NIFTY TODAY: EPISODE 191

                                NIFTY TREND FOR 31-12-2012

MAJOR RESISTANCE LEVELS: 5921-5936-5959

MAJOR SUPPORT LEVELS      : 5889-5866-5852

MIDDLE TERM TARGET         : 5760-5790

Advanced new year wishes to all......

Nifty closed in green on Friday. But, Indian markets were less active last day.

Nifty ( closing ): 5908.35

Though Nifty could gain last day, it still stands at bearish zone. So, long positions are not recommended for intraday traders today.

Nifty closed below Upper Bollinger Band level ( 5939 ) and above Middle Bollinger Band level ( 5890 ).  Lower Middle Band level stands at 5840. MACD indicates a bearish market, while, RSI depicts a neutral trend. Moving Averages shows a bullish trend on both long and middle term basis.

Global markets showed a mixed trend last trading session. US and European markets closed in red, when Asian markets showed a hike in their stocks. Crude prices decreased moderately.

India VIX closed at 13.63

GOOD LUCK....................... 

               

NIFTY TODAY: EPISODE 190

                               NIFTY TREND FOR 28-12-2012

MAJOR RESISTANCE LEVELS: 5912-5954-5980

MAJOR SUPPORT LEVELS      : 5850-5824-5783

MIDDLE TERM TARGET          : 5760-5790

Nifty showed a fall and it got good support at 5875 range as we predicted yesterday ( Ref: NIFTY TODAY: EPISODE 189 ). It closed with loss of 36 points on Thursday. Bank stocks showed a bearish trend last trading session.

Nifty ( closing ): 5870.10

Nifty closed at a bearish zone yesterday. Long ( buying ) positions are not advisable for intraday traders today. Nifty can get good support at 5824-5828 range. 

Nifty closed below the Middle Bollinger Band level on Thursday. Upper Bollinger Band passes through 5940 and Lower Bollinger Band through 5828. MACD implies a bearish trend. But, RSI chart shows a neutral trend. 

Crude price remained same when Rupees depreciated against dollar. India VIX closed at 13.74 with 2.55% loss.

GOOD LUCK....................

NIFTY TODAY: EPISODE 189

                                  NIFTY TREND FOR 27-12-2012

MAJOR RESISTANCE LEVELS: 5926-5950-5986

MAJOR SUPPORT LEVELS      : 5875-5838-5816

MIDDLE TERM TARGET          : 5760-5790

Indian markets showed a remarkable hike last trading session. Nifty increased 0.85% ( 50 points ) yesterday. After a steady steady opening, Nifty showed a steep increase by 11 AM. 

Nifty ( closing ) : 5905.60

Though Nifty drew a bullish market yesterday, a bearish market can be expected today. So, long positions should be taken very carefully.

Upper Bollinger Band stands at 5972, Middle Bollinger Band at 5875 and Lowe Bollinger Band at 5780. The first resistance level of Nifty also lies at 5876 with Middle Bollinger Band level. So, it will be a crucial support level today. MACD line stands below signal line as it shows a bearish trend. RSI indicates neutral trend.

US and European markets showed a fall last day. But, Asian markets closed in green. NIKKIE marked 9-month high, when Yen touched 20-month low rate. Global markets are eagerly waiting for   US budget talk.

India VIX closed at 14.10 with 2.64% increase.

GOOD LUCK...............................

NIFTY TODAY: EPISODE 188

                                     NIFTY TREND FOR 26-12-2012

MAJOR RESISTANCE LEVELS: 5869-5884-5896

MAJOR SUPPORT LEVELS      : 5848-5832-5819

MIDDLE TERM TARGET          : 5760-5790

Indian markets closed in green on Monday. It was a neutral market last trading session. Nifty gained 8 points.

Nifty ( closing ) : 5855.75

Nifty closed at a neutral status last day. But, it is bearish now. Long ( buying ) positions are not advisable for intraday traders today.

Nifty closed just below the Middle Bollinger Band level ( 5860 ) Lower Bollinger Band stands at 5724. MACD still indicates bearish trend and RSI reveals neutral trend.

Global markets showed mixed trend. US and European markets were down on Monday except FTSE. But, Asian markets indicated a bullish trend. Crude price closed steadly.

India VIX closed at 14.49.

GOOD LUCK.........................

NIFTY TODAY: EPISODE 187

                                   NIFTY TREND FOR 24-12-2012

MAJOR RESISTANCE LEVELS: 5874-5904-5920

MAJOR SUPPORT LEVELS      : 5833-5813-5786

MIDDLE TERM TARGET          : 5760-5790

Indian markets were bearish on Friday. Nifty lost 69 points ( 1.16% ). Only two stocks, ITC and TCS, closed in green in NSE last trading session. We have predicted a possibility of a heavy fall in Indian markets these days ( Ref: NIFTY TODAY: EPISODE 186 ).

