Pivot for Dow Jones is 12,950 and support 12,820;
Below 12,955, Dow is negative.
Friday, May 16, 2008
Dow Jones Tonight for May 16 - Viral Joshi
Posted by VIRAL JOSHI at 8:27 AM 0 comments
Labels: DOW JONES, US, VIRAL JOSHI
Nifty Future For 16 May - Viral Joshi
Nifty future pivot is 5080 and support is 5050;
S1 5100; S2 5080; S3 5050; and R1 5150; R2 5180; R3 5220;
Buy above 5120 and if it breaks 5150, then 5180-5220;
Short below 5100 and if it breaks 5080 then 5050-5030.
Posted by VIRAL JOSHI at 8:25 AM 1 comments
Labels: NIFTY FUTURE, NSE, VIRAL JOSHI
Nifty Future for May 16 - Rakesh Chandra
Once again, everything is going fine according to analysis. Market did resist for about 2 hours during the day as mentioned in yesterday's report. I had said,"... keep in mind that the bears are still smiling, so volatility not be ignored". At the same time, I had said: "now the match is under the bulls control". As we saw, ultimately the price went up, and now the intermediate momentum and direction is upward and accelerating, which will lead to Nifty future's weekly level (check earlier reports). Now it is time for positional traders to take profits home at a comfortable level. Coming Monday, we shall have a new weekly report, and we will add position according to the direction prevalent at the time. Specific stocks would perform according to their technicals.
Intraday bullish level is 5,122.26;
Intraday bearish level is 5,109.74.
Posted by Unknown at 12:03 AM 0 comments
Labels: NIFTY FUTURE, NSE, RAKESH CHANDRA
Thursday, May 15, 2008
Nifty Updates for May 16 - Bang On! - Inder Bhatia
Hourly Chart: The Indian market opened bang-on and closed near the day's high. Above 5040-5080, a big move could seen. Nifty is trading in a channel band and is heading for the upper band of 5340, but before this will pause near the 5220 zone. On the lower side, 4930 will act strong support zone . We could see some action in the banking and power sectors.
Hot Stocks: Bank of India and ICICI Bank.
Posted by Anonymous at 10:15 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE, STOCKS
Nifty and Stock Calls View for May 16 - Kailash Pareek
Nifty did well today. As mentioned in the last post, we may break out within 8-10 trading days. Things are getting positive now and the fear is less. I guess traders will return once again. As there is no change in my views regarding Nifty, lets move for calls for tomorrow.
Posted by johnny at 4:55 PM 0 comments
Labels: KAILASH PAREEK, NIFTY, NSE, STOCKS
Dow Jones Tonight for May 15 - Viral Joshi
Pivot for Dow Jones is 12,955; Support at 12,780;
S1 12,880; S2 12,860; S3 12,820/12,780; and;
R1 12,920; R2 12,955; R3 12,980/13,100;
Above 12,955 will be a big positive;
Below 12,900 negative;
Posted by VIRAL JOSHI at 3:49 PM 1 comments
Labels: DOW JONES, US, VIRAL JOSHI
Nifty Spot for May 15 - Tanmoy Ghosh
Spot Nifty +is positive above 5039; and UT is 5062 / 5102 / 5122 max;
and lower target below 5001 is 4961 / 4929 max.
Watch IFCI. Hope you all remember my prediction on April 17. Now watch May 21, (plus or minus 1 day), the day for correction.
Posted by Bhoomi Trader at 10:28 AM 1 comments
Labels: NIFTY, NSE, STOCKS, TANMOY GHOSH
Nifty Future for May 15 - Rakesh Chandra
An upside opening of Nifty future will again have a UT1 of 5066, and then there will be consolidation on 5-min scale. Then have to check posibility or truncation of 5th upwave. It depends upon how much time it has taken in consolidation and how much low it made. Let's leave this part to the market.
Intraday bullish level is 5,018;
Intraday bearish level is 5005;
(Check weekly report for upper and lower targets).
Posted by Unknown at 8:00 AM 0 comments
Labels: NIFTY FUTURE, NSE, RAKESH CHANDRA
Nifty Future for May 15 - Viral Joshi
Pivot for Nifty future is 5000; support: 4950
S1 5000; S2 4980; S3 4950/4920; and R1 5030; R2 5065; R3 5080/5150;
Buy above 5005 and if it breaks 5030, then 5065 - 5080 - 5150;
Short below 5000 and if it breaks 4980 then 4950 - 4920;
once 5080 breaks, fresh buying will take place .
