NIFTY DAILY OUTLOOK DEC 29, 2010

On Tuesday, market opened on positive node and traded in the narrow range thru out the day and closed down flat in red. FMGC, IT and Pharma attract buying whereas Oil & Gas, Auto, Capital Goods and Banks traded week. Overall it was slightly volatile trading session. Volume for the day was lower then previous trading session. Market breadth was negative. Midcap index and Small caps index closed up in green.

For the day, the level of 5965 and 5940 may act as a major support for the market and the level of 6025 and 6050 may act as a major hurdle. Market may attract buying.

Medium term trend will turn positive above the level of 6065.

"Spot Levels" Day trader can go long on nifty above 6025 with stop loss 5995 for target 6050 / 6080 and can go short below 5965 with stop loss 5995 for target 5940 / 5910.

Index Range

Nifty: 5996
Range: 5940-6050
Resistance: 6025-6050-6080
Support: 5965-5940-5910

Bank Nifty: 11427.30
Range: 11230-11630
Resistance: 11515-11570-11630
Support: 11350-11290-11230

Short term: Up (5970)
Medium term: Down (6065)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  1328.12-1219.09= +109.03
DII:  716.35 - 981.71=   -265.36

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

MARKET VERY BULLISH AVOID SHORT IN MARKET

BUY IBREALEST ABOVE 132.50 :: TARGET 155-160-165 :: TIME FRAME 3-4 DAYS

BUY IBREALEST ABOVE 132.50

CONDITION CLOSING REQUIRED ABOVE 132.50

STOPLOSS 125 CLOSING BASIS

TARGET 155-160-165

TIME FRAME 3-4 DAYS

OM SHRI GANESHAYA NAMAH

NIFTY WEEKLY & DAILY OUTLOOK DEC 27, 2010

Last week the range for market was given between 5835-5970, however market traded near the higher end of the range thru out the week and close at 6011.60. For this week keep on holding the long position as advice last week above the level of 5970, further long position can be added above the level of 6065 with stop loss  of 5930 on closing basis on nifty spot for target 6170 / 6280 / 6390. Our view remain positive on market, we recommend buy on dips. Further update would be given during the week.

For the day, the level of 5990 and 5960 may act as a major support for the market and the level of 6030 and 6060 may act as a major hurdle. Market may attract buying and buy sugar and banking stocks.

Medium term trend will turn positive above the level of 6065.

"Spot Levels" Day trader can go long on nifty above 6030 with stop loss 6000 for

target 6060 / 6085 and can go short below 5990 with stop loss 6020 for target 5960 / 5935.

Index Range

Nifty: 6011.60
Range: 5960-6060
Resistance: 6030-6060-6085
Support: 5990-5960-5935

Bank Nifty: 11477
Range: 11290-11625
Resistance: 11515-11570-11625
Support: 11405-11350-11290

Short term: Up (5970)
Medium term: Down (6065)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  1221.23-1206.41= +14.82
DII:  651.84 - 948.40=   -296.56

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Jingle bells Jingle bells Jingle all the way...wishing u all a Merry Christmas :) God Bless!!!

May Peace be your gift at Christmas and your blessing all year through !

1 X'mas Tree!,1 Lakh Candles!,1 Crore Baloons!,1 Million Stars!,1 Billion Wishes,&.. 1 Hearty wish to u ... MERRY CHRISTMAS!!!..

AGAIN REPEATING AVOID SHORT IN MARKET.... EOD NIFTY SPOT CHART - LONG - SHORT - VIEW

AGAIN REPEATING AVOID SHORT IN MARKET....

MARKET SOON HEADING FOR 6180-6210 LEVELS WITH MINOR HURDLE AT 6065 ALL SPOT LEVELS

IT'S SHORT ACCUMULATE ABOVE 6150 WITH SL 6280 WEEKLY CLOSING ALL SPOT LEVELS

6180-6210>>>>5400-5600

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK DEC 24, 2010

On Thursday, market opened on positive node and traded in the narrow range thru out the day and closed down flat in red. Pharma and IT attract buying whereas Metals, Auto and Capital Goods traded week. Overall it was the volatile trading session. Volume for the day was much lower then previous trading session. Market breadth was negative. Midcap index and Small caps index closed down in red.

For the day, the level of 5965 and 5940 may act as a major support for the market and the level of 5995 and 6025 may act as a major hurdle. Market may attract buying.

Medium term trend will turn positive above the level of 6065.

"Spot Levels" Day trader can go long on nifty above 5995 with stop loss 5965 for target 6025 / 6055 and can go short below 5965 with stop loss 5995 for target 5940 / 5910.

Index Range

Nifty: 5980
Range: 5940-6025
Resistance: 5995-6025-6055
Support: 5965-5940-5910

Bank Nifty: 11469
Range: 11290-11625
Resistance: 11515-11570-11625
Support: 11405-11350-11290

Short term: Up (5970)
Medium term: Down (6065)
Long term: Up (5350)

Cash Market Trading Activity (Prov. Figure in Rs. Crores)

Cat: Buy Val - Sell Val=   Net Val
FII:  1490.30-1633.40= -143.10
DII:  893.35 - 981.98=  -88.63

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

EOD NIFTY SPOT CHART - LONG - SHORT - VIEW

BOOK LONG NEAR / ON CROSSOVER OF BLUE LINE (BLUE POINT 6)

GO SHORT ON CROSS BELOW RED LINE (RED POINT 5) FOR (RED POINT 6)
OM SHRI GANESHAYA NAMAH

Astro View on Nifty 24th December 2010

•Today, the moon is in the Pushya Nakshatra.

•From 9:15 to 12:05, there is a very strange pattern in the market, as initial first half will have up jobbing and suddenly it will have down jobbing. Be careful. Focus on a particular scrip, and ideally, avoid trading during this period.

•From 13:13 to 13:45, NIFTY may be down.

•From 13:46 to 14:19, NIFTY may be up.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY UPDATE AND VIEWS :: SESAGOA AND EDUCOMP

AVOID SHORT IN MARKET ...

NIFTY LOOKING STRONG ...

MARKET MAY START RALLY FROM TODAY OR TOMMORROW ...

AGAIN WE REPEAT AVOID SHORT IN MARKET ..

MARKET BOTTOMING OUT..

NIFTY SPOT ALREADY GIVEN 2 DAYS CLOSE ABOVE 5970 ...

MINOR HURDLE AT 6065 OUR TARGET ON NIFTY 6180-6210 SL 5890 CLOSING

FOR SHORT TERM SESAGOA AND EDUCOMP LOOKS GOOD

OM SHRI GANESHAYA NAMAH