June 27,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4315.85. BSE SENSEX Closes at 14,421.82.
NIFTY had a good session yesterday and the charts signals trend reversal pattern.
Yesterday's chart ensures at least 4365 level in NIFTY. But technical analysis need not always work well in this chaotic market situation. World markets and local sensitive news could wrong the technical patterns. Success rate for technical analysis is weak in the present scenario.
4535, 4470, 4680, 5060, 5305 and 6250 are the major levels to be tested on the upper side, similarly.
4400 to 4435 is the first resistance level to be broken.
People who are averse to risk taking are advised not to venture into this market at least for next 45 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Friday, June 27, 2008
Thursday, June 26, 2008
June 26,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4191.1. BSE SENSEX Closes at 14,106.58.
4100 is the level we've been mentioning consistently that it would be tested. NIFTY did test this level as per the expectation and bounced back from this level.
4535, 4470, 4680, 5060, 5305 and 6250 are the major levels to be tested on the upper side, similarly.
4400 to 4435 is the first resistance level to be broken.
People who are averse to risk taking are advised not to venture into this market at least for next 46 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4191.1. BSE SENSEX Closes at 14,106.58.
4100 is the level we've been mentioning consistently that it would be tested. NIFTY did test this level as per the expectation and bounced back from this level.
4535, 4470, 4680, 5060, 5305 and 6250 are the major levels to be tested on the upper side, similarly.
4400 to 4435 is the first resistance level to be broken.
People who are averse to risk taking are advised not to venture into this market at least for next 46 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Wednesday, June 25, 2008
June 25,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4191.1. BSE SENSEX Closes at 14,106.58.
Bears have complete control over the market and their onslaught continues. 4100 could be tested soon.
People who are averse to risk taking are advised not to venture into this market at least for next 47 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4191.1. BSE SENSEX Closes at 14,106.58.
Bears have complete control over the market and their onslaught continues. 4100 could be tested soon.
People who are averse to risk taking are advised not to venture into this market at least for next 47 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Tuesday, June 24, 2008
June 24,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4266.40. BSE SENSEX Closes at 14,293.32.
This is a best technical level for technical retracement. If yesterday's low is maintained and NIFTY moves up with momentum, yesterday's low would serve as the bottom for ever. But fundamentals should support it. Else atleast 4100 levels would be tested.
People who are averse to risk taking are advised not to venture into this market at least for next 48 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4266.40. BSE SENSEX Closes at 14,293.32.
This is a best technical level for technical retracement. If yesterday's low is maintained and NIFTY moves up with momentum, yesterday's low would serve as the bottom for ever. But fundamentals should support it. Else atleast 4100 levels would be tested.
People who are averse to risk taking are advised not to venture into this market at least for next 48 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Monday, June 23, 2008
June 23,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4347.55. BSE SENSEX Closes at 14571.29.
"People who are averse to risk taking are advised not to venture into this market at least for next 50 days. High volatility would be a dampener to people who trade without discipline." This is the first comment in our previous post. We still maintain our recommendation.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We are mentioning this level for past few weeks - 4300 to 4250 level is hard to break support level. If it breaks, in the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4347.55. BSE SENSEX Closes at 14571.29.
"People who are averse to risk taking are advised not to venture into this market at least for next 50 days. High volatility would be a dampener to people who trade without discipline." This is the first comment in our previous post. We still maintain our recommendation.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technical in the present market scenario. So trade cautiously.
We are mentioning this level for past few weeks - 4300 to 4250 level is hard to break support level. If it breaks, in the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Friday, June 20, 2008
June 20,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4504.25. BSE SENSEX Closes at 15,087.99.
People who are averse to risk taking are advised not to venture into this market at least for next 50 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technicals in the present market scenario. So trade cautiously.
We are mentioning this level for past few weeks - NIFTY might test 4471 level in case of any dip. This level would be tested shortly. 4300 to 4250 level is hard to break support level. If it breaks, in the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4504.25. BSE SENSEX Closes at 15,087.99.
