NIFTY TREND FOR 31-05-2012
Major Resistance Levels : 4986-5011-5025
Major Support Levels : 4921-4906-4881
Market is clearly bullish . But, there may be seen some uncertain moves as future and option settlement date comes tomorrow.
Nifty ( Closing ) : 4950.75
Nifty lost 39 points today. European and Asian markets showed poor performance today. Most of them were down by 1% or above. It brought depression in Indian markets too.
Moreover, Indian rupees couldn't get stability today. Although it marked 55.15, it couldn't stay there. It also affected Indian markets negatively.
Over and above, market showed uncertain and irregular moves due to the closeness of future and option settlement date. Anyway, market may move upward , since it is bullish.
GOOD LUCK........!
Wednesday, May 30, 2012
NIFTY TODAY : EPISODE 115
NIFTY TREND FOR 30-05-2012
Major Resistance Levels : 5025-5050-5065
Major Support Levels : 4959-4943-4918
Nifty ( Closing ) : 4990.10
Nifty closed on a flat note. It gained only 4.45 points.
Rupees showed week trend against dollar again. It closed at 55.67 last session. Nifty showed irregular and insignificant movements. The main reason is the uncertainty related to upcoming future and option settlement date. So, most of the traders showed some hesitation to get fresh positions. But, next session will be lively as there are so many positions to settle.
GOOD LUCK........
Major Resistance Levels : 5025-5050-5065
Major Support Levels : 4959-4943-4918
Nifty ( Closing ) : 4990.10
Nifty closed on a flat note. It gained only 4.45 points.
Rupees showed week trend against dollar again. It closed at 55.67 last session. Nifty showed irregular and insignificant movements. The main reason is the uncertainty related to upcoming future and option settlement date. So, most of the traders showed some hesitation to get fresh positions. But, next session will be lively as there are so many positions to settle.
GOOD LUCK........
Monday, May 28, 2012
NIFTY TODAY : EPISODE 114
NIFTY TREND FOR 29-05-2012
Major Resistance Levels : 5024-5050-5090
Major Support Levels : 4932-4891-4865
Nifty ( Closing ) : 4985.65
Nifty gained 65 points today. Bank stocks showed a strong upward movement. SBI performs very well even a week after the declaration of result.
On the other hand, fuel companies performed a bad performance today as the ministry stated that Diesel, LPG & Kerosene prices wont increase soon. But, it is good for decreasing the inflation.
Anyway, nifty moves towards our short / middle term target, 5100-5150 range.
GOOD LUCK......
Major Resistance Levels : 5024-5050-5090
Major Support Levels : 4932-4891-4865
Nifty ( Closing ) : 4985.65
Nifty gained 65 points today. Bank stocks showed a strong upward movement. SBI performs very well even a week after the declaration of result.
On the other hand, fuel companies performed a bad performance today as the ministry stated that Diesel, LPG & Kerosene prices wont increase soon. But, it is good for decreasing the inflation.
Anyway, nifty moves towards our short / middle term target, 5100-5150 range.
GOOD LUCK......
Sunday, May 27, 2012
NIFTY TODAY : EPISODE 113
NIFTY TREND FOR 28-05-2012
Major Resistance Levels : 4954-4977-5004
Major Support Levels : 4879-4852-4829
Nifty ( Closing ) : 4920.40
Nifty closed on a flat note on Friday. The closing range is exactly in neutral zone.
Depreciation of Indian Rupees was the major crisis for Indian markets. But, Rupees started to gain its strength last trading sessions as the exporters began to sell dollars. It will help to make good gain in Indian markets.
Besides, Indian markets were over sold. A strong correction can be expected in near future. Over and above, charts also reveal that Nifty may touch 5100-5150 level on short / middle term basis.
GOOD LUCK......
Major Resistance Levels : 4954-4977-5004
Major Support Levels : 4879-4852-4829
Nifty ( Closing ) : 4920.40
Nifty closed on a flat note on Friday. The closing range is exactly in neutral zone.
Depreciation of Indian Rupees was the major crisis for Indian markets. But, Rupees started to gain its strength last trading sessions as the exporters began to sell dollars. It will help to make good gain in Indian markets.
Besides, Indian markets were over sold. A strong correction can be expected in near future. Over and above, charts also reveal that Nifty may touch 5100-5150 level on short / middle term basis.
GOOD LUCK......
Thursday, May 24, 2012
NIFTY TODAY : EPISODE 112
NIFTY TREND FOR 25-05-2012
Major Resistance Levels : 4971-5011-5076
Major Support Levels : 4841-4776-4736
Nifty ( Closing ) : 4921.40
Nifty kept an increasing trend immediately after opening session and it extended up to closing. All major indices were closed in green today.
Rupees opened at 56.20 against dollars and showed low at 56.38 today. But, Rupees could close at 55.64, a strong level. The strengthening of Rupees helped the nifty to gain 86 points by closing.
