Commodities:
Recommendation: - Sell gold at $940.00 with targets at $930/920 and stop loss at$ 955.00.
Recommendation: Sell silver at $13.27 with targets at$13.10 /13.00 and stop loss at $13.50
Recommendation: Sell Crude oil at $61.65 with targets at$61.50 /61.30 and stop loss at $ 62.00
Stocks:
Buy Essar Shipping in morning & wait for upper filter
Buy NMDC 8-10% upmove is expected
TATA COMMUNICATIONS BUY ABOVE 473 SL 463 TGT 478/483/492
UNITED SPIRITS FUTURE BUY ABOVE 882 SL 868 TGT 887/897/909.
Thursday, July 16, 2009
Nifty Update 16-07-2009
· Nifty Closed @ 4233, near to its immediate & important resistance of 4280. Now next resistance for the nifty will be 4280 than 4340.
· Technical indicators are showing further weakness on daily charts.
· Now, below 4180 Nifty can drop till 4120/4050 /3960/3910/3860 & only above 4150 it can move till 4280/4340 /4380/4440.
Nifty (Spot) closed above its Pivot of 4200. Nifty closed at 4233. In short term we advise one should be cautious. RSI & MACD indicating further bearishness in short term. Because of positive global cues market start on positive note. Bulls maintained nifty to close above 4200 mark. Finally it was a great victory of Bulls. We are expecting that the bulls will try to extend their presence in next session, but near to 4280-4340 bears will try to hold their presence in market. Last candle on the daily charts is MOROBOZU indicating some bullishness in next session. Nifty should take support of 4180/4120/4050/3960/3910/3860/3820 in near term & resistance of 4280/4340/4385.
We advice Bears should hold short position in Nifty (Spot Levels) near or above 4280-4320 with strict stop loss of 4350. Bulls or high risk trader can create long position in Nifty (Spot Levels) near or above 4200 levels with strict stop loss of 4170 (Bears can try short again & again on recommended price with strict SL).
Stock of the day: Essar Shipping, United Spirit & NMDC
· Technical indicators are showing further weakness on daily charts.
· Now, below 4180 Nifty can drop till 4120/4050 /3960/3910/3860 & only above 4150 it can move till 4280/4340 /4380/4440.
Nifty (Spot) closed above its Pivot of 4200. Nifty closed at 4233. In short term we advise one should be cautious. RSI & MACD indicating further bearishness in short term. Because of positive global cues market start on positive note. Bulls maintained nifty to close above 4200 mark. Finally it was a great victory of Bulls. We are expecting that the bulls will try to extend their presence in next session, but near to 4280-4340 bears will try to hold their presence in market. Last candle on the daily charts is MOROBOZU indicating some bullishness in next session. Nifty should take support of 4180/4120/4050/3960/3910/3860/3820 in near term & resistance of 4280/4340/4385.
We advice Bears should hold short position in Nifty (Spot Levels) near or above 4280-4320 with strict stop loss of 4350. Bulls or high risk trader can create long position in Nifty (Spot Levels) near or above 4200 levels with strict stop loss of 4170 (Bears can try short again & again on recommended price with strict SL).
Stock of the day: Essar Shipping, United Spirit & NMDC
Wednesday, July 15, 2009
Commodity Calls for 15-07-2009
Recommendation: - Sell gold at $925.00 with targets at $910/900 and stop loss at$ 945.00.
Recommendation: Sell silver at $12.99 with targets at$12.80 /12.60 and stop loss at $13.25
Recommendation: Sell Crude oil at $60.50 with targets at$60.00 /59.80 and stop loss at $ 61.00
Recommendation: Sell silver at $12.99 with targets at$12.80 /12.60 and stop loss at $13.25
Recommendation: Sell Crude oil at $60.50 with targets at$60.00 /59.80 and stop loss at $ 61.00
Nifty Update 15-07-2009
· Nifty Closed @ 4111, near to its immediate & important resistance of 4150. Now next resistance for the nifty will be 4150 than 4280/4340.
