DEC 23,2007
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Closes at 5766.50.
Although NIFTY is yet to set a trend and remains trendless, it seems to have bottomed out. So, a pullback can even be expected from this level.
NIFTY stays at a crucial break out level. If NIFTY pulls back from this level, it may not be surprising. However, this is the settlement week, which signifies volatality. Any influence of world markets cannot be ruled out. So, either way breakout is not ruled out.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6050.70.
Lower band -> 5507.60.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Friday, November 23, 2007
Thursday, November 22, 2007
NOV.21,2007
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Closes at 5561.05.
Sorry, we couldn't post for few days and there was no clear cut trend emerging in the past few days.
But NIFTY has confirmed a trend yesterday and a close below yesterday's close appears inevitable. Chart pattern suggests bearish trend.
However, there is a technical confirmation for the recent high of 5981.8 getting tested.
NIFTY is near lower band, which is likely to be tested. A close below lower band in near to medium term could be expected. So, have a close watch on lower band regularly.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5380. It stays unbroken. Resistance is at 5820.10.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6054.15.
Lower band -> 5501.90.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5561.05.
Sorry, we couldn't post for few days and there was no clear cut trend emerging in the past few days.
But NIFTY has confirmed a trend yesterday and a close below yesterday's close appears inevitable. Chart pattern suggests bearish trend.
However, there is a technical confirmation for the recent high of 5981.8 getting tested.
NIFTY is near lower band, which is likely to be tested. A close below lower band in near to medium term could be expected. So, have a close watch on lower band regularly.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5380. It stays unbroken. Resistance is at 5820.10.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6054.15.
Lower band -> 5501.90.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Monday, November 12, 2007
NOV.12,2007
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Closes at 5663.25. Sensex Closes at 18,907.60.
NIFTY is in crucial stage. It tested medium term sma intraday. However, closing is above sma. Wait and watch for the trend confirmation.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5380.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6093.
Lower band -> 5200.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5663.25. Sensex Closes at 18,907.60.
NIFTY is in crucial stage. It tested medium term sma intraday. However, closing is above sma. Wait and watch for the trend confirmation.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5380.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6093.
Lower band -> 5200.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Friday, November 02, 2007
NOV.2,2007
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Closes at 5866.45. Sensex Closes at 19724.35.
NIFTY is moving on expected lines. It is consolidating.
NIFTY is likely to test 5816 in short to medium term. NIFTY futures tested this levels yesterday. Watch spot NIFTY testing this levels. However, the time taken to test it might not be predictable.
It is the time for consolidation or stay indecisive, since the volatality levels were high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.
This time domestic money's contribution to this upmove is very significant. So, stay cautious.
As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5644.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6016.15.
Lower band -> 4977.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5866.45. Sensex Closes at 19724.35.
NIFTY is moving on expected lines. It is consolidating.
NIFTY is likely to test 5816 in short to medium term. NIFTY futures tested this levels yesterday. Watch spot NIFTY testing this levels. However, the time taken to test it might not be predictable.
It is the time for consolidation or stay indecisive, since the volatality levels were high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.
This time domestic money's contribution to this upmove is very significant. So, stay cautious.
As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5644.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 6016.15.
Lower band -> 4977.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Thursday, November 01, 2007
NOV.1,2007
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Closes at 5900.65. Sensex Closes at 19837.99.
NIFTY is moving on expected lines. It is consolidating.
US Fed rate cuts likely to have little impact for shorter duration, an upside around 1-2% to the maximum could be expected. It might not have major impact.
NIFTY is likely to test 5816 in short to medium term.
It is the time for consolidation or stay indecisive, since the volatality levels are high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.
This time domestic money's contribution to this upmove is very significant. So, stay cautious.
As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5644.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 5972.45
Lower band -> 4977.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5900.65. Sensex Closes at 19837.99.
NIFTY is moving on expected lines. It is consolidating.
US Fed rate cuts likely to have little impact for shorter duration, an upside around 1-2% to the maximum could be expected. It might not have major impact.
NIFTY is likely to test 5816 in short to medium term.
It is the time for consolidation or stay indecisive, since the volatality levels are high and the market is in overbought position. It is time for another corrective wave to take place, if the markets move up further. So, profits could be booked systematically, if the markets move up.
This time domestic money's contribution to this upmove is very significant. So, stay cautious.
As mentioned in previous post, NIFTY is likely to test a low below 4446 and 4453 in medium to long term.
Support is at 5644.
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, Pharma, SMEs supplying raw materials, SEZs, etc., which have a major contribution in Indian Growth story, might not have encouraging growth and end up in economic slowdown. If IT industry gets affected, spending could deplete 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 -> 5972.45
Lower band -> 4977.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============