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).
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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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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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