· Technical indicators are showing further weakness on daily charts.
· Now, below 4050 Nifty can drop till 3960/3910/3860 /3820 & only above 4150 it can move till 4280/4340 /4380/4440.
Nifty (Spot) closed above its Pivot of 4071. Nifty closed at 4111. In short term we advise one should be cautious. RSI & MACD indicating further bearishness in short term. Because of positive global cues market start on positive note. Bulls maintained nifty to close above 4100 mark. Finally it was a victory of Bulls. We are expecting that the bulls will try to extend their presence in next session, but near to 4180-90 bears will try to hold their presence in market. Last candle on the daily charts is MOROBOZU indicating some bullishness in next session. Nifty should take support of 4050/3960/3910/3860/3820 in near term & resistance of 4150/4280/4340/4385.
We advice Bears should hold short position in Nifty (Spot Levels) near or below 4180-90 with strict stop loss of 4230. Bulls or high risk trader can create long position in Nifty (Spot Levels) near or above 4100 levels with strict stop loss of 4075 (Bears can try short again & again with strict SL).
Stock for the day:
DLF & STER
· Technical indicators are showing further weakness on daily charts.
· Now, below 4050 Nifty can drop till 3960/3910/3860 /3820 & only above 4150 it can move till 4280/4340 /4380/4440.
Nifty (Spot) closed above its Pivot of 4071. Nifty closed at 4111. In short term we advise one should be cautious. RSI & MACD indicating further bearishness in short term. Because of positive global cues market start on positive note. Bulls maintained nifty to close above 4100 mark. Finally it was a victory of Bulls. We are expecting that the bulls will try to extend their presence in next session, but near to 4180-90 bears will try to hold their presence in market. Last candle on the daily charts is MOROBOZU indicating some bullishness in next session. Nifty should take support of 4050/3960/3910/3860/3820 in near term & resistance of 4150/4280/4340/4385.
We advice Bears should hold short position in Nifty (Spot Levels) near or below 4180-90 with strict stop loss of 4230. Bulls or high risk trader can create long position in Nifty (Spot Levels) near or above 4100 levels with strict stop loss of 4075 (Bears can try short again & again with strict SL).
Stock for the day:
DLF & STER
Tuesday, July 14, 2009
Commodity Calls for 14-07-2009
Recommendation: - Sell gold at $920.00 with targets at $910/900 and stop loss at$ 945.00.
Recommendation: - Sell silver at $12.90 with targets at $ 12.70 /12.60 and stop loss at $13.20
Recommendation: - Sell Crude oil at $60.50 with targets at$ 59.80 /59.50 and stop loss at $ 61.00
Recommendation: - Sell silver at $12.90 with targets at $ 12.70 /12.60 and stop loss at $13.20
Recommendation: - Sell Crude oil at $60.50 with targets at$ 59.80 /59.50 and stop loss at $ 61.00
Nifty Update 14-July-2009
· Nifty Closed @ 3974, above its immediate & important support of 3960. Now next resistance for the nifty will be 4150 than 4280/4340.
· Technical indicators are showing further weakness on daily charts.
· Now, Nifty can drop till 3940/3860/3820 & only above 4150 it can move till 4280/4340/4380 /4440.
Nifty (Spot) closed marginally above its Pivot of 3965. Nifty closed at 3974. In short term we advise one should be cautious. RSI & MACD indicating further bearishness in short term. Because of negative global cues market start on negative note. Bears again maintained nifty to close below 4100 mark. Finally it was a mixed victory of Bulls & Bears. We are expecting that the bulls will try to extend their presence in next session. Last candle on the daily charts is Hammer indicating some bullishness in next session. Nifty should take support of 3960/3940/3860/3820 in near term & resistance of 4012/4050/4150/4280/4340/4385.
We advice Bears should hold short position in Nifty (Spot Levels) with strict stop loss of 4050. Bulls or high risk trader can create long position in Nifty (Spot Levels) near or above 3960 levels with strict stop loss of 3910 (bulls can try long again & again with strict SL).
Stock For Today:
Technical Call
Scrip STER
Price 583
Recommendation Buy
Stop Loss 575
Target 596/609/630
· Technical indicators are showing further weakness on daily charts.
· Now, Nifty can drop till 3940/3860/3820 & only above 4150 it can move till 4280/4340/4380 /4440.
Nifty (Spot) closed marginally above its Pivot of 3965. Nifty closed at 3974. In short term we advise one should be cautious. RSI & MACD indicating further bearishness in short term. Because of negative global cues market start on negative note. Bears again maintained nifty to close below 4100 mark. Finally it was a mixed victory of Bulls & Bears. We are expecting that the bulls will try to extend their presence in next session. Last candle on the daily charts is Hammer indicating some bullishness in next session. Nifty should take support of 3960/3940/3860/3820 in near term & resistance of 4012/4050/4150/4280/4340/4385.
We advice Bears should hold short position in Nifty (Spot Levels) with strict stop loss of 4050. Bulls or high risk trader can create long position in Nifty (Spot Levels) near or above 3960 levels with strict stop loss of 3910 (bulls can try long again & again with strict SL).
Stock For Today:
Technical Call
Scrip STER
Price 583
Recommendation Buy
Stop Loss 575
Target 596/609/630
Monday, July 13, 2009
Nifty This Week
Nifty Weekly Update:
Nifty (Spot) closed below its weekly Pivot of 4153. Nifty closed at 4003. Weekly closing shows there was complete bearishness on weekly basis, in which only bears participated actively and through out the week they dominated bulls. There was no room for investors to come in the market frame. Finally bears win the game, with very decent margin & maintain nifty to close near to 4000 & sensex to close below mental level of 14000. In short term we advise one should be cautious. MACD confirms further bearishness, while RSI near to neutral zone.
On the chart 3960/3880/3820/3650/3620 & 3325 emerged as a support at lower end on closing basis. Nifty closed above 4000 apart from this we expect that the nifty should test 3820 levels in short term. We predict up trend for the market but now we are in consolidation phase nifty is trying to fulfil it’s gap which Nifty made after the election results. Trader should create long position with strict stop loss of 3820 (On Closing Basis) levels & short position below 4000 (Closing). In down side 3741 will be the ground support for the nifty (spot) to break immediate up trend, after breaking these levels nifty can test 3620/3490/3410/3280 levels in down side. 4160 & 4280 will be the key resistance level for Nifty (Spot), if Nifty breaks & maintains to close above that level for at least 2 continuous days than we can see rally till 4400.
Nifty (Spot) closed below its weekly Pivot of 4153. Nifty closed at 4003. Weekly closing shows there was complete bearishness on weekly basis, in which only bears participated actively and through out the week they dominated bulls. There was no room for investors to come in the market frame. Finally bears win the game, with very decent margin & maintain nifty to close near to 4000 & sensex to close below mental level of 14000. In short term we advise one should be cautious. MACD confirms further bearishness, while RSI near to neutral zone.
On the chart 3960/3880/3820/3650/3620 & 3325 emerged as a support at lower end on closing basis. Nifty closed above 4000 apart from this we expect that the nifty should test 3820 levels in short term. We predict up trend for the market but now we are in consolidation phase nifty is trying to fulfil it’s gap which Nifty made after the election results. Trader should create long position with strict stop loss of 3820 (On Closing Basis) levels & short position below 4000 (Closing). In down side 3741 will be the ground support for the nifty (spot) to break immediate up trend, after breaking these levels nifty can test 3620/3490/3410/3280 levels in down side. 4160 & 4280 will be the key resistance level for Nifty (Spot), if Nifty breaks & maintains to close above that level for at least 2 continuous days than we can see rally till 4400.
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