NIFTY TREND FOR 01-08-2012
Major Resistance Levels : 5263-5293-5345
Major Support Levels : 5172-5117-5088
Nifty closed at Bollinger Middle Band level. If it lose strength here, Nifty will touch 5050 level ( Bollinger lower band ) and thus, W - bottom can be created. MACD still stays at bearish zone, when RSI indicates neutral status. Nifty will face very strong resistance at 5263 tomorrow. A steady or negative closing can be expected tomorrow.
Nifty ( Closing ) : 5229
Nifty opened with slightly gain in the morning. But, unchanged monetary policy pulled the market down. RBI cut only Statutory Liquidity Rate ( SLR ) by 1% to 23%. But, it was expected only. So, nifty started to gain by noon.
Global markets are waiting curiously for the US Fed Meeting. Anyway, US markets are slightly down now. It may be due to the uncertainty before the meeting. The similar scene could see in Indian markets too before the declaration of monetary policy. Besides, another significant event will be conducted on Thursday. European Central Bank ( ECB ) is about to conduct a meeting.
GOOD LUCK.......
Tuesday, July 31, 2012
Monday, July 30, 2012
NIFTY TODAY : EPISODE 153
NIFTY TREND FOR 31-07-2012
Major Resistance Levels : 5233-5262-5311
Major Support Levels : 5145-5093-5065
Nifty closed just below the Bollinger middle band level, 5230. MACD shows still bearish sign. RSI indicates neutral level ( neither oversold nor over bought ). Nifty may get good resistance at 5230-5233 level and there is very less chance for closing above this level tomorrow.
Nifty ( Closing ) : 5199.80
Indian markets could gain very well today. Nifty gained 100 points on the expectations regarding the rate cuts by RBI tomorrow. But, we have to wait till the declaration. Inflation rate is high in India now. In this context, it is doubtful that RBI will be able to implement rate cuts.
Global markets also could influence on Indian markets positively. World economies are waiting with an optimistic view regarding the rate cuts and declaration of monetary policy by European Central Bank on Thursday.
GOOD LUCK........
Major Resistance Levels : 5233-5262-5311
Major Support Levels : 5145-5093-5065
Nifty closed just below the Bollinger middle band level, 5230. MACD shows still bearish sign. RSI indicates neutral level ( neither oversold nor over bought ). Nifty may get good resistance at 5230-5233 level and there is very less chance for closing above this level tomorrow.
Nifty ( Closing ) : 5199.80
Indian markets could gain very well today. Nifty gained 100 points on the expectations regarding the rate cuts by RBI tomorrow. But, we have to wait till the declaration. Inflation rate is high in India now. In this context, it is doubtful that RBI will be able to implement rate cuts.
Global markets also could influence on Indian markets positively. World economies are waiting with an optimistic view regarding the rate cuts and declaration of monetary policy by European Central Bank on Thursday.
GOOD LUCK........
Saturday, July 28, 2012
NIFTY TODAY : EPISODE 152
NIFTY TREND FOR 30-07-2012
Major Resistance Levels : 5145-5187-5220
Major Support Levels : 5062-5028-4987
MACD reveals that Nifty is still bearish. RSI chart depicts that Nifty has skipped from oversold level. It means that Nifty is at neutral zone now. Bollinger lower band touches 5056 level. So, there will be strong support at 5056-5062 level on Monday.
Nifty ( Closing ) : 5099.85
Nifty could open with a good positive gap related to the upward movement of the global indices. But, the worries regarding Monsoon and FII outflow of the previous trading session were able to prevent the upward rally of the indian indices.
GOOD LUCK.............
Major Resistance Levels : 5145-5187-5220
Major Support Levels : 5062-5028-4987
MACD reveals that Nifty is still bearish. RSI chart depicts that Nifty has skipped from oversold level. It means that Nifty is at neutral zone now. Bollinger lower band touches 5056 level. So, there will be strong support at 5056-5062 level on Monday.
Nifty ( Closing ) : 5099.85
Nifty could open with a good positive gap related to the upward movement of the global indices. But, the worries regarding Monsoon and FII outflow of the previous trading session were able to prevent the upward rally of the indian indices.
GOOD LUCK.............
Friday, July 27, 2012
Thursday, July 26, 2012
NIFTY TODAY : EPISODE 151
NIFTY TREND FOR 27-07-2012
Major Resistance Levels : 5107-5169-5204
Major Support Levels : 5002-4964-4905
Nifty closed very weakly below Bollinger lower band. MACD also indicates a bearish trend. On the other hand, RSI is at oversold zone.
Nifty ( Closing ) : 5043
After a long interval, Nifty moved a wide range in a single day ( 94 points ) today. All the sectoral indices were down today. Market knew a heavy selling pressure today.
