Jan 29,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4124.45.
Further trend in the NIFTY depends largely upon triggers. The trigger might be news based trigger. RBI credit policy, FED interest policy, Tata Corus (Tata wins the deal- It might act as a dampener to the stock in the medium term, since the bid price is high), etc., might act as triggers.
If there is a break out in the upper side, then Nifty will test 4300 within 9 trading days.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe (short to medium term) could not be fixed.
The immediate support level is at 4084.60. However, there is no significant resistance in the upper side, except the upper band.
If NIFTY closes above upper band by 20-30 points (4186.90), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3869.80.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
BHAGYANAGAR INDIA LTD.
GAYATRI PROJECT
Wednesday, January 31, 2007
Monday, January 29, 2007
Jan 29,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4147.70. BSE SENSEX CLOSE 14282.70.
NIFTY has reached the new high, as it was mentioned consistently for the past few days. Further upward momentum requires some strength. It is better to watch the market for the next two days for a new trend to emerge. If there is a confirmation of bullish trend, which can be infered from today's movement, NIFTY could move up to 4300 range in 10 trading days. If Nifty stays above 4131.90, in the next few trading sessions 4300 is possible in the shorter duration.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed.
The immediate support level is at 4018.70. There is a huge gap. So, a 100+ point fall in Nifty could happen easily within few trading days, if there is any correction. However, there is no significant resistance in the upper side, except the upper band.
If NIFTY closes above upper band by 20-30 points (4175.01), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3867.40.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
BHAGYANAGAR INDIA LTD.
GAYATRI FINANCE
SHRIRAM TRANSPORT FINANCE
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4147.70. BSE SENSEX CLOSE 14282.70.
NIFTY has reached the new high, as it was mentioned consistently for the past few days. Further upward momentum requires some strength. It is better to watch the market for the next two days for a new trend to emerge. If there is a confirmation of bullish trend, which can be infered from today's movement, NIFTY could move up to 4300 range in 10 trading days. If Nifty stays above 4131.90, in the next few trading sessions 4300 is possible in the shorter duration.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed.
The immediate support level is at 4018.70. There is a huge gap. So, a 100+ point fall in Nifty could happen easily within few trading days, if there is any correction. However, there is no significant resistance in the upper side, except the upper band.
If NIFTY closes above upper band by 20-30 points (4175.01), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3867.40.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
BHAGYANAGAR INDIA LTD.
GAYATRI FINANCE
SHRIRAM TRANSPORT FINANCE
Thursday, January 25, 2007
Jan 24,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4089.90. BSE SENSEX CLOSE 14110.46.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed. As mentioned in yesterday's post, NIFTY has tested 4058.35.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any blip.
The immediate support level is at 4018.70. If this support is tested, an intraday low below 4002 is inevitable, which need not take place immediately. However, there is no significant resistance.
If NIFTY closes above upper band by 20-30 points (4157.46), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3865.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
Pitti lamin.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4089.90. BSE SENSEX CLOSE 14110.46.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed. As mentioned in yesterday's post, NIFTY has tested 4058.35.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any blip.
The immediate support level is at 4018.70. If this support is tested, an intraday low below 4002 is inevitable, which need not take place immediately. However, there is no significant resistance.
If NIFTY closes above upper band by 20-30 points (4157.46), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3865.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
Pitti lamin.
Wednesday, January 24, 2007
Jan 24,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4066.10. BSE SENSEX CLOSE 14041.24.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed. As mentioned in yesterday's post, NIFTY has tested 4058.35.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any blip.
The immediate support level is at 4018.70. If this support is tested, an intraday low below 4002 is inevitable, which need not take place immediately. However, there is no significant resistance.
If NIFTY closes above upper band by 20-30 points (4154.52), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3847.33.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
LLOYD ENGINEERING & ELECTRICALS
SICAL LOG
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4066.10. BSE SENSEX CLOSE 14041.24.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed. As mentioned in yesterday's post, NIFTY has tested 4058.35.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any blip.
The immediate support level is at 4018.70. If this support is tested, an intraday low below 4002 is inevitable, which need not take place immediately. However, there is no significant resistance.
