Dow Jones Tonight for December 19 - Viral Joshi

Pivot is 8,680 and support is 8,480.

S1 8,600; S2 8,550; S3 8,500; and R1 8,680; R2 8,750; R3 8,800.

Above 8,680 Dow is positive and below 8,600 Dow is negative.

Nifty Future for December 19 - Viral Joshi

Pivot is 3020 and support is 2950.

S1 3050; S2 3020; S3 3000/2980; and R1 3090; R2 3120; R3 3150/3180;

Buy above 3050 and if it breaks 3090 then 3120 - 3150 - 3180.
Short below 3050 and if it breaks 3020 then 3000 - 2980 - 2950.

Daily moving averages:

5DMA 2992;
20DMA 2792;
50DMA 2967;
200DMA 4167.

Nifty Update for December 19 - Inder Bhatia

The Indian market opened on positive note and drift in to the red zone but closed with handsome gains. After a good inflation number, the market saw a U turn and closed near the day's highs. For the coming session we could witness a momentum towards upside and the Nifty could test the 3153-3170 zone. On the lower side, 2929 would be the stop-loss closing base.

Nifty Future for December 18 - Viral Joshi

Pivot is 2980 and support is 2880.

S1 2920; S2 2900; S3 2880; and R1 2950; R2 2980; R3 3000/3020;

Buy above 2950 and if it breaks 2980 then 3000 - 3020 - 3050.
Short below 2930 and if it breaks 2920 then 2900 - 2880 - 2850.

Daily moving averages:

5DMA 2964;
20DMA 2773;
50DMA 2985;
200DMA 4178.

Dow Jones Tonight for Dec 17 - Viral Joshi

Pivot is 8,800 and support is 8,650.

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

Above 8,950 Dow is positive and below 8,900 Dow is negative.

Nifty Future for Dec 17 - Viral Joshi

Nifty Future Pivot is 3020 and support is 2980.

S1 3050; S2 3020; S3 2980; and R1 3060/3080; R2 3100; R3 3120/3150;

Buy above 3060 and if it breaks 3080 then 3100 - 3120 - 3150.
Short below 3050 and if it breaks 3030 then 3020 - 3000 - 2980.

Daily moving averages:

5DMA 2959;
20DMA 2766;
50DMA 3005;
200DMA 4189.

Screw Satyam - Rakesh Chandra

History repeats again. You must remember the day of Tata Steel with Corus. What happened the next day? Tata Steel changed in to Ghata (loss) Steel....i.e. massive downfall.

Now, the same with Satyam.
Every Indian must have question in his mind and they are ready and buy back at lower level.

Price is bearish below 237, which is a monthly pivot point.

Downwave (0-1) T1 : 214;
Downwave (2-3) T2 : 176;
Downwave (4-5) T3 : 15.

Nifty Update for December 17 - Inder Bhatia

The Indian market opened on a lower note but saw a volatile session and surged in the late trading session to close above 3000. For the coming session momentum on the upside would continue and Nifty could test 3153-3173 i.e the upper channel line. On the lower side, closing below 2926 it will crack the lower channel line.

Nifty Future for December 16 - Viral Joshi

Pivot is 2980 and support is 2880.

S1 2950; S2 2920; S3 2900/2880; and R1 2990; R2 3020; R3 3050/3080;

Buy above 2990 and if it breaks 3020 then 3050 - 3080 - 3100.
Short below 2980 and if it breaks 2950 then 2920 - 2900 - 2880.

Daily moving averages:

5DMA 2907;
20DMA 2754;
50DMA 3021;
200DMA 4200.

Dow Jones Tonight For 16 Dec,2008 - Viral Joshi

Pivot is 8,550 and support is 8,400.

S1 8,550; S2 8,500; S3 8,450; and R1 8,580; R2 8,620; R3 8,700.

Above 8,580 Dow is positive and below 8,550 Dow is negative.

Nifty Future for December 16 - Rakesh Chandra

Let us continue the wave counting on the 45-minute chart. The 12345 wave series is over and the ABC corrective move is on the cards. A sell on upmove should be the trading strategy.

