Friday, February 6, 2009

Dow Jones Tonight for February 6 - Viral Joshi

Pivot is 8,050 and support is 7,850.

S1 8,050; S2 8,000; S3 7,900; and R1 8,100; R2 8,150; R3 8,200.

Above 8,100 Dow is positive and below 8,050 Dow is negative.

Nifty Future for February 6 - Viral Joshi

Pivot is 2770 and support is 2700.

S1 2750; S2 2720; S3 2700; and R1 2770; R2 2785; R3 2800/2850;

Buy above 2770 and if it breaks 2785 then 2800 - 2820 - 2850.
Short below 2750 and if it breaks 2740 then 2730 - 2720 - 2700.

Daily moving averages:

5DMA 2802;
20DMA 2795;
50DMA 2852;
200DMA 3851.

Thursday, February 5, 2009

Nifty Update for February 6 - Inder Bhatia

The Indian market opened slightly higher but slip in red territory and close in red zone. Market are witness selling pressure on higher levels near 2830 -2870 zones and trading in narrow range 2830 levels on upside and 2750 on the lower side.

Gold in Distribution Phase - Rakesh Chandra

Here is the Gold daily chart analysis. We are moving toward the 5th up wave on the daily chart. Currently 5 th up progression is on and we cannot deny some upside above (b) point. But it is doubtful so Gold is in a distribution phase.

With weekly stoplos 924, Buy above 932.01 for weekly target 945>>966>>>979.

With stoploss 932 Short below 923.95 for weekly lower target 911>>890>>>877.

The Bad Planets are Coming Back - Rakesh Chandra

The planets are coming back. From Feb 10-March 12, all planets are in bad shape and the bear salsa will be back. Watch these days for astrology effect.

11-12FEB>>Sun-Neptune
16-17-18>>Mars-Jupiter
23-24 >>Jupiter-Mercury
1-2 MARCH >>Mercury-Mars
7-8 MARCH>> Mars-Neptune
12 MARCH>>Sun-Uranus.

Wednesday, February 4, 2009

Nifty Update for January 5 - Inder Bhatia

The Indian market opened with a higher note and traded on a positive zone for the initial part of the session. For the coming session below 2750 Nifty could test 2720-2690. On the other side 2830-2870 will act as resistance. Market is trading in a narrow range to sideways.

Tuesday, February 3, 2009

Nifty Update for February 4 - Inder Bhatia

The Indian market opened with an upward gap and saw a choppy session. Markets are trading in a narrow range. Trading below 2747 it could test 2720-2701. On the other side 2812-2830 would act as a resistances zone.

Monday, February 2, 2009

Nifty Update for February 3 - Inder Bhatia

The Indian market opened on a lower note on weak global cues and closed in a deep red zone. For the coming session 2763-2720 would act as a main support for bounces, and cracking below 2720 it could test 2690. On the other side 2880 would act as strong resistance.

Nifty Roadmap for the Weeks Ahead - AP

Sunday, February 1, 2009

Nifty Future Update for February 2 - Rakesh Chandra

With stoploss 2,857 buy above 2,881.39, with next week up target 2,922>>2,986>>>3,027.


With stoploss 2,881 short below 2,856.61, with next week lower target 2,816>>2,752>>>2,711.

Option players may sell 2700 put and sell 3000 calls and hold for time decay gains.


KM

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