Nifty Future Heading for 3980 - Anil Desai

Nifty future is moving toward the target of 3980 given in the post of June 24. As indicated time and again about where the market is heading, it is important to note that this level of 3980 is a make-or-break level. To resume the bullishness (which I doubt), it has to turn up before reaching this level and give some confirmations. If it falls below this, alarm bells will ring again and a fall below 3950, will make many beggars. Always enlarge the charts and study them. Please heed this warning seriously.

QUOTE:

How do you function in a world where accurate prediction is rarely possible, where history isn't a reliable guide to the future and where the most important events cannot be anticipated?

Dow Jones for Tonight June 27 - Viral Joshi

Pivot is 11,550 and support is 11,400.

S1 11,450; S2 11,400; S3 11,350; and R1 11,480; R2 11,550; R3 11,650;

Above 11,550 Dow is positive and below 11,450 Dow is negative.

Nifty Future for June 27 - Viral Joshi

Due to the negative global cues, we will open gap-down. The level of 4100 level was tested today. Our market is at such stage, that a fast recovery will be seen towards 4400-4500 in coming days.

For Nifty future, pivot is 4220 and support 4000.

S1 4220/4100; S2 4050; S3 4000; R1 4250; R2 4270; R3 4300;

Buy above 4250 and if it breaks 4280 then 4300-4350.
Short below 4220 and if it breaks 4120 then 4050-4000.

Daily moving average

5DMA 4275;
20DMA 4522;
50DMA 4831;
200DMA 5234.

Nifty Future Head and Shoulder - Santosh Gundecha

A Head-and-shoulder is visible on the charts of the Nifty future. The target for this H&S is 3750. Nifty future has supports as given in earlier chart 4090-4020-3950. Below this, we could see 3750. So be careful if NF trades below 4000.

Nifty Update for June 27 - Inder Bhatia

HOURLY CHART: The Indian market closed in the green zone. The market opened on a flat note and saw smart recovery in the final hours of the session and touched our first target 4321. For the coming session, if Nifty is able to cross 4340 it can test 4370-4400. On the lower side 4240 will act strong support zone. One thing to notice is that 4400 will 50 percent of downfall from 4700 to 4090 area, so it will act as a strong resistance zone.

Nifty Future - Potential Trade for Next Few Days - AP

Trading is all about taking risks and anticipating rewards. All traders look out for good risk-to-reward ratios. Here is a trade with a good risk-to-reward ratio and a potential trade for next few days.

Nifty Update for June 26 - MACD Divergence - Anil Desai

Yes there was a divergence on MACD as seen in the chart and market respected the indicator. But how long, let us see.

Nifty Update for June 26 - Inder Bhatia

HOURLY CHART: The Indian market closed in the green zone. The day started with markets seeing a gapdown opening due to the CRR hike by 50 basis points. As the day progressed we saw a smart pullback and strong recovery across the board. On the hourly chart some divergence on RSI can be seen, and Nifty has closed above the down channel line. We could see some bounces from current levels to 4327 and above that, to 4530 level. Today's low would be the stoploss.

HOT STOCK: CENTURY

Sensex Does 13,500 - Kailash Pareek

Sorry, I was out and busy, and should start posting in a day or two. Today the Sensex went around my given target of 13,500. I thought it is right time to update regarding this. Remember, I had said that Sensex may go to 13000. Now that this has been done, I do not see it closing below this. If Sensex goes there, it would be a good idea to buy scrips mentioned below for decent return in mid to long run.

Buy RCOM, JPHYDRO, GMRINFRA.

In the meantime, if the market goes up, there will be some selling pressure, so, please do not be stick at higher level. For today this is all. Should something interesting come up, I will post tonight or tomorrow morning.

Adlabs - Intraday Bottom Made - Inder Bhatia

Nifty Future - Intraday IHS - Inder Bhatia

Nifty Future for Expiry - Santosh Gundecha

Nifty future seems to have taken support at 4090. Next support is at 4020 and 3957. Nifty future is in the oversold zone, so could bounce up and show 4225-4280-4300 for expiry. The first big hurdle is 4180.

