July 31,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4440.05.
Short term support and resistance stays at 4381.1 and 4496.11.
NIFTY stays indecisive and waits for a trigger to move either side. It has closed below medium term sma for the past two days. If it closes below it today also. Then a correction could be expected. World markets and the announcement from RBI could act as a trigger.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4666.
Lower band -> 4276.95.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Tuesday, July 31, 2007
Monday, July 30, 2007
Friday, July 27, 2007
July 27,2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4619.80.
NIFTY is likely to test a low below 4620.50. US market crash likely to have some impact on our markets too. NIFTY tested the short term sma for the past two days. It is likely to test it today(4603)also. Higher volumes implies higher risk. Trade with caution.
NIFTY has signalled possible intraday low below 4490. NIFTY tested the upper band intraday, it couldn't close above it. It implies the presence of higher volatality, which reminds us to trade cautiously.
Higher PCR OI implies too many hedge positions, preventing NIFTY from a drastical fall.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4543.75, 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry,Finance Ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4678.60.
Lower band -> 4237.50.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4619.80.
NIFTY is likely to test a low below 4620.50. US market crash likely to have some impact on our markets too. NIFTY tested the short term sma for the past two days. It is likely to test it today(4603)also. Higher volumes implies higher risk. Trade with caution.
NIFTY has signalled possible intraday low below 4490. NIFTY tested the upper band intraday, it couldn't close above it. It implies the presence of higher volatality, which reminds us to trade cautiously.
Higher PCR OI implies too many hedge positions, preventing NIFTY from a drastical fall.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4543.75, 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry,Finance Ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4678.60.
Lower band -> 4237.50.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, July 23, 2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4566.05.
NIFTY signals indecisiveness again. But it has signalled possible intraday lows
below 4490. NIFTY tested the upper band intraday, it couldn't close above it. It implies the presence of higher volatality, which reminds us to trade cautiously.
Higher PCR OI implies too many hedge positions, preventing NIFTY from a drastical fall.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4543.75, 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4594.45.
Lower band -> 4189.40.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
__________________________________
NIFTY closes at 4566.05.
NIFTY signals indecisiveness again. But it has signalled possible intraday lows
below 4490. NIFTY tested the upper band intraday, it couldn't close above it. It implies the presence of higher volatality, which reminds us to trade cautiously.
Higher PCR OI implies too many hedge positions, preventing NIFTY from a drastical fall.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4543.75, 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4594.45.
Lower band -> 4189.40.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Wednesday, July 18, 2007
July 18,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4496.75.
NIFTY signals indecisiveness again. But it has signalled possible intraday highs and lows, above and below 4550 and 4490. NIFTY has to consolidate to some extent for further uptrend. Although NIFTY tested the upper band intraday, it couldn't close above it as it did in the previous trading session. It impleies the presence of higher volatality, which reminds us to trade cautiously.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4530.
Lower band -> 4168.40.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4496.75.
NIFTY signals indecisiveness again. But it has signalled possible intraday highs and lows, above and below 4550 and 4490. NIFTY has to consolidate to some extent for further uptrend. Although NIFTY tested the upper band intraday, it couldn't close above it as it did in the previous trading session. It impleies the presence of higher volatality, which reminds us to trade cautiously.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4530.
Lower band -> 4168.40.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Tuesday, July 17, 2007
July 17,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4512.15.
NIFTY signals indecisiveness again. NIFTY has to consolidate to some extent for further uptrend. Although NIFTY tested the upper band intraday, it couldn't close above it as it did in the previous trading session. It impleies the presence of higher volatality, which reminds us to trade cautiously.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4497.95.
Lower band -> 4082.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4512.15.
NIFTY signals indecisiveness again. NIFTY has to consolidate to some extent for further uptrend. Although NIFTY tested the upper band intraday, it couldn't close above it as it did in the previous trading session. It impleies the presence of higher volatality, which reminds us to trade cautiously.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4488.15, 4381 and 4328 levels. Expect NIFTY to test 4480 levels in the recent future.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4497.95.
Lower band -> 4082.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, July 16, 2007
July 16,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4504.55.
NIFTY closes above upper band at 4497.95. This is the first time it closes above the upper band after long time. It implies higher volatality. NIFTY had a great rally in the past two days. NIFTY cuts an important trendline. It indicates possible continuation of bullish onslaught. However minor corrections are not ruled out.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4381 and 4328 levels.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4497.95.
Lower band -> 4082.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4504.55.
NIFTY closes above upper band at 4497.95. This is the first time it closes above the upper band after long time. It implies higher volatality. NIFTY had a great rally in the past two days. NIFTY cuts an important trendline. It indicates possible continuation of bullish onslaught. However minor corrections are not ruled out.
