Friday, July 31, 2009
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 31st JULY 2009
NF TRADING IN A NARROW RANGE OF 4638 - 4666 SHOULD HOLD ABOVE 4663 TO HIT THE UPHELD TARGET OF 4699 OR A BREAK BELOW 4637 NEEDED TO HIT 4615 - 4590. HARI OM
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 31st JULY 2009
4615 IS THE "DOUBLE TOP" ON THE DAILY CHART OF "AUG FUTURES" EVEN IF NIFTY FUTURES CORRECTS WE WANT A CLOSE ABOVE THE 4615 ZONE. BREACH OF 4615 ON A CLOSING BASIS WILL BE A SIGN OF WEAKNESS
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 31st JULY 2009
TILL WE DO NOT SEE NIFTY FUTURES TRADE ABOVE 4663 WITH BUY VOLUMES, BULLS WILL REMAIN WEAK & 4638 CAN BE BREACHED UPTREND INTACT TILL 4638 REMAINS INTACT
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 31st JULY 2009
4638 STILL ACTS A CRUCIAL SUPPORT ON THE DOWNSIDE. THE "SUPPORT" OF 4663 IS CRACKED, THEREFORE THE SAME REGION OF 4663 WILL ACT AS A "MAJOR RESISTANCE."
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 31st JULY 2009
LAST TARGET OF NIFTY FUTURES MENTIONED FOR TODAYS INTRADAY WAS 4638. ""DAY OPEN AND DAY LOW"" IS 4631 NOW IMMEDIATE RESISTANCE PEGGED AT 4676 - 4685 - 4699. IMMEDIATE SUPPORT PEGGED AT 4650 - 4638 MAXIMUM UPSIDE IS 4699.
Morning update on markets on 31st july 09
Morning update
Last night dow finally closed up by 83 points at 9152.it went up to 9246 and most of the time remained far above the yearly high of 9175 finally giving up the gain during closing minutes to close below the 2009 highs. One should not be surprised to see sharp up moves in dow towards 10000 mark in coming days with small corrections in between. Similarly brazil too made a new yearly high by crossing june highs during intraday trading and finally closed 1.3% up. European markets which are now trading above the june highs, were up nearly 2% with uk ftse closing up by 1.9%. Asian markets which are already above their june highs have opened strongly and are likely to remain bullish for the day but what is more important is, how strong these markets are around indian opening at 9.55 a.m. One can see much more higher moves in asian markets in coming days.
For indian markets expect a bullish opening near or above the critical level of 4600 and sensex & nifty may try to move up towards june highs of 15600 & 4693.traders may trade long intraday, meaning wait for an intraday correction to go long as the possibility of breaching june highs are quite high in next 1 or 2 days. Future traders may wait for an intraday decline to take long positions in stock futures of metals, oil & gas production, cement, capital goods & power stocks for good gains during coming week.
Option traders should hold on to their 4600 bought calls & wait for intraday declines in the markets to add more. As markets move up towards june highs, they may buy put of 4400 to hedge the calls in the ratio of 3 calls to 1 put. Sensex & nifty managing to stay above 15000 & 4500 levels is a strong bullish signal for further up move during coming week. The only thing to be kept in mind on fridays trading is how much dow can surprise everyone by falling on friday night to impart a negative influence on monday morning.
Last night dow finally closed up by 83 points at 9152.it went up to 9246 and most of the time remained far above the yearly high of 9175 finally giving up the gain during closing minutes to close below the 2009 highs. One should not be surprised to see sharp up moves in dow towards 10000 mark in coming days with small corrections in between. Similarly brazil too made a new yearly high by crossing june highs during intraday trading and finally closed 1.3% up. European markets which are now trading above the june highs, were up nearly 2% with uk ftse closing up by 1.9%. Asian markets which are already above their june highs have opened strongly and are likely to remain bullish for the day but what is more important is, how strong these markets are around indian opening at 9.55 a.m. One can see much more higher moves in asian markets in coming days.
For indian markets expect a bullish opening near or above the critical level of 4600 and sensex & nifty may try to move up towards june highs of 15600 & 4693.traders may trade long intraday, meaning wait for an intraday correction to go long as the possibility of breaching june highs are quite high in next 1 or 2 days. Future traders may wait for an intraday decline to take long positions in stock futures of metals, oil & gas production, cement, capital goods & power stocks for good gains during coming week.
Option traders should hold on to their 4600 bought calls & wait for intraday declines in the markets to add more. As markets move up towards june highs, they may buy put of 4400 to hedge the calls in the ratio of 3 calls to 1 put. Sensex & nifty managing to stay above 15000 & 4500 levels is a strong bullish signal for further up move during coming week. The only thing to be kept in mind on fridays trading is how much dow can surprise everyone by falling on friday night to impart a negative influence on monday morning.
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 31st JULY 2009
FOR TODAYS INTRADAY, NIFTY "TREND DECIDER" IS 4565.
BULLS ACTIVE TILL 4565 INTACT.
ABOVE 4565 IMMEDIATE RESISTANCE PEGGED AT 4591.
""1st TREND REVERSAL"" IS AT 4591.
SUSTAINING ABOVE 4591 WILL TAKE NIFTY FUT TO 4615 - 4639.
"MAXIMUM" 4639 FOR TODAYS INTRADAY SESSION.
BELOW “TREND DECIDER” OF 4565 IMMEDIATE SUPPORT 4540 - 4527 - 4515.
""1st BOUNCE"" BACK IS 4515.
BELOW 4515 SUPPORT AT 4500 - 4482.
CRUCIAL SUPPORT 4482 IF 4482 CRACKS THEN SUPPORT AT 4467 - 4452.
2nd & ""LAST BOUNCE BACK"" REGION 4452.
IF 4452 CRACKS THEN LAST SUPP 4422
BULLS ACTIVE TILL 4565 INTACT.
ABOVE 4565 IMMEDIATE RESISTANCE PEGGED AT 4591.
""1st TREND REVERSAL"" IS AT 4591.
SUSTAINING ABOVE 4591 WILL TAKE NIFTY FUT TO 4615 - 4639.
"MAXIMUM" 4639 FOR TODAYS INTRADAY SESSION.
BELOW “TREND DECIDER” OF 4565 IMMEDIATE SUPPORT 4540 - 4527 - 4515.
""1st BOUNCE"" BACK IS 4515.
BELOW 4515 SUPPORT AT 4500 - 4482.
CRUCIAL SUPPORT 4482 IF 4482 CRACKS THEN SUPPORT AT 4467 - 4452.
2nd & ""LAST BOUNCE BACK"" REGION 4452.
IF 4452 CRACKS THEN LAST SUPP 4422
Thursday, July 30, 2009
Morning updates on Markets on 30th july
Markets for 30 july 09
So, every one had a feel of operators game plan. By the way it is not yet over & another bout of operators action is awaiting for expiry day when dow will be made to fall today with very low volumes that will spill over to asian markets tomorrow that will broadly influence the expiry day in indian markets. Although nifty finally closed only about 1% down, yet the the ferocious way by which the operators took it down for 30 minutes after liquidating entire july longs to enter august longs at lowest levels was quite remarkable. It is wiser for traders to avoid future trading for 1 more day and confine to option trading to protect oneself from bigger loss.
On wednesday, nifty failed to reach the highs of monday & tuesday but breached lows of last 4 days to close lower than the closings of last 4 days. Although technically this definitely is a bearish signal yet such indications are to be accepted with a pinch of salt during the days of expiry when no technical indication work rather these indicators work in a reverse pattern induced by operators to allure traders to trade to create artificial liquidity as per indications only to be trapped.
From tuesdays high of 4599.9,nifty on wednesday made a low of 4421 and bounced up almost 61.8% till 4527 and closed at 4514. Now on thursday in case nifty manages to decisively cross 4530 levels, then there is every possibility of a sharp up move towards 4575 levels above which 4600 will not be a barrier any more. If one has a look at the hourly chart above one will notice two things. Firstly, nifty is still within a perfect rectangular pattern with the base around 4433 levels which too also forms the neck line of the double h&s formation. If the neck line around 4433 is decisively breached another sharp fall much bigger than wednesdays fall towards 4250 can be expected.
Secondly, although technical analysis does not work on expiry day because the indicators after so many days of exposure during the month take a day or two of rest giving a free hand to the operators to do whatever they like for these 2 days, yet if one has a closer look at the important hourly indicator slow stochastic, one will observe a good +ve divergence when nifty made a new low but the indicator made the same low which nifty had made when it was at 4528 on monday. In addition to this, the indicator also has bounced up without entering the lower 20% zone as was the case on monday & tuesday. So barring operators action on expiry day, there is every possibility of nifty retesting 4600 levels and breaching it also. Interestingly the last end hour small candle in the hourly chart above is also entangled with the confluence of 8,13,21 & 34 emas. So a decisive breach on the down side of the candle at 4498 can see a sharp down move and a breach of up side at 4527 can see a sharp up move. Lets wait & see how operators behave on expiry day.
So, every one had a feel of operators game plan. By the way it is not yet over & another bout of operators action is awaiting for expiry day when dow will be made to fall today with very low volumes that will spill over to asian markets tomorrow that will broadly influence the expiry day in indian markets. Although nifty finally closed only about 1% down, yet the the ferocious way by which the operators took it down for 30 minutes after liquidating entire july longs to enter august longs at lowest levels was quite remarkable. It is wiser for traders to avoid future trading for 1 more day and confine to option trading to protect oneself from bigger loss.
On wednesday, nifty failed to reach the highs of monday & tuesday but breached lows of last 4 days to close lower than the closings of last 4 days. Although technically this definitely is a bearish signal yet such indications are to be accepted with a pinch of salt during the days of expiry when no technical indication work rather these indicators work in a reverse pattern induced by operators to allure traders to trade to create artificial liquidity as per indications only to be trapped.
From tuesdays high of 4599.9,nifty on wednesday made a low of 4421 and bounced up almost 61.8% till 4527 and closed at 4514. Now on thursday in case nifty manages to decisively cross 4530 levels, then there is every possibility of a sharp up move towards 4575 levels above which 4600 will not be a barrier any more. If one has a look at the hourly chart above one will notice two things. Firstly, nifty is still within a perfect rectangular pattern with the base around 4433 levels which too also forms the neck line of the double h&s formation. If the neck line around 4433 is decisively breached another sharp fall much bigger than wednesdays fall towards 4250 can be expected.