Though most of the major global indices closed in green today. But, Indian markets couldn't get strength. F & O settlement made the market active. In this month, Indian markets couldn't make such a strong move as seen today.
GOOD LUCK........
Major Resistance Levels : 5107-5169-5204
Major Support Levels : 5002-4964-4905
Nifty closed very weakly below Bollinger lower band. MACD also indicates a bearish trend. On the other hand, RSI is at oversold zone.
Nifty ( Closing ) : 5043
After a long interval, Nifty moved a wide range in a single day ( 94 points ) today. All the sectoral indices were down today. Market knew a heavy selling pressure today.
Though most of the major global indices closed in green today. But, Indian markets couldn't get strength. F & O settlement made the market active. In this month, Indian markets couldn't make such a strong move as seen today.
GOOD LUCK........
Wednesday, July 25, 2012
NIFTY TODAY : EPISODE 150
NIFTY TREND FOR 26-07-2012
Major Resistance Levels : 5135-5157-5183
Major Support Levels : 5078-5049-5030
RSI chart shows neutral value. MACD indicates bearish market. Nifty closed just above Bollinger lower band level, 5100. Besides, 50 days moving average is marked at 5098 level. Nifty is bearish for long term basis. But, nifty may get good support at 5078 level and close above 5100 tomorrow. Of course, there will be some levels of uncertainty as F & O settlement date comes tomorrow.
Nifty ( Closing ) : 5109.60
Though Nifty came down till 5076.60, it could get good support at 5100 level and close above the level. It was predicted yesterday. HCLTECH was the top gainer in NSE due to its good result which has been already declared.
Worries regarding weak monsoon and European crisis can make negative impact on Indian markets. Moreover, everybody waits for rate policy by RBI. It will be announced on 31st July.
GOOD LUCK.........
Major Resistance Levels : 5135-5157-5183
Major Support Levels : 5078-5049-5030
RSI chart shows neutral value. MACD indicates bearish market. Nifty closed just above Bollinger lower band level, 5100. Besides, 50 days moving average is marked at 5098 level. Nifty is bearish for long term basis. But, nifty may get good support at 5078 level and close above 5100 tomorrow. Of course, there will be some levels of uncertainty as F & O settlement date comes tomorrow.
Nifty ( Closing ) : 5109.60
Though Nifty came down till 5076.60, it could get good support at 5100 level and close above the level. It was predicted yesterday. HCLTECH was the top gainer in NSE due to its good result which has been already declared.
Worries regarding weak monsoon and European crisis can make negative impact on Indian markets. Moreover, everybody waits for rate policy by RBI. It will be announced on 31st July.
GOOD LUCK.........
Tuesday, July 24, 2012
NIFTY TODAY : EPISODE 149
NIFTY TREND FOR 25-07-2012
Major Resistance Levels : 5153-5175-5197
Major Support Levels : 5100-5075-5056
Nifty closed at an exact neural zone today. MACD shows bearish signal. RSI chart depicts neutral level. Next, nifty closed just above the lower band of the Bollinger band. It indicates good support this level. Anyway, Indian markets are bearish on long term basis. But, nifty may get good support at 3100 and can be expected a slightly bullish market tomorrow. Nevertheless, F & O settlement can make any impact on the market.
Nifty ( Closing ) : 5128.20
As we expected yesterday, Nifty could get support today. European markets closed with loss of 0.50-0.75%. Global markets are tensed about the crisis in Europe.
In cash segment, FIIs made net selling for around ₹253 Crs., while, DIIs marked net buying for ₹39 Crs. FIIs drew net selling figure on 28th June at ₹1112.63 Crs. The very next day, they bought for ₹3047 Crs. From that day, FIIs havent marked net selling figure till yesterday. On the other hand, DIIs have never made a net buying figure after 28th June. FIIs began buying from 5150 continuously and could bring 5340 level. During the same period, DIIs were selling in cash segment and brought nifty at 5100 level.
GOOD LUCK........
Major Resistance Levels : 5153-5175-5197
Major Support Levels : 5100-5075-5056
Nifty closed at an exact neural zone today. MACD shows bearish signal. RSI chart depicts neutral level. Next, nifty closed just above the lower band of the Bollinger band. It indicates good support this level. Anyway, Indian markets are bearish on long term basis. But, nifty may get good support at 3100 and can be expected a slightly bullish market tomorrow. Nevertheless, F & O settlement can make any impact on the market.
Nifty ( Closing ) : 5128.20
As we expected yesterday, Nifty could get support today. European markets closed with loss of 0.50-0.75%. Global markets are tensed about the crisis in Europe.
In cash segment, FIIs made net selling for around ₹253 Crs., while, DIIs marked net buying for ₹39 Crs. FIIs drew net selling figure on 28th June at ₹1112.63 Crs. The very next day, they bought for ₹3047 Crs. From that day, FIIs havent marked net selling figure till yesterday. On the other hand, DIIs have never made a net buying figure after 28th June. FIIs began buying from 5150 continuously and could bring 5340 level. During the same period, DIIs were selling in cash segment and brought nifty at 5100 level.
