THANK U..........................
Wednesday, August 29, 2012
PERSONAL MATTER
I COULDN'T WRITE MY BLOG LAST DAYS AS I WAS TRAVELLING TO CANADA. I WILL START IT SOON FROM HERE.
Friday, August 24, 2012
Thursday, August 23, 2012
NIFTY TODAY : EPISODE 169
NIFTY TREND FOR 24-08-2012
Major Resistance Levels : 5446-5477-5504
Major Support Levels : 5388-5360-5330
MACD reveals that a bullish trend may see tomorrow. But, RSI is at over bought region which means a bearish trend.
Most probably, Nifty may close in green tomorrow. If Nifty falls tomorrow, it may get good support at 5388.
Nifty ( Closing ) : 5415.35
Nifty closed on a flat note today. Though Nifty couldn't close in negative zone today ( just like we predicted yesterday), it could make an increase of 2.50 points only. IT stocks could perform well.
Worries regarding CAG report on coal block allocation echoed in the parliament for the third day today. It affected Indian markets too.
India VIX closed at 16.32 with 0.75% increase.
GOOD LUCK
Major Resistance Levels : 5446-5477-5504
Major Support Levels : 5388-5360-5330
MACD reveals that a bullish trend may see tomorrow. But, RSI is at over bought region which means a bearish trend.
Most probably, Nifty may close in green tomorrow. If Nifty falls tomorrow, it may get good support at 5388.
Nifty ( Closing ) : 5415.35
Nifty closed on a flat note today. Though Nifty couldn't close in negative zone today ( just like we predicted yesterday), it could make an increase of 2.50 points only. IT stocks could perform well.
Worries regarding CAG report on coal block allocation echoed in the parliament for the third day today. It affected Indian markets too.
India VIX closed at 16.32 with 0.75% increase.
GOOD LUCK
NIFTY TODAY : EPISODE 168
NIFTY TREND FOR 23-08-2012
Major Resistance Levels : 5435-5456-5476
Major Support Levels : 5394-5372-5353
RSI stands still at over bought region, while, MACD shows bullish trend. Most probably, Nifty may close in red tomorrow and it may touch 5372.
Nifty ( Closing ) : 5412.85
European markets closed with 1-1.5% loss today due to the worries regarding the meeting between Greek Prime Minister and Eurogroup head today. It prevented Indian markets too from further gaining.
Volatility was down today. India VIX closed at 16 with 1.84% loss.
GOOD LUCK........
Major Resistance Levels : 5435-5456-5476
Major Support Levels : 5394-5372-5353
RSI stands still at over bought region, while, MACD shows bullish trend. Most probably, Nifty may close in red tomorrow and it may touch 5372.
Nifty ( Closing ) : 5412.85
European markets closed with 1-1.5% loss today due to the worries regarding the meeting between Greek Prime Minister and Eurogroup head today. It prevented Indian markets too from further gaining.
Volatility was down today. India VIX closed at 16 with 1.84% loss.
GOOD LUCK........
Wednesday, August 22, 2012
NIFTY TODAY : EPISODE 167
NIFTY TREND FOR 22-08-2012
Major Resistance Levels : 5444-5465-5503
Major Support Levels : 5382-5344-5324
MACD depicts that Nifty is on bullish. But, RSI stands at over bought region. Since, the later shows a bearish signal.
Nifty ( Closing ) : 5421
As we predicted yesterday, Nifty could close in green with the gain of 55 points today. IT stocks showed some energy today. It happened due to the expectations from Europe and US.
Moreover, improvement of monsoon and beginning steps from the government for a good financial status helped the market to keep it strong.
Volatility was high and India Vix closed at 16.30
GOOD LUCK.......
Major Resistance Levels : 5444-5465-5503
Major Support Levels : 5382-5344-5324
MACD depicts that Nifty is on bullish. But, RSI stands at over bought region. Since, the later shows a bearish signal.
Nifty ( Closing ) : 5421
As we predicted yesterday, Nifty could close in green with the gain of 55 points today. IT stocks showed some energy today. It happened due to the expectations from Europe and US.
