Nifty analysis

satyasajs · #21 9th April 2008, 11:48 AM

With the help of Elliott Wave Principle, I have carefully analysed that Nifty may eventually touch 3600.
pls post chart and support your arguement.

pramodvarmag · #22 10th April 2008, 08:25 AM

In the hourly chart of Nifty, Bollinger Band is converging gradually indicating the the volatility is cooling down and a sharp movement is possible in coming days. The direction should be decided. For the time being we are looking to 4700, 4680, 4630 levels as a supporting platform for an immediate upward movement. 4630 is a very crucial level. 4740, 4775, 4800 are the resistance levels. Breaking of 4800 can be triggered to a rally till 4900. Banking stocks should be watched.

US markets corrected more. Dow Jones lost another 49 points, but could find support above 12450 which is crucial one. Asian markets are moving mixed in this morning and major indices are down.

Nifty April 2008 futures were at 4748, near the spot price of 4747.05.

The NSE's futures & options (F&O) segment turnover was Rs 31,113.78 crore, which was lower than Rs 33,143.36 crore on Tuesday, 8 April 2008.
NSE market breadth was positive. Advances:declines was 844:330

FIIs were net sellers for 307 crores in capital segment while DIIs bought for 475 crores, according to NSE provisional data.

NYMEX crude oil hits a new record high at $ 112.20 and closed at $ 110.87 a barrel.

INdian ADRs closed mixed with a negative breadth at NYSE.

pramodvarmag · #23 10th April 2008, 08:32 AM

Quote:

Originally Posted by satyasajs

With the help of Elliott Wave Principle, I have carefully analysed that Nifty may eventually touch 3600.
pls post chart and support your arguement.

Hi Satyasajs,

My analysis on the basis of momentum indicators and moving averages and it is for a short term period, not for a long time frame. I just share my views here and not to argue with...

Kindly post your analysis here.

pramodvarmag · #24 11th April 2008, 09:15 AM

Yesterday, in the last hour of the trade, indices surrendered all their day's gain and closed in a negative territory. As the short term supports are unbeaten, the strength to survive is remaining. As we discussed early, 4680 and 4630 are the expected demand levels. Standing stable on this platform, Nifty may try to move up. the decisive hurdle is at 4800 which one should be broken to move quickly to 4835 and then to 4900.

US markets recovered. Dow Jones could add 54 points to previous day's closing, likely found a ground at 12500. The same trend was seen in other US indices and also in the Asian markets in this morning. Nikkei is in green zone with a a gain of 272 points. Hangseng added 150 points.

Nifty April 2008 futures were at 4714, at a discount of 19 points as compared to spot closing of 4733.

The NSE's futures & options (F&O) segment turnover was Rs 33,689.60 crore, which was higher than Rs 31,113.78 crore on Wednesday, 9 April 2008.

NSE market breadth was positive. 699:472

FIIs were net sellers for 462 crores and DIIs bought for 594 crores in capital segment, according to NSE provisional data.

NYMEX crude oil at $ 110.11 a barrel.

Indian ADRs were mixed. Technology stocks are the gainers.

mega68 · #25 15th April 2008, 08:13 PM

4904, close in spot is decisive
I feel that close above 4904 is very critual for the next move in NIFTY. eventhough features has cross the fab retracement level. Nifty index has to cross the critual level of 4917 and close above 4904regards,
selvakumaran

sudoku1 · #26 15th April 2008, 09:27 PM

mkts witnessing time wise correction........had fallen far before time & hence the mismatch being corrected.......a break below 14650 (recent lows ) seems possible unless 17775 is not taken out.....a gap on the daily charts (aug 2007)is still unfilled .......mkts in 'HOPE' mode from 'GREED' earlier.........
'FEAR' mode b knocking anytime soon.....
in a nutshell....17775 very crucial for med term revival

pramodvarmag · #27 16th April 2008, 09:01 AM

As expected, when Nifty found stability above 4800 level, it could hit the target of 4900 by nonstop. Uptrend may continue in the market. Some profit taking may be seen at 5000 levels. Immediate support for index is at 4860 and 4835 levels. 4940 and 5000 are the resistance levels.

US markets recovered after two days of falling. Dow added 60 points and closed above the 50 days moving average. Asian markets except China are also in the green zone. Nikkei has a gain of 184 points in morning session.

Nifty April 2008 futures were at 4914.90, at a premium of 35.25 points as compared to spot closing of 4879.65.

The NSE futures & options (F&O) segment turnover was Rs 46,369.75 crore, which was higher than Rs 41,003.92 crore on Friday, 11 April 2008.

Market breadth was strong. NSE advances:declines was 850:353

FIIs' activity was very low. Their net disinvestment is capital segment was for 56 crore according to NSE provisional data.

Crude oil at NYMEX at new record price - $ 113.90 a barrel

All indian ADRs in gain at NYSE. Technology stocks are out performers yesterday in the light of the results from Infosys.

pramodvarmag · #28 17th April 2008, 09:00 AM

In the line with strong global cue, Indian markets are likely to open gap up. The stability at above 4950 level of Nifty spot will give further momentum to achieve 5000 which is a crucial level to cross convincingly to maintain the medium term uptrend in the charts. The immediate support is at 4860. As today, the last trading day of the week, let us see whether the traders do make fresh commitments.

Dow Jones of US indices gained 256 points with strong results from corporates. Nikkei in the morning session has a gain of 306 points and Hang seng up by more than 500. All quotes of Asian markets are shining in green in this morning.

Nifty April 2008 futures were at 4888.15, at a premium of 0.85 points as compared to spot closing of 4887.30.

The NSE's futures & options (F&O) segment turnover was Rs 39,646.97 crore, which was lower than Rs 46,369.75 crore on Tuesday, 15 April 2008.
Market breadth was strong in NSE. Advances:declines were 842:338

Both FIIs and DIIs were net sellers in capital segment for 49 crores and 90 crores respectively, according to NSE provisional data.

Crude oil price hit $ 115 a barrel yesterday at NYMEX

Indian ARDs closed in green at NYSE. Banking, IT stocks performed well.

uasish · #29 17th April 2008, 09:20 AM

Crude $ 115.00 ,wow should have to Trade these things.

pramodvarmag · #30 21st April 2008, 08:54 AM

The CRR hike from RBI may not make much impact in market. The opening may be some volatile, but finally bulls may take control the market. The decisive support level is 4930 of Nifty and the next is at 4880. If close above 5000 today will give more upside in the market.

Dow Jones added 228 points and and agave a break out in end of day charts. Asian markets are also in an uptrend as Nikkei added 221 and Hangseng up 600 points.

Nifty April 2008 futures were at 4963, at a premium of 4.60 points as compared to spot closing of 4958.40.

The NSE's futures & options (F&O) segment turnover was Rs 42,461.28 crore, which was higher than Rs 39,646.97 crore on Wednesday, 16 April 2008.

NSE market breadth was positive. Adv : Dec 947:242