Dec 28,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3974.25. SENSEX Close 13859.69.
Momentum in the market is positive. An intraday high above 3997.75(short term) is ineviatable. Concentration in put writing implies the long positions build up in the market. However, trade cautiously. Today is a settlement day. Wild swings can be expected.
A close below 3801.65 is inevitable in the long term.
NIFTY charts has an indication for a new high, before the fall started. New highs could be expected this december/january period.
Immediate support lies at 3919. NO resistance.
Today's upper band lies at 4080.90. Today's lower band lies at 3735.35.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ASHOK LEYLAND. Minimum Target around 49.
Thursday, December 28, 2006
Tuesday, December 26, 2006
Dec 26,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3871.15. SENSEX Close 13471.74.
A close below 3801.65 is inevitable. However,a pull back from this level is not ruled out. But the closing low mentioned should happen, before such a pull back. It would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3817.85. Immediate resistance at 3985.85.
Today's upper band lies at 4081.2. Today's lower band lies at 3735.55.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SUJANA METAL
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3871.15. SENSEX Close 13471.74.
A close below 3801.65 is inevitable. However,a pull back from this level is not ruled out. But the closing low mentioned should happen, before such a pull back. It would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3817.85. Immediate resistance at 3985.85.
Today's upper band lies at 4081.2. Today's lower band lies at 3735.55.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SUJANA METAL
Friday, December 22, 2006
Dec 22,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3833.50. SENSEX Close 13384.86.
As mentioned yesterday, an intraday low below 3770.55 did happen. But a close below 3801.65 is inevitable too. Even a pull back from this level is not ruled out. But the closing low mentioned should happen, before such a pull back. It would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4087.4192. Today's lower band lies at 3747.95.
If NIFTY closes below lower band, you can start buying systematically and buy in every dip. It would be the best strategy. Intraday long positions too are encouraged if NIFTY is 15-20 points lower than lower than lower band.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
CLASSIC DIAMONDS
TEXMACO
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3833.50. SENSEX Close 13384.86.
As mentioned yesterday, an intraday low below 3770.55 did happen. But a close below 3801.65 is inevitable too. Even a pull back from this level is not ruled out. But the closing low mentioned should happen, before such a pull back. It would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4087.4192. Today's lower band lies at 3747.95.
If NIFTY closes below lower band, you can start buying systematically and buy in every dip. It would be the best strategy. Intraday long positions too are encouraged if NIFTY is 15-20 points lower than lower than lower band.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
CLASSIC DIAMONDS
TEXMACO
Thursday, December 21, 2006
Dec 21,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3815.15. SENSEX Close 13340.21.
An intraday low of 3770.55 is inevitable. A close below 3801.65 is inevitable.
Even a pull back from this level is not ruled out. But the intraday low and closing low mentioned should happen before such a pull back. It would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4087.4192. Today's lower band lies at 3747.95.
If NIFTY closes below lower band, you can start buying systematically and buy in every dip. It would be the best strategy. Intraday long positions too are encouraged if NIFTY is 15-20 points lower than lower than lower band.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
no stocks
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3815.15. SENSEX Close 13340.21.
An intraday low of 3770.55 is inevitable. A close below 3801.65 is inevitable.
Even a pull back from this level is not ruled out. But the intraday low and closing low mentioned should happen before such a pull back. It would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4087.4192. Today's lower band lies at 3747.95.
If NIFTY closes below lower band, you can start buying systematically and buy in every dip. It would be the best strategy. Intraday long positions too are encouraged if NIFTY is 15-20 points lower than lower than lower band.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
no stocks
Wednesday, December 20, 2006
Dec 20,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3832 . SENSEX Close 13382.01.
An intraday low of 3770.55 is inevitable. But the time of its occurence is not predictable. If NIFTY closes below 3822.85, then a close below 3801.65 is inevitable.
Even a pull back from this level is not ruled out. But the intraday low should occur, which would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, maintaining patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4085.70865. Today's lower band lies at 3759.467.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
POWER TRADING CORPORATION
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3832 . SENSEX Close 13382.01.