Secondly, although technical analysis does not work on expiry day because the indicators after so many days of exposure during the month take a day or two of rest giving a free hand to the operators to do whatever they like for these 2 days, yet if one has a closer look at the important hourly indicator slow stochastic, one will observe a good +ve divergence when nifty made a new low but the indicator made the same low which nifty had made when it was at 4528 on monday. In addition to this, the indicator also has bounced up without entering the lower 20% zone as was the case on monday & tuesday. So barring operators action on expiry day, there is every possibility of nifty retesting 4600 levels and breaching it also. Interestingly the last end hour small candle in the hourly chart above is also entangled with the confluence of 8,13,21 & 34 emas. So a decisive breach on the down side of the candle at 4498 can see a sharp down move and a breach of up side at 4527 can see a sharp up move. Lets wait & see how operators behave on expiry day.
Wednesday, July 29, 2009
NIFTY FUTURES
JULY FUTURE :- A COMPULSORY CLOSE ABOVE 4535 IS NEEDED & TOMORROW BULLS WILL REMAIN ACTIVE ONLY IF NIFTY FUTURES TRADES ABOVE 4535. FAILURE TO TRADE ABOVE 4535 WILL TAKE NIFTY FUTURES TO 4489 WHICH HOLDS CRUCIAL. MORE WEAKNESS CAN BE EXPECTED BELOW 4489. IF SUSTAINS ABOVE 4535 THEN ONLY CAN GO UP TO 4558 - 4584. BELOW 4489 SUPPORT PEGGED AT 4450 - 4415. CRACK AT 4415 CAN SEE MORE PAIN FOR THE BULLS & THE TARGET WOULD BE 4354 - 4327
Morning updates for 29th July
WITH EXPIRY CONSIDERATIONS IN MIND, MOST OF THE BIG OPERATORS DECIDED TO GIVE ANOTHER DAY OF PAUSE TO NIFTY, HOWEVER KEPT THE CARROT HANGING AROUND 4600 LEVELS WITH THE STICK AROUND 4525 LEVELS THAT KEPT THE HOPES OF THE THIRSTY BULLS ALIVE THAT NIFTY MAY STILL CROSS 4600 BY EXPIRY AS WELL AS STARVED BEARS HOPING THAT NIFTY MAY CLOSE AROUND 4500 LEVELS. TRADERS MUST REALIZE THAT THE 1 OR 2 DAYS LEADING TO EXPIRY BELONG TO THE BIG INTERNATIONAL OPERATORS & ANY AMOUNT OF HEAD BANGING ONE DOES, THE INDICES WILL ONLY MOVE AS PER THE DESIRES OF THE OPERATORS. SO THE BEST SOLUTION DURING EXPIRY WEEK IS TO WAIT FOR A FALL TO BUY AUGUST FUTURE AND AUGUST 4600 CALLS & AS INDICES MOVE UP THEN BOLDLY SHORT JULY 4600 CALL & HOLD BOTH AUGUST & JULY 4600 CALLS TILL EXPIRY TO POCKET THE ENTIRE COST OF JULY 4600 CALL. SIMILARLY AS NIFTY RISES ONE CAN BUY AUGUST 4500 PUT AND AS NIFTY FALLS, BOLDLY SHORT A 4500 JULY PUT AND HOLD BOTH AUGUST & JULY 4500 PUT TILL EXPIRY TO POCKET THE ENTIRE COST OF JULY 4500 PUT.
IT IS WISER TO AVOID OR REDUCE FUTURES TRADING OR WAIT TO TRADE AROUND THE EXTREMITIES OF PREVIOUS DAYS RANGE FOR THE 2 DAYS LEFT FOR THE EXPIRY AS ONE MAY BE SQUEEZED OUT OF SHAPE BY THE HEDGE FUND OPERATORS. BE SURE DURING THESE 2 DAYS, ALL SUPPORT & RESISTANCE LINES WILL BE BREACHED TO EAT UP THE STOP LOSSES. SO INSTEAD OF ENTERING EARLY AND PLACING STOP LOSS, IT IS WISER TO START THE TRADE AFTER THE BREACHING POINT OF STOP LOSS. GENERALLY TRADERS & OPTION BUYERS OF CURRENT MONTH SERIES LOSE THE MAXIMUM DURING THESE LAST DAYS OF EXPIRY.
FOR INTRADAY TRADING ON WEDNESDAY, EXPECT THE DAY TO BE SIMILAR TO MONDAY AND TUESDAY WITH NIFTY GYRATING WITHIN THE RANGE OF 4600 & 4525 WITH PERHAPS A NEGATIVE BIAS. NIFTY MAY FIND INITIAL SUPPORT AROUND 4528 LEVELS A BREACH OF WHICH MAY TAKE NIFTY 4505 LEVELS. ON THE HIGHER SIDE 4600 IS LIKELY TO BE A FORMIDABLE RESISTANCE A DECISIVE BREACH OF WHICH CAN TAKE NIFTY TOWARDS 4655 OR HIGHER LEVELS.
IF ONE HAS A LOOK AT THE INTRADAY CHART ABOVE, ONE WILL FIND THAT 4525 IS A CRITICAL SUPPORT AREA WHICH ALSO IS THE NECK LINE OF DOUBLE HEAD FORMATION. SO A DECISIVE BREACH OF THE NECK LINE AROUND 4525 DURING ACTUAL TRADING MAY ENCOURAGE BEARS TOWARDS MERCILESS SHORTING THAT MAY NOT ONLY BRING DOWN NIFTY TOWARDS NEXT SUPPORT AROUND THE FRAGILE 4505 LEVELS BUT ALSO 4505 MAY EASILY GIVE UP TO SLIDE NIFTY TOWARDS 4484 FOLLOWED BY 4455 LEVELS. SECONDLY 2 DOJIS AFTER 2 BULLISH DAYS ARE FORMED IN THE DAILY EOD CHARTS & THE BASE OF BOTH THE DOJIS ARE AROUND 4528 LEVELS. SO, A DECISIVE BREACH OF THE BASE OF THE DOJIS AROUND 4528 MAY TAKE DOWN NIFTY SHARPLY. SIMILARLY BOTH THE DOJIS HAVE THEIR PEAK OF UPPER SHADOWS AROUND 4600 LEVELS, SO A DECISIVE BREACH OF 4600 ON THE UPPER SIDE MAY SEE A SHARP UP MOVE IN NIFTY.
WITH WORLD MARKETS LOOKING WEAK AND ALSO A POSSIBILITY OF ASIAN MARKETS FALLING ON WEDNESDAY MORNING, THERE IS A POSSIBILITY OF INITIAL FALL IN NIFTY TOWARDS THE DECIDING LEVEL OF 4525 LEVELS. WITH RELIANCE INDUSTRIES LOOKING EXTREMELY WEAK & ITS NEXUS WITH PETROLEUM MINISTRY HAVING BEEN BADLY EXPOSED DURING RNRL AGM, IT IS WISER TO COMPLETELY OFF LOAD RELIANCE INDUSTRY FROM THE INVESTMENT PORTFOLIO TO PICK IT UP AROUND 1500 LEVELS & REPLACE IT WITH CAIRN ENERGY FOR LONG TERM AS CAIRN AROUND 240 HAS MUCH BETTER POTENTIAL TO SHOOT UP IN FUTURE. WAIT FOR CAIRN TO FALL IN NEXT 2 DAYS AS CRUDE IS FALLING & USE THIS FALL IN CRUDE TO GRADUALLY ACCUMULATE CAIRN FOR LONG TERM INVESTMENT.
IT IS WISER TO AVOID OR REDUCE FUTURES TRADING OR WAIT TO TRADE AROUND THE EXTREMITIES OF PREVIOUS DAYS RANGE FOR THE 2 DAYS LEFT FOR THE EXPIRY AS ONE MAY BE SQUEEZED OUT OF SHAPE BY THE HEDGE FUND OPERATORS. BE SURE DURING THESE 2 DAYS, ALL SUPPORT & RESISTANCE LINES WILL BE BREACHED TO EAT UP THE STOP LOSSES. SO INSTEAD OF ENTERING EARLY AND PLACING STOP LOSS, IT IS WISER TO START THE TRADE AFTER THE BREACHING POINT OF STOP LOSS. GENERALLY TRADERS & OPTION BUYERS OF CURRENT MONTH SERIES LOSE THE MAXIMUM DURING THESE LAST DAYS OF EXPIRY.
FOR INTRADAY TRADING ON WEDNESDAY, EXPECT THE DAY TO BE SIMILAR TO MONDAY AND TUESDAY WITH NIFTY GYRATING WITHIN THE RANGE OF 4600 & 4525 WITH PERHAPS A NEGATIVE BIAS. NIFTY MAY FIND INITIAL SUPPORT AROUND 4528 LEVELS A BREACH OF WHICH MAY TAKE NIFTY 4505 LEVELS. ON THE HIGHER SIDE 4600 IS LIKELY TO BE A FORMIDABLE RESISTANCE A DECISIVE BREACH OF WHICH CAN TAKE NIFTY TOWARDS 4655 OR HIGHER LEVELS.
IF ONE HAS A LOOK AT THE INTRADAY CHART ABOVE, ONE WILL FIND THAT 4525 IS A CRITICAL SUPPORT AREA WHICH ALSO IS THE NECK LINE OF DOUBLE HEAD FORMATION. SO A DECISIVE BREACH OF THE NECK LINE AROUND 4525 DURING ACTUAL TRADING MAY ENCOURAGE BEARS TOWARDS MERCILESS SHORTING THAT MAY NOT ONLY BRING DOWN NIFTY TOWARDS NEXT SUPPORT AROUND THE FRAGILE 4505 LEVELS BUT ALSO 4505 MAY EASILY GIVE UP TO SLIDE NIFTY TOWARDS 4484 FOLLOWED BY 4455 LEVELS. SECONDLY 2 DOJIS AFTER 2 BULLISH DAYS ARE FORMED IN THE DAILY EOD CHARTS & THE BASE OF BOTH THE DOJIS ARE AROUND 4528 LEVELS. SO, A DECISIVE BREACH OF THE BASE OF THE DOJIS AROUND 4528 MAY TAKE DOWN NIFTY SHARPLY. SIMILARLY BOTH THE DOJIS HAVE THEIR PEAK OF UPPER SHADOWS AROUND 4600 LEVELS, SO A DECISIVE BREACH OF 4600 ON THE UPPER SIDE MAY SEE A SHARP UP MOVE IN NIFTY.
