Pivot is 8,400 and support is 8,300.
S1 8,400; S2 8,350; S3 8,300; and R1 8,420; R2 8,500; R3 8,600.
Above 8,420 Dow is positive and below 8,400 Dow is negative.
Friday, May 8, 2009
Dow Jones Tonight For 08 MAY,2009 - Viral Joshi
Posted by VIRAL JOSHI at 7:53 AM 0 comments
Nifty Future For 08 MAY,2009 - Viral Joshi
Pivot is 3670 and support is 3600.
S1 3670; S2 3640; S3 3620/3600; and R1 3685; R2 3700; R3 3720/3750;
Buy above 3680 and if it breaks 3695 then 3700 - 3720 - 3750.
Short below 3670 and if it breaks 3650 then 3640 - 3620 - 3600.
Daily moving averages:
5DMA 3620;
20DMA 3434;
50DMA 3055;
200DMA 3371.
Posted by VIRAL JOSHI at 7:50 AM 0 comments
Thursday, May 7, 2009
Nifty Update for May 8 - Inder Bhatia
Posted by Anonymous at 9:08 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
Dow Jones Tonight For 07 MAY,2009 - Viral Joshi
Pivot is 8,475 and support is 8,350.
S1 8,500; S2 8,475; S3 8,350; and R1 8,520; R2 8,550; R3 8,600.
Above 8,520 Dow is positive and below 8,500 Dow is negative.
Posted by VIRAL JOSHI at 7:57 AM 0 comments
Nifty Future For 07 MAY,2009 - Viral Joshi
Pivot is 3650 and support is 3550.
S1 3620; S2 3600; S3 3580/3550; and R1 3650; R2 3685; R3 3700/3720;
Buy above 3650 and if it breaks 3670 then 3685 - 3700 - 3720.
Short below 3620 and if it breaks 3600 then 3590 - 3580 - 3550.
Daily moving averages:
5DMA 3555;
20DMA 3403;
50DMA 3040;
200DMA 3372.
Posted by VIRAL JOSHI at 7:56 AM 0 comments
Wednesday, May 6, 2009
Nifty Update for May 7 - Inder Bhatia
Posted by Anonymous at 9:32 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
Dow Jones Tonight For 06 MAY,2009 - Viral Joshi
Pivot is 8,380 and support is 8,300.
S1 8,400; S2 8,350; S3 8,300; and R1 8,450; R2 8,500; R3 8,600.
Above 8,450 Dow is positive and below 8,400 Dow is negative.
Posted by VIRAL JOSHI at 8:16 AM 0 comments
Nifty Future For 06 MAY,2009 - Viral Joshi
Pivot is 3650 and support is 3600.
S1 3650; S2 3625; S3 3600/3580; and R1 3670; R2 3685; R3 3700/3720;
Buy above 3650 and if it breaks 3670 then 3685 - 3700 - 3720.
Short below 3650 and if it breaks 3640 then 3620 - 3600 - 3580.
Daily moving averages:
5DMA 3524;
20DMA 3373;
50DMA 3026;
200DMA 3374.
Posted by VIRAL JOSHI at 8:15 AM 0 comments
Nifty In Extended Third Wave Area - Rakesh Chandra
On an EOD basis we are progressing towards end of extended 3rd up wave. This is called 5th of 3rd wave. It is a war zone for the bulls and bears, and the bears will be the winner. It requires 1-2 days more for the up momentum to cool off. Till this time, we will see sideways movement. Since Nifty has already achieved all targets on a weekly basis, do not expect much upside.
Sell a higher call option of 3750 instead of naked shorting the future; alternatively buy a put and hold. If at some point we see more upside or if stay in range for 1-2 days then take 3500 put option. As a rule, convention says that shorting a future = selling a call option + buying a put option.
