Market Hypothesis

Nifty Update on 29-09-2010

2010-09-29T21:32:00.000+05:30

Last three days Nifty is seeking direction. As per the other data, Sentiment is still bullish but actual sentiment will be revealed on day after tomorrow. Now lets make the strategy, Short position can be taken on October future if Nifty is unable stay above 6037 with stop loss 6073. Short position should be hold if Nifty breaks 5932.

Since direction is still not defined and made a very narrow range, therefore traders should be cautious. Trade may be for very short term if not breaks 5932.

Comment on my post.

Best of luck

Free Technical Analysis Software from Quantshare

2010-09-22T14:48:00.002+05:30

Serious traders, this is for you. A trading software that can fulfill almost all your trading needs. QuantShare is a trading software that can help you track, screen and follow stocks, futures and options for the US, Indian and other international markets. It will also allow you to create market indicators, composites, list of rules and backtests using the simulator and money management tools.

One of the most important features of QuantShare is that it offers its users the ability to share trading items or objects. When a trader shares downloaders, list of symbols, list of rules, trading systems or custom drawing tools, these items appear on the sharing server of QuantShare. Any other user can then downloads and uses these items. The sharing server currently contains more than 500 trading objects. You can search for these items by name, popularity, number of downloads, style, market or country.

For example, a search using India as the country returns 31 results. These results include:

NSE Nifty - S&P CNX Nifty
NSE Indices - P/E, P/B & Div. Yield values
National Commodity & Derivatives Exchange - NCDEX India - Historical Prices
NSE Indices - P/E, P/B & Div. Yield values
CNX 100 Weightage
NSE Open Interest
NSE Stock Quotes
NSE Derivatives
BSE historical data

Nifty update on 19-09-2010

2010-09-19T17:50:00.001+05:30

Daily Nifty Chart shows that Market has been over bought with very high momentum.

Option Chart shows that traders are still bullish in sentiment in the current series despite of being the market overbought. Target of Nifty is not known to any body.

FIIs are still in buying mood.

My comment : The range has not been define as yet in the chart (Top has not been defined). Skillful traders will not take new delivery position at this stage. There may not be a big correction in near future because historical volatility 6/100 is still below 1. Nifty may hit 6000 but will be unable to hold itself above 6000. Nifty may get further momentum above 6288 (chances are low).

I have covered my Nifty Future at 5760 last week. Waiting for further confirmation for taking short position will be posted coming days.

Best of luck.

Nifty Update on 12-09-2010

2010-09-12T12:20:00.000+05:30

Nifty Daily Chart

Now every body is comfortable with the present state of the Nifty. Common people started to believe that market is strong enough to enter.

Nifty Daily Chart

All kind of indicators are showing green up-arrow in the chart (Bullish in nature). Nifty is still below the overbought zone with excellent liquidity.

Nifty Daily Chart

But Harmonic AB=CD pattern is silently following the upper limit of Nifty everyday.

Therefore my comment is that now we have to be more careful about our invested money. All traders are in long position (Big and Small). At the level of 5700, Big players will try to deceive small players. Smart money (chart is not being posted due to copyright) is being ready to be taken off from the market at any time. Therefore we have to use our best weapon to protect our money from big and smart players. We can use 5600 as a stop loss. Profit booking can be done at the level of 5700 to 5730.

Our entry point was 5372. Therefore it is around 350 points possible profit if you are a future player. Shorting can be initiated below 5550.

I want to hear your comments on my posting to make more clear cut analysis.

Best of luck.

Dow Jones update in perspective of Indian stock market

2010-09-05T18:44:00.000+05:30

As per daily DJIA chart, DJIA is able to hold itself above the ICHIMOKU band after correction. therefore it can be assumed that US stock market will remain bullish in near future until & unless it is getting back to the ICHIMOKU band.

If we look it in long term perspective then as per weekly DJIA chart, it is too staying above ICHIMOKU band.

DJIA P&F chart also indicates that it has made double top break out on 1st Sept. 2010 with bullish price objective (Rev.) : 11500

Therefore we may expect that there may not be any big threat from USA stock market in recent future.

Our Nifty is also staying on strong bullish sentiment. it will gear up its speed above 5550. Those have taken long position at 5372 with Nifty future as per my earlier post. They should maintain their SL at 5450.

Nifty Update on 30-08-2010

2010-08-30T21:10:00.002+05:30

Nifty Daily chart.

Nifty may be range bound between 5372 to 5550. Indian Vix has to be closed above 22.89 for medium term down fall of the indian stock market. If we analyse the Indian VIX on weekly basis then it will take resistance at 22.89. Today it has closed above its support 18.32. Closing Below 18.32, Indian Market may take turn around for fresh bull phase towards 5616.

If we analyse Nifty option derivatives then it indicates that Call and Put are equally written for the current series. which will keep the market range bound. For future traders, it is best time to take long position if Nifty closes above 5372 within next few session. Otherwise selling pressure may be seen.

Nifty Update on 01-08-2010

2010-08-01T21:41:00.000+05:30

In Nifty daily chart, NICK NMA indicator has given sell signal.

In NIFTY weekly chart, Still Nifty is holding itself above the bullish level.

Trading range of august 2010 series could be 5300 to 5600.

FIIs are still bullish on Indian market. Huge long positions are taken at the last trading session. Reason is not known.

Monday, 2nd August 2010 may define the Nifty's future direction. Follow my previous Nifty's level and trade accordingly. Position should be taken at the second half of the market hour. Risky trader may take long position if Nifty stay above 5354. Otherwise Short can be taken.

Best of luck.

Nifty Update 30-07-2010

2010-07-30T00:06:00.000+05:30

Above Chart shows Nifty has made a huge harmonic bearish pattern on 23-07-2010 at 5477.5 level. As per the pattern, fall may continue till 3300 level but this is not confirmed.

According to above chart, Nifty has become range bound between 5477.5 and 5353.6.

Nifty weekly chart shows that Nifty still remains above the bullish support line 5366.75.

Further long position may be initiated if Nifty stays above 5477.5 level. Selling pressure will appear below 5354.6. Nifty downfall is tolerable till 4786.45. If breaks 4786.45 level then Nifty will enter into the new bearish phase of the market.

Therefore This is the time to define your trading strategy to beat the market.

Post your comments. Best of luck

Nifty Update 25-07-2010

2010-07-25T18:32:00.000+05:30

Nifty Weekly Chart

Nifty weekly chart shows breakout and made a new high, which is good sign for bullish market.

Nifty Daily Chart

Nifty daily chart shows failure to stay above 5453 level. which may create some suspicion among the traders.

Nifty daily chart

Already we have witnessed two false breakouts in the past sessions. Now What will happen? Volume chart indicates that volume is above the 50 day volume average. This time I hope it may not be false.

Nifty Put Call OI Chart

Put call open interest chart indicates Nifty may touch 5500.

FII Investment Chart

FIIs are reducing their investment day by day. That means FIIs are being cautious about market.

Now your long position can be hold if Nifty stays above 5453 on daily closing basis. International bank stress test is just creating confusion among the traders. Other technical indicators are conducive for market up movement. Now only psychological game will play till expiry of July 2010 series. In August 2010 series Nifty may test 5650 if Nifty stay above 5465 after expiry of July 2010 series.

Best of luck. Post your comment.

Nifty Update on 12-07-2010

2010-07-12T21:35:00.000+05:30

This week new BULL RUN of Indian stock market can be expected for short term investors..

Nifty Daily Chart

Tomorrow may be the day of taking new positions if Nifty closes above 5367.

FII Investment Chart

FII are started taking new long positions.

Major change in Nifty 5300 put writing and 5500 long call position of July series.

Indian Vix Chart

VIX has also broken the barrier 20.76.

Nifty change in volume (%) : 1 day = 0.57, 5 days = 2.81, 21 days = 5.15.
Again I want to remind you, Long position should be taken if Nifty stays above 5367, otherwise position should be closed.

Best of Luck

Nifty Update on 01-07-2010

2010-07-01T22:32:00.001+05:30

Gradually picture of Indian stock market becomes worsen for short term investors. May be Indian Stock

market is following global market. Let’s study the probability.

1 FII Increases their selling amount. (Current data not indicated on chart but their net trading value is -160.61 crore on 01-07-2010.

2. Huge change in 5300 strike Call Option. Traders increase their call writing.

3. Decrease in volume.

4 Nifty Future of July series has broken down the range 5377 and 5273

Nifty Spot Daily Chart

If Nifty spot is unable to hold itself above 5214 then Nifty spot may test 5126 this week.

Therefore those have taken long position; they should close their long position if Nifty closes below 5214 or 5210.

Best of luck.

Nifty Weekly Update on 26-06-2010

2010-06-26T13:27:00.000+05:30

Nifty Weekly Chart

Nifty weekly chart shows that Nifty is stuck in a range between 5399 and 4786. Weekly NMA indicator chart has given buy signal for Nifty. The level 5399 is very important level because Nifty monthly chart is also showing same level for breakout of Nifty. Keep watch on RSI (14) whether it is breaking the trend line or not. Basically this is short term bearish indicator. At the last session Nifty closed below 5277. If Nifty stay below 5277 on closing basis at the next session then it will take support at 5165 otherwise Nifty may hit 5380 in the next week.

Indian VIX Weekly Chart

It is good sign for Indian Stock Market that Indian VIX has closed below of its weekly pivot 21.43. Presently it is 20. Next weekly support and resistance appear at 17.94 and 23.46 respectively. and on daily basis, support and resistance appear at 19.07 and 21.34 respectively. Daily pivot is 20.34.