NIFTY is sure to test 4345 and 4302 levels. Trade with utmost caution and stoploss. But NIFTY has a good support at 4381 and 4328 levels.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4497.95.
Lower band -> 4082.
For intraday traders 30-40 pts above upper band acts as resistance zone
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Thursday, July 12, 2007
July 11,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4387.15.
NIFTY has signalled indecisiveness again. NIFTY has closed below short term sma after many trading sessions. NIFTY is sure to test 4345 and 4302 levels. Ofcourse, it need not take place today itself. Trade with utmost caution and stoploss.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
NIFTY's immediate support level stays at 4366.60.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4451.15.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4387.15.
NIFTY has signalled indecisiveness again. NIFTY has closed below short term sma after many trading sessions. NIFTY is sure to test 4345 and 4302 levels. Ofcourse, it need not take place today itself. Trade with utmost caution and stoploss.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to higher liquidity, rather than fundamentals. But it might take some time for such measures to affect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
NIFTY's immediate support level stays at 4366.60.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4451.15.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Wednesday, July 11, 2007
July 9,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4406.05
NIFTY has signalled indecisiveness. There is no symptom of weakness in the charts. However, be cautious and trade with stop losses while taking long positions.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to liquidity rather than fundamentals. But it might take some time for such measures to effect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
An intraday low bleow 4302. But the time frame for them to take place is unpredictable. Upper band stays at 4451.12 providing scope for NIFTY move up further, when there is a good momentum.
NIFTY's immediate support level stays at 4366.60.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4451.15.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4406.05
NIFTY has signalled indecisiveness. There is no symptom of weakness in the charts. However, be cautious and trade with stop losses while taking long positions.
Commerce ministry, PM and RBI are discussing the ways and means to help exporters from crisis due to appreciating Indian Rupees. So, some measures could be expected, which would help Rupee stay afloat or depreciate. A depreciating currency would encourage FIIs or hedge funds to book profits and encourage outflow of currency. This might result in lower liquidity. The current rally is due to liquidity rather than fundamentals. But it might take some time for such measures to effect the markets. This is an ideal situation, where every upmove could be utilised to book profits. Long term investors could use the cash in hand, when there is a decent correction. So, systematic selling is recommended.
An intraday low bleow 4302. But the time frame for them to take place is unpredictable. Upper band stays at 4451.12 providing scope for NIFTY move up further, when there is a good momentum.
NIFTY's immediate support level stays at 4366.60.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Upper band -> 4451.15.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, July 09, 2007
July 9,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4384.85
NIFTY tested short term sma for the past two days after 4 trading sessions.
An intraday low bleow 4302 and an intraday high above 4411 are inevitable. But the time frame for them to take place is unpredictable. Upper band stays at 4414.25 providing scope when there is an upmove.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Long term traders should utilise the market bull run to book profits systematically. A decent correction could be expected after rally, where the people holding cash could utilise the opportunity to buy at bottoms. Long positions require strict stop loss.
Upper band -> 4394.50.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4384.85
NIFTY tested short term sma for the past two days after 4 trading sessions.
An intraday low bleow 4302 and an intraday high above 4411 are inevitable. But the time frame for them to take place is unpredictable. Upper band stays at 4414.25 providing scope when there is an upmove.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Long term traders should utilise the market bull run to book profits systematically. A decent correction could be expected after rally, where the people holding cash could utilise the opportunity to buy at bottoms. Long positions require strict stop loss.
Upper band -> 4394.50.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Friday, July 06, 2007
July 6,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4353.95. Sensex closes at 14861.89.
NIFTY tested short term sma after 4 trading sessions. "An intraday low below 4236.30 and 4302 are inevitable, although the time frame for them to take place is unknown. " This is a quote from yesterday's post. A low below 4236.30 was tested yesterday. Expect a low bleow 4302. It need not take place immediately. It provides a clue for systematic selling at higher levels to take advantage of the possible low. Market stays indecisive, although it signalled possible low below yesterday low. NIFTY has to consolidate if it had to move up further. However upper band provide some scope if there is any upward momentum.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Long term traders should utilise the market bull run to book profits systematically. A decent correction could be expected after rally, where the people holding cash could utilise the opportunity to buy at bottoms. Long positions require strict stop loss.
Upper band -> 4394.50.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4353.95. Sensex closes at 14861.89.
NIFTY tested short term sma after 4 trading sessions. "An intraday low below 4236.30 and 4302 are inevitable, although the time frame for them to take place is unknown. " This is a quote from yesterday's post. A low below 4236.30 was tested yesterday. Expect a low bleow 4302. It need not take place immediately. It provides a clue for systematic selling at higher levels to take advantage of the possible low. Market stays indecisive, although it signalled possible low below yesterday low. NIFTY has to consolidate if it had to move up further. However upper band provide some scope if there is any upward momentum.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Long term traders should utilise the market bull run to book profits systematically. A decent correction could be expected after rally, where the people holding cash could utilise the opportunity to buy at bottoms. Long positions require strict stop loss.
