Hi .
As i have asked to go long on friday many a person might think that my decision is wrong. But i still believe those who have bought on friday are either at their breakeven or at small loss which can easily come into profit.
The close on Monday on Nifty was above 5000 that still kept the hopes of pull back alive.
I am still maintaining my long position. As i have already mentioned while taking the position the person need to hold it for two to three trading session.I expect to see short covering rally tomorrow. But the main issue of not happening is very less support from the global cues.
But most of experts are bearish and giving advice for the sell but i am maintain my contra call :-
1:58 PM - In an F&O call, sell Nifty January futures with a target of 4950-4800 and stop loss of 5070, says Husseini Wadharia, technical analyst, on CNBC Awaaz
1:50 PM - In an F&O call, sell Nifty January futures with a target of 4950-4800 and stop loss of 5070, says Husseini Wadharia, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, sell Nifty January futures with a target of 4930-4980 and stop loss of 5010, says Jatindar Sharma, technical analyst, on CNBC Awaaz.
1:40 PM - In an F&O call, sell Nifty January futures with a target of 4938-4850 and stop loss of 5074, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.
1:36 PM - In an F&O call, sell Nifty January futures with a target of 4850 and stop loss of 5070, says Somil Mehta, technical analyst, on CNBC Awaaz.
Tuesday, January 26, 2010
Thursday, January 21, 2010
Market Outlook 22 Jan
Hi.
Market showed some volatility on 20th Jan and closed 3 points down on Nifty. There was no major bad signal for the next day and we saw some profit booking in some sectors.
But banking index saw huge short building. This is also because even India is waiting for the monterary policy annoucement.
But the Chinese monetary policy came as a big bad news that intaited the much waited trigger for the downfall. Today we saw the Nifty opening gap down and maintaining its downward journey through out the day. This gives very bad signal for tomorrow. Tomorrow also we will get gap down . We might see again some selling pressure. But i would like to add don't go short now.
As i have been giving cautious advices to maintain small lots so that in case of such unexpected situation we don't get trapped. As the stoploss would have got triggered for small lot quantity. I even maintained that there will be breakdown sooner then the later. Even the results of L&T helped in the same. Tomorrow big RIL result will going to come.
Wait for the market to correct and start the buying in later half of the day. If i feel the Nifty is not suitable for buying even in next half then i will update in the same post. So please keep tracking this post for tomorrow.
If you can take risk then buying at second half of tomorrow can be a good idea. But this call will be positional call and we need to call our positions atleast for next two to three trading session.
But i will say this is chance to add L&T in your portfolio for long term bet. Add it slowly . Soon i am also going to add new section or blog for the Fundamental analysis and long term goals. As many a person dont get enough time to track the market as a trader . Those can benefit from those articles.
Now the experts have a mixed feeling :-
1:59 PM - In an F&O call, buy Nifty January futures with a target of 5240 and stop loss of 5100, says Ashwani Gujral, technical analyst, on CNBC Awaaz.
1:55 PM - In an F&O call, sell Nifty January futures with a target of 5100 and stop loss of 5200, says Hitesh Seth, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, sell Nifty January futures with a target of 5000 and stop loss of 5210, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, sell Nifty January futures with a target of 5120 and stop loss of 5230, says Neera Jain, technical analyst, on CNBC Awaaz.
1:40 PM - In an F&O call, buy Nifty January futures with a target of 5250-5290 and stop loss of 5120, says JK Doshi, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5180-5200 and stop loss of 5070, says Nishant Jain, technical analyst, on CNBC Awaaz.
Market showed some volatility on 20th Jan and closed 3 points down on Nifty. There was no major bad signal for the next day and we saw some profit booking in some sectors.
But banking index saw huge short building. This is also because even India is waiting for the monterary policy annoucement.
But the Chinese monetary policy came as a big bad news that intaited the much waited trigger for the downfall. Today we saw the Nifty opening gap down and maintaining its downward journey through out the day. This gives very bad signal for tomorrow. Tomorrow also we will get gap down . We might see again some selling pressure. But i would like to add don't go short now.