Moreover, improvement of monsoon and beginning steps from the government for a good financial status helped the market to keep it strong.
Volatility was high and India Vix closed at 16.30
GOOD LUCK.......
NIFTY TODAY : EPISODE 167
NIFTY TREND FOR 22-08-2012
Major Resistance Levels : 5444-5465-5503
Major Support Levels : 5382-5344-5324
MACD depicts that Nifty is on bullish. But, RSI stands at over bought region. Since, the later shows a bearish signal.
Nifty ( Closing ) : 5421
As we predicted yesterday, Nifty could close in green with the gain of 55 points today. IT stocks showed some energy today. It happened due to the expectations from Europe and US.
Moreover, improvement of monsoon and beginning steps from the government for a good financial status helped the market to keep it strong.
Volatility was high and India Vix closed at 16.30
GOOD LUCK.......
Major Resistance Levels : 5444-5465-5503
Major Support Levels : 5382-5344-5324
MACD depicts that Nifty is on bullish. But, RSI stands at over bought region. Since, the later shows a bearish signal.
Nifty ( Closing ) : 5421
As we predicted yesterday, Nifty could close in green with the gain of 55 points today. IT stocks showed some energy today. It happened due to the expectations from Europe and US.
Moreover, improvement of monsoon and beginning steps from the government for a good financial status helped the market to keep it strong.
Volatility was high and India Vix closed at 16.30
GOOD LUCK.......
Tuesday, August 21, 2012
Monday, August 20, 2012
NIFTY TODAY : EPISODE 166
NIFTY TREND FOR 21-08-2012
Major Resistance Levels : 5399-5432-5460
Major Support Levels : 5335-5306-5275
Nifty closed at neutral zone on Friday. MACD shows bullish signal and RSI indicates neutral one. Most probably, Nifty may close in green tomorrow.
Nifty ( Closing ) : 5366.30
Nifty were strong bullish till noon on Friday. But, coalgate prevented Indian markets from further gaining.
But, Finance Minister, P. Chidambaram, directed banks for making loans with low interest rate and easy procedures. He thinks that it can increase the buying power of the consumers and thus, factory production can be increased. This suggestion reveals the policy of the Finance Ministry and can be taken as the basic steps just before the strong and significant steps.
GOOD LUCK..........
Major Resistance Levels : 5399-5432-5460
Major Support Levels : 5335-5306-5275
Nifty closed at neutral zone on Friday. MACD shows bullish signal and RSI indicates neutral one. Most probably, Nifty may close in green tomorrow.
Nifty ( Closing ) : 5366.30
Nifty were strong bullish till noon on Friday. But, coalgate prevented Indian markets from further gaining.
But, Finance Minister, P. Chidambaram, directed banks for making loans with low interest rate and easy procedures. He thinks that it can increase the buying power of the consumers and thus, factory production can be increased. This suggestion reveals the policy of the Finance Ministry and can be taken as the basic steps just before the strong and significant steps.
GOOD LUCK..........
Thursday, August 16, 2012
NIFTY TODAY : EPISODE 165
NIFTY TREND FOR 17-08-2012
Major Resistance Levels : 5386-5410-5423
Major Support Levels : 5347-5331-5310
MACD indicates bullish market, while, RSI shows in an over bought region ( weak trend ). If nifty breaks our first resistance ( 5386 ) easily, it may get strong bullish support. If it happens, Nifty can reach up to either third resistance level ( 5423 ) or Bollinger Upper Band level ( 5455 ).
Nifty ( Closing ) : 5362.95
Indian markets couldn't gain the third consecutive trade today. Increasing crude oil prices prevented from further gain today. Besides, weak monsoon also made market weak today.
Indian markets need some significant trading policies and their implementations urgently. The lack of them restrict Indian markets within some small ranges.
GOOD LUCK........
