Friday, February 27, 2009

Nifty Update for February 27 - Inder Bhatia

The Indian market opened on a negative note but ended higher on expiry day. For the coming session 2830-2840 is the zone to be watched. If Nifty crosses above it could test 2910. On the lower side 2730 would act as the support zone.

Dow Jones Tonight for February 27 - Viral Joshi

Pivot is 7,250 and support is 7,100.

S1 7,200; S2 7,150; S3 7,100; and R1 7,250; R2 7,300; R3 7,350.

Above 7,250 Dow is positive and below 7,200 Dow is negative.

Nifty Future for February 27 - Viral Joshi

Pivot is 2770 and support is 2700.

S1 2750; S2 2720; S3 2700; and R1 2770; R2 2785; R3 2800/2850;

Buy above 2770 and if it breaks 2785 then 2800 - 2820 - 2850.
Short below 2765 and if it breaks 2740 then 2730 - 2720 - 2700.

Daily moving averages:

5DMA 2762;
20DMA 2825;
50DMA 2873;
200DMA 3697.

Wednesday, February 25, 2009

Nifty Update for February 26 - Inder Bhatia

The Indian market opened on a positive note and saw selling pressure at higher levels but managed to close in the green zone. For the coming session we could see a choppy session. If Nifty trades above 2780 it could test 2809-2827. On the lower side trading below 2745 it could see 2711-2691.


Dow Jones Tonight for February 25 - Viral Joshi

Pivot is 7,300 and support is 7,200.

S1 7,320; S2 7,300; S3 7,250; and R1 7,380; R2 7,400; R3 7,450.

Above 7,380 Dow is positive and below 7,320 Dow is negative.

Nifty Future for February 25 - Viral Joshi

Pivot is 2725 and support is 2680.

S1 2720; S2 2700; S3 2680; and R1 2725; R2 2750; R3 2780;

Buy above 2725 and if it breaks 2735 then 2750 - 2780 - 2800.
Short below 2720 and if it breaks 2710 then 2700 - 2690 - 2680.

Daily moving averages:

5DMA 2761;
20DMA 2829;
50DMA 2879;
200DMA 3721.

Tuesday, February 24, 2009

Nifty Update for February 25 - Inder Bhatia

The Indian market opened on a lower note tracking weak global cues and saw a smart recovery from the lower levels. However, it ended marginally in the red zone. For the coming session if nifty trades above 2756 it could test 2801-2827. On the lower side 2691 will act as a support zone.

Dow Jones Tonight for February 25 - Viral Joshi

Pivot is 7,200 and support is 7,000.

S1 7,100; S2 7,050; S3 7,000; and R1 7,150; R2 7,200; R3 7,250.

Above 7,150 Dow is positive and below 7,100 Dow is negative.

Nifty Future for February 24 - Viral Joshi

Pivot is 2720 and support is 2600.

S1 2720; S2 2700; S3 2680/2650; and R1 2725; R2 2750; R3 2780;

Buy above 2725 and if it breaks 2735 then 2750 - 2780 - 2800.
Short below 2720 and if it breaks 2700 then 2680 - 2650 - 2600.

Daily moving averages:

5DMA 2784;
20DMA 2826;
50DMA 2883;
200DMA 3733.

Monday, February 23, 2009

Nifty Update for February 24 - Inder Bhatia

The Indian market opened on weak note and trade in the red territory for a session. For the coming session on an hourly chart there is divergence and we could witness an up move up to 2810-2840. On the lower side 2700-2689 would act as a support zone.

KM

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