DEC 30,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 6079.70. SENSEX Closes at 20,206.95.

NIFTY stays indecisive. However, an intraday low below 6022 is inevitable. But the time factor is unpredictable.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6234.95.

Lower band -> 5592.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

DEC 30,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 6079.70. SENSEX Closes at 20,206.95.

NIFTY stays indecisive. However, an intraday low below 6022 is inevitable. But the time factor is unpredictable.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6234.95.

Lower band -> 5592.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

DEC 26,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5985.10. SENSEX Closes at 19,854.12.

"NIFTY stays at a crucial break out level. If NIFTY pulls back from this level, it may not be surprising." This is a quote from previous post. NIFTY had a fantastic rally as expected.

NIFTY is likely to test 6000+ again and if the momentum sustains, it would also test the upper band near 6200.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6185.

Lower band -> 5527.90.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

Dec. 20, 2007
-------------

NIFTY closes at 5751.15.

Chart patterns doesnot show any bullishness. Just watch the markets. It may take few days to set the next trend. Until then just watch and trade.

DEC 23,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5766.50.

Although NIFTY is yet to set a trend and remains trendless, it seems to have bottomed out. So, a pullback can even be expected from this level.

NIFTY stays at a crucial break out level. If NIFTY pulls back from this level, it may not be surprising. However, this is the settlement week, which signifies volatality. Any influence of world markets cannot be ruled out. So, either way breakout is not ruled out.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6050.70.

Lower band -> 5507.60.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

NOV.21,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5561.05.

Sorry, we couldn't post for few days and there was no clear cut trend emerging in the past few days.

But NIFTY has confirmed a trend yesterday and a close below yesterday's close appears inevitable. Chart pattern suggests bearish trend.

However, there is a technical confirmation for the recent high of 5981.8 getting tested.

NIFTY is near lower band, which is likely to be tested. A close below lower band in near to medium term could be expected. So, have a close watch on lower band regularly.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.

Support is at 5380. It stays unbroken. Resistance is at 5820.10.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6054.15.

Lower band -> 5501.90.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

NOV.12,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5663.25. Sensex Closes at 18,907.60.

NIFTY is in crucial stage. It tested medium term sma intraday. However, closing is above sma. Wait and watch for the trend confirmation.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.

Support is at 5380.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6093.

Lower band -> 5200.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

NOV.2,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5866.45. Sensex Closes at 19724.35.

NIFTY is moving on expected lines. It is consolidating.

NIFTY is likely to test 5816 in short to medium term. NIFTY futures tested this levels yesterday. Watch spot NIFTY testing this levels. However, the time taken to test it might not be predictable.

It is the time for consolidation or stay indecisive, since the volatality levels were high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.

This time domestic money's contribution to this upmove is very significant. So, stay cautious.

As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.

Support is at 5644.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 6016.15.

Lower band -> 4977.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

NOV.1,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5900.65. Sensex Closes at 19837.99.

NIFTY is moving on expected lines. It is consolidating.

US Fed rate cuts likely to have little impact for shorter duration, an upside around 1-2% to the maximum could be expected. It might not have major impact.

NIFTY is likely to test 5816 in short to medium term.

It is the time for consolidation or stay indecisive, since the volatality levels are high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.

This time domestic money's contribution to this upmove is very significant. So, stay cautious.

As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.

Support is at 5644.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5972.45

Lower band -> 4977.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

Oct 30,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5905.90. Sensex Closes at 19977.67.

NIFTY tested previous high. We already mentioned in previous posts that the previous high would be tested sure. But yesterday's rally is due to irrational exuberance. Market has to cool before next leg of rally. Otherwise it might become a bubble. NIFTY closes above the upper band. It is not advisable to go long.

It is the time for consolidation or stay indecisive, since the volatality levels are high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.

Although RBI's policy and Fed's policy likely to have some implications, it must be mentioned that market is moving towards a danger zone again. This time domestic money's contribution to this upmove is very significant. So, stay cautious.

