NSE - NIFTY Recommendation

[CapitalVia]

NSE-Nifty, BSE-Sensex Technical View For 16th July, 2010

Nifty witnessed the overall volatile session after the flat opening in the
morning. Overall it is holding the higher levels & maintaining the short
term support of 5350 to 5355. Closing below this support zone may drag it
till the lower levels of 5290 to 5300 in near term. We still recommended
that traders may go for long in nifty future with the stop loss around 5345
for the targets of 5450, 5500 in near term.

Sensex is consolidating close to the higher levels of 17900 to 18000. In
the downside the next crucial short term support seems to be around the
levels of 17300 to 17400. Closing above this support zone may drag it till
the lower levels of 16900 to 17000 in near term. One may expect the upside
consolidation to continue in the market for a while.

 

[CapitalVia]

Nifty Levels for 20th August, 2010

Nifty broke the crucial resistance of 5500 today and after that it made strong closing as well.

The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we recommended to buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also.

Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who want to initiate new longs they may do above 5335 for the target of 5600 with stop loss around 5495.

 

[CapitalVia]

Re: Nifty and Bank Nifty Levels

For August 26th, 2010

Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.

Bank nifty future has closed near the days low at 10947.10 and one may expect further downside up to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200. So one may go for sell on rise strategy in it until it closes above 11200 levels.

 

[CapitalVia]

bank nifty future below 12625-12600 resulted in a good sell off and now on the downside first support is at 12450-12400 zone and on the upside resistance is at 12680 and 12780 levels.. for intraday we recommend selling at higher levels till it closes below 12625 levels for targets of 12525-12450 levels

nifty future as mentioned earlier faced strong resistance near 6245-6250 zone, and resulted in a sell off from this zone. now on the downside first support is at 6095 and 6015 level and on the upside resistance is at 6180 and 6220 levels. nifty future in the last trading session has closed below the 6160 levels and looks some more selling is due in markets going ahead, for intraday we recommend selling at higher levels till it stay below 6200-6180 levels.

 

[CapitalVia]

October Indian Share Market Review

Indian Market:
Benchmark Nifty closed below the 6000 level on expiry day for the month of October 2010 on Thursday, especially after extremely volatile trade in last one hour of trade. The market has seen highest ever turnover today; which was more than 2.6 lakh crore.

Record demand for initial public offerings in Asia is reducing the share of U.S. IPOs to an all- time low as companies from China to Malaysia and India flood the market with more equity than ever.

State-run Punjab National Bank Ltd will find it difficult to sustain margins at current levels, Chairman K.R. Kamath told reporters on Thursday.

Global Cues:
Asian markets were trading mixed on Thursday, 28 October 2010. The key benchmark indices in Hong Kong, China, South Korea, Indonesia and Japan were down by between 0.07% to 0.24%. But, the key benchmark indices in Taiwan and Singapore were up 0.14% and 0.32% respectively.

US stocks dropped on Wednesday, 27 October 2010, amid concerns that the Fed's plan to boost the economic recovery may not be large enough. The Dow Jones Industrial Average fell 43.18 points, or 0.39%, to 11126.28 and the Standard & Poor's 500 dropped 3.19 points, or 0.27%, to 1182.45.

German unemployment fell slightly in October, dropping to its lowest level in 18 years as the impact of persistently strong growth in Europe's top economy continued to filter through to the jobs market.

 

[CapitalVia]

Re: NSE - NIFTY Recommendation for 12th november

Indian Market:

Equity benchmarks lost some yesterday's gains and closed with modest losses on Wednesday, led by fall in financial, capital goods, FMCG, healthcare, telecom and metal companies' shares.

GMR Infrastructure Ltd., controlled by Indian billionaire G.M. Rao, said second-quarter profit rose 33 percent after flights started operating from a new airport terminal and a barge-mounted power plant began generation.

Tata Motors (TATAMOTORS.BO : 1302.15 +31.6) said it will be recalling some of its small car Nano to install safety measures to prevent the vehicle catching fire.

Global Cues:

Asian stock markets were mostly higher on Wednesday, despite a decline overnight in New York as U.S. investors shifted to commodities. The key benchmark indices in Indonesia, Japan, South Korea and Taiwan rose by between 0.2% to 1.17%. But, the key benchmark indices in Singapore, China and Hong Kong fell by between 0.69% to 0.95%.

U.S. stocks fell, dragging benchmark gauges to the biggest decline in three weeks, as financial and raw materials companies wiped out an early advance led by energy producers as commodities extended a rally to a 25-month high.

Honda on Tuesday announced plans to exhibit the world premiere of a prototype of the new small-sized vehicle which is scheduled to be introduced in India and Thailand in 2011.

 

[CapitalVia]

Technical View on Nifty Futures

Nifty future as expected saw a good recovery and closed near to its resistance level , we can expected some more up move above 6000 psychological level, if it manages to sustain above 6000 level we can see next level of 6070 level in short term. One should be long in nifty future till it stays above 5900 levels. Resistance for nifty future is at level of 6027/ 6060 and support is at 5925 /5865.

Resistance: It has first resistance close to the level of 6027 & after it may face the next resistance close to the level of 6060.

Support: It has first support close to the level of 5925 & after it may get the next support close to the level of 5865.

 

[prat40]

Today is labor's day , Indian stock market is closed today. Lets salute all the labors who are unsung hero of world's economy.

 

[prat40]

The Indian markets continued its downtrend for the second consecutive day and closed the session in the red zone. The markets carried previous sessions' losses amid global weakness and remained under pressure, losing grounds in trade today as the investors booked profits whole day. The rupee hit its four-month low today, which further weighed on the market sentiments. The Sensex declined 150 points and the Nifty slipped 50 points.

 

[prat40]

Nifty ! it is going down.Lets have statistics for the day
Trend : DOWN
Call Price : 5463.95

Current market price : 5151.45

Earlier target achieved @ 5245.35 in 4 Days
Next Target : 5136.10
Time Frame : 6 Days

 

[prat40]

Stock Name : NIFTY
Trend : DOWN
Call Price : 5463.95

Current market price : 5094.75

Earlier target achieved @ 5136.10 in 28 Days
Next Target : 5026.80
Time Frame : 9 Days

 

[prat40]

Stock Name : NIFTY
Exchange : NSE
Trend : DOWN
Call Price : 5463.95

Current market price : 4827.75

Earlier target achieved @ 4917.55 in 4 Days
Next Target : 4808.25

 

[prat40]

Market was high today. I am not tracking market for some days so board members I need your help.