Mktviews Daily Nifty View (16/12/2011)

Expect Nifty to open on a flattish note. May consolidate & trade rangebound 4746-4798 till RBI policy announcement.

Now, Nifty Fut needs to cross critical resistance zone 4790-4798 for bounce back upto 4847/4870++. If does not cross 4798, then lower levels of 4710/4670 could be tested.

Key Nifty Futures Levels :

Supports : 4746 & 4704.

Resistances : 4798 & 4839.

Probable Trading Range : 4704 – 4839.

Mktviews Daily Nifty View (15/12/2011)

Expect Markets to open on a negative note following another Sell-Off in the Global markets. Keep an eye on Rupee which has continued to slip further.

Now, Nifty Fut needs to cross critical resistance zone 4728-4735 for bounce back upto 4770/4810++. If does not cross 4735, then lower levels of 4660/4635 could be tested.

Key Nifty Futures Levels :

Supports : 4687 & 4653.
Resistances : 4735 & 4774.
Probable Trading Range : 4653 – 4774.

Mktviews Daily Nifty View (14/12/2011)

Expect Markets to open on a negative note following mixed undertone in Global Markets post US Fed Chairman Ben Bernanke’s comments on US Economy. Watch out for Inflation nos to be announced today

Alert : Rupee hits new Low 53.72 v/s Dollar.

Now, Nifty Fut needs to cross critical resistance zone 4809-4816 for bounce back upto 4857/4890++. If does not cross 4816, then lower levels of 4742/4710 could be tested.

Key Nifty Futures Levels :

Supports : 4774 & 4742.

Resistances : 4816 & 4857.

Probable Trading Range : 4742 – 4857. 

Mktviews Daily Nifty View (13/12/2011)

Nifty View : Nifty Future is facing selling pressure on all rises post weak IIP nos yesterday & Rupee hitting all-time Lows.
4790-4810 is a critical resistance. Expect 4730/4680 is 4810 is not crossed & sustained.
Upside upto 4840/4878 only incase 4810 is broken & sustained on upside.

Mktviews Weekly Nifty Analysis (12/12/2011-16/12/2011)

Last Week, Market sentiment has been dampened on A/c of jittery global markets due to newsflow w.r.t concerns over outcome of EU summit, Policy paralysis by UPA Govt & Logjam in Parliament over FDI in Retail causing Nifty to once again retest sub-4850 levels. 

IIP data to be announced on Monday & Inflation data on Wednesday will provide cues on RBI's likely policy stance at its mid-quarter monetary policy review on Friday. 

Q3 FY12 corporate advance tax payments due on Thursday would be keenly watched as it may provide cues on Q3 results of Companies. 

Nifty Futures is facing selling pressure on all rises & every attempts of pullbacks are faced with strong supply from higher levels & its advisable to REDUCE LONG POSITIONS till Nifty Future crosses & closes above 5058. 

Real panic & price capitulation would set in once Nifty Fut closes below strong support zone of 4819. Breach of 4819 could drift the index to lower levels of 4724/4639. 

  

Small Pullback upto 5166/5279 would be witnessed only if critical resistance area of 5039-5058 is crossed & Nifty Fut closes above it. 

If fails to cross abv 5058, will be in a trading range 4819-5058. 

Regards,
Team Market View Investments.
9987750901.
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.

Mktviews Daily Nifty View (09/12/2011)

Nifty Fut has critical resistance @ 4920-4925 area. Expect upside upto 4960/4990 only if its crossed & sustained.
BUT If 4925 is not crossed & sustained, Expect minimum 4827 & 4803.

Mktviews Daily Nifty View (08/12/2011)

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

Now, 5017-5022 is a crucial support level which needs to be held for witnessing any small pullback upto 5130++ zone.

If crosses & sustains abv 5130, then further short-covering upto 5180/5204 is on cards.

If  breaks & sustains below 5017, could witness fall upto 4976/4938.

Key Nifty Futures Levels :

Supports : 5019 & 4985.

Resistances : 5084 & 5129.

Probable Trading Range : 4985 – 5129. 

Mktviews Daily Nifty View (07/12/2011)

Expect Markets to open on a flat note (compared to Monday’s Closing) following flat to positive global markets.

Now, Nifty Fut needs to cross critical resistance zone 5089-5094 for bounce back upto 5129/5155. If does not cross 5094, then lower levels of 5010/4960 could be tested.

Key Nifty Futures Levels :

Supports : 5035 & 5008.

Resistances : 5094 & 5126.

Probable Trading Range : 5008 – 5126. 

Mktviews Weekly Nifty Analysis (05/12/2011-09/12/2011)

Markets are poised crucially after Huge Short-Covering triggered a 450 pts pullback in Nifty from previous week's low of 4630 Zone. 

Sustainability of this upmove at higher levels may prove difficult as the rally has been backed by low volumes & hence Markets may take a breather & witness side-ways movement. 

Outcome of Euro Summit on 9th Dec would be very important trigger for Global markets. 

Going Forward, Further Pullback upto 5290/5360 would be witnessed only if critical resistance area of 5168-5186 is crossed & Nifty Future closes above it but Use the upmove to reduce longs on every rise till 5186 is crossed. 

If fails to cross above 5186, Will be in a Trading Range 4968-5186. Strong Support lies @ 4968-4976 & Selling pressure would intensify upto 4865/4749 only if Nifty Fut breaches & close below 4968. 

Regards,
Team Market View Investments.
9987750901.
 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.

Mktviews Daily Nifty View (02/12/2011)

Nifty Futures has an very important support around 4932-4935 area. If holds 4932, Expect upside upto 4990/5023.
If breaks & sustains below 4932, expect 4885/4850 to be retested.