People who are averse to risk taking are advised not to venture into this market at least for next 50 days. High volatility would be a dampener to people who trade without discipline.
Long term investors could find opportunity to pick their stocks at bottom levels. NIFTY or Sensex doesn't have any leadership quality or uniqueness. Most of the times they react to the international markets rather than corporate fundamentals.
We reiterate our view - World markets, politics and macro economic factors have more influence than the technicals in the present market scenario. So trade cautiously.
We are mentioning this level for past few weeks - NIFTY might test 4471 level in case of any dip. This level would be tested shortly. 4300 to 4250 level is hard to break support level. If it breaks, in the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 + (Medium to Long term view).
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
No significant Support levels left.
Resistance levels stay near 4610, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Thursday, June 19, 2008
June 19,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4653. BSE SENSEX Closes at 15,696.90.
NIFTY moved near 4680 as expected. But the absence of positive momentum helped it correct in the later part of the day. European markets fueled the fall.
Provided a good momentum, NIFTY might test 4740 to 4750 level. It is the level at which profit booking could be resorted. We reiterate our view - World markets and macro economic factors have more influence than the technicals in the present market scenario. So trade cautiously.
NIFTY might test 4471 level in case of any dip (Short to medium term). 4300 to 4250 level is hard to break support level. If it breaks, in the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Support level 4527.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4653. BSE SENSEX Closes at 15,696.90.
NIFTY moved near 4680 as expected. But the absence of positive momentum helped it correct in the later part of the day. European markets fueled the fall.
Provided a good momentum, NIFTY might test 4740 to 4750 level. It is the level at which profit booking could be resorted. We reiterate our view - World markets and macro economic factors have more influence than the technicals in the present market scenario. So trade cautiously.
NIFTY might test 4471 level in case of any dip (Short to medium term). 4300 to 4250 level is hard to break support level. If it breaks, in the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them systematically up to 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Support level 4527.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Wednesday, June 18, 2008
June 18,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4653. BSE SENSEX Closes at 15,696.90.
"If there is a good momentum, NIFTY could test the resistance zone at 4660 to 4680 in short term" - A quote from yesterday's post. NIFTY tested a high of 4664.05 yesterday. So, 4680 levels would be tested sooner or later.
Provided further momentum, NIFTY might test 4740 to 4750 level. It is the level at which profit booking could be resorted. World markets and macro economic factors have more influence than the technicals in the present market scenario. so trade cautiously.
NIFTY might test 4471 level in case of any dip. In the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Support level 4527.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4653. BSE SENSEX Closes at 15,696.90.
"If there is a good momentum, NIFTY could test the resistance zone at 4660 to 4680 in short term" - A quote from yesterday's post. NIFTY tested a high of 4664.05 yesterday. So, 4680 levels would be tested sooner or later.
Provided further momentum, NIFTY might test 4740 to 4750 level. It is the level at which profit booking could be resorted. World markets and macro economic factors have more influence than the technicals in the present market scenario. so trade cautiously.
NIFTY might test 4471 level in case of any dip. In the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Support level 4527.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Tuesday, June 17, 2008
June 17,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4572.50. BSE SENSEX Closes at 15,395.82.
NIFTY moved up with vigor as mentioned yesterday. However, it cooled little bit at the end of the trading session. If there is a good momentum, NIFTY could test the resistance zone at 4660 to 4680 in short term. But world markets and macro economic factors have more influence than the technicals in the present market scenario.
A high above 4739.3 is inevitable in short to medium term.
NIFTY might test 4471 level in case of any dip. In the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Support level 4527.
Resistance levels stay near 4663, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4572.50. BSE SENSEX Closes at 15,395.82.
