Global trends are mixed, With Asian market trading on the positive side, our market expected open flat and trade on the higher side during the morning session, and Selling pressure can be expected during the second session of trading.
The rally to continue till 3190,if nifty holds the 2960 level.
Technically nifty can take support at 2960/2920/2900 levels and resistance at 3030/3050/3100 for the day.
BSE, NSE Stock Ticker, India
Monday, March 30, 2009
Sunday, March 29, 2009
Market Out Look 30-3-2009
Market at overBought Zone
On weak global cues, our market too will open in the red with a down side gap of 30-40 points in nifty.
Nifty to face tough resistance at 3190 level, if closes above these levels and hold for next two treading sessions, then the next target for nifty will be 3450-3525 level in the coming days.
However market being in over bought zone can face resistance at 3160 levels and if nifty trades below 2960 levels then can come to 2500 levels in the next few trading sessions.
Traders need to be cautious at higher levels.
Technically for the day nifty can take support at 3060/3020/2960 levels and resistance at 3140/3160/3190 levels.
On weak global cues, our market too will open in the red with a down side gap of 30-40 points in nifty.
Nifty to face tough resistance at 3190 level, if closes above these levels and hold for next two treading sessions, then the next target for nifty will be 3450-3525 level in the coming days.
However market being in over bought zone can face resistance at 3160 levels and if nifty trades below 2960 levels then can come to 2500 levels in the next few trading sessions.
Traders need to be cautious at higher levels.
Technically for the day nifty can take support at 3060/3020/2960 levels and resistance at 3140/3160/3190 levels.
Thursday, March 26, 2009
Market Out Look 27-3-2009
With the mixed global trends, our market is expected to open flat and move upwards during the day, some kind of selling can be seen after the mid –session.
Over all still expect the rally to continue for some more trading session till it tests 3190 levels, Nifty to be in the range 2960-3190 levels, either side break will decide the market direction.
Technically today nifty can take support at 3020/2960/2910 and resistance at 3125/3165/3190.
Over all still expect the rally to continue for some more trading session till it tests 3190 levels, Nifty to be in the range 2960-3190 levels, either side break will decide the market direction.
Technically today nifty can take support at 3020/2960/2910 and resistance at 3125/3165/3190.
Wednesday, March 25, 2009
Market Out Look 26-3-2009
With the positive global trend, our market will too open at higher levels, being settlement in F & O, market to be volatile for the day.
I expect the current rally in the market to stay for some more session.
As earlier said that, if nifty holds above 2960 levels, then expect the nifty to touch 3190 levels in the coming days.
Technically today nifty can take support at 2960/2930/2880 levels and resistance at 3030/3060/3085 levels.
I expect the current rally in the market to stay for some more session.
As earlier said that, if nifty holds above 2960 levels, then expect the nifty to touch 3190 levels in the coming days.
Technically today nifty can take support at 2960/2930/2880 levels and resistance at 3030/3060/3085 levels.
Tuesday, March 24, 2009
market Out Look 25-3-2009
With the mixed global cues, our market is expected to open flat with negative trend at closing.
Volatility is expected in the market due to settlement tomorrow.
Cautious to be maintained in the mid cap stocks as it has risen sharply.
Nifty to face strong resistance at 2961 level, if holds and closes above this level, then expect further rally in the market till 3190 levels, a close below 2961 will take the nifty to 2750 level.
Technically for the day nifty to take support at 2910/2880/2850 levels and resistance at 2960/2980/3015 levels.
Volatility is expected in the market due to settlement tomorrow.
Cautious to be maintained in the mid cap stocks as it has risen sharply.
Nifty to face strong resistance at 2961 level, if holds and closes above this level, then expect further rally in the market till 3190 levels, a close below 2961 will take the nifty to 2750 level.
Technically for the day nifty to take support at 2910/2880/2850 levels and resistance at 2960/2980/3015 levels.
Monday, March 23, 2009
Market Out Look 24-3-2009
With positive global cues, there will be a strong opening with up side gap and expected to remain positive for the day with some volatility during the mid- session.
Expect this rally to continue for next few trading sessions, Nifty to touch 3190 levels in the coming days provided it holds 2960 level.
Technically for the day nifty will have support at 2930/2905/2880 levels and resistance at 2980/3015/3030 levels.
Expect this rally to continue for next few trading sessions, Nifty to touch 3190 levels in the coming days provided it holds 2960 level.
Technically for the day nifty will have support at 2930/2905/2880 levels and resistance at 2980/3015/3030 levels.
Sunday, March 22, 2009
Market OutLook 23-3-2009
The global cues are mixed with the Us market ended in red on Friday, were as the Asian markets today are trading on the positive side and our markets too will follow the Asian market will open on the higher side.
Expect some kind of volatility after the Mid –Session.
The stimulus package given by the some of the Asian countries is turning to be positive; China GDP is expected to be round 8% in he next year.