As i have been giving cautious advices to maintain small lots so that in case of such unexpected situation we don't get trapped. As the stoploss would have got triggered for small lot quantity. I even maintained that there will be breakdown sooner then the later. Even the results of L&T helped in the same. Tomorrow big RIL result will going to come.
Wait for the market to correct and start the buying in later half of the day. If i feel the Nifty is not suitable for buying even in next half then i will update in the same post. So please keep tracking this post for tomorrow.
If you can take risk then buying at second half of tomorrow can be a good idea. But this call will be positional call and we need to call our positions atleast for next two to three trading session.
But i will say this is chance to add L&T in your portfolio for long term bet. Add it slowly . Soon i am also going to add new section or blog for the Fundamental analysis and long term goals. As many a person dont get enough time to track the market as a trader . Those can benefit from those articles.
Now the experts have a mixed feeling :-
1:59 PM - In an F&O call, buy Nifty January futures with a target of 5240 and stop loss of 5100, says Ashwani Gujral, technical analyst, on CNBC Awaaz.
1:55 PM - In an F&O call, sell Nifty January futures with a target of 5100 and stop loss of 5200, says Hitesh Seth, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, sell Nifty January futures with a target of 5000 and stop loss of 5210, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, sell Nifty January futures with a target of 5120 and stop loss of 5230, says Neera Jain, technical analyst, on CNBC Awaaz.
1:40 PM - In an F&O call, buy Nifty January futures with a target of 5250-5290 and stop loss of 5120, says JK Doshi, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5180-5200 and stop loss of 5070, says Nishant Jain, technical analyst, on CNBC Awaaz.
Tuesday, January 19, 2010
Market Outlook for 19 Jan
Hi ..
Sorry for not writing the previous days articles due to some issues.
As i have given the call to book profits in IT index those person would have made big profits in the IT index.
around 36% return in 4 days.
Rs 36000 is earned from Rs 1,00,000 . That is a big profit . I would say.
Today we saw some selling pressure and profit booking taking place. This is some what good for the index as it was in the overbot zone from some time. Now it has come out of that zone. Now going long on the Nifty can be a good idea. Even i am putting my bet on going long on Nifty.
In last few days we saw some good movement in Bank Index. I will also suggest a buy for the same. As you might have noticed banking was the sector which was in green when all other sectors falled.
So go long on Nifty and Bank Index this can give you some handsome returns. Keep the stoploss for Nifty at 5180 as it a very good support.
Most of the market experts also feels that market will go up from here:-
2:00 PM - In an F&O call, buy Nifty5300 call with a target of Rs 60 and stop loss of Rs 35, says Ashwani Gujral, technical analyst, on CNBC Awaaz.
1:54 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5175, says Rakesh Bansal, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5400-5425 and stop loss of 5200, says Nitesh Chand, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5220, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, sell Nifty January futures with a target of 5200 and stop loss of 5300, says Parsh Zaveri, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5230, says Hormuz Maloo, technical analyst, on CNBC Awaaz.
Sorry for not writing the previous days articles due to some issues.
As i have given the call to book profits in IT index those person would have made big profits in the IT index.
around 36% return in 4 days.
Rs 36000 is earned from Rs 1,00,000 . That is a big profit . I would say.
Today we saw some selling pressure and profit booking taking place. This is some what good for the index as it was in the overbot zone from some time. Now it has come out of that zone. Now going long on the Nifty can be a good idea. Even i am putting my bet on going long on Nifty.
In last few days we saw some good movement in Bank Index. I will also suggest a buy for the same. As you might have noticed banking was the sector which was in green when all other sectors falled.
So go long on Nifty and Bank Index this can give you some handsome returns. Keep the stoploss for Nifty at 5180 as it a very good support.
