share Nifty index is expected today january 17 2013 : The 50-share Nifty index is expected to open soft on Thursday, while investors will keep a close eye on Hero MotoCorp and HCL Technologies ahead of their results which will be out later today. At 07:30 a.m., Nifty India stock futures in Singapore were up 20.50 point at 6036.50, indicating a soft opening on the domestic market.
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Showing posts with label nifty tips. Show all posts
Showing posts with label nifty tips. Show all posts
Wednesday, January 16, 2013
Tuesday, December 25, 2012
Nifty, Sensex Analysis december 26 2012
Nifty, Sensex Analysis december 26 2012 ; The Nifty is moving in a tight range after a positive start taking cues from other Asian peers and ahead of the December series expiry. Capital goods, realty and healthcare sectors led the up-move while technology and FMCG space edged lower. According to analysts, the trade is likely to remain range-bound in the near term as most traders who are in holiday mood are likely to keep their positions light ahead of the New Year.
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Sunday, December 23, 2012
Nifty, Sensex analysis week Dec 24-28 2012
Stock Market Today - Nifty, Sensex analysis week Dec 24-28 2012 : benchmark indices declined marginally this week on weak global cues amid dimming hopes that US politicians will reach a debt deal before the end of the year. Technically, a mix movement on stock was seen during the week. The Sensex largely moved in the range of 600-700 points while the Nifty moved in a range of 150-200 points.
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Sunday, September 30, 2012
Nifty expected to levels of 5,900 october 2012
Nifty expected to levels of 5,900 october 2012 :
The week was expected to be volatile with a possibility of a minor correction but turned out to be one of consolidation. The Nifty closed at 5,703, higher by 12 points, its fourth straight week of gains. The Indian markets have been among the best performing ones with an 8.46-pct gain this month. FIIs continued to pour in with the last week’s tally at $1.42 billion.
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Nifty futures tips october 1-5 2012
Nifty futures tips october 1-5 2012, Nifty chart technical prediction october 1-5 2012 :
The Indian market will remain volatile in a truncated week as the investors may continue to book profits after a recent run up in share prices, Sharekhan said in a report.
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Sunday, September 23, 2012
Nifty prediction october 2012
Nifty prediction october 2012, nifty trend next 2 weeks ; Last week was a spectacular example of what can happen when policy makers and liquidity are both in action. A gush of liquidity on the back of Quantitative Easing by the US Fed in the previous week, coupled with the Indian Finance minister putting his foot down to ensure that there was no roll-back in reforms despite of immense pressure from opposition.
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Saturday, September 22, 2012
How will nifty go next week september 24-28 2012
How will nifty go next week september 24-28 2012 : Profit booking is when there are long positions pending in the market. It is evident across the last couple of days that there are not many long positions pending in the market. This is why we are not seeing any sell off emerging in spite of a higher open. Going into the weekend with the market finishing near the top, it is unlikely that anybody would have been courageous enough to carry forward significant long positions into the next week. Therefore, profit booking will not going to be a part of what we will see early in next week.
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Saturday, September 8, 2012
Nifty futures tips for week september 10-15 2012
Nifty futures tips for week september 10-15 2012 : The Nifty opened the week on a subdued note and traded in a narrow range for the initial days. The Nifty recorded a low of 5215, before picking up strong momentum toward the end of the week.
The Nifty finally closed at 5358, after recording a high of 5366 level. Nifty has closed strongly by witnessing rising gap in Friday's session, which lead index to register weekly close above cluster of moving averages.
Currently the index is forming a rising wedge pattern on daily chart. In the near future index is likely to consolidate at higher levels. The index has an immediate resistance at 5400 followed by swing high of 5448 levels.
On the downside index has strong support in the range of 5310 -5275 levels.
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The Nifty finally closed at 5358, after recording a high of 5366 level. Nifty has closed strongly by witnessing rising gap in Friday's session, which lead index to register weekly close above cluster of moving averages.
Currently the index is forming a rising wedge pattern on daily chart. In the near future index is likely to consolidate at higher levels. The index has an immediate resistance at 5400 followed by swing high of 5448 levels.
On the downside index has strong support in the range of 5310 -5275 levels.
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Saturday, September 1, 2012
Nifty futures tips for 3-7 september 2012
Nifty futures tips for 3-7 september 2012, nifty chart for week 3 sept 2012, Nifty trading tips for week 3-7 september 2012 : The sharp selloff in the Nifty in the week to 31 August has taken it to a bullish zone from where it could bounce back when the markets open on Monday. A sharp rally in the US and European markets will provide additional confidence to bulls in India.
The rally in the US was driven by renewed hopes that the Federal Reserve would pump more money into the system after Fed chief Ben Bernanke spoke to Congress on Friday. While he has said nothing new, it eased fears in the markets that the recent positive economic numbers in the US would not stop the Fed from easing some more.
The US and European markets do have an effect on Indian equities, but Nifty last week entered a bullish zone which will be the most important reason for the bounce. A bullish zone is essentially an area of support where the demand for an asset exceeds supply. This leads to a rally in price. A look at the chart gives us a clearer picture of the bullish zone.
The NIFTY opened the week on a negative note and traded southward throughout the week (ended 31 August). The Nifty recorded a high of 5,399, before declining to a low of 5,239 levels. It finally closed the week at 5258, with a loss of 128 points.
The index has penetrated the rising gap placed in the range of 5260 - 5220 (witnessed on 6th Aug 2012). Going forward, the index has strong support near 5200 levels. Since 50 per cent retracement and rising trend line are placed near that level (as shown in the chart). Trading below 5200, the index could decline further towards its long term moving average placed around 5120 levels.
On the upside, Nifty has resistance in the range of 5300-5320 levels. Trading above which, Nifty would head towards 5450 levels.
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The rally in the US was driven by renewed hopes that the Federal Reserve would pump more money into the system after Fed chief Ben Bernanke spoke to Congress on Friday. While he has said nothing new, it eased fears in the markets that the recent positive economic numbers in the US would not stop the Fed from easing some more.
