Mktviews Daily Market View (31/01/2012)

Expect Markets to open on a positive Note. 

Small Pullback upto 5198/5218 can be expected if critical resistance zone 5156-5168 is crossed. 

If does not cross 5168, then 5076/5050 could be retested. 

Key Nifty Futures Levels :

Supports : 5106 & 5056.

Resistances : 5168 & 5194.

Probable Trading Range : 5056 – 5194.

Mktviews Weekly Nifty Analysis (30/01/2012 - 03/02/2012)

Markets are poised crucially after staging a fantastic upmove from 4800 to 5200+ levels in a fortnight backed by stable global cues, strengthening of Rupee from sub 54 till 49.4 levels vs Dollar & heavy short-covering post 50 basis point cut in CRR by RBI. 

CRR cut of 50 bps by RBI from 6% to 5.5% in its 3rd Quarter review of monetary policy 2011-2012 has resulted in an injection of primary liquidity of Rs 32,000 crore in the banking system while maintaining status-quo w.r.t Repo as well as Reverse Repo rates. Meanwhile, baseline projection of GDP growth for 2011-2012 has been cut to 7% from earlier estimated 7.6%.

Indian Markets closed 3% up on week on week basis with mid-caps closing 3% higher, bankex 4.3%, Metal, IT & Auto Index all up by 4%.

Market participants would now keep an eye on upcoming Q3 results i.e LIC, PNB, ICICI Bank, IDBI, Siemens, ONGC, HPCL, etc & hence stock-specific actions may be witnessed.

Auto & Cement Sector stocks will be in focus as companies from these 2 sectors would start unveiling their monthly sales data for Jan 2012 from 1 Feb 2012.

Nifty Futures has crossed major hurdle of 200 EMA but has not yet managed to cross & close above the deciding level of 5240 (Spot) which is 200 DMA.

The current rally has been too swift on the back of heavy short-covering. Hence, markets could now take a breather & Nifty may trade side-ways & retrace upto 5086-5100 area once & if it holds, may bounce back till 5340-5420 area. In other words, markets needs a healthy correction before the start of fresh upside.

Going forward,
Nifty Futures will face high resistance around 5290-5309 area crossing & sustaining above which it will be bullish upto 5420/5500++ area.
If fails to cross abv 5309, Will trade in 5086-5309 range.
Strong support has been formed around 5086-5100 area & breaking and closing below 5086 area, levels of 4990/4865 may be retested.



Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
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Mktviews Daily Market View (27/01/2012)

Expect markets to open gap-up on A/c of positive global markets. 

5212-5232 is a critical resistance zone which if crossed can lead to further short-covering upto 5298/5340. 

If does not cross5232, may retest support level of 5110 again.  

 

Key Nifty Futures Levels :

 

Supports : 5167 & 5128.

Resistances : 5212 & 5256.

Probable Trading Range : 5128 – 5256. 

Mktviews Daily Market View (23/01/2012)

Post heavy short-covering in last week from 4800 to 5050 levels, Expect markets to take a breather, consolidate & trade range-bound 5036-5099 & Further short-covering upto 5134/5160 can be expected if critical resistance zone 5086-5096 is crossed. 

If does not cross 5093 & breaks 5036, then 4985/4937 could be retested. 

 

Key Nifty Futures Levels :

 

Supports : 5036 & 5004.

Resistances : 5086 & 5114.

Probable Trading Range : 5004 – 5114.

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Never Forget : There are no Speed Limits on the Road to Excellence !!!

Mktviews Weekly Nifty Analysis (23/01/2012 - 27/01/2012)

Markets are poised crucially after Huge short-covering, strong global cues & better than expected Q3 results untill now triggered a 350 point pullback in nifty from fortnightly low of 4700 zone. 

Avoid initiating fresh Longs at this level as Nifty could once again consolidate & trade rangebound between 4937-5168 now.  Action would now shift to mid-caps & small-caps with large caps looking exhausted & most technical oscillators reaching over-bought zone. 

RBI is stated to announce Q3 Review of Monetary policy on 24th January.  With Inflation figures announced in past few weeks heading lower, there are expectations of a rate-cut from RBI.  Even if a rate-cut is announced, we feel that it is already factored in the current rally from 4700 to 5050+ levels & hence further upside on account of rate cut by RBI is capped. On the other hand, If RBI does not cut the Interest rates, we may witness a significant sell-off in the Markets. 

Meanwhile Reliance has announced its Q3 Results post markets close on Friday which are disappointing as they are below expectations with GRM dropping upto 6.3 $ / BBL. Also it has announced possibly biggest share buyback proposal of 3.6% of equity upto Rs 870/share i.e 10% premium to Friday's closing. This may have been done to support the stock prices which was fallen to sub 680 levels a fortnight back.

Q3 results announced till now have been above expectations with Reliance, Infosys & ITS being exceptions. 

Going Forward,

On the technical front, Though Nifty Futures is trading above the psychological level of 5000, it faces multiple trend-line resistances  around 5158-5180 where fresh selling pressure may emerge.

If 5180 is not crossed & sustained, expect Nifty to oscillate within 4937-5180 range.

Successful cross-over of 5168-5180 with volumes would set the pace for a further rally in Nifty Futures till 5330/5410 levels which looks less likely in the coming week.

Strong support lies around 4937-4950. Only if its breaks & sustains below 4937, panic selling upto 4819 & 4735 would be witnessed.

Caution : Expect High volatility in the coming truncated week with RBI policy on 24th, F&O expiry on 25th January 2012. 

