Nifty Future For 22 MAY,2009 - Viral Joshi

Pivot is 4250 and support is 4100.

S1 4200 S2 4180 S3 4150/4100 R1 4220 R2 4250 R3 4280/4300.

NIFTY FUTURE
BUY ABOVE 4220 & IF BREAK 4250 THEN 4280 - 4300 - 4350.
SHORT BELOW 4200 & IF BREAK 4180 THEN 4150 - 4120 - 4100.

Daily moving averages:

5DMA 4159;
20DMA 3702;
50DMA 3280;
200DMA 3365.

Dow Jones Tonight For 22 MAY,2009 - Viral Joshi

Pivot is 8,260 and support is 8,100.

S1 8,260; S2 8,200; S3 8,150; and R1 8,300; R2 8,350; R3 8,400.

Above 8,300 Dow is positive and below 8,260 Dow is negative.

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Bank Nifty For 22 May,2009 - viral Joshi

Pivot is 7000 and Support is 6800

s1 6900 s2 6850 s3 6820/6800 R1 7000 R2 7050 R3 7100.

Buy Above 6980 & If Break 7000 Then 7050 - 7080 - 7100.
Short Below 6920 & If Break 6900 Then 6850 - 6820 - 6800.

Bank Nifty For 22 May,2009 - viral Joshi

Pivot is 7000 and Support is 6800

s1 6900 s2 6850 s3 6820/6800 R1 7000 R2 7050 R3 7100.

Buy Above 6980 & If Break 7000 Then 7050 - 7080 - 7100.
Short Below 6920 & If Break 6900 Then 6850 - 6820 - 6800.

Dow Jones Tonight For 22 MAY,2009 - Viral Joshi

Pivot is 8,260 and support is 8,100.

S1 8,260; S2 8,200; S3 8,150; and R1 8,300; R2 8,350; R3 8,400.

Above 8,300 Dow is positive and below 8,260 Dow is negative.

Nifty Future For 22 MAY,2009 - Viral Joshi

Pivot is 4250 and support is 4100.

S1 4200 S2 4180 S3 4150/4100 R1 4220 R2 4250 R3 4280/4300.

NIFTY FUTURE
BUY ABOVE 4220 & IF BREAK 4250 THEN 4280 - 4300 - 4350.
SHORT BELOW 4200 & IF BREAK 4180 THEN 4150 - 4120 - 4100.

Daily moving averages:

5DMA 4159;
20DMA 3702;
50DMA 3280;
200DMA 3365.

Nifty Update for May 22 - Inder Bhatia

The Indian market opened on weak note tracking weak global cues and closed in the red zone. For the coming session we can see bounces around 4160-4130 zone. If market breaks 4160 with volume then we could test 4000. On the upside the 4296-4335 zone will act as resistance.

Bank Nifty For 21 May,2009 - viral Joshi

Pivot is 7200 and Support is 7000

s1 7150 s2 7120 s3 7100/7050 R1 7200 R2 7220 R3 7250/7300.

Buy Above 7200 & If Break 7220 Then 7250 - 7280 - 7300.
Short Below 7150 & If Break 7120 Then 7100 - 7080 - 7050.

Dow Jones Tonight For 21 MAY,2009 - Viral Joshi

Pivot is 8,475 and support is 8,350.

S1 8,400; S2 8,350; S3 8,300; and R1 8,475; R2 8,525; R3 8,580/8,600.

Above 8,475 Dow is positive and below 8,400 Dow is negative.

Nifty Future For 21 MAY,2009 - Viral Joshi

Pivot is 4300 and support is 4180.

S1 4250 S2 4220 S3 4200/4180 R1 4300 R2 4350 R3 4400/4450.

NIFTY FUTURE
BUY ABOVE 4300 & IF BREAK 4320 THEN 4350 - 4400 - 4450.
SHORT BELOW 4250 & IF BREAK 4220 THEN 4200 - 4180 - 4150.

Daily moving averages:

5DMA 4035;
20DMA 3660;
50DMA 3249;
200DMA 3363.

Nifty Update for May 21 - Inder Bhatia

The Indian market opened on a negative note but recovered in early trade. Profit-booking was seen at higher levels and the Nifty closed in negative zone. For the coming session, if Nifty trades below 4260 it could test 4187-4145 zone. On the upside trading above 4330 it will test 4380-4401. We could see rally in mid-cap counters.

Bank Nifty For 20 May,2009 - viral Joshi

Pivot is 7300 and Support is 7000

s1 7250 s2 7200 s3 7150/7100 R1 7300 R2 7320 R3 7350/7400.

Buy Above 7300 & If Break 7320 Then 7350 - 7380 - 7400.
Short Below 7250 & If Break 7230 Then 7200 - 7150 - 7100.

