Feb 28,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY close 3893.90. Sensex 13478.83.
Though NIFTY is not out of indecisiveness, crossing over of short term sma and long term sma signals weakness. NIFTY stayed below the lower band continuously for the past 3 days. It is not a good sign. NIFTY got little strength to move up. On budget day expect wild fluctuation in selective sectors.
Immediate resistance for NIFTY stays at 4199.45. Immediate support -> 3817.85.
It provides NIFTY good gap on either side to move up or down. So volatile conditions could prevail in this settlement.
Contrary to other analysts recommendations, we recommend a systemmatic buy in every dip. People who are interested in bottom picking has got the opportunity here to pick stocks at cheaper prices. Even though NIFTY could correct to some extent, it would correct only just 5-10%. Don't wait for NIFTY or stocks to correct, start buying stocks, which are fundamentally good. Just carry little cash to buy if there is a further correction.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So start buying and enjoy profits in the shorter to medium time frame. Don't short unnecessarily and risk your money.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable). But it is difficult to specify the time frame. If NIFTY test this levels in the recent future, it would be a sigh of relief, since it would help NIFTY to bottom, before the next upward rally. Else these levels would be tested after an upward rally.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
[No stocks]
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD and ITC. They can be purchased from this level and in further dips, if any. This is a bottom picking technical strategy.
Wednesday, February 28, 2007
Tuesday, February 27, 2007
Feb 27,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY close 3942. Sensex 13649.52.
NIFTY has signalled indecisiveness. It was a good pull back from the lows yesterday.But the pullback doesnot have any technical significance, except that of signalling indecisiveness before the budget.
Immediate resistance for NIFTY stays at 4199.45. Immediate support -> 3817.85.
It provides NIFTY huge gap on either side to move up or down. So volatile conditions could prevail in this settlement.
Contrary to other analysts recommendations, we recommend a systemmatic buying call from this level. People who are interested in bottom picking has got the opportunity here to pick stocks at cheaper prices. Even though NIFTY could correct to some extent, it would correct only just 5-10%. Don't wait for NIFTY or stocks to correct, start buying stocks, which are fundamentally good. Just carry little cash to buy if there is a further correction.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So start buying and enjoy profits in the shorter to medium time frame. Don't short unnecessarily and risk your money.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable). But it is difficult to specify the time frame. If NIFTY test this levels in the recent future, it would be a sigh of relief, since it would help NIFTY to bottom, befor the next upward rally. Else these levels would be tested after an upward rally.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
Rolta
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD and ITC. They can be purchased from this level and in further dips, if any. This is a bottom picking technical strategy.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY close 3942. Sensex 13649.52.
NIFTY has signalled indecisiveness. It was a good pull back from the lows yesterday.But the pullback doesnot have any technical significance, except that of signalling indecisiveness before the budget.
Immediate resistance for NIFTY stays at 4199.45. Immediate support -> 3817.85.
It provides NIFTY huge gap on either side to move up or down. So volatile conditions could prevail in this settlement.
Contrary to other analysts recommendations, we recommend a systemmatic buying call from this level. People who are interested in bottom picking has got the opportunity here to pick stocks at cheaper prices. Even though NIFTY could correct to some extent, it would correct only just 5-10%. Don't wait for NIFTY or stocks to correct, start buying stocks, which are fundamentally good. Just carry little cash to buy if there is a further correction.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So start buying and enjoy profits in the shorter to medium time frame. Don't short unnecessarily and risk your money.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable). But it is difficult to specify the time frame. If NIFTY test this levels in the recent future, it would be a sigh of relief, since it would help NIFTY to bottom, befor the next upward rally. Else these levels would be tested after an upward rally.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
Rolta
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD and ITC. They can be purchased from this level and in further dips, if any. This is a bottom picking technical strategy.
Monday, February 26, 2007
Feb 26,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
"Our prefered view is NIFTY should close below lower band once to gain strength before a rally takes place." This was the quote from Friday's post. NIFTY has closed well below the lower band of 3972.60.
PCR OI has strengthened a little bid, though it is not worth enough for good gains. But it might gain further strength in the weeks to come.
