Nifty outlook for 31st Oct 2008

This is a EOD chart of Nifty. Nifty gave a good bounce this week. CCI has a bullish Mittens Ghost in both 14 CCI and 50 CCI. If Nifty breaks 2800 on upside, we can see 3000.

FUNDS OUTFLOWS GETTING REDUCED ?

From this chart , we see that there is a rising wedge(bearish formation). It can correct to Rs 47. Is this indicating a fall in fund outflow from India(stock market)?

GOLD WORTH BUYING ?

DIWALI NEAR ALL WANT TO BUY GOLD . WE SUGGEST BE OUT FROM THIS SEEING GLOBAL TURMOIL. GOLD CREATING EXPANDING TRIANGLE ANY BREAK OF 10800 WILL MAKE IT FALL TO 9200 -8800 LEVELS VERY FAST .SHORTERS WATCH 10800 LEVELS IN COMING DAYS .

REGARDS
NIFTYTREND TEAM

HINDALCO

TATASTEEL

Nifty for 21st Oct 2008

This is a daily Nifty chart. We can see that the Elder Force index(first upper panel) and the bear index(second panel orange bars) are showing a positive divergence with respect to price. Today there is a doji candle formation. Nifty looks good to go to 3387 once 3236 is broken. The support exists at 3050.

WILL There Be Diwali rally?

NIFTY VIEW 17.10.2008

Yesterday we bounced from 3100 and closed above 3225 on closing basis which is positive sign. But still we have huge resistance near 3392-3415.Till we cross that we will be neutral to the market.One can accumulate high dividend yielding stocks like tisco , idfc ,sci on every decline .

regards

nifty trends team

Nifty outlook for 16th Oct

As seen from daily chart. Nifty is at lower end of the channel. If Nifty break 3225 then we are headed for 3000 and 2800 levels.

Nifty 14th Oct

As mentioned in weekly Newsletter, Nifty has moved up. RSI which is in down channel took support of the lower trendline. Now the upward targets expected is 4800(which was an earlier support) and even 4200 can be achieved if there is some positive newsflow.As always trade with SL

NIFTY VIEW 13th october

http://rapidshare.com/files/153465853/Niftytrends13oct.pdf.html


PLEASE COPY THE ABOVE LINK IN TO YOUR BROWSER TO FIND OUR MARKET ANALYSIS


REGARDS

NIFTYTREND TEAM

GAPS GAPS ALL AROUND GAP

WE HAVE CREATED 3 GAPS IN NIFTY AND NEITHER OF THEM GOT FILLED .

DOW WE HAVE PREDICTED IN OUR WORLD MARKET STUDY WILL FALL .NOW WATCH FOR 8275 FOR DOW IF THIS HOLD WE WILL SEE SOME SHARP PULL BACK OTHER WISE DOW GOING FOR ANOTHER 1000 POINT FALL.

TODAY WILL BE ACTION FULL DAY AS INFY RESULT AWAITED ALONG WITH IIP NUMBER AND INFLATION .

REGARDS
NIFTY TRENDS TEAM

GOLD DIWALI GIFT WORTH ?

GOLD MAKING BULLISG FLAG AND ONE CAN BUY GOLD ABOVE 13500 FOR TARGET OF 14000+

REGARDS
NIFTYTREND TEAM

Nifty 8th oct 2008

This is a hourly Nifty chart. We have already seen Nifty touch nearly 3500 as expected. Today we saw a very volatile trading session. I have a feeling Nifty can rally from here ...Wait a minute!! Bear market not over yet.. This will be rally in bear market. So let us see what Nifty is telling us. As seen from chart we see that RSI has give a breakout from triangle formation coupled with positive divergence. Macd histogram had given a positive divergence and Macd has given a buy. We feel that Nifty can rally to 3800. There is a gap above that. Nifty can try to fill that gap and touch 4000, may be by this month end(Diwali rally?). Keep a tight stop loss for all trades.

ICICI Bank 6th OCT

This is a daily chart of ICICI Bank. The stock has been very volatile in the recent weeks with heavy volumes being observed. As seen from chart, the stock is currently in a bearish downward channel with supports at 515( which has been broken) and 450. As the stock is coming down with volumes, better to avoid entry into this counter. Only if the stock breaks 515 and stays above it for a couple of days can one think of entering with target of 600. The lower support is at 450.

Nifty 6th OCT 2008

This is a weekly Nifty chart. Nifty is currently in a downward channel(Bearish). Price has tried many times now to break the 34 EMA which is acting as a resistance. As long as price is below that we can see lower levels. RSI is also in a bearish downward channel which indicates that Nifty is headed for 3600-3400 levels shortly.

ANALYSIS OF WORLD MARKET

http://rapidshare.com/files/151216202/weekly_report_4.10.pdf.html


PLEASE COPY THE ABOVE LINK IN TO YOUR BROWSER TO FIND OUR WORLD MARKET ANALYSIS


REGARDS

NIFTYTREND TEAM

NIFTY VIEW FOR 3.10.2008

WE HAVE GIVEN LAST WEEK SL FOR BULLS AT 4040.NOW NO NEW BUYS SUGGESTED UNLESS TREND IS CLEAR .MACD HISTOGRAM ALTHOUGH SHOWING POSITIVE DIVERGENCE .BUT WE WILL SUGGEST TO BE CAREFUL WITH LEVERAGE POSITION.

SUPPORTS:3880,3838, 3790,

RESISTANCE : 3992,4024, 4075



REGARDS
NIFTY TREND TEAM

RANBAXY

WE ARE GIVING VALUE BUY FOR TRADERS AND SHORT TERM INVESTORS WITH SL OF 230.RANBAXY HAS FALLEN AFTER DEAL NOW TRADING BELOW FAIR VALUE. SHORT TERM TARGET CAN BE 340-360