Dow Jones Tonight for June 25 - Viral Joshi

Pivot is 11,840 and support is 11,700.

S1 11,800; S2 11,750; S3 11,700; and R1 11,840; R2 11,870; R3 11,900

Above 11,840 Dow is positive and below 11,800 Dow is negative.

Nifty Future for June 25 - Viral Joshi

The Reserve Bank of India (RBI) hiked repo rate and CRR (cash reserve ratio) by 50 basis points each. Accordingly, the CRR hike would take effect in two stages. First, a 25 basis point hike on July 5, and another 25 basis point hike on July 19. By July 19, CRR will stand at 8.75%, while the repo rate would take effect immediately. Due to this, the market would open gap-down and as we are near to expiry, some recovery would be seen in the last half hour. It appears that the market is at the tail-end of the correction. The markets are making a bottom formation, and long-term investors could buy things in parts from these levels onward.

For Nifty future,

S1 4100; S2 4050; S3 4000; and R1 4150; R2 4220; R3 4280.
Buy above 4220 and if it breaks 4250 then, 4280-4300.
Short below 4120 and if it breaks then 4050-4000.

Daily moving average

5DMA 4478;
20DMA 4581;
50DMA 4849;
200DMA 5236.

Nifty Future - More Downside - Anil Desai

There was a general view that markets would give a sharp upturn from June 23, so it would be a good idea to buy Nifty future, but I urge you all again to refer to my post of June 22, which showed all possible levels that NF could reach. In my opinion the markets are still weak so do not get trapped. Wait till indicators confirm the reversal. Day trading in such a condition could bring disaster.If you look at the above EOD chart of Nifty future, it appears heading for 3980 for sure.

Posting different charts from a variety of software and indicators is just to confirm wether they all telling the same story or not. I hope you are all convinced now.

Nifty Update for June 25- Inder Bhatia

The Indian markets closed in the red zone. Markets was rangebound in the first-half session. The markets fell sharply near the closing, and the way markets saw a selloff, it could touch 4040, which was a weekly target .

Dow Jones Tonight June 24 - Viral Joshi

Pivot is 11,850 and support is 11,800.
S1 11,840; S2 11,820; S3 11,800; and R1 11,880; R2 11,900; R3 12,000.
Above 11,850 Dow is positive and below 11,800 Dow is negative.
If 11,820 holds, then 12,000 level would be seen.

Nifty Future For June 24 - Viral Joshi

Nifty closed below 4300 level. Today some recovery can be seen above 4285 level, support at 4200 and resistance at 4350. Yesterday Nifty rollover was at 27 percent. Marketwide rollover at 24 percent . Expiry is looking week as the Nuclear deal is still on the table.

Pivot is 4285 and support 4200.

S1 4270; S2 4250; S3 4200; and R1 4285; R2 4320; R3 4350/4400;
Buy above 4285 and if it breaks 4300 then 4320-4350.

Short below 4280 and if it breaks 4250 then 4200-4180.

Daily moving average:

5DMA 4471;
20DMA 4614;
50DMA 4861;
200DMA 5237.

Nifty Update for June 24 - Inder Bhatia

HOURLY CHART: The Indian market closed in the red zone. Markets saw another second round of selling from bears. On the hourly chart, Nifty is in the oversold zone above 4335, so some bounces could be seen till 4440-4560. On the other side, 4167 -4200 would act the support zone. Continue to enjoy my weekly calls, which are still valid.

Nifty Future - Band of Support - AP

It is amazing how a band drawn on Friday evening is acting as a support till Monday evening, in spite of the gloom and doom everywhere. Now, what next? If this band holds tomorrow as well, and Nifty spot crosses 4350, the next levels to watch would be 4405 and 4450-60, which could be reached before the June expiry.

Nifty Future for June 23-27 - Rakesh Chandra

On a weekly scale, we are getting in to oversold territory, so the market is going to be attractive for longs in the coming days. Wait for the market to cross the bullish level, and then enter. Till then, stay away. The lower and upper targets mentioned below are valid for the current week only.