Our markets are range bound, Nifty is trading between 2570 –2830 levels for the last few trading sessions either side breakout will only can give the future direction of the market.
Technically today nifty can take support at 2786/2770/2750 and resistance at 2830/2860/2890.
If Nifty closes above 2830 level then the target for nifty is 2960 level.
Expect some kind of volatility after the Mid –Session.
The stimulus package given by the some of the Asian countries is turning to be positive; China GDP is expected to be round 8% in he next year.
Our markets are range bound, Nifty is trading between 2570 –2830 levels for the last few trading sessions either side breakout will only can give the future direction of the market.
Technically today nifty can take support at 2786/2770/2750 and resistance at 2830/2860/2890.
If Nifty closes above 2830 level then the target for nifty is 2960 level.
Thursday, March 19, 2009
Market OutLook 20-3-2009
With the negative global cues, our market will open flattish to bit negative and trade lower for the day, expect high volatility in few scrip’s due to increase in margin.
Until the market trades between 2750- 2830 levels, It’s very difficult to predict the market direction, but over all I am bearish in the coming days ahead the settlement and the general election, Look very difficult for this current rally to sustain at higer levels.
Today technically nifty can take support at 2770/2750/2730 levels and has resistance at 2815/2830/2850 levels.
On the lower side 2730 level will have a strong support and on the higher side strong resistance at 2830 levels.
Until the market trades between 2750- 2830 levels, It’s very difficult to predict the market direction, but over all I am bearish in the coming days ahead the settlement and the general election, Look very difficult for this current rally to sustain at higer levels.
Today technically nifty can take support at 2770/2750/2730 levels and has resistance at 2815/2830/2850 levels.
On the lower side 2730 level will have a strong support and on the higher side strong resistance at 2830 levels.
Wednesday, March 18, 2009
Market OutLook 19-3-2009
As the global cues are with mixed trends, The US markets were up and today the Asian markets are trading weak, Our markets are expected to open flat and trade on the higher side and shall give a clear direction once the European markets are opened.
As long as nifty dose not break and closes below the 2750 levels no need to worry, at the same time it is unable to sustain the 2830 levels.
The above two levels are the trend deciders for the market.
Today nifty can technically take support at 2750/2720 /2700 levels and resistance at 2805/2820/2840 levels.
As long as nifty dose not break and closes below the 2750 levels no need to worry, at the same time it is unable to sustain the 2830 levels.
The above two levels are the trend deciders for the market.
Today nifty can technically take support at 2750/2720 /2700 levels and resistance at 2805/2820/2840 levels.
Tuesday, March 17, 2009
Market to rally further
Wedesday,18 march 2009:
On the strong global cues our market will open on the higher side and can trade higher for the entire dayand some kind of selling can be seen in the second session, If holds the 2750 levels then no need to worry, I hope it will not break these level.
As nifty has closed above the 2750 levels which is a good sign for the rally to continue further..
Today nifty can technically get support at 2750/2730 levels and have resistance at 2800/2820 levels for the days, If hold the 2830 levels fresh rally can be seen till 2950 levels in the next two days.
On the strong global cues our market will open on the higher side and can trade higher for the entire dayand some kind of selling can be seen in the second session, If holds the 2750 levels then no need to worry, I hope it will not break these level.
As nifty has closed above the 2750 levels which is a good sign for the rally to continue further..
Today nifty can technically get support at 2750/2730 levels and have resistance at 2800/2820 levels for the days, If hold the 2830 levels fresh rally can be seen till 2950 levels in the next two days.
Monday, March 16, 2009
Market OutLook 17-3-2009
On global cues our market can see some kind of selling in the first session of trading. If Nifty holds 2750-2730 levels then no need to worry for the bulls on the upper side it will face resistance at 2800-2830 levels, above 2830 no short position please as Nifty can move to 2915 levels. Traders have to be cautious on the higher side.
Friday, March 13, 2009
Rally may not continue for long..
Our Markets are moving up for the last two days backed by the positive global cues and due to the short covering of the huge short position ahead of the F & O settlement.
I don’t expect this last rally to continue for more then next two –three trading session, If Nifty holds 2730 on Monday, then we can see another 100 points rally and will face strong resistance at 2820 levels.
As there is no much changes in the macro levels either global or domestic wise. The further weakening of rupee and FII outflow will be a major concern in the coming days.
As long as Nifty holds 2500 levels nothing to worry, If Nifty dose not respect this levels then it can come down to 2200-1850 levels and at these levels investors can start picking up quality stocks and hold it for the next three years to get a return of 200-300%.
I don’t expect this last rally to continue for more then next two –three trading session, If Nifty holds 2730 on Monday, then we can see another 100 points rally and will face strong resistance at 2820 levels.
As there is no much changes in the macro levels either global or domestic wise. The further weakening of rupee and FII outflow will be a major concern in the coming days.
As long as Nifty holds 2500 levels nothing to worry, If Nifty dose not respect this levels then it can come down to 2200-1850 levels and at these levels investors can start picking up quality stocks and hold it for the next three years to get a return of 200-300%.
