Mar 30,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3798.1. Sensex 12979.66.
NIFTY didnot test the crucial support at 3738.75 in the past two sessions and had a good rally yesterday. Chart pattern looks good. However, further strengthening is required to confirm this rally.
NIFTY will test 4137.50(inevitable - sure- medium term) any day. This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3738.75.
If 3908.60 is tested expect 3915.90.
Upper Band ->3892.65
Lower Band ->3562.35
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
[NO STOCKS]
Friday, March 30, 2007
Thursday, March 29, 2007
Mar 29,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3761.1.
NIFTY didnot test the crucial support at 384.46. If it is maintained, it could commence the upward journey again with ease.
If the direction of the NIFTY changes and tests the previous support levels around 3550, further dips could be expected, which would lead to levels around 3425.
It is settlement day. So it might be difficult to predict today's trend. Even there is a possibility of higher volatality.
NIFTY will test 4137.50(inevitable - sure- medium term) any day. This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3840.46.
If 3908.60 is tested expect 3915.90.
Upper Band ->3910.2
Lower Band ->3553.93
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
Gateway Distriparks Limited
PVR
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3761.1.
NIFTY didnot test the crucial support at 384.46. If it is maintained, it could commence the upward journey again with ease.
If the direction of the NIFTY changes and tests the previous support levels around 3550, further dips could be expected, which would lead to levels around 3425.
It is settlement day. So it might be difficult to predict today's trend. Even there is a possibility of higher volatality.
NIFTY will test 4137.50(inevitable - sure- medium term) any day. This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3840.46.
If 3908.60 is tested expect 3915.90.
Upper Band ->3910.2
Lower Band ->3553.93
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
Gateway Distriparks Limited
PVR
Monday, March 26, 2007
Mar 26,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3861.05. Sensex 13285.90.
NIFTY has finally broke out and the rally continues. It might have to test few resistances before further rally. The initial resistance stays at 3908.60. A close above 3942 would further strengthen NIFTY. Any small dip could be utilised as a buying opportunity. It is a settlement week, so higher volatality could be expected this week.
PCR OI NIFTY is not so strong to support a huge rally. But it may strengher or move up in the weeks to come.
NIFTY will test 4137.50(inevitable - sure- medium term) any day. This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3840.46.
If 3908.60 is tested expect 3915.90.
Upper Band ->3962.10
Lower Band ->3508.19
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
[no stocks]
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3861.05. Sensex 13285.90.
NIFTY has finally broke out and the rally continues. It might have to test few resistances before further rally. The initial resistance stays at 3908.60. A close above 3942 would further strengthen NIFTY. Any small dip could be utilised as a buying opportunity. It is a settlement week, so higher volatality could be expected this week.
PCR OI NIFTY is not so strong to support a huge rally. But it may strengher or move up in the weeks to come.
NIFTY will test 4137.50(inevitable - sure- medium term) any day. This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3840.46.
If 3908.60 is tested expect 3915.90.
Upper Band ->3962.10
Lower Band ->3508.19
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
[no stocks]
Friday, March 23, 2007
Mar 23,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3875.90. Sensex 13308.03.
"If a rally triggers today, it might be a break out bull rally or a pull back rally.
NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness." This is a quote from yesterday's post.
NIFTY opened with a big bang and surpassed the required high above 3795.70 very quickly. This is a technical confirmation of break out. So buying at these levels and dips are encouraged. It is mentioned here that NIFTY will test 4137.50(inevitable - sure- medium term). This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3655.
If 3908.60 is tested expect 3915.90.
Upper Band ->4001.53
Lower Band ->3508.19
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
S.Kumars Nationwide
Sujana Metals
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3875.90. Sensex 13308.03.
"If a rally triggers today, it might be a break out bull rally or a pull back rally.
NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness." This is a quote from yesterday's post.
NIFTY opened with a big bang and surpassed the required high above 3795.70 very quickly. This is a technical confirmation of break out. So buying at these levels and dips are encouraged. It is mentioned here that NIFTY will test 4137.50(inevitable - sure- medium term). This rally might lead to the said target.
Immediate resistance and support for NIFTY stays at 3908.60 and 3655.
