Buy Nifty @ 5582 SL 5562 Tgt 5611, 5630.
Wednesday, June 29, 2011
Tuesday, June 28, 2011
Monday, June 27, 2011
Sunday, June 26, 2011
Mktviews Weekly Nifty Analysis (27/06/2011-01/07/2011)
Markets are poised crucially after Huge Shortcovering triggered a 300 Pts bounce from Last Week's Lows.
Markets may now take a breather & trade side-ways post a sharp steep upmove in last 2 days.
Fuel price hike may not have any major impact on markets as it has already been factored in.
As the rally in last 2 days was on back of heavy shortcovering, Nifty Fut could retrace upto 5365-5380 area once & if it holds, could bounce back upto 5550-5570 area.
Movements would be very choppy & volataile ahead of F&O expiry on 30th June (Thursday).
Yahoo Online Support : Marketview@ymail.com
Disclaimer :
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions
Markets may now take a breather & trade side-ways post a sharp steep upmove in last 2 days.
Fuel price hike may not have any major impact on markets as it has already been factored in.
As the rally in last 2 days was on back of heavy shortcovering, Nifty Fut could retrace upto 5365-5380 area once & if it holds, could bounce back upto 5550-5570 area.
Movements would be very choppy & volataile ahead of F&O expiry on 30th June (Thursday).
Going Forward,
Nifty Fut will face stiff resistance @ 5585-5605 levels crossing & sustaining abv which further Momentum would lead to 5715 & 5809.
But, If fails to cross & sustain abv 5605, Will be in a trading range 5335-5605.
Strong support lies @ 5339-5345.
If breaks & closes below 5335, it may touch 5190 & 5064.
Nifty Fut will face stiff resistance @ 5585-5605 levels crossing & sustaining abv which further Momentum would lead to 5715 & 5809.
But, If fails to cross & sustain abv 5605, Will be in a trading range 5335-5605.
Strong support lies @ 5339-5345.
If breaks & closes below 5335, it may touch 5190 & 5064.
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Also Join us on Twitter : http://twitter.com/mktviews.
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions
Friday, June 24, 2011
Thursday, June 23, 2011
Wednesday, June 22, 2011
Tuesday, June 21, 2011
Monday, June 20, 2011
Sunday, June 19, 2011
Mktviews Weekly Nifty Analysis (20/06/2011-24/06/2011)
Fears of Potential Greece default coupled with concerns over slowing US recovery & QE2 ending on 30th June triggered weakness in Global Markets.
Post RBI rate Hike, Selling Pressure intensified causing Indian Markets to extend its Losing Streak & close at a weekly Low.
Even Index Major Reliance has lost over 8% last week following CAG report accusing Oil Ministry for Favouring RIL by allowing it to double the development cost of its KG-D6 gas fields.
What has happened till now was Consolidation with a Negative Bias but below 5300 on Nifty would trigger Panic Selling. Use all Pullback rallies to Exit/Reduce Longs till 5500 is not breached on closing basis.
Post RBI rate Hike, Selling Pressure intensified causing Indian Markets to extend its Losing Streak & close at a weekly Low.
Even Index Major Reliance has lost over 8% last week following CAG report accusing Oil Ministry for Favouring RIL by allowing it to double the development cost of its KG-D6 gas fields.
What has happened till now was Consolidation with a Negative Bias but below 5300 on Nifty would trigger Panic Selling. Use all Pullback rallies to Exit/Reduce Longs till 5500 is not breached on closing basis.
Going Forward,
Nifty Fut will face stiff resistance @ 5484-5498 levels crossing & sustaining abv which further Momentum would lead to 5604 & 5734.
But, If fails to cross & sustain abv 5498, Will be in a trading range 5303-5498.
Strong support lies @ 5306-5315.
If breaks & closes below 5303, it may touch 5196 & 5076.
Nifty Fut will face stiff resistance @ 5484-5498 levels crossing & sustaining abv which further Momentum would lead to 5604 & 5734.
But, If fails to cross & sustain abv 5498, Will be in a trading range 5303-5498.
Strong support lies @ 5306-5315.
If breaks & closes below 5303, it may touch 5196 & 5076.
Friday, June 17, 2011
Mktviews Daily Market View 17/6/2011
Nifty has opened Flat with a Negative bias. Even Asian Counterparts are trading Flat to Negative. Could be a bit bearish in 1st Half but could find support around 5358-5372 from where small bounces may be expected post Europe opening which may be positive.
Nifty Fut would find support @ 5374 & 5341.
Upside Resistance could be capped @ 5419 & 5449.
Probable Trading Range 5341-5449
Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews
Nifty Fut would find support @ 5374 & 5341.
Upside Resistance could be capped @ 5419 & 5449.
Probable Trading Range 5341-5449
Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews
Thursday, June 16, 2011
Wednesday, June 15, 2011
Tuesday, June 14, 2011
Friday, June 10, 2011
Sunday, June 5, 2011
Mktviews Weekly Nifty Analysis (06/06/2011-10/06/2011)
Global Weakness on A/c of Eurozone problems & Bad US Economic Data dettered chances of any meaningful pullback in Nifty which could have resulted in a cross-over above 5600 levels.
Markets are still in a consolidation phase & possiblity of an extended pullback leading to cross-over above 5625 levels would hold good till Nifty trades above 5380.
Upcoming EGOM meeting on Thursday (w.r.t Diesel prices) & IIP data to be announced on Friday along with progress of Monsoonwould be key triggers in the Next Week.
Yahoo Online Support : Marketview@ymail.com
Markets are still in a consolidation phase & possiblity of an extended pullback leading to cross-over above 5625 levels would hold good till Nifty trades above 5380.
Upcoming EGOM meeting on Thursday (w.r.t Diesel prices) & IIP data to be announced on Friday along with progress of Monsoonwould be key triggers in the Next Week.
Going Forward,
Nifty Fut will face stiff resistance @ 5589-5609 levels crossing & sustaining abv which further Momentum would lead to 5719 & 5824.
But, If fails to cross & sustain abv 5609, Will be in a trading range 5380-5609.
Strong support lies @ 5381-5386.
If breaks & closes below 5380, it may touch 5261 & 5189.
Nifty Fut will face stiff resistance @ 5589-5609 levels crossing & sustaining abv which further Momentum would lead to 5719 & 5824.
But, If fails to cross & sustain abv 5609, Will be in a trading range 5380-5609.
Strong support lies @ 5381-5386.
If breaks & closes below 5380, it may touch 5261 & 5189.
Yahoo Online Support : Marketview@ymail.com
Yahoo Groups : http://in.groups.yahoo.com/group/mktviews
Search for Facebook Group "mktviews" & Join it.
Facebook : www.facebook.com/mktviewsFor Recieving the Nifty Levels on Cell Phone,
TYPE a SMS "JOIN mktviews" & Send it to 09219592195
TYPE a SMS "JOIN mktviews" & Send it to 09219592195
Also Join us on Twitter : http://twitter.com/mktviews.
Disclaimer :
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
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