Nifty analysis

renu daga · #31 21st April 2008, 08:58 AM

hello pramod,,,
i view nifty atleats reach 5050 and ,,,hault for abit correction an dthan if still holds teh trend line support tehn we can reach 5300

what usay,,iur views,.,

renu

mohith83 · #32 22nd April 2008, 12:51 AM

chk out this link for nifty analysis with elliot wave theory.

http://jkdstudycentre.googlepages.com/nifty

if any of you guys are expert in analysing corrections of elliot waves can have better ideas.

pramodvarmag · #33 22nd April 2008, 08:44 AM

Quote:

Originally Posted by renu daga

hello pramod,,,
i view nifty atleats reach 5050 and ,,,hault for abit correction an dthan if still holds teh trend line support tehn we can reach 5300

what usay,,iur views,.,

renu

corrections are necessary in this bull rally. The movements are influenced by the global cues. The broad market is in uptrend. The psychological importance is there at 5000 mark, which is needed to protect the current momentum. otherwise a 40-50 points may be lost in Nifty. The medium term trend is positive

pramodvarmag · #34 22nd April 2008, 08:45 AM

As expected market yesterday performed well and closed shop above 5000 mark in Nifty. This level is considered today as a very crucial one for the day's trend. Next support level is at 4960. The uptrend may continue on this support base. The next resistance is expected at 5100, 5125 levels.

US indices corrected a bit. Dow Jones down 24 points. All Asian market are in same line. Nikkei corrected 153 points and Hangseng down 230. Global markets are in threat of higher oil price. Crude oil hit a new record at $117.48 a barrel.

Nifty April 2008 futures were at 5045, at a premium of 8 points as compared to spot closing of 5037.

The NSE's futures & options (F&O) segment turnover was Rs 40,635.23 crore, which was lower than Rs 42,461.28 crore on Thursday, 17 April 2008.

Market breadth was very strong. NSE advances : declines was 959:248

FII's net buying was for 169 crores in capital segment, according to NSE provisional data

Indian ARDs closed mixed. Banking stocks gained, but technology was down.

********************

Hotpick:

Buy INDIACEM (CMP:188)

The stock has a good support at 175 level. The immediate support at 182. The counter is expected to move up to 196, 200,210 levels in short term.

pramodvarmag · #35 23rd April 2008, 09:07 AM

The decisive level 5000 is remaining crucial for Nifty. Market likely to continue its up move with considerably low momentum. The moving averages and momentum oscillators have signaled a pause in the strength in the up side momentum. 5100 and 5140 can be strong resistance for Nifty for time being. Crossing the 200 day moving average (5139.91 as on 22/04/08) can give further momentum in Market.

pramodvarmag · #36 24th April 2008, 08:53 AM

Nifty could not achieve 5100 and also the support is unbeaten. Market need a break out from the trading range is at 5000-5100 zone. 5K is remaining crucial. Market may be volatile as April F&O contracts expire today. With the positive global cue we may see a green opening in indices and may test 5100 during intraday trade. closing for the day is very important for the further action.

US indices recovered a bit. Dow could add 42 points after a volatile trade. All Asian markets are in green. China markets have gain of 8-9% in this morning.

Nifty April 2008 futures were at 5031, at a premium of 8.20 points as compared to spot closing of 5022.80. The April 2008 derivative contracts will expire tomorrow, 24 April 2008.

The NSE's futures & options (F&O) segment turnover was Rs 52,107.86 crore, which was higher than Rs 51,643.74 crore on Tuesday, 22 April 2008.

The market breadth was sightly negative. NSE Adv : Dec was 564:636

NSE provisional data says FIIs were sellers in capital segment on Wednesday 480 crores.

NYMEX crude at $ 118.30 a barrel

pramodvarmag · #37 25th April 2008, 09:00 AM

Nifty closed just below the crucial 5K. As on intraday chart of Nifty, index face major resistances at 5050 and then 5085. The hourly technicals gives some negative divergence. The expected support for Nifty is at 4960. Nifty likely to consolidate in the zone 4960-5085. To day as the final day of the week and inflation figures to be announced at noon, these factors can influence the market sentiment.

pramodvarmag · #38 30th April 2008, 08:12 AM

The immediate support for Nifty is expected at 5160, 5130 levels. The uptrend may continue to hit 5230, 5280. The action from RBI was in the line with market sentiment. The buying interest is expected to continue.

The Global markets are mixed. Us corrected a bit more. Dow lost another 39 points. But Asian markets are in green, except Nikkei which is down by 7 points in morning session. HSI (Hangseng Index) has lost 50 points. Other Asians are in gain.

FIIs were buyers in Capital segment for 232 crores and 403 crores was the net buying from domestic funds, according to NSE provisional data.

Nifty May 2008 futures were at 5217.40, a premium of 21.90 points as compared to spot closing of 5,195.50. Turnover in NSE's futures & options (F&O) segment spurted to Rs 41,819.49 crore, as compared to Rs 25,459.22 crore on Monday, 28 April 2008
______________________

Crude oil price came down to $ 115.63 a barrel.
Indian ADRs closed mixed at NYSE. Technology stocks were out performers.
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alpha.beta · #39 30th April 2008, 07:03 PM

those who r interested in T.A. can find very good article named "to be or not be an investor?" written by neowave analyst MILIND KARANDIKAR in OUTLOOK PROFIT's 18th april 2008's issue.

he has mentioned following points in his article.

1.impulsive move of 12 years from 1980 to 1992.

2.consolidation cycle of 11 years from 1992 to 2003.

3.a larger x wave that follows consolidation cycle is likely from 2003 to 2010

4.structurally,this x wave seems to be a double combination made of two patterns connected by
small x wave.

a-b-c-x-a-b-c

the first pattern of a-b-c took place from may 2003 to may 2006(36 monthes)

the small wave started from may 2006 to aug 2007 (15 monthes ,38.2 % of time frame of a-b-c).

wave a of second pattern took place from aug 2007 to jan 2008 and ended in five monthes.

wave b is in progerss.

5.he has also mentioned breach of aug 2007 low (i.e. sensex 13779, nifty 4002) before june 2008 shall confirm a long term bear market.

6.closing above march 2008 high 17227 will bring more liqudity & upward direction.

comments on above article from senior T.A. is expected.

sudoku1 · #40 30th April 2008, 08:39 PM

Quote:

Originally Posted by alpha.beta

those who r interested in T.A. can find very good article named "to be or not be an investor?" written by neowave analyst MILIND KARANDIKAR in OUTLOOK PROFIT's 18th april 2008's issue.
closing above march 2008 high 17227 will bring more liqudity & upward direction.
comments on above article from senior T.A. is expected.

though m not the senior in this field as i feel every session has something 2 b learned.
in my personal views i would b comfortable only on a close abv 17775 close on a med term basis from where real confidence can emerge in the mkts.
till then , the recent upmove should b taken as a pullback ......