Most of the market experts also feels that market will go up from here:-
2:00 PM - In an F&O call, buy Nifty5300 call with a target of Rs 60 and stop loss of Rs 35, says Ashwani Gujral, technical analyst, on CNBC Awaaz.
1:54 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5175, says Rakesh Bansal, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5400-5425 and stop loss of 5200, says Nitesh Chand, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5220, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, sell Nifty January futures with a target of 5200 and stop loss of 5300, says Parsh Zaveri, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5230, says Hormuz Maloo, technical analyst, on CNBC Awaaz.
Friday, January 15, 2010
Market Outlook 15 Jan
Hi .
As expected market opened gap up . Retraced a bit but again closed firm but could not cross the resistance. Everything seems to +ve apart from not crossing the resistance. The inflation figures are quite high but market digest it pretty well;
In the earlier part of the day there was some profit booking in the IT companies so the IT index was down but later it covered and closed in the green. So the people holding it as per my last post is still enjoying the whooping gains. Today banks was in pressure . Bank Index closed in a bit of red.
If we get good global cues we might open in mild green but i expect profit booking tomorrow . So i will suggest all who are sitting in profit please book them.
Please be in the sideline as we can see the nifty can move in either way so be careful.
There are mixed feeling in the experts:-
1:57 PM - In an F&O call, buy Nifty January futures with a target of 5310 and stop loss of 5220, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5325 and stop loss of 5180, says Neera Jain, technical analyst, on CNBC Awaaz.
1:46 PM - In an F&O call, sell Nifty January futures with a target of 5320 and stop loss of 5210, says JK Doshi, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5200, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.
1:36 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5150, says Nishant Jain, technical analyst, on CNBC Awaaz.
As expected market opened gap up . Retraced a bit but again closed firm but could not cross the resistance. Everything seems to +ve apart from not crossing the resistance. The inflation figures are quite high but market digest it pretty well;
In the earlier part of the day there was some profit booking in the IT companies so the IT index was down but later it covered and closed in the green. So the people holding it as per my last post is still enjoying the whooping gains. Today banks was in pressure . Bank Index closed in a bit of red.
If we get good global cues we might open in mild green but i expect profit booking tomorrow . So i will suggest all who are sitting in profit please book them.
Please be in the sideline as we can see the nifty can move in either way so be careful.
There are mixed feeling in the experts:-
1:57 PM - In an F&O call, buy Nifty January futures with a target of 5310 and stop loss of 5220, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5325 and stop loss of 5180, says Neera Jain, technical analyst, on CNBC Awaaz.
1:46 PM - In an F&O call, sell Nifty January futures with a target of 5320 and stop loss of 5210, says JK Doshi, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5200, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.
1:36 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5150, says Nishant Jain, technical analyst, on CNBC Awaaz.
Thursday, January 14, 2010
Market Outlook for 14 Jan
Hi,
As expected market was weak on 12 th Jan . If you look at my post i mentioned Infosys will be trigger for the IT companies but i dont expect much from the Nifty. Infosys did good but Nifty closed in red . Even the traders who have maintained the short position from the level we intaited it they would have been in profit.
But today we got support a little lower then 5180 the support level and we bounced back and closed in the green. This is good signal and market can so more strength . So go long for tomorrow and cover if any shorts are left.
I mentioned to buy IT sector on infosys if some has went for the same then he could have got 239 points rally actually (400 point rally but if some has entered the results were declared after reading the articles he could have managed to gain 239 points as there was a huge gap up as expected).
Margin of 1Lakh giving return of 23900 in just two days . I am still bullish and mantain my call on hold for IT index. Let see how much can we from the single run. This provided a huge opputunity and people would have loved the same 24% return in 2 days.
Most of the analyst are now bearish but i will again be a contrarian and will give suggestion for the long:-
1:56 PM - Nifty F&O Call: Sell with target of 5130-5050 and stop loss of 5230, says Manoj Sachdeva, market expert, on CNBC Awaaz.