WITH WORLD MARKETS LOOKING WEAK AND ALSO A POSSIBILITY OF ASIAN MARKETS FALLING ON WEDNESDAY MORNING, THERE IS A POSSIBILITY OF INITIAL FALL IN NIFTY TOWARDS THE DECIDING LEVEL OF 4525 LEVELS. WITH RELIANCE INDUSTRIES LOOKING EXTREMELY WEAK & ITS NEXUS WITH PETROLEUM MINISTRY HAVING BEEN BADLY EXPOSED DURING RNRL AGM, IT IS WISER TO COMPLETELY OFF LOAD RELIANCE INDUSTRY FROM THE INVESTMENT PORTFOLIO TO PICK IT UP AROUND 1500 LEVELS & REPLACE IT WITH CAIRN ENERGY FOR LONG TERM AS CAIRN AROUND 240 HAS MUCH BETTER POTENTIAL TO SHOOT UP IN FUTURE. WAIT FOR CAIRN TO FALL IN NEXT 2 DAYS AS CRUDE IS FALLING & USE THIS FALL IN CRUDE TO GRADUALLY ACCUMULATE CAIRN FOR LONG TERM INVESTMENT.
Nifty Levels to watch on 29th July
OVERBOUGHT MKTS.4587 CRUCIAL .SAFE IF TRDS ABV 4587.BLW 4528 WEAK 1ST NEAR
SUPP 4510 BLW THAT OPEN 4440-4380-4324.STRNG MKT DNT BRK 4324 OR ELSE
4248-4127.STRNG BUY HERE.
208 STOP LOSS BUY POWER FIN 532810 ABOVE 230 TARGET 284.LAST SUPPORT 200.
1275 ABOVE BUY TATA POWER TARGET 1500 STOP LOSSS 1230 INV STOP LOSS 1110
62 NEAR STOP 51 INV STOP BUY TANLA 532790 ABOVE 71 TARGET 110
Tuesday, July 28, 2009
NCD-Shriram Transport Finance Limited
The public Issue of Secured Non-Convertible Debentures by Shriram Transport Finance Co Ltd.
Salient features of the issue
- The NCD issue is rated “AA+” by CARE and “AA (IND)” by Fitch. STFC will create appropriate security in favour of the Debenture Trustee for the NCD holders on the assets to ensure 100% asset cover for the NCDs.
- The NCDs bear an attractive coupon rate between 10.75 % and 11.25 %.
- There are five investment options, suiting the needs of different categories of investors.
- The NCD’S are proposed to be listed on NSE and hence will be available in Demat form only, which will facilitate trading of these debentures.
- In case of a resident debenture holder, TDS will not be deducted since the debentures will be listed on the NSE.
- In case of NRI debenture holder, under Section 195 of the I.T. Act, the company is required to deduct tax at source.
- Under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed debenture is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer.
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 28th JULY 2009
NIFTY FUTURES HAS CLOSED AT 4576.80
""""NIFTY FUTURES ON FRIDAY HAD CLOSED AT 4575 & YESTERDAY IT HAS CLOSED AT 4576.80, THEREFORE THE TWO DAYS CLOSING PRICE AT 4576 WILL PLAY A SIGNIFICANT ROLE FOR TODAYS INTRADAY SESSION""""
THEREFORE THE TREND DECIDER FOR TODAY IS PLACED AT 4575. TODAY BULLS WILL REMAIN ACTIVE TILL THEY MANAGE TO HOLD NIFTY FUTURES ABOVE 4575 REGION.
ABOVE 4575 THE IMMEDIATE HURDLE IS PLACED AT 4599.
IF NIFTY FUTURES TRADES ABOVE 4599 THEN A RALLY UP TO 4620 IS EXPECTED.
"""""""4620 IS THE “TREND REVERSAL” ZONE & NIFTY FUTURES IS LIKELY TO REVERSE FROM THIS ZONE OF 4620. FOR FURTHER INTRADAY UPTREND SUSTAINING ABOVE 4620 IS A MUST"""""""
CAPABLE TO HOLD ABOVE 4620 WITH STRONG BUY VOLUMES CAN TAKE NIFTY FUTURES TO 4641 – 4663
4663 IS THE MAXIMUM FOR TODAYS INTRADAY SESSION.
THE TREND DECIDER FOR TODAY IS PLACED AT 4575 THEREFORE NIFTY FUTURES HAS TO TRADE ABOVE IT.
1st SIGN OF WEAKNESS WILL BE THE INABILITY TO TRADE ABOVE 4575 MARK.
IF TRADES BELOW 4575 THEN NIFTY FUTURES CAN SLIDE DOWN TO 4566 – 4555 REGION.
4555 HOLDS CRUCIAL FOR NIFTY FUTURES AND NIFTY FUTURES WILL BECOME MORE WEAKER IF 4555 IS CRACKED.
FAILURE TO TRADE ABOVE 4555 WILL DRAG NIFTY FUTURES TO 4525 THAT WAS YESTERDAYS DAY LOW. THE 4525 REGION BEING YESTERDAYS DAY LOW HOLDS SIGNIFICANCE FOR TODAYS INTRADAY SESSION & THEREFORE IT SHOULD NOT BE BREACHED.
CRACK AT 4525 WILL TAKE NIFTY FUTURES TO 4498.
4498 IS THE BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.
UNABLE TO HIT BACK HARD FROM THE BOUNCE BACK REGION OF 4498 WILL TAKE NIFTY FUTURES TO THE LOWER REGION OF 4472.
UPWARD VIEW OF NIFTY FUTURES
""""NIFTY FUTURES ON FRIDAY HAD CLOSED AT 4575 & YESTERDAY IT HAS CLOSED AT 4576.80, THEREFORE THE TWO DAYS CLOSING PRICE AT 4576 WILL PLAY A SIGNIFICANT ROLE FOR TODAYS INTRADAY SESSION""""
THEREFORE THE TREND DECIDER FOR TODAY IS PLACED AT 4575. TODAY BULLS WILL REMAIN ACTIVE TILL THEY MANAGE TO HOLD NIFTY FUTURES ABOVE 4575 REGION.
ABOVE 4575 THE IMMEDIATE HURDLE IS PLACED AT 4599.
IF NIFTY FUTURES TRADES ABOVE 4599 THEN A RALLY UP TO 4620 IS EXPECTED.
"""""""4620 IS THE “TREND REVERSAL” ZONE & NIFTY FUTURES IS LIKELY TO REVERSE FROM THIS ZONE OF 4620. FOR FURTHER INTRADAY UPTREND SUSTAINING ABOVE 4620 IS A MUST"""""""
CAPABLE TO HOLD ABOVE 4620 WITH STRONG BUY VOLUMES CAN TAKE NIFTY FUTURES TO 4641 – 4663
4663 IS THE MAXIMUM FOR TODAYS INTRADAY SESSION.
DOWNWARD VIEW OF NIFTY FUTURES
THE TREND DECIDER FOR TODAY IS PLACED AT 4575 THEREFORE NIFTY FUTURES HAS TO TRADE ABOVE IT.
1st SIGN OF WEAKNESS WILL BE THE INABILITY TO TRADE ABOVE 4575 MARK.
IF TRADES BELOW 4575 THEN NIFTY FUTURES CAN SLIDE DOWN TO 4566 – 4555 REGION.
4555 HOLDS CRUCIAL FOR NIFTY FUTURES AND NIFTY FUTURES WILL BECOME MORE WEAKER IF 4555 IS CRACKED.
FAILURE TO TRADE ABOVE 4555 WILL DRAG NIFTY FUTURES TO 4525 THAT WAS YESTERDAYS DAY LOW. THE 4525 REGION BEING YESTERDAYS DAY LOW HOLDS SIGNIFICANCE FOR TODAYS INTRADAY SESSION & THEREFORE IT SHOULD NOT BE BREACHED.
CRACK AT 4525 WILL TAKE NIFTY FUTURES TO 4498.
4498 IS THE BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.
UNABLE TO HIT BACK HARD FROM THE BOUNCE BACK REGION OF 4498 WILL TAKE NIFTY FUTURES TO THE LOWER REGION OF 4472.
Monday, July 27, 2009
Thursday, July 23, 2009
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 23rd JULY 2009
NIFTY FUTURES HAS CLOSED AT 4005
4409 IS THE TREND DECIDER FOR TODAYS INTRADAY SESSION.
BULLS WILL BE ACTIVE ABOVE 4409 ONLY.
ABOVE 4409 IMMEDIATE RESISTANCE IS PEGGED AT 4431 – 4457.
IN THE WEEKLY TREND REPORT, I HAD MENTIONED THAT THE 1st LEG OF RALLY WILL EXHAUST AT 4457.
"""""NIFTY FUTURES HAS CRACKED THE SAME 4457 LEVEL. THEREFORE THE MAJOR RESISTANCE FOR TODAY IS PLACED AT 4457"""""
TREND IS LIKELY TO REVERSE FROM 4457 AND FURTHER UPTREND CAN BE SEEN ABOVE 4457 ONLY.
SUSTAINING ABOVE 4457 WILL TAKE NIFTY FUTURES TO 4475 – 4499
4499 IS THE MAXIMUM FOR TODAYS INTRADAY TREND.
SINCE 4409 HAPPENS TO BE THE TREND DECIDER FOR TODAY, BULLS WILL HAVE TO HOLD NIFTY FUTURES ABOVE 4409.
UNABLE TO HOLD ABOVE 4409 WILL TAKE NIFTY FUTURES TO THE DAY LOW OF YESTERDAY THAT IS PLACED AT 4388.
A CRACK AT YESTERDAY'S DAY LOW OF 4388 & NIFTY FUTURES CAN SLIDE DOWN TO 4360 – 4331
1st BOUNCE BACK REGION OF NIFTY FUTURES IS PLACED AT 4331.
CRACK AT 4331 WILL TAKE NIFTY FUTURE TO ITS IMMEDIATE MAJOR SUPPORT AT 4315.
"""""4315 IS A MAJOR SUPPORT AND IT COINCIDES WITH THE 50 DMA ON THE DAILY CHART"""""
A BREACH OF 4315 AND NIFTY FUTURES WILL SLIDE DOWN TO 4300 – 4275.
NIFTY FUTURES AT ANY COST SHOULD NOT CLOSE BELOW THE 4315 MARK.
NIFTY FUTURES WILL BECOME MORE BEARISH IF IT GIVES A CLOSE BELOW ITS 50 DMA THAT IS PLACED AT 4315.
UPWARD VIEW OF NIFTY FUTURES
4409 IS THE TREND DECIDER FOR TODAYS INTRADAY SESSION.
BULLS WILL BE ACTIVE ABOVE 4409 ONLY.
ABOVE 4409 IMMEDIATE RESISTANCE IS PEGGED AT 4431 – 4457.
IN THE WEEKLY TREND REPORT, I HAD MENTIONED THAT THE 1st LEG OF RALLY WILL EXHAUST AT 4457.