Contrary to other analysts recommendations, we recommend a systemmatic buying call from this level. People who are interested in bottom picking has got the opportunity here to pick stocks at cheaper prices. Even though NIFTY could correct to some extent, it would correct only just 5-10%. Don't wait for NIFTY or stocks to correct, start buying stocks, which are fundamentally good. Just carry little cash to buy if there is a further correction.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So start buying and enjoy profits in the shorter to medium time frame. Don't short unnecessarily and risk your money.
An intraday low of 3895.10 is inevitable too, though the time frame might not be assessable.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable). But it is difficult to specify the time frame.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
POWER FINANCE CORPORATION
DONEAR INDUSTRIES
AUTOLINE INDUSTRIES
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD and ITC. They can be purchased from this level and in further dips, if any. This is a bottom picking technical strategy.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
"Our prefered view is NIFTY should close below lower band once to gain strength before a rally takes place." This was the quote from Friday's post. NIFTY has closed well below the lower band of 3972.60.
PCR OI has strengthened a little bid, though it is not worth enough for good gains. But it might gain further strength in the weeks to come.
Contrary to other analysts recommendations, we recommend a systemmatic buying call from this level. People who are interested in bottom picking has got the opportunity here to pick stocks at cheaper prices. Even though NIFTY could correct to some extent, it would correct only just 5-10%. Don't wait for NIFTY or stocks to correct, start buying stocks, which are fundamentally good. Just carry little cash to buy if there is a further correction.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So start buying and enjoy profits in the shorter to medium time frame. Don't short unnecessarily and risk your money.
An intraday low of 3895.10 is inevitable too, though the time frame might not be assessable.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable). But it is difficult to specify the time frame.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
POWER FINANCE CORPORATION
DONEAR INDUSTRIES
AUTOLINE INDUSTRIES
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD and ITC. They can be purchased from this level and in further dips, if any. This is a bottom picking technical strategy.
Friday, February 23, 2007
Feb 23,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4040. SENSEX Close 14021.31.
NIFTY tested exactly the support level mentioned yesterday. Mentioned support level 4023.20. Actual low of NIFTY yesterday 4023.15. This is breach of support which implies a low below 4011.35. Though the timeframe for this low cannot be specified exact it would be tested.
An intraday high above 4137 is inevitable though the time factor for it to take place couldnot be judged.
NIFTY has to test a crucial resistance at 4199.50 to move up further. So if there is a bounce back there is a huge gap to be filled.
The immediate support level is at 3909.65. This is far below. Consider lower band for a better view on lower side.
Today's upper band and lower band lies at 4250.23 & 4005.41.
If Nifty moves below lower band by 20-30 points go long.
Our prefered view is NIFTY should close below lower band once to gain strength before a rally takes place.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium to long term). 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.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
Den so India
South Indian Bank
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD. It can be bought from this level to further dips, if any. This is a bottom picking technical strategy.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Close 4040. SENSEX Close 14021.31.
NIFTY tested exactly the support level mentioned yesterday. Mentioned support level 4023.20. Actual low of NIFTY yesterday 4023.15. This is breach of support which implies a low below 4011.35. Though the timeframe for this low cannot be specified exact it would be tested.
An intraday high above 4137 is inevitable though the time factor for it to take place couldnot be judged.
NIFTY has to test a crucial resistance at 4199.50 to move up further. So if there is a bounce back there is a huge gap to be filled.
The immediate support level is at 3909.65. This is far below. Consider lower band for a better view on lower side.
Today's upper band and lower band lies at 4250.23 & 4005.41.
If Nifty moves below lower band by 20-30 points go long.
Our prefered view is NIFTY should close below lower band once to gain strength before a rally takes place.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium to long term). 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.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
Den so India
South Indian Bank
Technical watch:
This is the right time to buy HINDUSTAN LEVER LTD. It can be bought from this level to further dips, if any. This is a bottom picking technical strategy.
Thursday, February 22, 2007
Feb 22,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4096.20. SENSEX Close 14188.49.
NIFTY has moved in the negative direction again signalling a possible close below 4092.60. However, this need not be tested today itself.
If NIFTY closes above 4137.10 it is positive, which implies further upward momentum.
An intraday high above 4137 is inevitable though the time factor for it to take place couldnot be judged.