GOOD LUCK........
Monday, July 23, 2012
NIFTY TODAY : EPISODE 148
NIFTY TREND FOR 24-07-2012
Major Resistance Levels : 5159-5195-5218
Major Support Levels : 5089-5064-5030
Nifty closed just above the lower band of the Bollinger band. When MACD shows bearish trend, RSI indicates neural one. Anyway, Nifty may get good support at 5089 tomorrow. But, the upcoming rate policy as well as F & O settlement can make impacts on Indian markets.
Nifty ( Closing ) : 5117.95
All the sectoral indices were down today. Only three companies ( DRREDDY, CIPLA & ONGC ) closed in green today. MARUTI was the top loser of NSE.
Most of the significant indices were closed with loss today. European markets opened with 1% down and closed with huge fall ( FTSE : -2.13%, CAC : -2.98% & DAX : -3.08%).
GOOD LUCK.......
Major Resistance Levels : 5159-5195-5218
Major Support Levels : 5089-5064-5030
Nifty closed just above the lower band of the Bollinger band. When MACD shows bearish trend, RSI indicates neural one. Anyway, Nifty may get good support at 5089 tomorrow. But, the upcoming rate policy as well as F & O settlement can make impacts on Indian markets.
Nifty ( Closing ) : 5117.95
All the sectoral indices were down today. Only three companies ( DRREDDY, CIPLA & ONGC ) closed in green today. MARUTI was the top loser of NSE.
Most of the significant indices were closed with loss today. European markets opened with 1% down and closed with huge fall ( FTSE : -2.13%, CAC : -2.98% & DAX : -3.08%).
GOOD LUCK.......
NIFTY TODAY : EPISODE 147
NIFTY TREND FOR 23-07-2012
Major Resistance Levels : 5236-5264-5280
Major Support Levels : 5183-5164-5139
Stochastic and RSI charts shows neutral status for Nifty. But, nifty closed at a bearish zone last trading session.
Anyway, Indian markets are waiting for rate policy of RBI which will be declared on 31st July. Besides, they may consider the political issues very carefully. Moreover, F & O monthly settlement date is very close. So, positions should be taken very carefully.
GOOD LUCK......................
Friday, July 20, 2012
Thursday, July 19, 2012
NIFTY TODAY : EPISODE 146
NIFTY TREND FOR 20-07-2012
Major Resistance Levels : 5264-5279-5292
Major Support Levels : 5225-5210-5197
Nifty closed at an exact neural zone ( middle band range of the Bollinger band ) . The correction has been occurred with last two days. The market range was too small today. Nifty made a difference of 24 points only between the high, 5257 & the low, 5233. Most probably, nifty may make a specific direction tomorrow. We have to watch them carefully with the range, angle formation , volume and so on.
Nifty ( Closing ) : 5242.70
Nifty opened with a positive gap in the morning due to global cues. But, it couldn't get further gain due to the bad performance of MARUTI and banking stocks.
MARUTI was the biggest loser of the day. It closed with 9.19% loss today related to the news regarding wage disputes in Manesar plant. Besides, most of the banking stocks were included in the list of NSE top losers. Thus, Indian markets couldn't move along with the movements of global markets.
FIIs invested 126 Cr in cash segment today where DII made -229 Cr.
Anyway, markets may get a clear direction tomorrow either upward or downward.
GOOD LUCK.........
Major Resistance Levels : 5264-5279-5292
Major Support Levels : 5225-5210-5197
Nifty closed at an exact neural zone ( middle band range of the Bollinger band ) . The correction has been occurred with last two days. The market range was too small today. Nifty made a difference of 24 points only between the high, 5257 & the low, 5233. Most probably, nifty may make a specific direction tomorrow. We have to watch them carefully with the range, angle formation , volume and so on.
Nifty ( Closing ) : 5242.70
Nifty opened with a positive gap in the morning due to global cues. But, it couldn't get further gain due to the bad performance of MARUTI and banking stocks.
MARUTI was the biggest loser of the day. It closed with 9.19% loss today related to the news regarding wage disputes in Manesar plant. Besides, most of the banking stocks were included in the list of NSE top losers. Thus, Indian markets couldn't move along with the movements of global markets.
FIIs invested 126 Cr in cash segment today where DII made -229 Cr.
Anyway, markets may get a clear direction tomorrow either upward or downward.
GOOD LUCK.........
Tuesday, July 17, 2012
NIFTY TODAY : EPISODE 145
NIFTY TREND FOR 18-07-2012
Major Resistance Levels : 5234-5270-5292
Major Support Levels : 5163-5138-5105
Nifty still stands below the middle band of the Bollinger band. It indicates that nifty is at selling pressure. Stochastics also reveals the same thing. But, a positive closing is essential before a fall now. This positive closing may be seen tomorrow.