If 3908.60 is tested expect 3915.90.
Upper Band ->4001.53
Lower Band ->3508.19
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
S.Kumars Nationwide
Sujana Metals
Thursday, March 22, 2007
Mar 22,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3764.55. Sensex 12945.88.
If a rally triggers today, it might be a break out bull rally or a pull back rally.
NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness.
Immediate resistance and support for NIFTY stays at 3908.60 and 3655.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4049.52
Lower Band ->3481.17
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
[NO STOCKS]
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3764.55. Sensex 12945.88.
If a rally triggers today, it might be a break out bull rally or a pull back rally.
NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness.
Immediate resistance and support for NIFTY stays at 3908.60 and 3655.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4049.52
Lower Band ->3481.17
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
------------------
[NO STOCKS]
Wednesday, March 21, 2007
Mar 21,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3697.60. Sensex 12705.94.
NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness. An intraday high above 3725 could be expected in the near future.
NIFTY will test 3574 in the future, though date could not be estimated. If NIFTY breaks the support level around 3550, then it might move down quickly to test 3425.15.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. However, NIFTY shouldn't close below 3428.55.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4102.55
Lower Band ->3460.75
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
INDIA CEMENTS
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3697.60. Sensex 12705.94.
NIFTY's chart pattern looks good and a close above 3770.55 or an intraday high above
3795.70 will signal bullishness. An intraday high above 3725 could be expected in the near future.
NIFTY will test 3574 in the future, though date could not be estimated. If NIFTY breaks the support level around 3550, then it might move down quickly to test 3425.15.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. However, NIFTY shouldn't close below 3428.55.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4102.55
Lower Band ->3460.75
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
INDIA CEMENTS
Friday, March 16, 2007
Mar 16,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3643.60. Sensex 12543.85.
NIFTY will test 3623 in the near future. If NIFTY tests the same today. A low below today's low will be tested some other day. If NIFTY breaks the support level around 3550, then it might move down quickly to test 3425.15.
NIFTY has to move up with good volumes for a pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. However, NIFTY shouldn't close below 3428.55.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4228.47
Lower Band ->3465.60
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
[no stocks]
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3643.60. Sensex 12543.85.
NIFTY will test 3623 in the near future. If NIFTY tests the same today. A low below today's low will be tested some other day. If NIFTY breaks the support level around 3550, then it might move down quickly to test 3425.15.
NIFTY has to move up with good volumes for a pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. However, NIFTY shouldn't close below 3428.55.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4228.47
Lower Band ->3465.60
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
[no stocks]
Thursday, March 15, 2007
Mar 15,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3641.10. Sensex 12529.62.
"If NIFTY closes below 3718, expect the next step of correction to take place." This is a quote from yesterday's post. NIFTY will test yesterday's low of 3623 in the near future. It looks as if the next leg of correction has begun. If NIFTY breaks the support level around 3550, then it might move down quickly to test 3425.15.
NIFTY has to move up with good volumes for a pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. However, NIFTY shouldn't close below 3428.55.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past three days. It is positive. But if there is a huge fall today, the positive would turn out to be negatives.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4244.93
Lower Band ->3487.30
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
S.Kumars Nationwide
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3641.10. Sensex 12529.62.
"If NIFTY closes below 3718, expect the next step of correction to take place." This is a quote from yesterday's post. NIFTY will test yesterday's low of 3623 in the near future. It looks as if the next leg of correction has begun. If NIFTY breaks the support level around 3550, then it might move down quickly to test 3425.15.
NIFTY has to move up with good volumes for a pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. However, NIFTY shouldn't close below 3428.55.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past three days. It is positive. But if there is a huge fall today, the positive would turn out to be negatives.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4244.93
Lower Band ->3487.30
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
S.Kumars Nationwide
Wednesday, March 14, 2007
Mar 14,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3770.55. Sensex 12982.98.
NIFTY's move has signalled a technical indecisiveness. Either an intraday move above 3781.45 or an intraday low below 3713.90 could set further upside or downside. NIFTY waits for a trigger for the direction. Sharp fallin US markets and other Asian markets may act as a trigger. If NIFTY closes below 3718, expect the next step of correction to take place.