The US and European markets do have an effect on Indian equities, but Nifty last week entered a bullish zone which will be the most important reason for the bounce. A bullish zone is essentially an area of support where the demand for an asset exceeds supply. This leads to a rally in price. A look at the chart gives us a clearer picture of the bullish zone.
The NIFTY opened the week on a negative note and traded southward throughout the week (ended 31 August). The Nifty recorded a high of 5,399, before declining to a low of 5,239 levels. It finally closed the week at 5258, with a loss of 128 points.
The index has penetrated the rising gap placed in the range of 5260 - 5220 (witnessed on 6th Aug 2012). Going forward, the index has strong support near 5200 levels. Since 50 per cent retracement and rising trend line are placed near that level (as shown in the chart). Trading below 5200, the index could decline further towards its long term moving average placed around 5120 levels.
On the upside, Nifty has resistance in the range of 5300-5320 levels. Trading above which, Nifty would head towards 5450 levels.
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Ranbaxy stock prices forecast 3-7 september 2012
Ranbaxy stock prices forecast 3-7 september 2012 : The share price of Ranbaxy has registered breakout from an ascending triangle pattern in the last week. In this week stock has consolidated at higher level and closed above its cluster of moving averages. The momentum indicator is also rolling upward. The above mentioned evidences suggest that the stock is likely to head towards the levels of Rs570/588 /600 in the near future.
We recommend a buy at current level and again on dip up to Rs 542—547 with a stop loss placed below Rs 533.80 for the above mentioned targets.
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We recommend a buy at current level and again on dip up to Rs 542—547 with a stop loss placed below Rs 533.80 for the above mentioned targets.
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Sunday, August 26, 2012
Nifty, Sensex outlook week 27 - 31 august 2012
Nifty, Sensex outlook week 27 - 31 august 2012, indian stock market : Stocks continued their upward march last week. The Sensex went up to the 18,000 threshold and the Nifty went up to 5,450 on Thursday before retracing slightly. The weekly charts of both the indices are looking promising with four consecutive white candles, denoting four positive weekly closes.
The holiday at the beginning of last week made the week begin on a sluggish note. Market participants focused on global cues such as expectation of another round of quantitative easing from the US to push stock prices higher. Foreign institutional investors continued to support stocks by remaining net buyers.
Their tally of net purchases for August has now surpassed $1.2 billion. Indian equities have received $11.5 billion of FII flow so far this year. Turnover in capital market segment was lackadaisical last week while derivative action picked up in the second half of the week.
Put call ratio in index options rising towards 1.3 denotes that market is getting a little over-heated and traders are betting on a correction. Open interest in the derivative segment has crossed Rs 1,50,000 crore reflecting growing traders’ interest.
The action next week could be livelier as the August derivative contracts roll into expiry. The GDP growth for the June quarter and the final phase of the South-West monsoon will be other points of interest in the upcoming sessions.
Daily oscillators in the Sensex and the Nifty charts declined slightly albeit still in the bullish zone. There is also a negative divergence in the daily chart denoting loss of momentum and the possibility of a minor short-term pull-back. Weekly oscillators are just emerging into the positive zone denoting that the negative medium-term view could mitigate.
Sensex (17,783.2)
The Sensex recorded the peak at 17,972 before declining on Friday. The two doji formations in the daily chart on Thursday and Friday denote that the index could decline a little in the early part of the week. The short-term trend in the index, however, continues to be up.
Immediate supports for the index are at 17,464 and 17,146. Short-term traders can buy in declines as long as the index trades above the first support. If corrections halt at this level, it will imply that the index can move on to 18,310, 18,523 or 18,834 in the months ahead. The medium-term view for the index is also positive. As we have been reiterating, the third leg of the correction from 15,135 low is currently unfolding. This leg has the targets of 17,842 and 19,136. Since the index is nearing the first target, investors need to tread cautiously. The zone around 18,000 is also a psychological resistance. We will retain a positive medium-term view as long as the index trades above 17,150.
Nifty (5,386.7)
The Nifty hit the intra-week high at 5,448 before declining to 5,371 on Friday. The short-term trend in the index is currently up. But there is a slight let-up in the momentum. The index could retract slightly to 5,300 in the week ahead. Short-term traders can hold their long positions as long as the index trades above this level.
Subsequent supports are at 5,241 and 5,190. If the index manages to break above 5,450, it can rally on to 5,544 or 5,630.
Medium-term trend in the Nifty is also positive. The index needs to decline below 5,200 to reverse this view. The medium-term targets of this up-move are 5,450 and 5,870. Since the index is close to the first medium-term target, some caution is required at this juncture.
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The holiday at the beginning of last week made the week begin on a sluggish note. Market participants focused on global cues such as expectation of another round of quantitative easing from the US to push stock prices higher. Foreign institutional investors continued to support stocks by remaining net buyers.
Their tally of net purchases for August has now surpassed $1.2 billion. Indian equities have received $11.5 billion of FII flow so far this year. Turnover in capital market segment was lackadaisical last week while derivative action picked up in the second half of the week.
Put call ratio in index options rising towards 1.3 denotes that market is getting a little over-heated and traders are betting on a correction. Open interest in the derivative segment has crossed Rs 1,50,000 crore reflecting growing traders’ interest.
The action next week could be livelier as the August derivative contracts roll into expiry. The GDP growth for the June quarter and the final phase of the South-West monsoon will be other points of interest in the upcoming sessions.
Daily oscillators in the Sensex and the Nifty charts declined slightly albeit still in the bullish zone. There is also a negative divergence in the daily chart denoting loss of momentum and the possibility of a minor short-term pull-back. Weekly oscillators are just emerging into the positive zone denoting that the negative medium-term view could mitigate.