Nifty ( Closing ) : 5192.85
Nifty closed with a mild loss of 4 points. Traders have been showing a reluctance in holding positions for long term. They hurry to settle their positions. It makes market inactive.
Anyway, FIIs marked a positive figure at 475Cr as their net cash purchase. It is wonderful that FIIs have been making buying for long term, while, DIIs selling.
Whatever it may be, a positive closing can be expected tomorrow.
GOOD LUCK......
Major Resistance Levels : 5234-5270-5292
Major Support Levels : 5163-5138-5105
Nifty still stands below the middle band of the Bollinger band. It indicates that nifty is at selling pressure. Stochastics also reveals the same thing. But, a positive closing is essential before a fall now. This positive closing may be seen tomorrow.
Nifty ( Closing ) : 5192.85
Nifty closed with a mild loss of 4 points. Traders have been showing a reluctance in holding positions for long term. They hurry to settle their positions. It makes market inactive.
Anyway, FIIs marked a positive figure at 475Cr as their net cash purchase. It is wonderful that FIIs have been making buying for long term, while, DIIs selling.
Whatever it may be, a positive closing can be expected tomorrow.
GOOD LUCK......
Monday, July 16, 2012
NIFTY TODAY : EPISODE 144
NIFTY TREND FOR 17-06-2012
Major Resistance Levels : 5240-5279-5300
Major Support Levels : 5165-5143-5107
Nifty closing may be in green tomorrow.
Nifty ( Closing ) : 5197.25
IT stocks pulled the Indian markets down. INFOSYS traded today at 52 week low.
Worries regarding the availability of monsoon makes the market sacred. If the monsoon is not good, it will affect the agricultural sector of the country and it may lead to the inflation.
If it happens so, RBI wouldn't be able to cut interest rates. The rate policy will be declared on 31 July.
Though the days of tough markets are ahead, nifty may close in green tomorrow.
GOOD LUCK........
Major Resistance Levels : 5240-5279-5300
Major Support Levels : 5165-5143-5107
Nifty closing may be in green tomorrow.
Nifty ( Closing ) : 5197.25
IT stocks pulled the Indian markets down. INFOSYS traded today at 52 week low.
Worries regarding the availability of monsoon makes the market sacred. If the monsoon is not good, it will affect the agricultural sector of the country and it may lead to the inflation.
If it happens so, RBI wouldn't be able to cut interest rates. The rate policy will be declared on 31 July.
Though the days of tough markets are ahead, nifty may close in green tomorrow.
GOOD LUCK........
Saturday, July 14, 2012
NIFTY TODAY : EPISODE 143
NIFTY TREND FOR 16-07-2012
Major Resistance Levels : 5266-5299-5319
Major Support Levels : 5198-5176-5146
Nifty has just touched middle band of the Bollinger band. It may get a resistance here. If it breaks this level, it may move towards lower band. RSI charts reveals that nifty has escaped from oversold status. Anyway, nifty may close in green on Monday.
Nifty ( Closing ) : 5227.25
Though nifty closed on a flat note, it could make a trade range of 50 points. It happened after a long break. It is doubtful that nifty is about to take a direction.
Indian Rupees could gain strength against dollar. It closed at 55.15. But, market couldn't make the most of the opportunity.
Indian markets wait eagerly for quarter results and rate policy by RBI. These events can drive the markets at least for a short term.
GOOD LUCK........
Major Resistance Levels : 5266-5299-5319
Major Support Levels : 5198-5176-5146
Nifty has just touched middle band of the Bollinger band. It may get a resistance here. If it breaks this level, it may move towards lower band. RSI charts reveals that nifty has escaped from oversold status. Anyway, nifty may close in green on Monday.
Nifty ( Closing ) : 5227.25
Though nifty closed on a flat note, it could make a trade range of 50 points. It happened after a long break. It is doubtful that nifty is about to take a direction.
Indian Rupees could gain strength against dollar. It closed at 55.15. But, market couldn't make the most of the opportunity.
Indian markets wait eagerly for quarter results and rate policy by RBI. These events can drive the markets at least for a short term.
GOOD LUCK........
Friday, July 13, 2012
NIFTY TODAY : EPISODE 142
NIFTY TREND FOR 13-07-2012
Major Resistance Levels : 5267-5294-5314
Major Support Levels : 5203-5183-5159
Nifty ( Closing ) : 5235.25
INFOSYS reported a disappointing result at 9 am today. Moreover, INFOSYS chairman announced that their guidance wont published from next quarter. It pulled the Indian markets down in the opening session itself. By 11 am, IIP data was declared at 2.4% for the month, May. It was reported at 0.1% for previous data. But, Indian markets couldn't withstand the selling pressure today.