An intraday low of 3770.55 is inevitable. But the time of its occurence is not predictable. If NIFTY closes below 3822.85, then a close below 3801.65 is inevitable.
Even a pull back from this level is not ruled out. But the intraday low should occur, which would provide strength to pull back.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So, maintaining patience and discipline in investing would fetch decent profits. Many global funds are waiting to invest in this market. So don't get panic and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4085.70865. Today's lower band lies at 3759.467.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
POWER TRADING CORPORATION
Monday, December 18, 2006
Dec 18,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3888.65 . SENSEX Close 13614.50.
As mentioned in the previous post, NIFTY has sustained and closed above 3861.25. It is a good signal. A close above 3896.30 is inevitable.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4083.80. Today's lower band lies at 3756.45.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
GVK POWER & INFRA
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3888.65 . SENSEX Close 13614.50.
As mentioned in the previous post, NIFTY has sustained and closed above 3861.25. It is a good signal. A close above 3896.30 is inevitable.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3985.85.
Today's upper band lies at 4083.80. Today's lower band lies at 3756.45.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
GVK POWER & INFRA
Friday, December 15, 2006
Dec 14,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has closed convincingly above 50 day sma. It is a good sign. If it crosses 3861.25 convincingly and sustains above it, then the pull back may end up with new highs within two months.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3870.95.
Today's upper band lies at 4083.75. Today's lower band lies at 3755.35.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
EASTERN SILK
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has closed convincingly above 50 day sma. It is a good sign. If it crosses 3861.25 convincingly and sustains above it, then the pull back may end up with new highs within two months.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3733.50. Immediate resistance at 3870.95.
Today's upper band lies at 4083.75. Today's lower band lies at 3755.35.
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
EASTERN SILK
Thursday, December 14, 2006
Dec 14,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
A close above 50 day sma (3797.35)is required for the confirmation of next upward move. Till then bearishness prevail. However, NIFTY closed above lower band (3759.4) yesterday, which is a good sign.
This is an opportunity for the people, who are awaiting with cash to be invested. Long Term investors could start buying stocks systematically. The investments should be done systematically only. Buy in every dip. It may be difficult to exactly indicate the bottom in this sort of situations. Next fibbonacci level stays at 3510.05, which may be considered as a possible bottom.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3597. Immediate resistance at 3870.95.
Today's upper band lies at 4083. Today's lower band lies at 3759.40
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ALOK INDUSTRIES
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
A close above 50 day sma (3797.35)is required for the confirmation of next upward move. Till then bearishness prevail. However, NIFTY closed above lower band (3759.4) yesterday, which is a good sign.
This is an opportunity for the people, who are awaiting with cash to be invested. Long Term investors could start buying stocks systematically. The investments should be done systematically only. Buy in every dip. It may be difficult to exactly indicate the bottom in this sort of situations. Next fibbonacci level stays at 3510.05, which may be considered as a possible bottom.
NIFTY charts has an indication for a new high, before the fall started. It may take some time. So patience and discipline in investing would fetch decent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3597. Immediate resistance at 3870.95.
Today's upper band lies at 4083. Today's lower band lies at 3759.40
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ALOK INDUSTRIES
Wednesday, December 13, 2006
Dec 13,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
Finally NIFTY has started long awaited correction. It has pierced and closed below the lower band. Long Term investors might start buying stocks systematically. The investments should be done systematically only. Buy in every dip. It may be difficult to exactly indicate the bottom in this sort of situations.
PCR OI has declined drastically indicating bearish sentiment in the market. A close below 50 day sma(3793.45) is also a bad signal. A close above this level is essential for a good sentiment in the short term.
NIFTY should cross 3985.85 in the upperside to avoid bearish sentiment. NIFTY charts has an indication for a new high before the fall begun. It may take some time. So patience and discipline in investing would fetch descent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3597. Immediate resistance at 3870.95.