Sensex (17,783.2)
The Sensex recorded the peak at 17,972 before declining on Friday. The two doji formations in the daily chart on Thursday and Friday denote that the index could decline a little in the early part of the week. The short-term trend in the index, however, continues to be up.
Immediate supports for the index are at 17,464 and 17,146. Short-term traders can buy in declines as long as the index trades above the first support. If corrections halt at this level, it will imply that the index can move on to 18,310, 18,523 or 18,834 in the months ahead. The medium-term view for the index is also positive. As we have been reiterating, the third leg of the correction from 15,135 low is currently unfolding. This leg has the targets of 17,842 and 19,136. Since the index is nearing the first target, investors need to tread cautiously. The zone around 18,000 is also a psychological resistance. We will retain a positive medium-term view as long as the index trades above 17,150.
Nifty (5,386.7)
The Nifty hit the intra-week high at 5,448 before declining to 5,371 on Friday. The short-term trend in the index is currently up. But there is a slight let-up in the momentum. The index could retract slightly to 5,300 in the week ahead. Short-term traders can hold their long positions as long as the index trades above this level.
Subsequent supports are at 5,241 and 5,190. If the index manages to break above 5,450, it can rally on to 5,544 or 5,630.
Medium-term trend in the Nifty is also positive. The index needs to decline below 5,200 to reverse this view. The medium-term targets of this up-move are 5,450 and 5,870. Since the index is close to the first medium-term target, some caution is required at this juncture.
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Monday, August 20, 2012
Sensex, Nifty rose 8/21/2012
Sensex, Nifty rose 8/21/2012 : The BSE Sensex rose 0.40 per cent early Tuesday led by gains in Infosys, Tata Motors and ICICI Bank. The 50-share Nifty was trading at 5,382, up 0.3 per cent.
At 9:20 a.m., the 30-share BSE index was trading at 17,766.80, up 75 points or 0.43 per cent. Infosys (2.1 per cent), Tata Motors (2.02 per cent) and ICICI Bank (0.6 per cent) led the gains.
Infosys surged over 2 per cent in opening trade after the software major won a harassment case filed by its employee Jack Palmer, after a US judge dismissed his claims and threw out the case on Monday.
Maruti Suzuki Ltd gained 1 per cent in early trade. India's largest carmaker will lift the lockout at its Manesar facility today and restart production on a small scale. Reacting to the development, Macquarie upgraded Maruti Suzuki to 'outperform' from 'neutral' and also raised its target price to Rs 1,500 from Rs 1,200.
However, an early restart to the Manesar operations is seen as the key to restore investor confidence in the stock as well as mitigate the risk of losing customers to competition ahead of the festive season.
The rupee opened higher in line with gains in local shares. The Indian unit was at 55.58/59 versus its previous close of 55.73/74, up 0.8 per cent on the week, Reuters reported.
"The dollar/rupee 1-month NDF was trading at 55.88 after closing NY trading at 56.08-13. Dealers say a fall in crude oil prices will keep the pressure on the pair," the report noted.
The BSE IT Index was trading 1.1 per cent higher, the BSE Auto Index gained 0.8 per cent and the BSE Realty Index was up 0.45 per cent. The BSE Capital Goods Index was trading 0.1 per cent lower followed by the BSE HealthCare Index, which was down 0.05 per cent.
Top traded counters on BSE include Infosys, SBI and Tata Motors.
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At 9:20 a.m., the 30-share BSE index was trading at 17,766.80, up 75 points or 0.43 per cent. Infosys (2.1 per cent), Tata Motors (2.02 per cent) and ICICI Bank (0.6 per cent) led the gains.
Infosys surged over 2 per cent in opening trade after the software major won a harassment case filed by its employee Jack Palmer, after a US judge dismissed his claims and threw out the case on Monday.
Maruti Suzuki Ltd gained 1 per cent in early trade. India's largest carmaker will lift the lockout at its Manesar facility today and restart production on a small scale. Reacting to the development, Macquarie upgraded Maruti Suzuki to 'outperform' from 'neutral' and also raised its target price to Rs 1,500 from Rs 1,200.
However, an early restart to the Manesar operations is seen as the key to restore investor confidence in the stock as well as mitigate the risk of losing customers to competition ahead of the festive season.
The rupee opened higher in line with gains in local shares. The Indian unit was at 55.58/59 versus its previous close of 55.73/74, up 0.8 per cent on the week, Reuters reported.
"The dollar/rupee 1-month NDF was trading at 55.88 after closing NY trading at 56.08-13. Dealers say a fall in crude oil prices will keep the pressure on the pair," the report noted.
The BSE IT Index was trading 1.1 per cent higher, the BSE Auto Index gained 0.8 per cent and the BSE Realty Index was up 0.45 per cent. The BSE Capital Goods Index was trading 0.1 per cent lower followed by the BSE HealthCare Index, which was down 0.05 per cent.
Top traded counters on BSE include Infosys, SBI and Tata Motors.
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Sunday, August 19, 2012
bank nifty futures level for 8/21/2012
bank nifty futures level for 8/21/2012, bank nifty tips august 21 2012 : The Indian markets registered marginal gains in a truncated week with the Sensex registering a rise of 0.76 per cent and the Nifty index gained 0.86 per cent for the week ended August 17, 2012.
Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
NIFTY SPOT LEVEL: 21ST AUG 2012
Tomorrow trading is expected between the broad levels of 5310-5425. If the market breaches the level of 5395 on the upper side then the next resistance level will be 5425. But if nifty breaches the support level of 5340 then it may go down till the level of 5310.
BANK NIFTY FUTURES: 21ST AUG 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10275-10580. Bank nifty futures can go down till the level of 10275 once it breaks the level of 10345. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10580. Bank nifty will be trading between the narrow ranges of 10345-10500.
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Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
NIFTY SPOT LEVEL: 21ST AUG 2012
Tomorrow trading is expected between the broad levels of 5310-5425. If the market breaches the level of 5395 on the upper side then the next resistance level will be 5425. But if nifty breaches the support level of 5340 then it may go down till the level of 5310.
