NIFTY OUTLOOK FOR 01/10/2010 BY niftysign.blogspot.com
STOCK MARKET AND NIFTY OUTLOOK FOR 1st OCTOBER, 2010
STOCK MARKET AND NIFTY OUTLOOK FOR 1st OCTOBER, 2010
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Daily 1-2 intraday Calls provided in nifty Options
Low investment and huge 20-50% returns daily basis
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Indian Market:
TODAY choppy session for the Indian market, ahead of F&O settlement, Flat global cues and Ayodhya verdict at 3.30 pm. Sensex and the Nifty is at the important psychological levels of 20000 and 6000 respectively. Today Select stocks in mid-cap space will outperform.
The most important thing, stay light and trade intraday with strict stop loss.
Nifty Futures were expected to test the rally highs because of the late momentum on the previous day and the positive state of Asian markets at the time of the opening. Nifty futures opened higher too as expected. However, the higher opening actually became a good ‘sell in to the rally’ opportunity by hindsight. ( As a consolation, the underlying index, Nifty almost reached the rally high at the time of opening . However, the current month futures contracts just recorded a high of 6075, just 3 points above the index high. ). The mild profit booking turned almost in to a full fledged sell off and futures closed below the previous day’s range. No intra day rallies were able to rise above 20 points from the lows during the day. Wednesday’s candle has engulfed the previous day’s candle, may be, indicating a trend change.
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AFTER LONG TIME FII’S STOP AGRESSIVE BUYING TODAY
AND BEARS TAKING SOME BREATH. SEPTEMBER SETILEMENT
AND AYOTHYA VERDICT ARE AWAITING.
WE EXPECT A HIGN VOLATILE AND
WIDE TRADING RANGE IN NIFTY AND
MARKET IN UPTO DEC.2010.
GOLDEN CHANCE TO EARN FROM NIFTY OPTIONS.
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IN NIFTY OPTIONS.
Technical Overview on Nifty (30th September ’10)