As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.

Support is at 5644.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5872.

Lower band -> 4918.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============

Oct 23,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5184. Sensex Closes at 17613.99.

NIFTY has closed below medium term sma for the first time in this fall. So, this is a place, where the trend would get set. Either it might bounce back or slide down. Wait and watch today's markets. It is a trend setting day. If the trend is negative, NIFTY could test the lower band in medium term.

NIFTY continues drifting down for the last five trading sessions. Now NIFTY has signalled indecisiveness after the fall. So, it is better to watch the NIFTY setting a new short term trend.

Although SEBI has cleared many apprehensions of FIIs, only the final draft proposals could bring clarity. So, uncertainity still prevails.

Market may stay volatile until a clear trend is set. Don't take any position as of now. Or just use some strategies like straddles.

SEBI's proposals on P-notes,RBI's policy statements, Federal's rate cuts, etc. have to be watched. So, the markets might remain unpredictable till the end of October.

NIFTY would test the previous high (5736.8) sure, in medium term to long term, since it got a technical confirmation for the high to be tested.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in medium to long term.

Support is at 4986.55.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT, Pharma, SMEs supplying raw materials, SEZs and other export based industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5728.

Lower band -> 4728.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
TATA TELESERVICES Maharashtra

Oct 18,2007
-----------

NIFTY is sure to test yesterday's low in short to medium term. As of now, market looks like a 'Suspense Thriller'. Just watch it.

Expect nasty surprises. Fundflows from unregulated hedge funds would slowdown in the future due to SEBI's proposal. It is very good for our economy in longterm. It would prevent more inflows and stabilise forex markets.

Next support at 4986.55.

Oct 17, 2007
------------


NIFTY closes at 5668.05. SENSEX closes at 19051.86.


Expect a free fall today. Markets might test lower circuit filter today.

Possibility of steep correction, is being mentioned in this post consistently, for past few weeks. Don't look for any support levels as of now.

Oct 15,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5428.25.

NIFTY is likely to test a low below 5395 in the near future. Trade with utmost caution.

Sensex has almost tested the top for the FY 08, based on fundamental analysis. Further gains in Sensex implies a shift in valuation. Longterm investors should book profits, wherever they find their stocks fully valued. Indian economy is not looking so rosy and its growth momentum likely to slow down, based on various parameters.

NIFTY is in dangerous zone. It is in super risk zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium term.

Support is at 5225.63.

Longterm View:
=============
Rupee' appreciation against dollar is a dangerous proposition for Indian Economy in long term.

It might prevent and discourage new investments in Export oriented industries, Textiles, IT, Pharma, SMEs supplying raw materials, SEZs and other industries, which have a major contribution in Indian Growth story. These sectors might not grow fabulously in the years to come, which would result in economic slowdown.

If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5616.

Lower band -> 4357.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Oct 12,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5524.85. Sensex Closes at 18814.07.

Book profits... Book profits..... Book profits..... Book profits....Book profits...

NIFTY has reached alarming highs. It is 31% above 200 day sma. If people don't book profits here, they won't find any cash in their hand to buy in dips.

Sensex has almost tested the top for the FY 08, based on fundamental analysis. Further gains in Sensex implies a shift in valuation. Longterm investors should book profits, wherever they find their stocks fully valued. Indian economy is not looking so rosy and its growth momentum likely to slow down, based on various parameters.

NIFTY is in dangerous zone. It is in super risk zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in medium term.

Support is at 5408.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT, Pharma, SMEs supplying raw materials, SEZs and other export based industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5572.

Lower band -> 4312.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Oct 11,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5441.45. Sensex Closes at 18658.25.

Book profits... Book profits..... Book profits..... Book profits....Book profits...