Moreover, markets got good short-covering as they were oversold last days. Nifty may go up in coming market days.
GOOD LUCK.......
Major Resistance Levels : 4971-5011-5076
Major Support Levels : 4841-4776-4736
Nifty ( Closing ) : 4921.40
Nifty kept an increasing trend immediately after opening session and it extended up to closing. All major indices were closed in green today.
Rupees opened at 56.20 against dollars and showed low at 56.38 today. But, Rupees could close at 55.64, a strong level. The strengthening of Rupees helped the nifty to gain 86 points by closing.
Moreover, markets got good short-covering as they were oversold last days. Nifty may go up in coming market days.
GOOD LUCK.......
NIFTY TODAY : EPISODE 112
NIFTY TREND FOR 25-05-2012
Major Resistance Levels : 4971-5011-5076
Major Support Levels : 4841-4776-4736
Nifty ( Closing ) : 4921.40
Nifty kept an increasing trend immediately after opening session and it extended up to closing. All major indices were closed in green today.
Rupees opened at 56.20 against dollars and showed low at 56.38 today. But, Rupees could close at 55.64, a strong level. The strengthening of Rupees helped the nifty to gain 86 points by closing.
Moreover, markets got good short-covering as they were oversold last days. Nifty may go up in coming market days.
GOOD LUCK.......
Major Resistance Levels : 4971-5011-5076
Major Support Levels : 4841-4776-4736
Nifty ( Closing ) : 4921.40
Nifty kept an increasing trend immediately after opening session and it extended up to closing. All major indices were closed in green today.
Rupees opened at 56.20 against dollars and showed low at 56.38 today. But, Rupees could close at 55.64, a strong level. The strengthening of Rupees helped the nifty to gain 86 points by closing.
Moreover, markets got good short-covering as they were oversold last days. Nifty may go up in coming market days.
GOOD LUCK.......
Wednesday, May 23, 2012
NIFTY TODAY : EPISODE 111
NIFTY TREND FOR 24-05-2012
Major Resistance Levels : 4871-4896-4923
Major Support Levels : 4793-4765-4740
Nifty ( Closing ) : 4835.65
Nifty lost 25 points today. The major problem nifty faced is that continuous depreciation of Indian Rupees against dollar. Everybody expected that RBI will supply dollars at 55.75 and it would prevent Rupees from further fall. But, nothing happened today. Rupees fell down to historical low rate at 56.22 in a stage and closed at 56.
Government and RBI are responsible for the present crisis. They had to act at previous stage as it is not easy at last hour. Government must open special counters for Oil Marketing Companies and exporters. If they do so, it can tackle the problem up to some extends. Especially, it is urgently needed in the situation which Indian markets are about to make correction.
GOOD LUCK........
Major Resistance Levels : 4871-4896-4923
Major Support Levels : 4793-4765-4740
Nifty ( Closing ) : 4835.65
Nifty lost 25 points today. The major problem nifty faced is that continuous depreciation of Indian Rupees against dollar. Everybody expected that RBI will supply dollars at 55.75 and it would prevent Rupees from further fall. But, nothing happened today. Rupees fell down to historical low rate at 56.22 in a stage and closed at 56.
Government and RBI are responsible for the present crisis. They had to act at previous stage as it is not easy at last hour. Government must open special counters for Oil Marketing Companies and exporters. If they do so, it can tackle the problem up to some extends. Especially, it is urgently needed in the situation which Indian markets are about to make correction.
GOOD LUCK........
Tuesday, May 22, 2012
NIFTY TODAY : EPISODE 110
NIFTY TREND FOR 23-05-2012
Major Resistance Levels : 4941-5010-5049
Major Support Levels : 4807-4767-4698
Nifty ( Closing ) : 4860.50
Nifty started trade with a good positive gap of 50 points today as the most of Asian markets were up by 1% in the morning. It could withstand from a fall till noon. European markets also opened with strong position.
Nevertheless, the picture was turned after some time. Idian Rupees lost its strength steadily, since importers collected dollar in a huge quantity. They hurried to owe dollars before implementation of strict curb from government and RBI. It made Indian Rupees in a worst stage. Rupees recorded its all time low against dollar at 55.39.
Neither expression of worries from Indian Finance Minister nor consolations from RBI would make any impact on the trouble. It is the real time to perform their duties related to the stability of Indian economy.
GOOD LUCK.........
Major Resistance Levels : 4941-5010-5049
Major Support Levels : 4807-4767-4698
Nifty ( Closing ) : 4860.50
Nifty started trade with a good positive gap of 50 points today as the most of Asian markets were up by 1% in the morning. It could withstand from a fall till noon. European markets also opened with strong position.
