NIFTY DAILY OUTLOOK SEPT 27, 2010

On Friday, market opened flat and later attracted huge buying in all the indices. Buying continue thru out the day mostly in FMCG, Banking, Telecom and Realty. Market breadth was positive. Midcap & Smallcap index closed up 1% in green. For this week level to watch out on upside is 6065 and on downside 5945, close above or below will decide the next move in the market.

For the day, the level of 6005 and 5990 may act as a major support for the market and the level of 6035 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 6035 with stop loss 6020 for target 6050 / 6065 and can go short below 6005 with stop loss 6020 for target 5990 / 5975.

INDEX RANGE

NIFTY: 6018.30
Range: 5915-5995
Resistance: 6035-6050-6065
Support: 6005-5990-5975

BANK NIFTY: 12263.50
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 27th September 2010

•Intraday traders must square off their daily position only after referring to the daily predictions.
•All those who take position on weekly or monthly basis, must take an overall view of monthly chart and daily predictions.
•Long term investors, refer to the yearly graph and deal patiently.
•Too many cooks spoil the broth ?? a mixture of all the tips (technical, fundamental & astrological) will only make things difficult & you may incur losses, says Ganesha.
•No matter how good a dealer you are at the stock market, make sure you refer to your birth chart for the yogas in your main horoscope once & move ahead according to the planetary positions.
•Don't risk a huge amount of money to earn a meagre profit.
•All those born on the 1st, 10th, 19th & 28th should wear '1 mukhi rudraksh'
•Those who are born on the 2nd, 11th, 20th & 29th should wear '2 mukhi + gaurishankar rudraksh'.
•No matter at how many points Nifty opens, it does not seem very reliable, observes Ganesha. Be cautious till 11:50.
•From 11:50 to 15:30, Nifty may go up step-by-step & again come down step-by-step. But, overall it may show strength.
•At 13:50, 14:10 & 15:00, there will be a small correction

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK SEPT 24, 2010

On Thursday, profit booking continue in market and remain highly volatile thru out the day. FMCG attracted good buying during second half of the session. Banking, Realty and Oil & Gas was under selling pressure thru out the day. Market breadth was negative. Volume for the day was low. Midcap index closed marginally in red.

For the day, the level of 5940 and 5915 may act as a major support for the market and the level of 5970 and 5995 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 and profit booking may continue.

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

Day trader can go long on nifty above 5970 with stop loss 5945 for
target 5995 / 6025 and can go short below 5940 with stop loss 5965
for target 5915 / 5985.

INDEX RANGE

NIFTY: 5959.55
Range: 5915-5995
Resistance: 5970-5995-6025
Support: 5940-5915-5885

BANK NIFTY: 12146.30
Range: 11975-12310
Resistance: 12205-12250-12310
Support: 12085-12030-11975

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

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

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