Sensex has almost tested the top for the FY 08, based on fundamental analysis. Further gains in Sensex implies a shift to valuation. Longterm investors should book profits wherever they find their stocks fully valued. Indian economy is not looking so rosy and its growth momentum likely to slow down, based on various parameters.

NIFTY is in dangerous zone. It is in super risk zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in medium term.

Support is at 5225.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT, Pharma, SMEs supplying raw materials, SEZs and other export based industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5492.

Lower band -> 4294.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Oct 3,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5068.95.

NIFTY has 10 consecutive positive candles. So, a consolidation or a little downward movement could be expected. Though the momentum seems to look good, it is safe to book profits in majority of the stocks.

NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till march - may. But good momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in medium term.

Support is at 4986.55.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5121.75.

Lower band -> 4237.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Oct 1,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5021.35. Sensex Closes at 17291.10.

NIFTY has tested 5016.40 friday as mentioned in Friday's post. Though the momentum seems to look good, it is safe to book profits in majority of the counters.

NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till next march. But good momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in medium term.

Support is at 4923.60.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5064.20.

Lower band -> 4236.90.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 28,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 5000.55. Sensex Closes at 17150.56.

NIFTY and Sensex has closed above the psychological levels(5000 & 17000). Though the momentum seems to look good, it is safe to book profits in majority of the counters. Ofcourse, NIFTY would test the yesterday's high 5016.40. It need not be tested today itself.

NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till next march. But high momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.

Support is at 4923.60.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 5010.70.

Lower band -> 4232.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 27,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4940.50. Sensex Closes at 16921.39.

NIFTY has signalled indecisiveness again. But NIFTY would surely test 4980 levels in the future. There is a confirmation of two more intraday highs to yesterday's high. These two highs need not take place immediately.

NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till next march. But high momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.

Support is at 4923.60.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 4955.

Lower band -> 4226.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 24,20071
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4837.55.

NIFTY has moved well up on friday, ensuring another intraday high above 4855 in the future. But NIFTY has move well above upper band. So, it is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.

Support is at 4526.50.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 4789.

Lower band -> 4166.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 21,20071
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4447.55. Sensex Closes at 16347.96.

As per our expectation NIFTY had a higher close than day before yesterday's close. Now NIFTY has signalled indecisiveness. Huge upside cannot be expected from this levels day-to-day basis, as NIFTY trades near upper band.

For intraday players, 30-40 points above upperband serves as resistance.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.

Support is at 4526.50.

Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.

Upper band -> 4756.

Lower band -> 4166.



Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 20,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4494.65. Sensex Closes at 15,504.43.

It was mentioned in earlier posts that NIFTY is waiting for some trigger, which could take it either side with huge volatality, as there is a big gap between upper band and lower band. It did happen yesterday and the trigger has driven NIFTY to make historical highs. NIFTY has good chart patterns implying possible upside. However, NIFTY has closed above upperband. So, trade cautiously. On the upperside the volatality may not be too high as it is near upper band. For intraday players, 30-40 points above upperband serves as resistance.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.

Support is at 4526.50. Yesterday's rally was driven higher liquidity. Particularly FIIs have pumped huge funds yesterday.

Upper band -> 4726.52.

Lower band -> 4139.85.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 18,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4494.65. Sensex Closes at 15,504.43.

As mentioned in previous post NIFTY has no trend left. So, it is consolidated waiting for some trigger. It prevented us from posting fresh.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term. It need not take place today itself.

Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.

Resistance stays at 4626. support is at 4446.10, which prevented NIFTY from further downfall in last few trading sessions.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for them to take place is unpredictable.

Upper band -> 4688.96.

Lower band -> 4082.70.

Wide gap between upper band and lower band provides gap for higher volatility in the days to come and when a new trend or pattern emerges.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 14,2007
-----------

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4528.95. Sensex Closes at 15,614.44.

As mentioned in previous post NIFTY has no trend left. So, it is consolidated waiting for some trigger. It prevented us from posting fresh.

