resistance Levels : 5283-5302-5327
Major Support Levels : 5197-5172-5153
Short / Middle Term Target : 4950-5010
Nifty closed in a neutral zone. After opening moves only, we can predict about the market tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.83-51.98-52.25
Major Support Levels : 51.41-51.14-50.99
Nifty ( Closing ) : 5243.60
Nifty ended on a flat note with the increase of 9 points today. Our first support level, 5212 drew today's low.
Market accepted mixed emotions today. Most of the European indices closed in red in their last trading session. It prevented Indian indices from going upward.
On the other hand, FMCG stocks performed very well as they expect a good mansoon this year.
Anyway, traders should be vigilant about the fact that continuous depreciation of Indian Rupees. It lost .48% in a single trading session today.
GOOD LUCK.....
Major Resistance Levels : 5283-5302-5327
Major Support Levels : 5197-5172-5153
Short / Middle Term Target : 4950-5010
Nifty closed in a neutral zone. After opening moves only, we can predict about the market tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.83-51.98-52.25
Major Support Levels : 51.41-51.14-50.99
Nifty ( Closing ) : 5243.60
Nifty ended on a flat note with the increase of 9 points today. Our first support level, 5212 drew today's low.
Market accepted mixed emotions today. Most of the European indices closed in red in their last trading session. It prevented Indian indices from going upward.
On the other hand, FMCG stocks performed very well as they expect a good mansoon this year.
Anyway, traders should be vigilant about the fact that continuous depreciation of Indian Rupees. It lost .48% in a single trading session today.
GOOD LUCK.....
Monday, April 9, 2012
NIFTY TODAY : EPISODE 80
NIFTY TREND FOR 10/04/2012
Major Resistance Levels : 5293-5331-5353
Major Support Levels : 5212-5190-5152
Short / Middle Term Target : 4950-5010
Nifty is clearly bearish now. It will remain below 5271. So, long ( buying ) positions are not safe tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.58-51.74-51.83
Major Support Levels : 51.33-51.24-51.08
Nifty ( Closing ) : 5234.40
Nifty showed a virtual blood bath today. It lost 1.66% last trading session. Healthcare and Pharma stocks were the gainers today. Remaining all sectors closed in red.
Weak US employment data affected all the market and their indices. Asian, American and European markets showed a down trend last trading session. Now, the charts also claim for a bearish market. Inflation and politically weak government may pull the market further downwards.
GOOD LUCK.....
Major Resistance Levels : 5293-5331-5353
Major Support Levels : 5212-5190-5152
Short / Middle Term Target : 4950-5010
Nifty is clearly bearish now. It will remain below 5271. So, long ( buying ) positions are not safe tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.58-51.74-51.83
Major Support Levels : 51.33-51.24-51.08
Nifty ( Closing ) : 5234.40
Nifty showed a virtual blood bath today. It lost 1.66% last trading session. Healthcare and Pharma stocks were the gainers today. Remaining all sectors closed in red.
Weak US employment data affected all the market and their indices. Asian, American and European markets showed a down trend last trading session. Now, the charts also claim for a bearish market. Inflation and politically weak government may pull the market further downwards.
GOOD LUCK.....
Sunday, April 8, 2012
NIFTY WEEKLY TREND
Nifty gained only 26 points last week and closed at 5322.90. Nifty is in neutral zone at current level. It has to take direction soon.
Major Resistance Levels : 5380-5427-5475
Major Support Levels : 5270-5227-5175
Short / Middle Term Target : 4950-5010
Nifty trend for Monday is given in previous episode ( NIFTY TODAY : EPISODE 79)
GOOD LUCK.....
Major Resistance Levels : 5380-5427-5475
Major Support Levels : 5270-5227-5175
Short / Middle Term Target : 4950-5010
Nifty trend for Monday is given in previous episode ( NIFTY TODAY : EPISODE 79)
GOOD LUCK.....
Wednesday, April 4, 2012
NIFTY TODAY : EPISODE 79
NIFTY TREND FOR 09/04/2012
Major Resistance Levels : 5357-5373-5390
Major Support Levels : 5288-5271-5255
Short / Middle Term Target : 4950-5010
Nifty is neutral now. So, decision should be taken only after the opening session. The initial period will draw the trend for the day on Monday.
USDINR APRIL TREND
Major Resistance Levels : 51.55-51.74-51.99
Major Support Levels : 51.11-50.86-50.67
Nifty ( Closing ) : 5322.90
Nifty decreased 0.66% today. Nifty moved in a small range of 33 points today ( High : 5338 & Low : 5305 ). NSE has four consecutive holidays from tomorrow. So, traders were not willing to hold any long / short positions. It made Indian markets uncertain today.
The weak trend in European market affected Indian market too. Depreciation of Indian rupees was the another reason for weak market.
Major Resistance Levels : 5357-5373-5390
Major Support Levels : 5288-5271-5255
Short / Middle Term Target : 4950-5010
Nifty is neutral now. So, decision should be taken only after the opening session. The initial period will draw the trend for the day on Monday.
USDINR APRIL TREND
Major Resistance Levels : 51.55-51.74-51.99
Major Support Levels : 51.11-50.86-50.67
Nifty ( Closing ) : 5322.90
Nifty decreased 0.66% today. Nifty moved in a small range of 33 points today ( High : 5338 & Low : 5305 ). NSE has four consecutive holidays from tomorrow. So, traders were not willing to hold any long / short positions. It made Indian markets uncertain today.