Nevertheless, the picture was turned after some time. Idian Rupees lost its strength steadily, since importers collected dollar in a huge quantity. They hurried to owe dollars before implementation of strict curb from government and RBI. It made Indian Rupees in a worst stage. Rupees recorded its all time low against dollar at 55.39.
Neither expression of worries from Indian Finance Minister nor consolations from RBI would make any impact on the trouble. It is the real time to perform their duties related to the stability of Indian economy.
GOOD LUCK.........
Monday, May 21, 2012
NIFTY TODAY : EPISODE 109
NIFTY TREND FOR 22-05-2012
Major Resistance Levels : 4946-4976-4999
Major Support Levels : 4869-4844-4816
Nifty may move to 5100-5150 range on short / middle term basis.
Nifty ( Closing ) : 4906.05
Nifty opened steadily and it made many irregular movements before closing. It closed with mild gain of 0.30%. European and Asian markets showed a steady opening. It tempted Indian markets to open on a flat note.
In the closing session, Indian Rupees were in a horrible stage. It showed all time low at 54.89 against dollar. The depreciation of Indian Rupees became a major and unfavourable happening for Indian markets. Indian Finance Minister, Mr. Pranab Mukherjee shared worries regarding continuous depreciation of Rupees yesterday. But, a mere comment of worries is not enough from Finance Minister. They have to make sufficient intervention to tackle this severe problem. RBI also is responsible in this matter. Hopefully, this crisis will be eliminated by reasonable approach.
GOOD LUCK........
Major Resistance Levels : 4946-4976-4999
Major Support Levels : 4869-4844-4816
Nifty may move to 5100-5150 range on short / middle term basis.
Nifty ( Closing ) : 4906.05
Nifty opened steadily and it made many irregular movements before closing. It closed with mild gain of 0.30%. European and Asian markets showed a steady opening. It tempted Indian markets to open on a flat note.
In the closing session, Indian Rupees were in a horrible stage. It showed all time low at 54.89 against dollar. The depreciation of Indian Rupees became a major and unfavourable happening for Indian markets. Indian Finance Minister, Mr. Pranab Mukherjee shared worries regarding continuous depreciation of Rupees yesterday. But, a mere comment of worries is not enough from Finance Minister. They have to make sufficient intervention to tackle this severe problem. RBI also is responsible in this matter. Hopefully, this crisis will be eliminated by reasonable approach.
GOOD LUCK........
Sunday, May 20, 2012
NIFTY TODAY : EPISODE 108
NIFTY TREND FOR 21-05-2012
Major Resistance Levels : 4950-4999-5073
Major Support Levels : 4802-4726-4679
Nifty ( Closing ) : 4891.45
Nifty opened with a huge negative gap, since Asian markets were too weak. But, immediately after declaration of SBIN result, Indian markets showed a steady and strong upward movement. It helped them to close in green. Only Indian markets could close positively among all the other markets including Asian and European markets. It indicates that Indian markets are still good for further investment. When most of the markets facing severe depression, they may see Indian markets as a good alternative option. This may bring further investment here.
GOOD LUCK.........
Major Resistance Levels : 4950-4999-5073
Major Support Levels : 4802-4726-4679
Nifty ( Closing ) : 4891.45
Nifty opened with a huge negative gap, since Asian markets were too weak. But, immediately after declaration of SBIN result, Indian markets showed a steady and strong upward movement. It helped them to close in green. Only Indian markets could close positively among all the other markets including Asian and European markets. It indicates that Indian markets are still good for further investment. When most of the markets facing severe depression, they may see Indian markets as a good alternative option. This may bring further investment here.
GOOD LUCK.........
Friday, May 18, 2012
Thursday, May 17, 2012
NIFTY TODAY : EPISODE 107
NIFTY TREND FOR 18-05-2012
Major Resistance Levels : 4926-4970-5001
Major Support Levels : 4825-4792-4750
Nifty ( Closing ) : 4870
Nifty opened with a positive gap and were strong at the initial trading hours. But, the weak foreign markets affected Indian markets too. Nifty started its downward movement immediately after the opening of European markets.
Federal Reserve expressed that US economy is needed further intervention. In other words, the present intervention is not at satisfied level. This feeling affected the world market.
Besides, ECB stopped loans to some of the Greek banks. There is already a policy based conflict in Europe. If any classification occurs based on the above issue, it may bring ill effects in all European countries. In this era of globalization, India depends European Zone in commercial and technological aspects.
Anyway, Indian markets could escape from a world wide depression in trading.
GOOD LUCK.......
Major Resistance Levels : 4926-4970-5001
Major Support Levels : 4825-4792-4750
Nifty ( Closing ) : 4870
Nifty opened with a positive gap and were strong at the initial trading hours. But, the weak foreign markets affected Indian markets too. Nifty started its downward movement immediately after the opening of European markets.
Federal Reserve expressed that US economy is needed further intervention. In other words, the present intervention is not at satisfied level. This feeling affected the world market.