Posted by VIRAL JOSHI at 7:49 AM 1 comments
Labels: NIFTY FUTURE, NSE, VIRAL JOSHI
Wednesday, May 14, 2008
Wipro Chart Shows Bullishness - Dr Zingaro
Posted by drzingaro at 11:01 PM 0 comments
Labels: DR ZINGARO, NSE, STOCKS, WIPRO
Nifty Self-Explanatory Chart - Inder Bhatia
Posted by Anonymous at 10:12 PM 0 comments
Labels: INDER BHATIA, NIFTY SPOT, NSE
Nifty Update for May 15 - Bulls in Control - Inder Bhatia
Hourly Chart: The Indian market closed in the green. After a shaky start, Nifty found its ground near the 200-hour SMA, and started its upward journey, managing to close above its day's high.
Nifty is making a “W “ pattern on hourly char. In the coming session, if Nifty trades above 5031, it will test 5066. If Nifty breaks 5066, and trades convincingly upward, its target would be 5150-5178. On the lower side 4930 will act strong support.
Buy Nifty above 5028; T5060 - 5077; stoploss 4995.
Posted by Anonymous at 10:03 PM 0 comments
Labels: INDER BHATIA, NIFTY SPOT, NSE
200 HMA-gic: Magician at Work
They have two alternatives:
- Retreat back a bit, take a start a la Shoaib Akhtar and make one more attempt on this level;
- Just run away (as in start covering shorts).
Interestingly, the Dow is behaving exactly the way Nifty is, up 100 points after just 25 minutes of trade today. If Dow closes strong, expect a strong opening tomorrow, and enjoy the 200 HMA-gic.
Potential Nifty targets are marked in the next chart, which at this point in time would be very difficult for most people to believe.
Keep the faith and enjoy the Nifty tomorrow. The 200-HMA magician could conjure up some really good tricks for you.
Cheers.
Posted by Bhoomi Trader at 7:33 PM 0 comments
Labels: 200 HMA, ABHIJIT PHATAK, DOW JONES, MAGIC, NIFTY SPOT, NSE
Nifty View and Stocks for May 15 - Kailash Pareek
The market is in a trading zone. I wrote here couple of days back that one pattern is in progress on the Nifty chart. Look above chart, the red semicircle is expected trend right now. If things happens like this, then we will see the resumption of a rally within 8-10 days which can lead us towards 5500-5525.
Scrips for tomorrow:
HINDZINC -- Buy above 746.50;
Enjoy.
Posted by johnny at 5:13 PM 0 comments
Labels: KAILASH PAREEK, NIFTY, NSE, STOCKS
Dow Jones Tonight (May 14) - Viral Joshi
Pivot for Dow Jones is 12,830; Support: 12,720;
S1 12,820; S2 12,780; S3 12,720; and;
R1 12,850; R2 12,880; R3 12,900/12,950;
Dow is positive above 12,830 ;
Dow is negative below 12,820 ;
Posted by VIRAL JOSHI at 8:17 AM 0 comments
Labels: DOW JONES, US, VIRAL JOSHI
Nify Future for May 14 - Viral Joshi
Nifty future Pivot is 5005 and support 4870.
S1 4950 S2 4870 S3 4820 and R1 4980 R2 5005/5030 R3 5055/5100;
Nifty Future
Buy Above 5005 and if breaks 5030 then 5055 - 5100 - 5150;
Short Below 4950 and if breaks 4920 then 4870 - 4820;
4950 - 5005 is sideways movement;
Moving average
5D 5034;
20D 5046;
50D 4913;
200D 5183;
4913 can be said to be the last support for bulls.
Posted by VIRAL JOSHI at 8:13 AM 0 comments
Labels: NIFTY, NSE, VIRAL JOSHI
Nifty Future Report for May 14 - Rakesh Chandra
Intraday bullish level is 4,959.81;
Intraday bearish level is 4,942.19;
Posted by Unknown at 7:58 AM 3 comments
Labels: NIFTY FUTURE, NSE, RAKESH CHANDRA
Tuesday, May 13, 2008
4880 Key Level to Watch on May 14 - Inder Bhatia
Hourly Chart: The Indian market closed in the deep red after opening on a strong note, backed by positive global cues. Markets tumbled down in the afternoon session, and Nifty was unable to cross our key levels of 5078. The Nifty is near major trendline and near the 200 SMA on the hourly chart. If nifty breaks 4910-4900, we could test 4880 to 4830 levels . On the upper side, Nifty could see 5023-5078, which would act as a resistance zone. Key level to watch is 4880.
Posted by Anonymous at 10:00 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
Stocks Calls for May 14 - Kailash Pareek
Look the chart of Exide Industries, and see how one pattern in another same pattern. It has a positive breakout from IH&S and now ready to give breakout from bigger IH&S.
Anyway, below are some calls:
Ansal Infra - Short below 159;
Syndicate Bank - Short below 74;
Posted by johnny at 5:05 PM 0 comments
Labels: KAILASH PAREEK, NSE, STOCKS
Dow Jones Tonight (May 13) - Viral Joshi
As I had said, above 12,750 Dow Jones is positive and it can move till 12,876.31.