"""""NIFTY FUTURES HAS CRACKED THE SAME 4457 LEVEL. THEREFORE THE MAJOR RESISTANCE FOR TODAY IS PLACED AT 4457"""""
TREND IS LIKELY TO REVERSE FROM 4457 AND FURTHER UPTREND CAN BE SEEN ABOVE 4457 ONLY.
SUSTAINING ABOVE 4457 WILL TAKE NIFTY FUTURES TO 4475 – 4499
4499 IS THE MAXIMUM FOR TODAYS INTRADAY TREND.
DOWNWARD VIEW OF NIFTY FUTURES
SINCE 4409 HAPPENS TO BE THE TREND DECIDER FOR TODAY, BULLS WILL HAVE TO HOLD NIFTY FUTURES ABOVE 4409.
UNABLE TO HOLD ABOVE 4409 WILL TAKE NIFTY FUTURES TO THE DAY LOW OF YESTERDAY THAT IS PLACED AT 4388.
A CRACK AT YESTERDAY'S DAY LOW OF 4388 & NIFTY FUTURES CAN SLIDE DOWN TO 4360 – 4331
1st BOUNCE BACK REGION OF NIFTY FUTURES IS PLACED AT 4331.
CRACK AT 4331 WILL TAKE NIFTY FUTURE TO ITS IMMEDIATE MAJOR SUPPORT AT 4315.
"""""4315 IS A MAJOR SUPPORT AND IT COINCIDES WITH THE 50 DMA ON THE DAILY CHART"""""
A BREACH OF 4315 AND NIFTY FUTURES WILL SLIDE DOWN TO 4300 – 4275.
NIFTY FUTURES AT ANY COST SHOULD NOT CLOSE BELOW THE 4315 MARK.
NIFTY FUTURES WILL BECOME MORE BEARISH IF IT GIVES A CLOSE BELOW ITS 50 DMA THAT IS PLACED AT 4315.
Wednesday, July 22, 2009
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 22nd JULY 2009
NIFTY FUTURES HAS CLOSED AT 4473
UPWARD VIEW OF NIFTY FUTURES
BULLS WILL REMAIN ACTIVE ABOVE 4475 ONLY.
FOR YESTERDAY'S INTRADAY TRADING SESSION THE 4500 REGION WAS THE TREND DECIDER.
THE SAME 4500 REGION WILL ACT AS THE 1st RESISTANCE ABOVE 4475
ABOVE 4500 THE 4516 REGION WILL ACT AS A POINT OF TREND REVERSAL
NIFTY IS LIKELY TO REVERSE FROM 4516.
SUSTAINING ABOVE 4516 WILL TAKE NIFTY FUTURES TO 4533 & 4551
4551 IS THE MAXIMUM FOR TODAYS INTRADAY SESSION.
DOWNWARD VIEW OF NIFTY FUTURES
FAILURE TO TRADE ABOVE 4475 WILL TAKE NIFTY FUTURES TO 4464.
4464 IS THE LAST HOPE FOR THE BULLS. NIFTY FUTURES SHOULD NOT TRADE BELOW 4464 OR IT MAY TEST YESTERDAY'S DAY LOW.
CRACK AT 4464 WILL TAKE NIFTY FUTURES TO 4451 – 4427.
BELOW 4427 THE REGION OF 4416 IS THE 1st BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.
FAILURE TO HIT BACK FROM 4416 WILL DRAG NIFTY FUTURES TO 4394.
Tuesday, July 21, 2009
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 21st JULY 2009
NIFTY FUTURES HAS CLOSED AT 4510.
1st RESISTANCE FOR TODAY IS PLACED AT 4531.
FOR TODAY TO MOVE UPWARDS NIFTY FUTURES WILL HAVE TO HOLD ABOVE 4531.
""""ABLE TO HOLD IT SELF ABOVE 4531 WILL TAKE NIFTY FUTURES TO 4559 & 4587"""""
THE 4587 MARK IS THE LAST SPOT FOR TODAY’S INTRADAY SESSION AND PROFIT BOOKING IS EXPECTED TO HAPPEN AT THIS 4587 REGION.
THUS THE 4587 – 4590 MARK IS THE MAXIMUM FOR TODAY’S TRADING SESSION.
NIFTY FUTURES HAS ALREADY RALLIED 612 POINTS IN 6 STRAIGHT TRADING SESSIONS.
FROM HEREON TRADERS SHOULD REMAIN CAUTIOUS.
TODAY A MINIMUM CLOSE ABOVE 4550 WITH GREEN BUYING VOLUMES IS NEEDED FOR THIS RALLY TO CONTINUE ITS UPWARD JOURNEY.
"""""UNABLE TO CLOSE ABOVE 4550 WILL BE THE 1st SIGN OF THE TREND REVERSING DOWNWARDS""""""
4500 IS THE TREND DECIDER FOR TODAYS INTRADAY SESSION.
BULLS WILL HAVE AN UPPER HAND TILL 4500 REMAINS INTACT.
CRACK AT 4500 & FAILURE TO SUSTAIN ABOVE 4500 WILL TAKE NIFTY FUTURES TO 4475
4475 IS A STRONG SUPPORT AND NIFTY FUT SHOULD HOLD ITSELF AT THIS SUPPORT OF 4475.
FAILURE TO HOLD ITSELF ABOVE 4475 & NIFTY FUTURES CAN SLIDE DOWN TO 4460 – 4447.
4447 IS THE 1st BOUNCE BACK ZONE FOR TODAYS INTRADAY SESSION.
IF 4447 IS BREACHED THEN A FURTHER FALL UP TO 4427 – 4406 NOT RULED OUT.
4406 IS YESTERTDAYS DAY LOW AND IT SHOULD REMAIN INTACT.
IF 4406 IS BROKEN THEN FURTHER SLIDE DOWN TOWARDS 4389 – 4372 IS EXPECTED.
4372 IS THE 2nd & THE LAST BOUNCE BACK ZONE FOR THE BULLS.
SLIP BELOW 4372 AND NIFTY FUTURES WILL HIT 4355 – 4337.
UPWARD VIEW OF NIFTY FUTURES
1st RESISTANCE FOR TODAY IS PLACED AT 4531.
FOR TODAY TO MOVE UPWARDS NIFTY FUTURES WILL HAVE TO HOLD ABOVE 4531.
""""ABLE TO HOLD IT SELF ABOVE 4531 WILL TAKE NIFTY FUTURES TO 4559 & 4587"""""
THE 4587 MARK IS THE LAST SPOT FOR TODAY’S INTRADAY SESSION AND PROFIT BOOKING IS EXPECTED TO HAPPEN AT THIS 4587 REGION.
THUS THE 4587 – 4590 MARK IS THE MAXIMUM FOR TODAY’S TRADING SESSION.
NIFTY FUTURES HAS ALREADY RALLIED 612 POINTS IN 6 STRAIGHT TRADING SESSIONS.
FROM HEREON TRADERS SHOULD REMAIN CAUTIOUS.
TODAY A MINIMUM CLOSE ABOVE 4550 WITH GREEN BUYING VOLUMES IS NEEDED FOR THIS RALLY TO CONTINUE ITS UPWARD JOURNEY.
"""""UNABLE TO CLOSE ABOVE 4550 WILL BE THE 1st SIGN OF THE TREND REVERSING DOWNWARDS""""""
DOWNWARD VIEW OF NIFTY FUTURES.
4500 IS THE TREND DECIDER FOR TODAYS INTRADAY SESSION.
BULLS WILL HAVE AN UPPER HAND TILL 4500 REMAINS INTACT.
CRACK AT 4500 & FAILURE TO SUSTAIN ABOVE 4500 WILL TAKE NIFTY FUTURES TO 4475
4475 IS A STRONG SUPPORT AND NIFTY FUT SHOULD HOLD ITSELF AT THIS SUPPORT OF 4475.
FAILURE TO HOLD ITSELF ABOVE 4475 & NIFTY FUTURES CAN SLIDE DOWN TO 4460 – 4447.
4447 IS THE 1st BOUNCE BACK ZONE FOR TODAYS INTRADAY SESSION.
IF 4447 IS BREACHED THEN A FURTHER FALL UP TO 4427 – 4406 NOT RULED OUT.
4406 IS YESTERTDAYS DAY LOW AND IT SHOULD REMAIN INTACT.
IF 4406 IS BROKEN THEN FURTHER SLIDE DOWN TOWARDS 4389 – 4372 IS EXPECTED.
4372 IS THE 2nd & THE LAST BOUNCE BACK ZONE FOR THE BULLS.
SLIP BELOW 4372 AND NIFTY FUTURES WILL HIT 4355 – 4337.
Monday, July 20, 2009
NIFTY FUTURES WEEKLY TREND ANALYSIS FROM 20th JULY TO 24th JULY 2009
NIFTY FUTURES HAS CLOSED AT 4381.50
""""""4416 IS THE 1st WEEKLY RESISTANCE FOR THE NIFTY FUTURES"""""""
ABOVE 4416 NIFTY HAS A MAJOR RESISTANCE AT 4457.
FOR THE COMING WEEK IF NIFTY FUTURES HAS TO MAKE AN UPMOVE IT FIRST HAS TO CLOSE ABOVE 4457.
TILL NIFTY FUTURES DOES NOT GIVE A CLOSE ABOVE 4457 WE WILL NOT SEE FURTHER UPMOVE.
THE 1st LEG OF AN UPMOVE EXHAUSTS AT 4457.
""""""THE 2nd LEG OF UPMOVE WILL BEGIN ABOVE 4457 ONLY"""""""
ABOVE 4457 IMMEDIATE HURDLE IS PEGGED AT 4488 – 4519 – 4551.
THE 2nd LEG OF UPMOVE GETS OVER AT 4551.
TECHNICALLY ON A WEEKLY BASIS A BULL RUN IS SEEN UP TO THE 2nd LEG ONLY.
""""""AT THE 2nd LEG THE BULL RUN IS SUPPOSED TO EXHAUST""""""
4551 IS A VERY HUGE OBSTACLE AND NIFTY FUTURES IS VERY MUCH LIKELY TO REVESE FROM THIS ZONE.
FOR FURTHER UP MOVE OR FOR THE START OF A 3rd LEG NIFTY FUTURES WILL HAVE TO CLOSE ABOVE 4551 ZONE.
WEEKLY DOWNWARD VIEW OF NIFTY FUTURES
4333 IS THE 1st WEEKLY SUPPORT FOR NIFTY FUTURES
BULLS WILL REMAIN ACTIVE TILL 4333 REMAINS INTACT ON THE DOWNSIDE.
