Dow Jones Tonight for November 14 - Viral Joshi

Pivot is 8,500 and support is 8,350.

S1 8,800; S2 8,700; S3 8,600; and R1 8,850; R2 8,900; R3 8,950/9,050.

Above 8,850 Dow is positive and below 8,800 Dow is negative.

Nifty Future for November 14 - Viral Joshi

Pivot is 2880 and support is 2800.

S1 2850 ; S2 2820; S3 2800; and R1 2880; R2 2920/2950; R3 2980/3020;

Buy above 2850 and if it breaks 2880 then 2920 - 2950 - 2980 - 3020.
Short below 2850 and if it breaks 2820 then 2800 - 2780 - 2750.

Daily moving averages:

5DMA 2960;
20DMA 2970;
50DMA 3618;
200DMA 4443.

Nifty Update for November 14 - Inder Bhatia

The Indian market opened on a weak note but saw a smart recovery in the second half as better than expected IIP data were announced. Market saw selling at the higher end and Nifty closed in the red zone. For the coming session if Nifty closes below 2750, it could test 2650-2600 on the upper side. Above 2976 it could test 3100 levels .

Quo Vadis? Nifty! - Manoj Bhagra

We have a holiday today, so I guess lucky to have avoided another fall considering the weak global markets around us. Today also saw the release of Inflation Figures which surprisingly have reverted to single digits. A cause of celebration? Why not? A small rally? Sure! Isn’t it how we reacted to IIP numbers yesterday before plummeting.

The range mentioned on my last weekend post 2850 to 3250 for a breakout on either side held well. Now the bias shifts to 2750/2700 - last hope for bulls - because any break below 2700 is surely going to be testing time for the bulls.

A quick glance at the daily chart of Nifty shows we had reacted to our long term trend line and snapped back. It has also become too much of a work for the bulls to even stay and close above the 20 period-MA (drawn in green). We have closed again at the 38.2 percent retracement, much will depend on who takes control from here.

The hopeful bulls are looking to a pullback from here, and draw, what looks like an inverted complex H&S pattern with a breakout above 3160 (drawn on closing basis on the chart); can’t really blame them, as I have been often saying, "Hope lays eternal in a bull’s heart!"

The overhead resistances, which I find are much harder to overcome now, are at 2950/3050. Whereas the supports which are so easily taken out are at 2750/2650. So we can say that our range has shifted with a negative bias for now.

Dow Jones Tonight for November 12 - Viral Joshi

Pivot is 8,700 and support is 8,550.

S1 8,650; S2 8,600; S3 8,550; and R1 8,700; R2 8,750; R3 8,800/8,850.

Above 8,700 Dow is positive and below 8,650 Dow is negative.

Nifty Future for November 12 - Viral Joshi

Pivot is 2965 and support is 2800.

S1 2900 ; S2 2880; S3 2850/2820; and R1 2920; R2 2965; R3 2980/3050;

Buy above 2920 and if it breaks 2965 then 2980 - 3020 - 3050.
Short below 2900 and if it breaks 2880 then 2850 - 2820 - 2800.

Daily moving averages:

5DMA 2990;
20DMA 3004;
50DMA 3645;
200DMA 4455.

Nifty Update for November 12 - Inder Bhatia

The Indian market opened on a weak note, following weak global cues, and drifted lower till the end. For the coming session, 2880-2863 would act as support. If we break 2860, it can drift to 2700 zone. On the other side 3054 would act as a strong resistance zone. Market would react on global cues tomorrow too.

Dow Jones Tonight for November 11 - Viral Joshi

Pivot is 8,900 and support is 8,850.

S1 8,850; S2 8,800; S3 8,750; and R1 8,900; R2 8,950; R3 9,000/9,050.

Above 8,900 Dow is positive and below 8,850 Dow is negative.

Nifty Future for November 11 - Viral Joshi

Pivot is 3120 and support is 3020.

S1 3150 ; S2 3100; S3 3080/3050; and R1 3170; R2 3200; R3 3250/3300;

Buy above 3120 and if it breaks 3150 then 3170 - 3200 - 3250.
Short below 3120 and if it breaks 3100 then 3080 - 3050 - 3020.

Daily moving averages:

5DMA 3030;
20DMA 3031;
50DMA 3672;
200DMA 4468.

Nifty Update for November 11 - Inder Bhatia

The Indian market opened gap-up, continued to trade in a positive zone and close in the green zone. For the coming session we could kiss 3240-3253. If Nifty trades above 3260 we could see a rally up to 3400 but 3254 will act as strong resistance. Profit-booking may come in at 3253, so one could play with stoploss.

Dow Jones Tonight for November 10 - Viral Joshi

Pivot is 8,935 and support is 8,850.

S1 8,900; S2 8,800; S3 8,850; and R1 8,980; R2 9,000; R3 9,050/9,100.

Above 8,980 Dow is positive and below 8,900 Dow is negative.

Nifty Future for November 10 - Viral Joshi

Pivot is 3000 and support is 2900.

S1 3000 ; S2 2950; S3 2900; and R1 3020; R2 3050/3080; R3 3100/3150;

Buy above 3020 and if it breaks 3050 then 3080 - 3100 - 3150.
Short below 3000 and if it breaks 2980 then 2950 - 2920 - 2900.

Daily moving averages:

5DMA 3009;
20DMA 3038;
50DMA 3696;
200DMA 4482.

Copper for Week November 10-14 - Rakesh Chandra

On a daily scale copper is in an oversold area. Currently it is in an accumulation zone. Buying is advisable for a pullback rally.

Buy Copper above 188.49 TGT 196>>207>>>214.

Nifty Future for Week Nov 10-14 - Rakesh Chandra

As we said last week on the upper side profit-booking will come easly. Markt behaved in the same maner. It corrected from 3295 to 2850 levels in two trading sessions. On the upward move 3400 area is top resistanse. Sell 3400 call option on the upmove, however booking profits on the upper side is a better trading idea.

Buy Nifty above 3,048.63 TGT 3,148>>3,308>>>3,407 Stoploss 2,987.

Nifty Update for November 10 - Inder Bhatia

Hourly: The Indian market opened on a weak note and saw a choppy start but Nifty recovered in the afternoon session and closed in the green zone. For the coming session if Nifty crosses 3010 it could test the 3125-3156 zone. On the lower side 2850 will act strong support zone.

Daily: Last week Nifty gained 3.30 percent and continued the momentum for the upside. For the coming week, Nifty is forming an inverse Head and Shoulder pattern on the daily chart. It needs to break the neckline with volume for a valid pattern. For the coming session, if Nifty closes above 3024 it could test 3125-3189. On the upside 3254 would act as a strong resistance zone. If nifty is able to cross the 3254 zone, it will test 3439-3569. On the lower side 2850 would act as a support, and breaking below 2850 Nifty could 2750-2729 zone.

Weekly: On weekly Nifty has made an inverted Hammer pattern, which points toward the up side. Nifty would face strong resistance near 3250 zone.

Buy RELINFRA above 573 TGT 611>630 Stoploss 553.

Buy IOC above 370 TGT 381>393 Stoploss 363.