Both, European and Asian markets were down. It affected Indian markets negatively.
TCS declared a 38% rise in its fiscal first quarter profit beating market expectations.
GOOD LUCK.......
Major Resistance Levels : 5267-5294-5314
Major Support Levels : 5203-5183-5159
Nifty ( Closing ) : 5235.25
INFOSYS reported a disappointing result at 9 am today. Moreover, INFOSYS chairman announced that their guidance wont published from next quarter. It pulled the Indian markets down in the opening session itself. By 11 am, IIP data was declared at 2.4% for the month, May. It was reported at 0.1% for previous data. But, Indian markets couldn't withstand the selling pressure today.
Both, European and Asian markets were down. It affected Indian markets negatively.
TCS declared a 38% rise in its fiscal first quarter profit beating market expectations.
GOOD LUCK.......
Wednesday, July 11, 2012
NIFTY TODAY : EPISODE 141
NIFTY TREND FOR 12-07-2012
Major Resistance Levels : 5337-5362-5376
Major Support Levels : 5284-5267-5245
While considering the technical aspects, nifty has to move upward and may close with more than 1% gain. But, some major events to be happened tomorrow : quarter results of TCS and INFOSYS & IIP data for the month May. So, intraday trade should be done very carefully as there is possibilities for fluctuation at excess rate.
Nifty ( Closing ) : 5306.30
After an interval of a single trading session, market moved in a small range today. Traders showed reluctance for taking and holding positions, since it will be a twisting day tomorrow.
Country's largest software exporters, TCS will declare result tomorrow. Most probably, it would be declared after market hours. Our team predict PAT at 8-10% to Rs. 2400-3000 Cr for TCS. INFOSYS may report a PAT at 11-14% last quarter.
Another important feature is that IIP will be announced tomorrow. It may be done before noon most probably. It was reported at 0.1% for the month, April. IIP data for the month, May is so significant one, hence it will be seriously considered on 31st July in interest rate policy action by RBI. Our team forecast IIP at 0-1.2%.
GOOD LUCK.........
Major Resistance Levels : 5337-5362-5376
Major Support Levels : 5284-5267-5245
While considering the technical aspects, nifty has to move upward and may close with more than 1% gain. But, some major events to be happened tomorrow : quarter results of TCS and INFOSYS & IIP data for the month May. So, intraday trade should be done very carefully as there is possibilities for fluctuation at excess rate.
Nifty ( Closing ) : 5306.30
After an interval of a single trading session, market moved in a small range today. Traders showed reluctance for taking and holding positions, since it will be a twisting day tomorrow.
Country's largest software exporters, TCS will declare result tomorrow. Most probably, it would be declared after market hours. Our team predict PAT at 8-10% to Rs. 2400-3000 Cr for TCS. INFOSYS may report a PAT at 11-14% last quarter.
Another important feature is that IIP will be announced tomorrow. It may be done before noon most probably. It was reported at 0.1% for the month, April. IIP data for the month, May is so significant one, hence it will be seriously considered on 31st July in interest rate policy action by RBI. Our team forecast IIP at 0-1.2%.
GOOD LUCK.........
Tuesday, July 10, 2012
NIFTY TODAY : EPISODE 140
NIFTY TREND FOR 11-07-2012
Major Resistance Levels : 5376-5402-5443
Major Support Levels : 5294-5250-5227
Nifty is bullish above 5325.
Nifty ( Closing ) : 5345.35
All sectoral indices closed in green today. When Asian indices closed at mixed nature, European indices closed with .60-.80% gain. Euro zone ministers allowed extra period ( until 2014 ) for reaching deficits reduction targets. Apart from that, they mentioned regarding an aid package for Madrid's ailing banks. It helped to evoke appreciation on European markets today. The same feeling affected Indian markets too.
Moreover, Indian Rupees showed strength today against dollar.
GOOD LUCK.......
Major Resistance Levels : 5376-5402-5443
Major Support Levels : 5294-5250-5227
Nifty is bullish above 5325.
Nifty ( Closing ) : 5345.35
All sectoral indices closed in green today. When Asian indices closed at mixed nature, European indices closed with .60-.80% gain. Euro zone ministers allowed extra period ( until 2014 ) for reaching deficits reduction targets. Apart from that, they mentioned regarding an aid package for Madrid's ailing banks. It helped to evoke appreciation on European markets today. The same feeling affected Indian markets too.
Moreover, Indian Rupees showed strength today against dollar.
GOOD LUCK.......
Monday, July 9, 2012
NIFTY TODAY : EPISODE 139
NIFTY TREND FOR 10-07-2012
Major Resistance Levels : 5307-5333-5353
Major Support Levels : 5246-5223-5200
Though Nifty closed with loss of 42 points, it remains at neutral zone now. Some important events may Indian markets like IIP data ( will be declared on 12th July ), quarter result of second largest company, INFOSYS ( July 12 ) and policy rates by RBI ( July 31 ).
