Can this Rally be Trusted? - Anil Desai

As suggested in post of September 14, Falling House of Cards Nifty almost tested the previous low of 3790 (yesterday's low was 3799). Nifty has bounced back from here. Today too, this run-up would continue and and add another couple of centuries in Nifty future, in a day or two. But can this be considered the end of bearishness? I doubt very much.

Dow Jones Tonight for September 19 - Viral Joshi

Pivot is 10,780 and support is 10,500.

S1 10,600; S2 10,550; S3 10,500; and R1 10,650; R2 10,700; R3 10,780/10,820.

Above 10,650 Dow is positive and below 10,600 Dow is negative.

(Breakout @10,780)

Nifty Future For September 19 - Viral Joshi

Pivot is 4010 and support is 3950.

S1 4010; S2 3980; S3 3950; and R1 4080; R2 4120/4180; R3 4220/4300;

Buy above 4080 and if it breaks 4120 then 4180 - 4220 - 4300.
Short below 3980 and if it breaks 3950 then 3920 - 3850.

( Book yesterday's call: Buy Nifty future @ 3800-3825 Stoploss 3780 TGT 4300 within 2 days).


Daily moving averages:

5DMA 4085;
20DMA 4293;
50DMA 4299;
200DMA 4917.

Dow Jones Tonight for September 19 - Viral Joshi

Pivot is 10,980 and support is 10,810.

S1 10,980; S2 10,950; S3 10,900; and R1 11,050; R2 11,100; R3 11,150/11,200.

Above 11,050 Dow is positive and below 10,980 Dow is negative.

Nifty Future For Sep 18 - Viral Joshi

Pivot is 4010 and support is 3800.

S1 3980; S2 3950/3920; S3 3850/3800; and R1 4010; R2 4050; R3 4100;

Buy above 4010 and if it breaks 4050 then 4100.
Short below 3980 and if it breaks 3950 then 3920 - 3850.

(Risky call: Buy Nifty Future @ 3800 - 3825 Stoploss 3780 TGT 4300 within 2 days).

Daily moving averages:

5DMA 4135;
20DMA 4312;
50DMA 4298;
200DMA 4925.

Nifty Update For Sep 18 - Inder Bhatia

The Indian market opened on a higher note but selling pressure at higher levels saw that it finally closed in the red zone. Nifty is getting stiff resistances near 4120. If it crosses, it could test 4160-4193. On the lower side 3920 would act as a support. A break of 3920 would see it test 3800.

Nifty Update for September 19 - Inder Bhatia

The Indian market bounced back from the lower levels and saw smart recovery across the sector. The Nifty opened at 3800 zone but closed near the day's high above 4000. For the coming session if indices trade above 4100 we could see it touching 4163-4200 levels. On the lower side 3920-3960 will act as support zone.

Buy Aban above 2408 TGT 2477 >2556 Stoploss 2355.

Nifty in Trouble Sep 18 - Kailash Pareek

As indicated couple of days back that we might be in trouble, Nifty has broken negatively. Right now I see Nifty at 3725-30 and if breaks then 3615-25. Finger crossed.

DLF: This stock seems to be in trouble too. Day traders can short.

Dow Jones Tonight for September 17 - Viral Joshi

Pivot is 10,980 and support is 10,900.

S1 11,020; S2 10,980; S3 10,950/10,900; and R1 11,080; R2 11,100; R3 11,150/11,200.

Above 11,080 Dow is positive and below 10,980 Dow is negative.

Nifty Future for September 17 - Viral Joshi

Pivot is 4040 and support is 3980.

S1 4080; S2 4050; S3 4020/3980; and R1 4100; R2 4150; R3 4180/4220;

Buy above 4100 and if it breaks 4150 then 4180 - 4220.
Short below 4080 and if it breaks 4040 then 4020 - 3980.

Daily moving averages:

5DMA 4213;
20DMA 4330;
50DMA 4299;
200DMA 4934.

(Yesterday's Nifty future target is going to be achieved today. Enjoy)

Nifty Update For September 17 - Inder Bhatia

The Indian market opened on a weak note but sharply bounced from lower levels, and saw short covering at the last trading session and both indices closed near the day's high. For the coming session if Nifty trades above 4100, we could test 4160-4193 levels. On the lower side 3930 would act as support zone.

Dow Jones Tonight for Sep 16 - Viral Joshi

Pivot is 11,080 and support is 10,800.

S1 10,900; S2 10,850; S3 10,820/10,800; and R1 10,980; R2 11,020; R3 11,080/11.100.

Above 11,080 Dow is positive and below 10,900 Dow is negative.

Nifty Future for Sep 16 - Viral Joshi

Pivot is 3980 and support is 3850.