BANK NIFTY FUTURES: 21ST AUG 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10275-10580. Bank nifty futures can go down till the level of 10275 once it breaks the level of 10345. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10580. Bank nifty will be trading between the narrow ranges of 10345-10500.
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Nifty target for week august 21 2012
Nifty target for week august 21 2012, nifty target 8/21/2012, nifty tips august 21 2012, nifty analisys, nifty on 21 08 12 : The Indian markets registered marginal gains in a truncated week with the Sensex registering a rise of 0.76 per cent and the Nifty index gained 0.86 per cent for the week ended August 17, 2012.
Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
For the coming week, the Nifty index may consolidate in a range from 5,300 level on the downside and 5,400 level on the upside, Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
For the coming week, the Nifty index may consolidate in a range from 5,300 level on the downside and 5,400 level on the upside, If the Nifty crosses above 5,400 level, the likely target on the upsides are 5,480-5,550. "Profit-booking is likely at current levels and also until 5450 level is crossed.
Since the last four weeks the index has shown bullish signs and has gained almost 6 per cent from its lows of 5,030. The index has breached above its crucial resistance level of 5,350 on closing basis which is a positive indicator for near-to-medium term.
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Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
For the coming week, the Nifty index may consolidate in a range from 5,300 level on the downside and 5,400 level on the upside, Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
For the coming week, the Nifty index may consolidate in a range from 5,300 level on the downside and 5,400 level on the upside, If the Nifty crosses above 5,400 level, the likely target on the upsides are 5,480-5,550. "Profit-booking is likely at current levels and also until 5450 level is crossed.
Since the last four weeks the index has shown bullish signs and has gained almost 6 per cent from its lows of 5,030. The index has breached above its crucial resistance level of 5,350 on closing basis which is a positive indicator for near-to-medium term.
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Sunday, July 29, 2012
Nifty, Sensex for week july 30-3 august 2012
Nifty, Sensex for week july 30-3 august 2012 : The spectre of sovereign debt default in euro zone reappeared last week, spooking both the Sensex and the Nifty. Both the indices opened with downward gaps on Monday morning and continued tumbling downhill till Friday. Traders who were betting on stock prices rising further in the weeks ahead had to unwind their positions ahead of the expiry of July derivative contracts stoking the volatility further.
Deficient monsoon and its consequence also began affecting the market morale and corporate earnings could not do much to rectify the mood. There was intense drama on Thursday as several mid-cap stocks such as Tulip Telecom and Everonn Education took a sharp drive on rumours of brokers unwinding pledged shares.
Volumes spiked higher on Thursday, the day of the expiry. Derivative volume on NSE crossed Rs 2,00,000 crore on that day. Put call ratio in index options declined below 1 and open interest fell below Rs 1,00,000 crore implying that many traders were forced to unwind their position. Foreign institutional investors were net sellers in equity in most sessions last week. But their tally for net purchases in July stays at $1.5 billion.
The week ahead would be news-heavy with the RBI and the Federal Reserve holding their monetary policy meetings next week. Progress of monsoon, PMI numbers and earnings announcements will be other drivers in the short-term.
Oscillators in the daily chart moved deep into oversold zones. The Sensex declined below its long-term 200-day moving average on Thursday though it is just hanging onto that support now. The long lower shadow in the weekly candlestick chart implies that the index is trying to halt its current slide.
Sensex (16,839.2)
The Sensex recorded the intra-week low of 16,598.5 before regaining some ground on Friday to close 320 points lower. Key short-term support that investors need to watch now is at 16,467. The short-term guideposts for investors are as under:
Upward reversal above 16,467 will take it higher to 17,631 or 17,762 in the upcoming sessions.
Short-term view will, however, turn negative if the index closes below 16,467. It will mean that the index is moving lower to 15,916 or 15,748.
Movement between 17,000 and 17,500 will retain the positive short-term view.
Medium-term trend in the index is sideways. The movement since the 15,135 low appears to be the correction of the down-move from 21,108 peak. If the Sensex reverses above 16,467, it will imply that the C wave of this correction is sub-dividing further and can take the index up to 18,481 or 18,523 again.
Investors need to bear in mind that there is long-term resistance at 18,826 that could prove to be the ceiling for this year.
The Nifty (5,100) too hit the intra-week low of 5,032.4 before reversing higher on Friday. Key short-term support for the index is at 4,991. Short-term traders should not initiate fresh long positions if the index moves below this level. That will imply that the Nifty is heading towards 4,816 or 4,770 in the near-term.
Conversely, reversal above the 5,000 mark will mean that the index can move on to 5,227 or 5,348 again.
The Nifty is also poised at a very significant junction from a medium-term stand-point.
Sharp up-move from current levels can take the index higher to 5,389 or 5,610 over the medium-term.
But the breach of the support at 5,000 will mean that the index can head lower to 4,488.
Global Cues
Global markets remained in a sideways range but ended the week on a slightly positive note. European indices strengthened on statement from the French President and German Chancellor that they are committed to support the euro zone.
The CBOE Volatility Index spiked in the beginning of the week hitting the high of 21 on Tuesday.
But it declined from there to close at 16.7 implying that investors were feeling more sanguine towards the end of the week.
The Dow moved beyond the 13,000 level despite the US economy growing at just 1.5 per cent in the second quarter. This is slower than the 2 per cent growth in the previous quarter.
The index has now overcome the resistance at 12,850.
Short-term target for the index remains at 13,338.
Medium-term targets on close above 13,338 are 13,848 and the index’s all-time high at 14,198. Short-term view will stay positive as long as the index trades above 12,450.
One of the worst performing markets in recent times is the Chinese stock market. The Shanghai Composite Index is down 13 per cent since the beginning of May.
The index is also testing the medium-term low at 2,132. Breach of this level will be negative from a medium-term perspective.