For today,
Pivot : 12,855;
Support : 12,800;
S1 12,860; S2 12,840; S3 12,820; and R1 12,880; R2 12,920; R3 12,950;
Above 12,850 Positive and;
Below 12,820 Negative.
Posted by VIRAL JOSHI at 7:19 AM 0 comments
Labels: DOW JONES, US, VIRAL JOSHI
Nifty Future for May 13 - Viral Joshi
PIVOT : 4985 SUPPORT : 4950;
S1 5020; S2 5000; S3 4985/4950 and R1 5050; R2 5100; R3 5150;
Buy above 5020; if it breaks 5050 then target is 5100 - 5150 - 5220;
Short below 5000 and if it breaks 4985 then 4950 - 4920.
Posted by VIRAL JOSHI at 7:15 AM 1 comments
Labels: NIFTY FUTURE, NSE, VIRAL JOSHI
Nifty Future for May 13 - Rakesh Chandra
Nifty future on hourly chart currently trading in 4th wave after completion of 3rd down wave. Still the Elliot oscilltor has not yet given bullish divergence signal. This signal will come only after the upside price move, and then some decline.
For an aggresive trader, booking profit at gap-up area is not a bad idea. One can reenter on some price decline. .Positional traders can hold for weekly upper target.
For intra-day: 5035 is the bullish level and 5019 is the intraday bearish level.
Posted by Unknown at 4:52 AM 0 comments
Labels: NIFTY FUTURE, NSE, RAKESH CHANDRA
Monday, May 12, 2008
Nifty Heading for 5340-5500 - Inder Bhatia
Nifty Hourly: Nifty opened on a weak note but saw smart recovery towards the final trading hours of the session, despite poor growth in industrial production figures. Nifty has taken support at a lower trendline of the channel on the hourly chart, and has seen sharp bounces. If Nifty crosses 5022, it will test our weekly key levels 5077. Nifty is trading at the lower band today. With a tight stop loss, it is heading for 5340 -5500 levels .
Posted by Anonymous at 9:43 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
The Beauty of the Hourly 200 MA - Abhijit Phatak
Every low and high for the Nifty or for that matter any stock has some significance. Traders must be wondering what was the signifiance of today's low on Nifty - i.e. 4914.8. The low today was bang on the hourly 200 MA - yes!
The 200 DMA is quite well known even to those who do not follow charts, thanks to our TV channels. However, it is quite interesting to note that the hourly 200 MA (200 HMA) too plays a role in giving support and acting as resistance. For a trader, the thumb rule to be followed is simple - look for shorts just below the 200 HMA and look for longs just above the 200 HMA. Stop loss levels are very tight in such situations. Some hints for trading tomorrow - IDBI, RCOM, Reliance Industries and many more on the long side.
Happy trading.
Posted by AP at 8:11 PM 4 comments
Labels: ABHIJIT PHATAK, HOURLY, MA, NIFTY, NSE
Nifty Prediction for May 13 - Tanmoy Ghosh
Spot Nifty will be very positive only above 4996.60. Below this level, short the Nifty for a target of 4913, which is a strong support level. The move above 4996.60 has a target of 5040.25, and 5067.25 to 5111.65. There is strong resistance at this level. We anticipate the trend to be intact above 5040.
Posted by Bhoomi Trader at 6:12 PM 0 comments
Labels: NIFTY, NSE, TANMOY GHOSH
Dow Jones Weekly Targets (May 12-17) - Rakesh Chandra
Dow Jones on the hourly charts has completed a 5th down wave cycle. There is a good chance to upside, if it trades above the weekly bullish level .on EOD this upmove will lead the Dow to the upper channel line.
The current targets are valid for this week only.
Price is bullish above weekly pivot point 12,770.66.
Upwave (4-5) UT3: 13,071
Upwave (2-3) UT2: 12,988
Upwave (0-1) UT1: 12,854 (target achived)
Price is bearish below weekly pivot point 12719.34.
Down wave (0-1) LT1: 12,636
Down Wave (2-3) LT2: 12,502
Down Wave (4-5) LT3: 12,419
Posted by Unknown at 3:47 PM 0 comments
Labels: DOW JONES, RAKESH CHANDRA, US
Dow Jones Tonight for May 12 - Viral Joshi
As Dow Jones breaks support level of 12, 800, it will turn negative
now , next support at 12,720.
above 12,750 it turn positive
Posted by VIRAL JOSHI at 2:30 PM 0 comments
Labels: DOW JONES, US, VIRAL JOSHI
Nifty Future for May 12 - Viral Joshi
Pivot point :5020 support :4900
S1 4950 S2 4920 S3 4900 and R1 5020 R2 5050 R3 5100.