Option OI Chart

As per Option OI chart, traders are bullish on July series. The Nifty July range may be defined as 5100 to 5500.

FII Activity Chart

FIIs, still in buying mood, indicates bullish sentiment of the India stock market.

As per Nifty hourly chart, Nifty may remain bearish till and around 5222 level. Recovery or upward strength may appear above 5275 on intra day basis.

Any specific queries, write at markethypothesis@gmail.com.

If their is any trend change or major changes in Nifty movement, then I will alert you timely.

Best of luck.

Signs of a multibagger......

2010-06-22T21:33:00.000+05:30

Some extract from Bullsbook, which will help my readers to select multibagger stock for investment.

Signs of a multibagger......

Great companies have a very large and untapped market.
Such stocks are backed by a very high quality business. They need low capital to grow. Their products, business both are predictable & their margins are high.
Management vision to see the change in consumption patterns, demand of products.
These stocks are less known. No newspaper, media channel will ever talk about it. No one knows about it. The crowd will jump & buy the stock when it gives a multi year bull run. So the trick is to buy it before anyone else does.
Buying price is very crucial for such stocks. Only buying opportunity for such stocks is when they are available at irrational prices on the lower side.
These stocks have very less or no ownership of FII’s, Mutual Funds, institutional shareholders at the beginning.

Walking on a path of legendary investors, we consider six categories before investing in any

stock. There are six types of companies,

Slow Growers - Companies with very small growth in a slow growing industry.
Stalwarts (Blue-chip stocks) - Strong companies with steady growth.
Fast Growers - Small/Mid size companies with very high growth.
Cyclicals - Companies in cyclical industry. ( commodities, auto etc.)
Asset Plays - Companies with assets in terms of land, holdings in other co’s, gold etc.
Turnarounds - Loss making companies who can become profitable again.

Out of these, we focus on finding companies from no 3 category, fast growers. This is where

the markets give stocks that move up by 10 times, 20 times, 50 times and even 100 times.

These stocks are small & aggressive. They can make your career. Their PE expands along with

the earnings. If the company starts growing at rapid pace, the market values it accordingly.

Here is an illustration of how the multibagger charts are made.

Written by :

Chetan Phalke

Alpha Invesco Research Pvt Ltd

www.bullsbook.com

Update on 20-06-2010 for this week

2010-06-20T15:52:00.000+05:30

Above chart shows Nifty is heading towards overbought zone, Next strong resistance may appear at around 5350 or 5260 and support is 5091. If tomorrow Nifty closes above 5258. Then most probably Nifty will hit 5350 in this week. Then strong support of nifty will be 5250.

FII's activity shows that they are interested in more buying than shorting or selling.

Option Charts shows Indian traders are also bullish because of they are writing more put options than call options.

Indian VIX chart shows VIX is breaking its all support in this recent rally. Resistance may appear at 24.16. Its 70 ema also fails to sustain above 1030 ema indicates long term bullishness of Indian market.

At this stage of Nifty, the status of Nifty-50 stocks are given above. where you can decide about your investment purpose.

Nifty Update 13-06-2010

2010-06-13T22:14:00.000+05:30

It is time for the investors to enter into the market. But they should be careful about the resistance 5148. If Nifty is unable to stay above 5148 then most probably Nifty will lose its steam to break the range defined in my earlier post.

Nifty Update 09-06-2010

2010-06-09T21:58:00.000+05:30

Do not expect much from this range bound market. Nifty may define its direction beyond 5148 and 5961 on daily closing basis. As per aligator trading system, Now Nifty is in sleeping mode. Beyond the above range Nifty may pickup its speed on either way. Therefore medium term investors should remain cautious within this range. Entry may be taken above 5060 and should exit if Nifty unable to stay above 5148.

Best of luck.

Nifty Update 06-06-2010

2010-06-06T20:52:00.000+05:30

Nifty Daily Chart is showing bullish strength above 5108.

Nifty Weekly Chart shows that Nifty basically in bullish zone but market needs more strength for medium term bullishness. Nifty has to cross 5399 for upward breakout.

Nifty Put Call Charts shows traders are bullish on Nifty because of Put Writings at different strike price of PE but Nifty may face resistance around 5200.

Indian VIX Daily Chart shows VIX has broken down the level 26.4. That means Market may move further upward in recent market scenario.

But VIX weekly charts shows we need to wait more until and unless Weekly breaks below 20.64.

FIIs are now started buying more than selling for last few days.

Investors may enter into the market for medium term investment, If tomorrow Nifty closes above 5110.

Market Breadth Charts are showing that trader are still cautious about the market. Therefore market is in range bound despite of being bullish in nature.

Best of luck.

FII Investment Status

2010-05-26T21:35:00.000+05:30

Last 15 days FII net equity investment status graph. Graph is still moving in the negative zone indicates they are shorting on equity.

Nifty update for 23-01-2010

2010-05-23T18:26:00.000+05:30

Nifty Hourly

Nifty Daily

Nifty Weekly

Nifty Monthly

Nifty Hourly, Daily, Weekly and Monthly Technical Charts are given for your analysis. My views will be next Friday or end of this week. If I find any remarkable reversal of the market in the mid of the week then my views will be posted earlier. Assuming that market has made bottom but technically still it has not been defined. But FIIs' are still sorting. Therefore is better to keep quiet.

Best of luck.

Nifty update for 17-05-2010

2010-05-17T21:52:00.000+05:30

Waiting for entering into Market? Yes, I am waiting for making bottom of the Market. Possibly next series.....

Nifty Daily

Nifty second half recovery does not show any silver-lining to the investors. Only hope is that Nifty has not broken its danger line 4925 and it has not made its bottom. Twiggs Money Flow is moving around its zero line. When I am writing this report then Dow is 150 pts down. I think still time has not come to enter into the market for short term and medium term investors. I think long term investors should make their portfolio empty if Nifty closes below 4880. Otherwise hold it for future.

Best of luck.

Nifty Update 12-05-2010

2010-05-12T21:55:00.002+05:30

Nifty Weekly

Indian Vix Weekly

Nifty Daily

Nifty Put Call OI Chart

Here charts show some depressing senario of the indian stock market. If Vix breaks and stays above 28.1 this week the nifty may fall below its bullish zone 4925. As per Nifty weekly chart, it is in distribution phase.

As per Nifty put call OI chart, bulls and bears are equally strong. Rather to say, traders are confused about the market director. it is very difficult to predict the market untill Nifty breaks either above 5207 or below 4985.

Best of luck

Prechter's Latest: "A Deadly Bearish Big Picture"

2010-05-07T12:57:00.000+05:30

Just after 2:30 PM Eastern today, the U.S. stock indexes crashed nearly 10% in several minutes of panic. And all because of...

...Greece?

Greece, dear reader.

If you believe that one, then please -- stop reading. I can't say anything you'll find helpful.

But if you remain tuned to this station, I will observe that the nonsense began instantly. At exactly 2:45 PM The New York Times put up a headline which claimed "Stocks Plunge on Concerns Over Greece." The story itself reported absolutely nothing NEW about Greece, for the simple reason that there IS nothing new. Everyone who cares already knew the relevant facts about that country's financial crisis. It's been in the news for weeks and months.

So the story did NOT become "worse" today, or more "threatening" today. This was not the day Greece became "the first of several dominoes in Europe that could fall."

Then there's the U.S. dollar rally this week -- is "Greece" the reason? Or, is this week part of a rally that's been underway all year, contrary to the conventional wisdom but in agreement with EWI's forecast?

Crude oil futures fell 3.6% today. The CRB Commodity Index is down nearly 6% on the week. "Greece" again? Or, part of "The Great Credit Contraction" spelled out in the May issue of The Elliott Wave Financial Forecast?

Neither the word "Greece" nor the phrase "Greek financial crisis" appear in Bob Prechter's latest Elliott Wave Theorist. But, you may recall that issue's headline, which I quoted in a recent email message I sent you: "A Deadly Bearish Big Picture."

Here's what else my email said:

If you've read any of Prechter's books or heard him in an interview, you know that overstatement is not his style. When he says the "Big Picture" is "Deadly Bearish," that is exactly what he means.

The past week has brought that "Big Picture" a lot closer. The issue at hand is what YOU need to do as an investor. Market tops are a process -- in recent months, you've probably found the top of this bear market rally frustrating indeed.

Yet the brief version of the story is simple: The frustration is over. It's time to get in front of where the trend will go from here.

Robert Folsom

Elliott Wave International

Nifty update on 25-04-2010

2010-04-25T20:46:00.000+05:30

Indian VIX Chart

NIFTY Weekly Chart

Nifty is currently in BULL trend . It is good sign for NIFTY that weekly VIX has taken resistance at 22.16 level. We should keep watch on Indian VIX that it should not break 23 level. On daily basis NIFTY will remain sideways if VIX keeps itself within 23.32 and 18.75. Breaking of either way will define the movement of the NIFTY.

On Daily Basis, NIFTY is stuck in a range 5332 to 5161. As per weekly Ichimoku Cloud Charts, Nifty will keep its bullish sentiment above 4925.

Important : Keep watch on India earnings and news on Europe stock market till the month May 2010.

Post your comment please.

Best of luck

Nifty short term update

2010-04-22T23:58:00.000+05:30

I think Nifty has taken support at 5161. Option traders are also expecting bullish sentiment of the market. But still there is no buy signal for Nifty. Nifty buy signal may appear above 5310. Nifty should not be closed below 5200. Or we have to think otherwise.

