Technical Problem.

Because of some technical problem blog posts are paused for some days, We will continue updates soon.

Bullish run continue ? ? ?

Huge buying interest over heavy weights took Indian Indices above the resistance line following positive cues from the European markets, Yesterday Indian Indices closed in green SENSEX closed at 17616, up 153 points and Nifty at 5274, up 41 points from the previous close.

The Us markets closed almost flat & The Asian markets are trading rangebound.

In today's session NIFTY may get support at 5230 and expected to continue buying trend. However, it has a resistance around 5315 and expected to test 5335 in the bullish run. Traders are suggested to buy at dip.

Now technically bullish run may be continue till 5400-5450 in short to medium term.

Watch out for Annual general meeting of Reliance Industries Ltd. Expected volatility in Reliance shares.

Trade with strict stop loss.....

Yesterday market traded both side but ended in green. SENSEX closed at 17462, up 50 points and Nifty at 5233, up 11 points from the previous close.

Global cues are flat so we expect almost a flat opening for Indian Indices.

Not much changed, Levels are same as mentioned in previous post. In the today's session, Indian indices may see some profit booking at higher levels. 5260-5280 and 5310 may act as a resistance in NIFTY while 5190 is a good support level. Traders are suggested to trade with strict stop loss. And Investors should wait.

Not any stock view because we have some Internet problem. ( Again RELIANCE :P ).

Be Stock specific......

After a choppy trading session yesterday market closed in green led by rallies in REALTY, PSU, STEEL and FMCG stocks . Sensex closed at 17412, up 74 points and Nifty at 5222, up 24 points from the previous close.

The US markets closed in positive zone, The Dow zones closed at 10404.77, Up by 213.88 points, Nasdaq closed at 2305.88, up by 61.92 points, S&P 500 closed at 1115.23, up by 25.60 points from the previous close.

The Asian markets are trading in green.

In today's session market is expected to attract buying at little dip. However 5190-5150 may act as a good support level; at upper side 5280 and 5310 are resistance levels. Intraday traders are suggested to buy at declines as long as NIFTY trades above 5190.

Market is at resistance zone so be stock specific or wait for dips.

STOCK TO WATCH:

PUNJLLOYD: Buy around 120-121.5 with sl below 116 for tgt 127-130.

Also watch BOMDYEING above 530, and IOB above 104 for a quick movement.

Ride the momentum but with a stop profit strategy....

Yesterday was a good day of trade for the market, METALS, IT and OIL-GAS heavyweights attracted huge buying with positive cues from ASIAN and EUROPEAN market. Indian indices closed on a strong note. SENSEX closed at 17338, up 273 points and Nifty at 5197, up 78 points from the previous close.

The US markets closed with marginal losses. The Asian markets are trading with negative bios.

Market given a good bounce as we mentioned at every dip in our previous posts and also given msgs on yahoo messenger.Now one can ride the momentum for a while more, but with a stop profit strategy in place, because after a speed full bounce a sharp correction is expected.

In today's session Nifty may get a good support near 5140 while upper side resistance is 5225, If it crosses then Nifty can touch 5250-5290 levels. Traders are suggested to buy at dips and ride the momentum.

5190-5200 levels to watch......

On Friday strong IIP number and positive global cues helped Indian Indices to trade positive throughout the day. And Indian Indices closed in green, following buying interest in Oil & gas and Banking stocks. The SENSEX closed at 17064, up 142 points and Nifty at 5119, up 40 points from the previous close.

The US markets closed in positive terrain and the Asian markets are trading in positive so we expect a higher opening for today's session.

In today's session 5190-5200 zone may act as a major resistance for Nifty; if sustained above this level, fresh buying is expected. However, traders are suggested to stay on sell at gains strategy as long as NIFTY is below 5190. 5075 and 5040 are good support levels.

Keep trailing stop loss.....

Positive global cues with continuous buying in Auto, Capital goods & Power stocks took Indina Indices for good gains. And after a positive opening market maintained their up side journey, SENSEX closed at 16922, up 264 points and Nifty at 5078, up 78 points from the previous close.

The US & Asian markets are trading at higher.

In today's session Nifty may face resistance around 51120-5165 levels, while 5045 and 5000 may act as a good support levels. Traders are suggested to stay long only as long as Nifty sustains above 5010-5020 levels, and also remain cautious below 4950 level.

In Short term Nifty may face resistance around 5190-5200, Index traders who bought at lower levels keep booking profit and trailing stop loss.

Volatility remain,,,,, Trade less or Wait for dips......

Yesterday was a volatile session and market not able to sustain at higher levels because of profit booking at up side. Finally INDICES closed with marginal gains. SENSEX closed at 16657, up 40 points and Nifty at 5000, up 13 points from the previous close.

The US markets fail marginally and asian markets are trading mixed.

View is remain same now Buy on dips and Book at higher side, because of volatility traders are suggested to trade less or wait for dips. 4945 (Spot Nifty) is a good support level for Nifty; at higher side 5050-5075 levels may react as resistance level for Nifty. Same strategy Buy at dips and book on rise. Buy Nifty in parts around 5000-4950 and book around 5045-5065.

Bounce back expected ! ! ! !

A flattish opening, range-bound trade and a negative close, Over all experience of Yesterday's market. Weak global cues again put selling pressure over Indian indices and market closed on negative note, Sensex closed at 16617, down 163 points and Nifty at 4987, down 46 points

from the previous close.

In today's session 4945 (NIFTY SPOT) may act as a good support level for NIFTY. If sustains below 4945 NIFTY may face more selling pressure, and at up side resistance levels are 5050 and 5075 levels. Strategy is same Buy at dips and Sell at gains. Buy Nifty around 4950-5010 and Book around 5040-5050 levels.

