NIFTY DAILY OUTLOOK OCT 11, 2010

On Friday, market opened positive but with selling across all the indices market remain under selling pressure and volatile thru out the day. Near last half-hour of closing session sharp pull back came in from the day lows which helped market to recover. Volume for the day was quite low. Market breadth was negative. Midcap and Smallcaps index closed in red.

For the day, the level of 6070 and 6045 may act as a major support for the market and the level of 6130 and 6155 may act as a major hurdle. Mostly all technical indicators are in an overbought zone with negative divergence and macd on sell signal so one needs to remain cautious at higher levels.

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

Positional trader can hold nifty short position with stop loss 6225 closing basis for target 5990-5970 & 5925-5885.

No trading call for the day.

INDEX RANGE

NIFTY: 6103.45

Range: 6045-6155
Resistance: 6130-6155-6180
Support: 6070-6045-6020

BANK NIFTY: 12473.40
Range: 12310-12620
Resistance: 12510-12565-12620
Support: 12420-12365-12310

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

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

INTRADAY SHORT NIFTY FUT CMP 6158 STOPLOSS DAY HIGH 6170 TARGET LATER

NIFTY DAILY OUTLOOK OCT 8, 2010

On Thursday, market opened flat and remains volatile, during second half of trading session selling came in all the indices which led the market fall sharply from the day high and closed in red. Realty, IT, Metal was under selling pressure whereas Banking and Capital Goods remain under profit booking. Volume for the day was higher then last two trading sessions. Market breadth was negative. Midcap and Smallcaps index closed in red.

For the day, the level of 6090 and 6065 may act as a major support for the market and the level of 6150 and 6175 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 6150 with stop loss 6120 for target 6175 / 6205 and can go short below 6090 with stop loss 6120 for target 6065 / 6035

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: 6120.30
Range: 6065-6175
Resistance: 6150-6175-6205
Support: 6090-6065-6035

BANK NIFTY: 12536.60
Range: 12340-12720
Resistance: 12610-12670-12720
Support: 12450-12390-12340

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

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 8th 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.
•10:20 can be called today's psychology time.
•From 11.05 till the end of the day, there may be a buying trend at Nifty, but be ready for frequent, small corrections. There is no chance that the market will remain up, perpetually.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

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