As nifty is unable to sustain the 3450 levels further weakness can be seen in today’s trading and strong support for nifty is at 3300, a break below 3300 can take nifty down to 3250 levels.
Huge volatility is expected being the settlement day in F & O, traders are advised to be cautious at higher levels and has to book profits at regular intervals.
Nifty to trade in the range of 3190-3450 in the next few trading session, A break either side will give a new direction to the market.
The 3250-3190 level can be considered as a buying opportunity in the large cap stocks.
Buying opportunity can be seen in Fertilizer stocks at lower levels. Watch for chambal and Nag fert for short-term gains and buying is seen idea cell.
Technically nifty can take support at 3325/3305/3255 and resistance at 3390/3410/3440 for the day.
BSE, NSE Stock Ticker, India
Tuesday, April 28, 2009
Monday, April 27, 2009
Market Out Look 28-4-2009
Market to open flattish on mixed global cues with a negative bias and can recover from the lower levels for the day. Expect huge volatility ahead of F & O expiry on Wednesday.
As Nifty is trading above the 200 DMA for the last two trading session and can test the 3580 and then the 3800 in the coming days, If nifty trades below 3300 weakness is expected and can test 3190.
Buy on dips will the best strategy in this current market conditions with a stop loss of 3300 levels. Profit booking has to be done at regular intervals.
Watch out for Banking and Power stocks for today trade.
Technically nifty to take support at 3450/3420/3380 and resistance 3490/3520/3580 for the day.
Have a nice trading Day.
As Nifty is trading above the 200 DMA for the last two trading session and can test the 3580 and then the 3800 in the coming days, If nifty trades below 3300 weakness is expected and can test 3190.
Buy on dips will the best strategy in this current market conditions with a stop loss of 3300 levels. Profit booking has to be done at regular intervals.
Watch out for Banking and Power stocks for today trade.
Technically nifty to take support at 3450/3420/3380 and resistance 3490/3520/3580 for the day.
Have a nice trading Day.
Wednesday, April 22, 2009
Market Out Look 23-4-2009
On global cues market to open flattish notes and trade in the range 3280 – 3440 levels for the day, either side break to give new direction to the market for the day.
On the lower side nifty to take support at 3230 and resistance at 3340 for the day.
Cautious approach is advised on the long side, traders needs to be cautious at higher levels and avoid any huge overnight position for the next trading sessions.
Acitvity is seen in IFCI, Chambal Fert and Rpower.Technically nifty to take support at 3302/3278/3252 and resistance at 3360/3390/3420 for the
On the lower side nifty to take support at 3230 and resistance at 3340 for the day.
Cautious approach is advised on the long side, traders needs to be cautious at higher levels and avoid any huge overnight position for the next trading sessions.
Acitvity is seen in IFCI, Chambal Fert and Rpower.Technically nifty to take support at 3302/3278/3252 and resistance at 3360/3390/3420 for the
Tuesday, April 21, 2009
Market Out Look- 22-4-2009
On global cues market to open positive note with a positive bias for the day. Selling pressure will come at higher levels, Buy on decline.
If nifty holds above 3300 levels the current rally to sustain and can test 3480 levels.
Technically nifty to take support at 3320/3280/3250 and resistance at 3420/3450/3480 levels for the day.
Watch for Sugar stocks in the coming days.
If nifty holds above 3300 levels the current rally to sustain and can test 3480 levels.
Technically nifty to take support at 3320/3280/3250 and resistance at 3420/3450/3480 levels for the day.
Watch for Sugar stocks in the coming days.
Monday, April 20, 2009
Market Out Look 21-4-2009
On global cues market to open weak with a negative bias for the entire day. Nifty unable to cross the 200 DMA is clear sign of weakness. The open interest position in the F & O also gives a clear sign of weakness in he coming trading sessions.
There is nothing positive to expect from the RBI rate cut today. Mark to be volatile after the mid session and some kind of bounce back can be expected from the lower levels.
Today nifty can test 3280 levels in the intra day below this expect further weakness to 3250 levels. Nifty to trade in the range of 3190 – 3450 in the coming days a break either side to give new direction to the market.
Stock specific approach is advisable in the mid cap stocks for the next few trading session. Avoid long position for time being in the large cap stocks.
Technically nifty can take support at 3315/3280/3250 and resistance at 3390/3425/3480 for the day.
There is nothing positive to expect from the RBI rate cut today. Mark to be volatile after the mid session and some kind of bounce back can be expected from the lower levels.
Today nifty can test 3280 levels in the intra day below this expect further weakness to 3250 levels. Nifty to trade in the range of 3190 – 3450 in the coming days a break either side to give new direction to the market.