Nifty ( Closing ) : 5175
Nifty closed in red with 0.79% loss today. Global markets could make influence on Indian markets too. US & Asian markets were down by 1% and European markets closed with slight loss.
Indian Rupees reached at a worse stage again at 56 level. It closed at 55.95 today.
FIIs drew a positive figure in their net trade. They bought for 253 Cr. today.
GOOD LUCK.......
Major Resistance Levels : 5307-5333-5353
Major Support Levels : 5246-5223-5200
Though Nifty closed with loss of 42 points, it remains at neutral zone now. Some important events may Indian markets like IIP data ( will be declared on 12th July ), quarter result of second largest company, INFOSYS ( July 12 ) and policy rates by RBI ( July 31 ).
Nifty ( Closing ) : 5175
Nifty closed in red with 0.79% loss today. Global markets could make influence on Indian markets too. US & Asian markets were down by 1% and European markets closed with slight loss.
Indian Rupees reached at a worse stage again at 56 level. It closed at 55.95 today.
FIIs drew a positive figure in their net trade. They bought for 253 Cr. today.
GOOD LUCK.......
Sunday, July 8, 2012
NIFTY TODAY : EPISODE 138
NIFTY TREND FOR 09-06-2012
Major Resistance Levels : 5343-5362-5385
Major Support Levels : 5286-5260-5244
Nifty is still at neutral zone even after a week. Indian markets wait for quarter results eagerly.
Nifty ( Closing ) : 5316.95
Indian markets made some special and peculiar way of performance last week.
It has happened very rarely in the past that nifty moved in a very small range ( 30-40 points ) in the whole week. But, market didnt draw remarkable less volume.
Moreover, FIIs were buyers in cash sector and DIIs were sellers last week. FIIs bought for 2333 Cr and DIIs sold for 1575 Cr.
Finally, Indian markets showed an independent nature. So many incidents have been happened last week internally as well as externally such as fluctuation of Indian Rupees, Worries regarding the availability of monsoon, interest rate cut by ECB, global markets movements and so on. Nevertheless, nothing could make positive or negative impacts on Indian markets.
Market is about to make a big move. Indices remain at crucial levels now. If it takes strength from here, Nifty may move towards 5400-5430 . Otherwise, it may touch 4880-4915 range.
GOOD LUCK........
Major Resistance Levels : 5343-5362-5385
Major Support Levels : 5286-5260-5244
Nifty is still at neutral zone even after a week. Indian markets wait for quarter results eagerly.
Nifty ( Closing ) : 5316.95
Indian markets made some special and peculiar way of performance last week.
It has happened very rarely in the past that nifty moved in a very small range ( 30-40 points ) in the whole week. But, market didnt draw remarkable less volume.
Moreover, FIIs were buyers in cash sector and DIIs were sellers last week. FIIs bought for 2333 Cr and DIIs sold for 1575 Cr.
Finally, Indian markets showed an independent nature. So many incidents have been happened last week internally as well as externally such as fluctuation of Indian Rupees, Worries regarding the availability of monsoon, interest rate cut by ECB, global markets movements and so on. Nevertheless, nothing could make positive or negative impacts on Indian markets.
Market is about to make a big move. Indices remain at crucial levels now. If it takes strength from here, Nifty may move towards 5400-5430 . Otherwise, it may touch 4880-4915 range.
GOOD LUCK........
Thursday, July 5, 2012
NIFTY TODAY : EPISODE 137
NIFTY TREND FOR 06-07-2012
Major Resistance Levels : 5355-5375-5403
Major Support Levels : 5291-5260-5243
The nifty daily chart depicts that third consecutive doji is formed today. It reveals the sunset of bullish trend. But, some other factors like quarter results of second largest company in India, INFOSYS and the acceptance of rate cut by European Central Bank may make impact on Indian markets and global markets.
Nifty ( Closing ) : 5327.30
European Central Bank ( ECB ) President, Mr. Mario Draghi has declared rate cut by 25 basis points ( .25% ) to 0.75%, a historical low rate. ECB made interest rates at 1.25% on 3rd November 2011 and 1% on 8th December 2011.
When ECB made interest rate cut last time on 3rd December 2011, European markets showed a depression in their stock markets. Germany's Dax were 2% down and UK's FTSE were 1.14% down on the particular day. But, investors were anxious that Europe would fail to address sovereign debt crisis those days.
Although this rate cut by ECB was expected today, CAC were down by 1.19% and DAX were down by 0.45%, while, FTSE were slightly up by 0.14%. Ongoing US markets are trading steadily now.
In this context, it is doubtful regarding the acceptance of rate cut by ECB. It is third time to cut interest rates in 8 months by ECB. It should be questioned that how far it is possible for Europe ?