Major Resistance Levels : 5386-5410-5423
Major Support Levels : 5347-5331-5310
MACD indicates bullish market, while, RSI shows in an over bought region ( weak trend ). If nifty breaks our first resistance ( 5386 ) easily, it may get strong bullish support. If it happens, Nifty can reach up to either third resistance level ( 5423 ) or Bollinger Upper Band level ( 5455 ).
Nifty ( Closing ) : 5362.95
Indian markets couldn't gain the third consecutive trade today. Increasing crude oil prices prevented from further gain today. Besides, weak monsoon also made market weak today.
Indian markets need some significant trading policies and their implementations urgently. The lack of them restrict Indian markets within some small ranges.
GOOD LUCK........
Wednesday, August 15, 2012
NIFTY TODAY : EPISODE 164
HΛPP¥ !NDΣPΣNDΣN€ DΛ¥ TΘ ΛLL........
NIFTY TREND FOR 16-08-2012
Major Resistance Levels : 5406-5429-5466
Major Support Levels : 5340-5301-5279
Short / Middle Term Target : 5200-5225
Nifty couldn't touch Bollinger upper band today too. It is needed urgently for a strong bullish market. MACD produces bullish trend, when RSI stands at over bought status. Anyway, Nifty has to suffer very much at 5429-5441 level as it will be act as clear resistance level.
Nifty ( Closing ) : 5380.35
Inflation figures for the month July helped Indian markets positively. Inflation reported at 6.87% this time Vs. previous 7.25%. Most of the traders and analysts expected a hike in inflation due to lack of monsoon and its consequences. Surprisingly, inflation rate could project a decline.
The significant matter which to be considered that inflation decline happened without any remarkable actions from government and Reserve Bank of India. It could withstand lack of monsoon as well as negative IIP. It reveals the strength of Indian economy.
In this context, we should imagine regarding the growth of Indian economy when good steps implemented by RBI and central government. Hopefully, it will happen in the near future.
Jai Hind............
NIFTY TREND FOR 16-08-2012
Major Resistance Levels : 5406-5429-5466
Major Support Levels : 5340-5301-5279
Short / Middle Term Target : 5200-5225
Nifty couldn't touch Bollinger upper band today too. It is needed urgently for a strong bullish market. MACD produces bullish trend, when RSI stands at over bought status. Anyway, Nifty has to suffer very much at 5429-5441 level as it will be act as clear resistance level.
Nifty ( Closing ) : 5380.35
Inflation figures for the month July helped Indian markets positively. Inflation reported at 6.87% this time Vs. previous 7.25%. Most of the traders and analysts expected a hike in inflation due to lack of monsoon and its consequences. Surprisingly, inflation rate could project a decline.
The significant matter which to be considered that inflation decline happened without any remarkable actions from government and Reserve Bank of India. It could withstand lack of monsoon as well as negative IIP. It reveals the strength of Indian economy.
In this context, we should imagine regarding the growth of Indian economy when good steps implemented by RBI and central government. Hopefully, it will happen in the near future.
Jai Hind............
Monday, August 13, 2012
NIFTY TODAY : EPISODE 163
NIFTY TREND FOR 14-08-2012
Major Resistance Levels : 5368-5385-5413
Major Support Levels : 5316-5286-5270
Short / Middle Term Target : 5200-5225
Nifty closed below Bollinger Upper Band level ( 5416 ) today. MACD depicts bullish trend for Nifty. On the other hand, RSI reveals that market is at over bought status. So, long positions will be risky. Anyway, Indian markets are waiting for Inflation figures which to be declared tomorrow.
Nifty ( Closing ) : 5347.90
Nifty was inactive and flat trading has seen most of the trading hours. But, it showed a leap in the last hour of trade. All the sectoral indices were up at the time of trading hours. But, auto stocks showed weak trend today.TATAMOTORS & HEROMOTOCO included in the list of NSE top gainers.
Indian markets are eagerly waiting for latest monthly inflation figures. The previous inflation was at 7.25%. It may affect in further development of Indian markets.
GOOD LUCK..........