As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term. It need not take place today itself.

Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.

Resistance stays at 4626. support is at 4446.10, which prevented NIFTY from further downfall in last few trading sessions.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4675.35.

Lower band -> 4027.17.

Wide gap between upper band and lower band provides gap for higher volatility in the days to come and when a new trend or pattern emerges.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 11, 2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY Closes at 4509.50. Sensex Closes at 15596.83.

As mentioned in yesterday's post NIFTY is likely to test a low below 4440 and yesterday's low(4452.95) could be tested too. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.

Resistance stays at 4519.05 and 4626. support is at 4446.10, which prevented NIFTY from further downfall yesterday.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4627.65.

Lower band -> 4032.40.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 10, 2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4509.50.

As mentioned in previous posts NIFTY has tested 4534 levels on Friday. There are no further technical points to be tested in the upperside as per our analysis. But upper band might provide some hope, although it doesnot ensure upside. Expect markets to have a good plunge today. World market jitters are expected to affect our markets too.

NIFTY likely to test a low below 4440. However, the time factor would still remain unpredictable.

Resistance stays at 4626. support is near 4495.55.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4613.55.

Lower band -> 4036.60.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep 7, 2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4518.60. Sensex Closes at 15616.30.

NIFTY is consolidating for the past few days and it is likely to test 4530 levels, which is inevitable and it is consistently being mentioned here, for the past few weeks that an intraday high above 4534 would be tested.

NIFTY likely to test 4440. However, the time factor would still remain unpredictable. Most of these technical levels would be tested. But some trigger or news driven factors would lead to these levels.

Resistance stays at 4626. support is near 4398.10.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4605.90.

Lower band -> 4039.70.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Sep5, 2007

As mentioned in previous posts NIFTY is marching upwards to test a high above 4530. It would be tested sure. Although it need not take place today itself. Chart patterns are still looking bullish.

Sep 3, 2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4464.

Chart patterns and other data like PCR OI indicates possible upside for NIFTY. However, if Asian markets or other world markets react negatively, it might have some impact. Otherwise, NIFTY could march upward to test the intraday high above 4534, which we have been mentioning consistently that it would be tested. It need not happen today itself.

Sharp volatality in the market could be expected.Resistance stays at 4626. support is near 4398.10.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4539.40.

Lower band -> 4419.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Aug 27,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4320.70. Sensex Closes at 14919.19.

NIFTY closed above medium term sma yesterday. Though it looks positive, it may dip if it moves with the world market.

"Short term chart patterns look bullish, confirming a close above 4302.60". This is the quote from yesterday's post. As we mentioned NIFTY has closed above it. So, the short term bullish pattern worked well.

It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.

IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.

Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4268.70. If it is tested, NIFTY would test 4252 sure.

An intraday high above 4534 is inevitable in medium term to long term.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4555.

Lower band -> 4050.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
NONE

Aug 27,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4302.60. Sensex Closes at 14842.38.

"NIFTY likely to test 4268.575 in short to medium term". This is the quote from previous post. As per our expectation NIFTY has tested the said level and even closed above it. Although NIFTY tested medium term sma intraday, it could not close above it yesterday. A close above medium term sma would make NIFTY bullish.

Short term chart patterns look bullish, confirming a close above 4302.60. However, it is to be watched, if it could take place immediately.

It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.

IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.

Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4167.20.

An intraday high above 4534 is inevitable in medium term to long term.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4570.

Lower band -> 4048.75.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 23,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4153.15. Sensex Closes at 14248.66.

NIFTY finds good support near 200day sma. Every time it tests those levels, it bounces back with venom. Unless some worst turmoil takes place in world markets or some political crisis occurs in India, it will not be tested. Though NIFTY rallied very well yesterday, stay cautious.

NIFTY likely to test 4268.575 in short to medium term.

It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.

IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.

Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 3981.

An intraday high above 4534 is inevitable in medium term to long term.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4680.