NIFTY moved up with vigor as mentioned yesterday. However, it cooled little bit at the end of the trading session. If there is a good momentum, NIFTY could test the resistance zone at 4660 to 4680 in short term. But world markets and macro economic factors have more influence than the technicals in the present market scenario.
A high above 4739.3 is inevitable in short to medium term.
NIFTY might test 4471 level in case of any dip. In the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Support level 4527.
Resistance levels stay near 4663, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Friday, June 13, 2008
June 16,2008
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4517.10. BSE SENSEX Closes at 15,189.62.
After many many sessions,NIFTY charts provide some clues for trend reversal. Provided the good momentum, NIFTY might move up with vigour.
NIFTY might test 4471 level in case of any dip. In the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
A high above 4739.3 is inevitable in short to medium term.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Resistance levels stay near 4663, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein, Theoretical Physicist
------------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4517.10. BSE SENSEX Closes at 15,189.62.
After many many sessions,NIFTY charts provide some clues for trend reversal. Provided the good momentum, NIFTY might move up with vigour.
NIFTY might test 4471 level in case of any dip. In the extreme scenario of bearish onslaught,NIFTY could even test 4100 levels - Medium term outlook.
A high above 4739.3 is inevitable in short to medium term.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Buy Ranbaxy in dips. Technical confirmation - Will test Rs.700 +. Time frame - unknown. But it is better to strike, when the iron is hot. This is a long term call.
Liberalization of ECB norms and upside revision of FII limits in Bond market - likely to have a positive impact on Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Resistance levels stay near 4663, 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
An interesting quote:
In the middle of difficulty lies opportunity
-- Albert Einstein, Theoretical Physicist
Tuesday, June 10, 2008
Monday, June 09, 2008
Friday, June 06, 2008
June 6,2008
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4676.95. BSE SENSEX Closes at 15,769.72.
Nothing significant has happened. Yesterday's rally was just a pullback because of too many shorts built up. Market is oversold. So, the market had a small rally yesterday. Atleast a high above 4739.3 is required for further upward momentum. Still January low (4430 to 4500 level) stays as the only support level left.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4676.95. BSE SENSEX Closes at 15,769.72.
Nothing significant has happened. Yesterday's rally was just a pullback because of too many shorts built up. Market is oversold. So, the market had a small rally yesterday. Atleast a high above 4739.3 is required for further upward momentum. Still January low (4430 to 4500 level) stays as the only support level left.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Satyam 540 target - acheived
Thursday, June 05, 2008
June 4,2008
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4585.60. BSE SENSEX Closes at 15,514.79.
Alas NIFTY breaches 4600 support level. January low stay as the only support level left. Market is in a panic mode. Fear of inflation and bearish chart patterns helped the market to plunge steeply.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan from this level would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4585.60. BSE SENSEX Closes at 15,514.79.
Alas NIFTY breaches 4600 support level. January low stay as the only support level left. Market is in a panic mode. Fear of inflation and bearish chart patterns helped the market to plunge steeply.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan from this level would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
Resistance levels stay near 4787, 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Tuesday, June 03, 2008
June 3,2008
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4739.60. BSE SENSEX Closes at 16,063.18.
"A high above 4957.4 or a low below 4801.90 is likely to be technical trigger for a new trend." "a low below 4720 could be expected if there is a deep correction."
These are the quotes from previous post. NIFTY has proved the same yesterday.
540 is the mentioned target for SATYAM computers. Satyam computers breached this target yesterday.
Next support levels for NIFTY stays near 4600-4630 level. This is a strong support level. Below this January low would act as the next support level.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan from this level would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
NIFTY might test 5300+ levels within 9 trading sessions, if there is a good momentum.
4610 to 4630 act as support levels.
Resistance levels stay near 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Charts of international gold looks good. Gold might test $980 - $1000 per troy ounce in medium to long term.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4739.60. BSE SENSEX Closes at 16,063.18.
"A high above 4957.4 or a low below 4801.90 is likely to be technical trigger for a new trend." "a low below 4720 could be expected if there is a deep correction."