Besides, ECB stopped loans to some of the Greek banks. There is already a policy based conflict in Europe. If any classification occurs based on the above issue, it may bring ill effects in all European countries. In this era of globalization, India depends European Zone in commercial and technological aspects.
Anyway, Indian markets could escape from a world wide depression in trading.
GOOD LUCK.......
Wednesday, May 16, 2012
NIFTY TODAY : EPISODE 106
NIFTY TREND FOR 17-05-2012
Major Resistance Levels : 4895-4921-4943
Major Support Levels : 4820-4797-4772
Nifty ( Closing ) : 4858.25
Nifty opened with a huge negative gap and closed at 4858 with 1.71% down. World markets traded in a negative zone today . It made influence on Indian markets too.
Moreover, depreciation of Indian Rupees were the another major reason for a weak domestic market. Indian Rupees reached at historical low, 54.56 against dollar. At last, it closed at 54.50 with a slight increase from the low. RBI implemented some efforts to tackle this problem such as exchange earner account, back overnight limit and so on. Though it couldn't make any impact, it is thought that it will take little time for settle the problem. Anyway, RBI had to intervene early as it is difficult to manage at last hour. We may hope that Rupees will be strong in near future.
GOOD LUCK......
Major Resistance Levels : 4895-4921-4943
Major Support Levels : 4820-4797-4772
Nifty ( Closing ) : 4858.25
Nifty opened with a huge negative gap and closed at 4858 with 1.71% down. World markets traded in a negative zone today . It made influence on Indian markets too.
Moreover, depreciation of Indian Rupees were the another major reason for a weak domestic market. Indian Rupees reached at historical low, 54.56 against dollar. At last, it closed at 54.50 with a slight increase from the low. RBI implemented some efforts to tackle this problem such as exchange earner account, back overnight limit and so on. Though it couldn't make any impact, it is thought that it will take little time for settle the problem. Anyway, RBI had to intervene early as it is difficult to manage at last hour. We may hope that Rupees will be strong in near future.
GOOD LUCK......
Tuesday, May 15, 2012
NIFTY TODAY : EPISODE 105
NIFTY TREND FOR 16-05-2012
Major Resistance Levels : 4989-5025-5078
Major Support Levels : 4873-4817-4784
Nifty ( Closing ) : 4942.80
Nifty moved in both directions and closed in green with 35 points gain. Closing with gain was predicted yesterday. Indian Rupees still stand at weak level. It closed at 53.79 against dollar today. Besides, worries regarding the possibility for oil price hike make negative impact on markets. In the context of increased headline inflation, oil price hike will be a problem for Indian economy.
On the other hand, the expectations regarding good monsoon will be helpful for an optimist. If it happens so, it will be fruitful for having a good economic balance in the country .
GOOD LUCK.......
Major Resistance Levels : 4989-5025-5078
Major Support Levels : 4873-4817-4784
Nifty ( Closing ) : 4942.80
Nifty moved in both directions and closed in green with 35 points gain. Closing with gain was predicted yesterday. Indian Rupees still stand at weak level. It closed at 53.79 against dollar today. Besides, worries regarding the possibility for oil price hike make negative impact on markets. In the context of increased headline inflation, oil price hike will be a problem for Indian economy.
On the other hand, the expectations regarding good monsoon will be helpful for an optimist. If it happens so, it will be fruitful for having a good economic balance in the country .
GOOD LUCK.......
Monday, May 14, 2012
NIFTY TODAY : EPISODE 104
NIFTY TREND FOR 15-05-2012
Major Resistance Levels : 4967-5014-5053
Major Support Levels : 4851-4811-4767
Most probably, nifty may close in green tomorrow.
Nifty ( Closing ) : 4907.80
Nifty showed irregular movements upward and downward today. India's headline inflation recorded at 7.23% in April. It was figured at 6.89% last month. The increasing inflation pulled the market down.
Moreover, Indian markets affected negatively by the influence of world markets. All major European indices ( including DAX, FTSE & CAC ) showed 2-2.5% down in opening session. Besides, weak Asian markets could make negative impact on Indian markets.
Nevertheless, Nifty closed with mild loss of 21 points. All the indigenous and foreign factors were against the Indian markets. But, nifty could prevent a heavy fall today. It shows the strength of nifty this level. It may come further down. Anyway, there is very very less chance for closing nifty in red tomorrow.
GOOD LUCK......
Major Resistance Levels : 4967-5014-5053
Major Support Levels : 4851-4811-4767
Most probably, nifty may close in green tomorrow.
Nifty ( Closing ) : 4907.80
Nifty showed irregular movements upward and downward today. India's headline inflation recorded at 7.23% in April. It was figured at 6.89% last month. The increasing inflation pulled the market down.
Moreover, Indian markets affected negatively by the influence of world markets. All major European indices ( including DAX, FTSE & CAC ) showed 2-2.5% down in opening session. Besides, weak Asian markets could make negative impact on Indian markets.
