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Last week we saw a strong opening and also we ended strong. New and new buyers for Satyam..NIFTY close at 2874.8. Has more advances against decline. I am neutral for next week.NIFTY TRIN at 0.286Over all Nifty bullish for next couple of days.5 day EMA at 2821.3 Pivot – 2843Support – 2805 and 2736Resistance – [...]
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Satyam saga is still on.But a buyer for Satyam. LNT buys 12% stake in Satyam. And the stock is up at 38 levels up almost 40%. Lets see what magic iGate solutions can do ?Its pure gambling. Expect markets to be volatile next week also.Support for NIFTY is at 2560 and resistance at 2890If NIFTY [...]
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Markets were volatile last week but rebounded again. Satyam saga still continuous as Raju wants a bail. Markets cherished on Friday on account of global cues. Now Inflation is at 11 months low at 5.24%. Nifty is now in slaggy mode. Expect a range bounded movement from here. NIFTY has a support at 2790 and 2710 [...]
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Last week we broke the trend due to Satyam’s saga. Last week markets gave up much of its gain. I think markets will give up some more gain. NIFTY channels are now breaking channels are breaking in each time cycle. Levels to watch out in this week would be 2745 and 2650 as supports and [...]
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Markets give up gains post Christmas. US is closed for next few days. Asian markets may cherish this week. I see markets may remain in upward trend this week. The supports on the way down are at 2950 and resistances on the way up are at 3113-3168. Above 3115 we can see 3200 and 3270. [...]
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Technical analyst, Vishwas Agarwal, while commenting on the market said, “From Monday or Tuesday onwards, market will start recovering for second and last round of current upmove. As this market will make next stop before January 14 and from there onwards, corporate results will start which are expected to be weak.“ “We have only around [...]
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This article is written by Dhawal Joshi. Daily chart has given trend line breakout which suggest me Bull steam in the market is still their. I am in the opinion of that we may see 3240 (high of 5 – November – 2008) in near future why because if you have noticed we have seen [...]
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Last week I said I see markets headed towards 3050 and markets end at 3077. NIFTY is yet a bit bullish and I expect markets to touch 3100 in this week. If it crosses 3115 then we see NIFTY headed towards 3220 and 3260. Monday expect a positive to flat opening. Simple moving averages – [...]
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Markets went up on account of good global cues. I see markets headed toward 3050 before giving up all its gain. Nifty looking a bit bullish. If NIFTY crosses 3050 next targets would be 3125 and 3250. Monday we could see flat opening. But over all we are bullish. Simple Moving Averages – 5 D [...]
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Markets lost 1.5% in last week. Didnt meet our predicted targets . We may see more pain in comming week. Crude is touched levels of 40$ if this level is broken we will see crude at 30$ a barrel. I see markets rangebounded in 2550 and 2720 range. A bullishness is expected only above 2945 [...]
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