Lower band -> 4054.75.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 22,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4074.90. Sensex Closes at 14427.55.

NIFTY is at a crucial point. Though it tested 200 day sma, it closed just above it. So, just wait and watch. As mentioned earlier there is a possibility for Nifty to test Friday low near 4000 levels. So, trade cautiously.

IT stocks look attractive for long term buy. Start accumulating them in every dip. In particular, Infosys and TCS are fairly priced, which could be accumulated in every fall.

It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.

But buyers should stay cautious as the political musings might have some repercussions on NIFTY.

Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 3981.

An intraday high above 4534 is inevitable in medium term to long term.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4704.

Lower band -> 4150.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 21,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4209.05. Sensex Closes at 14427.55.

NIFTY likely to move up in tune with the US and Asian markets. However trade cautiously with strict stop losses. Friday's fall has signalled another low below the friday's low of 4002, which need not happen immediately. Another plunge requires some negative trigger.

It is better to concentrate on individual stock picks looking at the valuations. NIFTY has bounced back exactly from the crucial support levels.

But buyers should stay cautious as the political musings might have some repercussions on NIFTY.

Sharp volatality in the market could be expected.Resistance stays at 4372.95. support is near 4093.75.

An intraday high above 4534 is inevitable in medium term to long term.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4701.

Lower band -> 4124.20.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 20,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4108.05.

Unless the political crisis affects the markets, NIFTY could move up along with the asian markets. It tested 200 day sma on friday and has founded support there. Nifty too has closed above crucial fibbonacci level near 4100.

But buyers should stay cautious as the political musings might have some repercussions on NIFTY.

Sharp volatality in the market could be expected.Resistance stays at 4441.35 and 4626.15. support is near 3980.

An intraday high above 4534 is inevitable in medium term to long term.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4709.

Lower band -> 4150.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 17,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4178.60. Sensex close 14358.20.

"NIFTY closes below 50 day sma, implies steep fall, provided a negative news affecting makets. Don't take long positions". This is the quote from last post. It has worked very well and the steep correction witnessed yesterday was expected.

4100 levels might act as next support levels. 200 day sma stays around 4065. It might act as another support.Expect the markets to correct downwards today also, as there is a sharp downfall in asian markets. Sharp depreciation of rupee might discourage hedge funds to book profits.

Sharp volatality in the market could be expected.

An intraday high above 4534 is inevitable in medium term to long term.

"Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market." A quote from previous post.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4687.

Lower band -> 4209.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 13,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4333.35.

NIFTY closes below 50 day sma, implies steep fall, provided a negative news affecting makets. Otherwise it might pullback little bit. Don't take long positions.

Sharp volatality in the market could be expected.

Immediate support stays at 4191. Immediate resistance stays at 4441.

"A low below recent low 4267.15 could be expected in medium term" - mentioned in previous post. It was tested the same day before a bounce back.Similarly,an intraday high above 4534 is inevitable. But the time taken to test it may be medium to long term.

If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.

Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4673.

Lower band -> 4279.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 10,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4403.20. Sensex close 15100.15.

As mentioned in last post the upsurge is short term. Market is going to witness a steep fall. In technical parlance having tested 50 day sma twice, would make NIFTY vulnerable and it would help it to correct deeply.

Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.

Immediate support stays at 4337.

A low below recent low 4267.15 could be expected in medium term.Similarly,an intraday high above 4534 is inevitable. But the time taken to test it may be medium to long term.

If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.

Caution: Don't take any fresh long position. Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4669.

Lower band -> 4295.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 8,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4356.35. Sensex close 14932.77.

Good news from U.S. FOMC might help markets to gain in short term. But how long will it survives is a question mark still.

Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.

Immediate support stays at 4337.

An intraday high above 4436 and 4534 are inevitable. But the time taken to test them are unpredictable. Similarly, a low below recent low 4267.15 could be expected in medium term.

