Nifty Strategy for Intermediate Term - Rakesh Chandra

I maintain my view given a day ago. Some bullishness in the short term. Market is expected to stay in range 4800-4600, now extetnded to 4550, oscillating to and fro in range. In the intermediate term, sell at higher levels and buy again at lower levels of the range.

Dow Jones Tonight for June 6 - Viral Joshi

Dow Jones pivot is 12,555 and support is 12,480.

S1 12,580; S2 12,550; S3 12,480; R1 12,625; R2 12,680; R3 12,720;

Dow is positive above 12,580 and negative below 12,555 .

Nifty Future For June 6 - Viral Joshi

PIVOT: 4640 SUPPORT: 4550;

S1 4640; S2 4620/4580; S3 4550; and R1 4700; R2 4725; R3 4780/4830;

Buy above 4670 and if it breaks 4700 then 4780-4830;
Short below 4640 and if it breaks 4620 then 4580-4550.

Nifty Update for June 6 - Inder Bhatia

The Indian market closed in the green zone. The market made a smart recovery after a choppy session and closed on a positive note. The Nifty has made piercing pattern bullish formation. If it sustains above 4683, it can test 4731-4760. On the lower side, 4606-4578 will act as strong support zone.

HOT STOCK: Buy AXISBANK above 776; TGT 792 >801; Stoploss 765.

Dow Jones Tonight for June 5 - Viral Joshi

Pivot is 12,400 and support 12,320.

S1 12,400; S2 12,350; S3 12,320; R1 12,425; R2 12,480; R3 12,520;

Above 12,400 positive and below 12,350 negative.

Nifty Future for June 5 - Viral Joshi

Pivot is 4640 and support is 4500.

S1 4550; S2 4520; S3 4500; and R1 4640; R2 4680; R3 4725;

Buy above 4640 and if it breaks 4655 then 4680-4725;
Short below 4550 and if it breaks 4520 then 4500-4480;

Daily moving averages:

5DMA 4749;
20DMA 4952;
50DMA 4921;
200DMA 5220.

Nifty - Destination 4200 - Anil Desai

Let us talk about Nifty via Reliance (chart posted above). As indicated in my earlier posts, Nifty breached even the last pullback level of 4610. The bearish engulfing candlestick formation on both Reliance and Nifty is suggesting that our stock market is slowly slipping into a coma.

Levels to watch for:

Nifty closing below 4495 will see more bloodbath and panic in midcaps will start, as per my assumption. Let us pray the buying will emerge before this level is reached. The next level for a pullback is 4215. It is best to stay away and keep your cash intact till a trend reversal is confirmed, which may be either tomorrow , next week , next month or next year.

Nifty Update for June 5 - Inder Bhatia

The Indian market closed in the deep red zone. Markets saw a bloodbath during the trading session. Yesterday we had mentioned that if Nifty is able to cross 4737, we could witness 4832. However, Nifty was not able to cross 4737, and has broken yesterday's low. Breaking below 4626 means our target was 4500-4460, which is the low formed on March 18. Tomorrow, we could see some action at 2.30 pm.

Dow Jones Tonight June 4 - Viral Joshi

Pivot for Dow Jones is 12,450 and support, 12,320.

S1 12,400; S2 12,350; S3 12,320; and R1 12,425; R2 12,480; R3 12,520;

Above 12,450 positive and below 12,400 negative.

Nifty Future - Intraday - Critical Support Approach

Nifty future is approaching a significant bottom. If this cracks, then one could expect 4550 to arrive some time. Alternatively, we can bounce from here. A nice point to watch.

Nifty Future Intraday - Longs in Danger

This is neither a good place or a good time to be long. As we can see, the volumes for the upmove are declining, and the Williams indicator shows an overbought conditions. Intraday, shorts can be held with the stoploss as shown in the chart.

Nifty Future for June 4 - Rakesh Chandra

Yesterday last session. Short covering indicates bullishness. Market is expected to stay in range4800-4600, oscillating to and fro in this range. In the intermediate term, sell athigher levels and buy again at lower level of the range.

