NIFTY View and Short term tips

Last week the markets were good.
A bit more gains can be expected from the Indian Stock Markets.
Our target for NIFTY is 4900.
I am bullish on Indian Economy but the market sentiments depend on the whole world.

Last week Oil India's IPO was over subscribed 31 Times. Has the time changed ?

Short Term Ideas :

Apollo Tyres : Buy above 44 for targets of 48 - 50. SL of 42

RNRL : Buy above 88 for targets of 92 and 94. SL of 86

Rajesh Export : Buy above 63 for targets of 66 and 69. SL of 61

Happy Investing!

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Boom boom boom : Nifty looks strong | Weekly technical analysis.

NIFTY Showing some amount of strength.
The global cues are looking positive.

NIFTY Technicals :
NIFTY TRIN at 1.321
NIFTY Range - Between 4400 - 4850

Current Spot - 4636.5
Support - 4580 and 4505
Resistance - 4695 and 4790
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4750.



NIFTY Autogenerated technical analysis.

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NIFTY Weekly Technical Analysis.

Last week we saw NIFTY Zooming up !
Companies are declaring good results.

Last week we saw NIFTY in bullish mode.
NIFTY gained over 10 % in a week
FII's participation was moderate.
NIFTY TRIN at 0.372
NIFTY Range - Between 4410 and 4750

Current Spot - 4568
Support - 4450 and 4390
Resistance - 4695 and 4785
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Chart :


Check NIFTY Autogenerated Technicals.

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NIFTY Technical analysis | Post Budget.

After budgets we have witnessed a huge fall on the Indian Stock markets. The fundamentals didn't support after budget.

Now every one have reduced the rating for the markets. Every one is predicting the markets to further fall down.

Last week NIFTY closed at 4003.9 just managed to sustain the 4K level.
NIFTY TRIN at 1.631
NIFTY Range - Between 3820 to 4185


Current Spot - 4003.9
Support - 3910 and 3805
Resistance - 4102 and 4221
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4100.

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NIFTY Weekly technical analysis.

A bad week indeed for the Indian Stock markets characterized by high volatility and bad global sentiments.

Last week we saw NIFTY bearish mode.
Last week NIFTY closed at 4586 and this week at 4274.05 a negative movement.
FII's participation was moderate.
NIFTY TRIN at 0.457
NIFTY Range - Between 4185 to 4421

Current Spot - 4274
Support - 4190 and 4105
Resistance - 4359 and 4480
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Targets on the upside for short term - 4620 and 4670

Chart :



NIFTY Auto generated technicals.

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NIFTY Technical analysis : Wekly Show.

Last week we saw volatility in the Indian stock markets. NIFTY was highly volatile.

The trend signifies NIFTY is in uptrend.
The market sentiments are positive.
Turnover have increased drastically. FII's have started buying, one positive factor which will pull up the markets in short term.

Last week NIFTY closed at 4586 and this week at 4583.4 a flat ending.
NIFTY TRIN at 1.52
NIFTY Range - Between 4420 to 4685

Current Spot - 4583.4
Support - 4495 and 4392
Resistance - 4660 and 4705
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4650 and 4740.



The next U turn in the markets can be seen after the forthcoming budget.

NIFTY Auto generated Technical analysis.

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Short covering and upside : NIFTY levels for 5th June.

We saw a U turn in todays markets. Markets opened negative and entered in positive zone. Stared red ended green.
Traders got good returns today.

NIFTY Looks over brought.
NIFTY Trin at 0.634

NIFTYlogy :
Current spot - 4572.65
Support - 4489.9 and 4407.3
Resistance - 4618.65 and 4664.8

Buzzing Stocks : RNRL, Cairn India, LNT, Reliance Industry, RPower and will update more tomorrow morning.

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NIFTYlogy for 3rd June

Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.
Profit booking was seen at higher levels.
Most of the Asian markets ended negative.
Markets are looking heavily overbought.

NIFTY Trin - 1.694
Nature - Overbought

NIFTY Levels for 3rd June :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656

Stocks looking strong for short term : HCC , LNT, RNRL, Cairn India and Hotel Leela.

Get daily NIFTY Auto generated technical analysis.

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Higher opening and volatile trade, ends with moderate gains.

