Sep 28,2007
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5000.55. Sensex Closes at 17150.56.
NIFTY and Sensex has closed above the psychological levels(5000 & 17000). Though the momentum seems to look good, it is safe to book profits in majority of the counters. Ofcourse, NIFTY would test the yesterday's high 5016.40. It need not be tested today itself.
NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.
As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till next march. But high momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4923.60.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 5010.70.
Lower band -> 4232.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Friday, September 28, 2007
Wednesday, September 26, 2007
Sep 27,2007
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4940.50. Sensex Closes at 16921.39.
NIFTY has signalled indecisiveness again. But NIFTY would surely test 4980 levels in the future. There is a confirmation of two more intraday highs to yesterday's high. These two highs need not take place immediately.
NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.
As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till next march. But high momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4923.60.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 4955.
Lower band -> 4226.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4940.50. Sensex Closes at 16921.39.
NIFTY has signalled indecisiveness again. But NIFTY would surely test 4980 levels in the future. There is a confirmation of two more intraday highs to yesterday's high. These two highs need not take place immediately.
NIFTY is in dangerous zone. It is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.
As per the Fundamentals NIFTY could just move up by 10-15% from these levels. The higher levels to be tested has got a time lag till next march. But high momentum prevailing at this juncture could be used to book profits and re-enter at lower levels.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4923.60.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms, Banking, Consumer Durables,etc. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 4955.
Lower band -> 4226.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Monday, September 24, 2007
Sep 24,20071
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4837.55.
NIFTY has moved well up on friday, ensuring another intraday high above 4855 in the future. But NIFTY has move well above upper band. So, it is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4526.50.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 4789.
Lower band -> 4166.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4837.55.
NIFTY has moved well up on friday, ensuring another intraday high above 4855 in the future. But NIFTY has move well above upper band. So, it is the time to start booking profits, irrespective of upward momentum. Higher volatality might bring a sudden fall, if there is any negative trigger. Time to trade cautious. Avoid fresh longs.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4526.50.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 4789.
Lower band -> 4166.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Friday, September 21, 2007
Sep 21,20071
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4447.55. Sensex Closes at 16347.96.
As per our expectation NIFTY had a higher close than day before yesterday's close. Now NIFTY has signalled indecisiveness. Huge upside cannot be expected from this levels day-to-day basis, as NIFTY trades near upper band.
For intraday players, 30-40 points above upperband serves as resistance.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4526.50.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 4756.
Lower band -> 4166.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4447.55. Sensex Closes at 16347.96.
As per our expectation NIFTY had a higher close than day before yesterday's close. Now NIFTY has signalled indecisiveness. Huge upside cannot be expected from this levels day-to-day basis, as NIFTY trades near upper band.
For intraday players, 30-40 points above upperband serves as resistance.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4526.50.
Rupees appreciation against dollar is a dangerous proposition for Indian Economy in long term. It might prevent and discourage new investments in Export oriented industries. Textiles, IT and other exporting industries, which have a major contribution in Indian Growth story might not have encouraging growth and end up in economy slowdown. If IT industry gets affected, spending could comedown and affect Real Estate firms. Moreover, there is a chance of huge trade deficits and current account deficits, which could encourage FII outflows, which might affect markets.
Upper band -> 4756.
Lower band -> 4166.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Thursday, September 20, 2007
Sep 20,2007
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4494.65. Sensex Closes at 15,504.43.
It was mentioned in earlier posts that NIFTY is waiting for some trigger, which could take it either side with huge volatality, as there is a big gap between upper band and lower band. It did happen yesterday and the trigger has driven NIFTY to make historical highs. NIFTY has good chart patterns implying possible upside. However, NIFTY has closed above upperband. So, trade cautiously. On the upperside the volatality may not be too high as it is near upper band. For intraday players, 30-40 points above upperband serves as resistance.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4526.50. Yesterday's rally was driven higher liquidity. Particularly FIIs have pumped huge funds yesterday.
Upper band -> 4726.52.
Lower band -> 4139.85.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4494.65. Sensex Closes at 15,504.43.
It was mentioned in earlier posts that NIFTY is waiting for some trigger, which could take it either side with huge volatality, as there is a big gap between upper band and lower band. It did happen yesterday and the trigger has driven NIFTY to make historical highs. NIFTY has good chart patterns implying possible upside. However, NIFTY has closed above upperband. So, trade cautiously. On the upperside the volatality may not be too high as it is near upper band. For intraday players, 30-40 points above upperband serves as resistance.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term.
Support is at 4526.50. Yesterday's rally was driven higher liquidity. Particularly FIIs have pumped huge funds yesterday.
Upper band -> 4726.52.
Lower band -> 4139.85.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Tuesday, September 18, 2007
Sep 18,2007
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4494.65. Sensex Closes at 15,504.43.
As mentioned in previous post NIFTY has no trend left. So, it is consolidated waiting for some trigger. It prevented us from posting fresh.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.
Resistance stays at 4626. support is at 4446.10, which prevented NIFTY from further downfall in last few trading sessions.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for them to take place is unpredictable.
Upper band -> 4688.96.
Lower band -> 4082.70.
Wide gap between upper band and lower band provides gap for higher volatility in the days to come and when a new trend or pattern emerges.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4494.65. Sensex Closes at 15,504.43.
As mentioned in previous post NIFTY has no trend left. So, it is consolidated waiting for some trigger. It prevented us from posting fresh.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.