Nevertheless, Nifty closed with mild loss of 21 points. All the indigenous and foreign factors were against the Indian markets. But, nifty could prevent a heavy fall today. It shows the strength of nifty this level. It may come further down. Anyway, there is very very less chance for closing nifty in red tomorrow.
GOOD LUCK......
Sunday, May 13, 2012
NIFTY WEEKLY TREND
NIFTY WEEKLY TREND
Major Resistance Levels : 5068-5206-5287
Major Support Levels: 4849-4768-4630
Nifty weekly chart reveals that Nifty is bearish below 4987. But, there may be seen positive closing tomorrow.
*Nifty trend for 14-05-2012 is already published ( please click 'older post' or see 'NIFTY TODAY : EPISODE 103 ).
GOOD LUCK.......
Major Resistance Levels : 5068-5206-5287
Major Support Levels: 4849-4768-4630
Nifty weekly chart reveals that Nifty is bearish below 4987. But, there may be seen positive closing tomorrow.
*Nifty trend for 14-05-2012 is already published ( please click 'older post' or see 'NIFTY TODAY : EPISODE 103 ).
GOOD LUCK.......
NIFTY TODAY : EPISODE 103
NIFTY TREND FOR 14-05-2012
Major Resistance Levels : 4986-5025-5056
Major Support Levels : 4881-4848-4809
Market couldn't get any trend on Friday. So, positions should be taken only after getting advice.
Nifty ( Closing ) : 4928.90
Bad IIP data and global cues pulled the Indian market down. The Index of Industrial Production ( IIP ) registered an increase of 2.8% in the current financial year. It was 8.2% previous year.
Asian and European markets were weak last trading session. It affected our market too. Moreover, weakening of Indian Rupees becomes another problem regarding Indian economy.
GOOD LUCK........
Major Resistance Levels : 4986-5025-5056
Major Support Levels : 4881-4848-4809
Market couldn't get any trend on Friday. So, positions should be taken only after getting advice.
Nifty ( Closing ) : 4928.90
Bad IIP data and global cues pulled the Indian market down. The Index of Industrial Production ( IIP ) registered an increase of 2.8% in the current financial year. It was 8.2% previous year.
Asian and European markets were weak last trading session. It affected our market too. Moreover, weakening of Indian Rupees becomes another problem regarding Indian economy.
GOOD LUCK........
Friday, May 11, 2012
Thursday, May 10, 2012
NIFTY TODAY : EPISODE 102
NIFTY TREND FOR 11-05-2012
Major Resistance Levels : 5038-5092-5127
Major Support Levels : 4915-4877-4823
Nifty is slightly bearish . So, long positions are advisable only after giving instructions.
Nifty ( Closing ) : 4965.70
Nifty opened with a good positive gap and ended on a flat note.
European markets got depression after the declaration of bad French economic data. It draws that industrial production rate at -0.9% instead of -0.5% for March.
Besides, Asian markets showed a down trend today due to the weak 'Chinese trade data' which reveals the slow growth in Chinese trade.
Nevertheless, this international flaws may bring opportunity to Indian markets. India may be selected as a station of comparatively safe investment. Moreover, Indian Planning Commission Deputy Chairman Mr. Montek singh Ahluwalia draws that India's Current Account Deficit ( CAD ) is at 3%. It was 4% for last fiscal. Those matters are able to provide opportunity in Indian markets.
GOOD LUCK.......
Major Resistance Levels : 5038-5092-5127
Major Support Levels : 4915-4877-4823
Nifty is slightly bearish . So, long positions are advisable only after giving instructions.
Nifty ( Closing ) : 4965.70
Nifty opened with a good positive gap and ended on a flat note.
European markets got depression after the declaration of bad French economic data. It draws that industrial production rate at -0.9% instead of -0.5% for March.
Besides, Asian markets showed a down trend today due to the weak 'Chinese trade data' which reveals the slow growth in Chinese trade.
Nevertheless, this international flaws may bring opportunity to Indian markets. India may be selected as a station of comparatively safe investment. Moreover, Indian Planning Commission Deputy Chairman Mr. Montek singh Ahluwalia draws that India's Current Account Deficit ( CAD ) is at 3%. It was 4% for last fiscal. Those matters are able to provide opportunity in Indian markets.
GOOD LUCK.......
Wednesday, May 9, 2012
NIFTY TODAY : EPISODE 101
NIFTY TREND FOR 10-05-2012
Major Resistance Levels : 5025-5060-5086
Major Support Levels : 4931-4902-4869
Nifty closed at exact neutral zone today. So, positions should be taken only after getting instructions.
Nifty ( Closing ) : 4974.80
Nifty made so many irregular and unspecified movements today. It closed in red, although it reached green many times in trading hours.