With stoploss 2,976, buy above 2,986.02 with up target >3,002>>3,029>>>3,045.

With stoploss 2,986, Short below 2,975 with lower target >2,960>>2,933>>>2,917.

Nifty Update for December 13 - Inder Bhatia

The Indian market opened on a positive note and closed in the green zone. For the coming session Nifty had kissed 50-day SMA on the daily chart, which will now act as a strong resistance zone. If Nifty closes above 3020 it could test 3150. On the lower side 2753 will act as a strong support zone.

Dow Jones Tonight for December 15 - Viral Joshi

Pivot is 8,580 and support is 8,480.

S1 8,600; S2 8,550; S3 8,500; and R1 8,650; R2 8,700; R3 8,800.

Above 8,650 Dow is positive and below 8,600 Dow is negative.

Nifty Future for December 15 - Viral Joshi

Pivot is 2880 and support is 2800.

S1 2900; S2 2880; S3 2850/2800; and R1 2950; R2 2980; R3 3000/3050;

Buy above 2880 and if it breaks 2920 then 2950 - 2980 - 3020.
Short below 2880 and if it breaks 2870 then 2850 - 2820 - 2800.

Daily moving averages:

5DMA 2854;
20DMA 2747;
50DMA 3041;
200DMA 4211.

Copper: Oversold Dec 15-19 - Rakesh Chandra

Copper on the daily charts has completed the 3rd downwave, and thus a 4th upwave is on cards. The possible target for this is the 185+ area. In the coming couple of weeks, each decline in copper is a buying opportunity.

With stoploss 161 next week, buy Copper above 162.60 with target>166>>171>>>174.

With stoploss 163 next week, short Copper below 160.60 with lower target >157>>152>>>149.

Nickel: Upwave for Dec 15-19 - Rakesh Chandra

On the weekly chart, the 5th downwave is over and hence the upwave is now in progress.
With stoploss 503, buy above 516.22 with up target 537>>571>>>593.

The monthly target is as follows:

UPWAVE (4-5) MUT3: 645;
UPWAVE (2-3) MUT2: 604;
UPWAVE (0-1) MUT1: 538.

Price is bullish above monthly pivot point 498.

Gold - Distribution to Continue Dec 15-19

Gold on a larger scale range shows very high volatility. So it easily gets unstable and the chart pattern is not clear. Hence we will count this as corrective.

With stoploss 13,029 buy above 13,067.25. Next week up target is 13,130>> 13,230 >>>13,293.

With stoploss 13,067 short below 13,028.75 with stoploss 12,966>>12,866>>>12,803.

Nifty Update for Week December 15-19 - Inder Bhatia

Buy GATEWAYDISTRIPARKS 83.50 TGT 89>96 STOPLOSS 81.

Buy BRFL above 134 TGT 141>157 Stoploss 129.

Last week Nifty surged by 7.62 percent with significant gains. Inflation data was released on Thursday 8 percent for the week ended November 29, 2008. The IIP data announced was negative but the market saw smart recovery from lower levels. For the coming session if Nifty touches 2945, it could test 3005-3037 levels. On the other side closing below 2840 it will touch 2775 -2721 levels.

The Indian market opened gap-down on weak global cues. Market recovered from the lows in the afternoon session and saw smart recovery, closing in the green zone. For the coming session if Nifty trades above 2945 it could test 2975-2991. On the lower side trading below 2847 levels it can test 2810-2790 zone.

Nifty Future for Week Dec 15-19 - Rakesh Chandra

Some more upside move is possible. In the coming week expect some consolidation because market movement should consume more time pricewise as well as timewise in this area of 4th up.

The trading strategy for the 4th should be to sell on upside and and buy at lower and obey the levels strictly.

For next week,

Stoploss 2,920 buy above 2,947.73 with
up target 2,992>>3,064>>>3,109.

With stoploss 2,948 short below 2,920.27
with lower target >2,876>>2,804>>>2,759.