23/10/08

Gold has came down to 720$,
crude oil down to 68$.,
Dollar at all time high of 49.80 .,
Dow Future trading +ve with +100 points.,
Europe traders CAC DAX FTSE trade lower to around 1 to 2% each.,

Today's VIX is at 55 range, which is at flat compared to yesterdays but intra high of 66.,
Open interest Percentage of 3000 put(3%) & 3000 call (102%) is at huge variation.,
PCR % is at 0.75.,
MACD indicates the oversold range but means to wait for invest.
RSI which indicates to have long in Nifty.
The Nifty Future Premium is at 18 points,

From the Todays Volatility, market has indicated there will be huge volatility seen in coming days. market will be volatile tomorrow with support at 2920 & resistance at 3030.

Market reaction is too bad to the traders & investors.
Today's VIX is 54.5 which is certain lower than yesterdays.
Tomorrow's trading will give us an trend line to predict for coming weeks.

The MACD is seen in oversold zone, where u have to wait for invest.
NIFTY may touch 2950 in coming days.
S1: 3030, S2: 2980, S3: 2920
R1 : 3071, R2: 3150, R3: 3220

I will be just giving ideas to mkt level in simple logarthms, In coming later months i will be be giving with accurate trend & market needs.

Here u could see that MACD which seems to be in Oversold range and market is bouncing back to it, &

RSI being seen at certain turn in it which keeps market moves certain upside.

I have been mentioning there is no reason for Nifty to break 3k immediately, therefore mkt can be seen bouncing smartly but not bullish,

Market will be in the RANGE BOUND for the coming weeks, don't see to market can bounce back immediately.

NIFTY will trade between 3000 - 3600 for coming weeks.

take care.

16/10/08

Bears & Bulls are actively playing & hitting each other.
"there is a slap from bears in the morning & it was returned to them by Bulls in the closing session" of today's market.

Market is in hand of Bears & , bulls try them to pull out by way of some energy(Recovery).

As of from today's Market we could find that there will be some positive sign in market with heavy volatile bcoz bears not able to break 10k mark in sensex.

Yesterday i have mentioned that there is no reason for quick cut of 3000 mark in Nifty, & it will follow.

Tomorrow market will be volatile with positive sign, with Resistance of 3300 immediate, & support of 3200 mark.

Again i am requesting not to pore money in this market.

15/10/08

As of my yesterdays message, market pulled down to 3300 level, where it created important support at this level.

There is some buying seen from FII in yesterdays market to 1700 cr & also some 3600 call writing seen, there will not be immediate downside to brake 3000 range.

Tomorrow Nifty will trade in negative bias with 3300 & 3270 as its support.

But our market only in bearish mode, no investment should pored in market.

14/10/08

Today After Opening Gap Up Market was sliding behind it resistance level of 3630 and later 3600, In Last Closed around 3520, which indicates that there is some selling behind the market seen yet.

Tomorrow Market could see with negative volatile thru out the day, with
SUPPORT at 3480 & 3450.

IMPORTANT SUPPORT LEVELS: 3325, 3230, 3140,
Once First support broken, u can go Short in NIFTY.
Market will be weak for the coming weeks which can touch even 9k mark in SENSEX & 2900-2600 mark in NIFTY.

( the above views on technical study reports)

Markets go into a tailspin on FII selling, globally negative sentiment

The Indian markets witnessed a complete sell-off during this week of trade, with the BSE Sensex losing 16%, while the NSE Nifty
lost over 14% on the back of continuous FII selling and extremely weak global cues. The week started on a bearish note, with the
Sensex losing 725 points on Monday on continuing negative global sentiment, doubts about efficacy of the US $700bn bail-out
plan and concerns about the contagion spreading to Europe. Tuesday saw a highly volatile session amidst news of market
regulator, SEBI's move to lift restrictions on the issue of P-Notes and the RBI's 50bp CRR cut. The eventual close was in the red
by over 100 points. Wednesday saw another negative session, with the Sensex losing around 367 points.
Over Wednesday and Thursday, seven global central banks including the US Fed, Bank of England, European Central Bank, Bank
of Korea and the Hong Kong Monetary Authority cut rates in a co-ordinated effort to prevent the credit crisis sparking a global
recession. This did not have any impact, with global markets closing lower. The Sensex followed suit on Friday, getting hammered
by over 800 points after a holiday on Thursday on account of Dusshera. This was the case, even as the RBI cut the CRR by a further
100bp, taking the total cut to 150bp. Over the week, the Sensex lost nearly 2,000 points, while the Nifty fell 538 points.
FIIs have sold a massive Rs4,858cr over the past couple of weeks (over US $1bn). Over the past five sessions of trade, they have
sold a net of Rs3,847cr (US $794mn), leading to this precipitous fall. Even as some good news came in the form of inflation falling
to 11.80% (11.99%) and crude prices falling below US $80/barrel, this was ignored. The week also saw commencement of the
2QFY2009 Earnings season, with Infosys announcing its numbers on Friday. The company's numbers were above expectations,
helped by volume growth and Rupee depreciation. But, the fact that it cut its Dollar guidance to reflect increasing global uncertainty
led to IT stocks losing ground. The IIP numbers for August came in at a dismal 1.3%, adding to the negative sentiment.