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Deficient monsoon and its consequence also began affecting the market morale and corporate earnings could not do much to rectify the mood. There was intense drama on Thursday as several mid-cap stocks such as Tulip Telecom and Everonn Education took a sharp drive on rumours of brokers unwinding pledged shares.
Volumes spiked higher on Thursday, the day of the expiry. Derivative volume on NSE crossed Rs 2,00,000 crore on that day. Put call ratio in index options declined below 1 and open interest fell below Rs 1,00,000 crore implying that many traders were forced to unwind their position. Foreign institutional investors were net sellers in equity in most sessions last week. But their tally for net purchases in July stays at $1.5 billion.
The week ahead would be news-heavy with the RBI and the Federal Reserve holding their monetary policy meetings next week. Progress of monsoon, PMI numbers and earnings announcements will be other drivers in the short-term.
Oscillators in the daily chart moved deep into oversold zones. The Sensex declined below its long-term 200-day moving average on Thursday though it is just hanging onto that support now. The long lower shadow in the weekly candlestick chart implies that the index is trying to halt its current slide.
Sensex (16,839.2)
The Sensex recorded the intra-week low of 16,598.5 before regaining some ground on Friday to close 320 points lower. Key short-term support that investors need to watch now is at 16,467. The short-term guideposts for investors are as under:
Upward reversal above 16,467 will take it higher to 17,631 or 17,762 in the upcoming sessions.
Short-term view will, however, turn negative if the index closes below 16,467. It will mean that the index is moving lower to 15,916 or 15,748.
Movement between 17,000 and 17,500 will retain the positive short-term view.
Medium-term trend in the index is sideways. The movement since the 15,135 low appears to be the correction of the down-move from 21,108 peak. If the Sensex reverses above 16,467, it will imply that the C wave of this correction is sub-dividing further and can take the index up to 18,481 or 18,523 again.
Investors need to bear in mind that there is long-term resistance at 18,826 that could prove to be the ceiling for this year.
The Nifty (5,100) too hit the intra-week low of 5,032.4 before reversing higher on Friday. Key short-term support for the index is at 4,991. Short-term traders should not initiate fresh long positions if the index moves below this level. That will imply that the Nifty is heading towards 4,816 or 4,770 in the near-term.
Conversely, reversal above the 5,000 mark will mean that the index can move on to 5,227 or 5,348 again.
The Nifty is also poised at a very significant junction from a medium-term stand-point.
Sharp up-move from current levels can take the index higher to 5,389 or 5,610 over the medium-term.
But the breach of the support at 5,000 will mean that the index can head lower to 4,488.
Global Cues
Global markets remained in a sideways range but ended the week on a slightly positive note. European indices strengthened on statement from the French President and German Chancellor that they are committed to support the euro zone.
The CBOE Volatility Index spiked in the beginning of the week hitting the high of 21 on Tuesday.
But it declined from there to close at 16.7 implying that investors were feeling more sanguine towards the end of the week.
The Dow moved beyond the 13,000 level despite the US economy growing at just 1.5 per cent in the second quarter. This is slower than the 2 per cent growth in the previous quarter.
The index has now overcome the resistance at 12,850.
Short-term target for the index remains at 13,338.
Medium-term targets on close above 13,338 are 13,848 and the index’s all-time high at 14,198. Short-term view will stay positive as long as the index trades above 12,450.
One of the worst performing markets in recent times is the Chinese stock market. The Shanghai Composite Index is down 13 per cent since the beginning of May.
The index is also testing the medium-term low at 2,132. Breach of this level will be negative from a medium-term perspective.
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Saturday, July 7, 2012
Nifty, Sensex outlook week july 9-13 2012
Nifty, Sensex outlook week july 9-13 2012 ; The markets closed a lacklustre week, ended 6 July, with marginal gains. The Sensex gained 91 points, or 0.5 percent, to close at 17,2521.12 while the 50-share Nifty ended at 5,317, up 0.72 percent or 38 points.
However, on a weekly basis, midcaps and smallcaps outperformed the Sensex with gains of 2.6 percent and 4.3 percent, respectively. Markets are likely to take cues from industrial output and monthly inflation data and the start of the earnings season next week, according to analysts.
The government is scheduled to release May IIP output and June headline inflation numbers on Thursday and July 16, respectively.
"The 50-share Nifty is likely to be rangebound between 5,200 and 5,400 with stock-specific movement in hotels, fertilizer and agriculture stocks in the coming week, Infosys and Tata Consultancy Services will announce their first quarter results on July 12. Markets maybe choppy and some profit-booking cannot be ruled out ahead of the big event, he added.
Revenue growth for the top five players is expected to be 1-3 percent in dollar terms.
"Of the larger companies, Infosys and Wipro are expected to report lower growth, while TCS is expected to report revenues on the higher end of the growth band," ET reported.
Infosys which gets 71.1 percent of its revenue in dollars is expected to gain most from the rupee's depreciation, compared to say TCS which gets about 59% of its revenue in dollars,The BSE IT Index has been under pressure on account of rising uncertainties for the sector on the back of the eurozone debt crisis which is far from over and a slower-than-anticipated improvement in US economic growth.
Despite the depreciation of the rupee by 9 percent during the quarter, the BSE IT index, which has corrected 5.2 percent, has underperformed the broader market indices.
Mumbai-based brokerage Sharekhan remains cautiously optimistic on the IT sector with TCS from the largecaps and NIIT Tech in the midcaps as its top picks.
The rupee is expected to consolidate further and head towards 55.70-56.00 per dollar next week, while bond yields are expected to hold in a range ahead of the IIP and inflation data due later in the week, Reuters reported.
"Industrial output data is likely to be positive with around 2 percent growth based on core sector growth of 4 percent while inflation is expected to come around 7.5 percent for June," Prabhakar added.
The markets on Monday are likely to react to the tepid US jobs growth data which led to a strong correction on Wall Street on Friday. The weaker-than-expected numbers highlight fears of a slowdown in US growth.