Wednesday, March 11, 2009
Market OutLook 12-3-2009
Market to open with a big gap on the higher side. As global cues are pointing to positive bias for the last two days, our market is expected to do well today.
Selling is the best option at higher levels.
The real trend will be known once the IIP and Inflation data are released today.IIP data may not be favourable.
Technically Nifty may have resistance at 2650/2680/2710 levels and support at 2530/2510/2485 levels for the day.
If Nifty breaks below 2500 levels, further weakness is expected in the short term and Nifty can go down to2200 and then 1850 levels in the coming days. At 1850 bargain hunting can be done for long term.
Selling is the best option at higher levels.
The real trend will be known once the IIP and Inflation data are released today.IIP data may not be favourable.
Technically Nifty may have resistance at 2650/2680/2710 levels and support at 2530/2510/2485 levels for the day.
If Nifty breaks below 2500 levels, further weakness is expected in the short term and Nifty can go down to2200 and then 1850 levels in the coming days. At 1850 bargain hunting can be done for long term.
Sunday, March 8, 2009
Market OutLook 9-3-2009
Market is expected to open weak and trade weak for the day. short covering can come in mid session.market being closed for the next two days traders should be cautious at higher levels.
For the days Nifty can take support at 2600 and 2584 levels and resistance at 2650 and 2680 levels.
If Nifty breaks below 2584 levels free fall till 2500 levels. Nifty heading towards 2200 in short term.
For the days Nifty can take support at 2600 and 2584 levels and resistance at 2650 and 2680 levels.
If Nifty breaks below 2584 levels free fall till 2500 levels. Nifty heading towards 2200 in short term.
Thursday, March 5, 2009
Market OutLook 6-3-2009
Market will open weak and expected to be trade weak for the day. Avoid any long position, Sell at very rise. Looks Nifty is heading towards 2200 levels in the coming days.Traders be cautious and investors can avoid the market for time being
Today technically Nifty will take support a 2526 and 2495 levels and resistance at 2628 and 2660 levels.
Today technically Nifty will take support a 2526 and 2495 levels and resistance at 2628 and 2660 levels.
Wednesday, March 4, 2009
Market OutLook 5-3-2009
The rebound in US market and the RBI’s repo and reverse repo cut to have positive impact on our market and should open on the slight higher side.
The Asian market, which opened firm, has shed its early gain. Our market is expected to be firm for the day, but higher level cautious is advice.
Today technically Nifty will take support at 2620 and 2590 levels and resistance at 2660 and 2688 levels, if breaks this levels can try to touch 2718 levels.
The Asian market, which opened firm, has shed its early gain. Our market is expected to be firm for the day, but higher level cautious is advice.
Today technically Nifty will take support at 2620 and 2590 levels and resistance at 2660 and 2688 levels, if breaks this levels can try to touch 2718 levels.
Tuesday, March 3, 2009
Market OutLook 4-3-2009
Market is expected to open flat or slightly on the higher side and will be volatile for the day. Huge short covering is expected in large cap stocks. Traders should be cautious on the sell side.
Nifty has crucial support at 2610 levels, if Nifty holds this levels then we may see the recovery up to 2720 levels, If Nifty support of 2610 breaks then panic selling can be seen.
Today technically Nifty will have a support at 2610 and 2590 levels and resistance of 2660 and 2690-2720 levels and for the days nifty can end in plus.
Nifty has crucial support at 2610 levels, if Nifty holds this levels then we may see the recovery up to 2720 levels, If Nifty support of 2610 breaks then panic selling can be seen.
Today technically Nifty will have a support at 2610 and 2590 levels and resistance of 2660 and 2690-2720 levels and for the days nifty can end in plus.
Monday, March 2, 2009
Market OutLook 3-3-2009
On global cues our market is expected to open in red. Some kind of short covering is expected in the mid session, but will not be able sustain. Traders can sell on very rise with strict stop loss.
Technically Nifty can take support at 2630and 2610 levels, below 2600 it can further weaken to 2582 levels and resistance is at 2700 and 2728 levels, and market may end in red.
In the coming days if Nifty trades below 2500, then sharp fall is expected and can touch 2210 and then 1980 levels in short term
Technically Nifty can take support at 2630and 2610 levels, below 2600 it can further weaken to 2582 levels and resistance is at 2700 and 2728 levels, and market may end in red.
In the coming days if Nifty trades below 2500, then sharp fall is expected and can touch 2210 and then 1980 levels in short term
Sunday, March 1, 2009
Market OutLook 2-3-2009
The way global markets are falling, we will see a gap downside opening today. Expect huge volatile due to the RIL –RPL merger, this is what they have been doing in the past and it is not new to Reliance. But this merger looks something fishy. Initially this will help RIL. Technically today Nifty will take support 2675 and 2640 levels and resistance at 2760 and 2790 levels. If Nifty breaks below 2635 expect further fall till 2580 levels.
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