Major Resistance Levels : 5368-5385-5413
Major Support Levels : 5316-5286-5270
Short / Middle Term Target : 5200-5225
Nifty closed below Bollinger Upper Band level ( 5416 ) today. MACD depicts bullish trend for Nifty. On the other hand, RSI reveals that market is at over bought status. So, long positions will be risky. Anyway, Indian markets are waiting for Inflation figures which to be declared tomorrow.
Nifty ( Closing ) : 5347.90
Nifty was inactive and flat trading has seen most of the trading hours. But, it showed a leap in the last hour of trade. All the sectoral indices were up at the time of trading hours. But, auto stocks showed weak trend today.TATAMOTORS & HEROMOTOCO included in the list of NSE top gainers.
Indian markets are eagerly waiting for latest monthly inflation figures. The previous inflation was at 7.25%. It may affect in further development of Indian markets.
GOOD LUCK..........
Sunday, August 12, 2012
NIFTY TODAY : EPISODE 162
NIFTY TREND FOR 13-08-2012
Major Resistance Levels : 5341-5357-5379
Major Support Levels : 5295-5271-5256
Short / Middle Term Target : 5200-5225
Nifty closed at a neutral zone on Friday. Anyway, market is slightly bearish and it moves slowly towards 5200-5225 on short-middle term basis. MACD depicts bullish market, while, RSI indicates neutral one.
Nifty ( Closing ) : 5320.40
India's weak IIP data prevented the markets from gaining. Poor Chinese trade data could raise depression in all the markets of the Asian continent.
Moreover, inflation, lack of monsoon & lack of policy making and implementation from government side can make ill effect on Indian markets. So, government and RBI should be more vigilant in this special context.
Follow me on twitter : http://twitter.com/Tinkuvaraparamb
GOOD LUCK.......
Major Resistance Levels : 5341-5357-5379
Major Support Levels : 5295-5271-5256
Short / Middle Term Target : 5200-5225
Nifty closed at a neutral zone on Friday. Anyway, market is slightly bearish and it moves slowly towards 5200-5225 on short-middle term basis. MACD depicts bullish market, while, RSI indicates neutral one.
Nifty ( Closing ) : 5320.40
India's weak IIP data prevented the markets from gaining. Poor Chinese trade data could raise depression in all the markets of the Asian continent.
Moreover, inflation, lack of monsoon & lack of policy making and implementation from government side can make ill effect on Indian markets. So, government and RBI should be more vigilant in this special context.
Follow me on twitter : http://twitter.com/Tinkuvaraparamb
GOOD LUCK.......
Thursday, August 9, 2012
NIFTY TODAY : EPISODE 161
NIFTY TREND FOR 10-08-2012
Major Resistance Levels : 5361-5396-5419
Major Support Levels : 5295-5270-5236
Short / Middle Term Target : 5200-5225
MACD signal indicates bullish trend for Nifty. But, RSI depicts a neutral market. Anyway, it is needed to close above Bollinger Upper Band level ( 5384 ) for a strong bullish market. If it happens, Bollinger Upper Band will raise continuously. If Nifty loses its strength here, it may move towards Bollinger Middle Band Level ( 5221 ) on short term basis. Most probably the later may happen on short / middle term basis. Anyway, Nifty may face good resistance at 5361 tomorrow.
Nifty ( Closing ) : 5322.95
After the beginning hour of trade, Nifty moved downwards steadily today. Lower IIP data and bad financial results of big corporate companies made Indian markets depressed.
IIP for the June figured at -1.80%. It was lower than previous month. Indian markets are worried while thinking of the upcoming IIP data. It may be more weaker than the present due to insufficient monsoon.
Next, RANBAXY & TATAMOTORS couldn't declare a good financial results. BHARTI AIRTEL revealed another bad financial performance yesterday. Since, BHARTI AIRTEL was the top loser of the NSE with 6.25% loss today too. These companies undesirable financial reports may prevent traders from holding and buying positions in the market.
GOOD LUCK.......