If NIFTY closes above upper band by 20-30 points (4154.52), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's lower band lies at 3847.33.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
LLOYD ENGINEERING & ELECTRICALS
SICAL LOG
Tuesday, January 23, 2007
Jan 23,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4102.45. BSE SENSEX CLOSE 14209.24.
NIFTY is trending well with an upward momentum. However, NIFTY has signalled the indecisiveness again.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any minor blip.
In the lower side, a low below 4058.35 is inevitable, but the time factor could not be assumed. Even, the immediate support level is at 4018.70. So, there is a huge gap between current level and support level. However, there is no significant resistance.
If NIFTY closes above upper band by 20-30 points (4156.68), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4156.68. Today's lower band lies at 3823.02.
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 4102.45. BSE SENSEX CLOSE 14209.24.
NIFTY is trending well with an upward momentum. However, NIFTY has signalled the indecisiveness again.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any minor blip.
In the lower side, a low below 4058.35 is inevitable, but the time factor could not be assumed. Even, the immediate support level is at 4018.70. So, there is a huge gap between current level and support level. However, there is no significant resistance.
If NIFTY closes above upper band by 20-30 points (4156.68), start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4156.68. Today's lower band lies at 3823.02.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
[No Stocks]
Monday, January 22, 2007
Jan 22,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4090.15. BSE SENSEX CLOSE 14182.71.
NIFTY is trending well with an upward momentum. The upper band keeps on expanding providing further scope for upward momentum.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any minor blip.
In the lower side, a low below 4058.35 is inevitable, but the time factor could not be assumed.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4151.14. Today's lower band lies at 3801.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
MURUDESHWAR CERAMICS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4090.15. BSE SENSEX CLOSE 14182.71.
NIFTY is trending well with an upward momentum. The upper band keeps on expanding providing further scope for upward momentum.
Any deep correction is ruled out at this point of time, since PCR OI is very high.
The charts pattern ensures new high in NIFTY, even if there is any minor blip.
In the lower side, a low below 4058.35 is inevitable, but the time factor could not be assumed.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4151.14. Today's lower band lies at 3801.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
MURUDESHWAR CERAMICS
Friday, January 19, 2007
Jan 19,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4109.05. BSE SENSEX CLOSE 14217.75.
NIFTY is trending well with an upward momentum. The upper band keeps on expanding providing further scope for upward momentum. There is an indication in the patterns for a high above yesterday's high of 4140.25. However, it need not make a new high today itself.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4141.46. Today's lower band lies at 3786.28.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
PARAMOUNT COMMUNICATION
ROLTA
SHREE RAM
KARNATAKA BANK
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4109.05. BSE SENSEX CLOSE 14217.75.
NIFTY is trending well with an upward momentum. The upper band keeps on expanding providing further scope for upward momentum. There is an indication in the patterns for a high above yesterday's high of 4140.25. However, it need not make a new high today itself.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4141.46. Today's lower band lies at 3786.28.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
PARAMOUNT COMMUNICATION
ROLTA
SHREE RAM
KARNATAKA BANK
Thursday, January 18, 2007
Jan 18,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4076.45. BSE SENSEX CLOSE 14131.34.
For a spectacular rally in NIFTY, it has to consolidate with upward momentum.
NIFTY is consolidating for the past two days and a new trend would be set in the days to come. The trend might be positive or negative, which would depend upon further momentum. If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4120.40. Today's lower band lies at 3790.20.
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 4076.45. BSE SENSEX CLOSE 14131.34.
For a spectacular rally in NIFTY, it has to consolidate with upward momentum.
NIFTY is consolidating for the past two days and a new trend would be set in the days to come. The trend might be positive or negative, which would depend upon further momentum. If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
The best strategy in this market is to concentrate on individual scrips, which could move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4120.40. Today's lower band lies at 3790.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
[NO STOCKS]
Wednesday, January 17, 2007
Jan 17,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4080.50. BSE SENSEX CLOSE 14114.73.
For a spectacular rally in NIFTY, it has to consolidate with upward momentum.
NIFTY surpasses upper band for the past two days by 20-30 points (intraday), but it does not closes above the same by atleast 20 points, providing scope for improvement in upper band. If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
Higher PCR OI implies limited downside in NIFTY(short term),i.e., deep correction is ruled out.