Economic world looks Europe zone with anxiety regarding election trend. Majority of people against the leaders who try to implement financial reforms based on hard decisions. People never wish to curb their benefits from governments. This trend may prevent the leaders from making bitter and strong decisions for the economic growth. But, it is inevitable to limit the recession. No other remedy can be suggested by anybody without financial discipline for tackling the existing financial depression.
Next, president election is very near in India. Many political parties suggest Indian Finance Minister, Mr. Pranab Mukherjee as a candidate in election. He performs very well as Finance Minister. Since he is an intelligent person as well as powerful politician, he can make even the hard decisions in respective area. Apart from that, he makes many solutions for the current political puzzles. His presence helped the government in many crisis. If he is elected as Indian President, his absence will be a problem in both financial and political areas.
GOOD LUCK.......
Major Resistance Levels : 5025-5060-5086
Major Support Levels : 4931-4902-4869
Nifty closed at exact neutral zone today. So, positions should be taken only after getting instructions.
Nifty ( Closing ) : 4974.80
Nifty made so many irregular and unspecified movements today. It closed in red, although it reached green many times in trading hours.
Economic world looks Europe zone with anxiety regarding election trend. Majority of people against the leaders who try to implement financial reforms based on hard decisions. People never wish to curb their benefits from governments. This trend may prevent the leaders from making bitter and strong decisions for the economic growth. But, it is inevitable to limit the recession. No other remedy can be suggested by anybody without financial discipline for tackling the existing financial depression.
Next, president election is very near in India. Many political parties suggest Indian Finance Minister, Mr. Pranab Mukherjee as a candidate in election. He performs very well as Finance Minister. Since he is an intelligent person as well as powerful politician, he can make even the hard decisions in respective area. Apart from that, he makes many solutions for the current political puzzles. His presence helped the government in many crisis. If he is elected as Indian President, his absence will be a problem in both financial and political areas.
GOOD LUCK.......
Tuesday, May 8, 2012
NIFTY TODAY : EPISODE 100
I am very glad to publish our 100th episode of "NIFTY TODAY". In this joyful occasion, I would like to thank all my friends including traders, brokers, investment institutions and market analysts from all parts of the world. Your support makes me vigorous in my researches and studies.
Around 3 months before, I got an e-mail that conveyed some emotional attachment to me. This mail was sent by a trader. He stated that he could earn good profit on those days when he pass through this blog. It inspired me a lot in blog writing. I mentioned this incident here to clear the effects of good comments and to show my gratitude to encouraging comments.
I try to be honest by revealing the real facts. Some of my friends advised me to delete blogs which failed in performance after some days. Though nobody would be able to understand regarding removal of such blog after some days, I denied the trick for the long existence based on truth.
Next, I dont give any charts and diagrams as they give some complex ideas to the traders. I just provide the results of such charts after detailed studies and good efforts.
Finally, i am obliged to my followers who support me day by day as well as the Google who gave me a good platform.
Thank you.
NIFTY TREND FOR 09-05-2012
Major Resistance Levels : 5103-5189-5240
Major Support Levels : 4930-4879-4795
Though nifty is bearish below 5045, positions should be taken only after getting instructions.
Nifty ( Closing ) : 4999.95
Indian markets showed a virtual blood bath today. All the sectors closed in red today.
Most of the global indices closed by 1 - 2 % loss. It affected Indian markets too.
Besides, worries regarding inflation and increasing trade deficit fueled the fall. Anyway, traders should be vigilant in taking and holding further positions.
GOOD LUCK......
Around 3 months before, I got an e-mail that conveyed some emotional attachment to me. This mail was sent by a trader. He stated that he could earn good profit on those days when he pass through this blog. It inspired me a lot in blog writing. I mentioned this incident here to clear the effects of good comments and to show my gratitude to encouraging comments.
I try to be honest by revealing the real facts. Some of my friends advised me to delete blogs which failed in performance after some days. Though nobody would be able to understand regarding removal of such blog after some days, I denied the trick for the long existence based on truth.
Next, I dont give any charts and diagrams as they give some complex ideas to the traders. I just provide the results of such charts after detailed studies and good efforts.
Finally, i am obliged to my followers who support me day by day as well as the Google who gave me a good platform.
Thank you.
NIFTY TREND FOR 09-05-2012
Major Resistance Levels : 5103-5189-5240
Major Support Levels : 4930-4879-4795
Though nifty is bearish below 5045, positions should be taken only after getting instructions.
Nifty ( Closing ) : 4999.95
Indian markets showed a virtual blood bath today. All the sectors closed in red today.
Most of the global indices closed by 1 - 2 % loss. It affected Indian markets too.
Besides, worries regarding inflation and increasing trade deficit fueled the fall. Anyway, traders should be vigilant in taking and holding further positions.
GOOD LUCK......