"About 80,000 non-farm payroll jobs were added in June, the third straight month employment grew by less than 100,000 jobs," a Reuters report said, adding that Monday (July 9) will be primarily marked by the reaction to the US jobs data with the performance of the euro key, according to traders.
The Nifty has moved in a narrow band of 70 points in the previous week but experts are hopeful that the index will break out of the range on either side next week with all the events lined up.
Ashwani Gujral of ashwanigujral.com recommended investors be cautious next week as markets may keep updating trailing stops.
"I expect the bank index to get another 250-300 points on the upside and the Nifty is expected to hover around 5,400 levels for the coming week," he said.
"On the Nifty, 5,270 is the ideal stop loss for all long positions and if we get some positive news, 5,380-5,400 levels seem very likely. But the movement will be choppy and rumour-driven, so people need to have clear stop losses and use them on a closing basis," Gujral added.
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However, on a weekly basis, midcaps and smallcaps outperformed the Sensex with gains of 2.6 percent and 4.3 percent, respectively. Markets are likely to take cues from industrial output and monthly inflation data and the start of the earnings season next week, according to analysts.
The government is scheduled to release May IIP output and June headline inflation numbers on Thursday and July 16, respectively.
"The 50-share Nifty is likely to be rangebound between 5,200 and 5,400 with stock-specific movement in hotels, fertilizer and agriculture stocks in the coming week, Infosys and Tata Consultancy Services will announce their first quarter results on July 12. Markets maybe choppy and some profit-booking cannot be ruled out ahead of the big event, he added.
Revenue growth for the top five players is expected to be 1-3 percent in dollar terms.
"Of the larger companies, Infosys and Wipro are expected to report lower growth, while TCS is expected to report revenues on the higher end of the growth band," ET reported.
Infosys which gets 71.1 percent of its revenue in dollars is expected to gain most from the rupee's depreciation, compared to say TCS which gets about 59% of its revenue in dollars,The BSE IT Index has been under pressure on account of rising uncertainties for the sector on the back of the eurozone debt crisis which is far from over and a slower-than-anticipated improvement in US economic growth.
Despite the depreciation of the rupee by 9 percent during the quarter, the BSE IT index, which has corrected 5.2 percent, has underperformed the broader market indices.
Mumbai-based brokerage Sharekhan remains cautiously optimistic on the IT sector with TCS from the largecaps and NIIT Tech in the midcaps as its top picks.
The rupee is expected to consolidate further and head towards 55.70-56.00 per dollar next week, while bond yields are expected to hold in a range ahead of the IIP and inflation data due later in the week, Reuters reported.
"Industrial output data is likely to be positive with around 2 percent growth based on core sector growth of 4 percent while inflation is expected to come around 7.5 percent for June," Prabhakar added.
The markets on Monday are likely to react to the tepid US jobs growth data which led to a strong correction on Wall Street on Friday. The weaker-than-expected numbers highlight fears of a slowdown in US growth.
"About 80,000 non-farm payroll jobs were added in June, the third straight month employment grew by less than 100,000 jobs," a Reuters report said, adding that Monday (July 9) will be primarily marked by the reaction to the US jobs data with the performance of the euro key, according to traders.
The Nifty has moved in a narrow band of 70 points in the previous week but experts are hopeful that the index will break out of the range on either side next week with all the events lined up.
Ashwani Gujral of ashwanigujral.com recommended investors be cautious next week as markets may keep updating trailing stops.
"I expect the bank index to get another 250-300 points on the upside and the Nifty is expected to hover around 5,400 levels for the coming week," he said.
"On the Nifty, 5,270 is the ideal stop loss for all long positions and if we get some positive news, 5,380-5,400 levels seem very likely. But the movement will be choppy and rumour-driven, so people need to have clear stop losses and use them on a closing basis," Gujral added.
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Friday, May 25, 2012
Nifty prediction next week may 28 2012
Nifty prediction next week may 28 2012, nifty tips, : The BSE benchmark Sensex today closed almost flat at 16,217.82 due to profit-booking in FMCG, oil and banking stocks after recent gains even as rupee continued its recovery for the second straight day against the US dollar. The 30-share Sensex, which had gained 274.20 points in Thursday's trade, fell by 4.48 points. During the day, it swung between 16,118.35 and 16,273.48 points.
The 50-share NSE Nifty shed one point to close at 4,920.40 after moving between 4,935.80 and 4,889.35.
how the markets will perform next week, May 28. The same are as follows:
Rakesh Goyal, sr.vice president, Bonanza Portfolio:
``Global developments continue to influence the market sentiments. The recent price hike in petrol and the forthcoming outcome of the Empowered Group of Ministers meeting which will discuss hike in diesel and cooking gas prices have made the sentiments jittery. The outcome of the meeting is likely to influence the short term trend of the market. Immediate upside resistance exists at 4,950.``
Alex K Mathews, head technical & derivatives research, Geojit BNP Paribas:
``Nifty is having resistance at 4,941, 4,972 and 4,999 while the support is there at 4,894 and 4,868 levels.``
GEPL Capital:
``Nifty is now trading near the level of 4,960 which is an important resistance. Should it breach the level of 4,960 we may expect a swift upside till 5,050 to 5,100 in a very short span of time. It now has support placed at 4,800. As long as it maintains this support the chances of an upside till 5,100 remains high. In the event it is unable to sustain above 4,800 then we may see further downside till 4,700 and lower. However there are some encouraging signs on the charts which indicate that it is likely to trend higher in coming few days.``
Milan Bavishi, head research, Inventure Growth & Securities:
``The Nifty need to close above 4,960 levels in order to decisively confirm higher tops and higher bottoms on the daily charts. Once this is seen, a near term bullish trend reversal would be in place and Nifty could head higher to 5,080 levels. On the downside, 4,767 would act as key support level
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The 50-share NSE Nifty shed one point to close at 4,920.40 after moving between 4,935.80 and 4,889.35.