Stock specific approach is advisable in the mid cap stocks for the next few trading session. Avoid long position for time being in the large cap stocks.
Technically nifty can take support at 3315/3280/3250 and resistance at 3390/3425/3480 for the day.
Sunday, April 19, 2009
Market Out Look 20-4-2009
Market to open flattish and came under selling pressure with volatile for the day.
The F & O figures too gives the weakness in the market. The 200 DMA has confirmed to be a strong resistance for the nifty and unable to hold above this level, to sustain the current rally nifty has to trade above 3450 level.
With the major result announcements stocks specific activity can be seen in the market.
For the next one month traders are advised to be cautious in the marketand during this period nifty to be in the range 3190-3500 a cut either side to give new direction to the market.
Fertilizer stocks to be more active in the coming days, Watch for Chambal Fert ,Nag Fert and Binal Agro for short- term gains.
Technically nifty to take support at 3352/3310/3215 and resistance at 3412/3450/3490 levels for the day.
Have nice trading day.
The F & O figures too gives the weakness in the market. The 200 DMA has confirmed to be a strong resistance for the nifty and unable to hold above this level, to sustain the current rally nifty has to trade above 3450 level.
With the major result announcements stocks specific activity can be seen in the market.
For the next one month traders are advised to be cautious in the marketand during this period nifty to be in the range 3190-3500 a cut either side to give new direction to the market.
Fertilizer stocks to be more active in the coming days, Watch for Chambal Fert ,Nag Fert and Binal Agro for short- term gains.
Technically nifty to take support at 3352/3310/3215 and resistance at 3412/3450/3490 levels for the day.
Have nice trading day.
Thursday, April 16, 2009
Market Out Look 17-4-2009
Market came under selling pressure yesterday and look as if the most awaited correction is on the card. Nifty was unable to hold the 200 DMA.
On global cues our market is expected to open higher and should hold above the 3450 levels to sustain the current rally.
Selling is expected in the second session of trading.
Watch out for the 3300-3251 levels as a strong support, If nifty closes above 3450 levels for two conservative session then it can test 3580 and 3800 levels which is likely to happen before the of election results are declared .
A close below 3300 can pull down nifty to 3180 levels.
Technically nifty to take support at 3350/3300/3251 and resistance at 3390/3420/3500 for the day.
On global cues our market is expected to open higher and should hold above the 3450 levels to sustain the current rally.
Selling is expected in the second session of trading.
Watch out for the 3300-3251 levels as a strong support, If nifty closes above 3450 levels for two conservative session then it can test 3580 and 3800 levels which is likely to happen before the of election results are declared .
A close below 3300 can pull down nifty to 3180 levels.
Technically nifty to take support at 3350/3300/3251 and resistance at 3390/3420/3500 for the day.
Wednesday, April 15, 2009
Market Out Look 16-4-2009
Looks as if the market is in no correction mood and expected to test higher levels in the coming days. As nifty has crossed the 200 DMA and hold above 3450 level for two conservative closed would take nifty to 3580 and 3800 levels. The current rally to continue with some intra-day corrections.
However the fundamentals don’t justify the current rally to this extent. This is the testing time for the inventors and the traders and they have to maintain a discipline approach with patience and one has to take position within his or her limits.
Nifty can face strong resistance at 3580 levels for the day.
Technically nifty can take support at 3420/3380/3350 and resistance at 3525/3560/3570 levels for the day.
Banking stock to be in limelight for the day.
However the fundamentals don’t justify the current rally to this extent. This is the testing time for the inventors and the traders and they have to maintain a discipline approach with patience and one has to take position within his or her limits.
Nifty can face strong resistance at 3580 levels for the day.
Technically nifty can take support at 3420/3380/3350 and resistance at 3525/3560/3570 levels for the day.
Banking stock to be in limelight for the day.
Tuesday, April 14, 2009
Market Out Look 15-4-2009
Market to open flattish with negative bias for the day. Looks profit booking is on the card. Traders are advised to be cautious in the large caps stocks, but activities in the mid cap still exist.
Activity can be seen in the shipping metal stocks.
Nifty to trade between 3300 – 3500 range, break below 3300 can bring nifty down to 3190 levels.
Technically nifty can take support at 3350/3320/3300 and resistance at 3390/3410/3420 levels for the day.
Activity can be seen in the shipping metal stocks.
Nifty to trade between 3300 – 3500 range, break below 3300 can bring nifty down to 3190 levels.
Technically nifty can take support at 3350/3320/3300 and resistance at 3390/3410/3420 levels for the day.
Monday, April 13, 2009
Stock Pick: Short-Term
Zicom Electronics @ 73
Industry: Security Systems.
The steady increase in the volume and price for the last two trading session gives a positive outlook for the stock.
