We expect the market to correct a bit before moving up.The correction may to take to level of 5130-5140 levels.Below that it can move down to 5100 levels.
Wait for taking long position since market is in consolidation mode.
Resistant is placed at yesterday's high at 5215-5220 levels move above this will take to 5250-5260
levels.
Support is placed at yesterday's low(5176) below that it can move down to 5130-5140 and ultimately to the target of 5100 levels.
Stock to watch
ABIRLANOVA -BEARISH VIEW
TATAMOTORS -PROFIT BOOKING EXPECTED
WIPRO - PROFIT BOOKING
JPASSOCIATE-BULLISH VIEW
Wednesday, December 30, 2009
Tuesday, December 29, 2009
Thursday, December 24, 2009
Wednesday, December 23, 2009
Tuesday, December 22, 2009
Monday, December 21, 2009
Friday, December 18, 2009
Nifty daily chart update for 18/12/2009
Market is still week so any rise in the market can be used for taking short position with stoploss of 5080 levels.
Trading below 5000 will be panic up to 4930-4950 levels.Dont short in the opening bell wait for 15-20 minutes and take the short position for today's trade.Rebound likely in first hour of the today's trade.
Best to your trading!
Trading below 5000 will be panic up to 4930-4950 levels.Dont short in the opening bell wait for 15-20 minutes and take the short position for today's trade.Rebound likely in first hour of the today's trade.
Best to your trading!
Thursday, December 17, 2009
Wednesday, December 16, 2009
Tuesday, December 15, 2009
Monday, December 14, 2009
Nifty daily chart update for 14/12/09
Nifty is in consolidation mode either side breakout will provide us the answer(bull trend or bear trend).
Support remains at 5080 and resistant at 5150-5160.Closing above resistant for two or three days will take to new highs in coming days.
Best to your trading.
Support remains at 5080 and resistant at 5150-5160.Closing above resistant for two or three days will take to new highs in coming days.
Best to your trading.
Thursday, December 10, 2009
Nifty daily chart update for 10/12/2009
Today's levels
Support remains at 5100-5110 trading below will lead to 5045-5055(as already mentioned in yesterday's post).
Now for the up move trading above 5150-5155 will take to 5190-5200 levels.
Market is range bound breakout either side will provide us the solution.Best is to take profit at regular intervals.
Support remains at 5100-5110 trading below will lead to 5045-5055(as already mentioned in yesterday's post).
Now for the up move trading above 5150-5155 will take to 5190-5200 levels.
Market is range bound breakout either side will provide us the solution.Best is to take profit at regular intervals.
Wednesday, December 9, 2009
Nifty daily chart update for 09/12/2009
Today's level
Nifty made the high of 5152 and closed at 5147 now if trades above the high then will lead to 5181-5200 or else the down trend will resume.Support remains at 5135-5140 levels below the
5100-5110.
Trading below 5100-5110 for 15 to 20 minutes then it will lead to Monday's low of 5045-5055
level.
We are waiting for the ultimate target of 4950-4960 in coming day's
Nifty made the high of 5152 and closed at 5147 now if trades above the high then will lead to 5181-5200 or else the down trend will resume.Support remains at 5135-5140 levels below the
5100-5110.
Trading below 5100-5110 for 15 to 20 minutes then it will lead to Monday's low of 5045-5055
level.
We are waiting for the ultimate target of 4950-4960 in coming day's
Tuesday, December 8, 2009
Nifty daily chart update for 08/12/2009
Yesterday nifty broke the support and traded well below the level of 5100-5105.Now the broken level becomes the resistant for coming trading session.Trading below the low of yesterday will lead
to 5025-5035 and below that 4925-4935 levels.
For the upmove trading above the level of 5100-5105 will take to 5133-5140(minor resistant) and
above that 5181-5200 levels.
Best to your trading!
to 5025-5035 and below that 4925-4935 levels.
For the upmove trading above the level of 5100-5105 will take to 5133-5140(minor resistant) and
above that 5181-5200 levels.
Best to your trading!
Monday, December 7, 2009
Friday, December 4, 2009
Thursday, December 3, 2009
Wednesday, December 2, 2009
Nifty daily chart update for 02/12/2009
Nifty support and resistant levels
World market are positive so expect our market to be positive today.Trading above the high of yesterday will lead to previous high at 5181 and it may lead to 5220 levels in coming days.
On the other side the hourly indicators are showing overbought levels,so we may expect some profit booking as the day proceeds.Support remains at 5110-5115 and below that 5070-5080 levels
World market are positive so expect our market to be positive today.Trading above the high of yesterday will lead to previous high at 5181 and it may lead to 5220 levels in coming days.
On the other side the hourly indicators are showing overbought levels,so we may expect some profit booking as the day proceeds.Support remains at 5110-5115 and below that 5070-5080 levels
Monday, November 30, 2009
Friday, November 27, 2009
Thursday, November 26, 2009
Wednesday, November 25, 2009
Tuesday, November 24, 2009
Monday, November 23, 2009
Friday, November 20, 2009
Thursday, November 19, 2009
Wednesday, November 18, 2009
Nifty daily chart update for 18/11/2009
Nifty Levels
Resistant : 5078,5110
Support :5050,5015,4090
Yesterday we have mentioned to go long with the stop loss of 5030-5040,but nifty broke the support and bounced back.we are maintaining the same target(5110) for the nifty today also.
Tuesday, November 17, 2009
Monday, November 16, 2009
Friday, November 13, 2009
Thursday, November 12, 2009
Wednesday, November 11, 2009
Tuesday, November 10, 2009
Nifty daily chart update for 10/11/2009
Nifty has next target of 4975 and 5060 as mentioned in our yesterday's chart
Support remains at the breakout level at 4830-4850 levels.
Support remains at the breakout level at 4830-4850 levels.
Monday, November 9, 2009
Friday, November 6, 2009
Thursday, November 5, 2009
Wednesday, November 4, 2009
Monday, November 2, 2009
Friday, October 30, 2009
Thursday, October 29, 2009
Wednesday, October 28, 2009
Tuesday, October 27, 2009
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Sunday, October 25, 2009
Thursday, October 22, 2009
Wednesday, October 21, 2009
Friday, October 16, 2009
Thursday, October 15, 2009
Monday, October 12, 2009
Wednesday, October 7, 2009
Tuesday, October 6, 2009
Monday, October 5, 2009
Mcx commodity technicals for 05/10/2009
Crude oil (Oct contract)
Crude oil remains in the same position
Short term trend negative changing to positive
Resistant :3345-3350 above that it can move to 3454-3460 levels
Support at 3280-3290 below that it can move down to 3252-3255 levels
Copper (Nov contract)
Short term trend negative
Resistant at 298-300 above that it can move to 304.
support at 286-288 below that it can move down to 275 levels
Gold
Short term trend positive
Crude oil remains in the same position
Resistant at 15737-15750 above that it can move to 15870.
Support at 15510-15535.
Crude oil remains in the same position
Short term trend negative changing to positive
Resistant :3345-3350 above that it can move to 3454-3460 levels
Support at 3280-3290 below that it can move down to 3252-3255 levels
Copper (Nov contract)
Short term trend negative
Resistant at 298-300 above that it can move to 304.
support at 286-288 below that it can move down to 275 levels
Gold
Short term trend positive
Crude oil remains in the same position
Resistant at 15737-15750 above that it can move to 15870.
Support at 15510-15535.
Thursday, October 1, 2009
Wednesday, September 30, 2009
Tuesday, September 29, 2009
Friday, September 25, 2009
Thursday, September 24, 2009
Nifty daily chart update for 24/09/2009
Stock to watch
Tata steel
Tata motors
Sbin
Pnb
Lic housing finance
Mphasis
Ranbaxy
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