Metal sector can give a bounce back with market keep watch on TATA STEEL.

Not much to say.....

Yesterday on the back of weak global cues from ASIA, EUROPE and US markets Indian Indices start with a gap-down opening and traded in negative zone and the Indices closed with big losses. SENSEX closed at 16781, down 336 points and Nifty at 5034, down 101 points from the previous close.

The US markets closed in negative terrain and The Asian markets turned positive after a negative opening.

Today a range bound market expected, Nifty may face resistance around 5060-5085 while 4940-4960 may act as a strong support zone. However traders are suggested to follow the strategy of

selling at gains. And Investors can buy Nifty and fundamentally good stocks at dips.

Crucial Week for Market ? ? ?

After a low opening Indian Indices traded in positive territory supported by European markets and closed in positive terrain. SENSEX closed at 17117, up 95 points and Nifty at 5135, up 25 points from the previous close.

Global cues are weak, The US markets closed in negative terrain and the Asian markets are also trading in red zone.

In our last post we mentioned to book profit and also on yahoo messenger given msg- "We advise u to reduce Leverage position near 17200-17250 zone, And dont buy much.. Time to Relax" and Friday was a strong trading day but Nifty failed to cross the crucial level 5150. Now traders are suggested remain cautious of this crucial level. NIFTY may attract selling pressure if failed to sustain above 5150. HOWEVER, 5225 may act as a resistance while 5060-5025 would be a good support level. Traders are suggested to avoid long position as long as NIFTY is trading below 5150.

Week ahead crucial for markets because IIP Numbers, US unemployment data, Monsoon and new announcements from Germany are expected this week.

Opportunity to take partial profit !!!!

After a gap-up opening on the back of strong global cues Indian Indices traded positive through out the day and closed in positive zone. The Sensex closed above 17k level at 17022.33, up by 280.49 points and Nifty closed above 5100 level at 5110.50, up y 90.65 points from the previous close.

The US markets closed flat and The asian markets are trading marginally down.

When Nifty makes a low around 4786 and Snesex at 15960, we mentioned "

Start accumulating....."

and its time to Invest and we expect a bounce back and Sensex now at 17k+ and Nifty above 5100 :).... If you Bought Nifty at lower levels then should book profit now.

Closing above 5100 level is a strong sign for market, Now Nifty (Spot) can take support around 5075 and 5040 levels while 5140-5165 are resistance zone for Nifty. Nifty may trade between 5040-5165 range. Last trading day of the week, so it may make sense to take partial profit and stay light, Traders are suggested to book partial profit at higher levels and Buy at dips. Auto & Banking sector expected to remain bullish.

Range bound market, Waiting for direction........

Yesterday Ignoring weak global cues Indian Indices traded in range bound and gave an upside movement in the final hour of the session with huge buying activity over TELECOM, CEMENT and AUTO SECTOR. SENSEX closed at 16741, up 169 points and Nifty at 5019, up 49 points from the previous close.

The US Stocks rallied and closed in positive terrain, The Dow jones closed at 10249.54, up by 225.52 points, Nasdaq closed at 2281.07, up by 58.74 points, S&P 500 closed at 1098.38, up by 27.67 points from the previous close.

Now 4945 is strong support for Nifty and at upper side it may take resistance around 5080, Nifty is expected to trade in 4945-5080 range. If Nifty sustain above 5080 then it can touch 5135-5175, otherwise we expect selling pressure around this level. Traders are suggested to book profit at higher levels, and buy on dips with strict stoplosses. Investors can look for fundamentally strong stocks at dips. Monssons on time will further help for Indian market.

STOCK for Watch:

BHARTI AIRTEL if sustain above 275 then it can touch 285-295 in near term.

TCS watch for quick movement.

VIJAYA Bank looking good for short term.

Global Cues decide the trend ? ? ?

On the back of weak global cues yesterday Indian Indices faced heavy selling pressure over heavyweights in METALS, REALITY and BANKING stocks, which led Indian indices to close with huge, loses. SENSEX closed at 16572, down 372 points and Nifty at 4970, down 116 points from the previous close. Yesterday Sensex low was 16318 because of a freak trade in Index heavyweight Reliance Industries Ltd.

The US market closed weak, The Dow jones closed at 10024.02, down by 112.61 points, Nasdaq closeda at 2222.33 down by 34.71 points, S&P 500 closed at 1070.71 down by 18.70 points the previous close.

The Asian markets are trading mixed.

In today's session Nifty may take support around 4945 and 4900 levels, and at up side Resistance around 5005-50025. Traders are suggested to follow the strategy of selling at gains. BANKING and FINANCE along with METAL stocks may face heavy selling pressure. ENERGY and CAPITAL GOODS stocks may show some strength. Global cues will decide the trend, take caution until there appears to be some clarity over Eurozone crisis and the china factor.

Trail stop losses.....

Yesterday Indian market started with selling pressure but later GDP numbers announcement which was matched with the expectations pulled market at higher levels and after a volatile session market closed near the day's high with marginal gains. SENSEX closed at 16944, up 81 points, and nifty at 5086, up 19 points from the previous close.

The Asian markets are trading weak.

In today's session Nifty is expected to trade in 5000-5120 range. Short term Resistance for Nifty is around 5085-5100. Traders are suggested sell at gains as long as Nifty is trading below 5135.

Investors are suggested to book profits at higher levels and trail stop losses and Buy again on dips.

Stock for watch:

IFCI looking good for shor term.

Hero Honda above 1950 can give a quick move.

Andhra Bank if crosses above 139 can give a sharp up move.