Posted by Unknown at 1:33 AM 0 comments
Labels: NIFTY FUTURE, NSE, RAKESH CHANDRA
Tuesday, May 5, 2009
Nifty Update for May 6 - Inder Bhatia
Posted by Anonymous at 9:16 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
USD Investment in India Has Peaked
If we look at the investment chart of US dollars in absolute amounts since 1990, i.e the year when controls over the USD were removed aka liberalization, enthusiasts of Elliot Wave Theory would see that the impulsive third wave is over. The entire impulsive third wave move took 10 years.
The downwave from about 14,000 is the wave A or so we can assume. The next few years will find it difficult to see the same peaks of USD investment in India in absolute terms, irrespective of the value of the Indian rupee versus the USD.
This can only point to a churn as the USD investment sees a 4th wave corrective. Do note that this corrective can go right down to 2,500 level. However, optimistically, it would do a triangular movement.
The scenario thus does not augur well for the Indian economy. It points to the fact that interest in emerging economies would be on the wane or at least muted. To maintain the bull run, the Indian rupee would have to be devalued to allow an export-oriented economy to flourish.
Posted by Bhoomi Trader at 5:50 PM 0 comments
Labels: ELLIOT WAVE THEORY, INR, USD
Nifty Update for May 5 - Inder Bhatia
Posted by Anonymous at 8:40 AM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
Dow Jones Tonight For 05 MAY,2009 - Viral Joshi
Pivot is 8,380 and support is 8,300.
S1 8,400; S2 8,350; S3 8,300; and R1 8,450; R2 8,500; R3 8,600.
Above 8,450 Dow is positive and below 8,400 Dow is negative.
Posted by VIRAL JOSHI at 7:46 AM 0 comments
Nifty Future For 05 MAY,2009 - Viral Joshi
Pivot is 3640 and support is 3600.
S1 3640; S2 3620; S3 3600/3580; and R1 3680; R2 3700; R3 3720/3750;
Buy above 3680 and if it breaks 3700 then 3720 - 3750 - 3800.
Short below 3650 and if it breaks 3640 then 3620 - 3600 - 3580.
Daily moving averages:
5DMA 3488;
20DMA 3339;
50DMA 3011;
200DMA 3375.
Posted by VIRAL JOSHI at 7:45 AM 0 comments
Sunday, May 3, 2009
Stocks Update for May 4 - Rakesh Chandra
These stocks have technically corrected and are waiting for the upside.
Posted by Unknown at 11:18 PM 0 comments
Labels: HOT STOCKS, NSE, RAKESH CHANDRA
Nifty and Stocks Update for May 4 - Inder Bhatia
If Nifty trades above 3520 it will test 3700 zone and trading below 3290 it will test 3200 zone. Nifty is still hanging around 200-day moving average and will act as as support zone for bulls. For the coming week, closing above 3496 levels it will test 3547-3613 zone and closing below 3440 it will test 3377-3290 zone.
Posted by Anonymous at 9:32 PM 0 comments
Labels: INDER BHATIA, NIFTY, NSE