Major Resistance Levels : 5361-5396-5419
Major Support Levels : 5295-5270-5236
Short / Middle Term Target : 5200-5225
MACD signal indicates bullish trend for Nifty. But, RSI depicts a neutral market. Anyway, it is needed to close above Bollinger Upper Band level ( 5384 ) for a strong bullish market. If it happens, Bollinger Upper Band will raise continuously. If Nifty loses its strength here, it may move towards Bollinger Middle Band Level ( 5221 ) on short term basis. Most probably the later may happen on short / middle term basis. Anyway, Nifty may face good resistance at 5361 tomorrow.
Nifty ( Closing ) : 5322.95
After the beginning hour of trade, Nifty moved downwards steadily today. Lower IIP data and bad financial results of big corporate companies made Indian markets depressed.
IIP for the June figured at -1.80%. It was lower than previous month. Indian markets are worried while thinking of the upcoming IIP data. It may be more weaker than the present due to insufficient monsoon.
Next, RANBAXY & TATAMOTORS couldn't declare a good financial results. BHARTI AIRTEL revealed another bad financial performance yesterday. Since, BHARTI AIRTEL was the top loser of the NSE with 6.25% loss today too. These companies undesirable financial reports may prevent traders from holding and buying positions in the market.
GOOD LUCK.......
Wednesday, August 8, 2012
NIFTY TODAY : EPISODE 160
NIFTY TREND FOR 09-08-2012
Major Resistance Levels : 5372-5402-5421
Major Support Levels : 5315-5294-5265
Nifty has just cut Bollinger Upper Band level, 5369 today. There are two possibilities now. One is to break Bollinger Upper Band level continuously and make it upward. Otherwise, it may turn towards Bollinger Middle Band level ( 5216 ). MACD still depicts a bullish market, while, RSI indicates neutral market.
Nifty ( Closing ) : 5338
As we predicted yesterday, Nifty closed below 5362 today even after two consecutive bullish trading days. Indian markets were depressed today due to BHARTI AIRTEL's net profit fell 37% to ₹762 Crs. Also, company projected a weak forecast too. Among the stocks, BHARTI AIRTEL was the top loser of the day with 4.4% loss.
Besides, CLSA and CRISIL downgraded India's GDP forecast.
Nevertheless, one significant matter which happened today is that FIIs marked a net buying for ₹1114 Crs. It implies that they are comfortable with investment in India up to a good extend, though there are so many risky facts including lack of monsoon.
GOOD LUCK.......
Major Resistance Levels : 5372-5402-5421
Major Support Levels : 5315-5294-5265
Nifty has just cut Bollinger Upper Band level, 5369 today. There are two possibilities now. One is to break Bollinger Upper Band level continuously and make it upward. Otherwise, it may turn towards Bollinger Middle Band level ( 5216 ). MACD still depicts a bullish market, while, RSI indicates neutral market.
Nifty ( Closing ) : 5338
As we predicted yesterday, Nifty closed below 5362 today even after two consecutive bullish trading days. Indian markets were depressed today due to BHARTI AIRTEL's net profit fell 37% to ₹762 Crs. Also, company projected a weak forecast too. Among the stocks, BHARTI AIRTEL was the top loser of the day with 4.4% loss.
Besides, CLSA and CRISIL downgraded India's GDP forecast.
Nevertheless, one significant matter which happened today is that FIIs marked a net buying for ₹1114 Crs. It implies that they are comfortable with investment in India up to a good extend, though there are so many risky facts including lack of monsoon.
GOOD LUCK.......
Tuesday, August 7, 2012
NIFTY TODAY : EPISODE 159
NIFTY TREND FOR 08-08-2012
Major Resistance Levels : 5368-5397-5439
Major Support Levels : 5291-5247-5220
MACD reveals that Nifty is on bullish trend. But, RSI shows a neutral level. Anyway, Nifty will face strong resistance at 5368, our first resistance level tomorrow. Besides, there is very less chance to close above 5362, Bollinger Upper Band tomorrow.
Nifty ( Closing ) : 5336.70
Nifty closed with around 1% gain today. TATAMOTOR was the top gainer in NSE with 4.15% increase. Most of the major global indices were in green today. It helped Indian markets to keep on upward move.