Monday, May 7, 2012
NIFTY TODAY : EPISODE 99
NIFTY TREND FOR 08-05-2012
Major Resistance Levels : 5181-5231-5319
Major Support Levels : 5010-4919-4871
Opening with an upward gap can be expected tomorrow. But, a steady closing may be seen tomorrow.
Nifty ( Closing ) : 5114.15
As we predicted on Friday, nifty started trade with huge negative gap and closed with comparatively small difference ( Ref : NIFTY TODAY : EPISODE 98 ).
Our intraday nifty future buying call achieved third target ( profit : 79 points ) today and closed at 5138.
Indian Finance Minister, Mr. Pranab Mukherjee declared that government decided to delay the implementation of General Anti-Avoidance Rules ( GAAR ) by one year. Since GAAR may demand huge tax from foreign investors, it is not accepted by them. In this context, this delay helped to enhance a positive feeling in the market.
RBI forecasted that inflation rate will be at 6.5% in the present financial year. Some other institutions expect more inflation rate. Anyway, scientists predicts a good monsoon this year. If it happens so, inflation rate can be controlled up to some extends.
GOOD LUCK......
Major Resistance Levels : 5181-5231-5319
Major Support Levels : 5010-4919-4871
Opening with an upward gap can be expected tomorrow. But, a steady closing may be seen tomorrow.
Nifty ( Closing ) : 5114.15
As we predicted on Friday, nifty started trade with huge negative gap and closed with comparatively small difference ( Ref : NIFTY TODAY : EPISODE 98 ).
Our intraday nifty future buying call achieved third target ( profit : 79 points ) today and closed at 5138.
Indian Finance Minister, Mr. Pranab Mukherjee declared that government decided to delay the implementation of General Anti-Avoidance Rules ( GAAR ) by one year. Since GAAR may demand huge tax from foreign investors, it is not accepted by them. In this context, this delay helped to enhance a positive feeling in the market.
RBI forecasted that inflation rate will be at 6.5% in the present financial year. Some other institutions expect more inflation rate. Anyway, scientists predicts a good monsoon this year. If it happens so, inflation rate can be controlled up to some extends.
GOOD LUCK......
NIFTY WEEKLY TREND
NIFTY WEEKLY TREND
Major Resistance Levels : 5221-5355-5430
Major Support Levels : 5012-4937-4803
Nifty is bearish below 5146. Though it is bearish, there may be seen steady closing sessions especially in initial days of the coming week.
Nifty lost 122 points ( 2.34% ) this week and closed at 5087. Nifty got good support at our second weekly support level, 5068. Besides, nifty achieved our short/ middle term target, 5140-5150 this week ( Ref : NIFTY WEEKLY TREND published last Sunday ). Anyway, nifty couldn't make any trend this week. So, we have to wait for getting trend this week.
GOOD LUCK.....
Major Resistance Levels : 5221-5355-5430
Major Support Levels : 5012-4937-4803
Nifty is bearish below 5146. Though it is bearish, there may be seen steady closing sessions especially in initial days of the coming week.
Nifty lost 122 points ( 2.34% ) this week and closed at 5087. Nifty got good support at our second weekly support level, 5068. Besides, nifty achieved our short/ middle term target, 5140-5150 this week ( Ref : NIFTY WEEKLY TREND published last Sunday ). Anyway, nifty couldn't make any trend this week. So, we have to wait for getting trend this week.
GOOD LUCK.....
Friday, May 4, 2012
NIFTY TODAY : EPISODE 98
NIFTY TREND FOR 07-05-2012
Major Resistance Levels : 5170-5236-5277
Major Support Levels : 5030-4986-4922
Nifty may open with a negative gap on Monday. But, there will be less chance to close with heavy loss in the closing. Most probably, a steady closing will happen on Monday.
Nifty ( Closing ) : 5086.85
Nifty showed a virtual blood bath today. It lost 102 points . Anyway, Nifty could get good support at second weekly resistance, 5068 range ( Ref : "NIFTY WEEKLY TREND"published last Sunday ). Besides, Nifty achieved our 'Short / Middle Term Target',5140-5150 ( Ref: NIFTY TODAY : EPISODE 96 & 97 ).
Depreciation of Indian Rupees was the major problem market faced today. Indian Rupees touched 53.84 against dollar. It makes the oil import costly. Consequently, industries may get depression and living cost will be increased. Moreover, it can increase the trade deficits in Indian economy.
Worries regarding Euro Zone debt crisis make negative impact on world markets. It fueled heavy fall in Indian markets.
Next, Europe is waiting for the election results from France & Greece. Obviously, European countries show interest to change their national leaders as well as governments, since they need positive and creative financial reforms. The people from the region never like to curb their benefits including treatment packages. But, it is doubtful about the practical possibilities for financial reforms without limiting the privileges.
GOOD LUCK.....
