Jan 31,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
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NIFTY Closes at 5167.60. SENSEX Closes at 17,758.64.
US Fed rate cut,Liquid cash flow from Reliance Power IPO excess, along with Pre-budget expectations, likely to drive the markets up in medium term.
In medium term volatality could be expected. Being the settlement day, market stays unpredictable.
Yesterday's low might be tested.
A close above 5380 levels could be expected in medium term.
NIFTY & Sensex tested the rock bottom, likely lower levels for FY 09, as per fundamental analysis on Jan 22. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier, NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained at least till 6250. A close near 5700 in medium term is imminent.
Upper Band -> 6764.59.
Lower Band -> 4770
Note: These views do not have any relevance to NIFTY futures.
Thursday, January 31, 2008
Friday, January 25, 2008
Jan 25,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5033.45. SENSEX Closes at 17,221.74.
Yesterday's fall would help NIFTY to get good chart pattern. It is a wait and watch.
Watch today's trend. A close above wednesday's close(5203.4) would be convincing for the next leg of rally.
"A high above 5340 is inevitable". This is a quote from yesterday's post. NIFTY tested this level as expected.
NIFTY & Sensex tested the rock bottom, likely lower levels for FY 09, as per fundamental analysis on Jan 22. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained atleast till 6250. A close near Friday's close near 5700 in medium term is imminent.
Fed cut likely to bring more inflows into Indian markets, which might have positive impact in medium to long term.
Upper Band -> 6812.98
Lower Band -> 5039.65
Note: These views do not have any relevance to NIFTY futures.
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5033.45. SENSEX Closes at 17,221.74.
Yesterday's fall would help NIFTY to get good chart pattern. It is a wait and watch.
Watch today's trend. A close above wednesday's close(5203.4) would be convincing for the next leg of rally.
"A high above 5340 is inevitable". This is a quote from yesterday's post. NIFTY tested this level as expected.
NIFTY & Sensex tested the rock bottom, likely lower levels for FY 09, as per fundamental analysis on Jan 22. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained atleast till 6250. A close near Friday's close near 5700 in medium term is imminent.
Fed cut likely to bring more inflows into Indian markets, which might have positive impact in medium to long term.
Upper Band -> 6812.98
Lower Band -> 5039.65
Note: These views do not have any relevance to NIFTY futures.
Thursday, January 24, 2008
Jan 24,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5203.4. SENSEX Closes at 17,594.07.
NIFTY bounced back as per our expectations.
A high above 5340 is inevitable in short to medium term.
NIFTY & Sensex tested the rock bottom, likely lower levels for FY 09, as per fundamental analysis on Jan 22. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained atleast till 6250. A close near Friday's close near 5700 in medium term is imminent.
Fed cut likely to bring more inflows into Indian markets, which might have positive impact in medium to long term.
Upper Band -> 6763.52
Lower Band -> 5187.89
Note: These views do not have any relevance to NIFTY futures.
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5203.4. SENSEX Closes at 17,594.07.
NIFTY bounced back as per our expectations.
A high above 5340 is inevitable in short to medium term.
NIFTY & Sensex tested the rock bottom, likely lower levels for FY 09, as per fundamental analysis on Jan 22. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained atleast till 6250. A close near Friday's close near 5700 in medium term is imminent.
Fed cut likely to bring more inflows into Indian markets, which might have positive impact in medium to long term.
Upper Band -> 6763.52
Lower Band -> 5187.89
Note: These views do not have any relevance to NIFTY futures.
Wednesday, January 23, 2008
Jan 23,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4899.3. SENSEX Closes at 16,729.94.
"NIFTY is likely to test a low below 4453 in long term." This is the quote from previous posts. It has been consistently maintained that these levels would be tested. Alas! NIFTY tested these levels yesterday.
Although 200 day SMA(4894.14) was tested intraday, NIFTY has closed just above that.This is the prime aspect in technical parlance.Provided the global cues, NIFTY is likely to bounce back with big bang.
NIFTY & Sensex tested the rock bottoms, likely lower levels for FY 09, as per fundamental analysis, yesterday. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained atleast till 6250. A close near Friday's close near 5700 in medium term is imminent.
Upper Band -> 6716.90
Lower Band -> 5308.97
Note: These views do not have any relevance to NIFTY futures.
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 4899.3. SENSEX Closes at 16,729.94.
"NIFTY is likely to test a low below 4453 in long term." This is the quote from previous posts. It has been consistently maintained that these levels would be tested. Alas! NIFTY tested these levels yesterday.
Although 200 day SMA(4894.14) was tested intraday, NIFTY has closed just above that.This is the prime aspect in technical parlance.Provided the global cues, NIFTY is likely to bounce back with big bang.