Moreover, Finance Minister, P. Chidambaram declared that India will focus on seducing fiscal deficits as well as special considerations for the overseas investors in taxation. It helped to collect net buy of ₹816 Crs. in cash segment.
On the other hand, lack of monsoon is being a problem on agricultural sector, the back bone of Indian economy.
GOOD LUCK........
Major Resistance Levels : 5368-5397-5439
Major Support Levels : 5291-5247-5220
MACD reveals that Nifty is on bullish trend. But, RSI shows a neutral level. Anyway, Nifty will face strong resistance at 5368, our first resistance level tomorrow. Besides, there is very less chance to close above 5362, Bollinger Upper Band tomorrow.
Nifty ( Closing ) : 5336.70
Nifty closed with around 1% gain today. TATAMOTOR was the top gainer in NSE with 4.15% increase. Most of the major global indices were in green today. It helped Indian markets to keep on upward move.
Moreover, Finance Minister, P. Chidambaram declared that India will focus on seducing fiscal deficits as well as special considerations for the overseas investors in taxation. It helped to collect net buy of ₹816 Crs. in cash segment.
On the other hand, lack of monsoon is being a problem on agricultural sector, the back bone of Indian economy.
GOOD LUCK........
Monday, August 6, 2012
NIFTY TODAY : EPISODE 158
NIFTY TREND FOR 07-08-2012
Major Resistance Levels : 5300-5317-5335
Major Support Levels : 5259-5239-5224
Nifty closed at around middle part of Bollinger upper and middle bands. It may get strong support at Bollinger lower band level, 5215. Also, it may reach up to Bollinger upper band level, 5365 on short term basis. MACD indicates a bullish market, while, RSI shows neutral market.
Nifty ( Closing ) : 5282.55
Indian markets opened with a good positive gap due to global cues. When Indian markets opened, all the major global markets were in green.
Among the stocks, RELIANCE showed a strong performance today. It closed with a gain of 5.5%. But, IT stocks showed weak tendency today. Anyway, among the IT stocks, WIPRO is about to make big move soon. It may move 380-410 range in this settlement.
GOOD LUCK..........
Major Resistance Levels : 5300-5317-5335
Major Support Levels : 5259-5239-5224
Nifty closed at around middle part of Bollinger upper and middle bands. It may get strong support at Bollinger lower band level, 5215. Also, it may reach up to Bollinger upper band level, 5365 on short term basis. MACD indicates a bullish market, while, RSI shows neutral market.
Nifty ( Closing ) : 5282.55
Indian markets opened with a good positive gap due to global cues. When Indian markets opened, all the major global markets were in green.
Among the stocks, RELIANCE showed a strong performance today. It closed with a gain of 5.5%. But, IT stocks showed weak tendency today. Anyway, among the IT stocks, WIPRO is about to make big move soon. It may move 380-410 range in this settlement.
GOOD LUCK..........
Saturday, August 4, 2012
NIFTY TODAY ; EPISODE 157
NIFTY TREND FOR 06-08-2012
Major Resistance Levels : 5238-5261-5296
Major Support Levels : 5174-5137-5116
MACD has crossed the signal line just above the o level. It indicates slightly bullish trend. RSI stands at neutral zone. Nifty closed just above the Bollinger middle band level ( 5200). It depicts a neutral trend. Anyway, Nifty may open with an upward gap due to global cues.
Nifty ( Closing ) : 5215.70
Nifty stayed in red all the trading hours on Friday due to worries regarding monsoon. Experts claim that there will be monsoon deficit this year. It may make negative impact on Indian markets.
On the other hand, global markets give an optimistic view to the Indian markets too. European markets closed with a gain of 2.5- 4 % on Friday, while, US markets closed around 2% up. Anyway, Indian markets have to take a direction either upward or downward.
GOOD LUCK.....................
Friday, August 3, 2012
Thursday, August 2, 2012
NIFTY TODAY : EPISODE 156
NIFTY TREND FOR 03-08-2012
Major Resistance Levels : 5243-5258-5273
Major Support Levels : 5208-5190-5178
Nifty closed again just above the Bollinger middle band. RSI signal depicts neutral trend for Nifty. The time is already over for forming a one sided move in Indian markets. Most probably, it will happen tomorrow.