The best strategy in this market is to concentrate on individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4104.10. Today's lower band lies at 3788.60.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
RAMSARUP INDUSTRIES
AFTEK LIMITED
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4080.50. BSE SENSEX CLOSE 14114.73.
For a spectacular rally in NIFTY, it has to consolidate with upward momentum.
NIFTY surpasses upper band for the past two days by 20-30 points (intraday), but it does not closes above the same by atleast 20 points, providing scope for improvement in upper band. If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
Higher PCR OI implies limited downside in NIFTY(short term),i.e., deep correction is ruled out.
The best strategy in this market is to concentrate on individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4104.10. Today's lower band lies at 3788.60.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
RAMSARUP INDUSTRIES
AFTEK LIMITED
Tuesday, January 16, 2007
Jan 16,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4078.40. BSE SENSEX CLOSE 14129.64.
As mentioned consistently in previous posts that there is a confirmation for new high and it would occur this month or next, the target was achieved on friday.
If a spectacular rally is required in NIFTY, it has to consolidate with upward momentum.
NIFTY has reached near upper band on closing basis. If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
Higher PCR OI implies limited downside in NIFTY(short term),i.e., deep correction is ruled out.
The best strategy in this market is to go for individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4086.30. Today's lower band lies at 3783.80 .
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
TCS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4078.40. BSE SENSEX CLOSE 14129.64.
As mentioned consistently in previous posts that there is a confirmation for new high and it would occur this month or next, the target was achieved on friday.
If a spectacular rally is required in NIFTY, it has to consolidate with upward momentum.
NIFTY has reached near upper band on closing basis. If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
Higher PCR OI implies limited downside in NIFTY(short term),i.e., deep correction is ruled out.
The best strategy in this market is to go for individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4086.30. Today's lower band lies at 3783.80 .
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
TCS
Monday, January 15, 2007
Jan 15,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4052.45. BSE SENSEX CLOSE 14056.53.
As mentioned consistently in previous posts that there is a confirmation for new high and it would occur this month or next, the target was achieved on friday.
If NIFTY must rally spectacular, this is the time to consolidate. A rally like friday's require more strength. NIFTY has reached near upper band on closing basis.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
Higher PCR OI implies limited downside in NIFTY(short term),i.e., deep correction is ruled out.
The best strategy in this market is to go for individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4073.75. Today's lower band lies at 3766.50.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SURYAJOTHI SPINNING MILLS
KEI INDUSTRIES
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4052.45. BSE SENSEX CLOSE 14056.53.
As mentioned consistently in previous posts that there is a confirmation for new high and it would occur this month or next, the target was achieved on friday.
If NIFTY must rally spectacular, this is the time to consolidate. A rally like friday's require more strength. NIFTY has reached near upper band on closing basis.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically. Don't sell the whole lot of shares then. You can dilute 5-10%.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time. But it is difficult to specify the time frame.
Higher PCR OI implies limited downside in NIFTY(short term),i.e., deep correction is ruled out.
The best strategy in this market is to go for individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
Today's upper band lies at 4073.75. Today's lower band lies at 3766.50.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SURYAJOTHI SPINNING MILLS
KEI INDUSTRIES
Friday, January 12, 2007
Jan 12,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3942.25. BSE SENSEX CLOSE 13630.71.
Finally, Bull operators have driven NIFTY up to prevent NIFTY move into a bearish territory. NIFTY has a very good close, which ensures a close above 3954(inevitable) in the near future. If a pull back didnot happen yesterday, the resultant could have been a commencement of bear phase.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (short to medium term).
The best strategy in this market is to go for individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
NIFTY charts has an indication for a new high. Anticipate new highs this month or next month.
Next resistance lies at 3988.15.
Today's upper band lies at 4069.32. Today's lower band lies at 3738.97.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NO STOCKS
Sector Specific NEWS:
* Sugar: Lifting of ban on Sugar exports gives some relief to sugar stocks.
* Banking: Provision of powers to RBI to reduce SLR is a good news for Banking stocks
It would have Long Term implications. When the liquidity dries
up, an ease in SLR and CRR would provide banks some liquid cash to lend.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3942.25. BSE SENSEX CLOSE 13630.71.