NIFTY has to move up with good volumes for a confirmation of pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past three days. It is positive. But if there is a huge fall today, the positive would turn out to be negatives.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4258.95
Lower Band ->3513
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
[no stocks]
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3770.55. Sensex 12982.98.
NIFTY's move has signalled a technical indecisiveness. Either an intraday move above 3781.45 or an intraday low below 3713.90 could set further upside or downside. NIFTY waits for a trigger for the direction. Sharp fallin US markets and other Asian markets may act as a trigger. If NIFTY closes below 3718, expect the next step of correction to take place.
NIFTY has to move up with good volumes for a confirmation of pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past three days. It is positive. But if there is a huge fall today, the positive would turn out to be negatives.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4258.95
Lower Band ->3513
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
[no stocks]
Tuesday, March 13, 2007
Mar 13,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3734.60. Sensex 12902.63
NIFTY's move has signalled a technical indecisiveness. Either an intraday move above 3781.45 or an intraday low below 3713.90 could set further upside or downside.
NIFTY has to move up with good volumes for a confirmation of pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past three days. It is positive.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4296.90
Lower Band ->3514.75
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
INDIA CEMENTS
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3734.60. Sensex 12902.63
NIFTY's move has signalled a technical indecisiveness. Either an intraday move above 3781.45 or an intraday low below 3713.90 could set further upside or downside.
NIFTY has to move up with good volumes for a confirmation of pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past three days. It is positive.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY will test 4137.50(inevitable - sure- medium term).
Upper Band ->4296.90
Lower Band ->3514.75
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
INDIA CEMENTS
Monday, March 12, 2007
Mar 12,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3718. Sensex 12884.99.
NIFTY's move today would stay significant as it could set further trend.
NIFTY has to move up with good volumes for a confirmation of pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past two days. It is a consolation.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY would test 4137.50(inevitable - sure- medium term).
Upper Band ->4335.30
Lower Band ->3522.95
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
IDEA CELLULAR
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3718. Sensex 12884.99.
NIFTY's move today would stay significant as it could set further trend.
NIFTY has to move up with good volumes for a confirmation of pull back rally. If NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern. But the weak PCR OI doesnot provide support for the upward journey.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
NIFTY has closed above 5 day SMA and maintained above the lower band for the past two days. It is a consolation.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays near 3550-3580 levels. 3420.50 is a very impotant support level which should stay unbroken.
On the upper side NIFTY would test 4137.50(inevitable - sure- medium term).
Upper Band ->4335.30
Lower Band ->3522.95
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
IDEA CELLULAR
Friday, March 09, 2007
Mar 9,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3761.65. Sensex 13049.35.
NIFTY had a good rally yesterday. If this rally sustains and NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays at 3420.50.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
On the upper side NIFTY would test 4137.50(inevitable - sure- medium term).
Upper Band ->4366.80
Lower Band ->3539.65
Significant support for NIFTY stays at 3420.50.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
[NO STOCKS]
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3761.65. Sensex 13049.35.
NIFTY had a good rally yesterday. If this rally sustains and NIFTY closes above 3811.2, further positives could be expected, as it strengthens the chart pattern.
Immediate resistance for NIFTY stays at 3908.60. If it is tested and an intraday high above 3958.90 is tested then the further positives could be expected.
Significant support for NIFTY stays at 3420.50.
An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated. It might even happen after a rally.
On the upper side NIFTY would test 4137.50(inevitable - sure- medium term).
Upper Band ->4366.80
Lower Band ->3539.65
Significant support for NIFTY stays at 3420.50.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
[NO STOCKS]
Wednesday, March 07, 2007
Mar 7,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3655.65. Sensex 12697.09.
NIFTY atlast had a positive day and closes above lower band. However, still weakness prevails. An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated.
On the upper side NIFTY would test 4137.50(inevitable - sure- medium term).
Upper Band ->4399.36
Lower Band ->3604.47
Significant support for NIFTY stays at 3420.50.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
shree renuga sugars
MTNL
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3655.65. Sensex 12697.09.
NIFTY atlast had a positive day and closes above lower band. However, still weakness prevails. An intraday low below 3425.15 and a close below 3449.50 are inevitable, although the date & time at which it could take place couldn't be estimated.