1:53 PM - Nifty F&O Call: Sell if Nifty breaks 5170 with target of 5100 and stop loss of 5250, says Parsh Zhaveri of Zhaveri Investments on CNBC Awaaz.
1:50 PM - Nifty F&O Call: Sell with target of 5150-5100 and stop loss of 5250, says Hitesh Seth of Prabhudas Lilladher on CNBC Awaaz.
1:47 PM - Nifty F&O Call: Buy with target of 5240-5250 and stop loss of 5150, says Mitesh Thacker, technical analyst, on CNBC Awaaz.
As expected market was weak on 12 th Jan . If you look at my post i mentioned Infosys will be trigger for the IT companies but i dont expect much from the Nifty. Infosys did good but Nifty closed in red . Even the traders who have maintained the short position from the level we intaited it they would have been in profit.
But today we got support a little lower then 5180 the support level and we bounced back and closed in the green. This is good signal and market can so more strength . So go long for tomorrow and cover if any shorts are left.
I mentioned to buy IT sector on infosys if some has went for the same then he could have got 239 points rally actually (400 point rally but if some has entered the results were declared after reading the articles he could have managed to gain 239 points as there was a huge gap up as expected).
Margin of 1Lakh giving return of 23900 in just two days . I am still bullish and mantain my call on hold for IT index. Let see how much can we from the single run. This provided a huge opputunity and people would have loved the same 24% return in 2 days.
Most of the analyst are now bearish but i will again be a contrarian and will give suggestion for the long:-
1:56 PM - Nifty F&O Call: Sell with target of 5130-5050 and stop loss of 5230, says Manoj Sachdeva, market expert, on CNBC Awaaz.
1:53 PM - Nifty F&O Call: Sell if Nifty breaks 5170 with target of 5100 and stop loss of 5250, says Parsh Zhaveri of Zhaveri Investments on CNBC Awaaz.
1:50 PM - Nifty F&O Call: Sell with target of 5150-5100 and stop loss of 5250, says Hitesh Seth of Prabhudas Lilladher on CNBC Awaaz.
1:47 PM - Nifty F&O Call: Buy with target of 5240-5250 and stop loss of 5150, says Mitesh Thacker, technical analyst, on CNBC Awaaz.
Tuesday, January 12, 2010
Market Outlook for 12 Jan
Hi .
The market today opened on strong note with the help of global cues. But today at the later part we saw some profit booking.
The result season has started. Infosys will declare their results tomorrow. Market will have a keen watch on that . If it comes as expected then dont expect much from the market . But if we get great result then we can see short covering in IT stocks. Today also we saw some buying coming in to the IT stocks. As it was most beaten down sector in last few days.
As i am maintain my view small caps and mid caps will perform in this market. We saw great buying coming up in midcap index . I will suggest to see the Infosys results first then act on the market.
But if market corrects from here then we can see huge amount of pressure in the midcap. So even if your investing in Midcap be sure to go for the scripts which have future potential. So play safe.
The experts are still bullish on the market:-
1:57 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5220, says Rohit Shinde, technical analyst, on CNBC Awaaz.
1:52 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Nishant Jain, technical analyst, on CNBC Awaaz.
1:47 PM - In an F&O call, buy Nifty January futures with a target of 5340 and stop loss of 5235, says JK Doshi, technical analyst, on CNBC Awaaz.
1:40 PM - In an F&O call, sell Nifty January futures with a target of 5230-5180 and stop loss of 5320, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5210, says Hitesh Seth, technical analyst, on CNBC Awaaz.
The market today opened on strong note with the help of global cues. But today at the later part we saw some profit booking.
The result season has started. Infosys will declare their results tomorrow. Market will have a keen watch on that . If it comes as expected then dont expect much from the market . But if we get great result then we can see short covering in IT stocks. Today also we saw some buying coming in to the IT stocks. As it was most beaten down sector in last few days.