The day started off with a gap up opening and ended with some moderate gains.
FII ended as net buyers.
Asian markets were trading higher and ended higher.
Mid caps were trading higher.

NIFTY magic levels :
NIFTY Spot - 4529.9
Support - 4471.10 and 4413.55
Resistance - 4566.7 and 4603.25

NIFTY Auto generated technical analysis.

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NIFTY Weekly technical analysis.

The UPA victory gave a sharp movement in the markets. Couple of upper circuits and the markets were hardly open for 50 seconds on Monday.
Tuesday we saw a record turnover also witnessed by profit booking.
NIFTY Looks over brought. High volatility expected in the markets in the coming week.

Last week we saw NIFTY zooming up.
Last week NIFTY closed at 3671 and this week at 4238 a vary major gain. (In fact the maximum gain ever)
FII's participation was excellent.
NIFTY TRIN at 1.184
NIFTY Range - Between 4050 to 4400

Current Spot - 4238.50
Support - 4150 and 4080
Resistance - 4325 and 4390
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Targets on the upside for short term - 4350 and 4500.

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NIFTY , Gain's , UPA and Profit booking.

Yesterday we saw the Indian Markets moving north. Today we started off in red and later the markets started picking up. Markets were up over 600 points on BSE before it witnessed profit booking ending up in red.

Volatility was very high.
The total turnover was remarkable. Over 1.4 lakh crores.

NIFTY Overall mode is Bullish.
NIFTY Trin at 0.65

NIFTY logy -
Current Spot - 4318.45
Support - 4150 and 4020
Resistance - 4490 and 4580

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NIFTY Weekly Technical Analysis

Basically the win of Congress will surely take the markets up this Monday. It would not be influenced by more of technicals and global markets.

Last week we saw NIFTY was in a range bounded mode.
Last week NIFTY closed at 3620 and this week at 3671 a minor gain.
FII's participation was good.
NIFTY TRIN at 0.748
Over all Nifty is Range Bounded. But bullish for Monday.
NIFTY Range - Between 3500 - 3750.

Monday expect a gap up opening.

Current Spot - 3671.35
Support - 3610 and 3545
Resistance - 3735 and 3795
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Happy Investing

NIFTY Auto generated Technical Analysis.

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NIFTYlogy for 15th May.

Today we saw a gap down opening in the Indian Stocks markets due to bad global cues.
NIFTY is all depended on two factors -

1. Global Cues.
2. Election results.

Volatility is expected to be high due to forth coming election results on 16th May.

NIFTY TRIN at 1.016

NIFTY magic levels
Current Spot - 3593.45
Support - 3540 and 3505
Resistance - 3631 and 3687

Action - Bearish.

Do not over trade.

NIFTY Auto Generated technicals.

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NIFTYlogy for 13th May.

NIFTY gave an excellent gain even after the bad IIP data.
Large caps gave excellent returns.
NIFTY broke the first resistance and rallied towards the second resistance.
Now NIFTY seems to be in a bullish mode.

NIFTY TRIN at 0.446

NIFTY magic levels
Current Spot - 3681.1
Support - 3646.20 and 3610
Resistance - 3704 and 3734

Action - Wait and Watch.

NIFTY Auto generated Technicals.

Happy Investing!

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NIFTYlogy for 12th May

We saw today the markets coming down.
I said in my earlier post that we may see a volatile section today.
We saw major Index stocks falling down.
US markets have opened lower. Europe is also trading negative.
So again a volatile day for NIFTY tomorrow.

NIFTY magic levels
Current Spot - 3554.60
Support - 3505 and 3470
Resistance - 3590 and 3645

Over all mode range bounded.
Event to wait for is release of IIP data and Election results this week end.

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NIFTYlogy for 11th May.

We saw that NIFTY is in a bullish mode.
NIFTY gave huge returns over nine weeks.
We may see rally on Monday.
We may see a bit volatility.
FII inflow in the last week was tremendous.

NIFTY magic levels
Current Spot - 3620.70
Support - 3585 and 3520
Resistance - 3680 and 3745

Stocks to watch out for in the coming week Click HERE.

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NIFTY Weekly Technicals.