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Never Forget : There are no Speed Limits on the Road to Excellence !!!

Mktviews Daily Market View (20/01/2012)

Expect Markets to open on a Positive Note in-line with Global Counterparts.
Now 5062-5065 is a critical resistance which if crossed may trigger further short-covering upto 5094/5125. If does not cross 5065, then 4995/4965 could be tested.

Key Nifty Futures Levels :

Supports : 5008 & 4976.
Resistances : 5065 & 5094.
Probable Trading Range : 4976 – 5094.

Nifty Trade (18/01/2012)

Short Nifty @ 4966 SL 4986 Tgt 4940, 4910. 

Mktviews Daily Market View 18/01/2012

Post heavy short-covering from sub 4800 to 4980 levels, Expect market to take a breather, consolidate & trade range-bound. 

Further Short-Covering upto 5046/5074 can be expected only if critical resistance zone of 4980-4995 is crossed. 

If does not cross 4995 & breaks 4946 on downside, expect 4906/4880 to be retested again. 

Key Nifty Futures Levels : 

 

Supports : 4945 & 4906.

Resistances : 4995 & 5027.

Probable Trading Range : 4906 – 5027.  

 

Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.

Never Forget : Our NATURE is our FUTURE !!!

Mktviews Daily Market View 17/01/2012

Expect Markets to open on a flat to positive note. 

Post Opening, Nifty Futures needs to cross critical resistance 4925-4928 for further upmove upto 4960/4980 area. 

Incase it fails to cross 4928, then 4863/4846 could be retested. 

Positionally if 4842-4848 holds on Nifty futures, we can witness a strong upmove upto 4980/5027. 

Key Nifty Futures Levels : 

 

Supports : 4868 & 4846.

Resistances : 4928 & 4960.

Probable Trading Range : 4846 – 4960. 

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Never Forget : Our NATURE is our FUTURE !!!

Mktviews Weekly Nifty Analysis (16/01/2012-20/01/2012)

Markets are crucially poised after closing 2% positive on a weekly basis post rangebound trading admist high volataility on A/c of dismal Infosys Q3 nos & Better IIP data. 

PCR ( put-call ratio ) is currently hovering around 1 & it indicates that markets are in a consolidation phase. 

Going Forward, Nifty Futures may face selling pressure on all rises as its approaching high resistance zone & its advisable to reduce Long positions till Nifty Fut crosses & closes abv critical resistance zone 4948-4960. 

Real Panic & price capitulation would set in once we close below the strong support 4817. Breach of 4817 could drift the index to lower levels of 4704/4590. 

Upside upto 5060 / 5139 could be witnseed only if 4960 is crossed & Nifty Fut closes above it. 

Till Nifty Fut crosses above 4960, Probable Trading range would be 4817-4960. 

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Never Forget : Our NATURE is our FUTURE !!

Mktviews Nifty View 11/01/2012

Expect Markets to open on a flat note in-line with Asian Markets.
Post Huge Short-Covering move yesterday, Nifty Fut needs to cross critical resistance zone 4889-4898 for bounce back upto 4939/4971. If does not cross 4898, then lower levels of 4832/4803 could be retested.

Key Nifty Futures Levels :

Supports : 4853 & 4819.
Resistances : 4898 & 4939.
Probable Trading Range : 4819 – 4939.

Mktviews Weekly Nifty Analysis (09/01/2012-13/01/2012)

Last Week, Decent pullback was witnessed from 4600 to 4800 levels followed by short-covering & selective buying support @ lower levels.

Next Important trigger for the markets in the coming week would be IIP data & upcoming Q3FY12 results.

Going Forward,

Nifty Futures have a strong support @ 4660-4675 levels. If holds 4660, minor upmove upto 4890/4965 levels may be witnessed.

If it breaks & sustains below 4660, expect selling pressure to intensify upto 4556/4439. 

 

Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Mktviews Nifty Trading Call (3/1/12)

 Buy Nifty @ 4705 SL 4685 Tgt 4734, 4756.

Mktviews Daily Nifty View (03/01/2012)

Expect Markets to open on a positive note in-line with Global Markets. 

If holds 4656 & sustains above 4712, expect pullback upto 4756/4780. 

If  breaks & sustains below 4656, could witness fall upto 4618/4574. 

Key Nifty Futures Levels : 

Supports : 4656 & 4635. 

Resistances : 4712 & 4756. 

Probable Trading Range : 4635 – 4756. 

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Mktviews Daily Nifty View (02/01/2012)

Expect Markets to open on a flattish note in line with Asian Markets. With most Global Markets shut today, expect range-bound trading with high volataility.

Now, Nifty Fut needs to cross critical resistance zone 4656-4663 for bounce back upto 4695/4715++. If does not cross 4663, then lower levels of 4590/4568 could be tested.

Key Nifty Futures Levels :

Supports : 4609 & 4577.

Resistances : 4663 & 4695.

Probable Trading Range : 4577 – 4695. 

Mktviews Weekly Nifty Analysis (02/01/2012-06/01/2012)

Last Week, Indian Markets took a beating & closed at weekly lows admist low volumes & concerns over upcoming Q3FY12 corporate results, recently concluded Lokpal drama in Parliament & reports of talks being restarted about revising the double taxation avoidance pact between Indian & Mauritian tax officials.

With most technical oscillators reaching over-sold zone, we can expect current fall to halt temporarily & markets may stage a minor pullback.

Pullback upto 4760/4853 would be witnessed if crucial support zone 4548-4561 holds.
If breaks 4548 & closes below it, will witness downside upto 4436/4360.