If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.

Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4669.

Lower band -> 4287.50.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 7,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4339.50.

It has been consistently mentioned that an intraday low below 4305 is inevitable. It was tested yesterday. As a rule, we used to mention that 30-40 points below lower band would act as support levels. NIFTY exactly behaved the way it is being mentioned. The lower band mentioned yesterday was 4304.85. The level from which NIFTY had a bounce back was 4267.15. NIFTY closed below 50 day sma. It is not a good sign. If there is another one or two closings below it, then a huge correction could be expected.

Although chart patterns are not looking good, markets are purely driven by some trends in the international markets. So, the positive upsurge in US and Asian markets may help NIFTY to move up in short to medium term. So, sharp volatality in the market could be expected.

An intraday high above 4436 and 4534 are inevitable. But the time taken to test them are unpredictable.

If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.

Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4666.

Lower band -> 4296.70.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 6,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4401.55.

Chart patterns and technical patterns are not encouraging and indicate a decent correction in recent future. NIFTY has closed below medium term sma consistently for the past 3 days indicating weakness. Although NIFTY bounced back on Friday, it could not convincingly close above medium term sma. Already NIFTY tested the medium term term trendline 3 days back and stays below it. NIFTY might test the 50 day moving average again in the recent future and fall free from that levels.

Friday's rally has ensured an intraday high above 4436. But the time taken to test it is unpredictable. A high above 4534 and a low below 4305 are inevitable. The timeframe for them to take place is unpredictable.

If the US subprime crisis deepens, it could definitely affect the liquidity factor in all Asian markets, since Hedge Funds have much leveraged positions in Asia. Hedge Funds are directly or indirectly financed by subprime funds.

Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4662.

Lower band -> 4304.85.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 3,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4356.35.

NIFTY tested 50 day sma yesterday intraday and it stays indecisive. But failed to close below it. Short term bouncebacks could be expected. But it might not be realistic, as analysts predicts. In the medium term 50 day sma would be broken and a free fall from that levels could be witnessed.

A high above 4534 and a low below 4305 are inevitable. The timeframe for them to take place is unpredictable.

NIFTY has closed below medium term trendline and its chart patterns are not looking good. However, bounce back cannot be ruled out due to the liquidity conditions in the world market. But the bounce backs could be used to reduce the existing long positions booking profits.

Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4665.

Lower band -> 4297.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 2,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4345.85.

It was mentioned in yesterday's post that NIFTY would test 4345 and 4302 in the medium term. 4345 was unexpectedly tested yesterday itself. 4302 is yet to be tested, which need not take place immediately. However, another low below 4340 and a high above 4534 are inevitable. The timeframe for them to take place is unpredictable.

NIFTY has closed below medium term trendline and its chart patterns are not looking good. However, bounce back cannot be ruled out due to the liquidity conditions in the world market. But the bounce backs could be used to reduce the existing long positions booking profits.

Caution: Don't take any fresh long or short position.Market might move either side with higher volatality, due to fundflow differences in world market.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4664.90.

Lower band -> 4297.63.

In case of any downside look for lower band. 30-40 points below lower band could act as an intraday support level.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

Aug 1,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4528.85.

NIFTY has got a trigger finally and moved upside, with just only one resistance at 4626.15. Yesterday's high would be tested sure. It looks like a bounce back. As mentioned in yesterday's post if it had closed below medium term sma, it could have been a turmoil.

NIFTY is sure to test 4345 and 4302 levels in the future(Medium Term).

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.

Upper band -> 4663.

Lower band -> 4300.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 31,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4440.05.

Short term support and resistance stays at 4381.1 and 4496.11.

NIFTY stays indecisive and waits for a trigger to move either side. It has closed below medium term sma for the past two days. If it closes below it today also. Then a correction could be expected. World markets and the announcement from RBI could act as a trigger.

NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4666.

Lower band -> 4276.95.


Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

july 30

This is a trend setting day. Just wait and watch, if it bounces back or act as a day setting the commencement of a correction.

July 27,2007

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4619.80.

NIFTY is likely to test a low below 4620.50. US market crash likely to have some impact on our markets too. NIFTY tested the short term sma for the past two days. It is likely to test it today(4603)also. Higher volumes implies higher risk. Trade with caution.

NIFTY has signalled possible intraday low below 4490. NIFTY tested the upper band intraday, it couldn't close above it. It implies the presence of higher volatality, which reminds us to trade cautiously.

Higher PCR OI implies too many hedge positions, preventing NIFTY from a drastical fall.

NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4543.75, 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.

Commerce ministry,Finance Ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4678.60.

Lower band -> 4237.50.

For intraday traders 30-40 pts above upper band acts as resistance zone

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4566.05.

NIFTY signals indecisiveness again. But it has signalled possible intraday lows
below 4490. NIFTY tested the upper band intraday, it couldn't close above it. It implies the presence of higher volatality, which reminds us to trade cautiously.

Higher PCR OI implies too many hedge positions, preventing NIFTY from a drastical fall.

NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4543.75, 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.

Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4594.45.

Lower band -> 4189.40.

For intraday traders 30-40 pts above upper band acts as resistance zone

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 18,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4496.75.

NIFTY signals indecisiveness again. But it has signalled possible intraday highs and lows, above and below 4550 and 4490. NIFTY has to consolidate to some extent for further uptrend. Although NIFTY tested the upper band intraday, it couldn't close above it as it did in the previous trading session. It impleies the presence of higher volatality, which reminds us to trade cautiously.

NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.

Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4530.

Lower band -> 4168.40.

For intraday traders 30-40 pts above upper band acts as resistance zone

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 17,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4512.15.

NIFTY signals indecisiveness again. NIFTY has to consolidate to some extent for further uptrend. Although NIFTY tested the upper band intraday, it couldn't close above it as it did in the previous trading session. It impleies the presence of higher volatality, which reminds us to trade cautiously.

NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.

Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4497.95.

Lower band -> 4082.

For intraday traders 30-40 pts above upper band acts as resistance zone

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 16,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4504.55.

NIFTY closes above upper band at 4497.95. This is the first time it closes above the upper band after long time. It implies higher volatality. NIFTY had a great rally in the past two days. NIFTY cuts an important trendline. It indicates possible continuation of bullish onslaught. However minor corrections are not ruled out.

NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4381 and 4328 levels.

Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4497.95.

Lower band -> 4082.

For intraday traders 30-40 pts above upper band acts as resistance zone

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 11,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4387.15.

NIFTY has signalled indecisiveness again. NIFTY has closed below short term sma after many trading sessions. NIFTY is sure to test 4345 and 4302 levels. Ofcourse, it need not take place today itself. Trade with utmost caution and stoploss.

Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

NIFTY's immediate support level stays at 4366.60.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4451.15.

Lower band -> 4082.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 9,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4406.05

NIFTY has signalled indecisiveness. There is no symptom of weakness in the charts. However, be cautious and trade with stop losses while taking long positions.

Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to liquidity rather than fundamentals. But it might take some time for such measures to effect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.

An intraday low bleow 4302. But the time frame for them to take place is unpredictable. Upper band stays at 4451.12 providing scope for NIFTY move up further, when there is a good momentum.

NIFTY's immediate support level stays at 4366.60.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Upper band -> 4451.15.

Lower band -> 4082.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 9,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4384.85

NIFTY tested short term sma for the past two days after 4 trading sessions.

An intraday low bleow 4302 and an intraday high above 4411 are inevitable. But the time frame for them to take place is unpredictable. Upper band stays at 4414.25 providing scope when there is an upmove.

NIFTY's immediate support level stays at 4276.75.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Long term traders should utilise the market bull run to book profits systematically. A decent correction could be expected after rally, where the people holding cash could utilise the opportunity to buy at bottoms. Long positions require strict stop loss.