A CRACK AT 4333 WILL TAKE NIFTY FUTURES TO 4300
4300 IS THE 1st BOUNCE BACK REGION FOR NIFTY FUTURES.
FAILURE TO HIT BACK FROM 4300 WILL TAKE NIFTY FUTURES TO 4272 – 4250
""""""4250 HAPPENS TO BE A CRUCIAL SUPPORT BECAUSE IT COINCIDES WITH THE LOW OF FRIDAY THAT WAS 4256 & THE 50 DMA IS ALSO PLACED AT 4250 REGION""""""
CRACK AT 4250 WILL TAKE NIFTY FUTURES TO 4211.
2nd WEEKLY BOUNCE BACK REGION IS PLACED AT 4211.
BREACH OF 4211 & NIFTY FUTURES CAN SLIP DOWN FURTHER TO 4182 – 4150 – 4126.
3rd & THE LAST WEEKLY BOUNCE BACK REGION IS PLACED AT 4126.
CRACK AT 4126 AND NIFTY FUTURES HAS LAST HOPE AT 4094.
"""""4094 STANDS CRUCIAL AND IN ANY CASE IT SHOULDN’T BE BROKEN""""""
THE LOW OF 3905 MADE ON 13-07-09 WILL NOT BE CRACKED TILL 4094 IS NEVER BREACHED. IF THE 4094 REGION IS CRACKED ON A CLOSING BASIS THEN THERE ARE NO HOPES THAT THE SUPPORT OF 3905 WILL REMAIN SAFE.
HAVE A NICE TRADING SESSION FOR THE WEEK.
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 20th JULY 2009
NIFTY FUTURES HAS CLOSED AT 4381.50
UPWARD VIEW OF NIFTY FUTURES
TILL 4367 REMAINS INTACT BULLS WILL REMAIN ACTIVE.
ABOVE 4367 IMMEDIATE RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4399 – 4416.
4416 IS THE 1st TREND REVERSAL FOR TODAYS INTRADAY SESSION.
IF NIFTY FUTURES SUSTAINS ABOVE 4416 THEN IT CAN RALLY UP TO 4452 – 4457 REGION.
AS MENTIONED IN THE “WEEKLY TREND REPORT” UNLESS AND UNTILL NIFTY FUTURES DOES NOT CLOSE AND SUSTAIN ABOVE 4457 IT WILL NOT MOVE UPWARDS.
"""""THEREFORE THE SAME 4452 – 4457 REGION WILL ACT AS A MAJOR HURDLE FOR TODAYS INTRADAY SESSION"""""
ABLE TO HOLD ITSELF FIRM ABOVE 4452 – 4457 ZONE CAN TAKE NIFTY FUTURES UP TO THE 4488 MARK.
4488 IS THE MAXIMUM FOR TODAY’S INTRADAY SESSION.
4367 REGION IS THE TREND DECIDER & NIFTY FUTURES SHOULD BE ABLE TO HOLD ABOVE IT. UNABLE TO HOLD ITSELF ABOVE 4367 WILL TAKE NIFTY FUTURES TO 4344.
NIFTY FUTURES SHOULD NOT CRACK THE 4344 REGION. BULLS WILL BECOME WEAK IF 4344 IS CRACKED.
IF 4344 IS CRACKED THEN NIFTY FUTURES WILL SLIDE DOWN TO 4328 – 4310
4310 IS THE 1st BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION & NIFTY FUTURES SHOULD BOUNCE BACK HARD FROM 4310.
BREAK OF 4310 WILL TAKE NIFTY FUTURES TO 4284 – 4256 REGION.
"""""4256 IS THE FRIDAYS DAY LOW OF NIFTY FUTURES & THE SAME COINCIDES WITH THE 50 DMA"""""
A CRACK AT 4256 AND FAILURE TO RISE ABOVE 4256 WILL DRAG NIFTY FUTURES TO LOWER REGION AT 4234 – 4211.
4211 IS THE 2nd & A TOUGH BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.
CRACK AT 4211 & INABILITY TO HOLD ABOVE 4211 WILL DRAG NIFTY FUTURES TO 4190 & 4167
"""""THEREFORE THE SAME 4452 – 4457 REGION WILL ACT AS A MAJOR HURDLE FOR TODAYS INTRADAY SESSION"""""
ABLE TO HOLD ITSELF FIRM ABOVE 4452 – 4457 ZONE CAN TAKE NIFTY FUTURES UP TO THE 4488 MARK.
4488 IS THE MAXIMUM FOR TODAY’S INTRADAY SESSION.
DOWNWARD VIEW OF NIFTY FUTURES
4367 REGION IS THE TREND DECIDER & NIFTY FUTURES SHOULD BE ABLE TO HOLD ABOVE IT. UNABLE TO HOLD ITSELF ABOVE 4367 WILL TAKE NIFTY FUTURES TO 4344.
NIFTY FUTURES SHOULD NOT CRACK THE 4344 REGION. BULLS WILL BECOME WEAK IF 4344 IS CRACKED.
IF 4344 IS CRACKED THEN NIFTY FUTURES WILL SLIDE DOWN TO 4328 – 4310
4310 IS THE 1st BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION & NIFTY FUTURES SHOULD BOUNCE BACK HARD FROM 4310.
BREAK OF 4310 WILL TAKE NIFTY FUTURES TO 4284 – 4256 REGION.
"""""4256 IS THE FRIDAYS DAY LOW OF NIFTY FUTURES & THE SAME COINCIDES WITH THE 50 DMA"""""
A CRACK AT 4256 AND FAILURE TO RISE ABOVE 4256 WILL DRAG NIFTY FUTURES TO LOWER REGION AT 4234 – 4211.
4211 IS THE 2nd & A TOUGH BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.
CRACK AT 4211 & INABILITY TO HOLD ABOVE 4211 WILL DRAG NIFTY FUTURES TO 4190 & 4167
Friday, July 17, 2009
Sensex,nifty levels for 17th july
Sensex (14250) Res 14494-14839-15097 & Sup 14169-13991-13891.
Nifty (4231) Res 4321-4383-4434 & Sup 4205-4150-4124.
NiftyFut (4224) Res 4322-4392-4440 & Sup 4194-4144-4127
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 17th JULY 2009
NIFTY FUTURES HAS NOW GOT ITS 50 DMA PLACED AT 4254 & SPOT NIFTY HAS GOT ITS 50 DMA PLACED AT 4246.60 ON THE DAILY CHARTS.
THUS THE 50 DMA HAS BECOME A MAJOR RESISTANCE FOR BOTH NIFTY FUTURES AS WELL AS SPOT NIFTY.
NIFTY FUTURES HAS CLOSED AT 4224.85
FOR TODAY, PRIMARY UPTREND FOR NIFTY FUTURES WILL START ABOVE 4231 ONLY.
HENCE 4231 IS THE TREND DECIDER FOR TODAY’S INTRADAY SESSION.
ABOVE 4231 IMMEDIATE RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4242 & 4254.
THE 50 DMA IS PLACED AT 4254 THEREFORE SUSTAINING ABOVE 4254 IS A MUST FOR FURTHER UPTREND.
NIFTY FUTURES MAY RISE ABOVE 4254 BUT IT MAY REVERSE & CRACK THE 4254 REGION. HENCE HOLDING FIRM ABOVE 4254 IS COMPULSORY.
ABOVE 4254 IMMEDIATE RESISTANCE FOR NIFTY FUTURES IS PLACED AT 4277 – 4302.40
4302.40 WILL ACT AS A SMALL HURDLE AND NIFTY FUTURES MAY REVERSE FROM THERE.
ABLE TO TRADE ABOVE 4302.40 WILL TAKE NIFTY FUTURES FURTHER TO 4327 – 4336.50 & 4351.
YESTERDAY'S DAY LOW OF 4194 IS A CRUCIAL REGION FOR TODAYS INTRADAY SESSION.
YESTERADY NIFTY FUTURES BOUNCED BACK TWICE FROM THE 4194 AREA HENCE THE SAME REGION OF 4194 SHOULD NOT BE BROKEN OR ELSE THE SAME SUPPORT OF 4194 WILL ACT AS A MAJOR RESISTANCE FOR THE NIFTY FUTURES TO MOVE UPWARDS.
A CRACK AT 4194 AND NIFTY FUTURES MAY MAKE A NEW LOW AT 4164.
1st BOUNCE BACK REGION IS PLACED AT 4164.
FAILURE TO HIT BACK FROM 4164 WILL TAKE NIFTY FUTURES TO 4143 – 4126.
2nd & THE LAST BOUNCE BACK REGION IS PLACED AT 4126 FOR TODAYS INTRADAY SESSION.
THUS THE 50 DMA HAS BECOME A MAJOR RESISTANCE FOR BOTH NIFTY FUTURES AS WELL AS SPOT NIFTY.
NIFTY FUTURES HAS CLOSED AT 4224.85
UPWARD VIEW OF NIFTY FUTURES
FOR TODAY, PRIMARY UPTREND FOR NIFTY FUTURES WILL START ABOVE 4231 ONLY.
HENCE 4231 IS THE TREND DECIDER FOR TODAY’S INTRADAY SESSION.
ABOVE 4231 IMMEDIATE RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4242 & 4254.
THE 50 DMA IS PLACED AT 4254 THEREFORE SUSTAINING ABOVE 4254 IS A MUST FOR FURTHER UPTREND.
NIFTY FUTURES MAY RISE ABOVE 4254 BUT IT MAY REVERSE & CRACK THE 4254 REGION. HENCE HOLDING FIRM ABOVE 4254 IS COMPULSORY.
ABOVE 4254 IMMEDIATE RESISTANCE FOR NIFTY FUTURES IS PLACED AT 4277 – 4302.40
4302.40 WILL ACT AS A SMALL HURDLE AND NIFTY FUTURES MAY REVERSE FROM THERE.
ABLE TO TRADE ABOVE 4302.40 WILL TAKE NIFTY FUTURES FURTHER TO 4327 – 4336.50 & 4351.
DOWNWARD VIEW OF NIFTY FUTURES.
YESTERDAY'S DAY LOW OF 4194 IS A CRUCIAL REGION FOR TODAYS INTRADAY SESSION.
YESTERADY NIFTY FUTURES BOUNCED BACK TWICE FROM THE 4194 AREA HENCE THE SAME REGION OF 4194 SHOULD NOT BE BROKEN OR ELSE THE SAME SUPPORT OF 4194 WILL ACT AS A MAJOR RESISTANCE FOR THE NIFTY FUTURES TO MOVE UPWARDS.
A CRACK AT 4194 AND NIFTY FUTURES MAY MAKE A NEW LOW AT 4164.
1st BOUNCE BACK REGION IS PLACED AT 4164.
FAILURE TO HIT BACK FROM 4164 WILL TAKE NIFTY FUTURES TO 4143 – 4126.
2nd & THE LAST BOUNCE BACK REGION IS PLACED AT 4126 FOR TODAYS INTRADAY SESSION.
Thursday, July 16, 2009
NIFTY FUTURES
DOUBLE BOTTOM SEEN AT 4194
NIFTY FUTURES RETESTED 4194 FOR THE 2nd TIME AND FROM THE DAY LOW OF 4194 NIFTY FUTURES RALLIED UP TO 4256
""""AS OF NOW 4262 REMAINED UNTOUCHED"""""
BULLS WANT A COMPULSORY CLOSE ABOVE 4262
NIFTY FUTURES RETESTED 4194 FOR THE 2nd TIME AND FROM THE DAY LOW OF 4194 NIFTY FUTURES RALLIED UP TO 4256
""""AS OF NOW 4262 REMAINED UNTOUCHED"""""
BULLS WANT A COMPULSORY CLOSE ABOVE 4262
NIFTY FUTURES
SINCE NIFTY FUT IS TRADING BELOW ITS 50 DMA OF 4244.
THATS WHY IT HAS BECOME BEARISH.
4244 WILL NOW ACT AS A MAJOR RESISTANCE AND BEARS ACTIVE BELOW 4244
MEDIUM TERM TREND TURNS DOWN IF THE INDEX TRADES BELOW THE 50 DMA
NOW IF DOES NOT HOLD ABOVE 4222 THEN 4194 HOLDS MAJOR SIGNIFICANCE.
NIFTY FUTURES HAS TO CLOSE ABOVE 4262 OR ELSE FURTHER UPSIDE REMAINS CAPPED.
READ THE "DOWNWARD VIEW OF NIFTY FUTURES" MENTIONED IN THE "INTRADAY TREND REPORT AS OF TODAY.
THATS WHY IT HAS BECOME BEARISH.
4244 WILL NOW ACT AS A MAJOR RESISTANCE AND BEARS ACTIVE BELOW 4244
MEDIUM TERM TREND TURNS DOWN IF THE INDEX TRADES BELOW THE 50 DMA
NOW IF DOES NOT HOLD ABOVE 4222 THEN 4194 HOLDS MAJOR SIGNIFICANCE.
NIFTY FUTURES HAS TO CLOSE ABOVE 4262 OR ELSE FURTHER UPSIDE REMAINS CAPPED.
READ THE "DOWNWARD VIEW OF NIFTY FUTURES" MENTIONED IN THE "INTRADAY TREND REPORT AS OF TODAY.
NIFTY FUTURES
4293.90 WAS THE STRONG DAY REVERSAL PREDICTED.
""""DAY HIGH OF NIFTY FUTURES AS OF NOW 4291""""
BANGED
""""DAY HIGH OF NIFTY FUTURES AS OF NOW 4291""""
BANGED
NOW 4244 THE 50 DMA HOLDS SIGNIFICANCE.
IMMEDIATE UPTREND ABOVE 4244 ONLY AND IMMEDIATE RESISTANCE PEGGED AT 4262 - 4293.
""""BELOW 4244 LAST HOPE 4222"""
WE WANT NIFTY FUTURES ABOVE 4244 AT ANY COST.
TAKE CARE & HAVE A NICE DAY.
WE WANT NIFTY FUTURES ABOVE 4244 AT ANY COST.
TAKE CARE & HAVE A NICE DAY.
NIFTY FUTURES
DOW JONES IS UP 250 POINTS.
NIFTY FUTURES HAS ALREADY RALLIED 348 POINTS IN THE LAST TWO TRADING SESSIONS.
TODAY THERE WOULD BE EXPECTATIONS FROM ALL TRADERS THAT WE MIGHT SEE A GAP UP SINCE AMERICAN MARKETS HAVE GIVEN A SHARP UP RISE.
50 DMA IS PLACED AT 4244. THAT WILL ACT AS A MAJOR SUPPORT IF THE MARKET TRADES ABOVE THAT.
NIFTY FUTURES HAS ALREADY RALLIED 348 POINTS IN THE LAST TWO TRADING SESSIONS.
TODAY THERE WOULD BE EXPECTATIONS FROM ALL TRADERS THAT WE MIGHT SEE A GAP UP SINCE AMERICAN MARKETS HAVE GIVEN A SHARP UP RISE.
50 DMA IS PLACED AT 4244. THAT WILL ACT AS A MAJOR SUPPORT IF THE MARKET TRADES ABOVE THAT.
BUT WHAT IS NIFTY FUTURES OPENS WITH A GAP OF 50 POINTS?????
IF NIFTY FUTURES GAP'S UP 50 POINTS THEN IT WOULD OPEN AT 4287 - 4290.
THE MAJOR RESISTANCE IS AT 4293.90
SO TAKE CARE BECAUSE ANY FURTHER UP TREND TO INITIATE WILL INITIATE ABOVE 4293.90 ONLY
IF NIFTY FUTURES OPENS ABOVE 4293.90 THEN THE SAME REGION OF 4293.90 WILL ACT AS A STRONG SUPPORT & BULLS WILL REMAIN ACTIVE ABOVE 4293.90 & THEN A FURTHER RALLY UP TO 4303 & 4337 IS EXPECTED.
IF NIFTY FUTURES GIVES A OPENING ABOVE THE LAST TARGET OF 4337, THEN IT WILL HAVE TO SUSTAIN ABOVE THE LAST TARGET OF 4337 AND THEREFORE THE PREVIOUS TARGETS OF 4303 - 4293.90 WILL ACT AS GOOD SUPPORTS AND THE RESISTANCES ABOVE THE LAST TARGET OF 4337 WOULD BE 4358 & 4380.
IN CASE NIFTY FUT OPENS ABOVE THE LAST TARGET OF 4337 THEN IT SHOULD NOT BREACH THE 4337 MARK OR ELSE IT WILL REVERSE ITS TREND DOWNWARDS TO HIT THE 4303 - 4293.90 ZONE.
IF NIFTY FUTURES GAP'S UP 50 POINTS THEN IT WOULD OPEN AT 4287 - 4290.
THE MAJOR RESISTANCE IS AT 4293.90
SO TAKE CARE BECAUSE ANY FURTHER UP TREND TO INITIATE WILL INITIATE ABOVE 4293.90 ONLY
IF NIFTY FUTURES OPENS ABOVE 4293.90 THEN THE SAME REGION OF 4293.90 WILL ACT AS A STRONG SUPPORT & BULLS WILL REMAIN ACTIVE ABOVE 4293.90 & THEN A FURTHER RALLY UP TO 4303 & 4337 IS EXPECTED.
IF NIFTY FUTURES GIVES A OPENING ABOVE THE LAST TARGET OF 4337, THEN IT WILL HAVE TO SUSTAIN ABOVE THE LAST TARGET OF 4337 AND THEREFORE THE PREVIOUS TARGETS OF 4303 - 4293.90 WILL ACT AS GOOD SUPPORTS AND THE RESISTANCES ABOVE THE LAST TARGET OF 4337 WOULD BE 4358 & 4380.
IN CASE NIFTY FUT OPENS ABOVE THE LAST TARGET OF 4337 THEN IT SHOULD NOT BREACH THE 4337 MARK OR ELSE IT WILL REVERSE ITS TREND DOWNWARDS TO HIT THE 4303 - 4293.90 ZONE.
ALL THE ABOVE MENTIONED TREND WOULD HAPPEN ONLY IF "NIFTY FUTURES OPENS IN A GAP UP"
IF NIFTY FUTURES DOES NOT OPEN IN A GAP UP THEN STICK TO THE REGULAR "DAILY INTRADAY TREND REPORT" THAT IS GIVEN IN EARLY POST.
IF NO GAP UP IS SEEN THEN THE 50 DMA OF 4244 WILL ACT AS A TREND DECIDER.
HAVE A NICE TRADING SESSION TODAY.
IF NIFTY FUTURES DOES NOT OPEN IN A GAP UP THEN STICK TO THE REGULAR "DAILY INTRADAY TREND REPORT" THAT IS GIVEN IN EARLY POST.
IF NO GAP UP IS SEEN THEN THE 50 DMA OF 4244 WILL ACT AS A TREND DECIDER.
HAVE A NICE TRADING SESSION TODAY.
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 16th JULY 2009
NIFTY FUTURES
NIFTY FUTURES HAS CLOSED AT 4237. THE 50 DMA IS PLACED AT 4244SO 50 DMA OF 4244 WILL ACT AS A MAJOR RESISTANCE.
SPOT NIFTY
NIFTY SPOT HAS CLOSED AT 4233.50 THE 50 DMA IS PLACED AT 4236SO 50 DMA OF 4236 WILL ACT AS A MAJOR RESISTANCE
UPWARD VIEW OF NIFTY FUTURES
“TREND DECIDER” FOR TODAY IS THE “50 DMA” THAT IS PLACED AT 4244.UPTREND ABOVE 4244 ONLY.
ABOVE THE “50 DMA” OF 4244 IMMEDIATE RESISTANCE IS PEGGED AT 4262-4269.
THE TREND IS LIKELY TO REVERSE FROM THIS REGION OF 4262 - 4269
SUSTAINING ABOVE 4262 -4269 WILL CARRY NIFTY FUTURES UPWARDS TO 4284 – 4293.90 ZONE.
"""""4293.90 IS A MAJOR RESISTANCE AND NIFTY FUTURES HAS A VERY BIG CHANCE OF REVERSING FROM THIS REGION"""""
IF NIFTY FUTURES MAKES A FIRM GROUND AND MANAGES TO HOLD ITSELF ABOVE 4293.90 THEN & ONLY THEN A FURTHER RISE UP TO 4303 – 4336.90 CAN BE EXPECTED.
4336.90 IS THE MAXIMUM FOR TODAYS INTRADAY SESSION.
DOWNWARD VIEW OF NIFTY FUTURES
4200 IS THE MAJOR SUPPORT ON THE DOWNSIDE.IF NIFTY FUTURES FAILS TO HOLD ABOVE THE 4200 MARK THEN IT CAN SLIP FURTHER TO 4184 – 4167.
1st BOUNCE BACK REGION IS PLACED AT 4167.
CRACK AT THE BOUNCE BACK REGION OF 4167 AND NIFTY FUTURES CAN SLIDE DOWN FURTHER TO 4143 – 4117 REGION.