Last week we saw NIFTY was in a range bounded mode. Volatility was seen. Followed by many holidays n markets.
Last week NIFTY closed at 3480 and this week at 3473 a flat one.
FII's participation was good. This participation can be reduced due to Swine Flu fear.
NIFTY TRIN at 0.42
Over all Nifty is Range Bounded.
NIFTY Nature - Wait.

Support - 3390 and 3341
Resistance - 3510 and 3585
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Nifty closed marginally in the red after a volatile start to the week. The index could move higher to 3487 or 3517 next week. If there is a close above the second target, it would usher in a rally to 3572. Supports for the week would be at 3300 and 3170. Short-term traders can continue to buy in declines as long as the index trades above the first support.

Medium term view for Nifty stays positive and a close below 3170 is required to signal a medium-term trend reversal.

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NIFTY Weekly technical analysis.

Last week we saw NIFTY was in a range bounded mode. Average uptrend was seen. Followed by strong global cues.
Last week NIFTY closed at 3384 and this week at 3480 an increase of 100 points odd. A good one.
FII's participation was good.
The week was followed with good global cues and also good local cues. (Rate Cut by RBI)
NIFTY TRIN at 1.331
Over all Nifty is Range Bounded.
NIFTY Nature - Wait and Watch

Support - 3236 and 3170.
Resistance - 3550, 3636 and 3684.
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

The short-term trend in the Nifty too is sideways between 3300 and 3500. Short-term traders can buy in declines with a stop at 3250. Upper target on a break-out above 3500 are 3550, 3636 and 3684. Supports for the week would be at 3236 and 3170.

A close below 3170 would be the first indication of a medium term trend reversal. As explained earlier, a strong counter-trend rally is in force since 2539. The first target for this move lies between 3480 and 3680. If this zone is crossed, the next target zone is around 3820.

NIFTY Auto generated EOD Technicals.

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NIFTY Weekly technicals.

Last week we saw NIFTY was in a range bounded mode. Average uptrend was seen. Followed by strong global cues.
Last week NIFTY closed at 3342.05 and this week at 3384 an increase of 40 points odd. A moderate one.
But we saw sell off's coming from higher levels.
FII's participation was good.
The week was followed with good global cues and also good local cues.
NIFTY TRIN at 0.484
Over all Nifty is Bullish.
NIFTY Nature - Wait and Watch

Support - 3310 and 3245
Resistance - 3420 and 3510
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Nifty made an attempt to climb above 3500 before a mild correction set in. It is difficult to determine if the movement over the last three sessions is a terminal corrective or a running correction. According to both the counts, sharp moves can be expected in the week ahead. As explained before, if the move from the 2539 low is the B wave of a long-term bear market, its first targets would lie in the zone between 3480 and 3680.

Since Nifty is already at this zone, it would do to stay extra vigilant.

The short-term trend however continues to be up and traders can buy in declines as long as the index holds above 3300. A firm close below 3100 is needed to indicate that the medium-term trend is reversing lower. Upper targets for the week are 3550 and 3684.

NIFTY Auto generated EOD Technicals.

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NIFTY Weekly Technical Analysis.

Last week we saw NIFTY was in a bullish mode. A good uptrend was seen. Followed by strong global cues.
Last week NIFTY closed at 3211.05 and this week at 3342.05 an increase of 130 points odd. A good one.
The week was followed with good global cues and also good local cues.
NIFTY TRIN at 0.566
Over all Nifty is Bullish.
NIFTY Nature - Heavily Over Bought

Support - 3150 and 3100
Resistance - 3425 and 3510
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Nifty recorded the intra-week peak at 3401 and ended with a 131 points gain. The doji formation in the daily chart and the halt below the 200-day moving average at 3441 implies indecision in the short-term. A short-term correction can pull the index down to 3234 or 3131. Fresh longs should be avoided on a decline below the first support. Medium-term view will, however, turn negative only on a close below 3000.

Immediate targets for the current rally are 3326 and 3450. If there is a vertical break-out above 3450, next target would be 3911. However, targets for the B wave of the long-term down-move from the 6357 peak are 3680 and 4050. These could be the ceiling for the index for this calendar.

NIFTY Auto generated EOD Technicals.

Chart -

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