Buy Nifty Future above 5020, and if it breaks 5050, then we could get 5080-5100.
Short Nifty Futures below 5020. If it breaks 4980, we could get 4950-4920.
Posted by VIRAL JOSHI at 2:29 PM 0 comments
Labels: NIFTY FUTURE, NSE, VIRAL JOSHI
Sunday, May 11, 2008
Nifty Futures for May 12-17 - Rakesh Chandra
Nifty future on hourly and 5-minute charts is in the oversold area. However, no longs would be entered into, until a buy signal is triggered on hourly charts. I am betting on the higher side of Nifty in the coming days. Strictly rule stop losses, and do not buy, if Nifty futures are below the bearish level.
Weekly Bullish Targets: Price is bullish above weekly pivot point 4,995.87.
Up wave (4-5) UT3 : 5,252
Up wave (2-3) UT2 : 5,181
Up wave (0-1) UT1 : 5,067
Weekly Bearish Targets: Price is bearish below 4,952.13.
Down wave (0-1) LT1 : 4,881
Down wave (2-3) LT2 : 4,767
Down wave (4-5) LT3 : 4,696
Posted by Unknown at 10:47 PM 0 comments
Labels: NIFTY FUTURE, NSE, RAKESH CHANDRA
Nifty advance View - Rakesh Chandra
Weekly Charts: There is a chance this time that the overall bull market will get truncated, and fail. Nifty has just completed the 4th wave on wekly chart. and the 5th down wave is still on cards. Before, going in to the 5th down wave , it has to give sell signal on EOD basis. Hence, any upside up to 5250 is still valid. The anticipated target for such a move would be 5,262.19.
Price is bullish above the monthly pivot point of 5,262.19.
Price is bearish below monthly pivot point of 5172.61.
Posted by Unknown at 10:39 PM 0 comments
Labels: NIFTY, NSE, RAKESH CHANDRA
Nifty Updates for the Week - Inder Bhatia
Hourly Charts: Nifty closed in deep red with heavy losses backed by unfavorable inflation, which rose to 42-month high of 7.61 percent. Nifty is in the oversold zone on hourly chart and near major trendline as shown on chart it can test lower line and take bounces from trendline.Daily Charts: Last week Nifty lost 4.7% and closed below 5000. On the daily charts, Nifty is in a channel and coming to lower band. Nifty has strong support zone 4940-4880. In the coming week if Nifty closes above 5070, on upside, it can test 5110–5168. If it falls below 4970, it can test 4883-4733, which is a key level to watch -- a lower trendline as drawn on chart.
Weekly Charts : The Weekly charts show we are still rangebound at 4900 lower levels and 5400 upper strong resistances levels. However, on the weekly charts, Nifty has made a bearish engulfing pattern.
Posted by Anonymous at 9:21 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
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- Dow Jones Tonight for May 16 - Viral Joshi
- Nifty Future For 16 May - Viral Joshi
- Nifty Future for May 16 - Rakesh Chandra
- Nifty Updates for May 16 - Bang On! - Inder Bhatia
- Nifty and Stock Calls View for May 16 - Kailash Pa...
- Dow Jones Tonight for May 15 - Viral Joshi
- Nifty Spot for May 15 - Tanmoy Ghosh
- Nifty Future for May 15 - Rakesh Chandra
- Nifty Future for May 15 - Viral Joshi
- Wipro Chart Shows Bullishness - Dr Zingaro
- Nifty Self-Explanatory Chart - Inder Bhatia
- Nifty Update for May 15 - Bulls in Control - Inder...
- 200 HMA-gic: Magician at Work
- Nifty View and Stocks for May 15 - Kailash Pareek
- Dow Jones Tonight (May 14) - Viral Joshi
- Nify Future for May 14 - Viral Joshi
- Nifty Future Report for May 14 - Rakesh Chandra
- 4880 Key Level to Watch on May 14 - Inder Bhatia
- Stocks Calls for May 14 - Kailash Pareek
- Dow Jones Tonight (May 13) - Viral Joshi
- Nifty Future for May 13 - Viral Joshi
- Nifty Future for May 13 - Rakesh Chandra
- Nifty Heading for 5340-5500 - Inder Bhatia
- The Beauty of the Hourly 200 MA - Abhijit Phatak
- Nifty Prediction for May 13 - Tanmoy Ghosh
- Dow Jones Weekly Targets (May 12-17) - Rakesh Chandra
- Dow Jones Tonight for May 12 - Viral Joshi
- Nifty Future for May 12 - Viral Joshi
- Nifty Futures for May 12-17 - Rakesh Chandra
- Nifty advance View - Rakesh Chandra
- Nifty Updates for the Week - Inder Bhatia
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