Make or Break Day - Inder Bhatia

The Indian market opened on a weak note and traded in narrow range throughout the session. For the coming session we can say, it is a Make-or-Break day as the Nifty is near the trend line. If it breaks the trend line, we could test 4430-4370. On the other side 4580-4610 will act as resistance zone.

Nifty Update for August 13 - Inder Bhatia

The Indian market opened on a high note. However, it was unable able to sustain at higher levels and the market drifted down in to the red zone. For the coming session we could see more selling pressure below 4535, and the Nifty could test 4494. On the other side 4580-4609 will act as the resistance zone.

Nifty Update for August 12 - Inder Bhatia

We had a gap-up opening and traded in a narrow range throughout the session. The bulls came back in the last hour of the trading session and broke the narrow range to close near the day's high. For the coming session. Nifty could test 4680-4711 levels and we could see some profit booking at 4680 levels. For longs one can keep a stoploss of 4573.

Crude for the Week August 11-15 - Rakesh Chandra

One EOD basis, crude is on W3 down wave, which is near completion. The W4 upwave, a consolidation, is on the cards in the coming days. In the intermediate timeframe, an upward move in crude cannot be ignored. Any decline would be a buying opportunity.

Upwave (4-5) WUT3: 5,330;
Upwave (2-3) WUT2: 5,205;
Upwave (0-1) WUT1: 5,003.

Price is bullish above weekly pivot point 4,877.64 and price is bearish below weekly pivot point 4800.36.

The weekly lower targets are as follows:

Down wave (0-1) WLT1: 4,675;
Down wave (2-3) WLT2: 4,473;
Down wave (4-5) WLT3: 4,348.

Mercury-Saturn-Venus August 13-15 - Rakesh Chandra

From an astrology point of view August 13-15, bad boy Mercury returns with Saturn and Venus, bringing with it volatility. Use your own wisdom and choose to be light or heavy accordingly.

Dow Jones Tonight for Aug 11 - Viral Joshi

Pivot is 11,720 and support is 11,650.

S1 11,720; S2 11,680; S3 11,650; and R1 11,750; R2 11,780; R3 11,820.

Above 11,750 Dow is positive and below 11,720 Dow is negative.

Dow Jones Weekly August 11-15 - Rakesh Chandra

Upwave(4-5) WUT3: 12,195;
Upwave(2-3) WUT2: 12,065;
Upwave(0-1) WUT1: 11,855.

Price is bullish above weekly pivot point 11,725.09 and price is bearish below weekly pivot point 11,644.91.

Down wave (0-1) WLT1: 11,515;
Down wave (2-3) WLT2: 11,305;
Down wave (4-5) WLT3: 11,175.

Gold for the Week August 11-15 - Rakesh Chandra

Pivot, lower target and upper target are valid for the current week only.

Upwave (4-5) WUT3: 917;
Upwave (2-3) WUT2: 902;
Upwave (0-1) WUT1: 877;

Price is bullish above weekly pivot point 861.77 and bearish below weekly pivot point of 852.33.

Down wave (0-1) WLT1: 837;
Down wave (2-3) WLT2: 812.

Nifty Future for Aug 11 - Viral Joshi

Pivot is 4520 and support is 4450.

S1 4520; S2 4480; S3 4450; and R1 4580; R2 4620; R3 4650/4700;

Buy above 4580 and if it breaks 4620 then 4650 - 4700.
Short below 4520 and if it breaks 4480 then 4450.

Daily moving averages:

5DMA 4494;
20DMA 4271;
50DMA 4310;
200DMA 5106.

Nifty Future for Week August 11-15 - Rakesh Chandra

Last week I expressed our view that 4600 and 4800 is the upward channel line , and the market behaved in the same way. After taking a dip the Nifty future is ready to go 4800. From a trading point of view, booking profit at the upper trend line is a good idea, and buying again on a dip.

Weekly higher targets are as follows:

Upwave (4-5) WUT3: 4,793;
Upwave (2-3) WUT2: 4,730;
Upwave (0-1) WUT1: 4,630.

Price is bullish above 4,567.25, which is a weekly pivot point.
Price is bearish below 4,528.75) which is a weekly pivot point.

Weekly lower targets are as follows:

Down wave (0-1) WLT1: 4,466;
Down wave (2-3) WLT2: 4,366;
Down wave (4-5) WLT3: 4,303.

Nifty Update for the Week August 11-15 - Inder Bhatia

Hourly Chart: The Indian market saw smart recovery after the initial dip and closed in the green zone. Nifty had bounces from the lower trend line 4461and closed above 4500 levels. For the coming session if Nifty is able to cross 4583 we can see rally up to 4638-4680 zone. On the lower side 4460 will act as support zone. Breaking below the channel trend line would witness some selling pressure.

Daily Chart: Last week the Nifty closed with the gain of 2.63 percent. The Nifty and Sensex are making an Inverse Head and Shoulders pattern on the daily chart, which gives a target of 5100 levels. However, we could see some profit booking around 4680-4730. For the coming session if Nifty is able to close above 4588, we could test 4642-4722. Closing below 4502 Nifty would test 4460-4396 levels. For this week, key levels for Nifty is 4500.

Weekly Chart: We had mention about bear losing control on weekly chart. If Nifty closes above 4583, the next target would be 5000.

Hot Stocks for the Week August 11-15 - Inder Bhatia

Buy ICICIBANK above 740 TGT 778>803 Stoploss 721.

Buy LT above 2845 TGT 2921-2997 Stop loss 2810.

Short-term: Buy ESSAROIL above 249 TGT 283>301 Stoploss 241.

Short-term: Buy LAKSHMIMACH 1232 TGT 1370>1535 Stoploss 1134