NIFTY & Sensex tested the rock bottoms, likely lower levels for FY 09, as per fundamental analysis, yesterday. They are the bottom levels to be utilised for long term buying.
As we mentioned earlier NIFTY is likely to test 6260 and 6345 levels. So, there is no need for any panic. Patience should be maintained atleast till 6250. A close near Friday's close near 5700 in medium term is imminent.
Upper Band -> 6716.90
Lower Band -> 5308.97
Note: These views do not have any relevance to NIFTY futures.
Tuesday, January 22, 2008
Jan 22,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5708.8. SENSEX Closes at 17,605.35.
"It is to be watched today, to exactly know, whether it would bounce back or plunge into a corrective mode." This is the quote from yesterday's post. Unexpectedly markets corrected steeply.
NIFTY found support exactly near the retracement support yesterday. If the retracement point 4955.8 remains unbroken, we could expect a bounce back from these levels.
Long term investors and people sitting with cash in their hands should utilise this opportunity to take delivery in Equity markets. Buy in every dip is our recommendation. Market is sure to bounce back in medium term.
In the upper side, we have got technical confirmation for testing friday's close(5705), 6260 levels and 6347 levels. So, people with money and patience should either buy or hold their portfolio intact or make changes in portfolio.
NIFTY's next crucial support stays at 200 day sma - 4888.86. Let us hope, this level is not broken or this level is tested and a bounce back from this levels.
NIFTY has finally closed below lower band. Although, this is the crucial point, buying should be done at every dip from these levels, as we've got a confirmation for 6345 levels being tested again.
Upper band -> 6556.73.
Lower band -> 5551.73.
Note: These views do not have any relevance to NIFTY futures.
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5708.8. SENSEX Closes at 17,605.35.
"It is to be watched today, to exactly know, whether it would bounce back or plunge into a corrective mode." This is the quote from yesterday's post. Unexpectedly markets corrected steeply.
NIFTY found support exactly near the retracement support yesterday. If the retracement point 4955.8 remains unbroken, we could expect a bounce back from these levels.
Long term investors and people sitting with cash in their hands should utilise this opportunity to take delivery in Equity markets. Buy in every dip is our recommendation. Market is sure to bounce back in medium term.
In the upper side, we have got technical confirmation for testing friday's close(5705), 6260 levels and 6347 levels. So, people with money and patience should either buy or hold their portfolio intact or make changes in portfolio.
NIFTY's next crucial support stays at 200 day sma - 4888.86. Let us hope, this level is not broken or this level is tested and a bounce back from this levels.
NIFTY has finally closed below lower band. Although, this is the crucial point, buying should be done at every dip from these levels, as we've got a confirmation for 6345 levels being tested again.
Upper band -> 6556.73.
Lower band -> 5551.73.
Note: These views do not have any relevance to NIFTY futures.
Monday, January 21, 2008
Jan 21,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5705.3. SENSEX Closes at 19,013.70.
NIFTY has finally closed below lower band. Although, this is the crucial point, buying should be done at every dip from these levels, as we've got a confirmation for 6345 levels being tested again.
Negative signals - NIFTY consistently closed below medium term sma for three days.
NIFTY is likely to test Friday's low. It is inevitable but the time taken for it to test that levels is unpredictable.
It is to be watched today, to exactly know, whether it would bounce back or plunge into a corrective mode.
NIFTY is likely to test 6345 levels within March. So, the plunge we're witnessing is a short term bias.
Next support level stays at 5587.31. Next resistance level stays at 5935.55.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
IT sector may be a surprise participant in the next leg of rally.
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 -> 6433.78.
Lower band -> 5726.32.
Note: These views do not have any relevance to NIFTY futures.
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5705.3. SENSEX Closes at 19,013.70.
NIFTY has finally closed below lower band. Although, this is the crucial point, buying should be done at every dip from these levels, as we've got a confirmation for 6345 levels being tested again.
Negative signals - NIFTY consistently closed below medium term sma for three days.
NIFTY is likely to test Friday's low. It is inevitable but the time taken for it to test that levels is unpredictable.
It is to be watched today, to exactly know, whether it would bounce back or plunge into a corrective mode.
NIFTY is likely to test 6345 levels within March. So, the plunge we're witnessing is a short term bias.
Next support level stays at 5587.31. Next resistance level stays at 5935.55.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
IT sector may be a surprise participant in the next leg of rally.
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 -> 6433.78.
Lower band -> 5726.32.
Note: These views do not have any relevance to NIFTY futures.
Thursday, January 17, 2008
Jan 17,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 5935.75. SENSEX Closes at 19,868.11.
"An intraday low below 6022 is inevitable." This is a quote from previous post. These levels were tested yesterday.