Best of luck

Nifty Update

2010-04-11T22:04:00.000+05:30

Fresh 5300 Put has been witten in large quantity as indicated at above charts. Are option traders expecting up movement of Nifty in near future. As I written in my earlier post that If Nifty is unable to break 5310 the further up movement can be expected.

Nifty Update

2010-04-06T00:03:00.000+05:30

Nifty has made new 52 weeks high by breaking out the range. Technically Indian market is bullish as well as overbought also. All indicators indicate Nifty’s high momentum. Now big question is that what is the resistance of the Nifty for this week? We know the support of the Nifty. But now we can not see the resistance of the Nifty of this week. Gann Fan can give an idea of the resistance which is 5440 (As per marketcalls blog) but I think it does not give the specific resistance of the Nifty.

Few indicators still indicates the trend change scenario of Nifty. I do not know How much true it is. But my past experience is telling me to think about these indications. I am giving the picture file of these indicators.

Nifty has made huge bearish CRAB Pattern.

6/100 Historical Volatility started to increase despite of being in bullish zone.

Nifty is in overbought zone.

Nifty Future is in discount. Breakout has happened with insufficient volume. Therefore we have to be careful of the indicators. Our strategy should be like that we may remain bullish or long about nifty if it closes above 5335. Below 5335 Nifty will be again range bound and closing below 5235 will force the nifty to be bearish.

Tomorrow first hour may be positive but traders can short Nifty at the levels 5392 to 5398 if it is unable to sustain above 5400 or 5411 and hold it if it closes below 5335. otherwise cover it.

Those are not comfortable with Nifty, they can trade with the midcap stocks as per its support and resistance which are given below:

Courtesy : profit indicators.

The main objective of my posting is to save my readers from bull's trap.

If nifty's monthly closing is above 5310 then target of the Nifty may be 5806 in the next three months.(This is only prediction, do not fully depend on it)

Nifty Update

2010-03-31T21:57:00.000+05:30

Daily Indian VIX Chart

If tomorrow Indian VIX closes above 20.27 then Indian market will be under pressure and if it closes below 19.4 then further up move can be expected in the next week.

Nifty still is moving around its bullish zone, but panic selling can be witnessed if Nifty closes below 5187. Further rally can be expected if it closes above 5297.

Bearish CRAB Pattern

2010-03-29T21:52:00.000+05:30

Nifty daily chart has made bearish CRAB Pattern. Therefore be careful next few trading sessions.

Nifty update for 29-03-2010

2010-03-28T21:39:00.000+05:30

Daily Indian VIX Chart

Is Indian Stock Market approaching towards trend change ?

Nifty Trend based on Option Analysis

The probability of going up is 53.42 % and going down is 46.59 %

TREND IS UP

Trading as per Elliot Wave Theory

Go Short at / below 5293.75. Stoploss at 5299.04. Target 1 is 5273.23.
Go Short at / below 5285.91. Stoploss at 5299.04. Target 2 is 5269.77.

Intraday Calculation Based on Volatility

Buy at / above 5277.15 Target 1 : 5283.69 Target 2 : 5295.26 Target 3 : 5306.84 Target 4 : 329.98 Target 5 : 5341.56 Stoploss : 5260.55

Intraday Calculation based on Gann Square of 9 Calculation

Buy at / above: 5292.56 Targets: 5308.11 - 5326.33 - 5344.59 - 5362.87 Stoploss : 5274.39
Sell at / below: 5274.39 Targets: 5258.87 - 5240.75 - 5222.67 - 5204.61 Stoploss : 5292.56

My Trading Style

Nifty pivot point is 5279.
If Nifty is staying above 5285 then first target is 5300 and second target is 5312. After rise if Nifty unable to stay above 5300 then short can be initiated at 5293 with stop 5300.
If Nifty is staying below 5279 then first target is 5264 and second target is 5246. After fall, if Nifty stays above 5264 then long can be initiated at 5270 with stop 5264.

Best of luck.

Nifty Weekly View

2010-03-28T18:28:00.000+05:30

Nifty Weekly Chart

Nifty Long Position should be taken above 5311.

As per ROC2 Calculation basis, Short Position can be taken if Nifty stays below 5118

Nifty Weekly Pivot levels

S1: 5042.55 S2: 5152.65 Pivot: 5211.30 R1: 5321.40 R2: 5380.05

Nifty April Range

2010-03-28T12:43:00.000+05:30

Series1 : Call Option, Series2 : Put Option

Nifty April Range could be from 4800 to 5400. This Sentiment could be lasted till 10th-14th April.

Nifty update for 26-03-2010

2010-03-26T00:02:00.001+05:30

Nifty Trend based on Option Analysis

The probability of going up is 70.12 % and going down is 29.89 %

TREND IS UP

Nifty (April) future premium has increased from 1.40 points to 16.60 points

Market wide rollover was 84.00% whereas the rollover in Nifty futures was 65.70%.

Nifty April Range could be from 4900 to 5500

Nifty ROC2 calculation on daily closing basis

Long can be initiated if Nifty is able to hold above 5170 on daily basis with Stoploss 5170.

Trading as per Elliot Wave Theory

Go Short at / below 5267.3. Stoploss at 5272.56. Target 1 is 5227.53.
Go Short at / below 5252.11. Stoploss at 5272.56. Target 2 is 5220.83.

Intraday Calculation Based on Volatility

Buy at / above 5235.12 for following Target and stoploss
Target 1 : 5272.7 Target 2 : 5284.33 Target 3 : 5295.96 Target 4 : 5319.21 Target 5 : 5330.83 Stoploss : 5249.45

Intraday Calculation based on Gann Square of 9 Calculation

Buy at / above: 5274.39 Targets: 5289.91 - 5308.11 - 5326.33 - 5344.59
Sell at / below: 5256.25 Targets: 5240.75 - 5222.67 - 5204.61 - 5186.59

My Trading Style

Nifty's pivot point is 5247.
If Nifty is staying above 5266 then first target is 5295 and second target is 5312. After rise if Nifty unable to stay above 5295 then short can be initiated at 5290 with stop 5300.
If Nifty is staying below 5254 then first target is 5225 and second target is 5183. After fall, if Nifty stays above 5225 then long can be initiated at 5233 with stop 5223.

Best of luck.

Nifty update for 25-03-2010

2010-03-24T23:17:00.002+05:30

Nifty Trend based on Option Analysis

The probability of going up is 52.36 % and going down is 47.65 %

TREND IS UP

Nifty ROC2 : daily basis

Long can be taken if Nifty is able to sustain above 5242.7 on daily basis

Trading as per Elliot Wave Theory

Go Short at / below 5243.6. Stoploss at 5248.84. Target 1 is 5212.57.
Go Short at / below 5231.75. Stoploss at 5248.84. Target 2 is 5207.35.

Intraday Calculation Based on Volatility

Buy at / above 5218.5 for following Target and stoploss
Target 1 : 5216.82 Target 2 : 5228.53 Target 3 : 5240.24 Target 4 : 263.67

Target 5 : 5275.38 Stoploss : 5193.39

My Trading Style

Nifty's pivot point is 5130.
If Nifty is staying above 5230 then first target is 5253 and second target is 5272. After rise if Nifty unable to stay above 5253 then short can be initiated at 5248 with stop 5253.
If Nifty is staying below 5220 then first target is 5197 and second target is 5171. After fall, if Nifty stays above 5197 then long can be initiated at 5204 with stop 5197.

Best of luck.

Nifty update for 23-03-2010

2010-03-22T23:49:00.002+05:30

NMA Indicator is still showing bullishness of Nifty

Nifty Trend based on Option Analysis.

The probability of going up is 28.28 % and going down is 71.73 %

TREND IS DOWN

Nifty ROC2 : daily basis

Short can be done if Nifty is unable to sustain above 5303.5 on daily basis.

Trading as per Elliot Wave Theory

Go Long at / above 5187.05. Keep Stoploss at 5181.86. Target 1 is 5215.27.
Go Long at / above 5197.83. Keep Stoploss at 5181.86. Target 2 is 5233.75.
Go Long at / above 5211.51. Keep Stoploss at 5197.83. Target 3 is 5257.18.

Intraday Calculation Based on Volatility
Sell at / below 5224 for following Target and stoploss
Target 1 : 5187.53 Target 2 : 5175.29 Target 3 : 5163.06 Target 4 : 138.58
Target 5 : 5126.35 Stoploss : 5212

My Trading Style

Nifty's pivot point is 5214.
If Nifty is staying above 5212 then first target is 5246 and second target is 5288. After rise if Nifty unable to stay above 5246 then short can be initiated at 5236 with stop 5246.
If Nifty is staying below 5198 then first target is 5164 and second target is 5140. After fall, if Nifty stays above 5198 then long can be initiated at 5174 with stop 5166.

Best of luck.

Nifty Update for 22-03-2010

2010-03-21T18:08:00.000+05:30

Nifty Trend Based on Option Analysis : TREND IS DOWN

The probability of NIFTY is going up is 33.91 % and going down is 66.1 %.

Nifty ROC2 : daily and weekly basis

ROC2 Daily

ROC2 Weekly

Long can be taken if Nifty is able to sustain above 5215 on daily basis and 4963 on weekly basis.

Trading as per Elliot Wave Theory
Go Short at / below 5269.95. Stoploss at 5275.21. Target 1 is 5249.64.
Go Short at / below 5262.19. Stoploss at 5275.21. Target 2 is 5246.23.