The weak trend in European market affected Indian market too. Depreciation of Indian rupees was the another reason for weak market.
Tuesday, April 3, 2012
NIFTY TODAY : EPISODE 78
NIFTY TREND FOR 04/04/2012
Major Resistance Levels : 5396-5414-5431
Major Support Levels : 5325-5308-5290
Short/Middle Term Target : 4950-5010
Nifty is neutral now. Most probably, it may turn as bearish at the trading session tomorrow. So, long positions are not advisable for the trade tomorrow.
USDINR APRIL TREND FOR NEXT TRADING SESSION :
Major Resistance Levels : 51.10-51.20-51.37
Major Support Levels : 50.83-50.66-50.56
Nifty ( closing ) : 5358.50
Nifty increased 40 points today. Both FIIs and DIIs drew a positive net value for the day ( 332.47 Crs. & 200.28 Crs. rupees respectively. Indian market absorbed strength from global markets.
Nonetheless, India's trade deficit marked at $15.2 billion in February. Exports gained $24.62 billion with a slight growth of 4.28%, whereas, imports hiked by 20.65% to $39.78 billion. It may make some negative impact on Indian economy and Indian capital market. So, traders should take wise approach to withstand the situation.
GOOD LUCK.....
Major Resistance Levels : 5396-5414-5431
Major Support Levels : 5325-5308-5290
Short/Middle Term Target : 4950-5010
Nifty is neutral now. Most probably, it may turn as bearish at the trading session tomorrow. So, long positions are not advisable for the trade tomorrow.
USDINR APRIL TREND FOR NEXT TRADING SESSION :
Major Resistance Levels : 51.10-51.20-51.37
Major Support Levels : 50.83-50.66-50.56
Nifty ( closing ) : 5358.50
Nifty increased 40 points today. Both FIIs and DIIs drew a positive net value for the day ( 332.47 Crs. & 200.28 Crs. rupees respectively. Indian market absorbed strength from global markets.
Nonetheless, India's trade deficit marked at $15.2 billion in February. Exports gained $24.62 billion with a slight growth of 4.28%, whereas, imports hiked by 20.65% to $39.78 billion. It may make some negative impact on Indian economy and Indian capital market. So, traders should take wise approach to withstand the situation.
GOOD LUCK.....
Monday, April 2, 2012
NIFTY TODAY : EPISODE 77
NIFTY TREND FOR 03/04/2012
Major Resistance Levels : 5359-5381-5412
Major Support Levels : 5270-5239-5217
Short/Middle Term Target : 4950-5010
Nifty is bearish. It may close more than 1% down tomorrow . Hence, traders have to avoid long ( buying ) positions tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.55-51.86-52.08
Major Support Levels : 51.02-50.80-50.49
Nifty ( Closing ) : 5317.90
Nifty closed slightly up with 0.42% gain today. Metal, Pharmacy, Health care and Energy stocks showed a weak trend today.
'The tax avoidance on P-notes' helped the indigenous markets to close in green. Of course, it is a fair news for the market.
On the other hand, there are so many negative news associated with the market. India's PMI data showed a slower growth last month. It is compelled the RBI to cut the interest rates. But, rates cut is not easy for RBI in this financially hard time. It may create uncertainty in Indian economy.
Besides, China's bad manufacturing data makes a negative impact on Asian market. These all factors may pull the market down.
GOOD LUCK.....
Major Resistance Levels : 5359-5381-5412
Major Support Levels : 5270-5239-5217
Short/Middle Term Target : 4950-5010
Nifty is bearish. It may close more than 1% down tomorrow . Hence, traders have to avoid long ( buying ) positions tomorrow.
USDINR APRIL TREND
Major Resistance Levels : 51.55-51.86-52.08
Major Support Levels : 51.02-50.80-50.49
Nifty ( Closing ) : 5317.90
Nifty closed slightly up with 0.42% gain today. Metal, Pharmacy, Health care and Energy stocks showed a weak trend today.
'The tax avoidance on P-notes' helped the indigenous markets to close in green. Of course, it is a fair news for the market.
On the other hand, there are so many negative news associated with the market. India's PMI data showed a slower growth last month. It is compelled the RBI to cut the interest rates. But, rates cut is not easy for RBI in this financially hard time. It may create uncertainty in Indian economy.
Besides, China's bad manufacturing data makes a negative impact on Asian market. These all factors may pull the market down.
GOOD LUCK.....
Sunday, April 1, 2012
NIFTY WEEKLY TREND
NIFTY WEEKLY TREND
NIFTY IS BEARISH BELOW 5246.
MAJOR RESISTANCE LEVELS : 5356-5417-5527
MAJOR SUPPORT LEVELS : 5185-5075-5014
( Data for intraday is given in "NIFTY TODAY : EPISODE 76" )
NIFTY IS BEARISH BELOW 5246.
MAJOR RESISTANCE LEVELS : 5356-5417-5527
MAJOR SUPPORT LEVELS : 5185-5075-5014
( Data for intraday is given in "NIFTY TODAY : EPISODE 76" )
Subscribe to:
Posts (Atom)