NIFTY traded below short term SMA for three days, which triggered the fall. However, a consolation is NIFTY closing above 50 day sma,although it tested it. There is a possible bounce back from these levels, provided a good buying support and global cues.
NIFTY is likely to test 6345 levels within March. So, the plunge we're witnessing is a short term bias.
Next support level stays at 5769.55. If there is further downward trend, then NIFTY would test the lower band 5711.25.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
IT sector may be a surprise participant in the next leg of rally.
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 -> 6439.42189.
Lower band -> 5711.25.
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 5935.75. SENSEX Closes at 19,868.11.
"An intraday low below 6022 is inevitable." This is a quote from previous post. These levels were tested yesterday.
NIFTY traded below short term SMA for three days, which triggered the fall. However, a consolation is NIFTY closing above 50 day sma,although it tested it. There is a possible bounce back from these levels, provided a good buying support and global cues.
NIFTY is likely to test 6345 levels within March. So, the plunge we're witnessing is a short term bias.
Next support level stays at 5769.55. If there is further downward trend, then NIFTY would test the lower band 5711.25.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
IT sector may be a surprise participant in the next leg of rally.
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 -> 6439.42189.
Lower band -> 5711.25.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Monday, January 14, 2008
Jan 14,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6200.10. SENSEX Closes at 20,827.45.
NIFTY has closed below short term moving average for the past two days. It has to close above Short term SMA, if the upward momentum has to continue.
NIFTY is likely to test 6345 levels within march. So, the plunge we're witnessing is a short term bias.
An intraday low below 6022 is inevitable. But the time factor is unpredictable.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
IT sector may be a surprise participant in the next leg of rally.
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 -> 6433.70.
Lower band -> 5721.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6200.10. SENSEX Closes at 20,827.45.
NIFTY has closed below short term moving average for the past two days. It has to close above Short term SMA, if the upward momentum has to continue.
NIFTY is likely to test 6345 levels within march. So, the plunge we're witnessing is a short term bias.
An intraday low below 6022 is inevitable. But the time factor is unpredictable.
As mentioned in previous posts, NIFTY is likely to test a low below 4446 and 4453 in long term.
IT sector may be a surprise participant in the next leg of rally.
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 -> 6433.70.
Lower band -> 5721.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Thursday, January 10, 2008
Monday, January 07, 2008
Jan 7,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6274.30. SENSEX Closes at 20,300.71.
"NIFTY is likely to test 6200 levels in short to medium test." This is a quote from previous post, last week. As mentioned NIFTY has tested 6200 levels. Still we expect it to close or test upper band, which is yet to happen. Have a close watch on upper band.
An intraday low below 6022 is inevitable. But the time factor is unpredictable.
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 -> 6324.
Lower band -> 5710.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6274.30. SENSEX Closes at 20,300.71.
"NIFTY is likely to test 6200 levels in short to medium test." This is a quote from previous post, last week. As mentioned NIFTY has tested 6200 levels. Still we expect it to close or test upper band, which is yet to happen. Have a close watch on upper band.
An intraday low below 6022 is inevitable. But the time factor is unpredictable.
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 -> 6324.
Lower band -> 5710.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Wednesday, January 02, 2008
Jan 2,2008
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NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6144.35. SENSEX Closes at 20,300.71.
NIFTY waits for some trigger to break out and test previous high closing and move up to test upper band. Although indecisiveness is signalled NIFTY is likely to test 6200 levels in short to medium test.
An intraday high above 6167 is inevitable. Similarly an intraday low below 6022 is inevitable. But the time factor is unpredictable.
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 -> 6247.
Lower band -> 5678.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6144.35. SENSEX Closes at 20,300.71.
NIFTY waits for some trigger to break out and test previous high closing and move up to test upper band. Although indecisiveness is signalled NIFTY is likely to test 6200 levels in short to medium test.
An intraday high above 6167 is inevitable. Similarly an intraday low below 6022 is inevitable. But the time factor is unpredictable.
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 -> 6247.
Lower band -> 5678.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
Tuesday, January 01, 2008
Jan 1,2008
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6138.60. SENSEX Closes at 20,286.99.
NIFTY seems to have set a trend to move up. We could expect it to hit the upper band. An intraday high above 6167 is inevitable. Similarly an intraday low below 6022 is inevitable. But the time factor is unpredictable.
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 -> 6243.85.
Lower band -> 5632.85.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
NIFTY Closes at 6138.60. SENSEX Closes at 20,286.99.
NIFTY seems to have set a trend to move up. We could expect it to hit the upper band. An intraday high above 6167 is inevitable. Similarly an intraday low below 6022 is inevitable. But the time factor is unpredictable.
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 -> 6243.85.
Lower band -> 5632.85.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
===============