Nifty ( closing ) : 5847.70

Nifty closed in a bearish zone. So, long ( buying ) positions may be at risk for intraday traders on Monday.

Nifty closed below the Middle Bollinger Band level ( 5852 ). It indicates a very weak trend. MACD also shows a bearish trend. But, RSI reveals a neutral status.

All the global indices were down on Friday. Rupees got neither loss nor gain against dollar. Brent crude prices decreased.

India VIX closed at 14.63 points with the gain of 0.31 point.

GOOD LUCK.........................

NIFTY TODAY: EPISODE 186

                                              NIFTY TREND FOR 21-12-2012

MAJOR RESISTANCE LEVELS: 5941-5968-5998

MAJOR SUPPORT LEVELS      : 5890-5856-5830

MIDDLE TERM TARGET           : 5760-5790

Indian markets were bearish yesterday. Though Nifty closed in red on Thursday, Steel companies could gain. 

Nifty ( closing ) : 5916.40

Nifty may bearish today. There is a chance for a big fall in Indian indices these days. So, long positions cannot be recommended. 

Global markets showed a mixed response last trading session. MACD indicates bearish market. But, RSI gives a neutral signal. Crude prices showed a slight fall. Rupees depreciated against dollars.

Gujarat election may give more power to opposition. It may cause weakness for central government. If it happened so, Indian markets would be in a trouble.

India VIX closed at 14.32 with 0.15 point decrease.

GOOD LUCK.........................

 

NIFTY TODAY: EPISODE 185

                                            NIFTY TREND FOR 20-12-2012

MAJOR RESISTANCE LEVELS: 5941-5954-5969

MAJOR SUPPORT LEVELS      : 5919-5900-5889

MIDDLE TERM TARGET          : 5760-5790

Indian markets were bullish on Wednesday with the world markets. Nifty gained 33 points.

Nifty ( closing ) : 5929.60

Nifty closed at neutral level last day. It may move upward or downward today. But, there will be more chance for a bearish market.

MACD line and Signal line intersected and both are at the same level. RSI just slipped from 'overbought' status. Middle Bollinger Band stands at 5820.

Global markets were closed in green except US markets. Brent crude prices increased. Rupees got strength against dollars.

GOOD LUCK................

NIFTY TODAY: EPISODE 184

                                      NIFTY TREND FOR 19-12-2012

MAJOR RESISTANCE LEVELS: 5923-5957-6008

MAJOR SUPPORT LEVELS     : 5848-5793-5763

MIDDLE TERM TARGET         : 5760-5790

Nifty increased 0.66% on Tuesday. Though we have predicted a bearish market, we gave INTRADAY TIP to buy Nifty Futures and it achieved our third target ( profit: 85 points ) yesterday. 

Nifty ( closing ): 5896.80

Nifty is still bearish. Long ( buying ) positions should be taken very carefully today.

MACD shows bearish trend after a long interval. RSI still indicates 'overbought' status which predicts a bearish market. But, Bollinger Middle Band increased to the level, 5810.

World markets were bullish last session of the trade except Straits Times and Hang Seng which were down by 0.06% and 0.08% respectively. Rupees closed steadily. Brent Crude price increased.

India VIX closed at 14.44 with 3.22% decrease.

GOOD LUCK.................

INTRADAY TIP

BUY NIFTY FUTURES @ 5855

TARGETS: 5881-5912-5940

STOP LOSS : 5824

GOOD LUCK.............

NIFTY TODAY: EPISODE 183

                                    NIFTY TREND FOR 18-12-2012

MAJOR RESISTANCE LEVELS: 5875-5899-5914

MAJOR SUPPORT LEVELS      : 5848-5831-5810

MIDDLE TERM TARGET          : 5760-5790

Nifty lost 22 points on Monday. It was a bearish market as we predicted yesterday ( Ref: NIFTY TODAY: EPISODE 182 ).

Nifty ( closing ): 5857.90

Nifty closed at neutral status on yesterday. But, it may show bearish trend today. Sometimes, it may touch our Middle Term Targets these days ( not impossible today itself ).

MACD shows neutral trend and RSI indicates bearish trend. Nifty stands very close to Middle Bollinger Band level ( 5788 ). 

US markets closed in green, when European markets closed steadily. Asian markets showed weak trend last trading session. Rupees depreciated against dollar. Crude rates decreased by 0.27%. 

India VIX increased 4.85% and closed at 14.92.

GOOD LUCK......................

INTRADAY TIP

SELL NIFTY FUTURES AT 5902

TARGETS  : 5878-5849-5817

STOP LOSS : 5933

GOOD LUCK......................