Intraday Calculation Based on Volatility
Buy at / above 5253.52 for following Target and stoploss
Target 1 : 5260.96 Target 2 : 5272.9 Target 3 : 5284.83 Target 4 : 5308.7
Target 5 : 5320.64 Stoploss : 5237.1

My Trading Style

Nifty's pivot point is 5258.
If Nifty is staying above 5265 then first target is 5280 and second target is 5291. After rise if Nifty unable to stay above 5280 then short can be initiated at 5278 with stop 5285.
If Nifty is staying below 5260 then first target is 5244 and second target is 5225. After fall, if Nifty stays above 5244 then long can be initiated at 5246 with stop 5238.

Best of luck.

Status of Nifty Fifty Stocks

2010-03-19T20:39:00.000+05:30

Source : Profit Indicator

Those are involved in long positional trading of above stock. May decide for profit booking from above stock table.

Nifty spot update for 18-03-2010

2010-03-17T23:32:00.000+05:30

Nifty spot Trend based on Option Analysis : Down
The probability of going up is 40.96 % and going down is 59.05 %

Nifty spot Trading as per Elliot Wave
Go Short at / below 5260.5. Stoploss at 5165.76. Target 1 is 5208.98.
Go Short at / below 5240.82. Stoploss at 5157.75. Target 2 is 5200.32.

Nifty Future Intraday Calculation Based on Volatility
Sell at / below 5247 for following Target and stoploss
Target 1 : 5246.91 Target 2 : 5234.42 Target 3 : 5221.93 Target 4 : 196.95
Target 5 : 5184.46, Stoploss : 5271.9

My Trading Style on Nifty Spot

Nifty's pivot point is 5225.

If Nifty is staying above 5239 then first target is 5278 and second target is 5309. After rise if Nifty unable to stay above 5278 then short can be initiated at 5264 with stop 5278.
If Nifty is staying below 5224 then first target is 5186 and second target is 5142. After fall, if Nifty stays above 5186 then long can be initiated at 5196 with stop 5186.

Best of luck.

Nifty update for 12-03-2010

2010-03-11T22:48:00.001+05:30

Are Option Traders expecting upward movement of the Nifty?

Daily Indian VIX Chart showing upward signal, Therefore be cautious.

Nifty Trend based on Option Analysis : Down

The probability of going up is 44 % and going down is 56.01 %

Trading based on ROC-2.

Buy Nifty above 5084.35.

Trading as per Elliot Wave

Go Short at / below 5152.6. Stoploss at 5157.75. Target 1 is 5121.39.
Go Short at / below 5140.68. Stoploss at 5157.75. Target 2 is 5116.13.

Intraday Calculation Based on Volatility
Buy at / above 5127.35 for following Target and stoploss
Target 1 : 5127.68 Target 2 : 5140.47 Target 3 : 5153.26 Target 4 : 5178.84 Target 5 : 5191.63
Stoploss : 5102.1

My Trading Style

Nifty's pivot point is 5130.

If Nifty is staying above 5138 then first target is 5157 and second target is 5180. After rise if Nifty unable to stay above 5157 then short can be initiated at 5156 with stop 5165.

If Nifty is staying below 5129 then first target is 5107 and second target is 5079. After fall, if Nifty stays above 5107 then long can be initiated at 5110 with stop 5105.

Best of luck.

Please comment on my post.

Nifty update for 11-03-2010

2010-03-10T22:18:00.000+05:30

Nifty Trend based on Option Analysis : Down
The probability of going up is 43.37 % and going down is 56.64 %

Intraday trading as per Elliot Wave

Go Short at / below 5137.39. Stoploss at 5142.53. Target 1 is 5109.37.
Go Short at / below 5126.69. Stoploss at 5142.53. Target 2 is 5104.65.

Intraday Trading based on Volatility

Buy at / above 5114.72 for following Target and stoploss
Target 1 : 5118.06 Target 2 : 5131.07 Target 3 : 5144.08 Target 4 : 5170.1 Target 5 : 5183.11
Stoploss : 5092.05

My Trading Style

Nifty's pivot point is 5115.

If Nifty is staying above 5120 then first target is 5141 and second target is 5160. After rise if Nifty unable to stay above 5141 then short can be initiated at 5138 with stop 5145.

If Nifty is staying below 5112 then first target is 5091 and second target is 5070. After fall, if Nifty stays above 5091 then long can be initiated at 5095 with stop 5088.

Please comment on my post

Best of luck.

Nifty update for 10-03-2010

2010-03-09T00:02:00.000+05:30

Nifty's pivot point is 5122.

If Nifty is staying above 5129 then first target is 5154 and second target is 5176. After rise if Nifty unable to stay above 5129 then short can be initiated at 5120 with stop 5129.

If Nifty is staying below 5119 then first target is 5094 and second target is 5067. After fall, if Nifty stays above 5094 then long can be initiated at 5105 with stop 5094.

Best of luck.

Nifty update for 08-03-2010

2010-03-07T22:09:00.000+05:30

Nifty weekly closing is done below its pivot point 5091.

If Nifty is staying above then first target is 5116 and second target is 5141. After rise if Nifty unable to stay above 5116 then short can be initiated at 5112 with stop 5120.

If Nifty is staying below 5084 then first target is 5060 and second target is 5040. After fall, if Nifty stays above 5060 then long can be initiated at 5066 with stop 5060.

No short should be done when Nifty will be above 5123.

Best of luck.

Nifty Weekly Update

2010-03-07T15:41:00.000+05:30

Southwind indicator has given buy signal to the NIFTY weekly chart. As per 5EMA high Low, weekly support should be 5033. If unable to sustain above 5033 then next support is 4851. Any short position should not be taken above 5000.

Nifty update for 05-03-2010

2010-03-04T23:06:00.000+05:30

If Nifty stays above 5084 then first target is 5106 and next 5124. If Nifty is unable to stay above 5106 then short can be initiated at 5100 with stop 5110.

If Nifty stays below 5075 then first target 5053 and next 5028. If Nifty is unable to stay below 5053 then long can be initiated at 5057 with stop 5047.

Best of luck.

Nifty update for 04-03-2010

2010-03-03T23:32:00.000+05:30

If Nifty stays above 5095 then first target is 5131 and next 5149. If Nifty is unable to stay above 5130 then short can be initiated at 5120 with stop 5130.

If Nifty stays below 5080 then first target 5045 and next 4992. If Nifty is unable to stay below 5048 then long can be initiated at 5056 with stop 5045.

Best of luck.

Nifty update for 03-03-2010

2010-03-02T23:29:00.000+05:30

Now 5000 has been base point for Nifty. Stay above 5024 can lead to 5068 and next 5093. If unable to stay above 5068 then short can be initiated at 5052 with stop 5070.

Stay below 5008 Nifty may roll down to 4965 and further 4905. if stay above 4970 then long can be initiated at 4980 with stop 4965.

Best of luck

Status of Nifty 50 stocks

2010-03-02T23:15:00.000+05:30

Courtesy : Profit Indicators

Above stocks are given to readers for selecting stocks for investments.

Performance Chart

2010-03-02T21:30:00.000+05:30

If we are going to see a new bull run after the budget. Then above performance chart will help us to select the index for trading on short and medium term basis.

Nifty update for 02-03-2010

2010-03-01T23:12:00.000+05:30

First of all lets Nifty stay above 4924. If nifty stay above 4934 then first target is 4990 and second target at 5057. Short can be initiated at 4970 with stop 4985. But be careful because above 4924 Nifty will hold its bullish sentiment.

If Nifty stay below 4910 then first target appears at 4850 and second target is 4790. Long can be initiated at 4875 with stop 4860.

Best of luck

Nifty status before budget

2010-02-25T21:49:00.001+05:30

Nifty Daily, Weekly and Monthly charts are given to get an idea of "Where is Nifty heading for". I think next series onwards Nifty will define its route depending on the budget.

Nifty update for 22-02-2010

2010-02-22T00:10:00.001+05:30

Trin : 4.99 indicate bearishness.

Indian VIX : Increase to 7.19% indicates bearishness.

Whatever the opening, first half would be the depressing movement of the NIFTY.

Downtrend : If Nifty sustain below 4837 then first target may be 4810 and next would be 4775. After fall, if sustain above 4805 then long can be at 4815 with stop 4805

Uptrend : If Nifty sustain above 4852 then first target may be 4875 and next would be 4910. After rise If Nifty is unable to hold itself above 4885 then short can be initiated 4875 with stop 4885.

Nifty will keep its bullish sentiment above 4800.

Best of luck and post your comments.

Nifty update for 19-02-2010

2010-02-18T23:48:00.000+05:30

Is market taking pause for further gain. I do not know. I think market is in consolidation phase due to overbought state of the market. Market itself is now trading in rice/Earnings ratio of around 20, any thing above 23 we consider as overvalue so be very careful in your selection of stock. Indian VIX has been increased from 1.8% to 2.48% indicates uncertainty.

Tomorrow If Nifty sustains above 4892 after opening then first resistance is 4914 and next 4941. After rise, If Nifty unable to sustain above 4914 then short can be initiated at 4910 with stop 4920.

If Nifty stays below 4883 then first support is 4861 and next is 4844. If Nifty sustains above 4861 then long can be initiated at 4865 with stop 4855

Best of luck.

Nifty Update for 18-02-2010

2010-02-18T09:00:00.001+05:30

Tomorrow may be a flat opening day.

If Nifty stays above 4920 then first target appears at 4953 and the next 4975. After rise if Nifty is unable to stay above 4953 then short can be initiated at 4945 with stop 4953.

If Nifty stays below 4907 then first support appears at 4874 and second support at 4831. If Nifty stay above 4874 then long can be initiated at 4884 with stop 4874.

Today NMA indicator has given buy signal for Nifty.

Best of luck.