These are the quotes from previous post. NIFTY has proved the same yesterday.
540 is the mentioned target for SATYAM computers. Satyam computers breached this target yesterday.
Next support levels for NIFTY stays near 4600-4630 level. This is a strong support level. Below this January low would act as the next support level.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan from this level would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
NIFTY might test 5300+ levels within 9 trading sessions, if there is a good momentum.
4610 to 4630 act as support levels.
Resistance levels stay near 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Charts of international gold looks good. Gold might test $980 - $1000 per troy ounce in medium to long term.
Stocks to Watch
---------------
RELIANCE, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
Monday, June 02, 2008
June 2,2008
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4870.10. BSE SENSEX Closes at 16,415.57.
Market is yet to set a clear trend. It seems markets are waiting for a trigger to set a new trend. Petro prices seem to be the trigger awaited but it has been postponed for another week.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
A high above 4957.4 or a low below 4801.90 is likely to be technical trigger for a new trend. Wait and watch until anything happens.
Avoid fresh longs - short term traders. Else - strict stop loss.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan from this level would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
NIFTY might test 5300+ levels within 9 trading sessions, if there is a good momentum.
Similarly, a low below 4720 could be expected if there is a deep correction.
Strength in the charts convince that Indian equity market is still in long term bullish zone. Although, possible corrections are not denied, new bottom below January lows are ruled out.
4610 to 4630 act as support levels.
Resistance levels stay near 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Charts of international gold looks good. Gold might test $980 - $1000 per troy ounce in medium to long term.
Stocks to Watch
---------------
RELIANCE, SATYAM, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
SATYAM COMPUTERS- Rs.540
-----------
NIFTY OUTLOOK - TECHNICAL ANALYSIS
__________________________________
S&P NSE NIFTY Closes at 4870.10. BSE SENSEX Closes at 16,415.57.
Market is yet to set a clear trend. It seems markets are waiting for a trigger to set a new trend. Petro prices seem to be the trigger awaited but it has been postponed for another week.
Liberalization of ECB norms and Bond market upside revision of limits likely to have a positive impact for Indian markets in medium to long term. This is a fundamental perspective. How far will it have an impact in the present scenario is still a secret.
These measures would improve the Forex inflows, which would help rupee to appreciate, naturally encouraging FIIs to put their money in Indian markets. However, it would affect exporters and IT sector in medium to long term. This is a short sighted measure to improve economy and control inflation.
A high above 4957.4 or a low below 4801.90 is likely to be technical trigger for a new trend. Wait and watch until anything happens.
Avoid fresh longs - short term traders. Else - strict stop loss.
We reiterate our previous view. NIFTY is likely to test 5060 levels in medium term. So, a systematic investment plan from this level would yield good returns for positional traders. Buy in all dips. Sell them all at 5060.
NIFTY might test 5300+ levels within 9 trading sessions, if there is a good momentum.
Similarly, a low below 4720 could be expected if there is a deep correction.
Strength in the charts convince that Indian equity market is still in long term bullish zone. Although, possible corrections are not denied, new bottom below January lows are ruled out.
4610 to 4630 act as support levels.
Resistance levels stay near 4982 and 5210.
NIFTY is sure to test 6260 and 6345 levels in 6 to 12 months period. So, there is no need to panic. Advise to Long term investors - Patience should be maintained at least until 6250 is tested.
Note: These views do not have any relevance to NIFTY futures.
Charts of international gold looks good. Gold might test $980 - $1000 per troy ounce in medium to long term.
Stocks to Watch
---------------
RELIANCE, SATYAM, Infosys and TCS have confirmed targets in their chart patterns.
Medium to Long term technical target
INFOSYS - Rs.2290
TCS - Rs.1160
RELIANCE - Rs.2800 to Rs.3000 level
SATYAM COMPUTERS- Rs.540