NIFTY :The nifty index opened at 5180, the nifty index was very volatile yesterday, 5192 was the high of nifty, and nifty lost 85 points at the end and closed at 5093. On lower level to watch the support level 4984-4971 to be watch out on panic.
Resitance 5120-5180-5207 Support 5008-4971-4947
MAJOR SUPPORT WATCH OUT
BSE - 16684. NIFTY - 4986
INDIAN STOCK MARKET TIPS TECHNICAL CALLS Headline Animator
Monday, May 17, 2010
Tuesday, May 11, 2010
Monday, May 10, 2010
NIFTY DAILY VIEW
TODAY NIFTY HAS STRONG SUPPORT @ 5000-4960- 4933 - 4826 WHILE RESITANCE @ 5100-5140-5154 - 5247
HIGHER LEVEL SELLING OPPORTUNITY
Below 5200 target are 4950-4850
HIGHER LEVEL SELLING OPPORTUNITY
Below 5200 target are 4950-4850
Sunday, May 09, 2010
Friday, May 07, 2010
Thursday, May 06, 2010
NIFTY DAILY VIEW
Corrective Rally will Face Resistance
NIFTY - 5180-5200
BSE - 17244-17350.
Near Term Trading Range 5100-5200
Break Down of Trading Range Ultimate Target of Nifty - 5013-4941-4774 BSE - Below 17344-17275
Do not think to buy side. Exit Banking Stocks too Bank Nifty Target 9200 +
The key benchmark indices is trading low on back of weak European market but has managed to cut some losses as buying interest has emerged across selective indices. Earlier in the day the setback in world stocks triggered by deepening worries about sovereign debt issues in Europe, which pulled the domestic market below the psychological 5100 level. Yesterday the nifty index starts very deep negative, the breadth of the index was also very weak , there are 22 stocks were in advanced 27 were in decline and one remain unchanged, the top gainer was BHARTIAIRTEL, and SAIL, while the looser were JPASSOCIATE and JINDALSTL. Overall the nifty lost 23 points (46%). Buying momentum in last hour pulled the nifty up, for today's trading session the support would be at 5056 and the resistance would be at 5148-5180-5200
NIFTY - 5180-5200
BSE - 17244-17350.
Near Term Trading Range 5100-5200
Break Down of Trading Range Ultimate Target of Nifty - 5013-4941-4774 BSE - Below 17344-17275
Do not think to buy side. Exit Banking Stocks too Bank Nifty Target 9200 +
The key benchmark indices is trading low on back of weak European market but has managed to cut some losses as buying interest has emerged across selective indices. Earlier in the day the setback in world stocks triggered by deepening worries about sovereign debt issues in Europe, which pulled the domestic market below the psychological 5100 level. Yesterday the nifty index starts very deep negative, the breadth of the index was also very weak , there are 22 stocks were in advanced 27 were in decline and one remain unchanged, the top gainer was BHARTIAIRTEL, and SAIL, while the looser were JPASSOCIATE and JINDALSTL. Overall the nifty lost 23 points (46%). Buying momentum in last hour pulled the nifty up, for today's trading session the support would be at 5056 and the resistance would be at 5148-5180-5200
Wednesday, May 05, 2010
ECONOMY NEWS MAY5 2010
The latest data showed infrastructure sector output jumped 7.2% in March 2010 from a year earlier, higher than an upwardly revised rise of 4.7% in February 2010.
The Indian Meteorological department (IMD) expects normal rainfall in the June-September monsoon season this year. Rainfall is likely to be 98% of the long-term average, the IMD said on 23 April 2010. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation. The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season holds key.
The Reserve Bank of India expects India's economy to expand 8% in the year ending March 2011 (FY 2011) with an upward bias, assuming a normal monsoon this year and sustenance of good performance of the industrial and services sectors on the back of rising domestic and external demand.
The RBI at its annual policy review on 20 April 2010 said it will continue to monitor macroeconomic conditions, particularly the price situation closely and take further action as warranted. A 25 basis points hike in the cash reserve ratio (CRR) with effective from 24 April 2010 will suck out excess liquidity of Rs 12500 crore from the banking system.
In its half-yearly World Economic Outlook, the International Monetary Fund (IMF) has pegged India's GDP growth at 8.75% in calendar 2010 and 8.5% in calendar 2011. According to the IMF, domestic demand in India will strengthen as the labour market improves, and investment is expected to be boosted by strong corporate profitability, rising business confidence and favourable financing conditions.
The Parliament on Tuesday passed the Union Budget 2010-11 with the Rajya Sabha approving the Finance Bill. Earlier, the bill was passed in Lok Sabha. The Finance Bill now requires Presidential assent before the provisions are notified. Finance Minister Pranab Mukherjee in a debate on the Finance Bill remained firm on not rolling back increase in fuel prices
The Indian Meteorological department (IMD) expects normal rainfall in the June-September monsoon season this year. Rainfall is likely to be 98% of the long-term average, the IMD said on 23 April 2010. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation. The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season holds key.
The Reserve Bank of India expects India's economy to expand 8% in the year ending March 2011 (FY 2011) with an upward bias, assuming a normal monsoon this year and sustenance of good performance of the industrial and services sectors on the back of rising domestic and external demand.
The RBI at its annual policy review on 20 April 2010 said it will continue to monitor macroeconomic conditions, particularly the price situation closely and take further action as warranted. A 25 basis points hike in the cash reserve ratio (CRR) with effective from 24 April 2010 will suck out excess liquidity of Rs 12500 crore from the banking system.
In its half-yearly World Economic Outlook, the International Monetary Fund (IMF) has pegged India's GDP growth at 8.75% in calendar 2010 and 8.5% in calendar 2011. According to the IMF, domestic demand in India will strengthen as the labour market improves, and investment is expected to be boosted by strong corporate profitability, rising business confidence and favourable financing conditions.
The Parliament on Tuesday passed the Union Budget 2010-11 with the Rajya Sabha approving the Finance Bill. Earlier, the bill was passed in Lok Sabha. The Finance Bill now requires Presidential assent before the provisions are notified. Finance Minister Pranab Mukherjee in a debate on the Finance Bill remained firm on not rolling back increase in fuel prices
NIFTY DAILY VIEW
YESTERDAY WE SAID
Close below 5200 bearish head and should pattern will give a target 5140-5050-5000 mark easily. So Higher level locate the shorting opportunity.
Tuesday, May 04, 2010
Monday, May 03, 2010
NIFTY DAILY VIEW
On Friday trading session the market open with firm note, but as soon as the day go through the market pick to rose, with the strong global cues the market open positively, moreover the opening of Asian market and hope of a quick Greek rescue package also aided gains. The nifty was gained 0.5% the top gainer was BPCL with 5% and HERO HONDA 4%, while the looser were AMBUJACEM and WIRO. The breadth of the market was good there 31 scrip were in advanced out of top 50.
on technical charting the nifty-50 index had start to form double bottom pattern but the vision is not so clear after 1-2 trading days it will be clear. For today the support @ 5256, while the resistance @ 5297
on technical charting the nifty-50 index had start to form double bottom pattern but the vision is not so clear after 1-2 trading days it will be clear. For today the support @ 5256, while the resistance @ 5297
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