Nifty update for 17-02-2010

2010-02-16T23:16:00.000+05:30

Today Nifty Closes above its Pivot Points 4843. If Nifty sustains above 4864 then first target appears at 4990. If sustain above 4990 then next target appears at 4930. Unable to sustain above 4990 then short nifty at 4985 with stop loss 4900.

On the downside, if Nifty is sustain below 4848 then first target appears at 4810 and below 4810, next target appears at 4755. After fall if nifty sustain above 4810 then buy Nifty at 4820 with stop loss 4810.

Trin is 5.12 which indicates highly overbought. Nifty hourly chart shows bearish gartley pattern. Therefore be cautious.

Please post your comment.

Nifty Update for 16-02-2010

2010-02-15T23:24:00.000+05:30

Market Scenario is not much encouraging. There is increase in open interest with decrease in the cost of carry, indicating short position building up at higher levels. Implied volatility has increased by around 200-250 basis points, indicating bearish sentiment of the traders. Call writers are taking new position but put writers not covered their existing positions. Change in Indian VIX has increased at 3.02%. Tomorrow may a uncertain and volatile day. Last half an hours trading indicates that Traders are not sure above the movement of the tomorrow’s market. Traders are requested to keep patients and be cautious during trading.

Nifty closes below its pivot point 4809 and broken its 13 DMA (4821). Only hope is that Nifty closes above 4800 and Trin indicator is below of 1.

Tomorrow, if Nifty stay below 4796 then first target is 4772 and second target 4747. After fall if Nifty stay above 4772 then long position can be taken at 4775 level with stop loss 4769. Selling pressure can be witness below 4759.

At the upper side, If Nifty stays above 4808 then first target is 4835 and second target is 4871. After rise if Nifty unable to hold itself above 4835 then short position can be taken at 4829 with stop loss 4835. Buying pressure can be witness above 4845.

Please post your comments.

Nifty's Update

2010-02-14T22:18:00.000+05:30

Weekly Chart Review
As per weekly chart Nifty is able to hold above 4680. Now we need to watch whether Nifty is able to stay above 4944. Now Nifty is above its weekly pivot point 4800 and first resistance is appearing at 4908 level. Beyond this level it will be resisted at 5060.
Nifty is above its 13 DMA (4825) and 5 EMA Low (4804) on weekly closing basis. Holding above these levels Nifty bullish sentiment will be intact.
Otherwise on the down side, First weekly support is appearing at 4649 and next is 4540.

Daily Chart Review
Nifty is above its daily pivot point 4817. Now we need to watch whether Nifty will be able to hold its 13 EMA (4866) level. If yes then it Nifty may get resistance at 4951 level.
As per other daily technical, Nifty is taking uplift from its oversold zone. Trader or Investors may enter into the market for short term basis if Nifty holds itself above 4800.

Tomorrows Support and Resistance
S2 4760 S1 4790 Pivot 4816 R1 4855 R2 4880

Nifty Breadth Charts

2010-02-11T22:23:00.000+05:30

AD Line is above zero line indicates trend reversal. Trin still below 1 indicates bullishness.

Are put writers becoming stronger?

2010-02-11T22:13:00.001+05:30

From the above Chart it can be assumed that bulls are becoming equally powerful like bears. Next trading session may define the answer of the question "What will be the trend of the market for next few days"

4600 and 5000 may be the strong Support and Resistance of the Nifty for Feb Series.

Nifty update 27-01-2010

2010-01-26T21:00:00.001+05:30

Nifty below 4950 appears to be mid term bearish. If Nifty stay above 5012 after opening then its first target will be 5035. After hitting If it stays above 5022 then it may hit 5060.

If Nifty stay below 5003 after opening then its first target will be 4980. After hitting 4980 if Nifty unable to stay above 4993 then it may hit 4955.

I think Traders will try to cover their shorts if nifty unable to break 5000.

Second half is mostly governed by European markets. Therefore please keep watch on European market.

Long Side : Pantaloon Retail, Union Bank, Bank Of India,Yes Bank, IVRCL Infra
Short Side : Bank Of Baroda, Indian Hotels Company, Hindustan Zinc, Mphasis
Rules :
Buy above last day closing price with stop loss last day closing price for long side.
Short below last day closing price with stop loss last day closing price for short side.

Please tell me your trading performance if you trade as per this blog.

Best of luck.

Your feedback is required

2010-01-25T14:48:00.000+05:30

If you trade as per my blog then please tell me about your trading performance. It will help me to write my blog in better way.

Nifty update for 25-01-2010

2010-01-24T20:48:00.000+05:30

Nifty still remains bearish due to increase in Indian VIX at 5.74% and increase open interest with decrease in the cost of carry which indicates short positions. 5300 Jan call option is showing high buildup due to call writing which indicates traders are expecting more down trend in the market. Market will remain highly uncertain because of implied volatility which has been decreased by around 150-200 basis points for the current series and has marginally increased for the next month contracts in the option front. This uncertainty or negative sentiment may last till expiry of Jan series.

But traders do not care about character or conditions of the market they only think about the levels.

Nifty is resting above its pivot points 5026, if it is stay above 5048 then first target may appears at 5096 and unable to stay above 5048 it may hit 4998. The second target appears at 5150 (Chances are low).
If Nifty resting below 4998 then its first target may be 4963 and below 4963 second target is 4900 (Chances are low). Otherwise it may hit 5060.
If Nifty becomes narrowly range bound then do not take fresh position. You may trade at Stock front.
Nifty is bullish above 5060 and bearish 5015 on daily scenario.

Stock Front :

Earning on shorting
Petronet LNG, Dr Reddy’s Laboratories, Indian Bank, Ashok Leyland.
Rules : Above stocks are bearish below their last day closing.
Entry and exit should be made as per Nifty.
Stop loss : Last day closing.

Earning on buying
Punjab National Bank, Punj Lloyd, Sun TV, HCL Technologies, GAIL India
Rules : Above stocks are bullish above their last day closing.
Entry and exit should be made as per Nifty.
Stop loss : Last day closing.

Caution: Positional trade can be taken when Nifty will stay above 5100.

Best of luck and happy trading session.

Nifty Weekly Update

2010-01-23T00:06:00.002+05:30

Please comment on my post

Nifty update for 21-01-2010

2010-01-20T21:55:00.000+05:30

Tomorrow opening may be a big negative but if it able to sustain above 5200 then recovery can be expected till 5250. Above 5200 first hurdle may appear at 5225. Above 5250 next target is 5280.

If Nifty fails to stay above 5200 then Nifty may test 5170. Nifty basically range bound between 5169 to 5292.

Nifty update for 14-01-2010

2010-01-13T23:30:00.000+05:30

If Nifty sustain above 5240 then first target is 5265 and after minor correction if it sustain above 5253 then it may hit 5285. 5260-5270 is very important level because major pull back Nifty can witness at this level. Therefore be cautious.

If Nifty breaks 5227 and sustain below 5227 then 5195 again. Below 5195, Nifty may test 5147.

Nifty is bearish below 5250 but for tomorrow Nifty’s Pivot Point 5216 should be considered as a border line for bullish and bearish.

Please post your comment on my post.

Best of luck.

Nifty spot update for 13-01-2010

2010-01-12T23:28:00.000+05:30

I think my readers have enjoyed today on both Nifty and Stock front. Both Techm and Hcltech has given good profit.

Tomorrow if Nifty stay below 5201 then first target will be 5170 and staying below 5170 Nifty mat hit 5135 (Chances are low)

If Nifty able to stay above 5201 after opening then it may hit 5230 and unable to stay above 5230 Nifty may be range bound between 5190 and 5220.

If Nifty stay above 5230 then first target 5265 and second target will be 5330. (Chances are low)

Nifty may witness selling pressure below 5190.

There may be recovery around 5160 - 5170 this level.

Nifty 15 min chart has formed bullish harmonic pattern. Therefore we may expect some short covering at the first half. Second half movement will be defined by European market.

Best of luck

Nifty update for 12-01-2010

2010-01-11T23:37:00.000+05:30

If Nifty stays above 5260 after opening then first target may be 5282 and if stay above 5282 then second target is 5305.

If Nifty stays below 5238 after opening then first target may be 5216 and stay below 5216 the second target will be 5194

Nifty will get momentum above 5310 and witness selling pressure below 5200.

If Nifty is found range bound after opening the intraday trading can be done at Stock Front.

Stock Front :

Buy Techm above 1041 with stoploss 1032 target 1065

Sell Cumminsin below 438 with stoploss 444 and buy above 443 with stoploss 439

Sell Moserbaer below 90 with stoploss 93 and buy above 93 with stoploss 88

Buy Hcltech above 362 with stoploss 354 and Sell below 354 with stoploss 361.

Trade above stocks according to Nifty’s movement.

Best of luck

January 12: Events to watch out for

2010-01-11T21:05:00.003+05:30

12 January: Infosys Technologies' Q3 Results

12 January: CII's National Retail Summit 2010 "Modern Retail: Towards Sustainable Growth And Profitability", Mumbai

12 January: Industrial Output For November To Be Detailed By CSO

13 January: Meeting To Discuss PSU Oil Co's Financial Health with PM Manmohan Singh, Pranab Mukherjee

13 January: International Seminar On Army Air Defence In 21st Century, New Delhi

14 January: WPI Inflation For December To Be Detailed By Commerce & Industry Ministry

14-16 January: India International Food & Wine Show, New Delhi

15-17 January: Goa International Boat Show, Goa Expo Centre, Goa

Nifty update for 11-01-2010

2010-01-10T18:41:00.001+05:30

Weekly view

Nifty weekly supports are 5223, 5203, 5182
Nifty weekly chart is still holding itself above its previous weekly closing 5201.
Nifty weekly 5 EMA (high low) support appears at 5223
5200 and 5182 may be strong support for Nifty on weekly closing basis.
Nifty weekly breakout of trend line has occurred at 5203.77 showing bullishness of the chart with having the support at 5203.
Selling pressure may appear below 5180.

