Bank Nifty For 29 May,2009 - viral Joshi

Pivot is 7300 and Support is 7150

s1 7300 s2 7250 s3 7200 R1 7350 R2 7400 R3 7450/7500.

Buy Above 7350 & If Break 7380 Then 7400 - 7450 - 7500.
Short Below 7300 & If Break 7280 Then 7250 - 7200 - 7150.

Dow Jones Tonight For 29 MAY,2009 - Viral Joshi

Pivot is 8,380 and support is 8,300.

S1 8,400; S2 8,380; S3 8,350; and R1 8,425; R2 8,475; R3 8,525.

Above 8,425 Dow is positive and below 8,400 Dow is negative.

Nifty Future For 29 MAY,2009 - Viral Joshi

Pivot is 4335 and support is 4250.

S1 4335 S2 4300 S3 4280/4250 R1 4350 R2 4380 R3 4400/4420.

NIFTY FUTURE
BUY ABOVE 4350 & IF BREAK 4380 THEN 4400 - 4420 - 4450.
SHORT BELOW 4335 & IF BREAK 4320 THEN 4300 - 4280 - 4250.

Daily moving averages:

5DMA 4241;
20DMA 3909;
50DMA 3443;
200DMA 3364.

Nifty Update for May 29 - Inder Bhatia

The Indian market opened on a small gain and traded choppy till afternoon session but saw some buying in the end to close with handsome gains. For the coming session 4370 is a key level to watch. If the Nifty trades above 4370 it is likely to test 4430-4450 zone. On the lower side trading below 4303 it will test 4259-4215.

Bank Nifty For 28 May,2009 - viral Joshi

Pivot is 7160 and Support is 7000

s1 7160 s2 7120 s3 7080 R1 7180 R2 7200 R3 7220/7250.

Buy Above 7180 & If Break 7200 Then 7220 - 7250 - 7300.
Short Below 7160 & If Break 7120 Then 7080 - 7050 - 7020.

Dow Jones Tonight For 28 MAY,2009 - Viral Joshi

Pivot is 8,375 and support is 8,200.

S1 8,280; S2 8,250; S3 8,200; and R1 8,325; R2 8,375; R3 8,425.

Above 8,325 Dow is positive and below 8,280 Dow is negative.

Nifty Future For 28 MAY,2009 - Viral Joshi

Pivot is 4240 and support is 4100.

S1 4240 S2 4220 S3 4200/4180 R1 4260 R2 4280 R3 4300/4350.

NIFTY FUTURE
BUY ABOVE 4260 & IF BREAK 4280 THEN 4300 - 4330 - 4350.
SHORT BELOW 4240 & IF BREAK 4220 THEN 4200 - 4180 - 4150.

Daily moving averages:

5DMA 4216;
20DMA 3861;
50DMA 3408;
200DMA 3364.

Nifty Update for May 28 - Inder Bhatia

The Indian market opened on gap-up on firm global cues and closed in the green zone. The markets saw buying in the afternoon session and closed with good gains. For the coming session 4320-4360 will act resistance zone. On the lower side 4170-4150 will act as support.

Bank Nifty For 27 May,2009 - viral Joshi

Pivot is 6920 and Support is 6800

s1 6850 s2 6820 s3 6800 R1 6920 R2 6950 R3 7000/7100.

Buy Above 6900 & If Break 6920 Then 6950 - 7000 - 7050.
Short Below 6880 & If Break 6850 Then 6830 - 6820 - 6800.

Dow Jones Tonight For 27 MAY,2009 - Viral Joshi

Pivot is 8,450 and support is 8,300.

S1 8,450; S2 8,400; S3 8,350; and R1 8,500; R2 8,550; R3 8,600.

Above 8,500 Dow is positive and below 8,450 Dow is negative.

Nifty Future For 27 MAY,2009 - Viral Joshi

Pivot is 4150 and support is 4050.

S1 4110 S2 4100 S3 4080/4050 R1 4150 R2 4180 R3 4200/4250.

