Market Update:

LITTLE HIGHER MARKET IN LINE WITH REST OF ASIAN MARKETS .....NOW FOR TODAY

5400 NF WILL ACT AS FIRST HURDLE OF BULLS...ON FALLS...5340 NF LAST HOPE SUPPORT OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS....WATCH

Market Update on 6th Sept

FLAT MARKET IN LINE WITH REST OF WORLD...AS ALL EYES ARE ON ECB MEET TONIGHT AROUND 10 PM WHERE DRAGHI WILL SPEAK ABOUT THE BOND BUYING PROG. OF EUROPE......NOW FOR TODAY

5220 NF WILL ACT AS LAST HOPE SUPPORT OF MARKET....WHILE ON BOUNCE 5280 NF ...FIRST HURDLE OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS....WATCH

Market Update on 5 sept

WEAK MARKET IN LINE WITH REST OF ASIAN MARKETS.......NOW FOR TODAY

5250 NF WILL ACT AS LAST HOPE SUPPORT OF BULLS...ON BOUNCE 5300 NF FIRST HURDLE OF BULLS

ALMOST SAME RANGE WHICH WE GAVE YOU YESTERDAY AND FULL DAY NEITHER BULLS NOR BEARS WERE ABLE TO BREAK IT ..SO UNLESS ANYONE OF THEM BREAKS IT...NO FURTHER MOVES ....WATCH

FII'S TODAY BOUGHT NET 304 CR NET IN CASH WHILE DII'S SOLD NET 105 CR IN CASH
FII'S IN F&O SOLD NET 318 CR IN INDEX FUTURES AND SOLD NET 406 CR IN STOCKS FUTURES

SO TODAY WAS THE DAY WHEN THOUGH FII'S LEND SOME SUPPORT IN CASH TO MARKET REASON WHY INDEX RECOVERED FROM LOWS OF 5258 NF WHEN WE GAVE YOU IN THE MORNING SUPPORT OF 5250 NF...AND IT DID HIGH OF 5304 NF BEFORE CLOSING AT 5302 NF.
NOW MOVING ONWARDS THOUGH LOT WILL DEPEND UPON GLOBAL CUES BUT FUNDS SUPPORT IS NEEDED TO KEEP THE MOMENTUM OF MARKET GOING CAUSE EVEN TODAY IF FII'S BOUGHT 304 CR IN CASH THEY SOLD 318 CR IN INDEX FUTURES AND 406 CR IN STOCKS FUTURES SO CLEAR THEY DO NOT POST MUCH BULLISH PICTURE...UNLESS IT IMPROVES TOO MUCH UPSIDE OF MARKET ON ANY RECOVERY IS CAPPED....WATCH

Market Update on 4th sept

LOWER MARKET ON EXPECTED LINES...AS US MARKET WAS CLOSED AND ASIA LITTLE WEAK...AND EFFECT OF SELLING FROM FII'S DII'S OF YESTERDAY......NOW FOR TODAY

5250 NF WILL ACT AS LAST HOPE SUPPORT OF BULLS...ON BOUNCE...5310 NF BULLS HURDLE

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS...WATCH

WEEKLY MARKET UPDATE AS ON MONDAY 03 rd SEPTEMBER 2012

NIFTY SPOT - (5258.5)

In our last weekly we had maintained a bullish stance with a stop loss of 5258.5 on a weekly closing basis. Contrary to our view, marke t traded with a negative bias throughout the week, but the bulls managed to close the week above our crucial level of 5258 and  salvage some pride. Even though the markets have closed above 5258, it now appears that the bulls have won the battle but have  lost the war !!! In the current week NIFTY has support @ 5194 - 5130 - 5030, while resistance can be aniticipated at 5322 - 5369 - 5386. We  will have a bullish outlook, only if the NIFTY closes above 5417 and will have a bearish outlook if the NIFTY closes below 5258.  If the NIFTY trades between 5417 - 5258, we should still have a bearish stance and use a sell on rallies strategies and look for  a bearish close below 5258 for further bearishness. Ideally in the current week NIFTY can post a small rally in the first 2 trading days to levels of 5293 - 5327. After this rally if the NIFTY breaks below 5238 then the NIFTY can fall down further to 5193 - 5130. A NIFTY weekly close below 5193 on or before 15th september  can take it to levels of 5130 - 5001 - 4873 by the end of september.

POSTIONAL TRADING CALLS 1. Sell REC @ 185-190. Stop loss 203. Time & price Target 160 on or before 5th / 25th september.

Market Update On 3rd sept

LITTLE HIGHER MARKET IN LINE WITH REST OF ASIAN MARKETS.....NOW FOR TODAY

5290 NF WILL ACT AS LAST HOPE SUPPORT OF BULLS.....ON BOUNCE 5350 NF FIRST HURDLE OF BULLS

ONLY BREAKING THIS RANGE WILL SET FURTHER MOVES FROM BULLS OR BEARS....WATCH