Market Views for 12th Jan 09

Market will have high resistance as it tries to scale old highs. Suggested trade will be trade those resistances for your short for the day. One important thing that we have to note is that we closed at the support point and watch out for that point as a bouncing point. Nifty supports lie at 2856 2840 2820. Upside resistance will be 2885 2930.

"Have a nice trading day"

Market Views for Jan 9th

After a short period of uptrend the charts have now a clear trend reversal, yes bears put on your shoes and get your glows and get ready to enjoy the ride. Support for Nifty spot on a closing lies at 2920 , 2860 , 2755. Support of nifty intraday spot now lies at 2910 2880 2840. Resistance on the upside for nifty will be 2940 2980 3010 3056.

"Have a nice trading day"

MARKET VIEWS 7TH JAN 09

NIFTY'S BOUNCE FROM THE LOW HAS SHOWN THERE IS SURELY SOME RESOLVE FOR THE UPMOVE. 3110 3090 FOLLOWED BY 3056 WILL BE THE INTRADAY SUPPORTS. RESISTANCE WILL BE 3130 , FOLLOWED BY 3155.

CLOSING BASIS SUPPORT FOR NIFTY WILL BE 3075 LEVELS AND CLOSING BASIS RESISTANCE WILL 3150.

MARKET VIEW FOR 6TH JAN 09

NIFTY AS I SAID YESTERDAY IS ON ITS WAY TO 3150 OR IS IT ...WELL LETS SEE.... INTRA NIFTY SUPPORT WILL BE AROUND 3090 LEVELS. ABOVE 3150 CLOSING BASIS ....MY CHARTS SAY 3235 AND 3280 AS THE NEXT TGTS. ONE THING IS SURE THERE WILL BE SHORTERS AT EVERY NEW HIGH HOPING TO PLAY THE NIFTY RESISTANCE LEVELS. PLAY THE LEVELS IS MY ONLY RULE.

"HAVE A NICE TRADING DAY"

MARKET VIEWS FOR 5TH JAN 09

THE DAY WE ALL WERE ANTICIPATING FOR SOMETIME IS HERE.......... LETS SEE AT WHAT LEVEL WE ARE GOING TO CLOSE ....AS IM NOT GOING TO SAY WE ARE GOING TO HAVE BULLISH OPENING...... NOW ITS ALL ABOUT THE 3150 AND ABOVE SPOT CLOSING( A LEVEL YOUR POSITIONAL SHORTS(PEOPLE WHO HAVENT YET COVERED TO EXIT)...... CLOSING ABOVE THAT EXPECT 3240 AND 3450 IN SPOT . LETS SEE HOW THE DAY PANS OUT.

"HAVE A NICE TRADING DAY"

Market Views for 2nd Jan 2009

Nifty today showed a spurt from 2995 levels to 3015 leaving a gap of 20 points creating an the start of an inverted U. Most probably we should see nifty coming to 2995 -3000 levels tommorow before any upmove.

Otherwise we would be touching the resistance point of 3075 tommorow. As i said in the Blog as a "bling bling" for 2009 - Gitanjali Gems and Jewels, you can accumulate this stock with a medium term veiw.

"Have a nice trading day"

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