Sasken - Breaks Out with Volume - Inder Bhatia

Sasken has broken out with volume. Target 165.

Is the Nightmare Returning? - Anil Desai

It appears like today would be a gap-down opening. If Nifty future closes much below in the red today, it could be that the nightmare of island/island cluster reversal starts to raise its head again.

Dow Jones Tonight for July 25 - Viral Joshi

Pivot is 11,425 and support is 11,300.

S1 11,335; S2 11,320; S3 11,300; and R1 11,380; R2 11,425; R3 11,450/11,500.

Above 11,425 Dow is positive and below 11,335 Dow is negative.

Nifty Future for July 25 - Viral Joshi

Pivot is 4450 and support is 4280.

S1 4420; S2 4400; S3 4380/4280; and R1 4450; R2 4520; R3 4550/4610;

Buy above 4450 and if it breaks 4520 then 4550 - 4610.
Short below 4420 and if it breaks 4400 then 4380 - 4350 - 4280.

Daily moving averages:

5DMA 4280;
20DMA 4078;
50DMA 4439;
200DMA 5162.

Nifty Update for July 25 - Inder Bhatia

The Indian market closed in the red zone. The market opened gap-up but saw profit booking at higher levels as mentioned in the newsletter. For the coming session, if Nifty future breaks today’s low, we could see more downside towards 4310-4260 levels as shown on chart. If Nifty cross 4550 we could touch 4620 soon.

Dow Jones Tonight for July 24 - Viral Joshi

Pivot is 11,620 and support is 11,550.

S1 11,620; S2 11,580; S3 11,550; and R1 11,650; R2 11,680; R3 11,720.

Above 11,650 Dow is positive and below 11,620 Dow is negative.

Nifty Future for July 24 - Viral Joshi

Pivot is 4465 and support is 4400.

S1 4480; S2 4450; S3 4400; and R1 4500; R2 4550; R3 4580/4610;

Buy above 4500 and if it breaks 4550 then 4580 - 4610.
Short below 4480 and if it breaks 4450 then 4420 - 4400.

Daily moving averages:

5DMA 4183;
20DMA 4072;
50DMA 4451;
200DMA 5166.

Nifty Update for July 24 - Inder Bhatia

The Indian market closed in the green zone. The markets saw a huge gap-up opening as UPA government survived the vote of confidence in Parliament. For the coming session we can some more upside towards 4500-4567. On the hourly chart, we can see strong resistance at 4550 levels, so profit-booking cannot be ruled out at higher levels. On the lower side, 4240 will act strong support zone.

Dow Jones Tonight for July 23 - Viral Joshi

Pivot is 11,520 and support is 11,400.

S1 11,550; S2 11,500; S3 11,400; and R1 11,640; R2 11,700; R3 11,800.

Above 11,640 Dow is positive and below 11,520 Dow is negative.

Do not forget to check what I had said about the Dow Jones on July 15.

Nifty Future for July 23 - Viral Joshi

The government won the trust vote with 275 in favor. Finally, it appears that the nuclear deal is going to happen. As a result of this crude prices may come down more and the power sector will blast. The market is going open gap-up. Only the RBI meeting remains, which is on July 29.

Just check out what I said here: Predictions.

As for today, Nifty future:

Pivot is 4250 and support is 4200.

S1 4250; S2 4220; S3 4200; and R1 4300; R2 4350; R3 4380/4480;

Buy above 4300 and if it breaks 4350 then 4380 - 4420 - 4480.
Short below 4250 and if it breaks 4220 then 4200.

Daily moving averages:

5DMA 4051;
20DMA 4061;
50DMA 4460;
200DMA 5169.

Hot Stocks for July 23 - Inder Bhatia

HOT STOCK: Buy BHEL above 1615 TGT 1723>1830 Stoploss 1585.

Nifty Update for July 23 - Inder Bhatia

Daily Chart: The Indian market closed in the green zone. The market opened on a flat note and traded on a positive note throughout the session. On the daily chart, a clean channel breakout can seen, so we can see more upside to our weekly prediction of 4300-4500 as shown on chart. On the lower side 4140-4100 will act as support zone.

Singh is King - Will History Repeat Itself - Sainik

This evening while the persistent bulls rejoice and the huge multitude of bears have a sleepless night, my mind goes back to nearly fifteen years ago, to be precise July 28, 1993.

Leading up to the trust vote for the Narasimha Rao's government, everyone was sure that the government would fall and the market was being sold left right and centre. I too was taken in by the bearishness, and had shorted the market.

The sensex bottomed out at around 2100 (yes Sensex 2100), on July 20, 1993. From there it attempted a moderate rally for the next few days, and on July 28, the day of the vote of confidence, the Sensex was flirting thereabouts.

While the obituaries of the government were being written by everyone, Narasimha Rao kept a a poker face and seemed confident, which seemed strange at that point of time. However, he had an ace up his sleeve: the JMM - yes the same Shibu Soren his cronies - had been virtually "kidnapped" and showered with all "gifts" - which included huge amounts of cash and liquor .

When the voting began, the members of the JMM virtually staggered into the house, not knowing which way their seats were. They voted and what a precious vote it was! The government was saved and the Sensex rallied from 2100 levels for the next few weeks to top out at 2800 levels - a gain of nearly 700 points which translates to 35 percent - yes 35 percent.

Now, just imagine what a 35 percent gain would do to the Nifty today. Nifty would have to go to 5600 levels . In 1993, I had covered my shorts, but lost much more than "my shorts" in the process. The lesson had taught me never underestimate a "silent man". The silent man then was Narasimha, but this time it is another lion, "Manmohan.

The only question in our minds should be: Will history repeat itself ?

Dow Jones Tonight for July 22 - Viral Joshi

Pivot is 11,475 and support is 11,200.

S1 11,430; S2 11,350; S3 11,300; and R1 11,475; R2 11,520; R3 11,600.

Above 11,475 Dow is positive and below 11,430 Dow is negative.

Nifty Future for July 22 - Viral Joshi

Today game depends upon the vote of trust for the government. So, it is best to be on the sidelines for a day.

Pivot is 4120 and support is 4020.

S1 4150; S2 4120; S3 4080/4020; and R1 4180; R2 4200; R3 4250/4310;

Buy above 4180 and if it breaks 4200 then 4250-4310.
Short below 4120 and if it breaks 4080 then 4020-3950.

Daily moving averages:

5DMA 3975;
20DMA 4059;
50DMA 4476;
200DMA 5174.

Hot Stock: LIC Housing Finance - Inder Bhatia

Buy LICHSGFIN above 259 TGT 267 >273 Stoploss 253.

Nifty Update for July 22 - Mission 271 - Inder Bhatia

The Indian market closed in the green zone. The market saw a gap-up opening with positive buyers and saw a channel breakout on the hourly chart at the end of trading session. Nifty is near our weekly resistances of 4215, so we can see some profit booking. If the Nifty crosses 4220, then we can see more upside to 4300-4363. On the lower side 4100-4040 will act as resistance. After today's vote of confidence, a clear direction would emerge. As for now, it's Mission 271 for the UPA.

Dow Jones for the Week July 21-25 - Rakesh Chandra

Today's Dow Jones fall cannot be ignored.

Upwave (4-5) WUT3 : 12,139;
Upwave (2-3) WUT2 : 11,976;
Upwave (0-1) WUT1: 11,711;

Price is bullish above weekly pivot point of 11,547.52;
Price is bearish below weekly pivot point og 11,446.48.

Down wave(0-1) WLT1: 11,283;
Down wave(2-3) WLT2: 11,018;
Down wave(4-5) WLT3: 10,855.

Gold for the Week July 21-25 - Rakesh Chandra

Gold is up and the rally will continue this week.

Upwave (4-5) WUT3: 990 (Rs 13,786);
Upwave (2-3) WUT2: 981 (Rs 13,640);
Upwave (0-1) WUT1: 967 (Rs 13,403);

Price is bullish above 957.58 i. e. Rs 13,257 which is a weekly pivot point. Price is bearish below 952.02, i. e. Rs 13,167.

Down Wave(0-1) WLT1: 943 (Rs 13,021);
Down Wave(2-3) WLT2: 928 (Rs 12,784);
Down Wave(4-5) WLT3: 919 (Rs 12,638).

Nifty 4225 and Beyond - AP

After being overtly bullish for the last few days, I am cautiously bullish now. The market is fast approaching overbought conditions on hourly charts, and hence the cautiousness. The first hurdle for Nifty is 4110-4120, and the support level is 3990-4020 (it should not go below this level this week, if this bullishness is to continue).
It is recommended to remain long, and also hedge the positions by buying Nifty puts once Nifty approaches 4190-4220.

The puts can be squared off in loss once Nifty crosses and closes above 4225, beyond which 4365-4370 looks possible. Till then enjoy the see-saw ride.

'See-saw' reminds me of the relation between Nifty and the MCX Crude in INR. Nifty on January 8, 2008 was 6357, which was the high for the Nifty for months to come (even years!) and the high of crude oil on MCX on July 15, 2008, was 6358, again a high for monthsand years to come.

Are the bulls and bears in the stock market and commodities markets playing a game of see-saw like the kids do in a park?

Crude Cracks - Inder Bhatia

A few weeks ago, I had predicted crude topping and that it is ready to crack. The same thing has happened in the last 15 days. Now, a divergence can seen clearly on the daily chart. For coming days it will test $126-127, and then again it will move up to $135-137. Cracking below $125, crude will move for $120-115$.

Nifty Update for the Week July 21-25 - Inder Bhatia

Hourly Chart: The Indian market closed on a green note. The market reacted on global cues and finally broke out from the range and closed near day's high. It was the second consecutive day that the Nifty closed near the day's high. For the coming session, we could see the Nifty facing resistance near 4146. If the Nifty is able to cross 4150, we could see more upside to the 4211-4300 zone. On the the lower side 3966-4040 will act as the support zone.

Daily Chart: Last week nifty closed with a gain of 1.07 percent. The Nifty has made new low of 3790, but managed to close above last week's closing. On the daily chart we are trading a channel. A breakout from the range 4167 can see good move to 4340-4500 zone, as shown on the chart. The RSI has formed a higher top and clean divergence on the chart.

Weekly Chart: We have broken the previous range, and the new range will be 3770-4400. On the weekly chart, the tails are showing that bears are losing control. After hitting a new low of 3790, bulls managed to close above last week's close. We have formed a Hammer pattern. For the coming week, a close above 4105 can test 4211-4316 levels. On the lower side, a close below can test 3930-3882 . Overall, indicators are pointing to an upside, but in India we cannot believe the politicians.

Weekly Hot Calls for July 21-25 - Inder Bhatia

Buy SBI above 1298; TGT 1298 1363>1401; Stoploss 1253;
Buy ICICIBANK above 618; TGT 651>682; Stoploss 597;

Buy NTPC above 172; TGT 183>191; Stoploss 167;

Buy RELCAP above 1105; TGT 1155>1183; Stoploss