Finally, Bull operators have driven NIFTY up to prevent NIFTY move into a bearish territory. NIFTY has a very good close, which ensures a close above 3954(inevitable) in the near future. If a pull back didnot happen yesterday, the resultant could have been a commencement of bear phase.
Similarly NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (short to medium term).
The best strategy in this market is to go for individual scrips, which would move up due to their fundamentals. Markets could move either way. It is better to trade with strict stop losses.
NIFTY charts has an indication for a new high. Anticipate new highs this month or next month.
Next resistance lies at 3988.15.
Today's upper band lies at 4069.32. Today's lower band lies at 3738.97.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
NO STOCKS
Sector Specific NEWS:
* Sugar: Lifting of ban on Sugar exports gives some relief to sugar stocks.
* Banking: Provision of powers to RBI to reduce SLR is a good news for Banking stocks
It would have Long Term implications. When the liquidity dries
up, an ease in SLR and CRR would provide banks some liquid cash to lend.
Thursday, January 11, 2007
Jan 11,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3850.30.
NIFTY has closed below 50 day sma and it has signalled the possible close below 3840(short to medium term).
In the previous leg of correction there was an indication for a close below 3801.65
(inevitable - short to medium term) .
NIFTY chart patterns have provided many clues for a correction.
NIFTY charts has an indication for a new high. Anticipate new highs this month or next month.
Many support levels were broken and a major support lies at 3817.85. If it is broken 3810 would be tested.
our preferred view is a close below 3801.65, which would make the correction complete. Otherwise we have to expect a huge correction after a good rally.
Next resistance lies at 3922.
Today's upper band lies at 4065.6. Today's lower band lies at 3733.87.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ITC below 160
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3850.30.
NIFTY has closed below 50 day sma and it has signalled the possible close below 3840(short to medium term).
In the previous leg of correction there was an indication for a close below 3801.65
(inevitable - short to medium term) .
NIFTY chart patterns have provided many clues for a correction.
NIFTY charts has an indication for a new high. Anticipate new highs this month or next month.
Many support levels were broken and a major support lies at 3817.85. If it is broken 3810 would be tested.
our preferred view is a close below 3801.65, which would make the correction complete. Otherwise we have to expect a huge correction after a good rally.
Next resistance lies at 3922.
Today's upper band lies at 4065.6. Today's lower band lies at 3733.87.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ITC below 160
Wednesday, January 10, 2007
Jan 10,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3911.40.
As said in yesterday's post a low below 3908.30(intraday) was tested. NIFTY just missed the 50 day sma by a whisker (intraday). It implies that NIFTY is still in positive terittory.
Though intraday movements were convincing, the closing was below 3919.6, the mentioned critical level(Yesterday).
Implication: A close below 3898.75 is inevitable (short to medium term).
NIFTY chart patterns have provided many clues for a correction, which might even happpen after a rally. So trade with stop losses.
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high. Anticipate new highs this month or next month.
Immediate support lies at 3858.25. Immediate resistance lies at 3988.15.
Today's upper band lies at 4071.40. Today's lower band lies at 3738.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SOUTH INDIAN BANK
EDUCOMP SOLUTIONS
SAGAR CEMENT
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3911.40.
As said in yesterday's post a low below 3908.30(intraday) was tested. NIFTY just missed the 50 day sma by a whisker (intraday). It implies that NIFTY is still in positive terittory.
Though intraday movements were convincing, the closing was below 3919.6, the mentioned critical level(Yesterday).
Implication: A close below 3898.75 is inevitable (short to medium term).
NIFTY chart patterns have provided many clues for a correction, which might even happpen after a rally. So trade with stop losses.
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high. Anticipate new highs this month or next month.
Immediate support lies at 3858.25. Immediate resistance lies at 3988.15.
Today's upper band lies at 4071.40. Today's lower band lies at 3738.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SOUTH INDIAN BANK
EDUCOMP SOLUTIONS
SAGAR CEMENT
Tuesday, January 09, 2007
Jan 9,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3933.40. SENSEX Close 13652.15.
As said in yesterday's post a low below 3960.45 has been tested. Now expect another low below yesterday's low of 3913(intraday). A low below 3908.30(intraday) is inevitable(expect it short to medium term). NIFTY has good support near 3900 levels.
