Dow Jones Tonight For 17 APRIL,2009 - Viral Joshi

Pivot is 8,100 and support is 8,000.

S1 8,100; S2 8,050; S3 8,000; and R1 8,150; R2 8,200; R3 8,250.

Above 8,150 Dow is positive and below 8,100 Dow is negative.

Nifty Future For 17 APRIL,2009 - Viral Joshi

Pivot is 3400 and support is 3300.

S1 3380; S2 3350; S3 3320; and R1 3400; R2 3420; R3 3450/3480;

Buy above 3400 and if it breaks 3410 then 3420 - 3450 - 3480.
Short below 3400 and if it breaks 3390 then 3380 - 3350 - 3320.

Daily moving averages:

5DMA 3384;
20DMA 3072;
50DMA 2892;
200DMA 3420.

Dow Jones Tonight For 16 APRIL,2009 - Viral Joshi

Pivot is 7,980 and support is 7,850.

S1 7,980; S2 7,920; S3 7,850; and R1 8,050; R2 8,100; R3 8,150.

Above 8,050 Dow is positive and below 7,980 Dow is negative.

Nifty Future For 16 APRIL,2009 - Viral Joshi

Pivot is 3450 and support is 3380.

S1 3480; S2 3450; S3 3420/3400; and R1 3500; R2 3520; R3 3550/3580;

Buy above 3500 and if it breaks 3510 then 3520 - 3550 - 3580.
Short below 3500 and if it breaks 3490 then 3480 - 3450 - 3420.

Daily moving averages:

5DMA 3362;
20DMA 3040;
50DMA 2880;
200DMA 3426.

Nifty Update for April 16 - Inder Bhatia

The Indian market opened gap-down but saw a smart recovery in the last trading session, to close with handsome gains. On the daily chart Nifty has convincingly closed above 200 DMA so we could see further upside movement towards 3530-3583 zone. On the lower side 3401-3373 will act as support.

Dow Jones Tonight For 15 APRIL,2009 - Viral Joshi

Pivot is 7,950 and support is 7,800.

S1 7,900; S2 7,850; S3 7,800; and R1 7,950; R2 7,980; R3 8,020.

Above 7,950 Dow is positive and below 7,900 Dow is negative.

Nifty Future For 15 APRIL,2009 - Viral Joshi

Pivot is 3370 and support is 3280.

S1 3370; S2 3350; S3 3320/3300; and R1 3400; R2 3420; R3 3450;

Buy above 3380 and if it breaks 3400 then 3420 - 3450 - 3480.
Short below 3370 and if it breaks 3350 then 3320 - 3300 - 3280.

Daily moving averages:

5DMA 3307;
20DMA 2996;
50DMA 2864;
200DMA 3431.

Nifty Update for April 15 - Inder Bhatia

The Indian market opened on green note and saw a choppy session to close in the positive zone. For the coming session, the market will trade in a narrow range. From the last two sessions, the hourly RSI is indicating negative divergences, thus for any longs, keep a tight stop. On the lower side 3341-3316 would act as a support zone. Trading above 3390, Nifty will try to kiss 3411-3436.

Dow Jones Tonight for April 13 - Viral Joshi

Pivot is 8,040 and support is 7,900.

S1 8,050; S2 8,000; S3 7,950; and R1 8,100; R2 8,150; R3 8,200.

Above 8,100 Dow is positive and below 8,050 Dow is negative.

Nifty Future for April 13 - Viral Joshi

Pivot is 3250 and support is 3300.

S1 3350; S2 3320; S3 3300; and R1 3380; R2 3400; R3 3420/3450;

Buy above 3380 and if it breaks 3400 then 3420 - 3450 - 3480.
Short below 3370 and if it breaks 3350 then 3320 - 3300 - 3280.

Daily moving averages:

5DMA 3243;
20DMA 2956;
50DMA 2851;
200DMA 3437.

Nifty Update for April 13 - Inder Bhatia

HOT STOCK: Buy ABG Shipyard above 139 TGT 153>167 Stoploss 125.

HOT STOCK: Buy CENTRALBANKOFINDIA above 43.30 TGT 47>51 Stoploss 40.50.

HOT STOCK: Buy VIDEOCONIND 124 TGT 141>156 Stoploss 113.

DAILY: Last week market extended gains by 4.1 percent in Nifty, for the fifth consecutive week. Last week Nifty crossed the main hurdle 3240 and kissed 3400 levels. For the coming week there is strong and major downward sloping trendline resistance as shown in chart at 3470 and plus a 200-Dema at 3400 level.

On the daily chart Nifty has made a Doji pattern which suggests indecisiveness between bulls and bears. For this week a close below 3297 will test 3194-3154. On the upside, trading above 3470 will see the Nifty at 3650-3765, as shown in the weekly chart. Markets are overbought hence a correction is welcome. Once should buy on dips for the next upmoves.

HOURLY: The Indian market opened on a firm note and traded volatile throughout the session and closed in the green zone. For the coming session markets are heading towards major resistance 3470. Trading below 3307, we could see profit-booking and Nifty could test 3257-3194. On the other side trading above 3382 it could test 3407-3432 .

WEEKLY: Nifty shows an inverted chart on the Weekly charts. The 3470 would act as a resistance if 3470 are broken with volume, the next target is 3765.