On the upper side NIFTY would test 4137.50(inevitable - sure- medium term).
Upper Band ->4399.36
Lower Band ->3604.47
Significant support for NIFTY stays at 3420.50.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
shree renuga sugars
MTNL
Tuesday, March 06, 2007
Mar 6,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3576.50. Sensex 12415.04.
"Our prefered view is NIFTY should test wednesday's bottom(3674.85)". It is a quote from yesterday's post. Inspite of testing the said level, it has gone below further with a huge downside potential. Yesterday's low has ensured an intraday low below 3425.15 and a close below 3449.50, although the time at which it could take place couldn't be estimated.
If NIFTY closes below 3531.3 today another steep fall could be expected.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term.
Upper Band ->4398.45
Lower Band ->3655.68
NIFTY stays below lower band for a longer period. It indicates that market remains oversold.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
No stocks
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3576.50. Sensex 12415.04.
"Our prefered view is NIFTY should test wednesday's bottom(3674.85)". It is a quote from yesterday's post. Inspite of testing the said level, it has gone below further with a huge downside potential. Yesterday's low has ensured an intraday low below 3425.15 and a close below 3449.50, although the time at which it could take place couldn't be estimated.
If NIFTY closes below 3531.3 today another steep fall could be expected.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term.
Upper Band ->4398.45
Lower Band ->3655.68
NIFTY stays below lower band for a longer period. It indicates that market remains oversold.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
No stocks
Mar 6,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3576.50. Sensex 12415.04.
NIFTY has signalled a possible intraday low below 3425.15 and a possible close below 3449.40. The time of occurence might not be assessible though.
"Our prefered view is NIFTY should test wednesday's bottom(3674.85)". This was stated in yesterday's post. But the fall was tragic due to the correction in the world markets. The correction has gone beyond preferred view.
NIFTY requires heavy shorts building up in the bottom, to move up further. Weakness prevails still and there are no positive signs yet. But if shorts build up, which may require some consolidation, it might help NIFTY to strengthen.
Absence of periodical correction in the upmove might be the reason for the steep fall in NIFTY.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So,start buying (Buy here and buy in dips- systemmatic buying recommended)and enjoy profits, when NIFTY tests the mentioned levels.
Inflation in the economy has started easing. It is a good sign. If inflation is contained beyond certain level it may act as a fundamental impetus that could drive markets up in the weeks or months to come. It may end up in easing the higher interest rates and further boost the growth.
Upper Band -> 4398.45
Lower Band -> 3655.65
NIFTY staying below lower band for longer period is rare scenario. It signifies that market is oversold. It migtht bounce back sure, in the near future.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
NO
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3576.50. Sensex 12415.04.
NIFTY has signalled a possible intraday low below 3425.15 and a possible close below 3449.40. The time of occurence might not be assessible though.
"Our prefered view is NIFTY should test wednesday's bottom(3674.85)". This was stated in yesterday's post. But the fall was tragic due to the correction in the world markets. The correction has gone beyond preferred view.
NIFTY requires heavy shorts building up in the bottom, to move up further. Weakness prevails still and there are no positive signs yet. But if shorts build up, which may require some consolidation, it might help NIFTY to strengthen.
Absence of periodical correction in the upmove might be the reason for the steep fall in NIFTY.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So,start buying (Buy here and buy in dips- systemmatic buying recommended)and enjoy profits, when NIFTY tests the mentioned levels.
Inflation in the economy has started easing. It is a good sign. If inflation is contained beyond certain level it may act as a fundamental impetus that could drive markets up in the weeks or months to come. It may end up in easing the higher interest rates and further boost the growth.
Upper Band -> 4398.45
Lower Band -> 3655.65
NIFTY staying below lower band for longer period is rare scenario. It signifies that market is oversold. It migtht bounce back sure, in the near future.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
NO
Monday, March 05, 2007
Mar 5,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3811.20. Sensex 13159.55.
Our prefered view is NIFTY should test wednesday's bottom(3674.85) before a bounce back. But it didn't. Let us hope the bottom level is tested this week. If NIFTY bounces back after it, a good rally could be expected.