Upper band -> 4394.50.

Lower band -> 4082.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 6,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4353.95. Sensex closes at 14861.89.

NIFTY tested short term sma after 4 trading sessions. "An intraday low below 4236.30 and 4302 are inevitable, although the time frame for them to take place is unknown. " This is a quote from yesterday's post. A low below 4236.30 was tested yesterday. Expect a low bleow 4302. It need not take place immediately. It provides a clue for systematic selling at higher levels to take advantage of the possible low. Market stays indecisive, although it signalled possible low below yesterday low. NIFTY has to consolidate if it had to move up further. However upper band provide some scope if there is any upward momentum.

NIFTY's immediate support level stays at 4276.75.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Long term traders should utilise the market bull run to book profits systematically. A decent correction could be expected after rally, where the people holding cash could utilise the opportunity to buy at bottoms. Long positions require strict stop loss.

Upper band -> 4394.50.

Lower band -> 4082.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 5,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4359.30. Sensex closes at 14880.24.

NIFTY chart pattern is looking good. But signalled indecisiveness yesterday. It has been consistently maintained that all time high would be tested. As per our view all time high were tested in the last two days. It was mentioned in yesterday's post that an intraday high above day before yesterday's high would be tested. It did happen yesterday.

An important development should be noted. For the first time upper band was tested yesterday,in the recent past, although it closed below it. It is a note of caution. NIFTY had a decent correction in the previous instance, when it tested upper band intraday.

Expanding upper band provides further scope for upward momentum.

For intraday traders, profits could be booked around 4410-4420 levels.

An intraday low below 4236.30 and 4302 are inevitable, although the time frame for them to take place is unknown.

NIFTY's immediate support level stays at 4276.75.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.

Upper band -> 4378.60.

Lower band -> 4083.07.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 4,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4357.75.

NIFTY chart pattern is good. It is consistently maintained all time high would be tested. An intraday high above yesterday's high is expected today. Expanding upper band provides further scope for upward momentum. For intraday traders, profits could be booked around 4400 levels.

An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.

NIFTY's immediate support level stays at 4276.75.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.

Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.

Upper band -> 4365.38

Lower band -> 4089.20.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 3,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4313.75.

NIFTY chart pattern is good. It has signalled indecisiveness yesterday. An intraday low below 4302 could be expected in short term. NIFTY would gain positive momentum when it crosses yesterday's high of 4346.75. Little bit upward momentum could be expected then. It has to be watched if it could breach all time high again, as it is inevitable.

An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.

NIFTY's immediate support level stays at 4276.75.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.

Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.

Upper band -> 4346.

Lower band -> 4100.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

July 2,07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4318.3.

NIFTY chart pattern is good. Little bit upward momentum could be expected. It has to be watched if it could breach all time high again, as it is inevitable.

As mentioned in friday an intraday high above 4296.15 was tested .

An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.

NIFTY's immediate support level stays at 4191.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.

Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.

Upper band -> 4346.

Lower band -> 4100.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

June 29, 07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4282. SENSEX closes at 14504.57.

NIFTY is consolidating for the past few days, unable to set any new trend. However, another little upward momentum is expected.

An intraday high above 4296.15 and intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.

NIFTY's immediate support level stays at 4191.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.

Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.

Upper band -> 4341.85.

Lower band -> 4100.35.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.

June 27, 07

NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________

NIFTY closes at 4259.40. SENSEX closes at 14487.72.

NIFTY has crossed 4284.65 in closing. It strengthens the chart pattern. It is the crucial closing. NIFTY has signalled a possible intraday high above 4296.15 and possible intraday low below 4236.30, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.

NIFTY's immediate support level stays at 4191.

Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.

Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.

Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.

Upper band -> 4342.10.

Lower band -> 4100.

Note: These views do not have any relevance to NIFTY futures.

Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.