NIFTY DAILY OUTLOOK DEC 23, 2010

On Wednesday, market opened up with a small gap and traded higher in the narrow range however during second half market attract huge selling from the higher levels but manage to recover the most of the day loss near the closing session and close down in red. Metals and FMGC outperformed whereas Oil & Gas and Capital Goods under performed. Overall it was the highly volatile trading session. Volume for the day was lower then previous trading session. Market breadth was positive 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 5995 and 6025 may act as a major hurdle.

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: 5984.40
Range: 5940-6025
Resistance: 5995-6025-6055
Support: 5965-5940-5910

Bank Nifty: 11467.70
Range: 11300-11635
Resistance: 11525-11580-11635
Support: 11415-11360-11300

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:  2375.65-2443.22= -67.57
DII:  1252.32-1153.39= +98.93

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 23rd December 2010

•From today, Sun and Rahu have come into the same degree and same navmansh, which doesn't seem pleasing to Ganesha.

•Moon is in the Punarvasu Nakshatra of the sign Cancer, today.

•NIFTY may remain up for the period between 9:15 to 11:30 

•12:10 to 13:50, initially buying will be in up. During the last thirty minutes, you may observe some selling pressure. 

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

INTRADAY CASH BUY TATASTEEL CMP 675 - 675.50 STOPLOSS 670 TARGET 683 / 686 / 690

NIFTY DAILY OUTLOOK DEC 22, 2010

On Tuesday, market opened positive and moved higher thru out the day with good buying in almost all the indices however during final hour of session market became slightly volatile and closed up in green. Metals and bank outperformed whereas IT under performed. Volume for the day was higher then previous trading session. Market breadth was positive. 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 6055 may act as a major hurdle.

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 6055 / 6080 and can go short below 5965 with stop loss 5995 for target 5940 / 5910.

Index Range

Nifty: 6000.65
Range: 5940-6055
Resistance: 6025-6055-6080
Support: 5965-5940-5910

Bank Nifty: 11537.30
Range: 11360-11745
Resistance: 11630-11690-11745
Support: 11465-11410-11360

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:  2850.75-2885.54= -34.79
DII:  1631.12-1257.45= +373.67

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 22nd December 2010

•Moon is in the Aardra Nakshatra of the sign Gemini, today.

•Market will be up from the period between 9:15 to 10:20

•From 13:25 till the end of the trading day, like an earthquake, there will be some after shocks in the market, confusing you about the direction in which to go to. Do not trade, unless you have the skill to sail through.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK DEC 21, 2010

On Monday, market opened negative but latter attracted good buying in mostly all the indices and traded higher however during final hour of trading session market lost most of the gain and closed down flat. Auto and IT outperformed whereas Banks and Realty under performed. Overall it was a highly volatile trading session. Volume for the day was slightly lower then previous trading session. Market breadth was positive. Midcap index closed down in red whereas Small caps index closed up in green.

For the day, the level of 5915 and 5890 may act as a major support for the market and the level of 5970 and 6000 may act as a major hurdle. Market may attract good buying.

Short term trend will turn positive above the level of 5970.

"Spot Levels" Day trader can go long on nifty above 5970 with stop loss 5940 for target 6000 / 6030 and can go short below 5915 with stop loss 5945 for target 5890 / 5860.

Index Range

Nifty: 5947.05
Range: 5890-6000
Resistance: 5970-6000-6030
Support: 5915-5890-5860

Bank Nifty: 11267.10
Range: 11085-11415
Resistance: 11305-11385-11415
Support: 11195-11140-11085

Short term: Down (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:  2973.75-3083.28= -109.53
DII:  1161.90-1022.45= +139.45

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

NIFTY WEEKLY & DAILY OUTLOOK DEC 20, 2010

Last week we had given range for the market of 5845-5970, market traded within the range and close near the higher end of the range. For this week also range is likely to be between 5845-5970. Look for buying only if market remains above the level of 5970 with stop loss of 5890 on closing basis on nifty spot, further buying can be done in market above the level of 6065 for target 6170 / 6280 / 6390 and look for selling only if market remains below the level of 5845 with stop loss of 5930 on closing basis on nifty spot, further selling can be done in market below the level of 5735 for target 5625 / 5515 / 5410

For the day, the level of 5915 and 5890 may act as a major support for the market and the level of 5970 and 6000 may act as a major hurdle. Market may attract good buying.

