FIVE POSITIONAL SELL TRADING CALLS

• POSITIONAL SELL NIFTY (SPOT LEVELS)
BELOW 6120 (CLOSING REQUIRED)
STOPLOSS 6225 TARGET 5990-5970 / 5925-5985

• POSITIONAL SELL JSWSTEEL (CASH LEVELS)
1390-1370 STOPLOSS 1405 TARGET 1325 / 1310

• POSITIONAL SELL M&M (CASH LEVELS)
BELOW 730 (CLOSING REQUIRED)
STOPLOSS 760 TARGET 685 / 665

• POSITIONAL SELL PNB (CASH LEVELS)
BELOW 1295 (CLOSING REQUIRED)
STOPLOSS 1335 TARGET 1230 / 1160

• POSITIONAL SELL SBIN (CASH LEVELS)
BELOW 3210 (CLOSING REQUIRED)
STOPLOSS 3250 TARGET 3100-3080

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 7, 2010

On Wednesday, market opened gap-up and was under selling pressure. Market remains highly volatile thru out the day and during last hour of trading session market recovered from the lows. Oil & Gas, Metal and Auto remain positive whereas FMCG & Banking remain under profit booking. Volume for the day was low. Market breadth was positive. Midcap and Smallcaps index closed in green.

For the day, the level of 6170 and 6045 may act as a major support for the market and the level of 6205 and 6230 may act as a major hurdle.

The short term trend will turn negative below the level of 5945.

Day trader can go long on nifty above 6205 with stop loss 6185 for target 6230 / 6245 and can go short below 6170 with stop loss 6190 for target 6045 / 6030

Positional trader can go short on nifty below 6120 (closing required) with stop loss 6225 (closing basis) for target 5990-5970 & 5925-5885

INDEX RANGE

NIFTY: 6186.45
Range: 6045-6230
Resistance: 6205-6230-6245
Support: 6170-6045-6030

BANK NIFTY: 12629.20

Range: 12460-12790
Resistance: 12690-12745-12790
Support: 12570-12510-12460

Short term: Up (5945)

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

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 7th October 2010

•Few days in October are positive, while few of them are negative, thus do not rely on it.
•Volatile dates : 8, 13, 14, 15, 18, 20, 26, 28, 29.
•Sun, Moon, Saturn & Mercury  will be in Virgo on 7th & 8th October. This is a major event & its impact is likely to affect you personally.
•At about 9:55, Ganesha advises you to keep an upper limit while dealing and to take one exit.
•From 9:55 to 11:05, the market may seem direction-less.
•From 11:05 to 13:15, after changing the patterns frequently, Nifty will make you do jobbing, eventually giving good returns.
•13:15 is today's psychology time, states Ganesha.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

Punter's Pick :: Crest Animation is a buy 102-105 with sl 100 and tgt 115/120 ::

NIFTY DAILY OUTLOOK OCT 6, 2010

On Tuesday, market opened flat and remains highly volatile thru the day. Last hour of selling in banking and metals made market closed in red. Volume for the day was quite low. Market breadth was positive. Midcap and Smallcaps index closed in green.

For the day, the level of 6120 and 6090 may act as a major support for the market and the level of 6175 and 6205 may act as a major hurdle.

The short term trend will turn negative below the level of 5945.

Day trader can go long on nifty above 6175 with stop loss 6150 for target 6205 / 6230 and can go short below 6120 with stop loss 6150 for target 6090 / 6065

Positional trader can go short on nifty below 6120 (closing required) with stop loss 6225 (closing basis) for target 5990-5970 & 5925-5885

INDEX RANGE

NIFTY: 6145.80
Range: 6090-6205
Resistance: 6175-6205-6230
Support: 6120-6090-6065

BANK NIFTY: 12596.50
Range: 12385-12780
Resistance: 12665-12720-12780
Support: 12500-12445-12385

Short term: Up (5945)
Medium term: UP (5760)
Long term: Up (5180)

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 5, 2010

On Monday, market opened positive with good gains but could not sustain at higher level due to profit booking thru out the day and closed flat. Market breadth was negative. Midcap and Smallcaps index closed in green.

For the day, the level of 6145 and 6130 may act as a major support for the market and the level of 6175 and 6190 may act as a major hurdle. Mostly all technical indicators are in an overbought zone with some showing negative divergence so one needs to remain cautious.

The short term trend will turn negative below the level of 5945.

Day trader can go long on nifty above 6175 with stop loss 6160 for target 6190 / 6215 and can go short below 6145 with stop loss 6160 for target 6130 / 6105

Positional trader can go short on nifty below 6120 (closing required) with stop loss 6225 (closing basis) for target 5990-5970 and 5925-5885

INDEX RANGE

NIFTY: 6159.45

Range: 6130-6190
Resistance: 6175-6190-6215
Support: 6145-6130-6105

BANK NIFTY: 12651.30

Range: 12495-12825
Resistance: 12715-12770-12825
Support: 12605-12540-12495

Short term: Up (5945)

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

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

POSITIONAL SHORT NIFTY SPOT BELOW 6120 (CLOSING REQUIRED) STOPLOSS 6225 (CLOSING BASIS) TARGET-1 5990-5970 TARGET-2 5925-5885

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 5th October 2010

•Sun, Moon, Saturn & Mercury  will be in Virgo on 7th & 8th October. This is a major event & its impact is likely to affect you personally.
•Few days in October are positive, while few of them are negative, thus do not rely on it.
•In the past, when the monthly weight-age was zero, Nifty was: Jan 2008 = -1000, Oct 2008 = -1398, Oct 2009 = -362 & Feb 2010 = only 2. This is just for your reference. You are free to take your decisions without being biased or playing the blame game.
•Volatile dates : 8, 13, 14, 15, 18, 20, 26, 28, 29.
•Today onwards, we shall provide you 'Ganesha time' at which the market will be steady, and is likely to change the psychological pattern. Kindly give your feedback for the same.
•Let the first 15 minutes pass, as the time is confusing. Wait for the perfect time to make the right judgement.
•From 9:15 to 11:20, Nifty will hover around the surface, marginally.
•From 11:20 to 13:20, Nifty may earn profits as there may be a buying trend in the shares of 'A' Group.
•13:20 will be today's psychology time.
•From 13:20 to 15:30,  Nifty may go up with high volatility but  undertone is  mandi  Be cautious

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

DOW "Party with the Bears" is JUST BEGINNING! "OCT 2010"

YOUR "Party with the Bears" is JUST BEGINNING!

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My, what a cute Little Teddy Bear!

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MORE ON http://cycles.cc/

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK OCT 4, 2010

On Friday, market opened up with a gap and buying continues in all the indices thru out the day. Metals and Auto outperformed. Market breadth was positive. Midcap and Smallcaps index closed in green. As said on last Monday level to watch out on upside 6065 on breaching the same will try for 6150-6200 and on down side 5945, market could break 5945 and bounced back sharply from 5960 levels. Now level 5945 will act as an important support for the market and close below the same will weaken the market.

For the day, the level of 6115 and 6090 may act as a major support for the market and the level of 6165 and 6190 may act as a major hurdle. Mostly all technical indicators are in an overbought zone with some showing negative divergence so one needs to remain cautious.

The short term trend will turn negative below the level of 5945.

No Trading call for the day.

INDEX RANGE

NIFTY: 6143.40
Range: 6090-6190
Resistance: 6165-6190-6205
Support: 6115-6090-6075

BANK NIFTY: 12556.80
Range: 12365-12735
Resistance: 12620-12670-12735
Support: 12480-12430-12365

Short term: Up (5945)
Medium term: UP (5630)
Long term: Up (5180)
All Above Spot Levels

OM SHRI GANESHAYA NAMAH