NIFTY has to test a crucial resistance at 4199.50 to move up further.
The immediate support level is at 4023.20.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium to long term). 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.
Today's upper band and lower band lies at 4247.26 & 4013.15.
If Nifty moves below lower band by 20-30 points go long.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
APTECH
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4096.20. SENSEX Close 14188.49.
NIFTY has moved in the negative direction again signalling a possible close below 4092.60. However, this need not be tested today itself.
If NIFTY closes above 4137.10 it is positive, which implies further upward momentum.
An intraday high above 4137 is inevitable though the time factor for it to take place couldnot be judged.
NIFTY has to test a crucial resistance at 4199.50 to move up further.
The immediate support level is at 4023.20.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium to long term). 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.
Today's upper band and lower band lies at 4247.26 & 4013.15.
If Nifty moves below lower band by 20-30 points go long.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
APTECH
Tuesday, February 20, 2007
Feb 20,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4164.55. SENSEX Close 14402.90.
NIFTY moves with the expected lines. As mentioned yesterday NIFTY has tested the high of 4155.65 and closed above 4152.30. However, further momentum still stays unpredictable though it looks like a break out rally. If there is a higher PCR OI the rally could continue with great strength.
NIFTY has to test a crucial resistance at 4199.50 to move up further. Though there seemed to be an upward momentum, NIFTY could not test the resistance. This resistance has to be taken. If NIFTY closes above 4244.50(today), it could move up further few more sessions. Or Otherwise some consolidation has to take place at these levels to gain further strength.
The immediate support level is at 4023.20. There is a huge gap between current levels and the support which provides huge gap. In case of a dip even a dip above 100 points could happen.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium to long term). 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.
Today's upper band and lower band lies at 4247.80 & 4010.93.
If Nifty moves above upper band by 20-30 points a systemmatic profit booking is advised.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
BAJAJ HINDUSTAN
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4164.55. SENSEX Close 14402.90.
NIFTY moves with the expected lines. As mentioned yesterday NIFTY has tested the high of 4155.65 and closed above 4152.30. However, further momentum still stays unpredictable though it looks like a break out rally. If there is a higher PCR OI the rally could continue with great strength.
NIFTY has to test a crucial resistance at 4199.50 to move up further. Though there seemed to be an upward momentum, NIFTY could not test the resistance. This resistance has to be taken. If NIFTY closes above 4244.50(today), it could move up further few more sessions. Or Otherwise some consolidation has to take place at these levels to gain further strength.
The immediate support level is at 4023.20. There is a huge gap between current levels and the support which provides huge gap. In case of a dip even a dip above 100 points could happen.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium to long term). 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.
Today's upper band and lower band lies at 4247.80 & 4010.93.
If Nifty moves above upper band by 20-30 points a systemmatic profit booking is advised.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
BAJAJ HINDUSTAN
Friday, February 16, 2007
Feb 19,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4146.20. SENSEX Close 14355.55.
NIFTY has moved as expected. In the previous post, it was mentioned the possibility of pullback from these levels. Thursday's momentum might act as a break out for the next rally.
A high above 4155.65 will be tested in the near future. A close above 4152.30 is inevitable too. However, the time frame for the mentioned highs to be tested cannot be judged.
PCR OI has declined drastically. It implies limited strength to move up further. But it has to be watched if it could improve in the trading days to come.
NIFTY has to test a crucial resistance at 4199.50 to move up further.
The immediate support level is at 4023.20. There is a huge gap between current levels and the support which provides huge gap. In case of a dip even a dip above 100 points could happen.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium term). 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.
Today's upper band and lower band lies at 4244.50 & 4006.25.
If Nifty moves above upper band by 20-30 points a systemmatic profit booking is advised.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
PRAJAY ENGINEERING
REDINGTON
PEARL FASHION
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4146.20. SENSEX Close 14355.55.
NIFTY has moved as expected. In the previous post, it was mentioned the possibility of pullback from these levels. Thursday's momentum might act as a break out for the next rally.
A high above 4155.65 will be tested in the near future. A close above 4152.30 is inevitable too. However, the time frame for the mentioned highs to be tested cannot be judged.