Nifty Future Intraday for June 4:

Buy 4,712.55 intraday - bullish level.
Sell 4,699.45 intraday - bearish level.

Nifty Future for June 4 - Viral Joshi

Pivot for Nifty is 4680 and support 4500.

S1 4680; S2 4650; S3 4600; and R1 4710; R2 4730; R3 4750/4800;

Buy above 4700 and if it breaks 4725 then, 4760 - 4800;
Short below 4680 and if it breaks 4650 then, 4620 - 4580.

Daily moving averages:
5DMA 4816;
20DMA 4980;
50DMA 4920;
200DMA 5219;

4500 would act as a big support for the market.

Mercury Retrograde Days for AMJ 2008

Yellow days are when Mercury is retrograde. "Red Letter" days indicate most erratic, when Mercury is moving at its slowest, less than 1 degree a day. Plan even more carefully on "Red Letter" days. Gray shadows are the shadow periods, which mark the beginning and ending of Mercury's influence.

Nifty Future for June 4 - A Mirage - Anil Desai

As mentioned in the yesterday's post, Nifty did surprise all and closed higher on intraday basis. But still it is not the time to celebrate. Entry to earn from going long is like a "mrugjal" (mirage). Nifty is still very weak on other timeframes. The coming days might see the panic in midcaps.

Nifty Update - 4834 can be Seen - Inder Bhatia

HOURLY: The Indian market close with marginal losses. The market saw smart recovery from the day's low. After a weak opening, Nifty touched multiple supports in the 4640 zone, and finally we saw a smart recovery at the end of session. If Nifty is able to cross 4739, then it is likely to touch the 4780-4837 zone as shown on the chart. On the lower side 4629-4600 will act as support zone.

Buy Nifty above 4712 TGT 4740>4763.

HOT STOCK: DIVISLAB. This has already been given as a buy in the weekly update. More fire can be seen for 1631 >1700.

The Stock Talk - Anil Desai

It is time to take stock.

Nifty: As mentined in the post of May 26, and the subsequent followup on May 30, Nifty is
moving towards its next pullback level of 4610, closing below the previous one given at
4749. If intraday, traders must be careful as there is too much of bearishness in the air. Nifty
is in a bad habit of surprising all. Overall, if 4610 breaks downward, panic steps in and a freefall in midcap shares would be observed.

3iInfotech Fut: The stoploss was hit. The pattern is valid till it reaches 110.

Sell Sail Fut: Posted on 28-5-08 . Gave good profis. Better to be satisfied. If still greedy 140
Should be a stop to that.

KS Oils : Went against the projections due to market fall. Better to step out till the air is clear.

Dow Jones Tonight For 3 June,2008 - Viral Joshi

Pivot for Dow Jones is 12,520 and support is 12,410.

S1 12,500; S2 12,480; S3 12,410; and R1 12,520; R2 12,580; R3 12,620;

Above 12,520 Dow is positive and below 12,500 Dow is negative.

Nifty Future For June 3 - Viral Joshi

Pivot for Nifty future is 4700 and support 4580.

S1 4680; S2 4650; S3 4600; and R1 4700; R2 4725; R3 4760/4800;

Buy above 4700 and if it breaks 4725, then 4760 - 4800;
Short below 4700 and if it breaks 4650 then 4620 - 4580.

Daily moving avgerages:

5DMA: 4845;
20DMA: 5004;
50DMA: 4916;
200DMA: 5217;

Nifty Update - Next Turning Point June 11 - Tanmoy Ghosh

Nifty spot will now find a very strong support at 4635.55, after which it is going to hit a minimum spot level of 5177 within one week. On June 11 (plus or minus one day), market will change its present direction. I had earlier predicted April 17 and May 22 as a turning point, and the market has behaved as said. Similarly, June 11 is another turning point.