Technically the stock look good from short-term viewpoint with a target price of 91 (200 day DMA), One can hold this stock with a stop loss of 68. It touched a high of 265 during the boom time and the recent low is 40.
Fundamentally the company is performing well; with steady growth in the Top line and bottom line. This stock was in lime light during the Mumbai terror attack.
Industry: Security Systems.
The steady increase in the volume and price for the last two trading session gives a positive outlook for the stock.
Technically the stock look good from short-term viewpoint with a target price of 91 (200 day DMA), One can hold this stock with a stop loss of 68. It touched a high of 265 during the boom time and the recent low is 40.
Fundamentally the company is performing well; with steady growth in the Top line and bottom line. This stock was in lime light during the Mumbai terror attack.
Sunday, April 12, 2009
Market Out Look 13-4-2009
Market to open flattish with a positive bias. Nifty to trade between 3200 to 3500 levels ahead of the election. Expect huge volatility as we are entering into the earning seasons. Individual stocks activity to dominate the market in the coming days
A break below 3200 level is signal of weakness in the market and a break above 3480 levels will give a new bullish outlook to the market.
Technically nifty will take support at 3312/3280/3205 and resistance at 3390/3420/3445 levels for the day.
A break below 3200 level is signal of weakness in the market and a break above 3480 levels will give a new bullish outlook to the market.
Technically nifty will take support at 3312/3280/3205 and resistance at 3390/3420/3445 levels for the day.
Wednesday, April 8, 2009
Market Out Look 9-4-2009
Expect selling Pressure at Higher levels..
On positive global cues, our market too will open on a positive note. Looks nifty is heading towards the 200 DM A of 3450 levels, traders are advised to be cautious at higher levels go according to the trend.
Selling pressure is expected in the mid session of trading and to be volatile till closing.
Technically nifty will take support at 3310/3250/3190 and support at 3380/3410/3450 levels for the day.
On positive global cues, our market too will open on a positive note. Looks nifty is heading towards the 200 DM A of 3450 levels, traders are advised to be cautious at higher levels go according to the trend.
Selling pressure is expected in the mid session of trading and to be volatile till closing.
Technically nifty will take support at 3310/3250/3190 and support at 3380/3410/3450 levels for the day.
Tuesday, April 7, 2009
Market Out Look 8-4-2009
On global cues, our market will open flattish and looks as if the current rally is loosing its strength and expect a small correction today.
As long as nifty trades above 3190 level no need for the bulls to worry.
Technically nifty will take support at 3200/3190/3150 and resistance at 3275/3290/3310 for the day.
As long as nifty trades above 3190 level no need for the bulls to worry.
Technically nifty will take support at 3200/3190/3150 and resistance at 3275/3290/3310 for the day.
Sunday, April 5, 2009
Market Out Look 6-4-2009
With the positive global cues, our markets to open flat and selling can be expected the mid session.
Matket to strengthen further in the coming days, I expect the market to go up ahead of the earning season.
Any fall can be taken as a buy opportunity till the month end. As nifty has crossed the 3190 level if hold above this level for the next two trading sessions then expect the nifty to tough 3450(200 DMA) levels.
If unable to hold the 3190 level then nifty to weaken and can come down to 2800 level.
Technically nifty to take support at 3180/3150/3110 and resistance at 3230/3260/3280 levels for the day.
Matket to strengthen further in the coming days, I expect the market to go up ahead of the earning season.
Any fall can be taken as a buy opportunity till the month end. As nifty has crossed the 3190 level if hold above this level for the next two trading sessions then expect the nifty to tough 3450(200 DMA) levels.
If unable to hold the 3190 level then nifty to weaken and can come down to 2800 level.
Technically nifty to take support at 3180/3150/3110 and resistance at 3230/3260/3280 levels for the day.
Wednesday, April 1, 2009
Market Out Look 2-04-2009
With strong positive global cues, in market there will be a gap opening of 50 points in nifty on the higher side.
The global market is upbeat on account of G 20 summit at London, Looks as if the confidence is returning back among the investors and any positive news in the economy or corporate earning front will only strengthen the rally further, If nifty crosses and hold above 3190 for the next two trading session then the next target for nifty will between 3450-3500 levels in the coming days.
Technically nifty to take support at 3010/2990/2960 and resistance at 3120/3140/3180 for the day.
The global market is upbeat on account of G 20 summit at London, Looks as if the confidence is returning back among the investors and any positive news in the economy or corporate earning front will only strengthen the rally further, If nifty crosses and hold above 3190 for the next two trading session then the next target for nifty will between 3450-3500 levels in the coming days.
Technically nifty to take support at 3010/2990/2960 and resistance at 3120/3140/3180 for the day.
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