how the markets will perform next week, May 28. The same are as follows:
Rakesh Goyal, sr.vice president, Bonanza Portfolio:
``Global developments continue to influence the market sentiments. The recent price hike in petrol and the forthcoming outcome of the Empowered Group of Ministers meeting which will discuss hike in diesel and cooking gas prices have made the sentiments jittery. The outcome of the meeting is likely to influence the short term trend of the market. Immediate upside resistance exists at 4,950.``
Alex K Mathews, head technical & derivatives research, Geojit BNP Paribas:
``Nifty is having resistance at 4,941, 4,972 and 4,999 while the support is there at 4,894 and 4,868 levels.``
GEPL Capital:
``Nifty is now trading near the level of 4,960 which is an important resistance. Should it breach the level of 4,960 we may expect a swift upside till 5,050 to 5,100 in a very short span of time. It now has support placed at 4,800. As long as it maintains this support the chances of an upside till 5,100 remains high. In the event it is unable to sustain above 4,800 then we may see further downside till 4,700 and lower. However there are some encouraging signs on the charts which indicate that it is likely to trend higher in coming few days.``
Milan Bavishi, head research, Inventure Growth & Securities:
``The Nifty need to close above 4,960 levels in order to decisively confirm higher tops and higher bottoms on the daily charts. Once this is seen, a near term bullish trend reversal would be in place and Nifty could head higher to 5,080 levels. On the downside, 4,767 would act as key support level
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Friday, May 18, 2012
Nifty prediction next week May 21-25 2012
Nifty prediction next week May 21-25 2012 ; Indices in the Indian stock market continued their bounce back journey during the closing stages of the day and as a consequence, managed to close the day comfortably in the positive. While Sensex closed higher by around 80 points, gains on the Nifty came in at around 20 points. BSE Mid Cap and Small Cap indices could not overcome the resistance and hence closed the day marginally in the negative. Nearly three stocks gained for every one that closed the day in the negative on the Sensex. views of experts on how the markets will perform next week, May 21-25 2012. The same are as follows:
Alex K Mathews, head technical and derivatives research, Geojit BNP Paribas:
``Nifty bounced backed from the key support level below 4,800 and closed for the week without losing much. Nifty is having resistance at 4,937, 4,982 and 5,056 while the support is there at 4,817 and 4,743 levels. US futures gained ahead of Facebook Inc debut and G-8 meeting. Europe is expected to remain subdued to weak and the global markets will overlook them till the new election results.``
Milan Bavishi, head research, Inventure Growth & Securities:
``Nifty closed the week with a strong recovery from the weekly lows. And the rise on Friday comes on back of rising volumes. Going forward, Nifty has next psychological resistance at 5,000 mark. On the downside, 4,730 is the support.``
Rakesh Goyal, sr.vice president, Bonanza Portfolio:
``Value buying enabled Nifty to recover its losses today however, sentiments remains cautious on both global and domestic developments. Markets have become highly volatile both on account of global developments and domestic events. Further downside cannot be ruled out. Upside resistance exist at 4,950.``
Sharmila Joshi, head equity, Fairwealth Securities:
``Support for Nifty stands at 4,834-4,768 levels while resistance now comes at 4,873-4,920 levels. Investors would also keep an eye on US Factory Orders to be released by the commerce department today evening in the US.``
GEPL Capital:
``Nifty opened highly negative but bounced back from sub 4,800 levels to erase all its losses and concluded at 4,891. After several days now there are some initial signs of strength, however as long as Nifty is unable to cross the level of 4,960 the change of trend to positive cannot be confirmed. In the immediate term, now the level of 4,800 would serve as a support for Nifty. If Nifty manages to sustain above 4,800 and clear the level of 4,960 then we may see further upside till at least 5,120. However in the absence of such confirmation of a break out above 4,960, we still advise refraining from long positions. On the downside if Nifty breaches the level of 4,800 then we may see further fall till 4,700 to 4,650 levels.``
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Alex K Mathews, head technical and derivatives research, Geojit BNP Paribas:
``Nifty bounced backed from the key support level below 4,800 and closed for the week without losing much. Nifty is having resistance at 4,937, 4,982 and 5,056 while the support is there at 4,817 and 4,743 levels. US futures gained ahead of Facebook Inc debut and G-8 meeting. Europe is expected to remain subdued to weak and the global markets will overlook them till the new election results.``
Milan Bavishi, head research, Inventure Growth & Securities:
``Nifty closed the week with a strong recovery from the weekly lows. And the rise on Friday comes on back of rising volumes. Going forward, Nifty has next psychological resistance at 5,000 mark. On the downside, 4,730 is the support.``
Rakesh Goyal, sr.vice president, Bonanza Portfolio:
``Value buying enabled Nifty to recover its losses today however, sentiments remains cautious on both global and domestic developments. Markets have become highly volatile both on account of global developments and domestic events. Further downside cannot be ruled out. Upside resistance exist at 4,950.``
Sharmila Joshi, head equity, Fairwealth Securities:
``Support for Nifty stands at 4,834-4,768 levels while resistance now comes at 4,873-4,920 levels. Investors would also keep an eye on US Factory Orders to be released by the commerce department today evening in the US.``
GEPL Capital:
``Nifty opened highly negative but bounced back from sub 4,800 levels to erase all its losses and concluded at 4,891. After several days now there are some initial signs of strength, however as long as Nifty is unable to cross the level of 4,960 the change of trend to positive cannot be confirmed. In the immediate term, now the level of 4,800 would serve as a support for Nifty. If Nifty manages to sustain above 4,800 and clear the level of 4,960 then we may see further upside till at least 5,120. However in the absence of such confirmation of a break out above 4,960, we still advise refraining from long positions. On the downside if Nifty breaches the level of 4,800 then we may see further fall till 4,700 to 4,650 levels.``
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Saturday, May 12, 2012
nifty prediction next week may 14 2012
nifty prediction next week may 14 2012, nifty technical Analysis prediction next week may 14 2012 : The markets ended lower for the third straight week, amid global economic worries. The Sensex trended lower during the week, and finally settled with a loss of 538 points at 16,293. In the process, the index has plunged nearly 1,100 points in the last three straight weeks.