NIFTY TODAY: EPISODE 182

                                 NIFTY TREND FOR 17-12-2012

MAJOR RESISTANCE LEVELS: 5893-5914-5943

MAJOR SUPPORT LEVELS      : 5855-5823-5805

MIDDLE TERM TARGET          : 5760-5790

Nifty closed with increase 28 points on Friday. Market showed a moderate bullish trend on its last session. We had predicted that Nifty may move at any direction ( upward or downward ), though it is bearish ( Ref: NIFTY TODAY: EPISODE 181 ).

Nifty ( closing ): 5879.60

Nifty got a correction on Friday, though it was a small one. It is strong bearish now. Long ( buying ) positions are not safe for the intraday traders on Monday.

MACD line striked on signal line. Thus, MACD lost its bullish trend. Next, RSI stands still at 'overbought' region ( bearish indication ).

Global markets showed a mixed trend at closing on Friday. India VIX closed at 14.23 with 3.26% hike.

GOOD LUCK.......................

NIFTY TODAY: EPISODE 181

                                           NIFTY TREND FOR 14-12-2012

MAJOR RESISTANCE LEVELS: 5889-5932-5958

MAJOR SUPPORT LEVELS      : 5831-5803-5762

MIDDLE TERM TARGET          : 5760-5790

Nifty showed a clear bearish trend on Thursday just as we predicted. Nifty lost 37 points and closed at 5851.50. Auto stocks showed a remarkable fall on Thursday.

Nifty ( closing ): 5851.50

Nifty is still bearish. But, long ( buying ) and short ( selling ) positions should be taken carefully as Indian markets may move at any direction today. Nevertheless, there is a little more probability goes towards a bearish market.

MACD shows positive trend. But, signal line is reached very closely. RSI indicates 'overbought' status and it reveals a bearish trend.

Global markets showed a negative closing yesterday except NIKKIE which increased 1.66%.

India VIX increased 0.20% and closed at 14.71.

GOOD LUCK.....................

NIFTY TODAY: EPISODE 180

                                          NIFTY TREND FOR 13-12-2012

MAJOR RESISTANCE LEVELS: 5915-5947-5969

MAJOR SUPPORT LEVELS      : 5871-5846-5817

MIDDLE TERM TARGET          : 5760-5790

Nifty closed in red on Wednesday just as we predicted ( Ref: NIFTY TODAY: EPISODE 178 ). Indian markets restricted in a small range of movements ( 51 points ) last trading session. Motor sector showed a positive trend yesterday. M & M, BAJAJAUTO and HEROMOTOCO were the top Nifty gainers yesterday. 

Nifty ( closing ): 5888

Nifty is still bearish and short ( selling ) positions may be advised for intraday traders today.

Though MACD depicts bullish trend, it's strength has been narrowed after trading session on Wednesday. In addition, RSI indicates 'overbought' status. Next, Middle Bollinger Band touched on our middle term target level ( 5765 ).

All the global markets closed in green in the closing except Indian markets. World markets are waiting for US's fiscal policy. European markets performed well based on good data from Germany.

India VIX closed at 14.51 with 0.14% decrease.

GOOD LUCK..................

NIFTY TODAY: EPISODE 179

                                          NIFTY TREND FOR 12-12-12

MAJOR RESISTANCE LEVELS: 5953-6010-6056

MAJOR SUPPORT LEVELS       : 5858-5810-5755

MIDDLE TERM TARGET           : 5760-5790

Nifty closed just below the 5900 mark with slight loss of 10 points on Monday. It showed a hike in the morning and then, it started to decrease continuously till the evening. We have predicted a bearish market yesterday ( Ref: NIFTY TODAY: EPISODE 178). Our INTRADAY TIP achieved it's second target yesterday with 54 points/lot.

Nifty ( closing ): 5898.80

Nifty may have a positive opening and it may show a neutral or bearish closing. So, long (buying)positions are not recommended at all. 

Federal Reserve meeting has begun for declaring it's policy. The meeting is arranged for 2 days. All the global markets are waiting eagerly for the upcoming policy. In this context, most of the world markets closed in green including US markets.

Crude prices increased by around 1%. Dollar marked a slight fall against Rupees. Gold price a;so showed a slight fall.

INDIA VIX closed at 14.67 with 0.16% increase.

GOOD LUCK.......................

INTRADAY TIP

SELL NIFTY FUTURES NOW @ CMP 5989.

TARGETS: 5963-5935-5905

STOP LOSS : 6020

GOOD LUCK..............

NIFTY TODAY: EPISODE 178

NIFTY TREND FOR 11-12-2012

MAJOR RESISTANCE LEVELS: 5921-5938-5956

MAJOR SUPPORT LEVELS      : 5895-5874-5860

MIDDLE TERM TARGET           : 5760-5790

Nifty closed steadily at 5909 with 1.50 points gain. Bank stocks were the gainers of the last trading session.