The Indian markets eagerly wait for the quarter results of INFOSYS. It will be declared on 12th July. It can make remarkable impacts on Indian markets.
FIIs made net buy of 429 Cr today. They show interest to invest in Indian markets and they do so at enormous amount. Obviously, it is a positive news for Indian markets.
GOOD LUCK........
Major Resistance Levels : 5355-5375-5403
Major Support Levels : 5291-5260-5243
The nifty daily chart depicts that third consecutive doji is formed today. It reveals the sunset of bullish trend. But, some other factors like quarter results of second largest company in India, INFOSYS and the acceptance of rate cut by European Central Bank may make impact on Indian markets and global markets.
Nifty ( Closing ) : 5327.30
European Central Bank ( ECB ) President, Mr. Mario Draghi has declared rate cut by 25 basis points ( .25% ) to 0.75%, a historical low rate. ECB made interest rates at 1.25% on 3rd November 2011 and 1% on 8th December 2011.
When ECB made interest rate cut last time on 3rd December 2011, European markets showed a depression in their stock markets. Germany's Dax were 2% down and UK's FTSE were 1.14% down on the particular day. But, investors were anxious that Europe would fail to address sovereign debt crisis those days.
Although this rate cut by ECB was expected today, CAC were down by 1.19% and DAX were down by 0.45%, while, FTSE were slightly up by 0.14%. Ongoing US markets are trading steadily now.
In this context, it is doubtful regarding the acceptance of rate cut by ECB. It is third time to cut interest rates in 8 months by ECB. It should be questioned that how far it is possible for Europe ?
The Indian markets eagerly wait for the quarter results of INFOSYS. It will be declared on 12th July. It can make remarkable impacts on Indian markets.
FIIs made net buy of 429 Cr today. They show interest to invest in Indian markets and they do so at enormous amount. Obviously, it is a positive news for Indian markets.
GOOD LUCK........
Wednesday, July 4, 2012
NIFTY TODAY : EPISODE 136
NIFTY TREND FOR 05-07-2012
Major Resistance Levels : 5333-5356-5381
Major Support Levels : 5268-5240-5220
Nifty closed again at an exact neutral zone. It is shaft range and it may turn anywhere. Nifty daily chart made a second doji at upper Bollinger band region. Nifty stays this region for last three trading sessions. Stochastics also shows an overbought status. If nifty loses its strength here, it may move toward 4880-4915 range. Otherwise, it may reach 5400-5430 range.
Nifty ( Closing ) : 5302.55
Nifty traded in a narrow range and closed on a flat not today. It is third consecutive day today nifty showed a same pattern.
Indian markets are waiting curiously for the third quarter results, fresh policy from government, stability of Rupees and availability of monsoon. These facts prevent investors from holding positions and taking new one. Global markets also traded in a cold zone today. The holiday of US markets also affected the global indices.
Next, charts also justify such a halt as Indian indices reached a crucial level. But, there may be a one sided move tomorrow.
GOOD LUCK.......
Major Resistance Levels : 5333-5356-5381
Major Support Levels : 5268-5240-5220
Nifty closed again at an exact neutral zone. It is shaft range and it may turn anywhere. Nifty daily chart made a second doji at upper Bollinger band region. Nifty stays this region for last three trading sessions. Stochastics also shows an overbought status. If nifty loses its strength here, it may move toward 4880-4915 range. Otherwise, it may reach 5400-5430 range.
Nifty ( Closing ) : 5302.55
Nifty traded in a narrow range and closed on a flat not today. It is third consecutive day today nifty showed a same pattern.
Indian markets are waiting curiously for the third quarter results, fresh policy from government, stability of Rupees and availability of monsoon. These facts prevent investors from holding positions and taking new one. Global markets also traded in a cold zone today. The holiday of US markets also affected the global indices.
Next, charts also justify such a halt as Indian indices reached a crucial level. But, there may be a one sided move tomorrow.
GOOD LUCK.......
Tuesday, July 3, 2012
NIFTY TODAY : EPISODE 135
NIFTY TREND FOR 04-07-2012
Major Resistance Levels : 5325-5354-5378
Major Support Levels : 5252-5225-5198
Nifty couldn't take any direction from its present crucial level ( Upper Bollinger Band Area ). If it gets strength from here, it will reach 5400-5430 range. Otherwise, it may touch 4880-4915 range. So, traders have to be careful tomorrow.
Nifty ( Closing ) : 5287.95
Nifty closed on a flat note today. It moved comparatively low range of 51 points today. Volatility decreased 2.36% and India VIX closed at 18.56.
Global markets were up today. No major index showed its closing in red among Asian, American and European markets. It helped Indian markets to retain from a fall last trading hours.