S1 3980; S2 3950; S3 3900/3850; and R1 4050; R2 4080; R3 4100;

Buy above 3980 and if it breaks 4020 then 4050 - 4100.
Short below 3980 and if it breaks 3950 then 3900 - 3850.

Daily moving averages:

5DMA 4292;
20DMA 4346;
50DMA 4298;
200DMA 4942.


One can buy Nifty Future @ 3850 - 3880 with Stoploss 3820 and TGT 4200 in 2 days.

Nifty Update for September 16 - Inder Bhatia

The Indian market opened massive gap-down on the back of a weak global market and credit crisis in the US financial space. Nifty recovered from the day's low but closed in the red zone. However, on the daily chart, the BSE Sensex has made a Hammer pattern. This indicates some upside is possible toward 13700-13800. However, if the Nifty falls below today's low again, we could test 3800 levels once again.

Dow Jones for Week Sep 15-19 - Rakesh Chandra

Dow is bullish above 11,462.92 which is a weekly pivot point and Dow is bearish below weekly pivot point 11,393.08.

Down wave targets are:

Down wave (0-1) WLT1: 11,280;
Down wave (2-3) WLT2: 11,097;
Down wave (4-5) WLT3: 10,984.

India Cement for September 16 - Kailash Pareek

As I had hinted earlier, that we are in trouble for a day or two, Nifty has done just that. Anyway, the more the panic, the more chances that a rally or atleast pullback is there. I just want to point you to one stock, i.e. INDIACEM. It looks good.

Dow Jones Tonight for Sep 15 - Viral Joshi

Pivot is 11,385 and support is 11,250.

S1 11,400; S2 11,385; S3 11,300/11,250; and R1 11,450; R2 11,480; R3 11,500.

Above 11,450 Dow is positive and below 11,385 Dow is negative.

Nifty Future For Sep 15 - Viral Joshi

Pivot is 4275 and support is 4100.

S1 4200; S2 4180; S3 4150/4100; and R1 4275; R2 4310; R3 4350/4380;

Buy above 4275 and if it breaks 4310 then 4350 - 4380.
Short below 4200 and if it breaks 4180 then 4150 - 4100.

Daily moving averages:

5DMA 4374;
20DMA 4364;
50DMA 4295;
200DMA 4950.

Nifty Future for September 15-19 - Rakesh Chandra

Look this sensex image. Where are we heading? This wave count is not done by me but it looks good. All these things are going on correctly. Monday we should see some upside on open, which cannot be ignored, but this upside is a shorting opportunity at some point on an intraday basis. Wait for the market to sustain,. On an hourly basis, Nifty future is on an extended Wave3. Any lower side level is a buy for the coming hours. After a wave3 down, a small 4th up is on the cards.

Upwave (4-5) WUT3: 4,535;
Upwave (2-3) WUT2: 4,453;
Upwave (0-1) WUT1: 4,322.

Price is bullish above 4,240.15, which is a weekly pivot point. Price is bearish below 4189.85, which is a weekly pivot point.

Weekly lower targets are:

Downwave (0-1) WLT1: 4,108;
Downwave (2-3) WLT2: 3,977;
Downwave (4-5) WLT3: 3,895.

Nifty Update for September 15 - Inder Bhatia

The Indian market saw continuing selling pressure and broke the important level of 4200 during the intraday session. However, it managed to close above it. For the coming session, if Nifty trades below 4200 we could test levels of 4159-4100. On the other side 4290-4323 would act as a resistance zone.

Last week the Nifty fell 2.8 percent and close in the deep red zone. Inflation came at 12.10% percent, as compared to 12.34 percent for the week ending August 30. The IIP number released for July showed that industrial output grew 7.1 percent but the market saw selling pressure at higher levels. For the coming session if Nifty breaks 4150, we coud test 3800 levels again. On the other side 4346-4400 would act as strong resistance zone. If Nifty closes above 4341, it could test 4404-4467. On the lower side support would come at 4099-4035 .

On a weekly basis, we can see a tail at the upper side which suggests selling at higher levels. Thus, Nifty would not be able to close above the trend line. Nift has tried to cross this trend line three times, but it as always closed below.

SELL KOTAKBANK below 579 TGT 564>555 Stoploss 586.

SELL TCS below 810 TGT 796>788 Stoploss 821.

SELL ICICIBANK below 655 TGT 640>632 Stoploss 670.

SELL SATYAM below 406 TGT 400 >395 Stoploss 411.

Falling House of Cards - Anil Desai

Nifty spot chart is full of patterns showing a triangle break down, Head and shoulder etc. Now it is at a very important support level. Break of 4212 might test 3790 again in absence of any positive news remaining. An equally important level 4180 may act as an oasis in desert.
A bounce back before reaching above levels may be an opprtunity to sell and cover later.