Saturday, August 30, 2008

Nifty Future Weekly for Sep 1-5 - Rakesh Chandra

Upwave (4-5) WUT3: 4,532;
Upwave (2-3) WUT2: 4,488;
Upwave (0-1) WUT1: 4,418;

Price is bullish above 4,374.43 and price is bearish below 4347.57;

Down wave (0-1) WLT1: 4,304;
Down wave (2-3) WLT2: 4,234;
Down wave (4-5) WLT3: 4,190.

Dow Jones Tonight for Sep 1 - Viral Joshi

Pivot is 11,585 and support is 11,480.

S1 11,540; S2 11,520; S3 11,480; and R1 11,585; R2 11,600; R3 11,620.

Above 11,585 Dow is positive and below 11,540 Dow is negative.

Nifty Future for Sep 1 - Viral Joshi

Pivot is 4345 and support is 4280.

S1 4340; S2 4310; S3 4280; and R1 4380; R2 4400; R3 4420/4450;

Buy above 4380 and if it breaks 4400 then 4420 - 4450.
Short below 4345 and if it breaks 4320 then 4300 - 4280.

Daily moving averages:

5DMA 4308;
20DMA 4417;
50DMA 4255;
200DMA 5011.

Thursday, August 28, 2008

Nifty Update for September 1 - Inder Bhatia

The Indian market opened on a flat note and has been hovering in small range. In the first session, it fell sharply again at the end of the day. For the coming session we could see the Nifty at 4200-4177 levels. For bulls 4154 would act as a strong support zone. However, if this level breaks, then more down side can seen. On the other side, 4270-4313 would act as resistance zones.

Wednesday, August 27, 2008

Nifty Update for August 28 - Inder Bhatia

The Indian market opened on a positive note but was not able to sustain at higher level. The market saw a selloff in the last trading hour. The Nifty traded in a narrow range till afternoon, and there was sharp selling in the final trading session. For the coming session, if Nifty breaks 4284, we could test the 4245-4177 zone. On the other side 4345 will act as a resistance zone.

Tuesday, August 26, 2008

Nifty Update for August 27 - Inder Bhatia

The Indian market opened on a weak note but saw a smart recovery in the last hour of the trading session.

For the coming day, we could expect more upside toward 4400-4423 levels. On the upside 4431 will act strong resistance. If the Nifty crosses 4450, we could see it testing 4700-4750. On the lower side 4284 will act as support zone.

Hot Call: Buy HCLTECH above 231 TGT 235>239 Stoploss 229.

Buy HDFCBANK above 1262 TGT 1276>1295 Stoploss 1251.

Monday, August 25, 2008

Nifty Update for August 25-29 - Inder Bhatia

The Indian market opened on a higher note but was not able to sustain at higher levels and closed sharply lower from the day's high. Nifty is facing resistance near 4370-4400 levels. For the coming session below 4305 Nifty could test 4284-4250 levels. On the other side, 4370-4390 will act as zone.

Crude for the Week August 25-29 - Rakesh Chandra

Upwave (4-5) WUT3: 124;
Upwave (2-3) WUT2: 122;
Upwave (0-1) WUT1: 118;

Price is bullish above weekly pivot point 115.38) and price is bearish below weekly pivot point 113.87.

Down wave (0-1) WLT1: 111;
Down wave (2-3) WLT2: 107;
Down wave (4-5) WLT3: 105.

Nifty Fut Weekly August 25-29 - Santosh Gundecha

Nifty future may open gap up around 4390-4400 on Monday because of strong US markets. We are entering Expiry week, so Some Volatility is expected.

The Nifty has a resistance 4400>>4465>>4515. The supports are at 4330>>4310 and finally 4250.

This being Expiry week and we are opening Gap up that too directly near resistance of 4400 . One should be cautious at higher levels.

Buy on DIPS only could be the strategy.

Sunday, August 24, 2008

Nifty Update for Week August 25-29 - Inder Bhatia

Hourly: The Indian market bounced from lower levels and managed to close in the green zone. For coming session we could witness more upside toward 4370-4400 levels. On the lower side 4280-4264 will act as a support zone.

Daily: The Nifty closed with loss of 2.33 percent on low volume. On the daily chart, Nifty kissed the 100 SMA and reversed from there. It has taken support at the 50 SMA, as shown on the chart. For the coming session, if Nifty crosses 4345, we could test 4410-4423 level. On the upper side, 4450 would act as a strong resistance. On the lower side 4287-4234 would act as a support zone. Key level for the week is 4345.

Hot Calls for Week August 25-29 - Inder Bhatia

Buy Infosys above 1702 TGT 1727>1751 Stoploss 1687.

Buy Ranbaxy above 522 TGT 529 > 534 Stoploss 518.50.

Buy Sail above 151 TGT 155 > 159 Stoploss 149.

Sell Satyam below 386 TGT 381 > 377 Stoploss 389.

KM

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