Friday, April 1, 2011
NIFTY FO CLOSED @ 5868 AS ON 31.03.2011
NIFTY FO has resistance @ 5888 to 5897 above which other resistance levels are @ 5903 to 5917. In down side support levels are @ 5830 to 5817 levels; below which other support levels are @ 5808 to 5790 levels in MARCH-2011. I am positive for next week above 5917 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only. and its still a better strategy in the given scenario. One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Thursday, March 31, 2011
NIFTY FO CLOSED @ 5813 AS ON 30.03.2011
NIFTY FO has resistance @ 5837 � 5858 above which other resistance levels are @ 5873 to 5880. In down side support levels are @ 5793 - 5787 levels; below which other support levels are @ 5761 - 5757 levels in MARCH - 2011. I am positive for next week above 5880 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Wednesday, March 30, 2011
NIFTY FO CLOSED @ 5754 AS ON 29.03.2011
NIFTY FO has resistance @ 5773 to 5788; above which other resistance levels are @ 5797 to 5808. In down side support levels are @ 5733 - 5719 levels; below which other support levels are @ 5703 to 5690 levels in MARCH - 2011. I am positive for next week above 5808 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Tuesday, March 29, 2011
ATLANTA.... OUR last week call given at 91.40 now trading strong
ATLANTA at 96.30
hold for 104 and 110 plus
hold for next 4 days
hold for 104 and 110 plus
hold for next 4 days
Market Commentary ..
Five days of positive action on the bourses has seen the Nifty cross the 200-DMA in intraday trade though it ended just shy of it. The Nifty could finish above the critical technical level today but any upside won’t be without hiccups. Global cues are mixed. The start is likely to be a subdued one on account of the overnight fall in the US market and weakness in the Asian benchmarks.
The encouraging part is that FII inflows – a major catalyst for Indian markets – have picked up in the past few days. Yet, beware of volatility ahead of the year-end tax adjustments and F&O expiry. On the whole, the undertone for the Indian market is likely to remain upbeat as long as the Nifty sustains above 5600. The next big obstacle is seen around 5750.
Banks and IT titans could pace the rally from here on. Keep an eye on Reliance. Telecom shares might be back in the spotlight as the CBI gets ready to file chargesheet in the 2G scam on March 31.
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