KM
RECENT COMMENTS
Blog Archive
-
►
2011
(2)
- ► 02/20 - 02/27 (1)
- ► 01/16 - 01/23 (1)
-
►
2010
(17)
- ► 12/26 - 01/02 (1)
- ► 09/05 - 09/12 (1)
- ► 08/15 - 08/22 (4)
- ► 08/01 - 08/08 (1)
- ► 07/04 - 07/11 (4)
- ► 06/27 - 07/04 (2)
- ► 05/16 - 05/23 (1)
- ► 03/28 - 04/04 (1)
- ► 01/24 - 01/31 (1)
- ► 01/03 - 01/10 (1)
-
▼
2009
(333)
- ► 10/25 - 11/01 (1)
- ► 10/11 - 10/18 (1)
- ► 09/13 - 09/20 (2)
- ► 08/30 - 09/06 (4)
- ► 08/23 - 08/30 (5)
- ► 08/16 - 08/23 (3)
- ► 08/09 - 08/16 (3)
- ► 08/02 - 08/09 (7)
- ► 07/26 - 08/02 (7)
- ► 07/19 - 07/26 (5)
- ► 07/12 - 07/19 (3)
- ► 07/05 - 07/12 (2)
- ► 06/28 - 07/05 (4)
- ► 06/21 - 06/28 (5)
- ► 06/14 - 06/21 (11)
- ► 06/07 - 06/14 (8)
- ► 05/31 - 06/07 (22)
- ► 05/24 - 05/31 (18)
- ► 05/17 - 05/24 (20)
- ► 05/10 - 05/17 (19)
-
▼
05/03 - 05/10
(16)
- Dow Jones Tonight For 08 MAY,2009 - Viral Joshi
- Nifty Future For 08 MAY,2009 - Viral Joshi
- Nifty Update for May 8 - Inder Bhatia
- Dow Jones Tonight For 07 MAY,2009 - Viral Joshi
- Nifty Future For 07 MAY,2009 - Viral Joshi
- Nifty Update for May 7 - Inder Bhatia
- Dow Jones Tonight For 06 MAY,2009 - Viral Joshi
- Nifty Future For 06 MAY,2009 - Viral Joshi
- Nifty In Extended Third Wave Area - Rakesh Chandra
- Nifty Update for May 6 - Inder Bhatia
- USD Investment in India Has Peaked
- Nifty Update for May 5 - Inder Bhatia
- Dow Jones Tonight For 05 MAY,2009 - Viral Joshi
- Nifty Future For 05 MAY,2009 - Viral Joshi
- Stocks Update for May 4 - Rakesh Chandra
- Nifty and Stocks Update for May 4 - Inder Bhatia
- ► 04/26 - 05/03 (13)
- ► 04/19 - 04/26 (14)
- ► 04/12 - 04/19 (11)
- ► 04/05 - 04/12 (9)
- ► 03/29 - 04/05 (13)
- ► 03/22 - 03/29 (14)
- ► 03/15 - 03/22 (10)
- ► 03/08 - 03/15 (3)
- ► 03/01 - 03/08 (9)
- ► 02/22 - 03/01 (10)
- ► 02/15 - 02/22 (8)
- ► 02/08 - 02/15 (6)
- ► 02/01 - 02/08 (10)
- ► 01/25 - 02/01 (6)
- ► 01/18 - 01/25 (15)
- ► 01/11 - 01/18 (10)
- ► 01/04 - 01/11 (6)
-
►
2008
(663)
- ► 12/28 - 01/04 (14)
- ► 12/21 - 12/28 (11)
- ► 12/14 - 12/21 (18)
- ► 12/07 - 12/14 (12)
- ► 11/30 - 12/07 (9)
- ► 11/23 - 11/30 (8)
- ► 11/16 - 11/23 (16)
- ► 11/09 - 11/16 (15)
- ► 11/02 - 11/09 (16)
- ► 10/26 - 11/02 (2)
- ► 10/19 - 10/26 (15)
- ► 10/12 - 10/19 (17)
- ► 10/05 - 10/12 (11)
- ► 09/28 - 10/05 (11)
- ► 09/21 - 09/28 (16)
- ► 09/14 - 09/21 (21)
- ► 09/07 - 09/14 (16)
- ► 08/31 - 09/07 (14)
- ► 08/24 - 08/31 (11)
- ► 08/17 - 08/24 (9)
- ► 08/10 - 08/17 (12)
- ► 08/03 - 08/10 (30)
- ► 07/27 - 08/03 (32)
- ► 07/20 - 07/27 (23)
- ► 07/13 - 07/20 (25)
- ► 07/06 - 07/13 (39)
- ► 06/29 - 07/06 (29)
- ► 06/22 - 06/29 (27)
- ► 06/15 - 06/22 (33)
- ► 06/08 - 06/15 (32)
- ► 06/01 - 06/08 (28)
- ► 05/25 - 06/01 (27)
- ► 05/18 - 05/25 (29)
- ► 05/11 - 05/18 (31)
- ► 05/04 - 05/11 (3)
- ► 03/30 - 04/06 (1)