Daily view

Nifty daily 5 EMA (high low) support appears at 5223
Nifty has broken its 5 DMA 5260 and 13 DMA appears at 5162.
Nifty closes below its Pivot point 5250 but staying above its weekly pivot point 5194.
Nifty daily resistance appears at 5300. After opening, Nifty has to stay above 5052 to hit the level 5300 after breaking 5268.
After opening, If Nifty stays below 5241 then it may hit 5223 and next support appears at 5210.

General Analysis

Nifty future 15 min chart has formed bullish bat pattern.
Price ADX Indicator, 5EMA (High Low) Indicator have given buy signal at Nifty future 15 min chart.
Other Indicators are still holding its sell signal.

My view
If Nifty is unable to break 5223 and 5274 levels then most probably it will be range bound from 5233 to 5265. If Nifty becomes range bound then it will be better to trade at stock front.

DLF CMP 389.9 buy above 385 SL 377
TATA STEEL CMP 648.45 Sell below 651 SL 669
SATYAM COMPUTER CMP 112.85 Buy above 113.5 SL 110
EDUCOMP 773 Sell below 765 SL 773

Very few people are commenting on my post. I can not understand that how much my readers are being benefited by my post.

Best of luck.

Nifty update for 08-01-2010

2010-01-08T14:45:00.001+05:30

Today I did not post any Nifty update because I am also confused about the market movement like other traders. I am just waiting for range breakout which is 5250 to 5300.

I will take fresh entry when Nifty will be out of range on closing basis. So far, Stock trading is ideal for this moment.

Please comment on my post to enhance my analysis

Nifty update for 07-01-2010

2010-01-06T23:53:00.001+05:30

Now it is very difficult to predict the market because Nifty has been range bound between very narrow band. It is very difficult to trade in such a narrow band.
Now it is best trading strategy is to set buy sell order at 5294 and 5263 respectively.
To break the barrier Nifty has to sustain above 5286 and below 5277 after opening.
First resistance appears at 5308 and second resistance appears at 5334
First support appears at 5256 and second support appears at 5232
5300 and 5214 appear to be strong Resistance and Support of Nifty.
As per today’s market movement, fresh long accumulation has been witnessed at lower levels. Positive bias for Nifty will continue till Nifty is able to hold itself above 5250.

Stock Front :
L&T CMP 1675.85 Buy above 1672 SL 1660 Target 1697 and Sell below 1660 SL 1672 Target 1637.

Nifty update for 06-01-2010

2010-01-05T23:57:00.002+05:30

Today Nifty has made doji formation at its daily chart which indicates that tomorrow Nifty will be under pressure but on the other hand it has also made a common gap which may indicates the beginning of new medium term bull period.

Minor correction may be expected because Nifty daily chart has formed bearish harmonic pattern also. Nifty should not be below 5207.

Nifty may get support at 5230 on short term basis.

Above analysis is made on the basis of short and medium term view.

Lets talk about Intraday view.

If Nifty unable to stay below 5271 after opening then it may hit 5310 otherwise Nifty may test 5255. Breaking 5255 It may test 5225.

Buy Nifty above 5282 and sell below 5274. Nifty Future should be calculated according to its Prem and Disc.

Stock specific intraday trading :

Gail CMP 418.7 Buy above 418.50 SL 413 Trg 427

Jindal Stel CMP 727.45 Buy above 721.30 SL 716.50 Target 734

Nifty spot update for 05-01-2010

2010-01-04T21:22:00.000+05:30

Tomorrow Nifty may start with a big positive opening but we need to watch 5250 level. If Nifty comes below and sustains below 5250 then this level may act as a strong resistance for Nifty. First resistance will appear at 5265-5270 and above these levels it may touch 5285.
At the lower side, it may get the first support at 5225 and then 5212.
Indicators are showing some pullback may occur in Nifty 15min chart after opening but it has to stay above 5222 on closing basis to keep its momentum. Nifty may get strong resistance at 5270 level.
As per today’s activity of the market, market may take pause or become choppy before breaking 5300 levels. It may take two to three trading sessions.
Always remember Nifty has to close above 5222 otherwise we/traders will think differently.

Best of luck.

What does Nifty long term chart indicate?

2010-01-03T20:17:00.002+05:30

According to daily and weekly Nifty charts, few queries are there:

Is Nifty breaking 5250 next week? If yes, then next is that whether it is sustaining above 5250? If yes, then is it testing 6450 in the next 6 months?

ADX is still not strong enough. As per ROC bulls are becoming stronger than bears. RSI is locating at the middle of oversold and overbought zones. What MACD indicates in the daily and weekly chart?

Please post your comments.

Nifty spot update for 4-1-2010

2009-12-31T23:19:00.001+05:30

Whatever the opening, Nifty has to be sustained above 5195 to retain its bullishness and if unable to sustain above 5195 then it will take support at 5172. below 5172 it will take support 5145.

On the upper side, Nifty above 5205 may test 5227 and above 5227 it may get resistance at 5250.

On the option front, very good addition of open interest was seen in 5200-5400 on the call side and on the put side 4500-5000 remain the active strike. This indicates that 5000 should remain as a good support for this expiry, whereas 5350-5400 could see some profit booking.

But there are some doubt about the market because Nifty January series rollover is in line with the average rollover.

Bottom line is that overall market sentiment is bullish.

My New Year Resolutions

2009-12-31T21:02:00.000+05:30

My New Year Resolutions:

1. Hard Work : All hard works bring a profit, but mere talk leads only to poverty.

2. Laziness : A sleeping lobster is carried away by the water current.

3. Earnings : Never depend on a single source of income.

4. Spending : If you buy things you do not need, you will soon sell things you need.

5. Saving : Do not save what is left after spending. Spend what is left after saving.

6. Borrowings : The borrower becomes the lender’s slave.

7. Accounting : It is no use carrying an umbrella, if your shoes are leaking.

8. Auditing : Beware of little expenses, a small leak can sink a ship.

9. Risk Taking : Never test the depth of the river with both feet. (Have an alternative plan ready.)

10. Investment : Do not put all your eggs in one basket.

Wish all my readers Happy New Year and prosperous and peaceful life.

Above resolutions are the market philosophy of Investment Guru Warren Buffett.

Nifty spot update for 31-12-2009

2009-12-31T00:01:00.000+05:30

Tomorrow may be a negative flat opening day. If it opens below 5166 or 5163 and stay below it then possible target will be 5150. If Nifty breaks 5150 and stay below it which means it is a cross over of 70min ema and 1030 min ema. Then Nifty could be taken support at 5100.

On the upper side, If Nifty stay above 5173 then again it will get possible resistance at 5200.

Tomorrow’s movement will define the January series. Since tomorrow is the end of December series, Nifty will be more or less range bound between 5150 and 5170 till 2.30 p.m. Any strong movement can be expected on either side after 2 p.m. if Nifty stay below 5150 or above 5180.

Tomorrow everybody should remain cautious because it will be highly volatile day. Strict stop loss should be maintained after executing the order. Nifty is range bound between a narrow band from 5150 to 5200 because most of the traders are confused about the direction of the market. Novice player are requested to stay away from the market at least for tomorrow. Order should be placed below 5145 and above 5200.

Best of luck and please comment on my post. You can post your queries at the chat box.

Nifty update for 30-12-2009

2009-12-29T22:10:00.000+05:30

5200 level appears to be a very strong resistance for Nifty after closing at 5188. if tomorrow Nifty unable to sustain above 5200 then it may come down to 5170. Above 5200 resistance may test 5230 level.

If Nifty opens below 5184 and stay below this level then it may hit 5166 and after that 5150. Nifty has to keep itself above 5150 to retain its bullishness.
Since Around 5.70 lakh shares were added in open interest with increase in the cost of carry, indicating long accumulation. Therefore we may expect upward movement of the Nifty on 30-12-2009 after witnessing minor correction.
Tomorrow may be a choppy trading day due to increase in implied volatility on the option front by around 200-300 basis points. It may be range bound between 5180 to 5200.
Nifty Daily and Hourly charts are given for better analysis for the readers of this blog.

Nifty update for 29-12-2009

2009-12-28T19:16:00.000+05:30

Tomorrow if Nifty opens 5185 and stay above 5185 then possible target will be 5217 and then 5240. There could be a pull back from 5217 but it has to stay above 5190 to keep its strength. If it comes and stay below 5190 then Nifty could be range bound between 5160 to 5190.

At the lower side, if Nifty opens below 5170 and stay below 5170 then possible target will be 5140 . There could be some recovery at 5140 but if it stay below below 5150 there could be some selling pressure may lead the Nifty to 5100.