NIFTY FUTURE
BUY ABOVE 4150 & IF BREAK 4180 THEN 4200 - 4230 - 4250.
SHORT BELOW 4130 & IF BREAK 4110 THEN 4100 - 4080 - 4050.

Daily moving averages:

5DMA 4215;
20DMA 3820;
50DMA 3375;
200DMA 3365.

Bank Nifty For 26 May,2009 - viral Joshi

Pivot is 7050 and Support is 6900

s1 7050 s2 7000 s3 6950/6900 R1 7080 R2 7100 R3 7150.

Buy Above 7080 & If Break 7100 Then 7120 - 7150 - 7200.
Short Below 7050 & If Break 7030 Then 7000 - 6950 - 6900.

Dow Jones Tonight For 26 MAY,2009 - Viral Joshi

Pivot is 8,330 and support is 8,100.

S1 8,250; S2 8,200; S3 8,150; and R1 8,300; R2 8,350; R3 8,400.

Above 8,300 Dow is positive and below 8,250 Dow is negative.

Nifty Future For 26 MAY,2009 - Viral Joshi

Pivot is 4250 and support is 4150.

S1 4220 S2 4200 S3 4180/4150 R1 4250 R2 4280 R3 4300/4350.

NIFTY FUTURE
BUY ABOVE 4250 & IF BREAK 4280 THEN 4300 - 4320 - 4350.
SHORT BELOW 4240 & IF BREAK 4220 THEN 4200 - 4180 - 4150.

Daily moving averages:

5DMA 4272;
20DMA 3748;
50DMA 3312;
200DMA 3365.

Bank Nifty For 25 May,2009 - viral Joshi

Pivot is 7000 and Support is 6800

s1 7050 s2 7000 s3 6950/6900 R1 7100 R2 7150 R3 7200.

Buy Above 7080 & If Break 7100 Then 7120 - 7150 - 7200.
Short Below 7050 & If Break 7030 Then 7000 - 6950 - 6900.

Dow Jones Tonight For 25 MAY,2009 - Viral Joshi

Pivot is 8,325 and support is 8,100.

S1 8,250; S2 8,200; S3 8,150; and R1 8,300; R2 8,350; R3 8,400.

Above 8,300 Dow is positive and below 8,250 Dow is negative.

Nifty Future For 25 MAY,2009 - Viral Joshi

Pivot is 4250 and support is 4150.

S1 4250 S2 4220 S3 4200 R1 4280 R2 4300 R3 4320/4350.

NIFTY FUTURE
BUY ABOVE 4260 & IF BREAK 4280 THEN 4300 - 4320 - 4350.
SHORT BELOW 4250 & IF BREAK 4240 THEN 4220 - 4200 - 4180.

Daily moving averages:

5DMA 4272;
20DMA 3748;
50DMA 3312;
200DMA 3365.

Nifty Update for May 25 - Inder Bhatia

Last week the Sensex gained 14.1 percent and Nifty gained 15.4 percent respectively, closing the eleventh consecutive weekly gain. On Monday, the stock markets hit the upper circuit twice and made history demonstrating a clear mandate for the UPA-led government.

Daily: On the charts, one can observe that before any new breakout or breakdown Nifty had spent at least five months trading in a 1000-point range. After this, Nifty has seen a breakdown. Next, Nifty has traded in a 700-point range for almost three months, before a further breakdown was noticed. Following this, we see the Nifty had spent more than five months in a 700-point range - 3200-2500 zone - and seen then saw a breakout from 3200 to 4600.

Nifty has moved to this level in just more than one month and a big gap has been left behind. At least a gap needs to be filled or partially filled. Nifty should spend time around 3800-4500. If Nifty closes above 4650 with volume, the new range of 5300-5500 zone will open, while closing below 3790 would be a sign of weakness.

Hourly: The Indian market opened on a weak note and saw smart gains in the afternoon session and closed in the green zone. For the coming session if Nifty trades above 4257 then it can test 4307-4335. On the lower side trading below 4197 it could test 4163-4150.