Major Resistance Levels : 5170-5236-5277
Major Support Levels : 5030-4986-4922
Nifty may open with a negative gap on Monday. But, there will be less chance to close with heavy loss in the closing. Most probably, a steady closing will happen on Monday.
Nifty ( Closing ) : 5086.85
Nifty showed a virtual blood bath today. It lost 102 points . Anyway, Nifty could get good support at second weekly resistance, 5068 range ( Ref : "NIFTY WEEKLY TREND"published last Sunday ). Besides, Nifty achieved our 'Short / Middle Term Target',5140-5150 ( Ref: NIFTY TODAY : EPISODE 96 & 97 ).
Depreciation of Indian Rupees was the major problem market faced today. Indian Rupees touched 53.84 against dollar. It makes the oil import costly. Consequently, industries may get depression and living cost will be increased. Moreover, it can increase the trade deficits in Indian economy.
Worries regarding Euro Zone debt crisis make negative impact on world markets. It fueled heavy fall in Indian markets.
Next, Europe is waiting for the election results from France & Greece. Obviously, European countries show interest to change their national leaders as well as governments, since they need positive and creative financial reforms. The people from the region never like to curb their benefits including treatment packages. But, it is doubtful about the practical possibilities for financial reforms without limiting the privileges.
GOOD LUCK.....
Thursday, May 3, 2012
NIFTY TODAY : EPISODE 97
NIFTY TREND FOR 04-05-2012
Nifty Major Resistance : 5226-5249-5263
Major Support Levels : 5156-5139-5118
Nifty again closed at neutral zone after last trading session. It moves close to our short / middle term target 5140-5150 range. Positions are advisable only after giving instructions tomorrow.
Nifty ( Closing ) : 5188.40
Nifty opened with a wide negative gap today. After the opening session, it showed sideways moves with a small range of 36 points.
HEROMOTOCO reported less earning and became top loser among the NSE top losers. It could maintain some negative impact whole over the trading hours.
Besides, Indian Rupees touched its lowest value against dollar for 4 months.
Moreover, US and European markets showed vulnerability due to their weak economic data. These global cues made depression in Indian markets too.
GOOD LUCK......
Nifty Major Resistance : 5226-5249-5263
Major Support Levels : 5156-5139-5118
Nifty again closed at neutral zone after last trading session. It moves close to our short / middle term target 5140-5150 range. Positions are advisable only after giving instructions tomorrow.
Nifty ( Closing ) : 5188.40
Nifty opened with a wide negative gap today. After the opening session, it showed sideways moves with a small range of 36 points.
HEROMOTOCO reported less earning and became top loser among the NSE top losers. It could maintain some negative impact whole over the trading hours.
Besides, Indian Rupees touched its lowest value against dollar for 4 months.
Moreover, US and European markets showed vulnerability due to their weak economic data. These global cues made depression in Indian markets too.
GOOD LUCK......
Wednesday, May 2, 2012
NIFTY TODAY : EPISODE 96
NIFTY TREND FOR 03-05-2012
Major Resistance Levels : 5287-5320-5342
Major Support Levels : 5199-5174-5143
Nifty closed at exact neutral zone today. So, a steady opening session can be expected. But, nifty may touch 5140-5150 range on short / middle term basis & it may happen within 3-4 market sessions.
Nifty ( Closing ) : 5239.15
Nifty opened with a good gain and it reached loss by closing . It closed on a flat note with 9points loss. Weakening of Indian Rupees still remains a problem for Indian markets and a good effort is needed to tackle this problem.
Brian Development Bank ( ADB ) predicts Indian Gross Domestic Product ( GDP ) growth at 7% , while, Government projects growth at 7.6%. Besides, Central Statistics Office reported 6.9% growth in Indian Economy during the period 2011-2012 whereas 8.4% reported in previous financial year. Thus, present reports as well as predictions regarding economic growth make the traders desperate. If government and RBI take required steps as soon as possible , there will be some solutions with timely intervention.
GOOD LUCK.....
Major Resistance Levels : 5287-5320-5342
Major Support Levels : 5199-5174-5143
Nifty closed at exact neutral zone today. So, a steady opening session can be expected. But, nifty may touch 5140-5150 range on short / middle term basis & it may happen within 3-4 market sessions.
Nifty ( Closing ) : 5239.15
Nifty opened with a good gain and it reached loss by closing . It closed on a flat note with 9points loss. Weakening of Indian Rupees still remains a problem for Indian markets and a good effort is needed to tackle this problem.
Brian Development Bank ( ADB ) predicts Indian Gross Domestic Product ( GDP ) growth at 7% , while, Government projects growth at 7.6%. Besides, Central Statistics Office reported 6.9% growth in Indian Economy during the period 2011-2012 whereas 8.4% reported in previous financial year. Thus, present reports as well as predictions regarding economic growth make the traders desperate. If government and RBI take required steps as soon as possible , there will be some solutions with timely intervention.
GOOD LUCK.....
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