Dow Jones Tonight For 04 MAY,2009 - Viral Joshi

Pivot is 8,180 and support is 8,000.

S1 8,180; S2 8,130; S3 8,080; and R1 8,200; R2 8,250; R3 8,300.

Above 8,200 Dow is positive and below 8,180 Dow is negative.

Nifty Future For 04 MAY,2009 - Viral Joshi

Pivot is 3450 and support is 3350.

S1 3465; S2 3450; S3 3420/3400; and R1 3485; R2 3500; R3 3520/3550;

Buy above 3485 and if it breaks 3492 then 3500 - 3520 - 3550.
Short below 3465 and if it breaks 3450 then 3420 - 3400 - 3380.

Daily moving averages:

5DMA 3442;
20DMA 3311;
50DMA 2997;
200DMA 3377.

Dow Jones Tonight For 29 APRIL,2009 - Viral Joshi

Pivot is 8,040 and support is 7,880.

S1 8,000; S2 7,950; S3 7,900; and R1 8,040; R2 8,100; R3 8,200.

Above 8,040 Dow is positive and below 8,000 Dow is negative.

Nifty Future For 29 APRIL,2009 - Viral Joshi

Pivot is 3380 and support is 3300.

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

Buy above 3370 and if it breaks 3380 then 3400 - 3420 - 3450.
Short below 3360 and if it breaks 3355 then 3350 - 3320 - 3300.

Daily moving averages:

5DMA 3413;
20DMA 3292;
50DMA 2986;
200DMA 3381.

Market Catches Flu - Inder Bhatia

The Indian market began on a weak note and saw selling pressure throughout the session and closed with heavy losses, since the Nifty broke the stoploss for longs of 3423 and closed below it. For coming session if Nifty trades below 3351 it will test 3310-3290. On the other side trading above 3417 it will test 3450-3477. On hourly chart RSI will get support near the 40 level, presently at 45.

Dow Jones Tonight for April 28 - Viral Joshi

Pivot is 8,025 and support is 7,880.

S1 7,995; S2 7,920; S3 7,880; and R1 8,025; R2 8,050; R3 8,100.

Above 8,025 Dow is positive and below 7,995 Dow is negative.

Nifty Future for April 28 - Viral Joshi

Pivot is 3475 and support is 3400.

S1 3460; S2 3450; S3 3420/3400; and R1 3485; R2 3500; R3 3520/3550;

Buy above 3475 and if it breaks 3485 then 3500 - 3520 - 3550.
Short below 3465 and if it breaks 3460 then 3450 - 3420 - 3400.

Daily moving averages:

5DMA 3414;
20DMA 3273;
50DMA 2975;
200DMA 3385.

Nifty Update for April 28 - Inder Bhatia

The Indian market opened on alower note tracking weak global cues and saw a volatile session and closed on a flat note. For the coming session 3416-3380 is a good support zone for Nifty. If Nifty trades above 3492 it will test 3517-3542. On the other side trading below 3443 it will test 3417-3380.

Nifty Future for April 27 - Viral Joshi

Pivot is 3460 and support is 3350.

S1 3465; S2 3450; S3 3420/3400; and R1 3485; R2 3500; R3 3520/3550;

Buy above 3485 and if it breaks 3492 then 3500 - 3520 - 3550.
Short below 3470 and if it breaks 3460 then 3450 - 3420 - 3400.

Daily moving averages:

5DMA 3395;
20DMA 3246;
50DMA 2961;
200DMA 3389.

Dow Jones Tonight for April 27 - Viral Joshi

Pivot is 8,080 and support is 7,950.

S1 8,050; S2 8,000; S3 7,950; and R1 8,080; R2 8,150; R3 8,200.

Above 8,080 Dow is positive and below 8,050 Dow is negative.

Nifty in Third Wave Extension - Rakesh Chandra

Nifty has formed an extended 3rd wave on the Daily chart. It should now go in to a 4th corrective wave formation (complex pattern formation), and then see a final 5th wave to the upside.

With stoploss 3,462 buy above 3,490.59 for weekly upside target of 3,536>>3,610>>>3,656.

With stoploss 3,491 short below 3,462.31 for weekly lower target of >3,417>>3,342>>>3,297.

Bears are Weakening - Inder Bhatia

I had attached four weekly charts out of that three are inverted charts for a clearer direction, and to understand happened during 2000-2002, how the bear market rally got over. This week we closed above a major trend line which is the first and early sign that the bears are weakening and the bear market is coming to an end. After 2-3 weeks we could see a correction but this correction will provide a good buying opportunity for bulls, however we need a double confirmation from the RSI.

Nifty Weekly Update for April 27-29 - Inder Bhatia

Buy ADLABS 238.70 TGT 247>263 Stoploss 231.

From the Nifty weekly chart we can see a breakout and a close above the major downward sloping line. The next resistance is 3793 and a strong support at 3240-3173.

Weekly: Last week the market extended the gains by 2.8 percent in the Nifty which rose for seven consecutive weeks. We also saw bulls and bears fighting near the 200 DMA but the bulls won the battle and closed above 200-DMA. This indicated more upside toward 3640-3793.

Daily: On the daily chart Nifty shows a pennant breakout which is a bullish pattern with a logical target of 3750. For the coming session if Nifty crosses 3514 it will test 3583-3643. On the lower side closing below 3423 it will test 3383-3353. The market is trading in an overbought zone on a daily chart. The stoploss for longs would be 3290 to 3440 on a closing basis.

Buy ABGSHIP above 137.50 TGT 145>157 Stoploss 131.

Buy CENTURY TEX ABOVE 239 TGT 250>255STOPLOSS 233.

Buy SINTEX above 142 TGT 146>150 Stoploss 139.

Buy AXIS BANK 532 TGT 545 >561 Stoploss 523.

Hourly: The Indian market opened on a flat note and remained choppy throughout the first session but saw smart buying in the afternoon and closed near the day's high.

For coming session if Nifty trades above 3513 it will test 3583 and 3630. On the lower side 3440-3421 zone would act as a support zone. For longs 3440 would be a stoploss on closing basis.