As i am maintain my view small caps and mid caps will perform in this market. We saw great buying coming up in midcap index . I will suggest to see the Infosys results first then act on the market.
But if market corrects from here then we can see huge amount of pressure in the midcap. So even if your investing in Midcap be sure to go for the scripts which have future potential. So play safe.
The experts are still bullish on the market:-
1:57 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5220, says Rohit Shinde, technical analyst, on CNBC Awaaz.
1:52 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Nishant Jain, technical analyst, on CNBC Awaaz.
1:47 PM - In an F&O call, buy Nifty January futures with a target of 5340 and stop loss of 5235, says JK Doshi, technical analyst, on CNBC Awaaz.
1:40 PM - In an F&O call, sell Nifty January futures with a target of 5230-5180 and stop loss of 5320, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5210, says Hitesh Seth, technical analyst, on CNBC Awaaz.
Friday, January 8, 2010
Market Outlook for 8th Jan
Hi,
Today as expected we got some profit booking and correction. Yesterday i went for contra call, so call on going short worked for those traders went for that. For those traders who think market is still bullish even they would have benefitted buying Nifty at lower level after booking profit at higher levels. As i gave the call to book profit earlier only. Nifty continues to be in narrow range on daily basis. This is because of the reason we are the very crucial juncture. So bears and bulls are applying there powers. Whenever some ones wins and breaks a level we get some big moves.
Most of the market global cues were also -ve . Tomorrow we can expect a choppy session. As per the closing i will say that closing is below the res 5269. That is bad . Tomorrow global cues will be important for determining the direction of the market .Dow and Asian market will determine the direction. So dont be in a hurry to create the position.
This is the time to look for buzzing midcap that can good returns in small period of time. As most of the time broader market is doing good.
We can see good amount of pressure on the IT companies because of dollar weaking and profit booking.
As per market experts they market is still bullish :-
2:00 PM - In an F&O call, buy Nifty January futures with a target of 5290 and stop loss of 5180, says Neera Jain, technical analyst, on CNBC Awaaz.
1:56 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Nishant Jain, technical analyst, on CNBC Awaaz.
1:51 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5225, says Salil Sharma, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, sell Nifty January futures with a target of 5210-5130 and stop loss of 5305, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5225, says Salil Sharma, technical analyst, on CNBC Awaaz.
Today as expected we got some profit booking and correction. Yesterday i went for contra call, so call on going short worked for those traders went for that. For those traders who think market is still bullish even they would have benefitted buying Nifty at lower level after booking profit at higher levels. As i gave the call to book profit earlier only. Nifty continues to be in narrow range on daily basis. This is because of the reason we are the very crucial juncture. So bears and bulls are applying there powers. Whenever some ones wins and breaks a level we get some big moves.
Most of the market global cues were also -ve . Tomorrow we can expect a choppy session. As per the closing i will say that closing is below the res 5269. That is bad . Tomorrow global cues will be important for determining the direction of the market .Dow and Asian market will determine the direction. So dont be in a hurry to create the position.
This is the time to look for buzzing midcap that can good returns in small period of time. As most of the time broader market is doing good.
We can see good amount of pressure on the IT companies because of dollar weaking and profit booking.
As per market experts they market is still bullish :-
2:00 PM - In an F&O call, buy Nifty January futures with a target of 5290 and stop loss of 5180, says Neera Jain, technical analyst, on CNBC Awaaz.
1:56 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5170, says Nishant Jain, technical analyst, on CNBC Awaaz.
1:51 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5225, says Salil Sharma, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, sell Nifty January futures with a target of 5210-5130 and stop loss of 5305, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5225, says Salil Sharma, technical analyst, on CNBC Awaaz.
Thursday, January 7, 2010
Market Outlook for 7th Jan
Hi ..
As expected the market today showed a choppy session with profit booking. Yesterday only i mentioned it is time to book full or partial profit depending upon your risk capability. Market is taking a breather here. So better be light or with no positions.