Upwave (4-5) WUT3: 4,663;
Upwave (2-3) WUT2: 4,583;
Upwave (0-1) WUT1: 4,453.

Price is bullish above 4,372.76, which is a weekly pivot point.
Price is bearish below 4,323.24), which is a weekly pivot point.

Downwave (0-1) WLT1: 4,243;
Downwave (2-3) WLT2: 4,113;
Downwave (4-5) WLT3: 4,033.

Sensex Today - Downtrend On, Relief Possible - Santosh Gundecha

For the Sensex, 14215 is first retracement level from the start of uptrend from Sensex 2904 to 21206. It can take support at 14215-14000-13387. The down trend is on, though as market is in oversold zone, we could see some relief rally after gap-down open today.

Dow Jones Tonight for June 23 - Viral Joshi

Dow Jones pivot is 11,880 and support 11,800.

S1 11,840; S2 11,820; S3 11,800; and R1 11,900; R2 11,950; R3 12,000;

Above 11,880 Dow is positive and below 11,800 Dow is negative.

Nifty Future For June 23 - Viral Joshi

On Friday, Nifty broke key supports of 4400, which was a low volume breakout, the minimum target of which would be 4200. It is also a good support zone. Short covering could cause some recovery during this week but the market is clearly in an intermediate downtrend (7 weeks and counting). This could get worse. Nifty is likely to seek support around 4200 before it attempts a substantial recovery. The upside is likely to be capped by resistance at 4600-4650 level. Settlement considerations may cause extra volatility and lead to a temporary improvement dude to rollovers.

Pivot for Nifty future is 4380 and support 4180.
S1 4310; S2 4250; S3 4200; and R1 4320; 4350; R3 4400.

Buy above 4320 and if it breaks 4350 then 4380-4400.
Short below 4300 and if it breaks 4250 then 4200-4180.

Daily moving averages:

5DMA 4532;
20DMA 4645;
50DMA 4869;
200DMA 5238.

Avoid Being a Long-term Disinvestor - Anil Desai

Just enlarge the above chart and study the notes: The chart is of Nifty future on monthly basis.


Another chart of Monthly Nifty Future: Look at the ADX indicator indicating strong weakness in long-term uptrend and no sign of any reversal. Beware, insanity will return below 4010. Just away from the market till a solid reversal indicator appears, otherwise your hardearned money will go in the drains.

Quote: Ludwig von Mises used to say that governments will always try to get people to focus on prices when thinking about inflation. But rising prices are a result of inflation, not inflation itself. Inflation is the increase in the money supply. If we understood inflation that way, we would instantly know how to cure it: simply demand that the Federal Reserve cease increasing the money supply.

Nifty Weekly Update for June 23-27 - Inder Bhatia

HOURLY CHART: The Indian market closed on a deep red note. Markets saw across-the-board selling due to the inflation figure of 11.05 percent for the week. The inflation was at a 13-year high. Both the indices have made a new low. We could now test 4267-4233 in coming days. On the upside 4535 would act as a strong resistance.

DAILY CHART: Last week the Nifty fell 3.75 percent and closed on a new low. We had achieved a target of 4639 on the higher side, which was mentioned in previous Weekly updates. The hourly chart had show an inverted head and shoulder and we had given next zone as 4730. However, this IHS failed and we had a reversal from 4679 to a new Nifty low. Now, an entry under the trendline 4448 zone has created a bearish sentiment. The next Nifty zone would be a halt of 4230-4064. On the upper side, 4535 -4670 would act as a strong resistance; on the other hand the RSI still has not made new low. Closing above 4513 nifty could see the Nifty test the 4573-4686 zone. On the lower side 4227-4167 is where Nifty could take support.

WEEKLY CHART: We have broken the existing range. A close below the low would see a new range of 4040-4500.

Hot Calls for the Week of June 23-27- Inder Bhatia

Sell SBI below 1229 TGT 1204>1189 Stoploss 1254.

Sell EDUCOMP below 3306 TGT 3248>3175 Stoploss 3363.

Sell L&T below 2544 TGT 2493>2463 Stoploss 2579.