Nifty Indicators and Technicals

2009-12-28T12:47:00.000+05:30

Nifty 15 min Chart shows

5EMA (High Low) Indicator : Down
Support Resistance Indicator : Down
KPL(2 Day) Breakout Swing Indicator : Down
KPL(5 Day) Breakout Swing Indicator : Bullish but approaching towards 5165.
NMA Indicator : Bullish but approaching towards 5168
Price ADX Indicator : Down
Harmonic Pattern : Bearish on 23-12-2009

Nifty daily Chart shows

5EMA (High Low) Indicator : Crosses 5EMA High (Resistance but now support of Nifty) 5115 and staying at 5178
Support Resistance Indicator : Bullish but unable to stay above 5182
KPL(2 Day) Breakout Swing Indicator : Bullish
KPL(5 Day) Breakout Swing Indicator : Bullish.
Advance Trend Line Indicator : Bullish but unable to stay above 5191
NMA Indicator : Bullish
Price ADX Indicator : Bullish

Nifty Technicals

Daily RSI (14 Day) : 60.23 Bullish
Trin : 2.87 Bearish
RSI 2 : 93.5 Bullish but indicates overbought zone.
ADX(14) : 41 Gaining momentum
MACD : Positive Divergence.

Now what will happen tomorrow? Guess and comment.

Nifty weekly update

2009-12-27T12:21:00.001+05:30

There is a Cup & Handle formation in Nifty daily chart and the breakout in the chart indicates bullishness of the stock market in near future. Nifty made yearly high at 5198 but unable to stay 5182. According to technical indicators, it can be expected that Nifty may cross 5300 in near future but before that Nifty has to stay above 5182 on daily closing basis. Next resistance appears at 5216. Breaking of 5216 may lead the Nifty to 5302 and Next 5442. If Nifty unable to stay above 5216 then it may be range bound between 5200 to 4935.

Nifty daily and weekly charts with indicators are given which indicates absolute bullishness. Now we have to keep watch on volume. Only volume can save you from falling into bull trap.

Please comment on my post and put your quires at chat box.

Nifty spot update for 24/12/2009

2009-12-24T00:03:00.000+05:30

As I told yesterday through my twitter at 3.20 P.M. that Nifty will open flat positive tomorrow. It had happened today. Such a big rise was not expected but it was expected that market will be closed above 5015. But statements of PM and FM brings the Nifty at 5144 which is just 38 pts below the 52 weeks high 5182.55.

As per the technical analysis, 15 min intraday chart shows Nifty is at overbought zone breaking its 5 day moving average 5023. Now Nifty will now get strong resistance at 5180 and support 5074 on daily closing basis. Tomorrow Nifty has to close above 5100 to retain its momentum for the next week.

Since US market is showing mixed strength today. It may be expected that tomorrow may be a flat opening day. If it stays above 5159 after opening then it may hit 5190 else it may come down to 5130 and then 5100. If staying above 5190 then second resistance comes at 5230.

If stay below 5130 after opening the fist target is 5100 and then second target is 5060.

Nifty Pullback and Recovery point may be 5190 and 5100. Nifty may be range bound between 5160 and 5130. Whatever the opening but closing expected to be negative but above 5100.

Above Nifty intraday 15 min chart is showing negetive harmonic pattern with overbought zone.

Please comment on my post.

Best of luck.

Nifty spot update for 22-12-2009

2009-12-22T00:00:00.000+05:30

If you go through the put call buildup chart and Nifty snapshot, then you will be confirmed that Nifty in absolute bearish zone and under pressure due to bearish sentiment of the traders. But I still believe that Nifty will not break 4900 level easily.

Tomorrow if market opens above 4967 and stay above it then it will easily hit 4982. If Nifty opens around 4982 then it will be range bound between 4965 and 4985. If it stays above 4967 till 2 o’clock then it may test 5015.

Unable to sustain above 4961 may lead the Nifty to 4938 and selling pressure may lead Nifty to 4922 to 4907.

4961 is the pivot level of Nifty. Best of Luck.

Please put your queries on Nifty and any Stock if you want.

Nifty spot update for 21-12-2009

2009-12-20T22:17:00.000+05:30

After 15 minutes of the opening, If Nifty stay above 4994 then lead to 5024 and after hitting 5024 if it stays above 5005 then it may lead to 5065.

If Nifty stay below 4982 then lead to 4952. After hitting 4952 if it is unable to stay above 4970 then it may test 4935.

Above 5000 Nifty is bullish and below 5000 Nifty is bearish.

Nifty 15 min Intraday charts shows AB-CD Harmonic bullish pattern on 18-12-2009 despite of negative NMA signal.

Best of luck

Where are the Stock Markets heading for ?

2009-12-20T10:27:00.000+05:30

Most of the International markets are range bound and fails to break their earlier top except Nikkei. If we look international markets from 2 years perspective then it is easily understood that most of the markets are stalled due to uncertain economic conditions.

Although if we see the charts for long term view then the performance the markets can be ascertained.

Since Coppock is the long term indicator to understand whether the market is in bull or bear region. Therefore it can be watched that Indian and Chinese markets are performing well than other international markets.

In US markets, NASDAQ is performing better than DOW because NASDAQ has just entered into the bull region.

In European markets, FTSC has broken the trend line and both of them are moving sideways for last two months. I think pressure on European market will continue just because of US markets only. DAX is performing better than FTSC.

In Asian markets, Hangseng(China) is performing well than Nikkei(Japan). Japan is facing pressure because of their economic conditions.

I am very much doubtful about first quarter of 2010 and expect 20 – 25% normal correction in the international markets. Investors may depend on China and India for their investment during this period because of best performance of Indian Markets among other International Markets.

NSE Performance Charts

2009-12-18T20:31:00.000+05:30

Look at the NSE Index performance Charts which are given on daily, weekly and monthly basis. From the above charts, it will help you to decide which index is most profitable to trade.

Nifty weekly update

2009-12-18T19:01:00.000+05:30

At last Nifty has come out of its range but remains in its neutral zone. As per technical indicators, Nifty weekly chart is still showing its bullishness despite of breaking the trend line. Since 4900 is the strong support zone for the Nifty, therefore we may expect a great recovery around 4900. It may be 4910-4920. Closing below 4880 may lead the Nifty towards 4700 and next 4500. Actually 4986 is the first weekly support of Nifty. Second weekly support comes around 4910.

My updates on twitter

2009-12-18T14:52:00.000+05:30

Dear Readers

Sometime I am unable to post updates in my blog due to lack of time but I always post live update of Nifty at twitter. If you do not get updates at my post then keep open my blog during market hours and keep watch on twitter window at the right hand side of the blog. refresh it every half an hours. I think this process will also help to trade.

You can also put your question which is in your mind regarding Nifty and NSE stock. I will try to answer your question in due time.

Always comment on my posting.

Have a good luck.

Nifty update for 17-12-2009

2009-12-16T21:46:00.000+05:30

Nifty closes at very confusing state. I do not know what sentiment works for the traders who drive Nifty above its previous close. Not only that, it also closed above its pivot point 5038.

From the derivative point of view, it is observed that around 12.00 lakh shares were reduced in open interest with increase in the cost of carry, indicating short covering in the

market. On the other hand in the option front, implied volatility has decreased by around 250-350 basis points, indicating that buying may continue to emerge at lower levels.

However I still believe that still Nifty is in the bearish zone until it closes above 5078.

I personally assume that the range 5224 and 4932 is the neutral zone. 5078 is working as a border line between bear and bull.

Tomorrow opening may be another flat opening. Positive or Negative that does not indicate much.

On the upper side : After 15 min of opening, if Nifty stay above 5048 then it may hit 5060 and above 5060 it may test 5078 which also works as first resistance . Above 5078 it may hit 5104. (possibility still under ?)

On the lower side : If Nifty unable to stay above 5036 then it may hit 5024 and below 5024 it may test 5006. 5006 is the first support and second support comes at 4972.

Tomorrow Nifty may be range bound between 5024 to 5060 and closing between this range will cause another confusing trading session.

Please put your comments and questions if this post helps you to trade better.

Nifty update for 16-12-2009

2009-12-15T18:17:00.000+05:30

At last the breakout has happened at the downside leading the Nifty towards bearish zone. Now let’s looks at the Nifty levels for tomorrow (16-12-2009).

Tomorrow may be another negative opening for Indian Market depending on global cues.

If Nifty opens below 5022 and stay below 5022 then it may touch 5002 and below 5002 Nifty will lead to 4973. Which will work as a first support also. The ultimate support appears at 4942.

4800 will work as strong support for near term.

A recovery may appear at the level 4973. Now we need watch whether it is staying above 5000 or not. If it is so then Nifty will lead to 5022 and 5043 otherwise it will be range bound between 4980 and 5010.

If Nifty opens above 5043 and stay above it then it may test 5064 (Chances are less). Which will work as first resistance also. Ultimate resistance is 5095.

If this posting helps you to trade then please comment on it.

Nifty update for 15-12-2009

2009-12-14T22:03:00.000+05:30

From the above chart, It is indicated that Nifty is slowly defining its direction. It has already broken the trend line. Bearish state of Nifty will be confirmed when it will break 5058 and will stay below it. For keep its bullishness Nifty has to be above 5150 and sustain above it. Bullish state of Nifty will be confirmed when Nifty stay above 5150. Till now Nifty is caught in a range 5180 to 5050. It is recommended for those, who are not professional traders, not to trade on Nifty Future. Nifty is a range bound because most of the traders are playing wait and watch game. Tomorrow (15-12-2009) opening should be watched whether it is breaking 5112 or 5099.

Tomorrow may be the flat opening. Negative or Positive whatever it is. Just watch below given levels. If opens and stay below 5099 then it may test 5087 and further more it is 5069. Ultimate support appears at 5050. If unable to break 5099 and opens and stays above 5112 then it may test 5124 and stay above 5124 it will hit 5143. Ultimate Resistance appears at 5182.

Post your comment if this post helps you to trade.