Nifty ( Closing ) : 5227.75
Nifty made so many insignificant and random movements today. But, nifty could not come into positive zone today. Market volume was also less today.
ECB decided to keep the rates same. Also, they planned to evaluate inflation and growth risks. Now, everybody looks curiously towards their policy regarding Spain. Will Spain get support from ECB?
Though monsoon creates worries in Indian markets, everyone looks hopefully the placement of Mr. P. Chidamparam as Finance Minister. Traders think that he is able to tackle all the existing problems and he may bring a panacea for the present situation. Anyway, some urgent action should be taken by him as soon as possible.
GOOD LUCK.......
Major Resistance Levels : 5243-5258-5273
Major Support Levels : 5208-5190-5178
Nifty closed again just above the Bollinger middle band. RSI signal depicts neutral trend for Nifty. The time is already over for forming a one sided move in Indian markets. Most probably, it will happen tomorrow.
Nifty ( Closing ) : 5227.75
Nifty made so many insignificant and random movements today. But, nifty could not come into positive zone today. Market volume was also less today.
ECB decided to keep the rates same. Also, they planned to evaluate inflation and growth risks. Now, everybody looks curiously towards their policy regarding Spain. Will Spain get support from ECB?
Though monsoon creates worries in Indian markets, everyone looks hopefully the placement of Mr. P. Chidamparam as Finance Minister. Traders think that he is able to tackle all the existing problems and he may bring a panacea for the present situation. Anyway, some urgent action should be taken by him as soon as possible.
GOOD LUCK.......
Wednesday, August 1, 2012
NIFTY TODAY : EPISODE 155
NIFTY TREND FOR 02-08-2012
Major Resistance Levels : 5256-5272-5292
Major Support Levels : 5215-5192-5179.
Nifty closed just above the Bollinger middle band. In MACD, centre line crossover is above zero and hence, the trend shows upward. RSI charts explains a neural market.
Most probably, Nifty may make a strong one-sided move tomorrow. There is little more chance for a fall than a jump tomorrow.
Nifty ( Closing ) : 5240.50
Nifty closed with a mild gain today as we forecasted yesterday ( Ref : NIFTY TODAY : EPISODE 154 ). Traders are anxious about bad monsoon, unchanged monetary policy by RBI, lack of policy making and implementation, political inconsistency, depreciation of Indian Rupees and so on.
First, availability of monsoon is not under the control of anybody. Next, RBI was unable to cut rates up to some extends as inflation is on increase. But, government has to do much more this crucial time. It is the time for taking serious steps for industrial development of the country. Government should take courageous steps for making and implementation of hard decisions for the financial growth of the country. After two more years, India will have to face union election. So, government will have to focus on public welfare programs during that period.
GOOD LUCK.......
Major Resistance Levels : 5256-5272-5292
Major Support Levels : 5215-5192-5179.
Nifty closed just above the Bollinger middle band. In MACD, centre line crossover is above zero and hence, the trend shows upward. RSI charts explains a neural market.
Most probably, Nifty may make a strong one-sided move tomorrow. There is little more chance for a fall than a jump tomorrow.
Nifty ( Closing ) : 5240.50
Nifty closed with a mild gain today as we forecasted yesterday ( Ref : NIFTY TODAY : EPISODE 154 ). Traders are anxious about bad monsoon, unchanged monetary policy by RBI, lack of policy making and implementation, political inconsistency, depreciation of Indian Rupees and so on.
First, availability of monsoon is not under the control of anybody. Next, RBI was unable to cut rates up to some extends as inflation is on increase. But, government has to do much more this crucial time. It is the time for taking serious steps for industrial development of the country. Government should take courageous steps for making and implementation of hard decisions for the financial growth of the country. After two more years, India will have to face union election. So, government will have to focus on public welfare programs during that period.
GOOD LUCK.......
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