Weak PCR OI might prevent NIFTY from moving up fiercely. But if shorts build up, which may require some consolidation, it might help NIFTY to strengthen.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So,start buying (Buy here and buy in dips- systemmatic buying recommended)and enjoy profits in the shorter to medium time frame.
Upper Band ->4364.81
Lower Band ->3742.70
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
PYRAMID SAIMIRA
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3811.20. Sensex 13159.55.
Our prefered view is NIFTY should test wednesday's bottom(3674.85) before a bounce back. But it didn't. Let us hope the bottom level is tested this week. If NIFTY bounces back after it, a good rally could be expected.
Weak PCR OI might prevent NIFTY from moving up fiercely. But if shorts build up, which may require some consolidation, it might help NIFTY to strengthen.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So,start buying (Buy here and buy in dips- systemmatic buying recommended)and enjoy profits in the shorter to medium time frame.
Upper Band ->4364.81
Lower Band ->3742.70
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
PYRAMID SAIMIRA
Friday, March 02, 2007
Mar 2,2007
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3811.20. Sensex 13159.55.
Our prefered view is NIFTY should test wednesday's bottom(3674.85) before a bounce back. But it didnot happen yesterday. Instead, short covering has helped it to bounce back to higher levels without testing the bottom. It implies a possibility of one more downside in the future.
NIFTY has finally closed above lower band. If there is a positive momentum it might move up. Actually the real resistance for NIFTY stays at 4199.45. Rest of the resistance or short term resistances, which would not sustain. So such resistances are not mentioned here.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So,start buying (Buy here and buy in dips- systemmatic buying recommended)and enjoy profits in the shorter to medium time frame. But profits could be booked at this level. Again long positions could be taken only if NIFTY breaks the high of 4245.30 or if it closes above 4224.25.
Upper Band ->4343.35
Lower Band ->3798.08
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
Gv Films
Donear Industries
NIFTY OUTLOOK (Based on TECHNICAL ANALYSIS)
___________________________________________
NIFTY close 3811.20. Sensex 13159.55.
Our prefered view is NIFTY should test wednesday's bottom(3674.85) before a bounce back. But it didnot happen yesterday. Instead, short covering has helped it to bounce back to higher levels without testing the bottom. It implies a possibility of one more downside in the future.
NIFTY has finally closed above lower band. If there is a positive momentum it might move up. Actually the real resistance for NIFTY stays at 4199.45. Rest of the resistance or short term resistances, which would not sustain. So such resistances are not mentioned here.
NIFTY would test 4137.50(inevitable - sure) in the short to medium term. So,start buying (Buy here and buy in dips- systemmatic buying recommended)and enjoy profits in the shorter to medium time frame. But profits could be booked at this level. Again long positions could be taken only if NIFTY breaks the high of 4245.30 or if it closes above 4224.25.
Upper Band ->4343.35
Lower Band ->3798.08
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
Gv Films
Donear Industries
Thursday, March 01, 2007
Mar 1,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY close 3745.30. Sensex 12938.09.
"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." This is a quote of yesterday's post. Finally NIFTY has closed below 3801.65, which was mentioned in all posts for atleast a month or two, thanks to the market fall.
Now NIFTY is in the process of finding a new bottom to bounce back from these levels.
NIFTY might test yesterday's bottom(3674.85) before a bounce back.
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. 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.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
Alok Industries
Balrampur chini
Bajaj Hindustan
Goldstone Tech
Pioneer Embroideries
Shree Renuga Sugars
Vivimed labs
Sub Projects
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 3745.30. Sensex 12938.09.
"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." This is a quote of yesterday's post. Finally NIFTY has closed below 3801.65, which was mentioned in all posts for atleast a month or two, thanks to the market fall.
Now NIFTY is in the process of finding a new bottom to bounce back from these levels.
NIFTY might test yesterday's bottom(3674.85) before a bounce back.
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. 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.
Note: These views do not have any relevance to NIFTY futures.
STOCKS TO WATCH
----------------
Alok Industries
Balrampur chini
Bajaj Hindustan
Goldstone Tech
Pioneer Embroideries
Shree Renuga Sugars
Vivimed labs
Sub Projects
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.