31-12-2008 Views

Hi, Today is the last day of the year 2008 ,the share market will close on a positive note. On 30-12-2008 Nifty could not pass above 3000 and settled around 2980 which is a very good support point. Today Nifty will face resistance at 3050 above 3000. Then at 3100. If Nifty crosses 3100 we may see 3200 and above. The support is at 2920 range and below which 2900,2890,2860,2800 may arrest the down fall. 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.

29-12-2008 Views.

Hi, If Nifty goes below 2860 the support will be 2713 .If Nifty goes below this level the support will be around 2650. If Nifty sustains above 2650 it may go up to 3000,3100 range. If Nifty goes above 3100 strongly next resistance will be at 3250. If nifty cannot go above these resistance levels it may go below 2600 to 2550 and 2500. 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.

26-12-2008 Views

Hi, Nifty has closed just below 2920 which is very crucial support level.If Nifty sustains below this level then we may see more down side. World markets are subdued showing narrow movements. If Nifty is not going below 2920 on closing basis we will see more upside. Resistances are 2960,3000,3080. Supports are 2900, 2860,2800, 2750. 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.

23-12-2008 Views

Hi, Nifty seems to confirm my views on 22-12-2008.Today whether nifty will go down below 3000 we have to wait and see. If Nifty gets support at 3010 level it may retrace yesterday, levels . Next support for Nifty will be 2980 below which 2920. 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.

22-12-2008 Views

Hi, Nifty finished in positive zone for the last week but near the resistance. But still Nifty is not out of woods. If nifty cannot pass above 3100 and come below 3000 there will be more down. It is better to be long with hedging rather than keep unprotected long position hoping Nifty will go up and finish this month with gains. Lot of volatilility is expected since next week is accounting year end for many as well as end of December month contract. 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.

19-12-2008-Views

Hi Nifty has to go above 3100 to reach further heights from 3060 ,a resistance point. Anyhow Nifty may have heavy resistance at 3150 and selling pressure may take the Nifty down. Nifty has support at 3000.Below which supports are 2955,2920,2800 and 2740. Considering this we can continue to hold 3000 call short and sell 3000 call around 3100 if market finds difficult to move above 3100. 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.

18-12-2008 Views

Hi, Hope investors would have enjoyed shot in 3000call yesterday. Today Nifty may go side ways biased towards down side. Immediate support for Nifty is at 2915,then at 2945. Below which 2820 is good support. If nifty goes below this point support will be at 2780,2755,2740 range.If Nifty cannot sustain above this series of supports it may go to 2650 and 2600 levels. Resistance will at 3000 and above this will be at 3100. Investors who are keeping the shots in 3000call can go long at 3000call. This position can be carried to Monday. 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.

17-12-2008 Post Market Views

Hi, Today Nifty opened near the close of yesterday and went beyond my suggested level of 3060.But it got resisted at 3076 and started coming down.It took the minor support at 3000 and moved sideways between 3020 and 3040 . Finaly when the bulls could not keep Nifty above this level. Nifty slipped to 3000 , after witnessing slight suppot here slipped to 2943 and as it was suggested in the morning Nifty took support and closed 11 points higher at 2954.

17-12-2008 Views

Hi, Nifty is in buy mode. But it has to cross 3060 initially to continue its upward journey. Nifty has resistance at3148 region then at 3160. Above this level Nifty may go up to 3200. Nifty has support at 2940 then at 2900 level, below which support is 2860 which is very important level. People who are long in nifty future can hedge their holding by selling 3000 call option matching to their holding. 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.

13-12-2008 Views

Hi, Nifty as our views on12-12-2008, came down and took support at 2812.55 rebounded and closed positive at 2921.35.The close was same as the previous day that is a Doji. That shows indecision. market can go either way up or down. Nifty on up side it may go up to 3100 beyond 2975. Nifty on down side it may go to 2800 beyond 2850. For upside Nifty has to break 2960 convincingly to go up otherwise it may be range bound. 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.

12-12-2008 Views

Hi, Nifty could not go above 2928, which is 34Ema on 3months chart. That shows Nifty has met resistance at this point. one consolation is it has closed above the 34Ema in daily chartdaily chart. Today Nifty may open negative at around 2860 which was low yesterday. Below which Nifty may go down to 2550 and 2500. Investors can enter into 2900 long stradle. Investors are advised to book profit at call if Nifty is unable to move up above 2960 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.

11-12-2008 Views

Hi, Nifty yesterday closed at 2928.25.which is at 34ema of 3months chart. Today Nifty may open positive following sgxnifty.My feeling is today market may be sideways between 2928 and 3000. If Nifty breaks 3000 it may go up to 3150. down side it may go to 2800 and then to 2750 below which the support is at 2550. 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.

10-12-2008 Views

Hi, Nifty went up to 2861 and closed at 2786.N1fty has to move above2790 as the first huddle and then 2800 . Unless Nifty sustains above 2860 Nifty cannot see higher level. However nifty will face stiff Resistance at 2928 which is 34ema. Nifty will get support at 2715 below which support at 2600,2570,2530,2500 cannot be ruled out.Below 2500 Nifty may go down to 2250 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.

08-12-2008 Views

Hi, Nifty on Monday Nifty has to cross 2800 comfortably to reach 2940 where it may face stiff Resistance. Below, Nifty may get support at 2700. Below 2700 it may get support at2640,2612. If nifty cannot sustain above 2640 level next support is around 2540,2500 . If Nifty does not stop downside journey at 2500 It may go down to 2200. Though American market ended positive, initially it may open downside. If Nifty opens down then we may see some upside. 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.

03-12-2008 Views

Hi, Nifty was 100 points down at one time and closed at after covering most of the lost ground at 2657.8. Today Nifty has to cross yesterday's high 2672 and then 2680 to move up.If Nifty fails to move up beating 2680 ,the support will be 2600,2550,and 2500.Nifty has all the chance of touching 2500 and rebound . Investors who have not booked profit in 2700 put can book profit when nifty tanks to 2600 level and buy 2500put. 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.

02/12/2008 Views

Hi, Nifty crossed 2780 but could not cross 2860 for that matter it got resisted at 2840 level and came down.Though it could not get support at 2700 ,it got support at2670 and closed at 2782. World indices are down which is shown in this blog may drag Nifty also down. Today Nifty may open down and move up. Investors who have bought 2700 long straddle can hold .People who can take risk can book profit of 2700 put when the market tanks and hold 2700 call to get in to profit.But always play the market according to the trend. Nifty may take support at 2630, below which 2540 and 2500. Nifty has to move past 2860 very strongly to see higher 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.

01-12-2008 Views

Hi, The year 2008 is going to end. From Jan2008 high we have come down to say-50% level in most of the stocks. The terror attack has brought out OUR INDIA feelings among us. On the last day of November2008 FIIs did some buying. Nifty also closed up compared to previous day. This we can take as positive sign. Nifty closed above 34EMA at2755 as on EODchart.If Nifty goes up above 2780 we can see some upward. IF nifty cannot move up then it may come down to 2500 and below. Nifty has good support at 2700 below 2755 and resistance of 2860 above 2780 level. Investors can safely buy 2700 call and 2700 Put and watch for this week . IF the straddle is on profit it is better to book profit and re enter since the time matures the value of the premium reduces. 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.