Dow Jones Tonight For 20 MAY,2009 - Viral Joshi

Pivot is 8,525 and support is 8,350.

S1 8,450; S2 8,400; S3 8,350; and R1 8,525; R2 8,550; R3 8,600/8,700.

Above 8,525 Dow is positive and below 8,450 Dow is negative.

Nifty Future For 20 MAY,2009 - Viral Joshi

Pivot is 4350 and support is 4200.

S1 4320 S2 4300 S3 4280/4250 R1 4350 R2 4380 R3 4400/4450.

NIFTY FUTURE
BUY ABOVE 4350 & IF BREAK 4380 THEN 4400 - 4450 - 4500.
SHORT BELOW 4350 & IF BREAK 4320 THEN 4300 - 4280 - 4250.

Daily moving averages:

5DMA 3908;
20DMA 3615;
50DMA 3219;
200DMA 3361.

Dow Jones Tonight For 19 MAY,2009 - Viral Joshi

Pivot is 8,460 and support is 8,380.

S1 8,500; S2 8,450; S3 8,400; and R1 8,525; R2 8,550; R3 8,600/8,700.

Above 8,525 Dow is positive and below 8,500 Dow is negative.

Bank Nifty For 19 May,2009 - viral Joshi

Pivot is 5820 and Support is 6820

s1 6920 s2 6900 s3 6880 R1 6950 R2 7000 R3 7050/7100

Buy Above 6950 & If Break 6980 Then 7000 - 7050 - 7100.
Short Below 6920 & If Break 6900 Then 6880 - 6850 - 6820.

Nifty Future for May 19 - Viral Joshi

Pivot is 3750 and support is 4320.

S1 4380 S2 4350 S3 4320 R1 4400 R2 4450 R3 4500/4550.

NIFTY FUTURE
BUY ABOVE 4400 & IF BREAK 4420 THEN 4450 - 4500 - 4550.
SHORT BELOW 4380 & IF BREAK 4370 THEN 4360 - 4340 - 4320.

Daily moving averages:

5DMA 3781;
20DMA 3569;
50DMA 3188;
200DMA 3359.

Nifty Update for May 19 - Inder Bhatia

The Indian market made history 2upper circuits it was golden Monday on Dalal Street. For coming session we would open gap-up and tested 4500 but we can see profit booking at higher level around the afternoon session. On the lower side 3700-3800 zone will act as strong support zone.

Dow Jones Tonight for May 18 - Viral Joshi

Pivot is 8,275 and support is 8,100.

S1 8,250; S2 8,200; S3 8,150; and R1 8,275; R2 8,300; R3 8,350.

Above 8,275 Dow is positive and below 8,250 Dow is negative.

Bank Nifty for May 18 - Viral Joshi

Pivot is 5675 and Support is 5500

s1 5675 s2 5650 s3 5620/5580 R1 5700 R2 5720 R3 5750/5780

Buy Above 5700 & If Break 5710 Then 5720 - 5750 - 5780.
Short Below 5675 & If Break 5650 Then 5620 - 5600 - 5580.

5700 - 5675 sideways movements.

Nifty Future for May 18 - Viral Joshi

Pivot is 3665 and support is 3600.

S1 3675 S2 3665 S3 3650/3620 R1 3685 R2 3700 R3 3720/3750.

NIFTY FUTURE
Buy above 3685 and if it breaks 3695 then 3700-3720-3750.
Short below 3675 and if it breaks 3665 then 3650-3620-3600.

Daily moving averages:

5DMA 3627;
20DMA 3521;
50DMA 3157;
200DMA 3357.

Jai Ho for May 18 - Inder Bhatia

Buy ABB above 495 TGT 538>551 Stoploss 481.

BUY OBC above 143 TGT 151>163 Stoploss 137.

Buy SIEMENS above 371 TGT 389>407 Stoploss 355.

Buy IDEA above 66>73>76.90 Stoploss 63.50.

On the weekly chart, Nifty shows a breakout and closed above major downward sloping line. Next resistance is 3793 with strong support 3240-3173.

Last week Sensex gained 2.5 percent and Nifty 1.4 percent respectively. Sensex closed with tenth consecutive weekly gain. As poll results showed a great victory for UPA, we could see positive sentiments for stock market.

On the daily chart Nifty was hovering in the range 3500-3700 and very close to strong resistance zone of 3800. For the coming session we could see a gap-up celebrating UPA victory and test 3937-4000. On the lower side 3530-3470 will act as a support zone.

The Indian market opened on a higher note taking cues from the global market and saw smart buying in final trading session to close near the day's high. For the coming session we have seen a clean victory for the UPA which will be positive for the stock market. We can see gap-up opening and Nifty could test 3850-3923.