Strong resistance around 44-46 stops the advance (above). Volatility has further increased - the 5 day ATR is now at 292 or 6.7% and the 20 day ATR is at 161 or 3.7%. In the Nifty fifty stocks today, 26 stocks advanced while 24 declined.
The Indian market opened on higher not tracking positive global cues but saw profit booking at higher level and close in flat note .For coming session we can see more profit booking and nifty can test 4183 in coming session at higher level near 4500 it will act stiff resistances .On the lower side 4180-4050 zone will act support zone .
Today,
- PCR was 1.21, 5 dma of PCR was 1.146.
- VIX was 58.10 , 5 dma of VIX was 50.49,
- FII were net buyers for 4792.56 cr, and DII were net sellers for 1964.19 cr.
- In May FII have bought for 12902.29 cr and DII have sold for 1317.35 cr.
- OI in Nifty May Series Futures, was 3,75,41,150, an addition of 5,30,250 or 1.43%.
- OI in Nifty June Series Futures, was 24,05,250, an addition of 1,36,350 or 6.01%.
- OI in Nifty July Series Futures, was 61,950, a subtraction of -1,100 or -1.74%.
- OI in 4300 CE was 11,68,350, a change of 3,44,400 or 41.80%.
- OI in 4400 PE was 4,32,050, a change of 4,32,050, all were added today.
Nifty's actual high today is 4506 and that coincides with the EW min.target for the "c".(Refer the day chart.)
However, "c" can go higher than the "A" move which would depend on the external cues.
There was a very huge volume based selling in the opening hour and finally Nifty ended 100 points off its high.
Nifty is likely to trade in a broad range and there will be opportunities for both Bulls & Bears in the coming days.Trading with intra technicals might prove profitable.
NIFTY VIEW :- SUP 3880-3990-4141-4280 RESI 4444-4545-4664-4774-5000-5555-6000 ..RIL IND :- SUP 2222-2288-2350 RESI 2442-2500-2700-3000 .....IF ABOVE 4545 2 DAYS CLOSE WITH VOL U ALL SEE 5000 NIFTY UP TO EXPAIRE BUT VOL IS MAIN AND CLOSE IS IMP IF CLOSE THEN ONE WAY 5000, WE GIVE NIFTY 3700 AND 3800 AND 4000 AND RIL IND 1800 , 1900, 1950 CALL AT VERY CHIP RATE AND IN ONE AND TWO DIGIT AND VERY SOON IT WILL REACH 4 DIGIT.. OUR CLIENTS ROCKINGGG ON THE STREET HAVE PROFIT FREE PEOPEL ALSO GET ON MASSANGER THIS MASSAGE ......!!!! WE NEVER DO BIG CLAIM WITH OUT ANY PROF .....TATACOMM , TORRENT POWER , TATACOFEE , NAVNEET , RCOM , RPL , ADAG STOCKS AND RGROUP , LNT , SENSEX STOCKS RNRL RNRL RNRL IS HOT ASHOK LEY AND ESCORT HOLD AGAIN DEL ...and read below our EACH AND EVERY CALL OF DEL ITS ALL HOT .....SO MANY STOCKS ARE GIVEN IN DEL IN 2 MONTH MIN 300+++ STOCKS GIVEN
However, "c" can go higher than the "A" move which would depend on the external cues.
There was a very huge volume based selling in the opening hour and finally Nifty ended 100 points off its high.
Nifty is likely to trade in a broad range and there will be opportunities for both Bulls & Bears in the coming days.Trading with intra technicals might prove profitable.
Well Well no techs no fundamentals, just sheer momemtum and short covering by nf shorts & call writers will take markets up again..So 6th gap opening now..What next????...4650 should be a neutral zone for supply, cross of which can take us all the way to 5000 or a little lower zone..Bear in mind that valuations have to justify this kind of rush up..for this rally to sustain..the above MONTHLY chart is self explanatory..See the resistances and supports and trade accordingly...Do bear in mind that this rise up has comletely changed the support levels of our markets..enjoy the day..cheers..