Today's upper band lies at 4073. Today's lower band lies at 3778.25
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NITCO TILES
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
Finally NIFTY has started long awaited correction. It has pierced and closed below the lower band. Long Term investors might start buying stocks systematically. The investments should be done systematically only. Buy in every dip. It may be difficult to exactly indicate the bottom in this sort of situations.
PCR OI has declined drastically indicating bearish sentiment in the market. A close below 50 day sma(3793.45) is also a bad signal. A close above this level is essential for a good sentiment in the short term.
NIFTY should cross 3985.85 in the upperside to avoid bearish sentiment. NIFTY charts has an indication for a new high before the fall begun. It may take some time. So patience and discipline in investing would fetch descent profits. Many global funds await to invest in this market. So don't get panicked and short heavily.
Immediate support lies at 3597. Immediate resistance at 3870.95.
Today's upper band lies at 4073. Today's lower band lies at 3778.25
Support Levels:
3597.933333
3477.466667
3371.133333
3325.216667
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NITCO TILES
Tuesday, December 12, 2006
Dec 12,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
Finally NIFTY has tested 3911.55, the level mentioned in this column for the past one week. Another level mentioned here is 3790 on the lower side. Yesterday NIFTY touched only 3798.30. So, this level might be tested today. Or there might be a relief rally. NIFTY should cross 3985.85 in the upperside to avoid bearish sentiment.
NIFTY has tested upper band on friday and lower band yesterday. If NIFTY goes below lower band by atleast 20 points, start buying stocks, systematically. Start buying in every dip, if the closing is below atleast 20 points today's lower band.
Immediate support lies at 3712.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
Today's upper band lies at 4050. Today's lower band lies at 3815.3
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SPICE JET
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
Finally NIFTY has tested 3911.55, the level mentioned in this column for the past one week. Another level mentioned here is 3790 on the lower side. Yesterday NIFTY touched only 3798.30. So, this level might be tested today. Or there might be a relief rally. NIFTY should cross 3985.85 in the upperside to avoid bearish sentiment.
NIFTY has tested upper band on friday and lower band yesterday. If NIFTY goes below lower band by atleast 20 points, start buying stocks, systematically. Start buying in every dip, if the closing is below atleast 20 points today's lower band.
Immediate support lies at 3712.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
Today's upper band lies at 4050. Today's lower band lies at 3815.3
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SPICE JET
Monday, December 11, 2006
Dec 11,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has moved both sides for the mentioned targets in this column. An intraday low below 3948.7 and intraday high above 4046.85 are inevitable. It may be encountered in the short future.
Decline in PCR OI is not a good sign. However, it may change in this week.
As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
Immediate support lies at 3932 & 3907.3.
CAUTION:
Indian Finance Ministry has asked (Mauritius Government)for the sources of funds that had flown into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4056.60. Today's lower band lies at 3791.60
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NO STOCKS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has moved both sides for the mentioned targets in this column. An intraday low below 3948.7 and intraday high above 4046.85 are inevitable. It may be encountered in the short future.
Decline in PCR OI is not a good sign. However, it may change in this week.
As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
Immediate support lies at 3932 & 3907.3.
CAUTION:
Indian Finance Ministry has asked (Mauritius Government)for the sources of funds that had flown into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4056.60. Today's lower band lies at 3791.60
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NO STOCKS
Friday, December 08, 2006
Dec 08,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has signalled indecisiveness again. 4040/3977.60 can be expected in the short term. However a move above 4036.20 or a move below 3982.50 would ensure the next upward/ downward trend.
As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
Immediate support lies at 3952.30 & 3907.3. If initial support is tested immediately, then 4040 may not be tested in short term.
CAUTION:
Indian Finance Ministry has asked (Mauritius Government)for the sources of funds that had flown into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4056.60. Today's lower band lies at 3791.60
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NO STOCKS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has signalled indecisiveness again. 4040/3977.60 can be expected in the short term. However a move above 4036.20 or a move below 3982.50 would ensure the next upward/ downward trend.
As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
Immediate support lies at 3952.30 & 3907.3. If initial support is tested immediately, then 4040 may not be tested in short term.