YESTERDAY'S DAY LOW OF 4117 SHOULD IS A SIGNIFICANT SUPPORT FOR TODAYS INTRADAY SESSION.
A CRACK AT 4117 & NIFTY FUTURES WILL SLIDE DOWN FURTHER TO 4096 – 4075.
2nd & THE LAST BOUNCE BACK REGION IS PLACED AT 4075 & A CRACK AT 4075 WILL TAKE NIFTY FUTURES DOWN TO 4033.
NIFTY FUTURES
VERY VERY VERY IMPORTANT
KINDLY NOTE THIS DOWN ON A PIECE OF PAPER.
""""WE WANT A CONFIRMATION WHETHER THIS UPTREND WILL LAST FOR LONG OR IS THIS RISE IN NIFTY FUTURES IS A TEMPORARY PULL BACK???????"""""
THE REASONING FOR THE SAME IS MENTIONED BELOW. KINDLY NOTE IT DOWN, IT IS FOR THE NEAR TERM.
NIFTY FUTURES HAS NOW ENTERED “AN AREA OF CONGESTION”
AREA OF CONGESTION:- IT IS SAID BY THE DOW ANALYSTS THAT WHENEVER A PARTICULAR STOCK OR INDEX HAS A CLUSTER OF RESISTANCE’S ABOVE IT, IT IS NEARING AN “AREA OF CONGESTION”
FOR TODAY NIFTY FUTURES HAS 4 MAJOR RESISTANCES ABOVE IT, THEY ARE 4262/4269 & 4284 & 4293.90 & 4305
AMONG ALL THIS RESISTANCES THE 4269 & 4293.90 ARE THE CRUCIAL ONES.
"""""NIFTY FUTURES WILL HAVE AN UPTREND ONLY IF IT SUSTAINS & CLOSES ABOVE 4269 - 4294 OR ELSE THIS UPTREND CAN WITNESS A REVERSAL ON THE DOWNSIDE"""""
A MINIMUM CLOSE ABOVE 4262 IS A MUST SO THAT THE IMMEDIATE BOTTOM OF 3906 IS CONFIRMED AS A SUPPORT FOR THE NEAR TERM.
DO NOT TAKE THIS LIGHTLY, IT IS VERY IMPORTANT.
"""""NIFTY FUTURES WILL HAVE AN UPTREND ONLY IF IT SUSTAINS & CLOSES ABOVE 4269 - 4294 OR ELSE THIS UPTREND CAN WITNESS A REVERSAL ON THE DOWNSIDE"""""
A MINIMUM CLOSE ABOVE 4262 IS A MUST SO THAT THE IMMEDIATE BOTTOM OF 3906 IS CONFIRMED AS A SUPPORT FOR THE NEAR TERM.
DO NOT TAKE THIS LIGHTLY, IT IS VERY IMPORTANT.
Wednesday, July 15, 2009
Nifty levels for 15th july
4135-4162-4199--4303 (heavy sell) levels can face selling.
Supp are 4069-4048-4023-3984 .Strng mkts will not breach 4048.
Bad below 3984 close.
10 rules for multiplying personal wealth
10 rules for multiplying personal wealth
Rule 1: Be systematic, unemotional and diversified
This is the very first rule we touch on right from the beginning. There's a popular bumper sticker that says, "I'm spending my grandkids' inheritance." That whole idea just frustrates me. In some ways, our society's personality is such that if we can spend our money before we die, we've lived a great life. But you can't do that.
Rule 2: Never spend principal
That's the second rule. Inflation has gone above 10 per cent in the US economy five times, and I'd bet you it will happen again.
Rule 3: Never borrow money to buy a depreciating asset
Almost everybody does this at some point. But as soon as possible, and definitely by retirement, you have to get back to a cash basis. How many people know what a $30,000 car bought on credit costs them at age 25? In retirement dollars, at age 65 and assuming a hypothetical 10 per cent return, that financed car could cost as much as $11,314 a month in potential income. Forever!
So, do you or your children understand what an "investment" in a car really costs you? Yes, I know we all buy cars. But try to imagine what would happen if I got every 25-year-old to forgo just one car purchase and invest that same amount of money in their long-term retirement goals. What a huge difference that could make to their choices at retirement!
Rule 4: Never save money in a spending account
Keep separate bank accounts for saving and spending. You have to save in savings accounts. If you truly want those savings to grow, use an account that helps you leave the money at work, rather than a "slush fund" that's easy to dip into.People tell me they are saving $545 a month in an account. Yet when I ask them how much they have accumulated after seven years of doing this, their answer is often $1,123 because they spend out of that same account.
It is not a save-to-save account -- it's a save-to-spend account! If you know you're not naturally a disciplined saver, make it harder to get at the money. You'll be doing yourself a favor in the long run.
Rule 5: Use half, save half
Every time you pay off a debt, get a pay raise, get a bonus, or have any excess cash, have fun with half the money, and put the other half toward your long-term goals.This is one of the best rules, especially for younger people. By following this rule consistently, in ten years, most people are amazed at how much they can save.
Whether you save or not has nothing to do with how much money you make. Either you save or you don't. It's a habit. Make a habit of investing half of any windfall, big or small, right off the top.
Rule 6: Always use matching money
For example, your employer's 401(k) matching program (in India, the employer's matching Providend Fund Contribution, for example).Do whatever you must to take advantage of matched contributions in a retirement plan. You can't afford not to take the free money.
Hypothetically speaking, if you invest $100 take-home pay in a taxable investment (25 per cent tax on growth) at an assumed 10 per cent return, you would potentially have $135,586 in 30 years (sales charges and fees not included). If you put the same $100 into your 401(k) that is 100 per cent matched, now you have $150 a month saved because of the tax savings.
Meanwhile your boss adds $150 because of the match -- and it grows tax-deferred, too! Using the same hypothetical return scenario, we have $683,797 to live on -- five times as much wealth with the same work. Sometimes being smart with our money is a phenomenal advantage. This is a classic example of where investor behavior, not investment performance, makes a huge difference in your long-term wealth potential. You can hate your boss, or plan to quit, but you must take advantage of the matched money.
Rule 7: Do not spend more than you make
This should seem painfully obvious, but people often have no idea how much they're really spending and what relationship that has to how much they make.In making a budget people often cannot account for 30 per cent of the money they earn and where it goes.
If you are just a little more vigilant, you can significantly enhance your long-term ability to reach your goals. A budget doesn't happen by accident; it takes practice and is an ever-changing tool in our financial planning. Practice makes perfect. Although "perfect" is never the ideal word for a budget, it does have more meaning and usefulness the longer we practice its use.
Rule 8: Never leave undivided real property to joint beneficiaries
Lots of things are more important than money. Family is probably at the top of the list. If you want a vicious family feud on your hands, breaking this rule would be a great place to start.Imagine a farm that gets left to four sons: One has farmed it for 20 years; one is an environmentalist and wants it to be a park; one is broke and needs money; and one could not care less about it. Who will get wealthy from this plan? The attorneys. And the kids and grandkids will probably hate each other forever.
Remember that 'equal', 'equitable', and 'fair' are three different words with three totally different meanings.
Rule 9: Never name co-trustees or co-executors of your estate
This one goes right along with the undivided property rule above. Next to poor planning, litigation can be the biggest financial drain on an estate.Minimize the number of trusted decision-makers, and you'll reduce your chances for litigation. What's more, the entire process will be easier and more efficient with one decision-maker.
Rule 10: Above all --
--Be happy with what you have, and it will lead to both unbelievable financial success and personal (not mere financial) wealth!
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 15th JULY 2009
TODAY IS A VERY CRUCIAL DAY FOR NIFTY FUTURES.
IT IS A DO OR DIE SITUATION.
EITHER CLOSE ABOVE 4162 FOR FURTHER UPTREND.
OR BREACH 4047 ON A CLOSING BASIS FOR FURTHER DOWNFALL.
NIFTY FUTURES HAS CLOSED AT 4113.
""""4131 IS THE TREND DECIDER FOR TODAY'S INTRADAY SESSION""""
ABOVE 4131 IMMEDIATE HURDLE FOR NIFTY FUTURES IS PEGGED AT 4148.80
4148.80 WILL ACT AS A SMALL HURDLE AND NIFTY FUTURES CAN REVERSE FROM HERE
SUSTAINING ABOVE 4148.80 WILL TAKE NIFTY FUTURES TO ITS MAJOR HURDLE OR ITS MAJOR OBSTACLE AT 4162.
YES 4162 IS A VERY BIG HURDLE FOR THE NIFTY FUTURES.
"""""TODAY AND FOR THE REST OF THE WEEK IF NIFTY FUTURES HAS TO MAKE ANY FURTHER UP MOVE THEN IT HAS TO STRONGLY SUSTAIN OR CLOSE ABOVE THIS REGION OF 4162 WITH HUGE GREEN (BUY) VOLUMES""""""
FAILURE TO SUSTAIN ABOVE 4162 WILL LET THE BEARS COME BACK IN ACTION.
"""""IF NIFTY FUTURES MAKES A FIRM GROUND ABOVE 4162 THEN A FURTHER RALLY UP TO 4178 – 4207 IS EXPECTED ON CARDS"""""
4207 IS THE MAXIMUM FOR TODAY'S INTRADAY SESSION.
DOWNWARD VIEW OF NIFTY FUTURES
SINCE 4131 IS THE TREND DECIDER FOR TODAY’S INTRADAY SESSION. NIFTY FUTURES SHOULD VERY WELL TRADE ABOVE IT.
FAILURE TO TRADE ABOVE THE 4131 MARK WILL TAKE NIFTY FUTURES TO 4090.
4090 IS THE 1st CRUCIAL SUPPORT FOR NIFTY FUTURES.
A CRACK AT 4090 WILL TAKE NIFTY FUTURES TO 4077 – 4060 REGION.
4060 IS THE 1st BOUNCE BACK REGION.
EVERY TIME THE BOUNCE BACK REGION IS A CRUCIAL LEVEL FOR INTRADAY SESSION AND NIFTY FUTURES HAS TO BOUNCE BACK FROM THE BOUNCE BACK REGION.
FOR TODAY'S INTRADAY SESSION EVEN IF THE BOUNCE BACK REGION IS BREACHED, THE 4047 ZONE SHOULD NOT BE BREACHED AT ANY COST.
IF 4047 IS BREACHED THEN THE BEARS WILL HAVE AN UPPER HAND.
THEREFORE EVEN IF NIFTY FUTURES BREAKS 4047 IT SHOULD MANAGE TO ONCE AGAIN TRADE ABOVE THE 4047 REGION.