Today market crossed the resistance level of yesterday 5280 that is good sign but i will maintain my call to remain cautious and carry less position for risky traders. Risky trader can go long after 5310 is broken . Even shorts can be taken with a stoploss of 5310 but this is for all traders who can take this risk . As global cues are also nearly flat so tomorrow we can expect some flat session or choppy session. As there is reversal pattern show on the chart but that is still need to be confirmed by tomorrow session. So better be cautions and look for tomorrows trades.
If anyone has done profit booking on my advice today then he might got the Nifty again at lower level today.
Most of the analyst are bullish like yesterday :-
1:55 PM - In an F&O call, buy Nifty January futures with a target of 5400-5450 and stop loss of 5240, says Nitin Murarka, technical analyst, on CNBC Awaaz. As long as Nifty is above 5200 the uptrend is intact, he feels.
1:51 PM - In an F&O call, buy Nifty January futures with a target of 5400-5425 and stop loss of 5200, says Nitesh Chand, technical analyst, on CNBC Awaaz.
1:48 PM - In an F&O call, buy Nifty January futures with a target of 5365 and stop loss of 5240, says Parsh Zaveri, technical analyst, on CNBC Awaaz.
1:43 PM - In an F&O call, buy Nifty January futures with a target of 5400-5450 and stop loss of 5250, says Somil Mehta, technical analyst, on CNBC Awaaz.
As expected the market today showed a choppy session with profit booking. Yesterday only i mentioned it is time to book full or partial profit depending upon your risk capability. Market is taking a breather here. So better be light or with no positions.
Today market crossed the resistance level of yesterday 5280 that is good sign but i will maintain my call to remain cautious and carry less position for risky traders. Risky trader can go long after 5310 is broken . Even shorts can be taken with a stoploss of 5310 but this is for all traders who can take this risk . As global cues are also nearly flat so tomorrow we can expect some flat session or choppy session. As there is reversal pattern show on the chart but that is still need to be confirmed by tomorrow session. So better be cautions and look for tomorrows trades.
If anyone has done profit booking on my advice today then he might got the Nifty again at lower level today.
Most of the analyst are bullish like yesterday :-
1:55 PM - In an F&O call, buy Nifty January futures with a target of 5400-5450 and stop loss of 5240, says Nitin Murarka, technical analyst, on CNBC Awaaz. As long as Nifty is above 5200 the uptrend is intact, he feels.
1:51 PM - In an F&O call, buy Nifty January futures with a target of 5400-5425 and stop loss of 5200, says Nitesh Chand, technical analyst, on CNBC Awaaz.
1:48 PM - In an F&O call, buy Nifty January futures with a target of 5365 and stop loss of 5240, says Parsh Zaveri, technical analyst, on CNBC Awaaz.
1:43 PM - In an F&O call, buy Nifty January futures with a target of 5400-5450 and stop loss of 5250, says Somil Mehta, technical analyst, on CNBC Awaaz.
Tuesday, January 5, 2010
Market Outlook 6th Jan
Hi ..
As expected market opened with a gap up with good gains.After that market continued to move in the narrow range. The market breadth was very good today.
Today 5280 was the level which market faced resistance right from the morning . It was breached for some time but could not sustain it.
As the market has run up quite a lot i would suggest book full profit or at least partial profit on your longs . We can get some small correction which can be helpful for taking entry again into the market. The overall mood of the market seems bullish but keep in mind don't get carried away with the bullishness.
I am bullish but with CAUTION. Remember the word CAUTION.
Most of the analyst are also bullish:-
2:05 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5150, says Rakesh Bansal, technical analyst, on CNBC Awaaz.
2:01 PM - In an F&O call, buy Nifty January futures with a target of 5380 and stop loss of 5210, says JK Doshi, technical analyst, on CNBC Awaaz.