PCR OI has declined drastically. It implies limited strength to move up further. But it has to be watched if it could improve in the trading days to come.
NIFTY has to test a crucial resistance at 4199.50 to move up further.
The immediate support level is at 4023.20. There is a huge gap between current levels and the support which provides huge gap. In case of a dip even a dip above 100 points could happen.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may occur any time after an upward rally(medium term). 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.
Today's upper band and lower band lies at 4244.50 & 4006.25.
If Nifty moves above upper band by 20-30 points a systemmatic profit booking is advised.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
PRAJAY ENGINEERING
REDINGTON
PEARL FASHION
Thursday, February 15, 2007
Feb 15,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4047.10.
NIFTY has corrected substantially to test 50 DAY SMA for the past two days. However, the sole consolation for the past two days were closings. NIFTY closed well above 50 Day SMA. Even pull back can be expected from this range provided the money flows from FIIs,other institutions and public.
Now the trend implies indecisiveness. Though it looks like a pull back, the momentum should play further for a good rally.
NIFTY has to test two crucial resistances at 4058.55 and 4199.50 to move up further.
The immediate support level is at 3909.65.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's upper band and lower band lies at 4242.55 & 4001.72.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
TULIP IT SERVICES
NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Close 4047.10.
NIFTY has corrected substantially to test 50 DAY SMA for the past two days. However, the sole consolation for the past two days were closings. NIFTY closed well above 50 Day SMA. Even pull back can be expected from this range provided the money flows from FIIs,other institutions and public.
Now the trend implies indecisiveness. Though it looks like a pull back, the momentum should play further for a good rally.
NIFTY has to test two crucial resistances at 4058.55 and 4199.50 to move up further.
The immediate support level is at 3909.65.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's upper band and lower band lies at 4242.55 & 4001.72.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
TULIP IT SERVICES
Monday, February 12, 2007
Feb 13,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4058.30.
"An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed."- A quote from yesterday's post. NIFTY has finally tested the mentioned points(intraday).
The immediate support level is at 4018.70. If it is tested, 4002 is inevitable, which need not happen immediately.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3926.81.
Note: These views do not have any relevance to NIFTY futures.
Technical Calls:
Buy HINDUSTAN LEVER at prices below 199.70 and Sell at 199.70(intraday).
If the price dips below your buy price buy systematically and take delivery, which would fetch you profits, when the stock moves up, which is sure.
Similarly buy ITC below 168.80 and sell at 168.80(intraday). If the price falls below your buy price to take delivery. It would fetch you sure profits when the stock moves up, which is inevitable.
Note:
----
There will be no updates or new page/post tommorow due to some maintenance work in the office.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4058.30.
"An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed."- A quote from yesterday's post. NIFTY has finally tested the mentioned points(intraday).
The immediate support level is at 4018.70. If it is tested, 4002 is inevitable, which need not happen immediately.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3926.81.
Note: These views do not have any relevance to NIFTY futures.
Technical Calls:
Buy HINDUSTAN LEVER at prices below 199.70 and Sell at 199.70(intraday).
If the price dips below your buy price buy systematically and take delivery, which would fetch you profits, when the stock moves up, which is sure.
Similarly buy ITC below 168.80 and sell at 168.80(intraday). If the price falls below your buy price to take delivery. It would fetch you sure profits when the stock moves up, which is inevitable.
Note:
----
There will be no updates or new page/post tommorow due to some maintenance work in the office.
Feb 12,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4187.40. BSE Close 14538.90.
NIFTY'S downward movement on Friday is little bit surprising. Though NIFTY might test Friday's low(4171.80), a huge correction of 200 points need not be expected at this point of time. If there is a upward momentum due to any fund flows from FIIs, you can even see the NIFTY moving near 4300 range within few trading days. Liquidity would drive the market in either direction. Let us wait and watch.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band(428845).
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3926.81.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
KS OILS LTD
AFTEK LTD
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4187.40. BSE Close 14538.90.
NIFTY'S downward movement on Friday is little bit surprising. Though NIFTY might test Friday's low(4171.80), a huge correction of 200 points need not be expected at this point of time. If there is a upward momentum due to any fund flows from FIIs, you can even see the NIFTY moving near 4300 range within few trading days. Liquidity would drive the market in either direction. Let us wait and watch.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band(428845).