3919.6 is a critical level. A close below it would further make the chart weak.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high, before the fall started. Anticipate new highs this month.
Immediate support lies at 3858.25. Immediate resistance lies at 3988.15.
Today's upper band lies at 4083.20. Today's lower band lies at 3736.80.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
S
ASTRA MICROWAVE
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3933.40. SENSEX Close 13652.15.
As said in yesterday's post a low below 3960.45 has been tested. Now expect another low below yesterday's low of 3913(intraday). A low below 3908.30(intraday) is inevitable(expect it short to medium term). NIFTY has good support near 3900 levels.
3919.6 is a critical level. A close below it would further make the chart weak.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high, before the fall started. Anticipate new highs this month.
Immediate support lies at 3858.25. Immediate resistance lies at 3988.15.
Today's upper band lies at 4083.20. Today's lower band lies at 3736.80.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
S
ASTRA MICROWAVE
Monday, January 08, 2007
Jan 8,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3983.40. SENSEX Close 13860.50.
A low below 3960.45 is inevitable and another low below the low that would occur, is also inevitable. This implies the possibility of lows for atleast two sessions. But need not expect the lows to occur immediately. NIFTY has not tested the mentioned low for the past one week. It is in no trend zone based on weekly charts too.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high, before the fall started. Anticipate new highs this month.
Immediate support lies at 3919. NO resistance.
Today's upper band lies at 4099.23. Today's lower band lies at 3732.87.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
PYRAMID SAINARA
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3983.40. SENSEX Close 13860.50.
A low below 3960.45 is inevitable and another low below the low that would occur, is also inevitable. This implies the possibility of lows for atleast two sessions. But need not expect the lows to occur immediately. NIFTY has not tested the mentioned low for the past one week. It is in no trend zone based on weekly charts too.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high, before the fall started. Anticipate new highs this month.
Immediate support lies at 3919. NO resistance.
Today's upper band lies at 4099.23. Today's lower band lies at 3732.87.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
PYRAMID SAINARA
Thursday, January 04, 2007
Jan 4,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4024.05. SENSEX Close 14014.92.
As mentioned in previous post NIFTY has crossed 3991.60/3997.35 and rallied upward.
A low below 3960.45 is inevitable and another low below the low that would occur, is also inevitable. This implies the possibility of lows for atleast two sessions. But need not expect the lows to occur immediately.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high, before the fall started. Anticipate new highs this month.
Immediate support lies at 3919. NO resistance.
Today's upper band lies at 4099.23. Today's lower band lies at 3732.87.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
DCB
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4024.05. SENSEX Close 14014.92.
As mentioned in previous post NIFTY has crossed 3991.60/3997.35 and rallied upward.
A low below 3960.45 is inevitable and another low below the low that would occur, is also inevitable. This implies the possibility of lows for atleast two sessions. But need not expect the lows to occur immediately.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to long term.
NIFTY charts has an indication for a new high, before the fall started. Anticipate new highs this month.
Immediate support lies at 3919. NO resistance.
Today's upper band lies at 4099.23. Today's lower band lies at 3732.87.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
DCB
Tuesday, January 02, 2007
Jan 2,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3966.40. SENSEX Close 13786.91.
A low below 3960.45 is inevitable and another low below the low that would occur, is also inevitable. This implies the possibility of lows for atleast two sessions. But need not expect the lows to occur immediately.
If NIFTY crosses 3991.60/3997.35, another high above it would be tested in the near future.
An intraday high above 3997.75(short term) is ineviatable.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to 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 4088.7. Today's lower band lies at 3735.85.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SELAN EXPLORATION
SHAH ALLOYS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 3966.40. SENSEX Close 13786.91.
A low below 3960.45 is inevitable and another low below the low that would occur, is also inevitable. This implies the possibility of lows for atleast two sessions. But need not expect the lows to occur immediately.
If NIFTY crosses 3991.60/3997.35, another high above it would be tested in the near future.
An intraday high above 3997.75(short term) is ineviatable.
High PCR OI implies, remote possibility of deep correction (Deep correction is ruled out).
A close below 3801.65 is inevitable in the medium to 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 4088.7. Today's lower band lies at 3735.85.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SELAN EXPLORATION
SHAH ALLOYS