Resistance stays at 4626. support is at 4446.10, which prevented NIFTY from further downfall in last few trading sessions.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for them to take place is unpredictable.
Upper band -> 4688.96.
Lower band -> 4082.70.
Wide gap between upper band and lower band provides gap for higher volatility in the days to come and when a new trend or pattern emerges.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Friday, September 14, 2007
Sep 14,2007
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4528.95. Sensex Closes at 15,614.44.
As mentioned in previous post NIFTY has no trend left. So, it is consolidated waiting for some trigger. It prevented us from posting fresh.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.
Resistance stays at 4626. support is at 4446.10, which prevented NIFTY from further downfall in last few trading sessions.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4675.35.
Lower band -> 4027.17.
Wide gap between upper band and lower band provides gap for higher volatility in the days to come and when a new trend or pattern emerges.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4528.95. Sensex Closes at 15,614.44.
As mentioned in previous post NIFTY has no trend left. So, it is consolidated waiting for some trigger. It prevented us from posting fresh.
As mentioned in previous post NIFTY is likely to test a low below 4446 and 4453 in short to medium term. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.
Resistance stays at 4626. support is at 4446.10, which prevented NIFTY from further downfall in last few trading sessions.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4675.35.
Lower band -> 4027.17.
Wide gap between upper band and lower band provides gap for higher volatility in the days to come and when a new trend or pattern emerges.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Tuesday, September 11, 2007
Sep 11, 2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4509.50. Sensex Closes at 15596.83.
As mentioned in yesterday's post NIFTY is likely to test a low below 4440 and yesterday's low(4452.95) could be tested too. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.
Resistance stays at 4519.05 and 4626. support is at 4446.10, which prevented NIFTY from further downfall yesterday.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4627.65.
Lower band -> 4032.40.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4509.50. Sensex Closes at 15596.83.
As mentioned in yesterday's post NIFTY is likely to test a low below 4440 and yesterday's low(4452.95) could be tested too. It need not take place today itself.
Now the patterns doesn't suggest a definite trend. So, it is better to wait and watch. But upper band might provide some hope, although it doesnot ensure upside.
Resistance stays at 4519.05 and 4626. support is at 4446.10, which prevented NIFTY from further downfall yesterday.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4627.65.
Lower band -> 4032.40.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Monday, September 10, 2007
Sep 10, 2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4509.50.
As mentioned in previous posts NIFTY has tested 4534 levels on Friday. There are no further technical points to be tested in the upperside as per our analysis. But upper band might provide some hope, although it doesnot ensure upside. Expect markets to have a good plunge today. World market jitters are expected to affect our markets too.
NIFTY likely to test a low below 4440. However, the time factor would still remain unpredictable.
Resistance stays at 4626. support is near 4495.55.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4613.55.
Lower band -> 4036.60.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4509.50.
As mentioned in previous posts NIFTY has tested 4534 levels on Friday. There are no further technical points to be tested in the upperside as per our analysis. But upper band might provide some hope, although it doesnot ensure upside. Expect markets to have a good plunge today. World market jitters are expected to affect our markets too.
NIFTY likely to test a low below 4440. However, the time factor would still remain unpredictable.
Resistance stays at 4626. support is near 4495.55.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4613.55.
Lower band -> 4036.60.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Friday, September 07, 2007
Sep 7, 2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4518.60. Sensex Closes at 15616.30.
NIFTY is consolidating for the past few days and it is likely to test 4530 levels, which is inevitable and it is consistently being mentioned here, for the past few weeks that an intraday high above 4534 would be tested.
NIFTY likely to test 4440. However, the time factor would still remain unpredictable. Most of these technical levels would be tested. But some trigger or news driven factors would lead to these levels.
Resistance stays at 4626. support is near 4398.10.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4605.90.
Lower band -> 4039.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4518.60. Sensex Closes at 15616.30.
NIFTY is consolidating for the past few days and it is likely to test 4530 levels, which is inevitable and it is consistently being mentioned here, for the past few weeks that an intraday high above 4534 would be tested.
NIFTY likely to test 4440. However, the time factor would still remain unpredictable. Most of these technical levels would be tested. But some trigger or news driven factors would lead to these levels.
Resistance stays at 4626. support is near 4398.10.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4605.90.
Lower band -> 4039.70.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
Wednesday, September 05, 2007
Monday, September 03, 2007
Sep 3, 2007
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4464.
Chart patterns and other data like PCR OI indicates possible upside for NIFTY. However, if Asian markets or other world markets react negatively, it might have some impact. Otherwise, NIFTY could march upward to test the intraday high above 4534, which we have been mentioning consistently that it would be tested. It need not happen today itself.
Sharp volatality in the market could be expected.Resistance stays at 4626. support is near 4398.10.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4539.40.
Lower band -> 4419.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY closes at 4464.
Chart patterns and other data like PCR OI indicates possible upside for NIFTY. However, if Asian markets or other world markets react negatively, it might have some impact. Otherwise, NIFTY could march upward to test the intraday high above 4534, which we have been mentioning consistently that it would be tested. It need not happen today itself.
Sharp volatality in the market could be expected.Resistance stays at 4626. support is near 4398.10.
Liquidity would be the dictating factor in the days to come. It is consistently mentioned about the possible lows in this page - "possible lows below 4145, 3985 and 3800 are inevitable." As per our view NIFTY has tested 4145. Expect the rest of the lows to be tested in some future date. The time frame for it to take place is unpredictable.
Upper band -> 4539.40.
Lower band -> 4419.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
NONE