1:55 PM - In an F&O call, buy Nifty January futures with a target of 5350-5400 and stop loss of 5220, says Husseini Wadharia, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5160, says Hormuz Maloo, technical analyst, on CNBC Awaaz
1:45 PM - In an F&O call, sell Nifty January futures with a target of 5250 and stop loss of 5310, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
As expected market opened with a gap up with good gains.After that market continued to move in the narrow range. The market breadth was very good today.
Today 5280 was the level which market faced resistance right from the morning . It was breached for some time but could not sustain it.
As the market has run up quite a lot i would suggest book full profit or at least partial profit on your longs . We can get some small correction which can be helpful for taking entry again into the market. The overall mood of the market seems bullish but keep in mind don't get carried away with the bullishness.
I am bullish but with CAUTION. Remember the word CAUTION.
Most of the analyst are also bullish:-
2:05 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5150, says Rakesh Bansal, technical analyst, on CNBC Awaaz.
2:01 PM - In an F&O call, buy Nifty January futures with a target of 5380 and stop loss of 5210, says JK Doshi, technical analyst, on CNBC Awaaz.
1:55 PM - In an F&O call, buy Nifty January futures with a target of 5350-5400 and stop loss of 5220, says Husseini Wadharia, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5160, says Hormuz Maloo, technical analyst, on CNBC Awaaz
1:45 PM - In an F&O call, sell Nifty January futures with a target of 5250 and stop loss of 5310, says Hemen Kapadia, technical analyst, on CNBC Awaaz.
Monday, January 4, 2010
Market Outlook 5th Jan
Hi,
Very Happy New Year to everyone and Happy Trading and Investing.
On Friday the person who have gone shorts might have made some money or lost some money as market has given both oppurtunities for the Trader but the range was narrow.Depending on the point of entry the loss and profit would have resulted.
For the first time on Friday the market closed above 5200 that was the sign of closing the shorts. As intraday basis 5220 and on daily charts 5200 has the significance. This showed that market has power to move up on Monday.
As per the expectation the market was up today And most important it maintained its gain through out the day. This shows the market has potentails to move up.
As the closing is also above 5220 then we can expect that the market will be up tomorrow. So we can go long tomorrow. But if we get a big gap up then we should wait for some time then should enter the market . If we get small gap up then we can go for the long then only.
Most of the analyst also believe in going long :-
2:00 PM - In an F&O call, buy Nifty January futures with a target of 5265-5325 and stop loss of 5185, says Hitesh Seth, technical analyst, on CNBC Awaaz.
1:55 PM - In an F&O call, buy Nifty January futures with a target of 5290 and stop loss of 5180, says Neera Jain, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5150, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.
1:44 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5160, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:42 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5195, says Mitesh Thacker, technical analyst, on CNBC Awaaz.
Very Happy New Year to everyone and Happy Trading and Investing.
On Friday the person who have gone shorts might have made some money or lost some money as market has given both oppurtunities for the Trader but the range was narrow.Depending on the point of entry the loss and profit would have resulted.
For the first time on Friday the market closed above 5200 that was the sign of closing the shorts. As intraday basis 5220 and on daily charts 5200 has the significance. This showed that market has power to move up on Monday.
As per the expectation the market was up today And most important it maintained its gain through out the day. This shows the market has potentails to move up.
As the closing is also above 5220 then we can expect that the market will be up tomorrow. So we can go long tomorrow. But if we get a big gap up then we should wait for some time then should enter the market . If we get small gap up then we can go for the long then only.
Most of the analyst also believe in going long :-
2:00 PM - In an F&O call, buy Nifty January futures with a target of 5265-5325 and stop loss of 5185, says Hitesh Seth, technical analyst, on CNBC Awaaz.
1:55 PM - In an F&O call, buy Nifty January futures with a target of 5290 and stop loss of 5180, says Neera Jain, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5150, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.
1:44 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5160, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:42 PM - In an F&O call, buy Nifty January futures with a target of 5350 and stop loss of 5195, says Mitesh Thacker, technical analyst, on CNBC Awaaz.
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