NIFTY again comes in positive range.
It is well above 5K mark.
The annual returns on NIFTY and SENSEX have been brilliant.

NIFTY Technicals:

Nifty did it at last – recording a new 2009 high at 5,198. The weekly closing was also on a very strong note. But the 5,200-mark has evolved in to a very strong psychological resistance and traders ought to stay a trifle cautious as long as the index dilly-dallies below this mark. A strong break-out will give the targets of 5,329 for the index.

Short term support would be available at 5,100 and 5,024. Traders can buy in declines until the first support holds. Decline below 5,024 would mean that a more serious correction is in progress.

Failure on part of the index to move beyond 5,200 next week can result in a sideways move between 5,000 and 5,200 for a few more sessions.

NIFTY 1 year returns - Source: Hindu Business Line

Stocks to watch out for:

Rajesh Exports: This stock is in positive trend can easily cross 96 in short term (CMP – 88.90)

TCS: One of the best performing stock in the Indian markets in short term can cross 792. (CMP- 748)

NTPC: Sudden increase in the stock price can take the stock to the new highs. Targets of 250 in short to medium term. (CMP- 229)

Jayaswal Neco: Good volumes and bulk deals in the stock makes it a medium term buy with targets of 35 – 37. (CMP-30.90)

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Last week the markets were good.
A bit more gains can be expected from the Indian Stock Markets.
Our target for NIFTY is 4900.
I am bullish on Indian Economy but the market sentiments depend on the whole world.

Last week Oil India’s IPO was over subscribed 31 Times. Has the time changed ?

Short Term Ideas :

Apollo Tyres : Buy above 44 for targets of 48 – 50. SL of 42

RNRL : Buy above 88 for targets of 92 and 94. SL of 86

Rajesh Export : Buy above 63 for targets of 66 and 69. SL of 61

Happy Investing!

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NIFTY Showing some amount of strength.
The global cues are looking positive.

NIFTY Technicals :
NIFTY TRIN at 1.321
NIFTY Range – Between 4400 – 4850

Current Spot – 4636.5
Support – 4580 and 4505
Resistance – 4695 and 4790
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4750.

NIFTY Autogenerated technical analysis.

Last week we saw NIFTY Zooming up !
Companies are declaring good results.

Last week we saw NIFTY in bullish mode.
NIFTY gained over 10 % in a week
FII’s participation was moderate.
NIFTY TRIN at 0.372
NIFTY Range – Between 4410 and 4750

Current Spot – 4568
Support – 4450 and 4390
Resistance – 4695 and 4785
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Chart :

Check NIFTY Autogenerated Technicals.

After budgets we have witnessed a huge fall on the Indian Stock markets. The fundamentals didn’t support after budget.

Now every one have reduced the rating for the markets. Every one is predicting the markets to further fall down.

Last week NIFTY closed at 4003.9 just managed to sustain the 4K level.
NIFTY TRIN at 1.631
NIFTY Range – Between 3820 to 4185

Current Spot – 4003.9
Support – 3910 and 3805
Resistance – 4102 and 4221
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4100.

A bad week indeed for the Indian Stock markets characterized by high volatility and bad global sentiments.

Last week we saw NIFTY bearish mode.
Last week NIFTY closed at 4586 and this week at 4274.05 a negative movement.
FII’s participation was moderate.
NIFTY TRIN at 0.457
NIFTY Range – Between 4185 to 4421

Current Spot – 4274
Support – 4190 and 4105
Resistance – 4359 and 4480
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Targets on the upside for short term – 4620 and 4670

Chart :

NIFTY Auto generated technicals.

Last week we saw volatility in the Indian stock markets. NIFTY was highly volatile.

The trend signifies NIFTY is in uptrend.
The market sentiments are positive.
Turnover have increased drastically. FII’s have started buying, one positive factor which will pull up the markets in short term.

Last week NIFTY closed at 4586 and this week at 4583.4 a flat ending.
NIFTY TRIN at 1.52
NIFTY Range – Between 4420 to 4685

Current Spot – 4583.4
Support – 4495 and 4392
Resistance – 4660 and 4705
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

NIFTY Short term target : 4650 and 4740.

The next U turn in the markets can be seen after the forthcoming budget.

NIFTY Auto generated Technical analysis.

We saw a U turn in todays markets. Markets opened negative and entered in positive zone. Stared red ended green.
Traders got good returns today.

NIFTY Looks over brought.
NIFTY Trin at 0.634

NIFTYlogy :
Current spot – 4572.65
Support – 4489.9 and 4407.3
Resistance – 4618.65 and 4664.8

Buzzing Stocks : RNRL, Cairn India, LNT, Reliance Industry, RPower and will update more tomorrow morning.

Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.
Profit booking was seen at higher levels.
Most of the Asian markets ended negative.
Markets are looking heavily overbought.

NIFTY Trin – 1.694
Nature – Overbought

NIFTY Levels for 3rd June :
Spot – 4525.25
Support -4455.5 and 4385.85
Resistance – 4590.55 and 4656

Stocks looking strong for short term : HCC , LNT, RNRL, Cairn India and Hotel Leela.

Get daily NIFTY Auto generated technical analysis.

The day started off with a gap up opening and ended with some moderate gains.
FII ended as net buyers.
Asian markets were trading higher and ended higher.
Mid caps were trading higher.

NIFTY magic levels :
NIFTY Spot – 4529.9
Support – 4471.10 and 4413.55
Resistance – 4566.7 and 4603.25

NIFTY Auto generated technical analysis.