CAUTION:
Indian Finance Ministry has asked (Mauritius Government)for the sources of funds that had flown into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4056.60. Today's lower band lies at 3791.60
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NO STOCKS
Thursday, December 07, 2006
Dec 07,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has signalled indecisiveness again. 4040/3977.60 can be expected in the short term. However a move above 4036.20 or a move below 3982.50 would ensure the next upward/ downward trend.
As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
Immediate support lies at 3984.25 & 3952.30. If initial support is tested immediately, then 4040 may not be tested in short term.
Depreciation of Dollar against all major currencies have favoured FII inflows. However, it may not be a good news for IT sector. It may have some impact on their profits. A slow down in US econmy might affect the IT sector as well.
CAUTION:
Indian Finance Ministry has asked (Mauritius Government)for the sources of funds that had flown into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4028.40. Today's lower band lies at 3756.80
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
DONEAR INDUSTRIES
SUJANA METALS
SHREE RAM
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY has signalled indecisiveness again. 4040/3977.60 can be expected in the short term. However a move above 4036.20 or a move below 3982.50 would ensure the next upward/ downward trend.
As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
Immediate support lies at 3984.25 & 3952.30. If initial support is tested immediately, then 4040 may not be tested in short term.
Depreciation of Dollar against all major currencies have favoured FII inflows. However, it may not be a good news for IT sector. It may have some impact on their profits. A slow down in US econmy might affect the IT sector as well.
CAUTION:
Indian Finance Ministry has asked (Mauritius Government)for the sources of funds that had flown into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4028.40. Today's lower band lies at 3756.80
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
DONEAR INDUSTRIES
SUJANA METALS
SHREE RAM
Tuesday, December 05, 2006
Dec 06,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
4040 can be expected in the short term. As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
CAUTION:
Indian Finance Minister has asked (Mauritius Government)for the sources of funds that had flown, into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
Immediate support lies at 3984.25 & 3952.30. If initial support is tested immediately, then 4040 may not be tested in short term.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4028.40. Today's lower band lies at 3756.80
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
VOLTAMP TRANSFORMERS
EASTERN SILK
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
4040 can be expected in the short term. As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured.
CAUTION:
Indian Finance Minister has asked (Mauritius Government)for the sources of funds that had flown, into the Indian stock markets, from Mauritius. It may have negative impact on the markets, in short to medium term, as it may prompt some funds to withdraw funds. So trade with strict stop losses.
Immediate support lies at 3984.25 & 3952.30. If initial support is tested immediately, then 4040 may not be tested in short term.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 4028.40. Today's lower band lies at 3756.80
Support Levels:
3899
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
VOLTAMP TRANSFORMERS
EASTERN SILK
Monday, December 04, 2006
Dec 04,06
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY may consolidate here before an uptrend or down trend. As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured. PCR OI is encouraging, which prevents a huge downward correction below 200 points in NIFTY.
Immediate support lies at 3952.30 and 3907.30.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 3993.10. Today's lower band lies at 3736.
Support Levels:
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
GITANJALI GEMS
SUNIL TECH
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY may consolidate here before an uptrend or down trend. As mentioned earlier NIFTY has tested 3975 and reached a new high. But it has not tested the low of 3911.55. It is sure to occur but the time frame could not be ensured. PCR OI is encouraging, which prevents a huge downward correction below 200 points in NIFTY.
Immediate support lies at 3952.30 and 3907.30.
NIFTY has to correct considerably in order to maintain healthy momentum. But such a correction is not in the offing(short term).
3790 in the lower side is possible(medium term).
WARNING : TRADE WITH STRICT STOP LOSSES. NIFTY HAS SURGED MORE THAN 50% WITHOUT A SIGNIFICANT CORRECTION (2600 TO 4000).
Today's upper band lies at 3993.10. Today's lower band lies at 3736.
Support Levels:
3839.1
3712.60
3671.86
3597.93
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
GITANJALI GEMS
SUNIL TECH