Friday, April 24, 2009

Dow Jones Tonight for April 24 - Viral Joshi

Pivot is 7,900 and support is 7,800.

S1 7,950; S2 7,900; S3 7,850; and R1 7,980; R2 8,020; R3 8,050.

Above 7,980 Dow is positive and below 7,950 Dow is negative.

Nifty Future for April 24 - Viral Joshi

Pivot is 3385 and support is 3350.

S1 3400; S2 3385; S3 3350; and R1 3450; R2 3480; R3 3500;

Buy above 3400 and if it breaks 3425 then 3450 - 3480 - 3500.
Short below 3400 and if it breaks 3385 then 3375 - 3360 - 3350.

Daily moving averages:

5DMA 3376;
20DMA 3219;
50DMA 2948;
200DMA 3393.

Thursday, April 23, 2009

Dow Jones Tonight for April 23 - Viral Joshi

Pivot is 7,980 and support is 7,750.

S1 7,880; S2 7,850; S3 7,800; and R1 7,980; R2 8,020; R3 8,050.

Above 7,980 Dow is positive and below 7,880 Dow is negative.

Nifty Future for April 23 - Viral Joshi

Pivot is 3335 and support is 3280.

S1 3320; S2 3300; S3 3280; and R1 3335; R2 3350; R3 3380/3400;

Buy above 3335 and if it breaks 3340 then 3350 - 3380 - 3400.
Short below 3325 and if it breaks 3320 then 3310 - 3300 - 3280.

Daily moving averages:

5DMA 3365;
20DMA 3188;
50DMA 2935;
200DMA 3397.

Wednesday, April 22, 2009

Nifty Update for April 23 - Inder Bhatia

The Indian market opened on a firm note but saw selling pressure at higher levels and closed in the red zone. For the coming session Nifty is moving in a downward channel. If Nifty trades above 3390 one can go long. However, on the downside if Nifty trades below 3303 on a closing basis one can short for 3263-3240. On the upside 3423-3440 zone will act as resistance.

Dow Jones Tonight for April 23 - Viral Joshi

Pivot is 7,925 and support is 7,800.

S1 7,950; S2 7,925; S3 7,850; and R1 7,975; R2 8,020; R3 8,080.

Above 7,975 Dow is positive and below 7,950 Dow is negative.

Nifty Future for April 23 - Viral Joshi

Pivot is 3375 and support is 3280.

S1 3350; S2 3320; S3 3300/3280; and R1 3375; R2 3400; R3 3420;

Buy above 3375 and if it breaks 3390 then 3400 - 3420 - 3450.
Short below 3350 and if it breaks 3340 then 3320 - 3300 - 3280.

Daily moving averages:

5DMA 3396;
20DMA 3162;
50DMA 2924;
200DMA 3402.

Tuesday, April 21, 2009

Nifty Update for April 22 - Inder Bhatia

The Indian market opened gap-down on a weak global market but saw smart recovery in trading session. However, it faced selling pressure at higher levels. For the coming session if Nifty trades below 3303, one can go short on Nifty, but trading above 3420 zones one can go long on Nifty. On the upside 3420-3470 zones will act as resistance.

Dow Jones Tonight for April 21 - Viral Joshi

Pivot is 7,880 and support is 7,750.

S1 7,820; S2 7,800; S3 7,750; and R1 7,880; R2 7,920; R3 8,000.

Above 7,880 Dow is positive and below 7,820 Dow is negative.

Nifty Future for April 21 - Viral Joshi

Pivot is 3380 and support is 3280.

S1 3350; S2 3320; S3 3300/3280; and R1 3380; R2 3400; R3 3420;

Buy above 3380 and if it breaks 3390 then 3400 - 3420 - 3450.
Short below 3350 and if it breaks 3340 then 3320 - 3300 - 3280.

Daily moving averages:

5DMA 3400;
20DMA 3134;
50DMA 2914;
200DMA 3408.

Monday, April 20, 2009

Nifty Update for April 21 - Inder Bhatia

The Indian market opened on a green note and saw profit-booking at higher levels. For the coming session Nifty has broken an “M” pattern on the intraday basis but closed above the trendline. If Nifty trades below 3313 it will test 3293-3240. On the other side 3440-3472 would act as a resistance zone.

Dow Jones Tonight for April 20 - Viral Joshi

Pivot is 8,150 and support is 8,000.

S1 8,120; S2 8,100; S3 8,050; and R1 8,150; R2 8,200; R3 8,250.

Above 8,150 Dow is positive and below 8,120 Dow is negative.

Nifty Future for April 20 - Viral Joshi

Pivot is 3425 and support is 3300.

S1 3380; S2 3350; S3 3320; and R1 3400; R2 3425; R3 3450/3480;

Buy above 3400 and if it breaks 3410 then 3425 - 3450 - 3480.
Short below 3400 and if it breaks 3390 then 3380 - 3350 - 3320.

Daily moving averages:

5DMA 3393;
20DMA 3103;
50DMA 2903;
200DMA 3414.

Sunday, April 19, 2009

Hot Stocks for April 20 - Inder Bhatia

BUY HEROHONDA above 1110 TGT 1137>1150 Stoploss 1092.

Sell TATASTEEL below 256 TGT 246>237 Stoploss 263.

KM

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