NIFTY VIEW :- SUP 3880-3990-4141-4280 RESI 4444-4545-4664-4774-5000-5555-6000 ..RIL IND :- SUP 2222-2288-2350 RESI 2442-2500-2700-3000 .....IF ABOVE 4545 2 DAYS CLOSE WITH VOL U ALL SEE 5000 NIFTY UP TO EXPAIRE BUT VOL IS MAIN AND CLOSE IS IMP IF CLOSE THEN ONE WAY 5000, WE GIVE NIFTY 3700 AND 3800 AND 4000 AND RIL IND 1800 , 1900, 1950 CALL AT VERY CHIP RATE AND IN ONE AND TWO DIGIT AND VERY SOON IT WILL REACH 4 DIGIT.. OUR CLIENTS ROCKINGGG ON THE STREET HAVE PROFIT FREE PEOPEL ALSO GET ON MASSANGER THIS MASSAGE ......!!!! WE NEVER DO BIG CLAIM WITH OUT ANY PROF .....TATACOMM , TORRENT POWER , TATACOFEE , NAVNEET , RCOM , RPL , ADAG STOCKS AND RGROUP , LNT , SENSEX STOCKS RNRL RNRL RNRL IS HOT ASHOK LEY AND ESCORT HOLD AGAIN DEL ...and read below our EACH AND EVERY CALL OF DEL ITS ALL HOT .....SO MANY STOCKS ARE GIVEN IN DEL IN 2 MONTH MIN 300+++ STOCKS GIVEN
20.05.2009
Nifty Spot
R-4332/4495/4673.
S-4154/3991/3813.
Nifty Fut
R-4383/4578/4816.
S-4145/3950/3712.
Sensex
R-14356/14877/15453.
S-13780/13259/12683.
Last monday market gapup open moreover Nifty 450 and Sensex 1400 points. and again market will open again market will close nifty 653 andalso sensex 2100 points. That day market will close full day, Yesterday we are all expecting also market open gapup , The market also open gapup , but suddenly the market will down at 120 points at 10.10 am. This time market will silently recovery. Andalso market will come upside upto 150 to 180 points plus. Then after 2.00 pm market will come down at 100 to 150 points . The market will go to downside. The higher level profit booking for Retail invester's this level we book profits. Then today also we expected Retail invester book profit's this levels. Anotherside FII's and mutual fund's buy this levels. So trade caution this level. Yesterday market will close Nifty fut 4340 and NiftySpot 4318 level. This is the good support for markets. The market will go further upside upto 4360,4380,4510,4540 and 4580 levels. In case of the market will downside 4280,4260,4250,4230 and 4180 levels.
R-4332/4495/4673.
S-4154/3991/3813.
Nifty Fut
R-4383/4578/4816.
S-4145/3950/3712.
Sensex
R-14356/14877/15453.
S-13780/13259/12683.
Plz book profit's in this level. Today Nifty Buy Abv 4360 Sl 4320 tgt 4380,4410,4430,4450 and 4480 levels. Nifty Sell Below 4320 Sl 4360 tgt 4300,4280,4250,4230 and 4220 levels.
Plz buy value buying stock : LT, Bhel, Tatasteel, Tatamotors, Punjlloyd, Dlf, Gmr infra,Sterlite Industries, All bank stocks.
The BSE small Cap index (above), Mid Cap ( below), and the BSE 500 ( bottom).
All these three indices are way below their January'08 highs. Do these charts look like the beginning of a bull market? Absolutely not.
What about the 200 day moving average? They say that when prices cross above the 200, then it's a bull market. Not entirely true. Because during this bear market, the 200 came down along with the prices to such low levels that any rally in price is bound to cross over it!
Look at this - the Sensex dropped from 21000~ to 8000~ or 62%. Now to get back to 21k we need to gain 162%! If you lose 50% of your capital, you need to gain 100% back just to break even! That's why, what we're seeing now is not the beginning of a bull market but a fierce fierce bear market rally. Beware!
And here're the Fib retracements for the Nifty.
The BSE small Cap index (above), Mid Cap ( below), and the BSE 500 ( bottom).
All these three indices are way below their January'08 highs. Do these charts look like the beginning of a bull market? Absolutely not.
What about the 200 day moving average? They say that when prices cross above the 200, then it's a bull market. Not entirely true. Because during this bear market, the 200 came down along with the prices to such low levels that any rally in price is bound to cross over it!Look at this - the Sensex dropped from 21000~ to 8000~ or 62%. Now to get back to 21k we need to gain 162%! If you lose 50% of your capital, you need to gain 100% back just to break even! That's why, what we're seeing now is not the beginning of a bull market but a fierce fierce bear market rally. Beware!
And here're the Fib retracements for the Nifty.
No comments:
Post a Comment