Upper band -> 4394.50.
Lower band -> 4082.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Thursday, July 05, 2007
July 5,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4359.30. Sensex closes at 14880.24.
NIFTY chart pattern is looking good. But signalled indecisiveness yesterday. It has been consistently maintained that all time high would be tested. As per our view all time high were tested in the last two days. It was mentioned in yesterday's post that an intraday high above day before yesterday's high would be tested. It did happen yesterday.
An important development should be noted. For the first time upper band was tested yesterday,in the recent past, although it closed below it. It is a note of caution. NIFTY had a decent correction in the previous instance, when it tested upper band intraday.
Expanding upper band provides further scope for upward momentum.
For intraday traders, profits could be booked around 4410-4420 levels.
An intraday low below 4236.30 and 4302 are inevitable, although the time frame for them to take place is unknown.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4378.60.
Lower band -> 4083.07.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4359.30. Sensex closes at 14880.24.
NIFTY chart pattern is looking good. But signalled indecisiveness yesterday. It has been consistently maintained that all time high would be tested. As per our view all time high were tested in the last two days. It was mentioned in yesterday's post that an intraday high above day before yesterday's high would be tested. It did happen yesterday.
An important development should be noted. For the first time upper band was tested yesterday,in the recent past, although it closed below it. It is a note of caution. NIFTY had a decent correction in the previous instance, when it tested upper band intraday.
Expanding upper band provides further scope for upward momentum.
For intraday traders, profits could be booked around 4410-4420 levels.
An intraday low below 4236.30 and 4302 are inevitable, although the time frame for them to take place is unknown.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4378.60.
Lower band -> 4083.07.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Wednesday, July 04, 2007
July 4,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4357.75.
NIFTY chart pattern is good. It is consistently maintained all time high would be tested. An intraday high above yesterday's high is expected today. Expanding upper band provides further scope for upward momentum. For intraday traders, profits could be booked around 4400 levels.
An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4365.38
Lower band -> 4089.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4357.75.
NIFTY chart pattern is good. It is consistently maintained all time high would be tested. An intraday high above yesterday's high is expected today. Expanding upper band provides further scope for upward momentum. For intraday traders, profits could be booked around 4400 levels.
An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4365.38
Lower band -> 4089.20.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Tuesday, July 03, 2007
July 3,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4313.75.
NIFTY chart pattern is good. It has signalled indecisiveness yesterday. An intraday low below 4302 could be expected in short term. NIFTY would gain positive momentum when it crosses yesterday's high of 4346.75. Little bit upward momentum could be expected then. It has to be watched if it could breach all time high again, as it is inevitable.
An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4346.
Lower band -> 4100.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4313.75.
NIFTY chart pattern is good. It has signalled indecisiveness yesterday. An intraday low below 4302 could be expected in short term. NIFTY would gain positive momentum when it crosses yesterday's high of 4346.75. Little bit upward momentum could be expected then. It has to be watched if it could breach all time high again, as it is inevitable.
An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.
NIFTY's immediate support level stays at 4276.75.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4346.
Lower band -> 4100.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
Monday, July 02, 2007
July 2,07
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4318.3.
NIFTY chart pattern is good. Little bit upward momentum could be expected. It has to be watched if it could breach all time high again, as it is inevitable.
As mentioned in friday an intraday high above 4296.15 was tested .
An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.
NIFTY's immediate support level stays at 4191.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4346.
Lower band -> 4100.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4318.3.
NIFTY chart pattern is good. Little bit upward momentum could be expected. It has to be watched if it could breach all time high again, as it is inevitable.
As mentioned in friday an intraday high above 4296.15 was tested .
An intraday low below 4236.30 are inevitable, although the time frame for them to take place is unknown. In overall perspective, chart looks good for an upmove. So,long term investors could expect some highs to book profits and exit their positions systematically.
NIFTY's immediate support level stays at 4191.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested. The time frame for it to take place is unpredictable.
Similarly, another new high on intraday basis above the ever high 4362.95 is inevitable too, with an unpredictable time frame.
Markets likely to face lower liquidity after public offers of DLF, ICICI BANK, etc.,. Since these issues are larger issues they may suck some liquidity out of the market(particularly FII flows), which may affect the further up move in the NIFTY after few weeks.
Upper band -> 4346.
Lower band -> 4100.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
[NO STOCKS]-> As we advised profit booking for many weeks, no buy calls were mentioned here for many posts. We maintain the Status quo.