Nifty is trying to break 200 day line now but 5550 will be a strong support.  Next target will be 350 points up side before further fall?.  The final 5th wave downwards will start. Final target may be 5350 in February 2nd week.

Nifty is trying to break 200 day line now but 5550 will be a strong support.  Next target will be 350 points up side before further fall?.  The final 5th wave downwards will start. Final target may be 5350 in February 2nd week. 

Nifty bounced up from the days low 5711 to 5863. It shows that nifty took support at 5700 zone. FII data is long in stocks futures and short in index futures.  Nifty future should cross 5960 then only confident of run up. Otherwise, simply nifty may be at 5600 at 200 day sma/ ema lines. Even 5550 is to be seen.

Nifty is falling now.  The supports are 6080-5960 and if falls the target will be 5725 to touch or break further.

Nifty swings for January 2011

Nifty is expected to swing between 6300-6000-5900.
No major buildup of open interest till now. So if first nifty comes down the build up makes the market to new highs. Else short at 6250-6300 zone for 250 to 300 points profits.
Tata motors 1300-1200 but 1350 will be a danger zone.
Tata steel 700-640 but possibility to go up to 740.

Day trend  is bullish at least for three to 4 days but the nifty future support is 6080. So let us expect nifty future to move between 6080-6280 for this week. If nifty future breaks 6080 target 6000-5980.

HAPPY NEW YEAR 2011.

I WISH YOU ALL A VERY HAPPY NEW YEAR WITH ALL ROUND DEVELOPMENT AND PROGRESS.

Nifty for 08122010: Nifty falls below 5950 once and for closing recovered very well but closed in red.  Nifty open interest was down by 9.9 lakhs means the confirmation of no long. FIIs sold in all the segments. US markets also lost the opening steam. Asian markets are flat. Nifty is expected further down today. If not go long above 6000 and stop loss is same.

Nifty for 07122010: Nifty yesterday opened up and traded higher and future reached to a high of 6094. A bullish breakout. Means markets have to go up and reach 6250 but this steam was lost in the after noon trading and nifty closed flat with a red colour. Nifty future shed open interest a little bit means weakness. FII sold in cash, F&O index futures, but bought in cash futures. US markets covered the fall and closed flat. Now Asian markets are flat to red.  Nifty if falls now means medium to long term fall. If nifty breaks 5950 a fall that may result in breaking of 5700 and to a first target of 5555. 

Nifty for 06122010: Nifty closed in this week at 5992 showing a bullish candle on weekly chart. OK. FII data is positive in cash/F&O. Global cues are flat to positive. But, the last two days of the week is consolidation at higher levels. And the nifty open interest is down by 1.13 lakh shows that the steam is less now. The market is at resistance zone.

Hence, if nifty falls below 5950 the markets may be in bear grip for the medium term (which may lead to long term) until nifty corrects 20% from top. This may take to 2 months or more. But, if nifty breaks resistance zone 6050-6070 we may see 6250 surely. We may think for a down swing at the top levels.

Nifty for 30112010:
As per 29th Nove trading nifty took a bounce from the fall closed at 5830. Good trading.

• Nifty future added 3+ lakhs.
•  FII data bought in cash, index future, stocks futures.
•  US markets are falling and fall further???.

 In a falling market nifty has to bounce up to 5960 and fall further by facing resistance lines around 6000 +/-20 points on eod charts. This is expectation as of now. But if there is any strong news +ve from Govt market has to continue upward journey.  As  seen from the 2 G/Bribe for Loan scams  the medium term down trend is already set that may fall up to 5550-5450-5150 which may run for few months???

Nifty : nifty future short below 5800 stop loss is same. Long if market is in green and stop loss is 5800 future.

Nifty won't fall below 5800 as of now. The December series will be in between 5800-6000. Will nifty breaks the range in either direction? One has to wait and see. The settlement today may be in between 5850-5950.

Nifty for 23112010: nifty future will open in red because of global -ve cues. Support 5960 and target most possibly for this settlement 6109. Trade in between. As per data up to this day December settlement will be in red.

For 18112010:

Nifty future levels bullish above 6100
downward target (if nifty future is in red) 5830 5800.

HAPPY DIWALI

EAST OR WEST INDIA IS THE BEST

PUT OR CALL PROFIT SHOULD FALL into your pocket.

New SAMVAT will fetch you more profits.  Expected the SENSEX to move up to 24000 before a big correction to 18000. Then finally we may see 30000 and above after 2 years.  Wish you all success on the EVE of SAMVAT  to SAMVAT trading.    balaji....  

Weekly pivot

S 2               S 1                Pivot            R 1              R 2
5898.60    5980.60       6132.35        6214.35      6366.10

For 25-10-2010 Nifty future go long above   6096  <<<  Short below  6065    >>>     6003.


Tata steel:         633   <<<<   622   >>>>  615


Tata motors:   1155  <<<<    1133     >>>>1113


TCS:  now in long  stop loss 979  >>>    short>>>  959>>>>   944 

Over all market is in danger, one has to check nifty to takes support at 6060/5960. Go long only after nifty crosses 6150 or after strong bounce from 5960.

FII data sold in cash first time in the near term, sold in F&O.

For monday trade: go long in nifty above 6150 but short term trend is down target 5960.
Tata steel go short if breaks 630 target 590 short term trend is down.
Tata motors not long but short below 1150 target 1110.
TCS no long but go short below 950 target 915 and 900.

FII data : bought in cash and sold in index and stocks futures continuously.

For 15-10-2010: Nifty below 6130 short (most possible trend) for a target 5960. For all longs stop loss is 6130. Short only below 6130 nifty.

Tata motors:  Trend is long and short only below 1183 target 1148.

Tata steel: Trend is long and short only below 644 target 619 and below.

As the market is falling from over bought zone of RSI it is expected a dangerous down swing targeting nifty 5960 except a bullish view for the sake of Coal India IPO.

coal india ipo and what is to markets?

Nifty is in small falling channel and the range for the week is 6030 to 6140-6160. If nifty crosses the limits markets move in that direction. Target new high in the forth comming week?? Let us wait and see.

An opinion for nifty settlement !!!!

Nifty may correct from 6115-6120 to 5940-5825 for settlement.