BELOW 4047 IMMEDIATE SUPPORT IS PEGGED AT YESTERDAY'S DAY LOW OF 4018.
NIFTY FUTURES SHOULD IN NO SITUATION CLOSE BELOW 4047.
A BREACH OF YESTERDAY'S DAY LOW OF 4018 WILL DRAG NIFTY FUTURES TO 4000 & 3982.
3982 IS 2nd & THE LAST BOUNCE BACK ZONE FOR TODAY’S INTRADAY SESSION.
IT IS A DO OR DIE SITUATION.
EITHER CLOSE ABOVE 4162 FOR FURTHER UPTREND.
OR BREACH 4047 ON A CLOSING BASIS FOR FURTHER DOWNFALL.
NIFTY FUTURES HAS CLOSED AT 4113.
UPWARD VIEW OF NIFTY FUTURES
""""4131 IS THE TREND DECIDER FOR TODAY'S INTRADAY SESSION""""
ABOVE 4131 IMMEDIATE HURDLE FOR NIFTY FUTURES IS PEGGED AT 4148.80
4148.80 WILL ACT AS A SMALL HURDLE AND NIFTY FUTURES CAN REVERSE FROM HERE
SUSTAINING ABOVE 4148.80 WILL TAKE NIFTY FUTURES TO ITS MAJOR HURDLE OR ITS MAJOR OBSTACLE AT 4162.
YES 4162 IS A VERY BIG HURDLE FOR THE NIFTY FUTURES.
"""""TODAY AND FOR THE REST OF THE WEEK IF NIFTY FUTURES HAS TO MAKE ANY FURTHER UP MOVE THEN IT HAS TO STRONGLY SUSTAIN OR CLOSE ABOVE THIS REGION OF 4162 WITH HUGE GREEN (BUY) VOLUMES""""""
FAILURE TO SUSTAIN ABOVE 4162 WILL LET THE BEARS COME BACK IN ACTION.
"""""IF NIFTY FUTURES MAKES A FIRM GROUND ABOVE 4162 THEN A FURTHER RALLY UP TO 4178 – 4207 IS EXPECTED ON CARDS"""""
4207 IS THE MAXIMUM FOR TODAY'S INTRADAY SESSION.
DOWNWARD VIEW OF NIFTY FUTURES
SINCE 4131 IS THE TREND DECIDER FOR TODAY’S INTRADAY SESSION. NIFTY FUTURES SHOULD VERY WELL TRADE ABOVE IT.
FAILURE TO TRADE ABOVE THE 4131 MARK WILL TAKE NIFTY FUTURES TO 4090.
4090 IS THE 1st CRUCIAL SUPPORT FOR NIFTY FUTURES.
A CRACK AT 4090 WILL TAKE NIFTY FUTURES TO 4077 – 4060 REGION.
4060 IS THE 1st BOUNCE BACK REGION.
EVERY TIME THE BOUNCE BACK REGION IS A CRUCIAL LEVEL FOR INTRADAY SESSION AND NIFTY FUTURES HAS TO BOUNCE BACK FROM THE BOUNCE BACK REGION.
FOR TODAY'S INTRADAY SESSION EVEN IF THE BOUNCE BACK REGION IS BREACHED, THE 4047 ZONE SHOULD NOT BE BREACHED AT ANY COST.
IF 4047 IS BREACHED THEN THE BEARS WILL HAVE AN UPPER HAND.
THEREFORE EVEN IF NIFTY FUTURES BREAKS 4047 IT SHOULD MANAGE TO ONCE AGAIN TRADE ABOVE THE 4047 REGION.
BELOW 4047 IMMEDIATE SUPPORT IS PEGGED AT YESTERDAY'S DAY LOW OF 4018.
NIFTY FUTURES SHOULD IN NO SITUATION CLOSE BELOW 4047.
A BREACH OF YESTERDAY'S DAY LOW OF 4018 WILL DRAG NIFTY FUTURES TO 4000 & 3982.
3982 IS 2nd & THE LAST BOUNCE BACK ZONE FOR TODAY’S INTRADAY SESSION.
Tuesday, July 14, 2009
Sensex n Nifty levels
Sensex (13400) Res 13549-13897-13959 & Sup 13219-13076.
Nifty (3974) Res 4003-4084-4114 & Sup 3918-3884.
NiftyFut (3965) Res 3990-4086-4129 & Sup 3905-3879.
STOCKWATCH FOR UPTREND =
BHEL, HCLTECH, HDFC, L&T, ONGC, TATAMOTORS, WIPRO.
Nifty levels for 14th july
Today 3959-3939 will be buy area.
Strong Markets will not break 3951 .
Above 3959 Nifty could test 4003 ( Monday 's high ).Further it could open for 4023-4061-4130
Nifty has support at 3919 ( Monday 's low ).Below it could open 3735 -3670
CUES AS ON 14TH JULY
CUES--
--Nifty July future discount decreased to 8 points so cost of carry increased.
--Nifty open interest decreased by 2 lacs suggests short covering. (Total OI now at 2.35cr)
--Nifty calls added 8 lacs and puts shed 3 lacs in open interest.
--Nifty open interest put-call ratio is at 0.81.
--3800 puts had open interest of 48 lacs and 4100 calls had open interest of 28 lacs, so 3800 and 4100 will be important levels to watch for.
--India VIX closed at 36.58 increased by 2% suggests instability.
-- dollar at 48.76 and crude at 60.24. Thats a space that need to be monitored. If we go back to 47 in dollar, then sentiments can change towards equity....
--Nifty July future discount decreased to 8 points so cost of carry increased.
--Nifty open interest decreased by 2 lacs suggests short covering. (Total OI now at 2.35cr)
--Nifty calls added 8 lacs and puts shed 3 lacs in open interest.
--Nifty open interest put-call ratio is at 0.81.
--3800 puts had open interest of 48 lacs and 4100 calls had open interest of 28 lacs, so 3800 and 4100 will be important levels to watch for.
--India VIX closed at 36.58 increased by 2% suggests instability.
-- dollar at 48.76 and crude at 60.24. Thats a space that need to be monitored. If we go back to 47 in dollar, then sentiments can change towards equity....
NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 14th JULY 2009
UPWARD VIEW OF NIFTY FUTURES
FOR TODAY 3978 HAPPENS TO BE THE TREND DECIDER FOR NIFTY FUTURES.
NIFTY FUTURES WILL HAVE TO SUSTAIN ABOVE 3978 & THEN ONLY IT CAN MOVE UP FURTHER.
SUSTAINING ABOVE 3978 WILL TAKE NIFTY FUTURES TO 3999 WHICH WILL ACT AS AN IMMEDIATE TREND REVERSAL FOR NIFTY FUTURES.
NIFTY FUTURES WILL HIT 3999 OR MAKE A MOVE PAST 3999 BUT UP TREND WILL BE SEEN ONLY IF MANAGES TO HOLD IT SELF ABOVE 3999.
IF NIFTY FUTURES MANAGES TO HOLD ITSELF ABOVE 3999, THEN AND ONLY THEN IT CAN MAKE A FURTHER RALLY UP TO 4021 – 4042.
DOWNWARD VIEW OF NIFTY FUTURES
SINCE NIFTY FUTURES HAS CLOSED ABOVE THE FRIDAY DAY LOW OF 3962.50 THE SAME REGION OF 3962.50 SHOULD NOT BE BREACHED,
3962.50 – 3958 REGION HOLDS MAJOR SIGNIFICANCE FOR THE BULLS.
BULLS WILL REMAIN ACTIVE ONLY IF NIFTY FUTURES MANAGES TO HOLD IT SELF ABOVE THE 3962.50 - 3958 MARK.
A CRACK AT 3962.5 – 3958 AND NIFTY FUTURES WILL SLIDE DOWN TO 3947 – 3935 REGION.
1st BOUNCE BACK REGION IS PLACED AT 3935 REGION.
FAILURE TO HIT BACK FROM 3935 & NIFTY FUTURES TO FURTHER SLIDE DOWN TO THE DAY LOW OF 3905.
IF TODAY'S DAY LOW OF 3905 IS BROKEN THEN A FURTHER FALL UP TO 3893 – 3879 NOT RULED OUT.
3879 COINCIDES WITH THE 200 M.A OF 3877 THAT IS PLACED ON THE WEEKLY CHART OF SPOT NIFTY.
THEREFORE THE SAME REGION OF 3879 – 3877 ALSO HOLDS CRUCIAL FOR NIFTY FUTURES.
THE 2nd & THE LAST BOUNCE BACK REGION IS ALSO PLACED AT THE 3879 – 3877 REGION.
FAILURE TO HIT BACK HARD FROM 3879 – 3877 WILL DRAG NIFTY FUTURES TO THE NEW LOW AT 3853.
A DOJI MADE IN OVERSOLD MKTS--13 july 2009
Sensex 13400
A Doji pattern made in falling trend in oversold markets
Mkts most likley will have confirmation of this in decisive pattern once is starts trading above 13600 on Tuesday
Mkts will open for 13942-14158-14506 (heavy Sell)
Weak markets will not cross 13942.
Seeing the fall and breadth mkts in this probable rally on Tuesday are unlikely to cross 14160 area.
If at all it trades above 14160 mkts will face heavy selling at 14500.
Markets would have to consolidate in the gap area for a reversal of current trend.
Strategy should be to buy above 13600 for above level mentioned and exit.
Monday, July 13, 2009
Nifty on closing - 13th july
1st TRADING DAY OF THE WEEK & SPOT NIFTY TAKE'S RESISTANCE AT 4004. NOT A GOOD SIGN THOUGH.
GOOD SIGN WAS THE 80 POINTS BOUNCE BACK FROM THE DAY LOW OF 3910 TO THE DAY HIGH OF 3990. THIS BOUNCE BACK WOULD BE WORTHLESS IF SPOT NIFTY DOES NOT CLOSE ABOVE 4004.
A FAILURE TO CLOSE ABOVE 4004 WILL TAKE SPOT NIFTY TO MEET 3877 i.e THE 200 M.A ON THE WEEKLY CHARTS.
GOOD SIGN WAS THE 80 POINTS BOUNCE BACK FROM THE DAY LOW OF 3910 TO THE DAY HIGH OF 3990. THIS BOUNCE BACK WOULD BE WORTHLESS IF SPOT NIFTY DOES NOT CLOSE ABOVE 4004.
A FAILURE TO CLOSE ABOVE 4004 WILL TAKE SPOT NIFTY TO MEET 3877 i.e THE 200 M.A ON THE WEEKLY CHARTS.
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