Among the index stocks this week, Tata Power slumped nearly eight per cent to Rs 92.50. State Bank of India and Hero MotoCorp plunged around seven per cent each to Rs 1,852 and Rs 1,843, respectively. Sterlite Industries, Jindal Steel, Infosys, Sun Pharma, Tata Steel, HDFC Bank and Mahindra & Mahindra were the other major losers. On the other hand, Bajaj Auto, BHEL and DLF ended with gains in excess of three per cent each.
According to the monthly Fibonacci charts, the Sensex is testing the quarterly support around 16,235. If the index is able to sustain above it, we could see a counter-rally to 16,730-16,900 odd levels. However, if the index breaks below 16,235, then we could see the index slide to its next major support around 15,850.
The bears continued their domination on the Nifty, as the index failed to cross its near-resistance at 5,130 mentioned last week. The index touched a high of 5,125, and then broke the psychological 5,000-mark, as it tumbled to a low of 4,906. The Nifty ended with a loss of 158 points at 4,929.
Select momentum indicators, such as the Relative Strength Index and the Stochastic Slow, are in oversold territories. Hence, the index looks due for a bounce in the near term. Similarly, the short-term (20-week moving average) has crossed the medium-term (50-week moving average) on the weekly charts, which again is a positive sign. However, the index is below its short- and medium-term weekly moving averages, which can neutralise the above effect.
The near-term bias is likely to remain bearish as long as the Nifty sustains below 4,940, the lower end of the Bollinger Band. Going ahead, one should expect support for the Nifty around 4,815, which is the long-term (200-week moving average).
Bulls can be active either around the support levels of 4,815 or on a sustained trade above 4,940. Next week, the Nifty is likely to seek support around 4,845-4,795, while face resistance around 5,010-5,065.
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Among the index stocks this week, Tata Power slumped nearly eight per cent to Rs 92.50. State Bank of India and Hero MotoCorp plunged around seven per cent each to Rs 1,852 and Rs 1,843, respectively. Sterlite Industries, Jindal Steel, Infosys, Sun Pharma, Tata Steel, HDFC Bank and Mahindra & Mahindra were the other major losers. On the other hand, Bajaj Auto, BHEL and DLF ended with gains in excess of three per cent each.
According to the monthly Fibonacci charts, the Sensex is testing the quarterly support around 16,235. If the index is able to sustain above it, we could see a counter-rally to 16,730-16,900 odd levels. However, if the index breaks below 16,235, then we could see the index slide to its next major support around 15,850.
The bears continued their domination on the Nifty, as the index failed to cross its near-resistance at 5,130 mentioned last week. The index touched a high of 5,125, and then broke the psychological 5,000-mark, as it tumbled to a low of 4,906. The Nifty ended with a loss of 158 points at 4,929.
Select momentum indicators, such as the Relative Strength Index and the Stochastic Slow, are in oversold territories. Hence, the index looks due for a bounce in the near term. Similarly, the short-term (20-week moving average) has crossed the medium-term (50-week moving average) on the weekly charts, which again is a positive sign. However, the index is below its short- and medium-term weekly moving averages, which can neutralise the above effect.
The near-term bias is likely to remain bearish as long as the Nifty sustains below 4,940, the lower end of the Bollinger Band. Going ahead, one should expect support for the Nifty around 4,815, which is the long-term (200-week moving average).
Bulls can be active either around the support levels of 4,815 or on a sustained trade above 4,940. Next week, the Nifty is likely to seek support around 4,845-4,795, while face resistance around 5,010-5,065.
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Monday, April 30, 2012
Nifty stock outlook may 2 2012
Nifty stock outlook may 2 2012, Nifty chart outlook ; The Indian stock markets had a positive outing on the bourses on the last trading day of the month of April and ahead of the market holiday tomorrow may 1 2012. After opening in the green, markets remained in the positive zone for the entire session today.The indices recovered from the day's lows towards the end of trade, but still closed well in the positive. While the BSE-Sensex closed higher by around 131 points (up 0.8%), the NSE-Nifty closed higher by around 39 points. The BSE MidCap and BSE Small cap, also had a good day. The smaller indices closed higher by 0.7% and 0.6% respectively. IT and Oil and gas were the top gainers. Consumer durables and FMCG were the only indices to close in the red.
how the markets will perform tomorrow, May 02. The same are as follows:
Shanu Goel - Sr. Research Analyst-Bonanza Portfolio:
This week results of HUL, Hero Motocorp, Bharti Airtell, BOB and Corporation bank are due which could influence the market trend. Apart from the quarterly results, Production data of core sector for the month of March is also due this week, which could influence the short term trend of the market. Important support exists at 5,130-5,125 levels.
Milan Bavishi - Head Research- Inventure Growth & Securities:
In the near term, Nifty (spot) has resistance at 5,450 and supports lie at 5,130 levels. The bias is positive.
Sharmila Joshi - Head Equity, Fairwealth Securities:
The support for Nifty is at 5,100 levels and the resistance now at 5400 levels. Investors would be closely eyeing the personal income data to be released in the US today evening. On domestic front, Century Textiles and Bharti Airtel are among the prominent companies which would be declaring their results on Wednesday.
Puneet Kinra - Sr. Technical Analyst-Bonanza Portfolio:
Nifty is trading in 5,150-5,250 zone and Nifty also has good support at 5,120 levels. Until, decisive breakout or breakdown occurs, volatility may be continuing in this zone. Directional price movement may be seen if Nifty decisively maintain above 5,250 or below 5,150-5,120 zone. Traders should be cautious in this zone. Traders should be cautious.
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