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3926.81.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
KS OILS LTD
AFTEK LTD
Friday, February 09, 2007
Feb 9,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4223.40. BSE Close 14652.09.
NIFTY has signalled indecisiveness again. However, provided the positive momentum, it might reach the near term target of 4300 in 2 to 3 trading days. The expansion of upper band(4290.40) too supports our view.
NIFTY has to break 4232 to move up. If it is not broken a little correction could be witnessed.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3877.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SUJANA METAL
BPL LIMITED
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4223.40. BSE Close 14652.09.
NIFTY has signalled indecisiveness again. However, provided the positive momentum, it might reach the near term target of 4300 in 2 to 3 trading days. The expansion of upper band(4290.40) too supports our view.
NIFTY has to break 4232 to move up. If it is not broken a little correction could be witnessed.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band.
If NIFTY closes above upper band by 20-30 points, start booking your profits systematically.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3877.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SUJANA METAL
BPL LIMITED
Thursday, February 08, 2007
Feb 8,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4224.25. BSE Close 14643.13.
Upper band of NIFTY has expanded well to support our view that NIFTY would test a target near 4300 in 3 to 4 trading sessions.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band, which lies at 4279.30.
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% of your portfolio selectively (particularly NIFTY stocks).
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3877.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
LLOYD ELECTRICALS AND ENGINEERING
SAI SERVICES
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4224.25. BSE Close 14643.13.
Upper band of NIFTY has expanded well to support our view that NIFTY would test a target near 4300 in 3 to 4 trading sessions.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band, which lies at 4279.30.
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% of your portfolio selectively (particularly NIFTY stocks).
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3877.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
LLOYD ELECTRICALS AND ENGINEERING
SAI SERVICES
Wednesday, February 07, 2007
Feb 7,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4195.90. BSE Close 14478.19.
NIFTY trends well. As mentioned earlier, a short term target near 4300 might be reached within 4 to 5 trading sessions.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band, which lies at 4260.70.
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% of your portfolio selectively (particularly NIFTY stocks).
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3877.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ORCHID CHEMICALS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4195.90. BSE Close 14478.19.
NIFTY trends well. As mentioned earlier, a short term target near 4300 might be reached within 4 to 5 trading sessions.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band, which lies at 4260.70.
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% of your portfolio selectively (particularly NIFTY stocks).
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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.
Today's lower band lies at 3877.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
ORCHID CHEMICALS
Tuesday, February 06, 2007
Feb 6,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4215.35. BSE Close 14115.90.
NIFTY trends well. As mentioned earlier, a short term target near 4300 might be reached within 5 to 6 trading sessions.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band, which lies at 4244.65.
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%.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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 3874.01.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SWAN MILLS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4215.35. BSE Close 14115.90.
NIFTY trends well. As mentioned earlier, a short term target near 4300 might be reached within 5 to 6 trading sessions.
An intraday low below 4165.85 & 4056.45 are inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except the upper band, which lies at 4244.65.
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%.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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 3874.01.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
SWAN MILLS
Thursday, February 01, 2007
Feb 5,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4183.50.
NIFTY trends well. As mentioned earlier, this may end up in the range near 4300 within 6 to 7 trading sessions.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except that of upper band, which lies at 4221.60.
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%.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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 3878.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
DEN SO INDIA
GITANJALI GEMS
SWAN MILLS
NIFTY OUTLOOK - TECHNICAL ANALYSIS
___________________________________
NIFTY Close 4183.50.
NIFTY trends well. As mentioned earlier, this may end up in the range near 4300 within 6 to 7 trading sessions.
An intraday low below yesterday's low (4056.45) is inevitable, although the timeframe could not be fixed. It may take some time.
The immediate support level is at 4120. However there is no immediate resistance except that of upper band, which lies at 4221.60.
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%.
NIFTY has signalled a possible close below 3840 & 3801.65(inevitable), which may happen any time (medium term). 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 3878.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch(SHORT TO MEDIUM TERM)
DEN SO INDIA
GITANJALI GEMS
SWAN MILLS