Monday, August 25, 2008

For : Aug 25, 2008

Two times in a row weak weekly closing. But still NIFTY has some upside.
Settlement will be above 4500, some green days ahead.
Look for metal stocks, especialy HINDZINC, HINDALCO, STER

Thursday, August 14, 2008

For : Aug 14, 2008

NIFTY will again open around 4500, if today it closes in negative then a weak weekly closing after five weeks.
If it doesn't trade above 4600 within couple of days & sustain there then chances are less for uptrend in coming days before showing any downtrend.
R : 4545-4564-4578-4590
S : 4502-4488-4454-4425.

Wednesday, August 13, 2008

For : Aug 13, 2008

NIFTY may open just above 4500, not expecting wide range in market, as all wait for SEBI meeting's result.
R : 4575-4601-4620-4642
S : 4522-4490-4470-4444

Tuesday, August 12, 2008

For : Aug 12, 2008

NIFTY will open flat on weak global market. It can go further up today also.
Two major events (SEBI meeting on PN norms & IIP data announcement) will decide the future trend.
R : 4634-4649-4664-4690.
S : 4585-4564-4532-4495.
Stock 2 Watch : Rcap & Maruti can outperform the market.

Monday, August 11, 2008

For : Aug 11, 2008

NIFTY will open slightly above 4600, some profit booking can come, may close around today's high.
Still there is something left in NIFTY.
R : 4572-4591-4615-4647-4675
S : 4515-4493-4470-4444.

Friday, August 8, 2008

For : Aug 08, 2008

NIFTY to open flat, Inflation-US-Crude will put bear on upper hand.
A good rally is pending so if take short position go with strict SL.
Bearish reversal yet to confirm, something still left in NIFTY.

Thursday, August 7, 2008

For : Aug 07, 2008

Weak Asian market result in weak opening (around 4470).
Inflation data expectations will pressurise the market, If you take short position stick with strict SL.
NIFTY can test its yesterday high (4615.90) within couple of days. Still some strength is left in NIFTY.
R : 4528-4546-4572-4597
S : 4508-4496-4482-4468.

Wednesday, August 6, 2008

For : Aug 06, 2008

Global Market will help NIFTY to open above 4600, 4680 will be a major hurdle for NIFTY.
Hope no one took short positions yesterday. Today NIFTY FUT can go upto 4660.
NTPC : strong above 184.5, can easily touch 189.5. Expect 193 within couple of days.

Tuesday, August 5, 2008

For : Aug 05, 2008

Do not short at any point of a time, NIFTY can take jump to 4540.
R : 4422-4444-4470-4490
S : 4385-4370-4347-4327.

Monday, August 4, 2008

For : Aug 04, 2008

Global market will result in flat opening.
Market is still good inspite of world market & crude oil.
NIFTY is going to test crucial 4540 level, and hope it will breech it.
R : 4436-4468-4490-4540
S : 4380-4365-4332-4301.

Friday, August 1, 2008

For : Aug 01, 2008

Global market & inflation will open NIFTY around 4256 (third time in a week).
Bearish reversal yet to confirm.
R : 4275-4305-4352-4385.
S : 4251-4224-4201-4190.