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Chennai, Tamil nadu, India

Monday 24 November 2008

24/11/2008 Views

Hi, Nifty closed at 2693 below the 21st Nov high of 2717. That shows that shorts are created at high . Since American market closed high we may see some upside here also. Nifty has to cross 2720 first and cross 2800. then the resistance will be at 2985 and 3000. All technical analysis may go hay ware since November future contract will expire on coming Thursday. So we will see lot of volatility in the market. Investors with weak heart will be better off if they stay away from the market. Downside Nifty may touch 2600 and 2550 level before the expiry day. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Wednesday 19 November 2008

19-11-2008 Views.

Hi, Nifty took support at 2680 level after breaking 2700. We may see some more down side.Nifty may take support at 2630 level and go up. If it goes down further it may take support near 2530 .Below which it may touch 2250 and move up. On higher side it will face resistance at 2700 beyond which 2800 may be the resistance. Above 2800 ,2830 and 2870 will prove stiff resistance. Any how market is looking for a good reason to go up to 3000 and 3100 level. But whether this level is reached after touching 2250 or not is a big question. Sugestion: Investers can book profit of 2900put when the market goes down and buy outof the money call say2800 call or 3000c at lower level of nifty. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Tuesday 18 November 2008

18-11-2008 Views

Hi, Nifty has not moved up as expected.The world economy is down due to problems in America. Still dow has to find its bottom. Nifty will go down if it has not moved above2800, 2820,2840. It may find support at2700.If it cannot sustain above 2700 next support level will be 2500. My gut feeling is nifty may go down further and find its level at 2200 and below. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Wednesday 12 November 2008

12-11-2008 Views

Hi, Technically there was move upwards. But it was aborted as it was thought it will have resistance at 3150. Heavy selling brought nifty to the level from which Nifty may go up. Important level to watch is 2900 to 2920. If this level is held then nifty will regain its near 3150 level. If nifty follow up the sentments of the world market it will come down more to 2860. If 2860 is not held nifty may come down to 2670, 2600 levels. The investers can hold 2900 put for some more time and can take advantage of cheaper calls and buy 3100 c. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Tuesday 11 November 2008

11-11-2008 Views

Hi, Investers are at profit if they had bought 3000c. They can hold 2900p and if market opens high it is better to sell 3000c and buy again if market tanks. Today Nifty will face resistance at 3150. Then at3200,3240. nifty will move only above 3240. Below 3100 we may get support at 3000.Below which nifty may touch 2930,2860 Further profittaking may drag down to 2600 level. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Sunday 9 November 2008

10-11-2008 Views.

Hi, After the American election the world market fnished with gain. Indian sharemarkets also closed in green. The nifty is in a position from where it can move up or down.It is just above 2960 which is an important support.it will face resistance at 3000 and then 3150 . If it crosses 3240 we can see upmove. Below 2960 we may see support at 2780 , 2700 ,2630 below which nifty may be taken down to 2550,2500 initialy.Below we may find nifty to find major support around 2250. The author is of the opinion the investers can buy 3000c and 2900 put . They stand to gain . Best of luck in trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Thursday 6 November 2008

6-11-2008 Views

Hi, Much awaited US election is over. New power has been elected.whether it will do good to Indian economy or not we have to wait and see. Definitely it has not helped our market to define the bottom. Nifty has closed at 2994. Immediate support is 2900 and next support is around 2860 below which it may touch immediate lows of 2760,2660,2600,2400, 2350,2300. Below 2300 Nifty may come to 2200 levels, where nifty may find the bottom. Similarly immediate resistance may be 3050,3100,3145,3200. Nifty will show strength only above 3200 and face resistance at 3350. Best of luck in your trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Tuesday 4 November 2008

04-11-2008 Views

Hi, Nifty is still not out of woods. The more aids and stabilising methods from governments coming more negative feeling will set in. The situation is suitable for only big players who can manipulate the market and swallow the individual investors. Nifty went past 3000 and closed 3043.It has to cross 3100 with force to be in the upward journey. Again at 3200 region Nifty will undergo heavy selling pressure. If nifty sustain above 3250 we can expect some higher levels. If nifty is unable to cross 3064 and 3100 region it will come to 2500 level and below. Best of luck in your trading. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

Monday 3 November 2008

3-11-2008 Views

Hi, Hope investers enjoyed profit following the straddle sugestion during month of October. Now nifty is looking up. But this is momentary. Nifty has to cross 3250 to become strong. Nifty will have to cross above 2920 to show short term up ward movement. It will face stiff resistance at3000 and come to as low as2000 and 1800. To cash the short term uptrend we can buy 2900 call at low and sell 3200 call option at high and carry through. But it is prudent if the position is closed when profit is seen. Wish you a prosperous trading. Disclaimer: Please take trading position based on your own analysis. The sugestion given above maynot yield profit and the author is not responsible for any loss.

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