3 easy ways to start saving now

2009-12-11T15:47:00.001+05:30

By Walter Updegrave, Money Magazine senior editor

1. Take the saving decision out of your hands. People don't fail to plan for retirement because they don't believe it's important. It's because saving doesn't come naturally to most of us. Part of our brain is hard-wired for immediate gratification. And even if you possess the willpower to forego pleasure today for a payoff tomorrow, exercising it on a consistent basis can be a tough considering that affording even the necessities can be a challenge these days.
That's why the most effective way to save for retirement is to put your savings on autopilot. If you've got a 401(k) or similar plan at work, enroll in it so that money flows automatically from your paycheck into your retirement savings account before you even get a chance to spend it. If your employer doesn't offer such a plan, then open a traditional or Roth IRA through an automatic investment plan that transfers cash from your checking account into a fund each month. (Morningstar's IRA calculator can tell you how much you can contribute.)
Many fund companies allow you to start such a plan with a few hundred bucks or less. To find the minimum for a specific fund, plug the fund's name or ticker symbol into the "Get Quote" box that appears at the top of every CNNMoney.com page and select "Fees & Management" from the Fund Snapshot.

2. Don't get bogged down by details. Despite good intentions, some people never get around to starting a retirement plan because the whole process just seems too complicated. Deciding how much money to put away, which investments to choose, how much to invest in each one...The number of choices can feel overwhelming and lead to paralysis.
I'll let you in on a little secret, though: Every decision you make doesn't have to be perfect. The most important thing is to get the process going. If you sign up for your 401(k), contribute at least enough to get the full employer match. Can't manage that? Then start with a percentage of salary you can handle, even if it's just 5% or less. If you go the IRA route, pick a monthly contribution you know you'll be able to sustain.
As for investing, keep it simple there too. If you're uneasy about choosing investments, go with a target-date retirement fund. If that's not an option, go with a balanced fund or split your contribution between a total stock market index fund and a total bond market index fund or between a large-cap stock fund and a diversified bond fund. Or for that matter, just stick the money in a money-market fund until you find a better place.

3. Keep the momentum going. Good investing can help build your nest egg, but the surest path to a secure retirement is regular saving. So as you progress in your career and earn more money, try to ratchet up your savings effort as well.
You'll increase your odds of maintaining your savings regimen if you avoid taking on unnecessary debt. Remember that study I mentioned earlier? Well it also found that Gen Yers hold more than three credit cards on average and 20% of them carry a balance of more than $10,000.
Hey, I know credit cards are convenient. But if easy borrowing is getting in the way of saving for retirement, then maybe you need to kick the plastic habit and operate on a cash basis.
Once you've got your retirement plan underway, you can always change or refine your choices later. You can re-assess how much to save, revise your investments and monitor your progress by checking out online resources like our Ultimate Guide to Retirement and our Retirement Planner.
But if you never take the first step, you won't have anything to change or refine. Except perhaps your retirement plans, which you'll have to downsize.

Source : CNNMoney

Free Market Update through mobile phone

2009-12-11T11:50:00.000+05:30

Market Hypothesis has started mobile service for free daily market update. Interested readers may subscribe their mobile number.

Nifty Update for 11-12-2009

2009-12-10T17:50:00.000+05:30

It was another sluggish day of trade with low participation. But there was some recovery and buying in telecom, auto and metal stocks.

Tomorrow (11-12-2009) may be the flat negetive opening for the market. If Nifty opening below 5129 and unable to hold 5129 then may test 5100.

A pullback may be appear at 5100 level and if Nifty unable to sustain above 5118 the it may hit 5065-70. Ultimate support appears is 5063.

On the upper side, if Nifty hold above 5118 then it may hit 5140. Market may take a pause at the level 5140. above its level it may hit 5166 (Chances are less). Ultimate resistance appears at 5187.

From last twodays Nifty has been rangebound between 5050 to 5190. Breaking the either level may drag the market to bearish or bullish zone.

Nifty update for 10-12-2009

2009-12-09T17:01:00.002+05:30

Tomorrow may be the another flat opening day. Negetive or Positive whatever it is but overall trend will be positive.

Nifty Spot levels to be watched are given R2 5173 R1 5141 Pivot 5116 S1 5083 S2 5058.

In the first half nifty may touch 5140 and correction may appear at the levels 5143-5145.

If Nifty unable to break 5128 and sustain above it and also breaks today’s high 5148, . then Nifty may hit 5170-5180. Otherwise it may be rangebound between 5100 to 5140.

Buy signal for the following stocks

2009-12-08T21:51:00.000+05:30

Following Stocks indicate buy signal for positional trade. If closing above resistance then previous resistance should be treated as stoploss. Any queries will be answered at the right hand side chat box.

Balrampur Chini CMP 138.95 Buy above 137 Resistance 141,144,149 SL 130
Gitanjali CMP 123.3 Buy above 122 Resistance 125,127,131 Stoploss 116
Rajesh Expo CMP 80.4 Buy above 81 Resistance 85,90,93 Stoploss 75

Enjoy and Good luck

A pause that refreshes, or signs of a double dip?

2009-12-07T16:03:00.003+05:30

Written by Manas Chakravarty, Ravi Ananthanarayanan, Mobis Philipose and Vatsala Kamat

It’s not just the manufacturing sector that saw a slowdown in November. According to the HSBC Markit Purchasing Managers’ Index (PMI) data for the Indian services sector, business activity fell to 55.20 last month from 56.78 in October. A reading above 50 signifies expansion, so the growth continues, albeit at a more sedate pace. More worrying is the new business sub-index, which fell to its lowest in six months. Also, despite the stories of companies stepping up hiring, the employment sub-index for the services sector was a borderline 50.93 in November. Nevertheless, the PMI for services is now higher than for manufacturing, which is a good thing considering that services have a much larger weight in the economy.

It’s not just the manufacturing sector that saw a slowdown in November. According to the HSBC Markit Purchasing Managers’ Index (PMI) data for the Indian services sector, business activity fell to 55.20 last month from 56.78 in October. A reading above 50 signifies expansion, so the growth continues, albeit at a more sedate pace. More worrying is the new business sub-index, which fell to its lowest in six months. Also, despite the stories of companies stepping up hiring, the employment sub-index for the services sector was a borderline 50.93 in November. Nevertheless, the PMI for services is now higher than for manufacturing, which is a good thing considering that services have a much larger weight in the economy.

In manufacturing, the index for new orders is at an eight-month low, although lower growth in export orders is partly responsible. The new orders-inventory ratio, a metric that has been cited as a leading indicator, has been coming down.

Could this be a sign that after the scorching rally in the September quarter, the economy is pausing to catch its breath? If so, this won’t be the first time that has happened. During the last downturn, for instance, the growth rate in manufacturing fell to dismal levels in 2001-02 after the dotcom bust, improved substantially in 2002-03, decelerated in 2003-04 and then roared back at full speed in 2004-05. Of course, the base effect had a lot to do with it. The US economy in the early 1990s also saw a double dip after the savings and loan crisis, which too was a housing sector bust. After contracting by 0.2% in 1991, it grew by 3.4% in 1992 only to fall back again to a growth rate of 2.9% in 1993.

The global economy too saw a pause in November, with the JP Morgan Global All-Industry Output Index, which is the combined world manufacturing and services PMI, falling to 51.6 during the month. This has been the slowest rate of increase during the current recovery.

Is this the pause that refreshes, or the beginning of the much-feared double dip? The upbeat US payroll numbers on Friday point to the former.

Source : Livemint (Mark to Market)

The State of the Indian Economy 2009-10

2009-12-05T14:28:00.002+05:30

Indian Council for Research on International Economics Relation has published “The State of the Indian Economy 2009-10” by Mathew Joseph, Karan Singh, Pankaj Vashisht, Dony Alex , Alamuru Soumya, Ritika Tewari & Ritwik Banerjee, in October 2009. The following attachment is given for the readers of this blog.

http://www.icrier.org/publication/Workingpaper241.pdf

Source :ICRIER

Nifty weekly technical outlook

2009-12-05T13:48:00.001+05:30

The Nifty tested the highs of 5138, almost touching our short-term target (5140-5180) and sharply reacted on the expiry day. By
Friday morning, it tested the levels of 4800, although it bounced in late trade to close at 4941
• The weekly chart is displaying “Engulfing Bearish line”, which suggests bears are wresting control of the market from the bulls. The
high of the pattern at 5138, now remains a crucial upside resistance for the coming week or two
• On the daily charts, the Nifty has breached the 38.2% retracement of the current rally, although only on an intraday basis. However,
failure to hold above 4900 for the coming week may see prices dropping down to 4800-4770 area, which is the 61.8% retracement
of the rally. Further negative crossover of the RSI and stochastic oscillators suggests negative momentum
• On the higher side, 61.8% retracement of the past two day’s fall works out to 5015 levels and may be our first resistance point. We,
therefore, expect the Nifty to trade in the range of 5000-5020 levels on advances and 4800-4770 on declines with a negative bias.
We, therefore, suggest going short on rallies up to 5000 mark for downside targets of 4870/4800/4770. A change of view would be
warranted above the 5050 mark

Source : ICICIDirect

State of Major International Indices with Indian Indices

2009-11-22T17:15:00.007+05:30

From the above charts, it is assumed that most of the markets are under pressure and stayed at the overbought zone. Short term and Medium term investors are suggested to stay away from taking any new long position.

Indian markets are moving around its bull and bear juncture. Therefore your are suggested to be cautious at this level.

Think about it.

2009-11-10T21:29:00.004+05:30

Why we are only running after NIFTY only. Look at the performance chart and choose your favorite index to trade for minting money.

Put Call Status after Oct. 2009 Expiry

2009-10-29T22:00:00.001+05:30