Short term trend will turn positive above the level of 5970.

"Spot Levels" Day trader can go long on nifty above 5970 with stop loss 5940 for target 6000 / 6030 and can go short below 5915 with stop loss 5945 for target 5890 / 5860.

Index Range

Nifty: 5948.75
Range: 5890-6000
Resistance: 5970-6000-6030
Support: 5915-5890-5860

Bank Nifty: 11424.20
Range: 11155-11705
Resistance: 11485-11595-11705
Support: 11370-11265-11155

Short term: Down (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:  3083.85-3400.64= -316.79
DII:  1518.41-1422.38= +96.03

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 16th December 2010

•December's highly volatile, widely fluctuating dates are: 7 (-19), 8 (-72), 16, 17, 21, 22, 23, 24
•During this week, the trading is likely to be only for four days, so make a note of it.
•As per last Thursday's prediction, you must have noted that because of Mars-Rahu, Nifty was highly volatile and unpredictable.
•Today, Moon is in the Revati Nakshatra
•Coming week is not good for personal horoscope. Those with the sign Sagittarius, may see a gathering of all the fire elements viz. Sun, Rahu, Mars and Mercury in their zodiac sign. And this combination is not at all favourable for the nation's kundali. Ganesha warns you of mishaps.•It's the best day for jobbers, arbitragers, speculation and playing a blind game.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

NIFTY DAILY OUTLOOK DEC 15, 2010

On Tuesday, market opened higher and traded in the narrow range during first hour of the trading session however latter market attract good buying in almost all the indices and closed up in green with good gains. Metals and Consumer Durable outperformed whereas Auto and FMCG under performed. Overall it was the volatile trading session. Volume for the day was slightly lower then previous trading session. Market breadth was positive. Midcap index closed up 1.5% and Small caps index closed up 1.6%.

For the day, the level of 5915 and 5890 may act as a major support for the market and the level of 5970 and 6000 may act as a major hurdle. Market may remain highly volatile.

Short term trend will turn positive above the level of 5970.

"Spot Levels" Day trader can go long on nifty above 5970 with stop loss 5940 for target 6000 / 6030 and can go short below 5915 with stop loss 5945 for target 5890 / 5860.

Index Range

Nifty: 5944.10
Range: 5890-6000
Resistance: 5970-6000-6030
Support: 5915-5890-5860

Bank Nifty: 11560.50
Range: 11400-11735
Resistance: 11625-11680-11735
Support: 114515-11460-111400

Short term: Down (5970)
Medium term: Down (6070)
Long term: Up (5350)

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

Cat: Buy Val - Sell Val=   Net Val
FII:  2512.96-2479.43= +33.53
DII:  1072.90-723.73=  +349.17

All Above Spot Levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty 15th December 2010

•December's highly volatile, widely fluctuating dates are: 7 (-19), 8 (-72), 16, 17, 21, 22, 23, 24
•During this week, the trading is likely to be only for four days, so make a note of it.
•Last Wednesday Ganesha had predicted that you may earn a small amount after a lot of intraday. You must have practically experienced this.
•Today, the Moon is in the same Nakshatra and zodiac sign, but debilitated in the Navmansh Kundali. This may result in the loss of power.
•Today's and tomorrow's closing time is not at all reliable, warns Ganesha. Follow His advise or you may have to regret your decision.
•From 11:05 to 11:40, and from 15:10 to 15:30, there are chances that the market makes a similar pattern.

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH