Market Overview
FREE WEEKLY MARKET FORECAST REPORT 6-9-10 TO 10-9-10
This week market may consolidate near current level
Last week Sensex gained 223 points or +1.24% to 18221 and Nifty gained 108 points or +1.31% to 5479 in the week ended 3-9-2010. Last week nifty bounce back from bottom but still nifty could not cross previous high of 5543. On weekly basis nifty is having strong support at 5334 and resistance at 5543.
Last week GDP data showed good strength. Auto sector and Cement sector also showed good numbers. Looking Indian Vix closed at all time low at 15.86. This VIX number is showing nifty could not jump easily to new high. Volatility should be increase other wise nifty may slide down again in comming weeks.
This week we advise to buy nifty if it close above 5543. Otherwise remain neutral and sell nifty only below 5392 on closing basis. This week market may consolidate between 5368 to 5540
FREE WEEKLY MARKET FORECAST REPORT 30-08-10 TO 3-9-10
This week in market may consolidate near current level
Last week Sensex lost 403 points or -2.19% to 17998 and Nifty lost -102 points or -2.20% to 5408 in the week ended 27-8-2010. Last week we saw profit booking on upper side and due to that nifty drag down to 5408 level. Technically this is called correction no need to panic. Corrections are always good for Market new rally. You may see in below mentioned chart Nifty is trading in bullish channel, so need to worry. Weekly basis Nifty resistance at 5489 and support at 5392 & 5364. Both level follow on closing basis only. Important dates to keep in mind, On 1st Sept Purchasing Manager's Index (PMI) data will come. GDP data will be declare on 31st August for Q1 June 2010. Auto and Cement sector will declare its sales data on 1st Dept. 2010. Keep your close eyes on this events.
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FREE WEEKLY MARKET FORECAST REPORT 23-08-10 TO 27-08-10
This week in market may rise with stock specific movement
Last week Sensex gained +234 points or +1.29% to 18401 and Nifty gained +78 points or +1.44% to 5530 in the week ended 20-8-2010. Last week we saw bulls entered in the market and took the full charge and nifty crossed 5500 level and nifty closed at 5523 level. This week we see continue upside rally with stock specific movements. Reliance may support the market. Nifty may touch upto 5580 and more. Watch attached chart below, Its weekly nifty chart their you can see prices are risisng but volumes are getting down. This is the risky point. So keep strict sl in your every trade is advisable.
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FREE WEEKLY MARKET FORECAST REPORT 02-08-10 TO 06-08-10
This week in market may rise with stock specific movement
Last week Sensex lost -262 points or -1.45% to 17868 and Nifty lost -82 points or -1.50% to 5367 in the week ended 30-7-2010. Last week after good result of Reliance and Good announcement of RBI, but we saw profit booking on higher level. Due to result season market is trading very choppy way. Still we hope on Reliance, If RIL moves then nifty will go above 5500 very fast. Till 5230 we are on bull side. No need to panic in market. Nifty resistance at 5455 and 5476. If nifty close above then hold long positoins.
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FREE WEEKLY MARKET FORECAST REPORT 26-07-10 TO 30-07-10
This week in market may rise with stock specific movement
Last week Sensex gained +175 points or +0.98% to 18130 and Nifty gained +56 points or +1.02% to 5449 in the week ended 23-7-2010. Last week market ends with minor gain. But in last week nifty made new high of last 2.5 years. Normally we found breakout or new high with good volumes with proper margin. But so many issues are pending and last for F&O expiry market is trading very choppy way. Next week RBI Meet for CRR and RESERVE REPO RATE, RIL result of 1st Qtr, and Finally last week for F&O Expiry. So, looking to these issues market will be highly volatile or too choppy means range bound. We Strictly advise please remain neutral till next Thursay. Nifty resistance at 5476 and 5492.
