Nifty spot for today 31 march 2011
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NIFTY SUPPORT AND RESISTANCE(POSITIONAL)
Positional Support for NIFTY 5724 5685 5589 5536 5516 5487 5483 5454 . Positional Immediate resistance for NIFTY is 5815
Nifty levels for today, 14th March, 2011
STOCK INTRADAY TIPS
NIFTY INTRADAY LEVELS AND TRENDS FOR TODAY 1 MARCH 2011
Nifty trend was volatile on budget day and made an intraday high of 5477 and finally lost much of the gain and closed at 5333 with slight gain .
Nifty Trends and Levels for today 16 FEB
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Commdoity MCX intraday trends for today 15 feb
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GOLD-INTRADAY TREND - Buy is advised only above 20511.2 with a stop at 20279.2 Below 20229.2 go for sell and put stop at 20461
INTRADAY LEVEL OF ONGC
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Buy the share if open above 281.6 or above 285.6 with a stop at 272.5 Sell below268.5 or sell if open below 272.5
The best trading strategy today is to take a trading break revitalize your resources for a new week ahead on Monday: WWW.ASHOKSHARMA.CO.CC
Domestically inflation and corruption issue has shaken the credibility of the union government to carry out the reforms process ahead. The recent cabinet reshuffle has seen as the anti reform as the government is on defensive now.
Well today market will be choppy & volatile with some wild move in select stocks. A large number of companies in mid cap space will announce results ahead. So cherry picking in stocks is advised to make some quick buck. US market closed flat to negative after recovery from very low level resulting the weak opening of the Asian markets. A large number of results due today. So be stock specific in today’s trading. MARKET today will open flat and remain choppy in the first half. It will become volatile in the second half and face technical resistance at 5640, 5680 and support at 5560, 5540. The end session today will result in volatile market. Hence trade with alert eye and keep your stop handy. Trade light within your risk bearing capacity. Today’s mantra Diet trade. The best trading strategy today is to take a trading break revitalize your resources for a new week ahead on Monday.
MARKET OUTLOOK FOR DECEMBER 2010. ALL IZZ WELL FROM NOW ON: WWW.ASHOKSHARMA.CO.CC
An old Indian proverb when bad news comes they came thick and fast. This is the time to relook at portfolio and trading strategy, and the successful passing of this phase decide that whether your attitude is correct for share market or not. So my dear investors do the homework now.
Stock Market For Tomorrow 24-Nov
The market is now in a correction phase. The long term trend remains up. Nifty likely to face resistance around 6,000, if rallies and could find support levels at 5864-5830. The market is likely to remain volatile in view of expiry of derivatives due on 25th November.
A New Week and a New High Too … ?
Update on The Ultimate Momentum Signal – 20th Sept. 2010
Nifty futures made a phenomenal rally last week on the back of the relentless buying by FIIs. The market close was near the highs too. Now the question is whether the market will be able to sustain the last week’s run rate in this week too. Even though the Ultimate Momentum Signal system do not involve any forecasting or prediction of targets and it just keeps the positions as such until exited by the application of system rules, let’s revisit the post dated 16th September in which the immediate target was arrived at. According to the good old simple gap theory of the technical analysis, the target remains at the 4950 to 4960 area. And the market may reach the said target in the early part of the new week.
Finally, Bulls Take a Breather … !!!
Update on The Ultimate Momentum Signal – 17th Sept. 2010
Nifty futures opened at 5842, slightly lower than the previous day’s last traded price, on Thursday. As is common in strong bull markets, market immediately tried to test the previous day’s high. It reached the previous day’s high of 5875 and then started the sideways to negative trading before the monetary policy announcement by the RBI.
The RBI announced 25 and 50 basis point ( 100 basis points = 1 % ) hikes in the repo and reverse repo rates. ( Repo is the process through which RBI lends to the banks against collateral of government securities in the very short term and Reverse repo is the process through which banks can keep excess liquidity with the RBI in the very short term. )
Bull juggernaut yet to take a breather … !!!
Update on The Ultimate Momentum Signal – 16th Sept. 2010
The bull juggernaut, the possibility of which was envisaged by this blog as a mad scramble to get in to stocks if Nifty breaks above the eleven month old trading channel or another bout of irrational exuberance ( please see the posts dated 23rd Aug. and 9th Sept. 2010 ), continued on Wednesday too. The Nifty futures opened near Tuesday’s last traded price and immediately tried to test the previous day’s highs. It reached the high of 5875 before noon and traded in a narrow range to close at 5861.50 for the day. The Nifty futures have recorded gains in seven consecutive days. This raises the chances of a deceleration in the gains or a consolidation for one or two days. However, the markets may still continue to gain after the consolidation because of the very strong momentum seen in the charts.
Nifty Futures – Daily Chart
Now let’s try to calculate an immediate target to the current rally.
