Saturday, October 4, 2008

Nifty in Big Trouble - Kailash Pareek



Above is weekly chart of Nifty. I think I do not need to explain anything. Just click the chart and study it carefully. It points to just one thing: More pain ahead.

Thursday, October 2, 2008

Nifty Update for October 3 - Inder Bhatia

The Indian market opened on a flat note and traded in the red zone, touching a low of 3860. The Nifty made an attempt to pull back and managed to close in the green zone. For the coming session, if Nifty trades above 3977, it could test 4011-4045. On the lower side 3905-3871 would act as a support zone.

Wednesday, October 1, 2008

Dow Jones Tonight for October 1 - Viral Joshi

Pivot is 10,750 and support is 10,600.

S1 10,800; S2 10,750; S3 10,600; and R1 10,880; R2 10,950; R3 11,000.

Above 10,880 Dow is positive and below 10,800 Dow is negative.

Nifty Future for October 1 - Viral Joshi

Pivot is 3920 and support is 3880.

S1 3920; S2 3900; S3 3880; and R1 3950; R2 3980; R3 4000/4050;

Buy above 3950 and if it breaks 3980 then 4000 - 4050.
Short below 3920 and if it breaks 3900 then 3880.

Daily moving averages:

5DMA 4006;
20DMA 4200;
50DMA 4309;
200DMA 4846.

Tuesday, September 30, 2008

Nifty Update for October 1 - Inder Bhatia

The Indian market recovered sharply from the day's lows. Markets opened on weak note due to weak global cues due to the defeat of the bail-out package. For the coming session, Nifty could test 3977-4008, and on the lower side, 3890-3850 would act as a support zone .

Dow Jones Tonight for September 30 - Viral Joshi

Pivot is 10,620 and support is 10,200.

S1 10,300; S2 10,250; S3 10,200; and R1 10,400; R2 10,500; R3 10,620.

Above 10,400 Dow is positive and below 10,300 Dow is negative.

Nifty Future for September 30 - Viral Joshi

Pivot is 3850 and support is 3650.

S1 3820; S2 3750/3700; S3 3680/3650; and R1 3850; R2 3880; R3 3920;

Buy above 3850 and if it breaks 3880 then 3920.
Short below 3850 and if it breaks 3800 then 3750 - 3700 - 3650.

Daily moving averages:

5DMA 4047;
20DMA 4221;
50DMA 4313;
200DMA 4856.

Monday, September 29, 2008

Nifty Update for September 30 - Inder Bhatia

The Indian market saw a sharp fall and ended in the deep red zone. Markets tumbled down and made a new low today. For coming session if Nify trades below 3774 we could test 3614-3557, while on the other side 3960-4012 will act as strong resistance zone .

Dow Jones Tonight for Sep 29 - Viral Joshi

Pivot is 11,050 and support is 11,000.

S1 11,100; S2 11,050; S3 11,000; and R1 11,150; R2 11,180; R3 11,200/11,250.

Above 11,150 Dow is positive and below 11,100 Dow is negative.

Nifty Future for 29 Sep 29 - Viral Joshi

Pivot is 4040 and support is 3950.

S1 3990; S2 3980; S3 3950; and R1 4040; R2 4080; R3 4120/4150;

Buy above 4020 and if it breaks 4040 then 4080 - 4120 - 4150.
Short below 4000 and if it breaks 3990 then 3980 - 3950.

Daily moving averages:

5DMA 4121;
20DMA 4246;
50DMA 4315;
200DMA 4866.

Sunday, September 28, 2008

Nifty Update for Week Sep 29-Oct 3 - Inder Bhatia

Hourly: The Indian market opened on a negative note and saw a sharp cut during the latter part of the session and closed in the red zone. For the coming session, if the Nifty trades below 3963 it could see 3800 levels, however trading above 4022 Nifty could test 4074-4121 levels .

Daily: Last week the Nifty lost 6.12 percent, as the global uncertainty and selling from FII closed in the red zone. For the coming session, if Nifty trades below 3953, it could test 3800, and testing the third time bottom is not a good technical sign, since it points to the fact that the Nifty would a make new low. If the Nifty closes above 4087 it could test 4120-4144 levels and closing below 3977, it would test 3869-3811 levels. Market will react more on global news.


KM

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