If Nifty crosses above 4786.80 tomorrow, it will be positive, and below this level it will be negative.

Nifty Future: Significant Bottom In Sight, Or Being Attacked?

We see a significant bottom around 4825 Nifty Futures. If this is attacked and penetrated, expect huge falls from here. Alternatively, if this provides a support, then we could bounce from here. Whichever is the case, we are at a critical juncture.

Gold for June 2-6 - Rakesh Chandra

Last week gold corrected much more that expected. This week Gold is expected to be volatile, since on the EOD basis, the upper end of the channel has not completely formed. So an upside is on the cards. Crossing above the weekly bullish level but within trading range.
The following are for the current week only:

Upwave (4-5) WUT3: 943
Upwave (2-3) WUT2 : 928
Upwave (0-1) WUT1: 905

Price is bullish above weekly pivot point 891.10; price is bearish below weekly pivot point 882.30.

Downwave (0-1) WLT1: 868;
Downwave (2-3) WLT2: 845;
Downwave (4-5) WLT3: 831.

3i Infotech Futures - Anil Desai

Personally I do not like to trade futures. But when you see such a good inverted H/S pattern it
is difficult to resist the trade. Longs can be initiated with a stoploss of 117. Condition: Market should turn positive.

Dow Jones Tonight For June 2 - Viral Joshi

PIVOT: 12,660 SUPPORT: 12,510;

S1 12,620; S2 12,580; S3 12,510; and R1 12,660; R2 12,680; R3 12,720/12,800;

Above 12,660 Dow is positive;
Below 12,630 Dow is negative.

Nifty Future For June 2 - Viral Joshi

PIVOT : 4850 SUPPORT : 4800

S1 4830; S2 4820; S3 4800; and R1 4880; R2 4925; R3 4960/5080;

Buy above 4850 and if it breaks 4920 then 4950 - 5014 - 5080;
Short below 4840 and if it breaks 4800 then 4780 - 4750.

Nifty and Stocks Weekly Update for June 2-6 - Inder Bhatia

HOURLY CHART: The Indian market closed on a green note after a choppy session. The market saw some buying in the late session due to the strong GDP numbers. The Indian GDP reported a growth of 8.8 percent for the quarter ended March 2008. The GDP growth in FY-2008 was 9 percent. For the coming session we can see upward direction to 5031, if it crosses 4934. The RSI is showing divergence on the charts. On the lower side the 4800-4770 zone will act as a strong support .

DAILY CHART: Nifty lost 1.5 percent due to a rise in inflation figures, however the market managed to close in the green. For the coming session, if Nifty manages to close above 4914, it can test 4977-5031. However, closing below 4838, it can test 4770-4625. On the daily chart, Nifty is trading near the main support zone. If it breaks the yellow trendline, it can see more selloff. For the week, 4934 is a key level to watch.


WEEKLY CHART: Nifty is still rangebound. 4650 is the support on the lower level and 5400 is resistance on the upper side.


STOCKS TO WATCH:
Buy Gujarat Alkali above 199; TGT 206 >212; Stoploss 194.50.

Sell Relcap below 1191; TGT 1156 >1143; Stoploss 1213.

Hot Calls for June 2-6 - Inder Bhatia

Buy BILT above 35.30; TGT 41 >43 Stoploss 33.


Buy DIVISLAB above 1492 TGT 1527 > 1561; Stoploss 1472. It it crosses and closes above 1569, TGT 1667 >1721.

Weekly Nifty Future for June 2-6 - Rakesh Chandra

The pivot, lower target and upper target are valid for current week only.

Upwave (4-5) WUT3: 4,957;
Upwave (2-3) WUT2: 4,929;
Upwave (0-1) WUT1: 4,884.

Price is bullish above weekly pivot point 4856.54.
Price is bearish below weekly pivot point 4,839.46.

Downwave (0-1) WLT1: 4,812;
Downwave (2-3) WLT2: 4,767;
Downwave (4-5) WLT3: 4,739.