Moreover, Indian Rupees showed strength today. It closed at 54.37, strong level. Currency trading speculators expect strong decisions from government.
It was the third consecutive day today in which FIIs made huge investment. Net buy marked at 590 Cr today. They invested 4225 Cr in three trading sessions whereas DIIs sold for around 1250 Cr.
GOOD LUCK......
Major Resistance Levels : 5325-5354-5378
Major Support Levels : 5252-5225-5198
Nifty couldn't take any direction from its present crucial level ( Upper Bollinger Band Area ). If it gets strength from here, it will reach 5400-5430 range. Otherwise, it may touch 4880-4915 range. So, traders have to be careful tomorrow.
Nifty ( Closing ) : 5287.95
Nifty closed on a flat note today. It moved comparatively low range of 51 points today. Volatility decreased 2.36% and India VIX closed at 18.56.
Global markets were up today. No major index showed its closing in red among Asian, American and European markets. It helped Indian markets to retain from a fall last trading hours.
Moreover, Indian Rupees showed strength today. It closed at 54.37, strong level. Currency trading speculators expect strong decisions from government.
It was the third consecutive day today in which FIIs made huge investment. Net buy marked at 590 Cr today. They invested 4225 Cr in three trading sessions whereas DIIs sold for around 1250 Cr.
GOOD LUCK......
Monday, July 2, 2012
NIFTY TODAY : EPISODE 134
NIFTY TREND FOR 03-07-2012
Major Resistance Levels : 5309-5333-5351
Major Support Levels : 5248-5227-5206
Nifty closed at neutral zone today. So, it may move at any direction. So, support-resistance levels will be significant tomorrow.
Nifty ( Closing ) : 5278.60
Nifty closed on a flat note today. Most of the global indices closed in green today. Major European and Asian indices were up above 1%. But, Indian markets couldn't gain. Nifty moved in a short range of 39 points.
FIIs made net buying for 591 Cr. today. It was 3047 Cr last Friday. FIIs have spent a huge amount of money this month.
GOOD LUCK......
Major Resistance Levels : 5309-5333-5351
Major Support Levels : 5248-5227-5206
Nifty closed at neutral zone today. So, it may move at any direction. So, support-resistance levels will be significant tomorrow.
Nifty ( Closing ) : 5278.60
Nifty closed on a flat note today. Most of the global indices closed in green today. Major European and Asian indices were up above 1%. But, Indian markets couldn't gain. Nifty moved in a short range of 39 points.
FIIs made net buying for 591 Cr. today. It was 3047 Cr last Friday. FIIs have spent a huge amount of money this month.
GOOD LUCK......
Sunday, July 1, 2012
NIFTY TODAY : EPISODE 133
NIFTY TREND FOR 02-07-2012
Major Resistance Levels : 5326-5361-5423
Major Support Levels : 5204-5139-5104
Nifty may open above 5210 on Monday. After that, market moves should be watched closely for further trading.
Nifty touched upper Bollinger Band and its a crucial period now. If it takes strength again from here, Nifty may move towards 5400-5430 range in short / middle term. If it loses its strength, it may go towards 4880-4915 range in short / middle term. Anyway, traders can invest their fund partially at this period.
Clarity in General Anti Avoidance Rules ( GAAR ) helped to the flow of fund from overseas. Government decided to give concession on P - Notes ( Participatory Notes ) .
Bullish trend of European markets on Friday could make positive feeling in national markets too.
FIIs made net amount of 3046.76 Cr. last session. It is a remarkable figure to note and shows interest of FIIs in Indian markets.
Moreover, Indian Rupees could make a better gain on Friday. It closed at 55.67 where as previous closing rate was 56.80.
Anyway, its a crucial level as a shaft for Indian markets. It is advisable for a partial investment funding in Indian markets.
GOOD LUCK........
Major Resistance Levels : 5326-5361-5423
Major Support Levels : 5204-5139-5104
Nifty may open above 5210 on Monday. After that, market moves should be watched closely for further trading.
Nifty touched upper Bollinger Band and its a crucial period now. If it takes strength again from here, Nifty may move towards 5400-5430 range in short / middle term. If it loses its strength, it may go towards 4880-4915 range in short / middle term. Anyway, traders can invest their fund partially at this period.
Clarity in General Anti Avoidance Rules ( GAAR ) helped to the flow of fund from overseas. Government decided to give concession on P - Notes ( Participatory Notes ) .
Bullish trend of European markets on Friday could make positive feeling in national markets too.
FIIs made net amount of 3046.76 Cr. last session. It is a remarkable figure to note and shows interest of FIIs in Indian markets.
Moreover, Indian Rupees could make a better gain on Friday. It closed at 55.67 where as previous closing rate was 56.80.
Anyway, its a crucial level as a shaft for Indian markets. It is advisable for a partial investment funding in Indian markets.
GOOD LUCK........
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