Nifty is bearish. Long positions should be taken carefully today. 

MACD shows positive trend. But, RSI indicates 'overbought' status ( bearish signal). Global markets closed with a mixed mood with mild differences.

GOOD LUCK.....................

NIFTY TODAY: EPISODE 177

NIFTY TREND FOR 10-12-2012

MAJOR RESISTANCE LEVELS: 5939-5977-6003

MAJOR SUPPORT LEVELS      : 5882-5853-5818

MIDDLE TERM TARGET           : 5760-5790

Nifty closed at bearish zone on Friday. Long ( buying) positions should be taken very carefully and short positions may be favorable for the day.

Nifty ( closing) : 5907.40

 Nifty lost 24 points on Friday. DLF was the top loser in NSE.

 Nifty may move towards Middle Bollinger Band level, 5725 on long term basis. RSI indicates 'overbought' status and bearish trend. But, still MACD shows positive trends.

GOOD LUCK...................

NIFTY TODAY: EPISODE 176

NIFTY TREND FOR 07-12-2012

MAJOR RESISTANCE LEVELS: 5969-6010-6075

MAJOR SUPPORT LEVELS      : 5866-5799-5759

Nifty moved yesterday just as we predicted. 5944 was the crucial level of the day (Ref: NIFTY TODAY: EPISODE 175). 

 

In Daily Nifty Chart, a doji is formed yesterday. Again, Nifty reached in a neutral status by closing level of the last market. We can expect a neutral closing on Friday.

 Upper Bollinger Band stands at 5959 level. Next, RSI shows obvious ' oversold' status. Nevertheless, MACD reveals strong bullish market. 

Global markets closed in green last day. Besides, BSP leader, Kumari Mayawati decided to support UPA government in 'retail FDI vote'. These factors can influence Indian markets positively.

GOOD LUCK...................... 

INTRADAY TIP

BUY NIFTY FUTURES @ 5908

TARGETS: 5933-5961-5992

STOP LOSS: 5877

GOOD LUCK...........

NIFTY TODAY: EPISODE 175

NIFTY TREND FOR 06-12-2012

MAJOR RESISTANCE LEVELS: 5915-5932-5944

MAJOR SUPPORT LEVELS      : 5890-5875-5960

Nifty showed an exact neutral trend as we predicted yesterday. It got good resistance at our second resistance level ( Ref: NIFTY TODAY: EPISODE 174). 

5944 level will be crucial for Nifty today. It comes third resistance level as well as the peak level of Nifty in the first half of 2011 ( April 6, 2011). Nifty may get strong resistance at this level.

MACD indicates strong bullish trend when RSI shows 'oversold' status. All the global markets were in green except Nasdaq ( -0.77%). Apart from that, US Exim bank allowed credit for $2.1 billion to the Reliance Industries. This is able to make positive impact on Indian markets.

INTRADAY TIP

BUY NIFTY FUTURES @ 5934 NOW.

TARGETS: 5957-5981-6028

STOP LOSS: 5934

GOOD LUCK...........

NIFTY TODAY: EPISODE 174

NIFTY TREND FOR 05-12-2012

MAJOR RESISTANCE LEVELS: 5903-5919-5941

MAJOR SUPPORT LEVELS      :  5868-5844-5829

NIFTY ( Closing): 5889.25

Nifty closed just as we predicted yesterday. Positions ( long & short) should be taken carefully today as Indian markets can move any side. Nifty is at a neutral status now.

MACD indicates strong bullish trend. But, RSI shows 'oversold' status obviously. Upper Bollinger Band stands just above yesterday's high level ( 5898). HSBC's prediction regarding growth rate of India may impact in Indian markets. They forecast that India to retain it's growth rate until 2020 by unilateral trading relationship with China.

GOOD LUCK................... 

INTRADAY TIP

BUY NIFTY FUTURES @ 5915

TARGETS: 5938-5965-5997

STOP LOSS: 5980-5982

GOOD LUCK..........

NIFTY TODAY: EPISODE 173

NIFTY TREND FOR 04-12-2012

MAJOR RESISTANCE LEVELS: 5895-5921-5941

MAJOR SUPPORT LEVELS      : 5851-5830-5804

Nifty (closing): 5870.95

Indian markets are bullish on middle term basis. We can expect a bullish or neutral market on Tuesday.

Nifty closed just above the Upper Bollinger Band level (5868) at 5871. MACD signals show a bullish market. In addition, RSI is just reached at 'oversold' region which indicates a bearish sign. Moreover, the government's decision to make 15000 Cr fund infusion for 'Public Sector Banks' will make a positive mood in Indian markets.

World markets showed a mixed performance. US markets were down slightly, while, European markets closed slightly bullish. NIKKIE reached seven month's high at closing.

GOOD LUCK.......................