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FREE WEEKLY MARKET FORECAST REPORT 12-07-10 TO 16-07-10
This week in market may rise with stock specific movement
Last week Sensex gained +373 points or +2.13% to 17833 and Nifty gained +115 points or +2.20% to 5352 in the week ended 09-7-2010. Last week market ends with good gain, Looks like Bulls take the charge finally. In this week we may see stock specific movement due to 1st quarter results announcement. This week nifty closed near previous high. Now more chances are to jump for new high. Now on this week keep your eyes on 5378 and 5398, If nifty close above these levels then we may see new high very soon. Nifty support at 5218 on closing basis. If nifty close below 5218 then we advise to exit from long positions. Till nifty 5218 we are on bull side.
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FREE WEEKLY MARKET FORECAST REPORT 05-07-10 TO 09-07-10
This week in market may decide its trend
Last week Sensex lost -114 points or -0.65% to 17460 and Nifty lost -32 points or -0.61% to 5237 in the week ended 02-7-2010. Last week market ends flat, Bulls and Bears fight well, but nobody wins and market ends neutral on weekly basis. RBI raise the REPO Rate and REVERSE REPO Rate to control the inflation. Now from end of this week 1st quater results will come, these results may give trend to market. Since last two weeks market is trying sustain on top. Nifty is having good chance to reach on new high, but market is waiting for some proper announcements. Now on this week keep your eyes on 5378 and 5398, If nifty close above these levels then we may see very new high very soon. Nifty support at 5218 on closing basis. If nifty close below 5218 then nifty may touch upto 5109 and more so we advise to exit from longs. Till nifty 5218 we are on bull side.
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FREE WEEKLY MARKET FORECAST REPORT 28-06-10 TO 02-07-10
This week in market may consolidate
Last week Sensex gained +4 points or +0.02% to 17574 and Nifty gained +7 points or 0.12% to 52629 in the week ended 25-6-2010. Last week market ends flat, Bulls and Bears fight well, but nobody wins and market ends neutral on weekly basis. Finally Govt decontrol the fuel prices due to that inflation may rise, so now RBI needs to take strict steps for interest rates to control the inflation. Fear of Interest rates rise, on last Friday market closed on -ve side. Now this week keep your eyes on 5378 and 5398, If nifty close above these levels then we may see very new high very soon. Nifty support at 5218 on closing basis. If nifty close below 5218 then exit from longs is advisable. Till nifty 5218 we are on bull side.
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FREE WEEKLY MARKET FORECAST REPORT 21-06-10 TO 25-06-10
This week in market may reach to new high
Last week Sensex gained +506 points or +2.96% to 17570 and Nifty gained +142 points or 2.80% to 5262 in the week ended 18-6-2010. Last week market ends with good gain. As we told last week that bulls will take charge and see market ends on green side. Now we see nifty at previous high and more very soon. Keep your eyes on 24th June, US govt will declare meets for FED Rate. Also we advise the this the last week of F&O so safe trader sit in side or trade with strict sl only. Market will rise with very high volatility. If nifty close above 5303 then 5398 is sure and may rise more. Overall next week will be on positive side.
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FREE WEEKLY MARKET FORECAST REPORT 14-06-10 TO 18-06-10
This week in market bulls may take charge
Last week Sensex lost -53 points or -0.31% to 17064.95 and Nifty lost -16 points or -0.31% to 5117 in the week ended 11-6-2010. Last week market ends flat after last week's gain. As we told nifty could not cross 5165 level. This week also nifty is having main resistance at 5165. If nifty close above 5165 level then we may see 5300-5400 level very soon. From 15th June companies will declare advance tax figtures. Also keep your eyes on Inflation data which will be declare on 14th June Monday. On 17th of June EGoM meets for Fuel Policy also keep your eyes on this event. So in next week nifty may trade flat or in the range of 4980 to 5165 level. Currently nifty is having support at 5055 and 4996 level. In next week we may see high volatility, also we may see taking charge of bulls. Overall next week will be on positive side.
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