Astro View on Nifty 24th September 2010

•Nifty may hover around the surface till 12.45 as the weightage is zero. Overall, Nifty may show strength and jobbing is the only thing that will make you earn profits. Forget about other tips, sms and news.
•From 12.45 to 13.30, Nifty will go up twice and take a dip, once.
•From 13.30 to 14.40, it's a period of confusion as Nifty will change its strength frequently. Deal according to the capacity of your delivery.
•From 14.40 to 15.30, Nifty may create a 'head & shoulder' kind of a pattern i.e.  it may go some points on the positive side and some on the negative side of the axis.
•Next week, Ganesha foresees that there is a possibility of the opening being between flat and negative.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK SEPT 23, 2010

On Wednesday, market open in green but faced selling pressure at higher levels and remain volatile thru out the day. Banking attracted good buying during second half of the session. IT and Capital Good was under selling pressure. Market breadth was negative. Midcap & Smallcap index closed in red.

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. Mostly all technical indicators are in an overbought zone so one needs to be cautious at higher levels. Market will be volatile.

The short term trend will turn negative below the level of 5760.

Day trader can go long on nifty above 6025 with stop loss 6005 for
target 6050 / 6075 and can go short below 5965 with stop loss 5985
for target 5940 / 5915.

INDEX RANGE

NIFTY: 5991
Range: 5960-6045
Resistance: 6025-6050-6075
Support: 5965-5940-5915

BANK NIFTY: 12305.70

Range: 12140-12460
Resistance: 12360-12415-12460
Support: 12250-12190-12140

Short term: Up (5760)

Medium term: UP (5530)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 23rd September 2010

•Nifty may be very positive at 9:05, but may suddenly go downward.  You have set a limit in your terminal and Ganesha advises you not to deal without stop-loss.
•From 9.15 to 12.05, a period of confusion. Just observe the terminal; consider no deal as a profit deal.
•From 12.05 to 13.15, Nifty may make you do jobbing on the upper side.
•From 13.15 to 14.10, with respect to the previous points, Nifty may make a 'W'-shaped graph. You may be able to take a good decision.
•From 14.10 to 15.30 Nifty may show strength, but will come across profit booking in between. However, no need to worry.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK SEPT 22, 2010

On Tuesday, market opened gap-up and remain volatile thru out the day. Both Nifty and Sensex manage to cross 6000 and 20000 level, closing above the same for the first time since January 2008. Banking sector remain under profit booking. IT and Pharma attracted huge buying. Market breadth was negative and profit booking was seen at higher levels. Midcap & Smallcap index closed in red.

For the day, the level of 5990 and 5960 may act as a major support
for the market and the level of 6020 and 6045 may act as a major hurdle. Mostly all technical indicators are in an overbought zone so one needs to be cautious at higher levels.

The short term trend will turn negative below the level of 5760.

Day trader can go long on nifty above 6020 with stop loss 6000 for
target 6045 / 6060 and can go short below 5985 with stop loss 6005
for target 5960 / 5945.

INDEX RANGE

NIFTY: 6009.05
Range: 5960-6045
Resistance: 6020-6045-6060
Support: 5990-5960-5945

BANK NIFTY: 12245

Range: 12080-12415
Resistance: 12305-12360-12415
Support: 12190-12140-12080

Short term: Up (5760)

Medium term: UP (5530)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 22nd September 2010

•Ganesha foresees an amazing pattern. Nifty may be highly volatile and keep the market on the upper side of the surface.
•From 11.10 to 12.20, there is a selling pressure in the market, but by how many points, is difficult to predict.
•From 12.20 till the closing time, Nifty may show strength.

•However, you may spot some change in trend at 13.45, 14.40 and 15.20.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

5955-5945 GOOD SUPPORT ON NIFTY SPOT IF BREAK WITH VOLUME THEN CAN SEE 5900-5860-5815-5760 IF NOT THEN CAN RALLY TILL 6045-6065

NIFTY DAILY OUTLOOK SEPT 21, 2010

On Monday, market opened gap-up and remain positive thru out the day.
Mostly all sectors attracted huge buying, but some weakness was seen in Pharma and IT. Volume for the day was lower then previous trading session.

For the day, the level of 5965 and 5940 may act as a major support
for the market and the level of 6000 and 6025 may act as a major hurdle. Mostly all technical indicators are in an overbought zone so one needs to be cautious at higher levels.

The short term trend will turn negative below the level of 5760.

Day trader can go long on nifty above 6000 with stop loss 5980 for
target 6025 / 6050 and can go short below 5965 with stop loss 5985
for target 5940 / 5915.

INDEX RANGE

NIFTY: 5980.45
Range: 5940-6025
Resistance: 6000-6025-6050
Support: 5965-5940-5915

BANK NIFTY: 12251.20
Range: 12090-12420
Resistance: 12305-12360-12420
Support: 12195-12140-12090

Short term: Up (5760)
Medium term: UP (5530)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 21th September 2010

•The opening is good, according to Ganesha. But once you exit, it may show you a downward trend. Nifty will pass time till 12.30 by changing trends, frequently. 
•From 12.30 to 13.30, Nifty may be highly volatile, and may make you do jobbing.
•From 13.30 to 14.25, Nifty is likely to be highly unpredictable. If there's no way out then keep a margin of Re.1 and keep exiting.
•From 14.25 to 15.30, Nifty may bring you where you had begun. Don't be too adventurous; instead, pay attention to profit booking.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK SEPT 20, 2010

On Friday, with support of global clues market opened gap-up and remain positive thru out the day. For the past week all indices closed in green, top gainer were banking and oil & gas sector both gaining more then 5%. For this week resistance comes at 5960-5980 and support 5780-5750. Mostly all technical indicators are in an overbought zone so one needs to be cautious at higher levels.

For the day, the level of 5865 and 5845 may act as a major support
for the market and the level of 5905 and 5920 may act as a major hurdle.

The short term trend will turn negative below the level of 5760.

Day trader can go long on nifty above 5905 with stop loss 5885 for
target 5920 / 5935 and can go short below 5860 with stop loss 5880
for target 5845 / 5825.

INDEX RANGE

NIFTY: 5884.95
Range: 5845-5920
Resistance: 5905-5920-5935
Support: 5865-5845-5825

BANK NIFTY: 12104.10
Range: 11930-12260
Resistance: 12150-12210-12260
Support: 12040-11980-11930

Short term: Up (5760)
Medium term: UP (5470)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 20th September 2010

•With the grace of Ganesha, Nifty will remain positive for 15 minutes after opening.
•From 9.15 to 12.20, Nifty's market breadth is likely to be between flat to negative.
•From 12.20 till the closing time, Nifty may go up step by step, and then take a downward trend, again step by step. But, overall, Nifty may show strength.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH