Nifty Future For 26 JUNE,2009 - Viral Joshi

Nifty Future For 26 JUNE,2009 - Viral Joshi

Pivot is 4280 and support is 4150.

S1 4235 S2 4220 S3 4200/4180 R1 4255 R2 4280 R3 4300/4320.

NIFTY FUTURE
BUY ABOVE 4250 & IF BREAK 4265 THEN 4280 - 4300 - 4320.
SHORT BELOW 4250 & IF BREAK 4235 THEN 4220 - 4200 - 4180.

Daily moving averages:

5DMA 4266;
20DMA 4450;
50DMA 4025;
200DMA 3367.

Bank Nifty For 26 JUNE,2009 - viral Joshi

Pivot is 7155 and Support is 7000

s1 7100 s2 7080 s3 7050/7020 R1 7155 R2 7180 R3 7200/7250.

Buy Above 7120 & If Break 7150 Then 7180 - 7200 - 7250.
Short Below 7100 & If Break 7090 Then 7080 - 7050 - 7020.

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Dow Jones Tonight For 26 JUNE,2009 - Viral Joshi

Pivot is 8,440 and support is 8,350.

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 25 JUNE,2009 - Viral Joshi

Nifty Future For 25 JUNE,2009 - Viral Joshi

Pivot is 4280 and support is 4250.

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

NIFTY FUTURE
BUY ABOVE 4320 & IF BREAK 4335 THEN 4350 - 4380 - 4400.
SHORT BELOW 4300 & IF BREAK 4290 THEN 4280 - 4265 - 4250.

Daily moving averages:

5DMA 4268;
20DMA 4454;
50DMA 4007;
200DMA 3368.

Bank Nifty For 25 JUNE,2009 - viral Joshi

Pivot is 7100 and Support is 7000

s1 7100 s2 7080 s3 7050/7020 R1 7150 R2 7180 R3 7200/7250.

Buy Above 7120 & If Break 7150 Then 7180 - 7200 - 7250.
Short Below 7100 & If Break 7090 Then 7080 - 7050 - 7020.

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Dow Jones Tonight For 25 JUNE,2009 - Viral Joshi

Pivot is 8,325 and support is 8,150.

S1 8,250; S2 8,200; S3 8,150; and R1 8,300; R2 8,325; R3 8,350/8,400.

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

Nifty Future For 24 JUNE,2009 - Viral Joshi

Pivot is 4235 and support is 4150.

S1 4235 S2 4220 S3 4200 R1 4265 R2 4285 R3 4300/4320.

NIFTY FUTURE
BUY ABOVE 4245 & IF BREAK 4255 THEN 4265 - 4285 - 4300.
SHORT BELOW 4245 & IF BREAK 4235 THEN 4220 - 4200 - 4180.

Daily moving averages:

5DMA 4281;
20DMA 4453;
50DMA 3988;
200DMA 3368.

Bank Nifty For 24 JUNE,2009 - viral Joshi

Pivot is 7085 and Support is 6950

s1 7085 s2 7050 s3 7020/7000 R1 7100 R2 7120 R3 7150/7180.

Buy Above 7100 & If Break 7120 Then 7150 - 7180 - 7200.
Short Below 7085 & If Break 7050 Then 7020 - 7000 - 6980.

Dow Jones Tonight For 24 JUNE,2009 - Viral Joshi

Pivot is 8,325 and support is 8,250.

S1 8,325; S2 8,300; S3 8,250; and R1 8,350; R2 8,400; R3 8,450.

Above 8,350 Dow is positive and below 8,325 Dow is negative.

Nifty Future For 23 JUNE,2009 - Viral Joshi

Pivot is 4255 and support is 4100.

S1 4150 S2 4120 S3 4100 R1 4180 R2 4200 R3 4220/4250.

NIFTY FUTURE
BUY ABOVE 4180 & IF BREAK 4200 THEN 4220 - 4250 - 4280.
SHORT BELOW 4180 & IF BREAK 4150 THEN 4120 - 4100 - 4080.

Daily moving averages:

5DMA 4335;
20DMA 4447;
50DMA 3970;
200DMA 3368.

Bank Nifty For 23 JUNE,2009 - viral Joshi

Pivot is 7255 and Support is 7000

s1 7150 s2 7120 s3 7100/7050 R1 7180 R2 7200 R3 7220/7250.

Buy Above 7180 & If Break 7200 Then 7220 - 7250 - 7280.
Short Below 7180 & If Break 7150 Then 7120 - 7100 - 7050.

Dow Jones Tonight For 23 JUNE,2009 - Viral Joshi

Pivot is 8,380 and support is 8,250.

S1 8,320; S2 8,300; S3 8,250; and R1 8,350; R2 8,400; R3 8,450.

Above 8,350 Dow is positive and below 8,320 Dow is negative.

Nifty Update for June 22 - Inder Bhatia

Last week sensex lost 4.7 percent and the Nifty closed down 5.9 percent respectively. Last week we had mentioned about a rising wedge and long-legged doji combination. Since then we have seen a good reversal from the upside and the Nifty has reached our level of 4249-4189. Nifty bounced from 4202 zone and closed around 4313.

Daily: We are forming a Head and shoulder pattern that is another bearish and strong reversal pattern on top. The pattern is still in the process of formation. If current Nifty goes around 4370-4456-4504 level and cracks the neckline we could see a lower target around 3865-3700. We have seen Reliance Industries had fill post-election gap around 1976.

We can expect the same for the Nifty which could come down around 4000-3795 to fill the gap sooner or later.

BUY BANKINDIA 339 TGT 347>355 Stoploss 333.

SELL IBREAL below 183.50 TGT 165>145 Stoploss 200.50.

Last week we had mentioned that any major rally will correct before its next upmove . We have so far seen just 20 percent retracement. The 23 percent (4151 level); 38 percent (3850) and 50 percent (3592) is shown in the chart.

The Indian market opened on a higher note tracking positive cues but saw a choppy session up and down to close with handsome gains. On the hourly chart we could see some bounces around 4371-4434. On the downside 4240-4189 acts as a support zone while breaking below 4189 more selling could be seen.